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
|
+$693M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$235M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$200M |
| 4 |
Petrobras
PBR
|
+$105M |
| 5 |
Shell
SHEL
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.02B |
| 2 |
Amazon
AMZN
|
+$593M |
| 3 |
TSMC
TSM
|
+$423M |
| 4 |
Marvell Technology
MRVL
|
+$354M |
| 5 |
GE Vernova
GEV
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.62% |
| 2 | Technology | 21.23% |
| 3 | Industrials | 7.72% |
| 4 | Financials | 6.76% |
| 5 | Healthcare | 6.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
476
Viking Holdings
VIK
$37.5B
| $5.28M | 0.02% |
50,400
-54,785
| -52% | -$4.74M |
2025 Q3
3 quarters
|
|
477
Emerson Electric
EMR
$89.5B
| $5.23M | 0.02% |
36,541
-97,432
| -73% | -$13.7M |
2026 Q1
1 quarter
|
|
478
Aon
AON
$61.5B
| $5.2M | 0.02% |
15,663
-4,556
| -23% | -$1.47M |
2025 Q3
3 quarters
|
|
479
Raymond James Financial
RJF
$29.5B
| $5.18M | 0.02% |
34,074
+4,260
| +14% | +$647K |
2025 Q3
3 quarters
|
|
480
Pegasystems
PEGA
$5.76B
| $5.07M | 0.02% |
169,146
-7,557
| -4% | -$270K |
2025 Q2
4 quarters
|
|
481
IQVIA
IQV
$43.8B
| $5.06M | 0.02% |
26,210
-20,909
| -44% | -$3.65M |
2025 Q4
2 quarters
|
|
482
Corcept Therapeutics
CORT
$12.1B
| $5.01M | 0.02% |
57,602
+19,180
| +50% | +$1.16M |
2025 Q3
3 quarters
|
|
483
Flywire
FLYW
$2.24B
| $5M | 0.02% |
+284,851
| New | +$4.21M |
2026 Q2
0 quarters
|
|
484
Dana Inc
DAN
$3.09B
| $5M | 0.02% |
183,764
+157,464
| +599% | +$5.37M |
2026 Q1
1 quarter
|
|
485
RTX Corp
RTX
$259B
| $4.97M | 0.02% |
+26,182
| New | +$4.8M |
2026 Q2
0 quarters
|
|
486
Henry Schein
HSIC
$9.36B
| $4.93M | 0.02% |
58,993
+26,895
| +84% | +$2.06M |
2020 Q1
25 quarters
|
|
487
BioCryst Pharmaceuticals
BCRX
$2.06B
| $4.91M | 0.02% |
491,057
-146,997
| -23% | -$1.33M |
2025 Q3
3 quarters
|
|
488
Broadridge
BR
$19.8B
| $4.9M | 0.02% |
+35,752
| New | +$5.4M |
2026 Q2
0 quarters
|
|
489
Danaher
DHR
$158B
| $4.89M | 0.02% |
25,684
+335
| +1% | +$60.8K |
2025 Q4
2 quarters
|
|
490
Intercontinental Exchange
ICE
$88.9B
| $4.79M | 0.02% |
+38,886
| New | +$5.84M |
2026 Q2
0 quarters
|
|
491
Watts Water Technologies
WTS
$11.9B
| $4.79M | 0.02% |
12,227
+1,484
| +14% | +$463K |
2025 Q3
3 quarters
|
|
492
Walt Disney
DIS
$189B
| $4.75M | 0.02% |
49,331
+25,471
| +107% | +$2.6M |
2026 Q1
1 quarter
|
|
493
Warrior Met Coal
HCC
$4.49B
| $4.74M | 0.02% |
58,463
+6,939
| +13% | +$627K |
2024 Q2
8 quarters
|
|
494
Textron
TXT
$13.1B
| $4.63M | 0.02% |
50,477
+46,372
| +1,130% | +$4.21M |
2025 Q3
3 quarters
|
|
495
Builders FirstSource
BLDR
$5.7B
| $4.59M | 0.02% |
51,283
+47,221
| +1,163% | +$3.77M |
2026 Q1
1 quarter
|
|
496
CNO Financial Group
CNO
$5B
| $4.54M | 0.02% |
89,137
-99,648
| -53% | -$4.63M |
2021 Q4
18 quarters
|
|
497
Intel
INTC
$486B
| $4.52M | 0.02% |
+32,371
| New | +$3.27M |
2026 Q2
0 quarters
|
|
498
Blackrock
BLK
$174B
| $4.5M | 0.02% |
+4,683
| New | +$4.84M |
2026 Q2
0 quarters
|
|
499
Haemonetics
HAE
$5.4B
| $4.48M | 0.02% |
59,733
+11,356
| +23% | +$729K |
2026 Q1
1 quarter
|
|
500
TXNM Energy Inc
TXNM
$6.44B
| $4.44M | 0.02% |
78,109
+3,190
| +4% | +$187K |
2026 Q1
1 quarter
|
|
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Ray Dalio's Q2 2026 Portfolio in Review
As of Q2 2026, Ray Dalio held 1,206 positions worth $24.4B, up 8.8% from $22.4B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Ray Dalio withdrew a net $3.05B in Q2 2026, closing 209 positions and reducing 379 holdings. Its most notable exit was Cisco, an estimated $63.8M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 31% of assets, up from 25% a quarter earlier, followed by Technology and Industrials.
Against the trend, Ray Dalio opened a new position in Eversource Energy worth $86.4M.
- Ray Dalio's largest Q2 2026 buy was Eversource Energy: 1,195,140 shares worth $86.4M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $693M increase.
- Ray Dalio's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $1.02B.
- Ray Dalio fully exited Cisco in Q2 2026, selling an estimated $63.8M.
- Ray Dalio's ten largest holdings make up 40% of its $24.4B portfolio in Q2 2026.
- Ray Dalio opened 213 new positions and closed 209 in Q2 2026.
- Ray Dalio's portfolio value rose 8.8% quarter-over-quarter to $24.4B.
Based on Bridgewater Associates's 13F filing for Q2 2026, filed 14 Aug 2026.