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 | |
|---|---|---|---|---|---|---|---|
726
SPS Commerce
SPSC
$3.17B
| $1.87M | 0.01% |
+32,794
| New | +$1.81M |
2026 Q2
0 quarters
|
|
727
Acadia Healthcare
ACHC
$2.92B
| $1.87M | 0.01% |
+63,439
| New | +$1.63M |
2026 Q2
0 quarters
|
|
728
Ball Corp
BALL
$16.8B
| $1.87M | 0.01% |
+30,004
| New | +$1.76M |
2026 Q2
0 quarters
|
|
729
Lattice Semiconductor
LSCC
$15.4B
| $1.87M | 0.01% |
+12,200
| New | +$1.57M |
2026 Q2
0 quarters
|
|
730
CDW
CDW
$19.5B
| $1.85M | 0.01% |
13,149
-14,695
| -53% | -$1.85M |
2026 Q1
1 quarter
|
|
731
Qnity Electronics Inc
Q
$24.9B
| $1.83M | 0.01% |
11,219
+119
| +1% | +$17.5K |
2025 Q4
2 quarters
|
|
732
Teradata
TDC
$3.01B
| $1.83M | 0.01% |
52,768
-112,550
| -68% | -$3.42M |
2025 Q2
4 quarters
|
|
733
Goodyear
GT
$1.22B
| $1.83M | 0.01% |
277,017
+199,832
| +259% | +$1.29M |
2026 Q1
1 quarter
|
|
734
GPGI Inc
GPGI
$3.78B
| $1.82M | 0.01% |
+115,013
| New | +$1.65M |
2026 Q2
0 quarters
|
|
735
argenx
ARGX
$55.2B
| $1.82M | 0.01% |
1,958
+744
| +61% | +$614K |
2026 Q1
1 quarter
|
|
736
FTAI Aviation
FTAI
$16.3B
| $1.82M | 0.01% |
+6,713
| New | +$1.69M |
2026 Q2
0 quarters
|
|
737
Extreme Networks
EXTR
$2.93B
| $1.79M | 0.01% |
55,342
+35,830
| +184% | +$864K |
2026 Q1
1 quarter
|
|
738
Snowflake
SNOW
$114B
| $1.79M | 0.01% |
7,020
| – | – |
2023 Q2
12 quarters
|
|
739
Texas Roadhouse
TXRH
$11.1B
| $1.78M | 0.01% |
9,201
+5,403
| +142% | +$920K |
2020 Q3
23 quarters
|
|
740
Gentex
GNTX
$4.46B
| $1.76M | 0.01% |
69,556
+57,918
| +498% | +$1.37M |
2021 Q1
21 quarters
|
|
741
Wolfspeed
WOLF
$1.27B
| $1.76M | 0.01% |
+36,406
| New | +$1.58M |
2026 Q2
0 quarters
|
|
742
Arm
ARM
$238B
| $1.75M | 0.01% |
4,924
-588,437
| -99% | -$156M |
2025 Q4
2 quarters
|
|
743
Axalta
AXTA
$7.18B
| $1.74M | 0.01% |
50,914
-60,380
| -54% | -$1.82M |
2025 Q3
3 quarters
|
|
744
Piper Sandler
PIPR
$4.53B
| $1.74M | 0.01% |
24,018
-39,406
| -62% | -$3.2M |
2025 Q4
2 quarters
|
|
745
BGC Group
BGC
$5.38B
| $1.73M | 0.01% |
+162,293
| New | +$1.82M |
2026 Q2
0 quarters
|
|
746
Dillards
DDS
$10.4B
| $1.73M | 0.01% |
+3,275
| New | +$1.89M |
2026 Q2
0 quarters
|
|
747
First Interstate BancSystem
FIBK
$3.38B
| $1.73M | 0.01% |
+44,810
| New | +$1.59M |
2026 Q2
0 quarters
|
|
748
Principal Financial Group
PFG
$22.9B
| $1.73M | 0.01% |
16,012
-204,910
| -93% | -$20.8M |
2023 Q2
12 quarters
|
|
749
MDU Resources
MDU
$4.01B
| $1.71M | 0.01% |
80,657
+28,031
| +53% | +$610K |
2026 Q1
1 quarter
|
|
750
United Natural Foods
UNFI
$2.79B
| $1.71M | 0.01% |
37,418
-13,850
| -27% | -$686K |
2025 Q3
3 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.