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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
SERV
1201
Serve Robotics
SERV
$432M
– –
-12,779
Closed -$149K
GAP
1202
The Gap Inc
GAP
$7.37B
– –
-143,542
Closed -$3.07M
KRMN
1203
Karman Holdings
KRMN
$7.72B
– –
-5,282
Closed -$381K
CRWV
1204
CoreWeave
CRWV
$49.5B
– –
-270,556
Closed -$37M
ISOU
1205
IsoEnergy Ltd
ISOU
$680M
– –
-30,241
Closed -$305K
45 46 47 48
49

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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.