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 | |
|---|---|---|---|---|---|---|
501
Teleflex
TFX
$5.98B
| $625K | ﹤0.01% |
5,279
+3,263
| +162% | +$412K |
|
502
CAE Inc. Common Shares
CAE
$8.74B
| $602K | ﹤0.01% |
+20,577
| New | +$519K |
|
503
Popular Inc
BPOP
$11.1B
| $601K | ﹤0.01% |
5,449
-9,073
| -62% | -$896K |
|
504
Zimmer Biomet
ZBH
$18.4B
| $598K | ﹤0.01% |
6,561
-1,960
| -23% | -$190K |
|
505
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $591K | ﹤0.01% |
7,334
| – | – |
|
506
Performance Food Group
PFGC
$18B
| $577K | ﹤0.01% |
6,596
-687
| -9% | -$57.2K |
|
507
KB Home
KBH
$3.59B
| $573K | ﹤0.01% |
10,813
-107,470
| -91% | -$5.72M |
|
508
Royal Bank of Canada
RY
$293B
| $557K | ﹤0.01% |
4,233
-96,371
| -96% | -$11.8M |
|
509
McCormick & Company Non-Voting
MKC
$14.2B
| $556K | ﹤0.01% |
7,336
+989
| +16% | +$74.1K |
|
510
Brown-Forman Class B
BF.B
$13.1B
| $545K | ﹤0.01% |
20,264
-5,137
| -20% | -$165K |
|
511
Wingstop
WING
$3.18B
| $532K | ﹤0.01% |
1,581
-525
| -25% | -$155K |
|
512
Prologis
PLD
$133B
| $527K | ﹤0.01% |
5,014
-2,531
| -34% | -$265K |
|
513
CAVA Group
CAVA
$7.27B
| $526K | ﹤0.01% |
6,248
-1,683
| -21% | -$144K |
|
514
Brady Corp
BRC
$4.57B
| $516K | ﹤0.01% |
7,597
-8,043
| -51% | -$560K |
|
|
EU
515
enCore Energy
EU
$243M
| $515K | ﹤0.01% |
180,171
-99,083
| -35% | -$178K |
|
516
Baxter International
BAX
$14.2B
| $513K | ﹤0.01% |
16,940
-4,794
| -22% | -$145K |
|
517
Unilever
UL
$136B
| $512K | ﹤0.01% |
7,442
-10,210
| -58% | -$716K |
|
518
Hormel Foods
HRL
$13.8B
| $498K | ﹤0.01% |
16,450
-5,271
| -24% | -$159K |
|
519
Signet Jewelers
SIG
$3.76B
| $492K | ﹤0.01% |
6,184
-24,802
| -80% | -$1.65M |
|
520
KKR & Co
KKR
$92.3B
| $482K | ﹤0.01% |
3,624
-830
| -19% | -$97.2K |
|
521
Snap-on
SNA
$21.5B
| $477K | ﹤0.01% |
1,534
-45,479
| -97% | -$14.5M |
|
|
HOLX
522
DELISTED
Hologic
HOLX
| $477K | ﹤0.01% |
7,314
-24,557
| -77% | -$1.47M |
|
|
PCH
523
DELISTED
PotlatchDeltic
PCH
| $476K | ﹤0.01% |
12,415
-140,221
| -92% | -$5.51M |
|
524
Conagra Brands
CAG
$7.23B
| $473K | ﹤0.01% |
23,094
-925
| -4% | -$21.7K |
|
525
Cooper Companies
COO
$14.5B
| $464K | ﹤0.01% |
6,516
-1,979
| -23% | -$152K |
|
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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.