Ray Dalio’s MDU Resources MDU Stock Holding History

Ray Dalio’s Portfolio MDU Stock Details MDU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.09M	Buy	+52,626	New	+$1.08M	﹤0.01%	774
2025 Q4	–	Sell	-149,167	Closed	-$2.66M	–	1131
2025 Q3	$2.66M	Buy	149,167 +129,321	+652%	+$2.16M	0.01%	659
2025 Q2	$331K	Sell	19,846 -174,818	-90%	-$2.94M	﹤0.01%	550
2025 Q1	$3.29M	Buy	+194,664	New	+$3.36M	0.02%	406
2023 Q1	–	Sell	-124,196	Closed	-$1.43M	–	824
2022 Q4	$1.43M	Buy	124,196 +41,791	+51%	+$470K	0.01%	588
2022 Q3	$857K	Sell	82,405 -12,003	-13%	-$133K	﹤0.01%	720
2022 Q2	$969K	Buy	94,408 +26,681	+39%	+$271K	﹤0.01%	794
2022 Q1	$686K	Buy	67,727 +37,938	+127%	+$402K	﹤0.01%	853
2021 Q4	$349K	Buy	+29,789	New	+$336K	﹤0.01%	680
2019 Q1	–	Sell	-90,003	Closed	-$816K	–	430
2018 Q4	$816K	Buy	+90,003	New	+$878K	0.01%	358
2018 Q3	–	Sell	-32,716	Closed	-$357K	–	432
2018 Q2	$357K	Sell	32,716 -20,518	-39%	-$219K	﹤0.01%	395
2018 Q1	$570K	Buy	+53,234	New	+$540K	0.01%	373

Other funds holding MDU

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $30.5B AUM 29.95% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

SEI Investments Oaks, Pennsylvania $108B AUM 26.14% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Ray Dalio's MDU Position: Q1 2026 in Review

Ray Dalio opened a new position in MDU Resources (MDU) in Q1 2026: 52,626 shares worth $1.09M. The stake represents ﹤0.01% of the portfolio and ranks #774 among its holdings. This is a return to the name: Ray Dalio previously reported a position in MDU as recently as Q3 2025.

Ray Dalio first reported a position in MDU in Q1 2018 and has held it in 12 quarters since. The position peaked at $3.29M in Q1 2025. 419 funds tracked by Wall St. Rank hold MDU as of Q1 2026.

Ray Dalio held 52,626 shares of MDU Resources worth $1.09M as of Q1 2026.
MDU Resources was a new Ray Dalio position in Q1 2026.
MDU Resources made up ﹤0.01% of Ray Dalio's portfolio in Q1 2026, its #774 holding.
Ray Dalio first reported a position in MDU Resources in Q1 2018 and has held it in 12 quarters since.
Ray Dalio's MDU Resources position peaked at $3.29M in Q1 2025.
419 funds tracked by Wall St. Rank held MDU Resources as of Q1 2026.

Based on Bridgewater Associates's 13F filing for Q1 2026, filed 15 May 2026.