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 | |
|---|---|---|---|---|---|---|---|
826
Hubbell
HUBB
$24.6B
| $1.09M | ﹤0.01% |
2,084
-6,148
| -75% | -$3.11M |
2024 Q4
6 quarters
|
|
827
Pool Corp
POOL
$6.11B
| $1.09M | ﹤0.01% |
5,069
-1,478
| -23% | -$295K |
2025 Q3
3 quarters
|
|
828
Stifel
SF
$10B
| $1.09M | ﹤0.01% |
15,560
-25,721
| -62% | -$1.92M |
2024 Q2
8 quarters
|
|
829
Belden
BDC
$4.05B
| $1.08M | ﹤0.01% |
+9,022
| New | +$1.05M |
2026 Q2
0 quarters
|
|
830
Boeing
BA
$151B
| $1.08M | ﹤0.01% |
+4,995
| New | +$1.11M |
2026 Q2
0 quarters
|
|
831
Vishay Intertechnology
VSH
$4.38B
| $1.08M | ﹤0.01% |
+20,075
| New | +$821K |
2026 Q2
0 quarters
|
|
832
Franklin Electric
FELE
$4.4B
| $1.07M | ﹤0.01% |
+10,018
| New | +$1.01M |
2026 Q2
0 quarters
|
|
833
Hilton Worldwide
HLT
$77.9B
| $1.07M | ﹤0.01% |
3,248
-2,887
| -47% | -$949K |
2025 Q3
3 quarters
|
|
834
OGE Energy
OGE
$9.7B
| $1.06M | ﹤0.01% |
21,773
-496,196
| -96% | -$23.7M |
2024 Q4
6 quarters
|
|
835
Hormel Foods
HRL
$11.2B
| $1.05M | ﹤0.01% |
42,159
+25,470
| +153% | +$566K |
2020 Q1
25 quarters
|
|
836
Copart
CPRT
$25.5B
| $1.04M | ﹤0.01% |
+36,999
| New | +$1.19M |
2026 Q2
0 quarters
|
|
837
Tractor Supply
TSCO
$17.1B
| $1.04M | ﹤0.01% |
+32,944
| New | +$1.14M |
2026 Q2
0 quarters
|
|
838
GE HealthCare
GEHC
$31.5B
| $998K | ﹤0.01% |
15,595
-56,216
| -78% | -$3.69M |
2024 Q1
9 quarters
|
|
839
Sonos
SONO
$2B
| $983K | ﹤0.01% |
72,669
+59,818
| +465% | +$875K |
2025 Q3
3 quarters
|
|
840
Fabrinet
FN
$13B
| $980K | ﹤0.01% |
+1,744
| New | +$1.12M |
2026 Q2
0 quarters
|
|
841
SLM Corp
SLM
$4.06B
| $980K | ﹤0.01% |
37,763
-17,824
| -32% | -$401K |
2022 Q2
16 quarters
|
|
842
Amentum Holdings
AMTM
$4.76B
| $976K | ﹤0.01% |
47,223
+30,171
| +177% | +$730K |
2025 Q4
2 quarters
|
|
843
The GEO Group
GEO
$3.66B
| $969K | ﹤0.01% |
32,793
-47,646
| -59% | -$1.08M |
2025 Q3
3 quarters
|
|
844
ACI Worldwide
ACIW
$5.27B
| $957K | ﹤0.01% |
+19,035
| New | +$827K |
2026 Q2
0 quarters
|
|
845
Materion
MTRN
$5.07B
| $956K | ﹤0.01% |
3,213
-449
| -12% | -$94K |
2026 Q1
1 quarter
|
|
846
W.R. Berkley
WRB
$27.5B
| $952K | ﹤0.01% |
+13,499
| New | +$905K |
2026 Q2
0 quarters
|
|
847
Campbell Soup
CPB
$5.77B
| $944K | ﹤0.01% |
42,400
+30,894
| +269% | +$652K |
2021 Q4
18 quarters
|
|
848
Yeti Holdings
YETI
$3.07B
| $944K | ﹤0.01% |
+19,050
| New | +$826K |
2026 Q2
0 quarters
|
|
849
DELISTED
Stellar Bancorp
STEL
| $944K | ﹤0.01% |
+24,010
| New | +$904K |
2026 Q2
0 quarters
|
|
850
Ducommun
DCO
$2.57B
| $940K | ﹤0.01% |
+5,075
| New | +$753K |
2026 Q2
0 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.