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 |
Amazon
AMZN
|
+$537M |
| 2 |
TSMC
TSM
|
+$371M |
| 3 |
Micron Technology
MU
|
+$230M |
| 4 |
Broadcom
AVGO
|
+$220M |
| 5 |
NVIDIA
NVDA
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.03B |
| 2 |
Salesforce
CRM
|
+$512M |
| 3 |
Booking.com
BKNG
|
+$370M |
| 4 |
Adobe
ADBE
|
+$353M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
126
Ametek
AME
$58.2B
| $25M | 0.11% |
116,504
+111,896
| +2,428% | +$24.9M |
|
127
OGE Energy
OGE
$9.71B
| $24.8M | 0.11% |
517,969
-53,428
| -9% | -$2.44M |
|
128
Iris Energy
IREN
$14.7B
| $24.7M | 0.11% |
720,925
+444,237
| +161% | +$20.1M |
|
129
Coeur Mining
CDE
$17.9B
| $24.5M | 0.11% |
1,302,801
+668,515
| +105% | +$14.5M |
|
130
RenaissanceRe
RNR
$13.4B
| $24.4M | 0.11% |
82,204
-34,548
| -30% | -$10M |
|
131
Universal Health Services
UHS
$10.5B
| $24.4M | 0.11% |
136,368
-83,644
| -38% | -$17.2M |
|
132
Cardinal Health
CAH
$55.4B
| $24.3M | 0.11% |
115,229
-101,440
| -47% | -$21.8M |
|
133
Equinix
EQIX
$103B
| $24.3M | 0.11% |
24,782
-1,130
| -4% | -$1M |
|
134
Petrobras
PBR
$116B
| $23.9M | 0.11% |
+1,150,984
| New | +$18.4M |
|
135
Gold Fields
GFI
$36.5B
| $23.7M | 0.11% |
521,411
-455,608
| -47% | -$22.9M |
|
136
Arch Capital
ACGL
$33.6B
| $23.6M | 0.11% |
246,203
-136,819
| -36% | -$13.1M |
|
137
Ryanair
RYAAY
$31.3B
| $23.2M | 0.1% |
400,860
-394,169
| -50% | -$26M |
|
138
Kennametal
KMT
$2.52B
| $23.1M | 0.1% |
+639,195
| New | +$23.3M |
|
139
Procter & Gamble
PG
$339B
| $22.8M | 0.1% |
157,906
-27,445
| -15% | -$4.16M |
|
140
Abercrombie & Fitch
ANF
$5B
| $22.7M | 0.1% |
248,057
+69,899
| +39% | +$6.8M |
|
141
Woodward
WWD
$21.4B
| $22.6M | 0.1% |
63,123
-3,289
| -5% | -$1.18M |
|
|
FLG
142
Flagstar Bank National Association
FLG
$5.82B
| $22.6M | 0.1% |
1,714,376
+10,482
| +0.6% | +$137K |
|
143
SharkNinja
SN
$26.1B
| $22.3M | 0.1% |
210,232
+44,899
| +27% | +$5.25M |
|
144
Medtronic
MDT
$112B
| $22.1M | 0.1% |
255,240
-27,146
| -10% | -$2.6M |
|
145
Ovintiv
OVV
$16.4B
| $22M | 0.1% |
369,965
-869,650
| -70% | -$42M |
|
146
Verizon
VZ
$196B
| $21.8M | 0.1% |
434,829
+310,160
| +249% | +$14.4M |
|
147
Otis Worldwide
OTIS
$28.2B
| $21.5M | 0.1% |
278,411
+53,218
| +24% | +$4.66M |
|
148
Keysight
KEYS
$58.3B
| $21.3M | 0.1% |
75,544
+29,120
| +63% | +$7.3M |
|
149
Cummins
CMI
$88.7B
| $21.2M | 0.09% |
39,476
+8,693
| +28% | +$4.92M |
|
150
State Street
STT
$50.7B
| $20.8M | 0.09% |
164,186
-159,600
| -49% | -$20.4M |
|
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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.