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 | |
|---|---|---|---|---|---|---|
826
Steven Madden
SHOO
$3.55B
| $1.47M | 0.01% |
35,337
-45,315
| -56% | -$1.75M |
|
827
AGCO
AGCO
$7.2B
| $1.46M | 0.01% |
+13,974
| New | +$1.49M |
|
828
FormFactor
FORM
$9.17B
| $1.45M | 0.01% |
+25,979
| New | +$1.31M |
|
829
Genworth Financial
GNW
$3.71B
| $1.45M | 0.01% |
160,260
+33,196
| +26% | +$289K |
|
830
Ouster
OUST
$2.92B
| $1.45M | 0.01% |
66,786
+42,520
| +175% | +$1.12M |
|
831
Nomad Foods
NOMD
$1.68B
| $1.43M | 0.01% |
114,548
-75,155
| -40% | -$918K |
|
832
Boot Barn
BOOT
$4.95B
| $1.42M | 0.01% |
8,041
+1,499
| +23% | +$280K |
|
833
Darling Ingredients
DAR
$9.44B
| $1.41M | 0.01% |
+39,204
| New | +$1.33M |
|
834
Tenable Holdings
TENB
$4.01B
| $1.41M | 0.01% |
59,824
+49,608
| +486% | +$1.36M |
|
|
PPLI
835
People Inc
PPLI
$3.1B
| $1.4M | 0.01% |
35,819
+29,582
| +474% | +$1.04M |
|
836
Timken Company
TKR
$9.03B
| $1.38M | 0.01% |
+16,384
| New | +$1.3M |
|
837
Genuine Parts
GPC
$18.7B
| $1.37M | 0.01% |
11,107
+9,342
| +529% | +$1.21M |
|
838
M/I Homes
MHO
$3.84B
| $1.35M | ﹤0.01% |
10,577
-14,651
| -58% | -$1.94M |
|
839
Rollins
ROL
$18.2B
| $1.35M | ﹤0.01% |
22,459
-18,157
| -45% | -$1.07M |
|
840
Texas Roadhouse
TXRH
$13.7B
| $1.35M | ﹤0.01% |
8,117
-21,000
| -72% | -$3.55M |
|
841
Xcel Energy
XEL
$48.8B
| $1.33M | ﹤0.01% |
18,031
-47,363
| -72% | -$3.74M |
|
842
DuPont de Nemours
DD
$19.2B
| $1.33M | ﹤0.01% |
11,022
-117,555
| -91% | -$13.2M |
|
843
Darden Restaurants
DRI
$24.4B
| $1.32M | ﹤0.01% |
7,183
-7,101
| -50% | -$1.29M |
|
844
StoneCo
STNE
$2.58B
| $1.32M | ﹤0.01% |
+89,282
| New | +$1.49M |
|
845
Repligen
RGEN
$9.25B
| $1.29M | ﹤0.01% |
7,874
-25,742
| -77% | -$4.03M |
|
846
Kraft Heinz
KHC
$30B
| $1.28M | ﹤0.01% |
52,833
+578
| +1% | +$14.4K |
|
847
Warrior Met Coal
HCC
$4.86B
| $1.27M | ﹤0.01% |
14,406
-24,227
| -63% | -$1.82M |
|
848
Shake Shack
SHAK
$2.87B
| $1.26M | ﹤0.01% |
15,510
+13,188
| +568% | +$1.16M |
|
849
Zscaler
ZS
$27.3B
| $1.24M | ﹤0.01% |
5,518
-21,258
| -79% | -$6M |
|
850
DigitalOcean
DOCN
$14.6B
| $1.24M | ﹤0.01% |
25,772
-41,738
| -62% | -$1.84M |
|
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.