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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.28B |
| 2 |
Oracle
ORCL
|
+$349M |
| 3 |
NVIDIA
NVDA
|
+$252M |
| 4 |
Micron Technology
MU
|
+$204M |
| 5 |
Amazon
AMZN
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$304M |
| 2 |
Uber
UBER
|
+$208M |
| 3 |
FISV
Fiserv Inc
FISV
|
+$205M |
| 4 |
Meta Platforms (Facebook)
META
|
+$129M |
| 5 |
Wells Fargo
WFC
|
+$121M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.43% |
| 2 | Financials | 11.06% |
| 3 | Consumer Discretionary | 8.45% |
| 4 | Healthcare | 6.54% |
| 5 | Industrials | 6.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CFLT
401
DELISTED
Confluent
CFLT
| $8.42M | 0.03% |
+278,507
| New | +$6.84M |
|
402
Stride
LRN
$3.43B
| $8.38M | 0.03% |
128,989
+89,451
| +226% | +$8.12M |
|
403
Adient
ADNT
$1.5B
| $8.23M | 0.03% |
429,280
-3,163
| -0.7% | -$66.5K |
|
404
Amer Sports
AS
$21.4B
| $8.19M | 0.03% |
219,228
+135,848
| +163% | +$4.66M |
|
405
Flowserve
FLS
$10.2B
| $8.08M | 0.03% |
+116,496
| New | +$7.49M |
|
406
Cloudflare
NET
$107B
| $8.06M | 0.03% |
40,897
+25,882
| +172% | +$5.47M |
|
407
Toro Company
TTC
$9.49B
| $8.04M | 0.03% |
102,156
+82,175
| +411% | +$6.07M |
|
408
NorthWestern Energy
NWE
$4.43B
| $7.99M | 0.03% |
123,781
-140,360
| -53% | -$8.89M |
|
409
Brinker International
EAT
$9.66B
| $7.98M | 0.03% |
55,603
+40,585
| +270% | +$5.32M |
|
410
Procore
PCOR
$8.67B
| $7.96M | 0.03% |
109,400
+64,945
| +146% | +$4.8M |
|
411
Kratos Defense & Security Solutions
KTOS
$11.4B
| $7.93M | 0.03% |
104,518
+41,897
| +67% | +$3.43M |
|
412
ResMed
RMD
$30.7B
| $7.93M | 0.03% |
32,924
+942
| +3% | +$241K |
|
413
Evergy
EVRG
$19.2B
| $7.89M | 0.03% |
+108,819
| New | +$8.26M |
|
414
Vulcan Materials
VMC
$36.9B
| $7.77M | 0.03% |
27,259
+18,728
| +220% | +$5.49M |
|
415
O'Reilly Automotive
ORLY
$76.3B
| $7.74M | 0.03% |
84,841
+52,323
| +161% | +$5.11M |
|
416
Edison International
EIX
$26.4B
| $7.7M | 0.03% |
+128,269
| New | +$7.36M |
|
417
Ingredion
INGR
$6.58B
| $7.68M | 0.03% |
69,611
+38,481
| +124% | +$4.34M |
|
418
Lumentum
LITE
$69.3B
| $7.66M | 0.03% |
20,770
+12,219
| +143% | +$3.14M |
|
419
Intercontinental Exchange
ICE
$84.4B
| $7.62M | 0.03% |
47,051
+26,228
| +126% | +$4.11M |
|
420
Academy Sports + Outdoors
ASO
$2.98B
| $7.47M | 0.03% |
149,435
-116,687
| -44% | -$5.79M |
|
421
Harley-Davidson
HOG
$2.71B
| $7.46M | 0.03% |
364,166
+279,935
| +332% | +$6.88M |
|
422
Phillips 66
PSX
$81.4B
| $7.42M | 0.03% |
57,517
+30,194
| +111% | +$4.06M |
|
423
TransDigm Group
TDG
$67.7B
| $7.39M | 0.03% |
+5,560
| New | +$7.29M |
|
|
P
424
Everpure Inc
P
$29.9B
| $7.39M | 0.03% |
110,266
+39,096
| +55% | +$3.27M |
|
425
Crown Holdings
CCK
$13.1B
| $7.39M | 0.03% |
71,721
+5,373
| +8% | +$524K |
|
Similar funds
Ray Dalio's Q4 2025 Portfolio in Review
As of Q4 2025, Ray Dalio held 1,205 positions worth $27.4B, up 7.4% from $25.5B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Ray Dalio deployed $1.36B of net new capital in Q4 2025, opening 191 new positions and adding to 450 existing holdings. Its largest new stake was Arm: 326,320 shares worth $35.7M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $304M trimmed.
- Ray Dalio's largest Q4 2025 buy was Arm: 326,320 shares worth $35.7M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q4 2025, an estimated $1.28B increase.
- Ray Dalio's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $304M.
- Ray Dalio fully exited Fiserv Inc in Q4 2025, selling an estimated $205M.
- Ray Dalio's ten largest holdings make up 36% of its $27.4B portfolio in Q4 2025.
- Ray Dalio opened 191 new positions and closed 165 in Q4 2025.
- Ray Dalio's portfolio value rose 7.4% quarter-over-quarter to $27.4B.
Based on Bridgewater Associates's 13F filing for Q4 2025, filed 13 Feb 2026.