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 | |
|---|---|---|---|---|---|---|---|
876
Avient
AVNT
$3.62B
| $767K | ﹤0.01% |
20,740
-25,348
| -55% | -$918K |
2025 Q4
2 quarters
|
|
877
FMC
FMC
$834M
| $759K | ﹤0.01% |
66,017
-40,588
| -38% | -$566K |
2025 Q4
2 quarters
|
|
878
Applied Industrial Technologies
AIT
$12.3B
| $758K | ﹤0.01% |
2,242
-2,525
| -53% | -$775K |
2025 Q3
3 quarters
|
|
879
Workiva
WK
$4.18B
| $743K | ﹤0.01% |
+15,307
| New | +$788K |
2026 Q2
0 quarters
|
|
880
SharkNinja
SN
$26.6B
| $730K | ﹤0.01% |
4,793
-205,439
| -98% | -$24.6M |
2024 Q2
8 quarters
|
|
881
Sandisk
SNDK
$198B
| $721K | ﹤0.01% |
317
-9,140
| -97% | -$13M |
2026 Q1
1 quarter
|
|
882
Tidewater
TDW
$4.02B
| $720K | ﹤0.01% |
10,807
-4,626
| -30% | -$367K |
2025 Q3
3 quarters
|
|
883
Genworth Financial
GNW
$3.38B
| $710K | ﹤0.01% |
75,025
-14,875
| -17% | -$132K |
2025 Q1
5 quarters
|
|
884
WEX
WEX
$6.25B
| $707K | ﹤0.01% |
+5,009
| New | +$742K |
2026 Q2
0 quarters
|
|
885
Roblox
RBLX
$36.3B
| $697K | ﹤0.01% |
12,816
| – | – |
2025 Q3
3 quarters
|
|
886
Park Aerospace
PKE
$569M
| $689K | ﹤0.01% |
+18,068
| New | +$601K |
2026 Q2
0 quarters
|
|
887
Werner Enterprises
WERN
$1.81B
| $687K | ﹤0.01% |
+15,757
| New | +$593K |
2026 Q2
0 quarters
|
|
888
Rogers Corp
ROG
$2.41B
| $674K | ﹤0.01% |
4,114
-7,400
| -64% | -$1.02M |
2026 Q1
1 quarter
|
|
889
Clorox
CLX
$10.3B
| $669K | ﹤0.01% |
7,005
-3,459
| -33% | -$332K |
2020 Q1
25 quarters
|
|
890
Morningstar
MORN
$7.72B
| $663K | ﹤0.01% |
+4,249
| New | +$738K |
2026 Q2
0 quarters
|
|
891
ServiceTitan Inc
TTAN
$7.55B
| $663K | ﹤0.01% |
9,371
+332
| +4% | +$21.4K |
2025 Q4
2 quarters
|
|
892
GlobalFoundries
GFS
$25.7B
| $650K | ﹤0.01% |
7,883
-67,777
| -90% | -$4.74M |
2026 Q1
1 quarter
|
|
893
Guardant Health
GH
$21.2B
| $637K | ﹤0.01% |
4,244
-9,107
| -68% | -$990K |
2020 Q3
23 quarters
|
|
894
Pricesmart
PSMT
$5.27B
| $636K | ﹤0.01% |
3,258
+1,329
| +69% | +$222K |
2025 Q3
3 quarters
|
|
895
MaxLinear
MXL
$6.99B
| $625K | ﹤0.01% |
+4,879
| New | +$345K |
2026 Q2
0 quarters
|
|
896
Atmos Energy
ATO
$27.8B
| $618K | ﹤0.01% |
+3,587
| New | +$642K |
2026 Q2
0 quarters
|
|
897
Amkor Technology
AMKR
$10.4B
| $616K | ﹤0.01% |
7,145
-1,573,784
| -100% | -$112M |
2025 Q4
2 quarters
|
|
898
Aptiv
APTV
$9.24B
| $610K | ﹤0.01% |
9,934
+1,207
| +14% | +$73.8K |
2025 Q3
3 quarters
|
|
899
nCino
NCNO
$2.15B
| $607K | ﹤0.01% |
+37,116
| New | +$609K |
2026 Q2
0 quarters
|
|
900
Installed Building Products
IBP
$4.84B
| $603K | ﹤0.01% |
2,624
-2,164
| -45% | -$526K |
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.