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 | |
|---|---|---|---|---|---|---|
401
Centene
CNC
$32.5B
| $5.51M | 0.02% |
168,146
+73,614
| +78% | +$3.02M |
|
402
US Foods
USFD
$24B
| $5.38M | 0.02% |
58,359
-182,123
| -76% | -$16.1M |
|
403
ESCO Technologies
ESE
$7.92B
| $5.37M | 0.02% |
19,073
+14,713
| +337% | +$3.71M |
|
404
Toro Company
TTC
$9.49B
| $5.36M | 0.02% |
57,326
-44,830
| -44% | -$4.22M |
|
405
Vicor
VICR
$10.2B
| $5.35M | 0.02% |
33,207
+14,113
| +74% | +$2.33M |
|
406
Olin
OLN
$2.12B
| $5.31M | 0.02% |
178,567
+1,061
| +0.6% | +$25.9K |
|
407
Howmet Aerospace
HWM
$112B
| $5.3M | 0.02% |
23,012
-42,167
| -65% | -$9.83M |
|
408
Element Solutions
ESI
$9.23B
| $5.3M | 0.02% |
155,202
-52,186
| -25% | -$1.64M |
|
409
Kratos Defense & Security Solutions
KTOS
$11.4B
| $5.28M | 0.02% |
74,867
-29,651
| -28% | -$2.84M |
|
410
Brink's
BCO
$4.62B
| $5.24M | 0.02% |
50,611
+10,007
| +25% | +$1.2M |
|
411
MP Materials
MP
$9.1B
| $5.21M | 0.02% |
108,054
+45,596
| +73% | +$2.73M |
|
412
Amgen
AMGN
$222B
| $5.2M | 0.02% |
14,774
+11,754
| +389% | +$4.19M |
|
413
Golar LNG
GLNG
$5.13B
| $5.2M | 0.02% |
96,014
+88,919
| +1,253% | +$3.92M |
|
414
Best Buy
BBY
$17.3B
| $5.19M | 0.02% |
80,798
+73,342
| +984% | +$4.81M |
|
|
GAP
415
The Gap Inc
GAP
$7.37B
| $5.14M | 0.02% |
+212,365
| New | +$5.62M |
|
416
GE HealthCare
GEHC
$32.4B
| $5.11M | 0.02% |
71,811
+57,329
| +396% | +$4.52M |
|
417
Fulton Financial
FULT
$4.64B
| $5.1M | 0.02% |
250,564
+90,800
| +57% | +$1.87M |
|
418
First Hawaiian
FHB
$3.35B
| $5.07M | 0.02% |
+205,740
| New | +$5.3M |
|
419
Armstrong World Industries
AWI
$7.84B
| $5.07M | 0.02% |
30,757
+13,107
| +74% | +$2.4M |
|
420
Natera
NTRA
$46.4B
| $5.05M | 0.02% |
+25,237
| New | +$5.43M |
|
421
National Fuel Gas
NFG
$7.65B
| $4.99M | 0.02% |
53,069
-62,983
| -54% | -$5.5M |
|
422
Steven Madden
SHOO
$3.55B
| $4.97M | 0.02% |
146,634
+111,297
| +315% | +$4.31M |
|
423
Live Nation Entertainment
LYV
$42.1B
| $4.93M | 0.02% |
32,344
-13,762
| -30% | -$2.08M |
|
424
XPO
XPO
$23.7B
| $4.9M | 0.02% |
25,191
-8,018
| -24% | -$1.44M |
|
425
Privia Health
PRVA
$2.87B
| $4.89M | 0.02% |
237,948
+27,934
| +13% | +$630K |
|
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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.