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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
MPC icon
176
Marathon Petroleum
MPC
$83.7B
$21M 0.08%
+126,493
New +$19M
BWA icon
177
BorgWarner
BWA
$13.9B
$21M 0.08%
626,889
-89,550
-12% -$2.75M
AMP icon
178
Ameriprise Financial
AMP
$48.8B
$20.9M 0.08%
39,197
-61,991
-61% -$30.6M
RGA icon
179
Reinsurance Group of America
RGA
$16.1B
$20.3M 0.08%
102,134
+14,859
+17% +$2.9M
OGE icon
180
OGE Energy
OGE
$9.71B
$19.6M 0.08%
440,979
+245,714
+126% +$10.9M
EEFT icon
181
Euronet Worldwide
EEFT
$2.7B
$19.4M 0.08%
191,085
+49,073
+35% +$5.07M
ONTO icon
182
Onto Innovation
ONTO
$15.3B
$19.2M 0.08%
190,614
-21,080
-10% -$2.25M
ABNB icon
183
Airbnb
ABNB
$107B
$18.8M 0.08%
141,808
+126,333
+816% +$16M
NFG icon
184
National Fuel Gas
NFG
$7.65B
$18.7M 0.08%
220,775
+205,634
+1,358% +$16.6M
CFG icon
185
Citizens Financial Group
CFG
$30.6B
$18.6M 0.08%
416,134
+371,714
+837% +$14.6M
SU icon
186
Suncor Energy
SU
$70.3B
$18.6M 0.08%
497,618
-625,566
-56% -$22.6M
CNI icon
187
Canadian National Railway
CNI
$76.6B
$18.5M 0.07%
178,290
-105,170
-37% -$10.7M
INSP icon
188
Inspire Medical Systems
INSP
$1.74B
$18.4M 0.07%
141,647
+68,796
+94% +$9.98M
ALSN icon
189
Allison Transmission
ALSN
$9.82B
$18.2M 0.07%
191,591
+43,736
+30% +$4.23M
ACGL icon
190
Arch Capital
ACGL
$33.6B
$17.7M 0.07%
194,325
-54,857
-22% -$5.06M
MDT icon
191
Medtronic
MDT
$112B
$17.6M 0.07%
202,166
+32,570
+19% +$2.76M
DKNG icon
192
DraftKings
DKNG
$11.9B
$17.4M 0.07%
405,810
-54,509
-12% -$1.95M
FRSH icon
193
Freshworks
FRSH
$3.27B
$17.2M 0.07%
1,151,495
+223,623
+24% +$3.22M
LNC icon
194
Lincoln National
LNC
$8.81B
$17.1M 0.07%
493,884
+20,251
+4% +$662K
KGC icon
195
Kinross Gold
KGC
$32.8B
$17M 0.07%
1,091,451
-452,052
-29% -$6.58M
WSC icon
196
WillScot Mobile Mini Holdings
WSC
$4.41B
$16.8M 0.07%
612,461
+157,183
+35% +$4.19M
EOG icon
197
EOG Resources
EOG
$70.7B
$16.6M 0.07%
138,699
-190,258
-58% -$21.7M
MTB icon
198
M&T Bank
MTB
$36.2B
$16.6M 0.07%
85,508
+77,083
+915% +$13.6M
BHF icon
199
Brighthouse Financial
BHF
$3.5B
$16.5M 0.07%
307,340
+24,724
+9% +$1.39M
SYF icon
200
Synchrony
SYF
$25.6B
$16.5M 0.07%
247,253
-383,586
-61% -$21.4M
6 7
8
9 10

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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.