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Ray Dalio

Ray Dalio Bridgewater Associates

AUM $22.4B
1-Year Est. Return 34.48%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.6%
1 Year Est. Return
+34.48%
3 Year Est. Return
+84.29%
5 Year Est. Return
+89.92%
10 Year Est. Return
+230.06%
AUM
$22.4B
AUM Growth
-$5.02B
Cap. Flow
-$4.49B
Cap. Flow %
-20.05%
Top 10 Hldgs %
40.65%
Holding
1,254
New
214
Increased
292
Reduced
487
Closed
261

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$537M
2
TSM icon
TSMC
TSM
+$371M
3
MU icon
Micron Technology
MU
+$230M
4
AVGO icon
Broadcom
AVGO
+$220M
5
NVDA icon
NVIDIA
NVDA
+$152M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.03B
2
CRM icon
Salesforce
CRM
+$512M
3
BKNG icon
Booking.com
BKNG
+$370M
4
ADBE icon
Adobe
ADBE
+$353M
5
LRCX icon
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
IVZ icon
1126
Invesco
IVZ
$13.9B
– –
-28,015
Closed -$736K
JCI icon
1127
Johnson Controls International
JCI
$92.2B
– –
-38,201
Closed -$4.57M
JJSF icon
1128
J&J Snack Foods
JJSF
$1.71B
– –
-2,997
Closed -$271K
JKHY icon
1129
Jack Henry & Associates
JKHY
$11.1B
– –
-51,777
Closed -$9.45M
JOE icon
1130
St. Joe Company
JOE
$3.83B
– –
-3,548
Closed -$211K
OPLN
1131
Openlane
OPLN
$4.54B
– –
-11,682
Closed -$348K
KFY icon
1132
Korn Ferry
KFY
$4.28B
– –
-32,493
Closed -$2.15M
KNSL icon
1133
Kinsale Capital Group
KNSL
$8.51B
– –
-4,549
Closed -$1.78M
HAPN
1134
Happen Inc
HAPN
$2.24B
– –
-100,805
Closed -$1.91M
LEG icon
1135
Leggett & Platt
LEG
$1.31B
– –
-74,628
Closed -$821K
LGND icon
1136
Ligand Pharmaceuticals
LGND
$5.88B
– –
-4,207
Closed -$795K
LPLA icon
1137
LPL Financial
LPLA
$28.6B
– –
-118,294
Closed -$42.3M
LSTR icon
1138
Landstar System
LSTR
$6.21B
– –
-23,130
Closed -$3.32M
LZ icon
1139
LegalZoom.com
LZ
$988M
– –
-284,426
Closed -$2.82M
MANH icon
1140
Manhattan Associates
MANH
$11.4B
– –
-110,916
Closed -$19.2M
MAR icon
1141
Marriott International
MAR
$92.3B
– –
-6,161
Closed -$1.91M
MCW
1142
DELISTED
Mister Car Wash
MCW
– –
-540,183
Closed -$3M
MGA icon
1143
Magna International
MGA
$18.8B
– –
-47,351
Closed -$2.53M
MGNI icon
1144
Magnite
MGNI
$3.55B
– –
-145,187
Closed -$2.36M
MHO icon
1145
M/I Homes
MHO
$3.84B
– –
-10,577
Closed -$1.35M
MRSH
1146
Marsh
MRSH
$91.5B
– –
-25,777
Closed -$4.78M
MNDY icon
1147
monday.com
MNDY
$3.94B
– –
-239,186
Closed -$35.3M
MOS icon
1148
The Mosaic Company
MOS
$7.33B
– –
-28,466
Closed -$686K
MRCY icon
1149
Mercury Systems
MRCY
$6.52B
– –
-15,469
Closed -$1.13M
MRK icon
1150
Merck
MRK
$318B
– –
-310,221
Closed -$32.7M
44 45
46
47 48

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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.