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 |
NVIDIA
NVDA
|
+$552M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$419M |
| 3 |
Microsoft
MSFT
|
+$393M |
| 4 |
Johnson & Johnson
JNJ
|
+$305M |
| 5 |
Uber
UBER
|
+$259M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$748M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$418M |
| 3 |
Constellation Energy
CEG
|
+$211M |
| 4 |
Pinduoduo
PDD
|
+$206M |
| 5 |
Baidu
BIDU
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.87% |
| 2 | Communication Services | 11.52% |
| 3 | Financials | 9.89% |
| 4 | Healthcare | 8.49% |
| 5 | Consumer Discretionary | 7.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Selective Insurance
SIGI
$5.73B
| $3.07M | 0.01% |
35,478
+7,851
| +28% | +$688K |
|
377
Lear
LEA
$8.18B
| $3.06M | 0.01% |
32,200
-17,677
| -35% | -$1.55M |
|
378
Viatris
VTRS
$18.9B
| $3.05M | 0.01% |
341,421
-269,448
| -44% | -$2.28M |
|
379
Pinnacle West Capital
PNW
$12.2B
| $3.02M | 0.01% |
33,703
-16,511
| -33% | -$1.51M |
|
380
Frontier Group Holdings
ULCC
$1.7B
| $2.98M | 0.01% |
821,122
+136,730
| +20% | +$501K |
|
381
Copa Holdings
CPA
$5.8B
| $2.97M | 0.01% |
26,973
-11,690
| -30% | -$1.15M |
|
382
DXC Technology
DXC
$1.73B
| $2.9M | 0.01% |
189,905
-100,910
| -35% | -$1.55M |
|
383
Strategy Inc
MSTR
$38.4B
| $2.9M | 0.01% |
7,164
+950
| +15% | +$346K |
|
384
Coca-Cola Europacific Partners
CCEP
$47.9B
| $2.87M | 0.01% |
30,988
+24,411
| +371% | +$2.19M |
|
|
FL
385
DELISTED
Foot Locker
FL
| $2.87M | 0.01% |
+117,059
| New | +$2.13M |
|
386
Pilgrim's Pride
PPC
$6.54B
| $2.8M | 0.01% |
62,233
-134,704
| -68% | -$6.61M |
|
387
Sigma Lithium
SGML
$1.28B
| $2.79M | 0.01% |
620,346
+104,142
| +20% | +$687K |
|
|
PPBI
388
DELISTED
Pacific Premier Bancorp
PPBI
| $2.78M | 0.01% |
+131,849
| New | +$2.74M |
|
389
CGI
GIB
$15.5B
| $2.75M | 0.01% |
26,263
-21,179
| -45% | -$2.23M |
|
390
OneMain Financial
OMF
$7.47B
| $2.72M | 0.01% |
47,721
-9,567
| -17% | -$477K |
|
391
Armstrong World Industries
AWI
$7.84B
| $2.7M | 0.01% |
16,624
-19,666
| -54% | -$2.92M |
|
392
Stride
LRN
$3.43B
| $2.67M | 0.01% |
18,363
+3,302
| +22% | +$478K |
|
393
Allegro MicroSystems
ALGM
$8.16B
| $2.64M | 0.01% |
+77,321
| New | +$1.93M |
|
394
TD Synnex
SNX
$20.2B
| $2.62M | 0.01% |
19,285
-181,099
| -90% | -$21.3M |
|
395
Applovin
APP
$116B
| $2.6M | 0.01% |
7,415
+998
| +16% | +$324K |
|
396
Qorvo
QRVO
$8.74B
| $2.57M | 0.01% |
+30,228
| New | +$2.18M |
|
397
Target
TGT
$68B
| $2.55M | 0.01% |
25,870
-8,767
| -25% | -$842K |
|
398
Verizon
VZ
$196B
| $2.54M | 0.01% |
58,720
+28,197
| +92% | +$1.22M |
|
399
Fulton Financial
FULT
$4.64B
| $2.52M | 0.01% |
+139,885
| New | +$2.39M |
|
400
Acuity Brands
AYI
$10.8B
| $2.48M | 0.01% |
8,311
-38,129
| -82% | -$9.87M |
|
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Ray Dalio's Q2 2025 Portfolio in Review
As of Q2 2025, Ray Dalio held 749 positions worth $24.8B, up 15% from $21.6B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Ray Dalio's Q2 2025 filing shows 85 new, 206 increased, 287 reduced and 164 closed positions. Its largest new stake was Arm: 473,725 shares worth $76.6M. The largest sale was Alibaba, an estimated $748M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 19% a quarter earlier, followed by Communication Services and Financials.
- Ray Dalio's largest Q2 2025 buy was Arm: 473,725 shares worth $76.6M.
- Ray Dalio added most to NVIDIA in Q2 2025, an estimated $552M increase.
- Ray Dalio's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $418M.
- Ray Dalio fully exited Alibaba in Q2 2025, selling an estimated $748M.
- Ray Dalio's ten largest holdings make up 36% of its $24.8B portfolio in Q2 2025.
- Ray Dalio opened 85 new positions and closed 164 in Q2 2025.
- Ray Dalio's portfolio value rose 15% quarter-over-quarter to $24.8B.
Based on Bridgewater Associates's 13F filing for Q2 2025, filed 13 Aug 2025.