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 | |
|---|---|---|---|---|---|---|---|
1026
Bread Financial
BFH
$3.94B
| – | – |
-10,286
| Closed | -$770K | – |
|
1027
Bio-Rad Laboratories Class A
BIO
$9.43B
| – | – |
-1,684
| Closed | -$469K | – |
|
1028
Blackbaud
BLKB
$2.42B
| – | – |
-6,115
| Closed | -$236K | – |
|
1029
Brookfield
BN
$81.4B
| – | – |
-477,453
| Closed | -$19.3M | – |
|
1030
Bristol-Myers Squibb
BMY
$120B
| – | – |
-241,689
| Closed | -$14.7M | – |
|
1031
Boot Barn
BOOT
$3.61B
| – | – |
-16,690
| Closed | -$2.44M | – |
|
1032
BellRing Brands
BRBR
$1.12B
| – | – |
-391,087
| Closed | -$6.29M | – |
|
1033
Blackstone
BX
$85.5B
| – | – |
-15,294
| Closed | -$1.76M | – |
|
1034
CACI
CACI
$13.6B
| – | – |
-5,315
| Closed | -$2.89M | – |
|
1035
Crown Castle
CCI
$34.5B
| – | – |
-12,166
| Closed | -$989K | – |
|
1036
Cullen/Frost Bankers
CFR
$9.5B
| – | – |
-92,885
| Closed | -$12.7M | – |
|
1037
Cincinnati Financial
CINF
$26.1B
| – | – |
-5,642
| Closed | -$888K | – |
|
1038
CleanSpark
CLSK
$2.17B
| – | – |
-19,451
| Closed | -$166K | – |
|
1039
Commercial Metals
CMC
$7.14B
| – | – |
-37,526
| Closed | -$2.31M | – |
|
1040
CMS Energy
CMS
$21.1B
| – | – |
-35,626
| Closed | -$2.76M | – |
|
1041
CNA Financial
CNA
$12.9B
| – | – |
-145,742
| Closed | -$6.69M | – |
|
1042
Charles River Laboratories
CRL
$14.3B
| – | – |
-6,835
| Closed | -$1.18M | – |
|
1043
Cisco
CSCO
$420B
| – | – |
-822,892
| Closed | -$63.8M | – |
|
1044
DELISTED
Coterra Energy
CTRA
| – | – |
-83,369
| Closed | -$2.93M | – |
|
1045
Cognizant
CTSH
$30.1B
| – | – |
-17,673
| Closed | -$1.08M | – |
|
1046
Cavco Industries
CVCO
$3.93B
| – | – |
-5,698
| Closed | -$2.76M | – |
|
1047
California Water Service
CWT
$2.82B
| – | – |
-5,771
| Closed | -$262K | – |
|
1048
Caesars Entertainment
CZR
$5.92B
| – | – |
-19,355
| Closed | -$512K | – |
|
1049
Dick's Sporting Goods
DKS
$14.2B
| – | – |
-48,855
| Closed | -$9.7M | – |
|
1050
Healthpeak Properties
DOC
$12.7B
| – | – |
-27,534
| Closed | -$452K | – |
|
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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.