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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
+4.3%
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
$27.4B
AUM Growth
+$1.89B
Cap. Flow
+$1.36B
Cap. Flow %
4.94%
Top 10 Hldgs %
36.33%
Holding
1,205
New
191
Increased
450
Reduced
395
Closed
165

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.28B
2
ORCL icon
Oracle
ORCL
+$349M
3
NVDA icon
NVIDIA
NVDA
+$252M
4
MU icon
Micron Technology
MU
+$204M
5
AMZN icon
Amazon
AMZN
+$188M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$304M
2
UBER icon
Uber
UBER
+$208M
3
FISV
Fiserv Inc
FISV
+$205M
4
META icon
Meta Platforms (Facebook)
META
+$129M
5
WFC icon
Wells Fargo
WFC
+$121M

Sector Composition

Rank Sector Weight
1 Technology 28.43%
2 Financials 11.06%
3 Consumer Discretionary 8.45%
4 Healthcare 6.54%
5 Industrials 6.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
THO icon
1176
Thor Industries
THO
$4.14B
– –
-11,445
Closed -$1.19M
TIGO icon
1177
Millicom
TIGO
$16.3B
– –
-129,443
Closed -$6.28M
TMDX icon
1178
Transmedics
TMDX
$2.91B
– –
-30,085
Closed -$3.38M
TPH
1179
DELISTED
Tri Pointe Homes
TPH
– –
-59,119
Closed -$2.01M
TWO
1180
Two Harbors Investment
TWO
$1.27B
– –
-36,436
Closed -$360K
ULTA icon
1181
Ulta Beauty
ULTA
$24.3B
– –
-465
Closed -$254K
UMBF icon
1182
UMB Financial
UMBF
$11.1B
– –
-8,442
Closed -$999K
UNF icon
1183
Unifirst Corp
UNF
$5.25B
– –
-1,626
Closed -$272K
UPBD icon
1184
Upbound Group
UPBD
$1.16B
– –
-123,302
Closed -$2.91M
UPST icon
1185
Upstart Holdings
UPST
$3.03B
– –
-61,972
Closed -$3.15M
URG
1186
Ur-Energy
URG
$556M
– –
-92,733
Closed -$166K
URNJ icon
1187
Sprott Junior Uranium Miners ETF
URNJ
$356M
– –
-31,592
Closed -$921K
URNM icon
1188
Sprott Uranium Miners ETF
URNM
$1.98B
– –
-102,300
Closed -$6.18M
VBTX
1189
DELISTED
Veritex Holdings
VBTX
– –
-83,774
Closed -$2.81M
VVV icon
1190
Valvoline
VVV
$4.51B
– –
-16,195
Closed -$582K
WAT icon
1191
Waters Corp
WAT
$39.9B
– –
-1,482
Closed -$444K
WCC
1192
WESCO International
WCC
$17.7B
– –
-3,774
Closed -$798K
WH icon
1193
Wyndham Hotels & Resorts
WH
$5.48B
– –
-18,044
Closed -$1.44M
WINA icon
1194
Winmark
WINA
$1.32B
– –
-14,731
Closed -$7.33M
WM icon
1195
Waste Management
WM
$91B
– –
-29,609
Closed -$6.54M
WSBC icon
1196
WesBanco
WSBC
$4B
– –
-108,045
Closed -$3.45M
WWW icon
1197
Wolverine World Wide
WWW
$1.55B
– –
-108,474
Closed -$2.98M
XOM icon
1198
ExxonMobil
XOM
$634B
– –
-22,199
Closed -$2.5M
DAY
1199
DELISTED
Dayforce
DAY
– –
-42,601
Closed -$2.93M
PRKS icon
1200
United Parks & Resorts
PRKS
$2.12B
– –
-23,795
Closed -$1.23M
45 46 47
48
49

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FAM
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DSA
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Ray Dalio's Q4 2025 Portfolio in Review

As of Q4 2025, Ray Dalio held 1,205 positions worth $27.4B, up 7.4% from $25.5B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Ray Dalio deployed $1.36B of net new capital in Q4 2025, opening 191 new positions and adding to 450 existing holdings. Its largest new stake was Arm: 326,320 shares worth $35.7M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $304M trimmed.

  • Ray Dalio's largest Q4 2025 buy was Arm: 326,320 shares worth $35.7M.
  • Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q4 2025, an estimated $1.28B increase.
  • Ray Dalio's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $304M.
  • Ray Dalio fully exited Fiserv Inc in Q4 2025, selling an estimated $205M.
  • Ray Dalio's ten largest holdings make up 36% of its $27.4B portfolio in Q4 2025.
  • Ray Dalio opened 191 new positions and closed 165 in Q4 2025.
  • Ray Dalio's portfolio value rose 7.4% quarter-over-quarter to $27.4B.

Based on Bridgewater Associates's 13F filing for Q4 2025, filed 13 Feb 2026.