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 | |
|---|---|---|---|---|---|---|
476
Hubbell
HUBB
$27.2B
| $4.04M | 0.02% |
8,232
-3,592
| -30% | -$1.76M |
|
477
First Solar
FSLR
$26.9B
| $4.01M | 0.02% |
20,321
-24,626
| -55% | -$5.45M |
|
|
NB
478
NioCorp Developments
NB
$780M
| $3.94M | 0.02% |
882,745
+236,856
| +37% | +$1.36M |
|
479
Markel Group
MKL
$23.2B
| $3.93M | 0.02% |
2,053
+37
| +2% | +$75.1K |
|
480
Kinder Morgan
KMI
$68.7B
| $3.9M | 0.02% |
116,243
+34,730
| +43% | +$1.09M |
|
481
La-Z-Boy
LZB
$1.69B
| $3.89M | 0.02% |
+121,023
| New | +$4.37M |
|
482
Pentair
PNR
$11B
| $3.87M | 0.02% |
44,482
+32,993
| +287% | +$3.23M |
|
483
Alcoa
AA
$13.2B
| $3.81M | 0.02% |
+57,371
| New | +$3.52M |
|
484
Moderna
MRNA
$23.6B
| $3.8M | 0.02% |
74,822
+59,641
| +393% | +$2.78M |
|
485
ScottsMiracle-Gro
SMG
$3.66B
| $3.79M | 0.02% |
62,401
+4,781
| +8% | +$309K |
|
486
Alaska Air
ALK
$5.58B
| $3.75M | 0.02% |
101,832
-171,029
| -63% | -$8.24M |
|
487
Old Republic International
ORI
$10.4B
| $3.74M | 0.02% |
93,812
-210,129
| -69% | -$8.64M |
|
488
Group 1 Automotive
GPI
$3.18B
| $3.72M | 0.02% |
11,244
-7,511
| -40% | -$2.62M |
|
489
Remitly
RELY
$5.14B
| $3.68M | 0.02% |
234,719
-426,397
| -64% | -$6.31M |
|
490
Flex
FLEX
$44.8B
| $3.67M | 0.02% |
56,100
-168,867
| -75% | -$10.8M |
|
491
Viasat
VSAT
$11.1B
| $3.66M | 0.02% |
79,830
-42,092
| -35% | -$1.89M |
|
492
Eastman Chemical
EMN
$8.42B
| $3.65M | 0.02% |
47,780
-54,291
| -53% | -$3.91M |
|
493
Sherwin-Williams
SHW
$89.8B
| $3.64M | 0.02% |
11,364
-7,755
| -41% | -$2.67M |
|
494
John Wiley & Sons Class A
WLY
$2.66B
| $3.64M | 0.02% |
95,586
+78,604
| +463% | +$2.55M |
|
495
Bausch Health
BHC
$2.34B
| $3.62M | 0.02% |
670,366
+180,925
| +37% | +$1.08M |
|
496
Ameriprise Financial
AMP
$48.8B
| $3.62M | 0.02% |
8,138
-66,369
| -89% | -$32M |
|
497
Warby Parker
WRBY
$3.27B
| $3.61M | 0.02% |
+171,520
| New | +$4.25M |
|
498
Organon & Co
OGN
$3.57B
| $3.56M | 0.02% |
594,483
-314,742
| -35% | -$2.37M |
|
499
OR Royalties Inc
OR
$6.2B
| $3.56M | 0.02% |
+93,525
| New | +$3.84M |
|
500
Tenet Healthcare
THC
$21.1B
| $3.54M | 0.02% |
18,761
-10,576
| -36% | -$2.23M |
|
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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.