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 | |
|---|---|---|---|---|---|---|
651
Denison Mines
DNN
$2.91B
| $2.06M | 0.01% |
582,607
-886,863
| -60% | -$3.33M |
|
652
WIX.com
WIX
$2.52B
| $2.05M | 0.01% |
22,800
-20,688
| -48% | -$1.73M |
|
653
Madrigal Pharmaceuticals
MDGL
$11.8B
| $2.05M | 0.01% |
3,920
-15,298
| -80% | -$7.31M |
|
654
Northern Trust
NTRS
$33.9B
| $2.05M | 0.01% |
14,655
+3,750
| +34% | +$540K |
|
655
Huntington Ingalls Industries
HII
$12.8B
| $2.04M | 0.01% |
5,363
-14,647
| -73% | -$6.03M |
|
656
Kenon Holdings
KEN
$3.45B
| $2.02M | 0.01% |
24,555
+15,509
| +171% | +$1.2M |
|
657
Ingersoll Rand
IR
$33.7B
| $2.02M | 0.01% |
25,184
-28,963
| -53% | -$2.56M |
|
658
Euronet Worldwide
EEFT
$2.7B
| $2M | 0.01% |
30,112
-184,051
| -86% | -$13.2M |
|
659
Radian Group
RDN
$4.93B
| $2M | 0.01% |
60,352
-3,297
| -5% | -$111K |
|
660
Albertsons Companies
ACI
$5.83B
| $1.99M | 0.01% |
116,663
-287,919
| -71% | -$5M |
|
661
Sportradar
SRAD
$3.85B
| $1.99M | 0.01% |
118,737
+84,740
| +249% | +$1.58M |
|
662
Keurig Dr Pepper
KDP
$40.8B
| $1.98M | 0.01% |
75,351
-133,618
| -64% | -$3.75M |
|
663
Mastercard
MA
$493B
| $1.96M | 0.01% |
3,930
-405,277
| -99% | -$213M |
|
664
Assurant
AIZ
$14.3B
| $1.95M | 0.01% |
8,966
-44,775
| -83% | -$10.2M |
|
665
Cintas
CTAS
$81.3B
| $1.94M | 0.01% |
+11,466
| New | +$2.2M |
|
666
Envista
NVST
$4.52B
| $1.94M | 0.01% |
76,437
-47,660
| -38% | -$1.24M |
|
667
Chemed
CHE
$7.22B
| $1.91M | 0.01% |
5,062
-6,217
| -55% | -$2.66M |
|
668
CarGurus
CARG
$3.47B
| $1.89M | 0.01% |
55,634
-79,608
| -59% | -$2.61M |
|
669
Microchip Technology
MCHP
$46B
| $1.87M | 0.01% |
28,941
+19,681
| +213% | +$1.42M |
|
670
Hilton Worldwide
HLT
$71.5B
| $1.87M | 0.01% |
6,135
-37,255
| -86% | -$11.3M |
|
671
Kimberly-Clark
KMB
$36.5B
| $1.86M | 0.01% |
19,318
-1,575
| -8% | -$161K |
|
672
Ares Management
ARES
$30.9B
| $1.86M | 0.01% |
17,067
+3,190
| +23% | +$423K |
|
673
FMC
FMC
$1.33B
| $1.84M | 0.01% |
106,605
-95,193
| -47% | -$1.42M |
|
674
Cedar Fair
FUN
$1.67B
| $1.83M | 0.01% |
102,954
-77,336
| -43% | -$1.31M |
|
675
Fastly Inc
FSLY
$3.66B
| $1.82M | 0.01% |
+62,767
| New | +$1.03M |
|
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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.