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 |
NVIDIA
NVDA
|
+$552M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$419M |
| 3 |
Microsoft
MSFT
|
+$393M |
| 4 |
Johnson & Johnson
JNJ
|
+$305M |
| 5 |
Uber
UBER
|
+$259M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$748M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$418M |
| 3 |
Constellation Energy
CEG
|
+$211M |
| 4 |
Pinduoduo
PDD
|
+$206M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
201
Arrow Electronics
ARW
$10.4B
| $16.3M | 0.07% |
127,823
-13,873
| -10% | -$1.59M |
|
202
ADT
ADT
$5.58B
| $16.2M | 0.07% |
1,914,762
+1,297,926
| +210% | +$10.6M |
|
203
Synopsys
SNPS
$79.7B
| $16.2M | 0.07% |
31,574
-53,822
| -63% | -$25.1M |
|
204
Gulfport Energy Corp
GPOR
$2.88B
| $16.1M | 0.07% |
80,098
+1,589
| +2% | +$296K |
|
205
Regions Financial
RF
$26.8B
| $16.1M | 0.06% |
682,886
+637,551
| +1,406% | +$13.5M |
|
206
DaVita
DVA
$11.7B
| $16M | 0.06% |
112,107
-116,165
| -51% | -$16.5M |
|
207
BP
BP
$107B
| $15.7M | 0.06% |
523,719
-539,692
| -51% | -$15.8M |
|
208
Remitly
RELY
$5.14B
| $15.6M | 0.06% |
829,617
+201,657
| +32% | +$4.19M |
|
209
Coca-Cola
KO
$375B
| $15.6M | 0.06% |
219,907
-68,855
| -24% | -$4.9M |
|
210
Flex
FLEX
$44.8B
| $15.4M | 0.06% |
307,742
-148,378
| -33% | -$5.78M |
|
211
Tenet Healthcare
THC
$21.1B
| $15.3M | 0.06% |
87,163
-112,813
| -56% | -$17M |
|
212
Vertex Pharmaceuticals
VRTX
$126B
| $15.3M | 0.06% |
+34,390
| New | +$15.8M |
|
213
Carpenter Technology
CRS
$28.4B
| $15M | 0.06% |
54,388
-88,862
| -62% | -$19.4M |
|
214
Brinker International
EAT
$9.66B
| $14.9M | 0.06% |
82,638
+61,308
| +287% | +$9.62M |
|
215
JPMorgan Chase
JPM
$950B
| $14.9M | 0.06% |
51,287
-31,180
| -38% | -$7.96M |
|
216
ConocoPhillips
COP
$141B
| $14.9M | 0.06% |
165,634
+154,755
| +1,423% | +$13.9M |
|
217
Huntington Bancshares
HBAN
$35.5B
| $14.6M | 0.06% |
872,177
+858,507
| +6,280% | +$13M |
|
218
Devon Energy
DVN
$47.3B
| $14.6M | 0.06% |
459,327
+73,659
| +19% | +$2.35M |
|
219
Rambus
RMBS
$11B
| $14.5M | 0.06% |
226,869
+148,790
| +191% | +$7.97M |
|
220
Jabil
JBL
$35.8B
| $14.3M | 0.06% |
+65,595
| New | +$10.6M |
|
221
Open Text
OTEX
$6.04B
| $14.3M | 0.06% |
488,866
-2,377
| -0.5% | -$64.6K |
|
222
Cal-Maine
CALM
$3.99B
| $13.7M | 0.06% |
137,840
+74,443
| +117% | +$7.11M |
|
|
SARO
223
StandardAero Inc
SARO
$9.7B
| $13.6M | 0.06% |
+430,528
| New | +$12.1M |
|
224
Paycom
PAYC
$9.69B
| $13.3M | 0.05% |
57,552
+37,702
| +190% | +$8.94M |
|
225
KeyCorp
KEY
$24.4B
| $13.3M | 0.05% |
+763,030
| New | +$11.8M |
|
Similar funds
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.