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 | |
|---|---|---|---|---|---|---|
601
B2Gold
BTG
$6.64B
| $2.5M | 0.01% |
552,901
+488,128
| +754% | +$2.45M |
|
602
Booz Allen Hamilton
BAH
$9.15B
| $2.5M | 0.01% |
32,064
-7,900
| -20% | -$666K |
|
603
Yum! Brands
YUM
$41.1B
| $2.5M | 0.01% |
+16,061
| New | +$2.54M |
|
604
Brixmor Property Group
BRX
$9.32B
| $2.49M | 0.01% |
86,603
-4,495
| -5% | -$127K |
|
605
Helmerich & Payne
HP
$3.71B
| $2.49M | 0.01% |
+69,072
| New | +$2.36M |
|
606
FirstCash
FCFS
$8.78B
| $2.47M | 0.01% |
13,118
-8,460
| -39% | -$1.53M |
|
607
Steris
STE
$23.1B
| $2.46M | 0.01% |
11,135
+7,774
| +231% | +$1.9M |
|
608
CF Industries
CF
$17.3B
| $2.45M | 0.01% |
18,904
-11,230
| -37% | -$1.15M |
|
609
Boot Barn
BOOT
$4.95B
| $2.44M | 0.01% |
16,690
+8,649
| +108% | +$1.57M |
|
610
Morgan Stanley
MS
$340B
| $2.43M | 0.01% |
14,762
+1,479
| +11% | +$256K |
|
611
Ralph Lauren
RL
$23.6B
| $2.42M | 0.01% |
7,021
-24,298
| -78% | -$8.64M |
|
612
Chipotle Mexican Grill
CMG
$41.5B
| $2.41M | 0.01% |
75,440
-175,247
| -70% | -$6.48M |
|
613
Matsons
MATX
$6.18B
| $2.4M | 0.01% |
+14,633
| New | +$2.28M |
|
614
Arcosa
ACA
$7.11B
| $2.4M | 0.01% |
22,588
-376
| -2% | -$42.8K |
|
615
Murphy USA
MUSA
$9.61B
| $2.38M | 0.01% |
4,822
-5,194
| -52% | -$2.22M |
|
616
MACOM Technology Solutions
MTSI
$23.7B
| $2.38M | 0.01% |
10,723
-6,399
| -37% | -$1.43M |
|
|
KRMN
617
Karman Holdings
KRMN
$7.72B
| $2.37M | 0.01% |
+29,651
| New | +$2.86M |
|
618
Henry Schein
HSIC
$9.82B
| $2.37M | 0.01% |
32,098
+24,685
| +333% | +$1.91M |
|
619
Paylocity
PCTY
$7.98B
| $2.35M | 0.01% |
21,795
-16,417
| -43% | -$2.01M |
|
620
SPX Corp
SPXC
$10.8B
| $2.35M | 0.01% |
+11,736
| New | +$2.52M |
|
621
SS&C Technologies
SSNC
$18.6B
| $2.34M | 0.01% |
+34,704
| New | +$2.67M |
|
622
Lincoln Electric
LECO
$15.4B
| $2.32M | 0.01% |
9,326
-26,643
| -74% | -$7.13M |
|
623
Viking Therapeutics
VKTX
$4B
| $2.32M | 0.01% |
71,229
-32,430
| -31% | -$1.04M |
|
624
Lennox International
LII
$15.2B
| $2.31M | 0.01% |
4,980
-10,208
| -67% | -$5.26M |
|
625
United Natural Foods
UNFI
$2.85B
| $2.31M | 0.01% |
51,268
+28,391
| +124% | +$1.09M |
|
Similar funds
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.