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 | |
|---|---|---|---|---|---|---|---|
1051
DocuSign
DOCU
$14.2B
| – | – |
-132,778
| Closed | -$6.3M | – |
|
1052
Dover
DOV
$26.3B
| – | – |
-1,473
| Closed | -$307K | – |
|
1053
DTE Energy
DTE
$26.5B
| – | – |
-23,345
| Closed | -$3.41M | – |
|
1054
DELISTED
Electronic Arts
EA
| – | – |
-12,358
| Closed | -$2.52M | – |
|
1055
Ecolab
ECL
$79.9B
| – | – |
-16,219
| Closed | -$4.31M | – |
|
1056
Eastman Chemical
EMN
$7.12B
| – | – |
-47,780
| Closed | -$3.65M | – |
|
1057
Vivmark Residential
VMRK
$47.1B
| – | – |
-8,441
| Closed | -$499K | – |
|
1058
Essex Property Trust
ESS
$17.3B
| – | – |
-2,096
| Closed | -$507K | – |
|
1059
Eaton
ETN
$153B
| – | – |
-19,541
| Closed | -$6.99M | – |
|
1060
Extra Space Storage
EXR
$29.1B
| – | – |
-4,608
| Closed | -$604K | – |
|
1061
F5
FFIV
$25.9B
| – | – |
-4,662
| Closed | -$1.35M | – |
|
1062
F&G Annuities & Life
FG
$2.57B
| – | – |
-17,811
| Closed | -$451K | – |
|
1063
Fair Isaac
FICO
$16.8B
| – | – |
-227
| Closed | -$242K | – |
|
1064
Fox Class A
FOXA
$27B
| – | – |
-8,604
| Closed | -$502K | – |
|
1065
Freshworks
FRSH
$3.65B
| – | – |
-19,961
| Closed | -$160K | – |
|
1066
First Solar
FSLR
$18.3B
| – | – |
-20,321
| Closed | -$4.01M | – |
|
1067
FS KKR Capital
FSK
$2.79B
| – | – |
-34,694
| Closed | -$353K | – |
|
1068
Fastly Inc
FSLY
$3.66B
| – | – |
-62,767
| Closed | -$1.82M | – |
|
1069
FirstService
FSV
$5.81B
| – | – |
-1,772
| Closed | -$246K | – |
|
1070
Cedar Fair
FUN
$855M
| – | – |
-102,954
| Closed | -$1.83M | – |
|
1071
Genpact
G
$6.31B
| – | – |
-150,536
| Closed | -$5.61M | – |
|
1072
Graco
GGG
$13.1B
| – | – |
-41,143
| Closed | -$3.48M | – |
|
1073
CGI
GIB
$15.7B
| – | – |
-3,126
| Closed | -$229K | – |
|
1074
Goldman Sachs
GS
$255B
| – | – |
-4,154
| Closed | -$3.51M | – |
|
1075
Gates Industrial Corp
GTES
$6.55B
| – | – |
-70,190
| Closed | -$1.59M | – |
|
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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.