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 | |
|---|---|---|---|---|---|---|---|
926
Kadant
KAI
$3.13B
| $481K | ﹤0.01% |
1,532
-272
| -15% | -$84.7K |
2025 Q3
3 quarters
|
|
927
Ericsson
ERIC
$34.6B
| $480K | ﹤0.01% |
43,024
-67,582
| -61% | -$815K |
2026 Q1
1 quarter
|
|
928
Astera Labs
ALAB
$49.4B
| $479K | ﹤0.01% |
992
-749,948
| -100% | -$199M |
2025 Q2
4 quarters
|
|
929
Rogers Communications
RCI
$17.4B
| $477K | ﹤0.01% |
14,679
-9,832
| -40% | -$355K |
2026 Q1
1 quarter
|
|
930
Somnigroup International
SGI
$14.7B
| $473K | ﹤0.01% |
+6,036
| New | +$442K |
2026 Q2
0 quarters
|
|
931
Everpure Inc
P
$42.2B
| $470K | ﹤0.01% |
+5,962
| New | +$437K |
2026 Q2
0 quarters
|
|
932
Dutch Bros
BROS
$6.04B
| $467K | ﹤0.01% |
6,497
-779
| -11% | -$44.7K |
2025 Q4
2 quarters
|
|
933
Glaukos
GKOS
$10.2B
| $463K | ﹤0.01% |
+3,310
| New | +$419K |
2026 Q2
0 quarters
|
|
934
Advanced Energy
AEIS
$9.6B
| $462K | ﹤0.01% |
1,239
-1,564
| -56% | -$547K |
2025 Q3
3 quarters
|
|
935
FIGS
FIGS
$3.3B
| $459K | ﹤0.01% |
44,885
-474,597
| -91% | -$6.24M |
2026 Q1
1 quarter
|
|
936
DELISTED
Chart Industries
GTLS
| $447K | ﹤0.01% |
2,139
-5,503
| -72% | -$1.14M |
2025 Q4
2 quarters
|
|
937
Exponent
EXPO
$3.45B
| $441K | ﹤0.01% |
+7,507
| New | +$461K |
2026 Q2
0 quarters
|
|
938
Lithia Motors
LAD
$6.58B
| $440K | ﹤0.01% |
+1,513
| New | +$430K |
2026 Q2
0 quarters
|
|
939
AGCO
AGCO
$7.33B
| $430K | ﹤0.01% |
3,592
-1,309
| -27% | -$152K |
2025 Q4
2 quarters
|
|
940
Cadence Design Systems
CDNS
$88.1B
| $422K | ﹤0.01% |
1,124
-24,312
| -96% | -$8.52M |
2025 Q4
2 quarters
|
|
941
Visteon
VC
$2.34B
| $415K | ﹤0.01% |
+4,185
| New | +$457K |
2026 Q2
0 quarters
|
|
942
Medical Properties Trust
MPT
$1.64B
| $412K | ﹤0.01% |
89,131
-7,638
| -8% | -$37.8K |
2026 Q1
1 quarter
|
|
943
Royal Caribbean
RCL
$77B
| $409K | ﹤0.01% |
+1,287
| New | +$360K |
2026 Q2
0 quarters
|
|
944
Ormat Technologies
ORA
$5.37B
| $406K | ﹤0.01% |
+3,726
| New | +$462K |
2026 Q2
0 quarters
|
|
945
St. Joe Company
JOE
$3.93B
| $405K | ﹤0.01% |
+6,461
| New | +$424K |
2026 Q2
0 quarters
|
|
946
International Flavors & Fragrances
IFF
$23.3B
| $403K | ﹤0.01% |
+5,090
| New | +$379K |
2026 Q2
0 quarters
|
|
947
NexGen Energy
NXE
$5.69B
| $403K | ﹤0.01% |
42,918
-17,388
| -29% | -$198K |
2024 Q1
9 quarters
|
|
948
Franklin Templeton
BEN
$15.9B
| $394K | ﹤0.01% |
11,841
-28,865
| -71% | -$864K |
2025 Q4
2 quarters
|
|
949
VF Corp
VFC
$6.86B
| $390K | ﹤0.01% |
23,396
-26,345
| -53% | -$471K |
2025 Q3
3 quarters
|
|
950
Stanley Black & Decker
SWK
$14.2B
| $387K | ﹤0.01% |
4,111
+1,194
| +41% | +$93.6K |
2026 Q1
1 quarter
|
|
Similar funds
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.