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 | |
|---|---|---|---|---|---|---|
951
Pricesmart
PSMT
$5.46B
| $290K | ﹤0.01% |
1,929
-4,570
| -70% | -$667K |
|
|
WCC
952
WESCO International
WCC
$17.7B
| $283K | ﹤0.01% |
+1,034
| New | +$290K |
|
953
Gibraltar Industries
ROCK
$1.49B
| $281K | ﹤0.01% |
7,048
+878
| +14% | +$42.4K |
|
954
Molina Healthcare
MOH
$10.3B
| $278K | ﹤0.01% |
2,087
-25,187
| -92% | -$4.01M |
|
955
Baxter International
BAX
$14.2B
| $270K | ﹤0.01% |
16,065
-194,735
| -92% | -$3.77M |
|
956
Equinox Gold
EQX
$13.5B
| $263K | ﹤0.01% |
+18,213
| New | +$278K |
|
957
California Water Service
CWT
$3.12B
| $262K | ﹤0.01% |
+5,771
| New | +$259K |
|
958
Grand Canyon Education
LOPE
$3.98B
| $257K | ﹤0.01% |
1,514
-8,367
| -85% | -$1.4M |
|
959
Bright Horizons
BFAM
$3.86B
| $257K | ﹤0.01% |
3,130
-45,099
| -94% | -$3.8M |
|
960
Campbell Soup
CPB
$6.87B
| $256K | ﹤0.01% |
11,506
-47,892
| -81% | -$1.23M |
|
961
Gentex
GNTX
$5.07B
| $254K | ﹤0.01% |
11,638
-1,287,279
| -99% | -$29.8M |
|
962
Liberty Live Group Series C
LLYVK
$9.46B
| $254K | ﹤0.01% |
+2,697
| New | +$243K |
|
963
Knight Transportation
KNX
$11.4B
| $254K | ﹤0.01% |
+4,406
| New | +$253K |
|
964
Viavi Solutions
VIAV
$9.66B
| $253K | ﹤0.01% |
+7,602
| New | +$201K |
|
965
Expedia Group
EXPE
$37.3B
| $251K | ﹤0.01% |
1,089
-621,694
| -100% | -$153M |
|
966
Marqeta
MQ
$1.66B
| $250K | ﹤0.01% |
15,317
-120,536
| -89% | -$2.03M |
|
967
FirstService
FSV
$6.32B
| $246K | ﹤0.01% |
+1,772
| New | +$270K |
|
968
Fair Isaac
FICO
$22.5B
| $242K | ﹤0.01% |
227
-5,185
| -96% | -$7.11M |
|
969
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
| $241K | ﹤0.01% |
2,522
-76
| -3% | -$7.37K |
|
970
Blackbaud
BLKB
$2.08B
| $236K | ﹤0.01% |
6,115
-3,820
| -38% | -$191K |
|
971
Graham Holdings Company
GHC
$5.02B
| $230K | ﹤0.01% |
218
-362
| -62% | -$399K |
|
972
Lazard
LAZ
$4.31B
| $229K | ﹤0.01% |
5,393
-6,914
| -56% | -$338K |
|
973
CGI
GIB
$15.5B
| $229K | ﹤0.01% |
+3,126
| New | +$250K |
|
|
WAY
974
Waystar Holding Corp
WAY
$4.65B
| $228K | ﹤0.01% |
9,444
-812
| -8% | -$21.6K |
|
|
975
Booking.com
BKNG
$161B
| $227K | ﹤0.01% |
1,350
-2,011,850
| -100% | -$370M |
|
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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.