Ray Dalio
AJG icon

Ray Dalio’s Arthur J. Gallagher & Co AJG Stock Holding History

Ray Dalio’s Portfolio AJG Stock Details AJG Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-39,190
Closed -$12.1M – 1045
2025
Q3 		$12.1M Buy
+39,190
New +$11.8M 0.05% 298
2024
Q1 		– Sell
-15,505
Closed -$3.49M – 681
2023
Q4 		$3.49M Buy
+15,505
New +$3.67M 0.02% 426
2023
Q1 		– Sell
-76,134
Closed -$14.4M – 717
2022
Q4 		$14.4M Buy
76,134
+36,912
+94% +$6.9M 0.08% 197
2022
Q3 		$6.72M Buy
39,222
+34,257
+690% +$6.08M 0.03% 324
2022
Q2 		$809K Sell
4,965
-22,427
-82% -$3.72M ﹤0.01% 827
2022
Q1 		$4.78M Sell
27,392
-9,448
-26% -$1.51M 0.02% 483
2021
Q4 		$6.25M Sell
36,840
-47,952
-57% -$7.84M 0.04% 252
2021
Q3 		$12.6M Buy
84,792
+17,206
+25% +$2.46M 0.07% 170
2021
Q2 		$9.47M Buy
67,586
+7,181
+12% +$1.01M 0.06% 222
2021
Q1 		$7.54M Buy
60,405
+34,058
+129% +$4.11M 0.07% 189
2020
Q4 		$3.26M Buy
+26,347
New +$3M 0.03% 248
2020
Q1 		– Sell
-38,591
Closed -$3.67M – 407
2019
Q4 		$3.67M Buy
+38,591
New +$3.53M 0.04% 134
2019
Q1 		– Sell
-4,974
Closed -$367K – 312
2018
Q4 		$367K Buy
+4,974
New +$371K ﹤0.01% 442
2018
Q2 		– Sell
-12,538
Closed -$862K – 467
2018
Q1 		$862K Buy
+12,538
New +$846K 0.01% 295
2017
Q3 		– Sell
-9,509
Closed -$544K – 291
2017
Q2 		$544K Buy
+9,509
New +$537K 0.01% 251
2015
Q4 		– Sell
-11,428
Closed -$472K – 269
2015
Q3 		$472K Buy
+11,428
New +$518K 0.01% 329

Other funds holding AJG

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Norges Bank
Norges Bank Oslo, Norway $935B AUM
Capital International Investors
Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Ray Dalio's AJG Position: Q4 2025 in Review

Ray Dalio sold out of Arthur J. Gallagher & Co (AJG) in Q4 2025, closing a stake of 39,190 shares — an estimated $12.1M sold.

Ray Dalio first reported a position in AJG in Q3 2015 and held it in 16 quarters. The position peaked at $14.4M in Q4 2022. 1,299 funds tracked by Wall St. Rank hold AJG as of Q4 2025.

  • Ray Dalio reported no remaining Arthur J. Gallagher & Co position as of Q4 2025 after selling out during the quarter.
  • Ray Dalio sold 39,190 Arthur J. Gallagher & Co shares in Q4 2025, an estimated $12.1M.
  • Ray Dalio first reported a position in Arthur J. Gallagher & Co in Q3 2015 and held it in 16 quarters.
  • Ray Dalio's Arthur J. Gallagher & Co position peaked at $14.4M in Q4 2022.
  • 1,299 funds tracked by Wall St. Rank held Arthur J. Gallagher & Co as of Q4 2025.

Based on Bridgewater Associates's 13F filing for Q4 2025, filed 13 Feb 2026.