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 | |
|---|---|---|---|---|---|---|---|
1101
Lemonade
LMND
$3.37B
| – | – |
-42,648
| Closed | -$2.67M | – |
|
1102
Live Nation Entertainment
LYV
$40.3B
| – | – |
-32,344
| Closed | -$4.93M | – |
|
1103
La-Z-Boy
LZB
$1.18B
| – | – |
-121,023
| Closed | -$3.89M | – |
|
1104
Mastercard
MA
$541B
| – | – |
-3,930
| Closed | -$1.96M | – |
|
1105
Mid-America Apartment Communities
MAA
$13.4B
| – | – |
-4,525
| Closed | -$553K | – |
|
1106
ManpowerGroup
MAN
$1.87B
| – | – |
-7,689
| Closed | -$227K | – |
|
1107
DELISTED
Masimo
MASI
| – | – |
-1,899
| Closed | -$338K | – |
|
1108
Madrigal Pharmaceuticals
MDGL
$10.3B
| – | – |
-3,920
| Closed | -$2.05M | – |
|
1109
Methanex
MEOH
$5.07B
| – | – |
-13,555
| Closed | -$807K | – |
|
1110
Markel Group
MKL
$22.9B
| – | – |
-2,053
| Closed | -$3.93M | – |
|
1111
Marqeta
MQ
$1.93B
| – | – |
-15,317
| Closed | -$250K | – |
|
1112
Madison Square Garden
MSGS
$9.7B
| – | – |
-1,224
| Closed | -$393K | – |
|
1113
MSC Industrial Direct
MSM
$7.24B
| – | – |
-3,930
| Closed | -$363K | – |
|
1114
MACOM Technology Solutions
MTSI
$20.7B
| – | – |
-10,723
| Closed | -$2.38M | – |
|
1115
Minerals Technologies
MTX
$1.95B
| – | – |
-10,746
| Closed | -$762K | – |
|
1116
Norwegian Cruise Line
NCLH
$6.84B
| – | – |
-65,679
| Closed | -$1.23M | – |
|
1117
NextEra Energy
NEE
$164B
| – | – |
-24,871
| Closed | -$2.31M | – |
|
1118
Neogen
NEOG
$2.58B
| – | – |
-106,427
| Closed | -$989K | – |
|
1119
NeoGenomics
NEO
$2.14B
| – | – |
-91,190
| Closed | -$677K | – |
|
1120
Netflix
NFLX
$289B
| – | – |
-77,611
| Closed | -$7.46M | – |
|
1121
Nike
NKE
$54.8B
| – | – |
-6,742
| Closed | -$356K | – |
|
1122
Nomad Foods
NOMD
$1.63B
| – | – |
-57,795
| Closed | -$555K | – |
|
1123
Enpro
NPO
$5.99B
| – | – |
-1,659
| Closed | -$416K | – |
|
1124
DELISTED
Nuvalent
NUVL
| – | – |
-15,020
| Closed | -$1.54M | – |
|
1125
Realty Income
O
$52.8B
| – | – |
-12,739
| Closed | -$779K | – |
|
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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.