Ray Dalio
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Ray Dalio’s iShares China Large-Cap ETF FXI Stock Holding History

Ray Dalio’s Portfolio FXI Stock Details FXI Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q2 		– Sell
-691,242
Closed -$24.8M – 638
2025
Q1 		$24.8M Sell
691,242
-390,646
-36% -$13.2M 0.11% 154
2024
Q4 		$32.9M Sell
1,081,888
-15,770
-1% -$497K 0.15% 118
2024
Q3 		$34.9M Sell
1,097,658
-28,620
-3% -$757K 0.2% 98
2024
Q2 		$29.3M Sell
1,126,278
-138,771
-11% -$3.64M 0.15% 106
2024
Q1 		$30.4M Sell
1,265,049
-2,873,934
-69% -$66.3M 0.15% 108
2023
Q4 		$99.5M Buy
4,138,983
+50,243
+1% +$1.27M 0.56% 37
2023
Q3 		$108M Buy
4,088,740
+845,964
+26% +$23.4M 0.66% 29
2023
Q2 		$88.2M Buy
3,242,776
+2,155,883
+198% +$60.5M 0.54% 36
2023
Q1 		$32.1M Sell
1,086,893
-296,835
-21% -$8.92M 0.2% 98
2022
Q4 		$39.2M Sell
1,383,728
-930,359
-40% -$24.1M 0.21% 96
2022
Q3 		$59.8M Buy
2,314,087
+701,978
+44% +$21M 0.3% 69
2022
Q2 		$54.7M Sell
1,612,109
-1,664,689
-51% -$52.2M 0.23% 90
2022
Q1 		$105M Buy
3,276,798
+314,765
+11% +$11.1M 0.42% 39
2021
Q4 		$108M Sell
2,962,033
-1,299,947
-31% -$51M 0.63% 28
2021
Q3 		$166M Buy
4,261,980
+562,248
+15% +$23.2M 0.91% 21
2021
Q2 		$171M Sell
3,699,732
-89,408
-2% -$4.13M 1.1% 19
2021
Q1 		$177M Buy
3,789,140
+243,700
+7% +$12.1M 1.56% 13
2020
Q4 		$165M Sell
3,545,440
-141,921
-4% -$6.48M 1.42% 17
2020
Q3 		$155M Sell
3,687,361
-1,089,587
-23% -$46.8M 1.86% 11
2020
Q2 		$190M Buy
4,776,948
+4,192,642
+718% +$164M 3.18% 7
2020
Q1 		$21.9M Sell
584,306
-356,313
-38% -$14.5M 0.44% 24
2019
Q4 		$41M Buy
940,619
+81,116
+9% +$3.38M 0.42% 25
2019
Q3 		$34.2M Buy
859,503
+143,317
+20% +$5.81M 0.3% 35
2019
Q2 		$30.6M Buy
+716,186
New +$30.6M 0.24% 35

Other funds holding FXI

Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
Rafferty Asset Management
Rafferty Asset Management New York $24.6B AUM 47.06% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
CI Investments Inc
CI Investments Inc Toronto, Ontario, Canada $20.6B AUM 29.22% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
Citigroup
Citigroup New York $303B AUM 53.02% 1-Year Est. Return
BNP Paribas Financial Markets
BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT) London, United Kingdom $89.9B AUM 20.22% 1-Year Est. Return

Ray Dalio's FXI Position: Q2 2025 in Review

Ray Dalio sold out of iShares China Large-Cap ETF (FXI) in Q2 2025, closing a stake of 691,242 shares — an estimated $24.8M sold.

Ray Dalio first reported a position in FXI in Q2 2019 and held it in 24 quarters. The position peaked at $190M in Q2 2020. 365 funds tracked by Wall St. Rank hold FXI as of Q2 2025.

  • Ray Dalio reported no remaining iShares China Large-Cap ETF position as of Q2 2025 after selling out during the quarter.
  • Ray Dalio sold 691,242 iShares China Large-Cap ETF shares in Q2 2025, an estimated $24.8M.
  • Ray Dalio first reported a position in iShares China Large-Cap ETF in Q2 2019 and held it in 24 quarters.
  • Ray Dalio's iShares China Large-Cap ETF position peaked at $190M in Q2 2020.
  • 365 funds tracked by Wall St. Rank held iShares China Large-Cap ETF as of Q2 2025.

Based on Bridgewater Associates's 13F filing for Q2 2025, filed 13 Aug 2025.