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
|
+$1.28B |
| 2 |
Oracle
ORCL
|
+$349M |
| 3 |
NVIDIA
NVDA
|
+$252M |
| 4 |
Micron Technology
MU
|
+$204M |
| 5 |
Amazon
AMZN
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$304M |
| 2 |
Uber
UBER
|
+$208M |
| 3 |
FISV
Fiserv Inc
FISV
|
+$205M |
| 4 |
Meta Platforms (Facebook)
META
|
+$129M |
| 5 |
Wells Fargo
WFC
|
+$121M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.43% |
| 2 | Financials | 11.06% |
| 3 | Consumer Discretionary | 8.45% |
| 4 | Healthcare | 6.54% |
| 5 | Industrials | 6.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
USAR
651
USA Rare Earth Inc
USAR
$4.73B
| $3.25M | 0.01% |
+273,005
| New | +$5.2M |
|
652
AbbVie
ABBV
$435B
| $3.25M | 0.01% |
14,209
-246,480
| -95% | -$56.1M |
|
653
Coca-Cola Consolidated
COKE
$12.8B
| $3.2M | 0.01% |
20,856
-5,436
| -21% | -$797K |
|
654
Tractor Supply
TSCO
$18B
| $3.19M | 0.01% |
63,729
+30,911
| +94% | +$1.66M |
|
655
CNX Resources
CNX
$5.2B
| $3.16M | 0.01% |
85,936
-13,330
| -13% | -$477K |
|
656
Liberty Broadband Class C
LBRDK
$5.15B
| $3.16M | 0.01% |
64,971
+27,577
| +74% | +$1.43M |
|
657
MP Materials
MP
$9.1B
| $3.16M | 0.01% |
62,458
+1,350
| +2% | +$85.6K |
|
658
ON Semiconductor
ON
$31.6B
| $3.14M | 0.01% |
+58,010
| New | +$2.98M |
|
659
Qualys
QLYS
$6.35B
| $3.14M | 0.01% |
23,606
+8,686
| +58% | +$1.2M |
|
660
IQVIA
IQV
$39.3B
| $3.1M | 0.01% |
+13,765
| New | +$2.99M |
|
661
Gildan
GIL
$10.6B
| $3.09M | 0.01% |
49,489
+45,270
| +1,073% | +$2.69M |
|
662
Fulton Financial
FULT
$4.64B
| $3.09M | 0.01% |
159,764
-149,533
| -48% | -$2.75M |
|
663
Yeti Holdings
YETI
$3.95B
| $3.06M | 0.01% |
+69,305
| New | +$2.67M |
|
664
Axalta
AXTA
$8.17B
| $3.06M | 0.01% |
94,648
-43,041
| -31% | -$1.26M |
|
665
Southern Company
SO
$107B
| $3.05M | 0.01% |
+34,969
| New | +$3.19M |
|
666
Rocket Lab Corp
RKLB
$51.8B
| $3.03M | 0.01% |
43,496
-133,838
| -75% | -$7.67M |
|
667
Kontoor Brands
KTB
$4.26B
| $3.03M | 0.01% |
49,557
-11,386
| -19% | -$845K |
|
|
HOUS
668
DELISTED
Anywhere Real Estate
HOUS
| $3.03M | 0.01% |
213,691
+139,848
| +189% | +$1.71M |
|
669
Amkor Technology
AMKR
$13.7B
| $3.01M | 0.01% |
+76,139
| New | +$2.71M |
|
|
MCW
670
DELISTED
Mister Car Wash
MCW
| $3M | 0.01% |
+540,183
| New | +$2.84M |
|
671
BILL Holdings
BILL
$4.78B
| $3M | 0.01% |
54,941
+49,403
| +892% | +$2.54M |
|
672
AES
AES
$10.5B
| $2.99M | 0.01% |
+208,494
| New | +$2.94M |
|
673
Factset
FDS
$10.2B
| $2.98M | 0.01% |
10,274
+2,838
| +38% | +$797K |
|
674
Qorvo
QRVO
$8.74B
| $2.95M | 0.01% |
34,936
-109,584
| -76% | -$9.67M |
|
675
Chemours
CC
$2.37B
| $2.94M | 0.01% |
249,182
-20,429
| -8% | -$262K |
|
Similar funds
Ray Dalio's Q4 2025 Portfolio in Review
As of Q4 2025, Ray Dalio held 1,205 positions worth $27.4B, up 7.4% from $25.5B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Ray Dalio deployed $1.36B of net new capital in Q4 2025, opening 191 new positions and adding to 450 existing holdings. Its largest new stake was Arm: 326,320 shares worth $35.7M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $304M trimmed.
- Ray Dalio's largest Q4 2025 buy was Arm: 326,320 shares worth $35.7M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q4 2025, an estimated $1.28B increase.
- Ray Dalio's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $304M.
- Ray Dalio fully exited Fiserv Inc in Q4 2025, selling an estimated $205M.
- Ray Dalio's ten largest holdings make up 36% of its $27.4B portfolio in Q4 2025.
- Ray Dalio opened 191 new positions and closed 165 in Q4 2025.
- Ray Dalio's portfolio value rose 7.4% quarter-over-quarter to $27.4B.
Based on Bridgewater Associates's 13F filing for Q4 2025, filed 13 Feb 2026.