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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
+16.01%
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
$24.8B
AUM Growth
+$3.24B
Cap. Flow
+$473M
Cap. Flow %
1.91%
Top 10 Hldgs %
36.13%
Holding
749
New
85
Increased
206
Reduced
287
Closed
164

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$552M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$419M
3
MSFT icon
Microsoft
MSFT
+$393M
4
JNJ icon
Johnson & Johnson
JNJ
+$305M
5
UBER icon
Uber
UBER
+$259M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$748M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$418M
3
CEG icon
Constellation Energy
CEG
+$211M
4
PDD icon
Pinduoduo
PDD
+$206M
5
BIDU icon
Baidu
BIDU
+$191M

Sector Composition

Rank Sector Weight
1 Technology 28.87%
2 Communication Services 11.52%
3 Financials 9.89%
4 Healthcare 8.49%
5 Consumer Discretionary 7.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BN icon
126
Brookfield
BN
$108B
$31.5M 0.13%
766,133
-91,560
-11% -$3.39M
SFM icon
127
Sprouts Farmers Market
SFM
$8.01B
$31.5M 0.13%
191,028
+130,057
+213% +$21.2M
MRVL icon
128
Marvell Technology
MRVL
$196B
$31.1M 0.13%
401,538
+371,205
+1,224% +$23.2M
TOST icon
129
Toast
TOST
$19.9B
$30.7M 0.12%
694,076
-237,487
-25% -$9.33M
PATH icon
130
UiPath
PATH
$7.8B
$30.7M 0.12%
2,398,268
+58,934
+3% +$707K
CSL icon
131
Carlisle Companies
CSL
$15.4B
$30.3M 0.12%
81,205
+6,123
+8% +$2.27M
CTSH icon
132
Cognizant
CTSH
$26B
$30.1M 0.12%
386,146
+347,464
+898% +$26.6M
HIMS icon
133
Hims & Hers Health
HIMS
$7.31B
$29.8M 0.12%
598,029
-148,896
-20% -$6.73M
DT icon
134
Dynatrace
DT
$14.2B
$29.8M 0.12%
539,810
-59,330
-10% -$2.97M
DOX icon
135
Amdocs
DOX
$6.22B
$29.1M 0.12%
318,668
+67,550
+27% +$6.04M
OVV icon
136
Ovintiv
OVV
$16.4B
$28.2M 0.11%
741,422
+253,309
+52% +$9.3M
DTM icon
137
DT Midstream
DTM
$13.4B
$28.1M 0.11%
255,907
-8,055
-3% -$816K
LDOS icon
138
Leidos
LDOS
$17.3B
$28.1M 0.11%
178,191
+30,630
+21% +$4.53M
FTI icon
139
TechnipFMC
FTI
$27.3B
$28M 0.11%
812,545
+70,385
+9% +$2.12M
ULTA icon
140
Ulta Beauty
ULTA
$24.3B
$27.4M 0.11%
+58,569
New +$24.2M
AXS icon
141
AXIS Capital
AXS
$7.55B
$27.4M 0.11%
263,737
+51,451
+24% +$5.12M
RYAAY icon
142
Ryanair
RYAAY
$31.3B
$27.2M 0.11%
471,291
+96,824
+26% +$4.93M
CCJ icon
143
Cameco
CCJ
$42.4B
$27.2M 0.11%
366,148
-781,027
-68% -$41.7M
INCY icon
144
Incyte
INCY
$24.4B
$26.8M 0.11%
394,084
-233,647
-37% -$14.8M
GL icon
145
Globe Life
GL
$14.3B
$26.5M 0.11%
213,320
+127,147
+148% +$15.4M
LEN icon
146
Lennar Class A
LEN
$21.2B
$26.4M 0.11%
238,744
+179,675
+304% +$19.5M
TMUS icon
147
T-Mobile US
TMUS
$190B
$26.3M 0.11%
110,235
+92,812
+533% +$22.7M
GNTX icon
148
Gentex
GNTX
$5.07B
$26.1M 0.11%
1,187,774
+320,230
+37% +$7M
GMED icon
149
Globus Medical
GMED
$11.2B
$25.8M 0.1%
436,639
+303,527
+228% +$19.6M
KEYS icon
150
Keysight
KEYS
$58.3B
$25.4M 0.1%
+154,712
New +$23.6M
4 5
6
7 8

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Ray Dalio's Q2 2025 Portfolio in Review

As of Q2 2025, Ray Dalio held 749 positions worth $24.8B, up 15% from $21.6B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Ray Dalio's Q2 2025 filing shows 85 new, 206 increased, 287 reduced and 164 closed positions. Its largest new stake was Arm: 473,725 shares worth $76.6M. The largest sale was Alibaba, an estimated $748M.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 19% a quarter earlier, followed by Communication Services and Financials.

  • Ray Dalio's largest Q2 2025 buy was Arm: 473,725 shares worth $76.6M.
  • Ray Dalio added most to NVIDIA in Q2 2025, an estimated $552M increase.
  • Ray Dalio's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $418M.
  • Ray Dalio fully exited Alibaba in Q2 2025, selling an estimated $748M.
  • Ray Dalio's ten largest holdings make up 36% of its $24.8B portfolio in Q2 2025.
  • Ray Dalio opened 85 new positions and closed 164 in Q2 2025.
  • Ray Dalio's portfolio value rose 15% quarter-over-quarter to $24.8B.

Based on Bridgewater Associates's 13F filing for Q2 2025, filed 13 Aug 2025.