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 | |
|---|---|---|---|---|---|---|
851
PTC Therapeutics
PTCT
$6.12B
| $1.23M | ﹤0.01% |
16,229
+4,291
| +36% | +$312K |
|
852
McGrath RentCorp
MGRC
$2.92B
| $1.23M | ﹤0.01% |
11,733
+7,781
| +197% | +$843K |
|
853
Franklin Electric
FELE
$4.84B
| $1.21M | ﹤0.01% |
12,674
-14,368
| -53% | -$1.37M |
|
854
Pentair
PNR
$11B
| $1.2M | ﹤0.01% |
+11,489
| New | +$1.23M |
|
855
Veracyte
VCYT
$3.8B
| $1.2M | ﹤0.01% |
+28,394
| New | +$1.14M |
|
856
GE HealthCare
GEHC
$32.4B
| $1.19M | ﹤0.01% |
14,482
-696
| -5% | -$54.2K |
|
857
Mohawk Industries
MHK
$9.22B
| $1.18M | ﹤0.01% |
+10,785
| New | +$1.24M |
|
858
Advance Auto Parts
AAP
$3.49B
| $1.18M | ﹤0.01% |
+29,980
| New | +$1.5M |
|
859
ICL Group
ICL
$6.85B
| $1.18M | ﹤0.01% |
206,034
+92,292
| +81% | +$534K |
|
860
TripAdvisor
TRIP
$1.26B
| $1.17M | ﹤0.01% |
80,581
-338,839
| -81% | -$5.16M |
|
861
TTM Technologies
TTMI
$14.5B
| $1.15M | ﹤0.01% |
+16,662
| New | +$1.09M |
|
862
Avnet
AVT
$7.92B
| $1.15M | ﹤0.01% |
+23,856
| New | +$1.17M |
|
863
ManpowerGroup
MAN
$2.63B
| $1.14M | ﹤0.01% |
+38,401
| New | +$1.2M |
|
864
Rush Enterprises Class A
RUSHA
$6.22B
| $1.14M | ﹤0.01% |
21,107
+17,165
| +435% | +$892K |
|
865
Under Armour
UAA
$2.6B
| $1.13M | ﹤0.01% |
228,353
-103,319
| -31% | -$478K |
|
866
Mercury Systems
MRCY
$6.52B
| $1.13M | ﹤0.01% |
+15,469
| New | +$1.15M |
|
867
West Pharmaceutical
WST
$24.9B
| $1.12M | ﹤0.01% |
+4,073
| New | +$1.11M |
|
|
MZTI
868
The Marzetti Company
MZTI
$3.11B
| $1.11M | ﹤0.01% |
6,773
+3,364
| +99% | +$561K |
|
869
Mueller Water Products
MWA
$4.16B
| $1.08M | ﹤0.01% |
45,157
+33,770
| +297% | +$837K |
|
|
FYBR
870
DELISTED
Frontier Communications
FYBR
| $1.06M | ﹤0.01% |
+27,890
| New | +$1.05M |
|
871
PBF Energy
PBF
$7.31B
| $1.06M | ﹤0.01% |
38,943
-145,223
| -79% | -$4.65M |
|
872
Solventum
SOLV
$14.1B
| $1.05M | ﹤0.01% |
13,310
-41,376
| -76% | -$3.17M |
|
873
Hafnia
HAFN
$3.75B
| $1.03M | ﹤0.01% |
+193,026
| New | +$1.15M |
|
874
First American
FAF
$7.58B
| $1.02M | ﹤0.01% |
16,669
+7,706
| +86% | +$483K |
|
875
Copart
CPRT
$27.5B
| $1.02M | ﹤0.01% |
+26,058
| New | +$1.08M |
|
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.