Ray Dalio Bridgewater Associates
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$537M |
| 2 |
TSMC
TSM
|
+$371M |
| 3 |
Micron Technology
MU
|
+$230M |
| 4 |
Broadcom
AVGO
|
+$220M |
| 5 |
NVIDIA
NVDA
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.03B |
| 2 |
Salesforce
CRM
|
+$512M |
| 3 |
Booking.com
BKNG
|
+$370M |
| 4 |
Adobe
ADBE
|
+$353M |
| 5 |
Lam Research
LRCX
|
+$329M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.25% |
| 2 | Industrials | 8.69% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Financials | 6.79% |
| 5 | Healthcare | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Pan American Silver
PAAS
$21.6B
| $8.27M | 0.04% |
+151,463
| New | +$8.73M |
|
302
Federated Hermes
FHI
$4.72B
| $8.18M | 0.04% |
144,289
-142,279
| -50% | -$7.79M |
|
303
Ingredion
INGR
$6.58B
| $8.15M | 0.04% |
72,315
+2,704
| +4% | +$310K |
|
304
TJX Companies
TJX
$178B
| $8.08M | 0.04% |
50,596
+4,220
| +9% | +$657K |
|
305
IQVIA
IQV
$39.3B
| $8.04M | 0.04% |
47,119
+33,354
| +242% | +$6.51M |
|
306
Lincoln National
LNC
$8.81B
| $8M | 0.04% |
225,339
-18,962
| -8% | -$729K |
|
307
Intuitive Surgical
ISRG
$134B
| $7.97M | 0.04% |
17,294
+6,124
| +55% | +$3.1M |
|
308
HP
HPQ
$27.5B
| $7.95M | 0.04% |
413,673
+338,877
| +453% | +$6.59M |
|
309
Travelers Companies
TRV
$80.2B
| $7.94M | 0.04% |
27,235
+2,562
| +10% | +$751K |
|
310
Carlisle Companies
CSL
$15.4B
| $7.89M | 0.04% |
23,658
-4,793
| -17% | -$1.74M |
|
311
American Financial Group
AFG
$12.1B
| $7.88M | 0.04% |
61,721
-1,352
| -2% | -$176K |
|
312
Northrop Grumman
NOC
$81.2B
| $7.84M | 0.04% |
11,495
+5,075
| +79% | +$3.51M |
|
313
Restaurant Brands International
QSR
$25.8B
| $7.76M | 0.03% |
104,956
+24,783
| +31% | +$1.74M |
|
314
CNO Financial Group
CNO
$5.11B
| $7.75M | 0.03% |
188,785
-78,732
| -29% | -$3.29M |
|
315
Weyerhaeuser
WY
$18.4B
| $7.74M | 0.03% |
+317,012
| New | +$7.97M |
|
316
Viking Holdings
VIK
$47.2B
| $7.73M | 0.03% |
105,185
-79,832
| -43% | -$5.83M |
|
317
FIGS
FIGS
$2.38B
| $7.67M | 0.03% |
+519,482
| New | +$6.66M |
|
318
Towne Bank
TOWN
$3.42B
| $7.66M | 0.03% |
227,497
+71,495
| +46% | +$2.48M |
|
319
Argan
AGX
$8.37B
| $7.62M | 0.03% |
+13,989
| New | +$5.7M |
|
320
Curtiss-Wright
CW
$25.5B
| $7.61M | 0.03% |
11,175
-35,624
| -76% | -$23.7M |
|
321
Visa
V
$677B
| $7.61M | 0.03% |
25,172
-511,325
| -95% | -$164M |
|
322
Celanese
CE
$4.82B
| $7.59M | 0.03% |
115,367
-147,935
| -56% | -$7.72M |
|
323
United Rentals
URI
$72.4B
| $7.55M | 0.03% |
+10,357
| New | +$8.7M |
|
324
Pegasystems
PEGA
$5.38B
| $7.52M | 0.03% |
176,703
+29,878
| +20% | +$1.39M |
|
325
Netflix
NFLX
$309B
| $7.46M | 0.03% |
77,611
+59,584
| +331% | +$5.25M |
|
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Ray Dalio's Q1 2026 Portfolio in Review
As of Q1 2026, Ray Dalio held 1,254 positions worth $22.4B, down 18% from $27.4B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Ray Dalio withdrew a net $4.49B in Q1 2026, closing 261 positions and reducing 487 holdings. Its most notable exit was Salesforce, an estimated $512M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in TSMC worth $364M.
- Ray Dalio's largest Q1 2026 buy was TSMC: 1,077,079 shares worth $364M.
- Ray Dalio added most to Amazon in Q1 2026, an estimated $537M increase.
- Ray Dalio's biggest Q1 2026 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.03B.
- Ray Dalio fully exited Salesforce in Q1 2026, selling an estimated $512M.
- Ray Dalio's ten largest holdings make up 41% of its $22.4B portfolio in Q1 2026.
- Ray Dalio opened 214 new positions and closed 261 in Q1 2026.
- Ray Dalio's portfolio value fell 18% quarter-over-quarter to $22.4B.
Based on Bridgewater Associates's 13F filing for Q1 2026, filed 15 May 2026.