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 | |
|---|---|---|---|---|---|---|
|
AMTM
901
Amentum Holdings
AMTM
$6.05B
| $445K | ﹤0.01% |
17,052
-1,199
| -7% | -$37.6K |
|
902
PayPal
PYPL
$50.5B
| $444K | ﹤0.01% |
9,820
-3,319,491
| -100% | -$160M |
|
903
Protolabs
PRLB
$2.13B
| $438K | ﹤0.01% |
+7,690
| New | +$446K |
|
904
Cooper Companies
COO
$14.5B
| $437K | ﹤0.01% |
6,111
-145
| -2% | -$11.5K |
|
905
Innospec
IOSP
$2.28B
| $434K | ﹤0.01% |
+5,950
| New | +$463K |
|
906
PG&E
PCG
$38.5B
| $431K | ﹤0.01% |
+24,531
| New | +$417K |
|
907
Conagra Brands
CAG
$7.23B
| $431K | ﹤0.01% |
27,405
-1,821
| -6% | -$32.1K |
|
908
Mine Safety
MSA
$7.49B
| $431K | ﹤0.01% |
+2,626
| New | +$480K |
|
909
Elastic
ESTC
$7.81B
| $428K | ﹤0.01% |
8,566
-266,987
| -97% | -$16.4M |
|
910
Boston Beer
SAM
$1.92B
| $426K | ﹤0.01% |
1,851
-3,312
| -64% | -$745K |
|
911
Helios Technologies
HLIO
$2.76B
| $422K | ﹤0.01% |
+6,524
| New | +$437K |
|
912
Enpro
NPO
$7.05B
| $416K | ﹤0.01% |
+1,659
| New | +$415K |
|
913
SK Telecom
SKM
$13.2B
| $415K | ﹤0.01% |
+14,169
| New | +$391K |
|
914
UiPath
PATH
$7.8B
| $413K | ﹤0.01% |
37,242
-2,187,368
| -98% | -$27.9M |
|
915
Erie Indemnity
ERIE
$13.2B
| $408K | ﹤0.01% |
1,622
-1,775
| -52% | -$477K |
|
916
Omnicom Group
OMC
$23.4B
| $403K | ﹤0.01% |
5,345
-809,791
| -99% | -$62.8M |
|
917
Hawaiian Electric Industries
HE
$2.14B
| $394K | ﹤0.01% |
+26,561
| New | +$402K |
|
918
Madison Square Garden
MSGS
$9.39B
| $393K | ﹤0.01% |
+1,224
| New | +$365K |
|
|
PRMB
919
Primo Brands
PRMB
$8.54B
| $390K | ﹤0.01% |
20,738
-2,265
| -10% | -$43.8K |
|
920
Molson Coors Class B
TAP
$8.09B
| $390K | ﹤0.01% |
9,054
-36,301
| -80% | -$1.72M |
|
921
Wolverine World Wide
WWW
$1.55B
| $389K | ﹤0.01% |
+23,862
| New | +$421K |
|
922
Kimco Realty
KIM
$16.4B
| $387K | ﹤0.01% |
+17,239
| New | +$380K |
|
923
CRH
CRH
$66.8B
| $382K | ﹤0.01% |
3,636
-53,874
| -94% | -$6.33M |
|
924
Merit Medical Systems
MMSI
$5.32B
| $380K | ﹤0.01% |
+5,507
| New | +$430K |
|
925
Tradeweb Markets
TW
$21.6B
| $380K | ﹤0.01% |
+3,226
| New | +$369K |
|
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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.