Ray Dalio’s Two Harbors Investment TWO Stock Holding History

Ray Dalio’s Portfolio TWO Stock Details TWO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-36,436	Closed	-$360K	–	1180
2025 Q3	$360K	Buy	+36,436	New	+$367K	﹤0.01%	955
2021 Q2	–	Sell	-3,035	Closed	-$89K	–	764
2021 Q1	$89K	Buy	+3,035	New	+$83.2K	﹤0.01%	454
2019 Q1	–	Sell	-8,003	Closed	-$411K	–	500
2018 Q4	$411K	Buy	+8,003	New	+$456K	﹤0.01%	435
2018 Q3	–	Sell	-8,813	Closed	-$557K	–	477
2018 Q2	$557K	Sell	8,813 -3,687	-29%	-$231K	0.01%	332
2018 Q1	$769K	Buy	+12,500	New	+$768K	0.01%	345
2017 Q3	–	Sell	-1,827	Closed	-$145K	–	390
2017 Q2	$145K	Buy	+1,827	New	+$146K	﹤0.01%	342
2016 Q1	–	Sell	-1,305	Closed	-$85K	–	309
2015 Q4	$85K	Sell	1,305 -375	-22%	-$25.6K	﹤0.01%	262
2015 Q3	$119K	Buy	+1,680	New	+$131K	﹤0.01%	430
2013 Q3	–	Sell	-6,268	Closed	-$514K	–	402
2013 Q2	$514K	Buy	+6,268	New	+$575K	﹤0.01%	250

Other funds holding TWO

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Marshall Wace London, United Kingdom $100B AUM 35.1% 1-Year Est. Return

Balyasny Asset Management Chicago, Illinois $77.1B AUM 42.89% 1-Year Est. Return

Allspring Global Investments Charlotte, North Carolina $59.7B AUM 29.08% 1-Year Est. Return

SSA

Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Ray Dalio's TWO Position: Q4 2025 in Review

Ray Dalio sold out of Two Harbors Investment (TWO) in Q4 2025, closing a stake of 36,436 shares — an estimated $360K sold.

Ray Dalio first reported a position in TWO in Q2 2013 and held it in 9 quarters. The position peaked at $769K in Q1 2018. 215 funds tracked by Wall St. Rank hold TWO as of Q4 2025.

Ray Dalio reported no remaining Two Harbors Investment position as of Q4 2025 after selling out during the quarter.
Ray Dalio sold 36,436 Two Harbors Investment shares in Q4 2025, an estimated $360K.
Ray Dalio first reported a position in Two Harbors Investment in Q2 2013 and held it in 9 quarters.
Ray Dalio's Two Harbors Investment position peaked at $769K in Q1 2018.
215 funds tracked by Wall St. Rank held Two Harbors Investment as of Q4 2025.

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