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 | |
|---|---|---|---|---|---|---|
901
Silicon Laboratories
SLAB
$7.23B
| $903K | ﹤0.01% |
6,912
+762
| +12% | +$100K |
|
902
CACI
CACI
$14.2B
| $900K | ﹤0.01% |
+1,689
| New | +$954K |
|
903
Avis
CAR
$5.02B
| $896K | ﹤0.01% |
6,980
-3,903
| -36% | -$545K |
|
904
Worthington Enterprises
WOR
$2.86B
| $895K | ﹤0.01% |
+17,364
| New | +$958K |
|
905
SM Energy
SM
$6.87B
| $889K | ﹤0.01% |
47,514
-434,636
| -90% | -$8.8M |
|
906
Avient
AVNT
$4.19B
| $878K | ﹤0.01% |
+28,096
| New | +$869K |
|
907
Verra Mobility
VRRM
$744M
| $869K | ﹤0.01% |
+38,774
| New | +$885K |
|
908
Exelon
EXC
$47B
| $861K | ﹤0.01% |
+19,751
| New | +$901K |
|
909
Eaton
ETN
$174B
| $857K | ﹤0.01% |
2,691
-4,579
| -63% | -$1.62M |
|
910
Steris
STE
$23.1B
| $852K | ﹤0.01% |
3,361
-5,355
| -61% | -$1.34M |
|
911
ESCO Technologies
ESE
$7.92B
| $852K | ﹤0.01% |
+4,360
| New | +$919K |
|
912
ABM Industries
ABM
$2.84B
| $834K | ﹤0.01% |
19,711
-11,968
| -38% | -$526K |
|
913
Leggett & Platt
LEG
$1.31B
| $821K | ﹤0.01% |
74,628
-252,740
| -77% | -$2.49M |
|
914
Sportradar
SRAD
$3.85B
| $808K | ﹤0.01% |
+33,997
| New | +$818K |
|
915
MSC Industrial Direct
MSM
$6.86B
| $798K | ﹤0.01% |
+9,489
| New | +$822K |
|
916
Pricesmart
PSMT
$5.46B
| $797K | ﹤0.01% |
6,499
+4,805
| +284% | +$586K |
|
917
Ligand Pharmaceuticals
LGND
$6.36B
| $795K | ﹤0.01% |
4,207
+2,919
| +227% | +$561K |
|
918
Hertz
HTZ
$809M
| $782K | ﹤0.01% |
152,231
-243,101
| -61% | -$1.33M |
|
919
United Natural Foods
UNFI
$2.85B
| $770K | ﹤0.01% |
22,877
+3,236
| +16% | +$120K |
|
920
Palomar
PLMR
$3.45B
| $763K | ﹤0.01% |
5,661
-24,670
| -81% | -$3.01M |
|
921
Clorox
CLX
$12.7B
| $760K | ﹤0.01% |
7,539
-11,894
| -61% | -$1.29M |
|
922
Rio Tinto
RIO
$164B
| $757K | ﹤0.01% |
9,462
+5,389
| +132% | +$388K |
|
923
Planet Fitness
PLNT
$3.78B
| $746K | ﹤0.01% |
6,876
-30,982
| -82% | -$3.19M |
|
924
Plug Power
PLUG
$3.04B
| $744K | ﹤0.01% |
+377,552
| New | +$986K |
|
|
BCPC
925
Balchem Corp
BCPC
$5.72B
| $737K | ﹤0.01% |
+4,806
| New | +$734K |
|
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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.