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 | |
|---|---|---|---|---|---|---|---|
676
Option Care Health
OPCH
$4.68B
| $2.31M | 0.01% |
+110,288
| New | +$2.56M |
2026 Q2
0 quarters
|
|
677
Diodes
DIOD
$3.94B
| $2.3M | 0.01% |
21,054
+486
| +2% | +$49.3K |
2026 Q1
1 quarter
|
|
678
Fortune Brands Innovations
FBIN
$4.85B
| $2.29M | 0.01% |
+41,706
| New | +$1.67M |
2026 Q2
0 quarters
|
|
679
A.O. Smith
AOS
$8.05B
| $2.29M | 0.01% |
+36,505
| New | +$2.21M |
2026 Q2
0 quarters
|
|
680
CubeSmart
CUBE
$8.86B
| $2.28M | 0.01% |
57,421
-54,257
| -49% | -$2.16M |
2025 Q2
4 quarters
|
|
681
3M
MMM
$88.5B
| $2.28M | 0.01% |
14,060
+3,688
| +36% | +$559K |
2026 Q1
1 quarter
|
|
682
Conagra Brands
CAG
$6.88B
| $2.27M | 0.01% |
168,808
+141,403
| +516% | +$1.97M |
2024 Q3
7 quarters
|
|
683
Balchem Corp
BCPC
$5.47B
| $2.27M | 0.01% |
13,417
-3,896
| -23% | -$647K |
2025 Q4
2 quarters
|
|
684
Gartner
IT
$13.8B
| $2.26M | 0.01% |
+17,444
| New | +$2.63M |
2026 Q2
0 quarters
|
|
685
LATAM Airlines Group S.A.
LTM
$13.8B
| $2.24M | 0.01% |
38,396
-6,435
| -14% | -$331K |
2025 Q3
3 quarters
|
|
686
BP
BP
$127B
| $2.24M | 0.01% |
60,495
+35,556
| +143% | +$1.56M |
2023 Q4
10 quarters
|
|
687
National Vision
EYE
$1.42B
| $2.22M | 0.01% |
116,907
+90,390
| +341% | +$1.84M |
2025 Q3
3 quarters
|
|
688
Illumina
ILMN
$40.7B
| $2.21M | 0.01% |
12,586
-165
| -1% | -$24.2K |
2026 Q1
1 quarter
|
|
689
Olin
OLN
$1.7B
| $2.21M | 0.01% |
111,412
-67,155
| -38% | -$1.76M |
2025 Q3
3 quarters
|
|
690
TeraWulf
WULF
$6.07B
| $2.2M | 0.01% |
89,081
-104,512
| -54% | -$2.4M |
2026 Q1
1 quarter
|
|
691
Entegris
ENTG
$22.4B
| $2.2M | 0.01% |
12,226
-49,083
| -80% | -$7.08M |
2026 Q1
1 quarter
|
|
692
M/I Homes
MHO
$3.12B
| $2.2M | 0.01% |
+13,676
| New | +$1.83M |
2026 Q2
0 quarters
|
|
693
Prestige Consumer Healthcare
PBH
$2.34B
| $2.19M | 0.01% |
+46,407
| New | +$2.38M |
2026 Q2
0 quarters
|
|
694
Pultegroup
PHM
$21.7B
| $2.19M | 0.01% |
15,969
-8,797
| -36% | -$1.07M |
2021 Q1
21 quarters
|
|
695
UFP Industries
UFPI
$4.36B
| $2.19M | 0.01% |
24,095
-22,889
| -49% | -$1.99M |
2026 Q1
1 quarter
|
|
696
Ford
F
$48.1B
| $2.17M | 0.01% |
155,958
-106,355
| -41% | -$1.43M |
2025 Q4
2 quarters
|
|
697
Willis Towers Watson
WTW
$29.4B
| $2.15M | 0.01% |
8,236
-14,058
| -63% | -$3.76M |
2020 Q4
22 quarters
|
|
698
Houlihan Lokey
HLI
$9.13B
| $2.15M | 0.01% |
16,007
-4,542
| -22% | -$670K |
2025 Q4
2 quarters
|
|
699
Covista Inc
CVSA
$4.38B
| $2.14M | 0.01% |
17,151
+2,404
| +16% | +$290K |
2021 Q2
20 quarters
|
|
700
AtriCure
ATRC
$2.96B
| $2.14M | 0.01% |
76,307
+42,790
| +128% | +$1.2M |
2026 Q1
1 quarter
|
|
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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.