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 | |
|---|---|---|---|---|---|---|
801
Sabesp
SBS
$18.7B
| $911K | ﹤0.01% |
+149,260
| New | +$820K |
|
802
Patterson-UTI
PTEN
$3.76B
| $910K | ﹤0.01% |
84,053
-180,210
| -68% | -$1.54M |
|
803
White Mountains Insurance
WTM
$5.13B
| $910K | ﹤0.01% |
+414
| New | +$886K |
|
804
Rayonier
RYN
$6.55B
| $907K | ﹤0.01% |
+43,978
| New | +$969K |
|
805
Advanced Energy
AEIS
$13B
| $905K | ﹤0.01% |
2,803
-2,046
| -42% | -$593K |
|
806
Qualys
QLYS
$6.35B
| $898K | ﹤0.01% |
10,219
-13,387
| -57% | -$1.48M |
|
807
Cincinnati Financial
CINF
$27.1B
| $888K | ﹤0.01% |
5,642
-22,166
| -80% | -$3.6M |
|
808
argenx
ARGX
$54.1B
| $887K | ﹤0.01% |
+1,214
| New | +$950K |
|
809
Dana Inc
DAN
$3.06B
| $885K | ﹤0.01% |
+26,300
| New | +$822K |
|
810
Evertec
EVTC
$1.78B
| $884K | ﹤0.01% |
+31,318
| New | +$890K |
|
811
Wheaton Precious Metals
WPM
$60.9B
| $874K | ﹤0.01% |
+6,673
| New | +$928K |
|
812
Hims & Hers Health
HIMS
$7.31B
| $863K | ﹤0.01% |
41,562
+35,100
| +543% | +$829K |
|
|
HOLX
813
DELISTED
Hologic
HOLX
| $854K | ﹤0.01% |
11,303
-2,145
| -16% | -$161K |
|
814
OSI Systems
OSIS
$3.89B
| $853K | ﹤0.01% |
+3,214
| New | +$889K |
|
815
lululemon athletica
LULU
$14.6B
| $849K | ﹤0.01% |
5,548
+2,730
| +97% | +$489K |
|
816
O-I Glass
OI
$1.08B
| $849K | ﹤0.01% |
80,807
-35,219
| -30% | -$485K |
|
817
VF Corp
VFC
$5.89B
| $845K | ﹤0.01% |
49,741
-477,631
| -91% | -$9.01M |
|
818
American Homes 4 Rent
AMH
$12.5B
| $844K | ﹤0.01% |
+30,228
| New | +$914K |
|
819
Exelon
EXC
$47B
| $827K | ﹤0.01% |
16,865
-2,886
| -15% | -$134K |
|
820
Warner Music
WMG
$13.8B
| $826K | ﹤0.01% |
+32,346
| New | +$917K |
|
821
Murphy Oil
MUR
$4.78B
| $820K | ﹤0.01% |
+19,868
| New | +$673K |
|
822
Methanex
MEOH
$4.12B
| $807K | ﹤0.01% |
+13,555
| New | +$682K |
|
823
Public Storage
PSA
$61.3B
| $803K | ﹤0.01% |
2,965
+2,191
| +283% | +$628K |
|
824
TransAlta
TAC
$3.93B
| $786K | ﹤0.01% |
59,942
+3,790
| +7% | +$48.8K |
|
825
Realty Income
O
$59.1B
| $779K | ﹤0.01% |
12,739
+7,138
| +127% | +$447K |
|
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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.