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 | |
|---|---|---|---|---|---|---|---|
626
Manhattan Associates
MANH
$13.6B
| $2.73M | 0.01% |
+19,575
| New | +$2.7M |
2026 Q2
0 quarters
|
|
627
Brixmor Property Group
BRX
$8.51B
| $2.7M | 0.01% |
85,756
-847
| -1% | -$25.9K |
2025 Q3
3 quarters
|
|
628
Revvity
RVTY
$17.4B
| $2.69M | 0.01% |
24,161
-12,903
| -35% | -$1.24M |
2026 Q1
1 quarter
|
|
629
TJX Companies
TJX
$162B
| $2.68M | 0.01% |
17,714
-32,882
| -65% | -$5.2M |
2025 Q4
2 quarters
|
|
630
OR Royalties Inc
OR
$6.51B
| $2.68M | 0.01% |
84,698
-8,827
| -9% | -$326K |
2026 Q1
1 quarter
|
|
631
Workday
WDAY
$49.2B
| $2.67M | 0.01% |
+21,774
| New | +$2.76M |
2026 Q2
0 quarters
|
|
632
Charles Schwab
SCHW
$157B
| $2.65M | 0.01% |
28,728
+6,134
| +27% | +$559K |
2025 Q3
3 quarters
|
|
633
StandardAero Inc
SARO
$7.09B
| $2.65M | 0.01% |
88,615
-72,074
| -45% | -$1.9M |
2025 Q2
4 quarters
|
|
634
US Foods
USFD
$22.3B
| $2.63M | 0.01% |
25,754
-32,605
| -56% | -$2.91M |
2024 Q2
8 quarters
|
|
635
Kinder Morgan
KMI
$74.8B
| $2.62M | 0.01% |
81,910
-34,333
| -30% | -$1.11M |
2025 Q3
3 quarters
|
|
636
Automatic Data Processing
ADP
$116B
| $2.6M | 0.01% |
+11,601
| New | +$2.48M |
2026 Q2
0 quarters
|
|
637
Lyft
LYFT
$6.53B
| $2.58M | 0.01% |
176,661
-245,009
| -58% | -$3.43M |
2026 Q1
1 quarter
|
|
638
UnitedHealth
UNH
$376B
| $2.58M | 0.01% |
+6,197
| New | +$2.3M |
2026 Q2
0 quarters
|
|
639
Corpay
CPAY
$26.8B
| $2.55M | 0.01% |
+7,655
| New | +$2.54M |
2026 Q2
0 quarters
|
|
640
Bruker
BRKR
$8.52B
| $2.55M | 0.01% |
+42,339
| New | +$1.98M |
2026 Q2
0 quarters
|
|
641
Yum! Brands
YUM
$41.4B
| $2.54M | 0.01% |
15,909
-152
| -0.9% | -$23.5K |
2026 Q1
1 quarter
|
|
642
DELISTED
Liberty Broadband Class C
LBRDK
| $2.53M | 0.01% |
76,036
+17,915
| +31% | +$698K |
2025 Q1
5 quarters
|
|
643
Chipotle Mexican Grill
CMG
$37.5B
| $2.51M | 0.01% |
73,870
-1,570
| -2% | -$51.3K |
2020 Q3
23 quarters
|
|
644
American States Water
AWR
$3.3B
| $2.5M | 0.01% |
30,311
-38
| -0.1% | -$2.95K |
2025 Q3
3 quarters
|
|
645
Dropbox
DBX
$7.91B
| $2.5M | 0.01% |
+91,134
| New | +$2.34M |
2026 Q2
0 quarters
|
|
646
Ollie's Bargain Outlet
OLLI
$5.5B
| $2.49M | 0.01% |
+32,453
| New | +$2.71M |
2026 Q2
0 quarters
|
|
647
Domino's
DPZ
$10.4B
| $2.49M | 0.01% |
8,398
-3,015
| -26% | -$992K |
2026 Q1
1 quarter
|
|
648
Semtech
SMTC
$12.7B
| $2.48M | 0.01% |
15,294
-61,641
| -80% | -$8.06M |
2026 Q1
1 quarter
|
|
649
Paycom
PAYC
$11.8B
| $2.47M | 0.01% |
+19,691
| New | +$2.57M |
2026 Q2
0 quarters
|
|
650
TransDigm Group
TDG
$63.2B
| $2.47M | 0.01% |
1,855
-468
| -20% | -$575K |
2025 Q4
2 quarters
|
|
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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.