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Ray Dalio

Ray Dalio Bridgewater Associates

AUM $24.4B
1-Year Est. Return 40.93%
 

Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest hedge funds, known for its unique “principles-based” culture and systematic investment approach. Dalio’s investment philosophy emphasizes diversified portfolios, risk parity, and the importance of understanding economic cycles in shaping investment decisions. He has authored several books, including “Principles: Life & Work,” in which he details his management philosophies, personal experiences, and life lessons.

This Fund
S&P 500
This Quarter Est. Return
1 Year Est. Return
+40.93%
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$24.4B
AUM Growth
+$1.97B
Cap. Flow
Cap. Flow %
Top 10 Hldgs %
Holding
1,206
New
Increased
Reduced
Closed

Top Buys

Rank Stock Value
1
+$693M
2
+$235M
3
+$200M
4
PBR icon
Petrobras
PBR
+$105M
5
SHEL icon
Shell
SHEL
+$105M

Top Sells

Rank Stock Value
1
+$1.02B
2
+$593M
3
+$423M
4
MRVL icon
Marvell Technology
MRVL
+$354M
5
GEV icon
GE Vernova
GEV
+$319M

Sector Composition

Rank Sector Weight
1 Technology 21.23%
2 Industrials 7.72%
3 Financials 6.76%
4 Healthcare 6.62%
5 Energy 6.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$3.97B 16.3%
5,320,308
+955,446
IVV icon
2
iShares Core S&P 500 ETF
IVV
$895B
$2.25B 9.22%
3,002,286
+323,202
NVDA icon
3
NVIDIA
NVDA
$5.32T
$774M 3.17%
3,866,195
-826,808
AVGO icon
4
Broadcom
AVGO
$1.81T
$498M 2.04%
1,317,923
-517,457
AMZN icon
5
Amazon
AMZN
$2.8T
$483M 1.98%
2,025,481
-2,363,230
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.21T
$473M 1.94%
1,322,176
-675,498
LRCX icon
7
Lam Research
LRCX
$410B
$407M 1.67%
938,224
-633,005
VOO icon
8
Vanguard S&P 500 ETF
VOO
$1.03T
$315M 1.29%
458,381
+299,753
AMD icon
9
Advanced Micro Devices
AMD
$791B
$313M 1.28%
538,632
-754,135
EWY icon
10
iShares MSCI South Korea ETF
EWY
$26.6B
$280M 1.15%
1,384,772
-381,492
MSFT icon
11
Microsoft
MSFT
$3.58T
$266M 1.09%
711,896
-373,083
NEM icon
12
Newmont
NEM
$122B
$252M 1.03%
2,695,170
+378,529
AMAT icon
13
Applied Materials
AMAT
$408B
$211M 0.86%
291,426
-268,492
ORCL icon
14
Oracle
ORCL
$411B
$210M 0.86%
1,432,967
-159,102
STX icon
15
Seagate
STX
$205B
$193M 0.79%
199,822
-129,295
JNJ icon
16
Johnson & Johnson
JNJ
$653B
$170M 0.7%
669,135
-27,749
VWO icon
17
Vanguard FTSE Emerging Markets ETF
VWO
$124B
$164M 0.67%
2,746,819
+25,079
GEV icon
18
GE Vernova
GEV
$268B
$144M 0.59%
122,768
-312,129
UNP icon
19
Union Pacific
UNP
$177B
$140M 0.57%
514,266
-18,584
MU icon
20
Micron Technology
MU
$1.06T
$135M 0.55%
116,666
-1,359,038
MBB icon
21
iShares MBS ETF
MBB
$39B
$131M 0.54%
1,386,800
+26,800
MO icon
22
Altria Group
MO
$109B
$124M 0.51%
1,727,216
+21,705
APH icon
23
Amphenol
APH
$197B
$123M 0.5%
697,612
-165,436
ASML icon
24
ASML
ASML
$693B
$123M 0.5%
61,675
-30,521
B
25
Barrick Mining
B
$69.3B
$121M 0.5%
3,304,836
+225,593
1
2 3 4 5

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Ray Dalio's Q2 2026 Portfolio in Review

As of Q2 2026, Ray Dalio held 1,206 positions worth $24.4B, up 8.8% from $22.4B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Ray Dalio withdrew a net $3.05B in Q2 2026, closing 209 positions and reducing 379 holdings. Its most notable exit was Cisco, an estimated $63.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 29% a quarter earlier, followed by Industrials and Financials.

Against the trend, Ray Dalio opened a new position in Eversource Energy worth $86.4M.

  • Ray Dalio's largest Q2 2026 buy was Eversource Energy: 1,195,140 shares worth $86.4M.
  • Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $693M increase.
  • Ray Dalio's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $1.02B.
  • Ray Dalio fully exited Cisco in Q2 2026, selling an estimated $63.8M.
  • Ray Dalio's ten largest holdings make up 40% of its $24.4B portfolio in Q2 2026.
  • Ray Dalio opened 213 new positions and closed 209 in Q2 2026.
  • Ray Dalio's portfolio value rose 8.8% quarter-over-quarter to $24.4B.

Based on Bridgewater Associates's 13F filing for Q2 2026, filed 14 Aug 2026.