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Ray Dalio Portfolio

Ray Dalio founded Bridgewater Associates.

Bridgewater Associates, LP Holdings · Q1 2026

Disclosed value
$22.4B
Holdings
993
Top sector
Technology
Filed
May 15, 2026
Performance
YTD
+21.7%
+12.7% vs S&P 500
1Y
+30.9%
+12.7% vs S&P 500
Ray Dalio's latest portfolio (Q1 2026) holds 993 stocks worth $22.4B. Top holdings: State Str Spdr S&p 500 ETF T, iShares Tr, Amazon.com, Inc. (AMZN).Biggest last-quarter moves:

Bridgewater Associates, LP Holdings · 993

Q1 2026 · Showing 15 positions from the selected holding view.
Stock % Avg. buy price Estimated gain Quarter-end price Last transaction
Not classifiedState Str Spdr S&p 500 ETF T 12.7%
Not classifiedValue$2.8B
 Not classifiedState Str Spdr S&p 500 ETF T 12.7% – – – –
Not classifiediShares Tr 7.8%
Not classifiedValue$1.8B
 Not classifiediShares Tr 7.8% – – – –
ASpecialty RetailAmazon.com, Inc. (AMZN) 4.1%
Avg. buy price $213.95 Estimated gain−3.6%Quarter-end price $206.15 Last transaction Added· Q1 2026Increased shares by 125.3%
A 4.1% $213.95 −3.6% $206.15 Added· Q1 2026Increased shares by 125.3%
NSemiconductorsNVIDIA Corporation (NVDA) 3.7%
Avg. buy price $147.35 Estimated gain+17.5%Quarter-end price $173.10 Last transaction Added· Q1 2026Increased shares by 21.4%
N 3.7% $147.35 +17.5% $173.10 Added· Q1 2026Increased shares by 21.4%
GInternet Content & InformationAlphabet Inc. (GOOGL) 2.6%
Avg. buy price $179.68 Estimated gain+56.6%Quarter-end price $281.41 Last transaction Added· Q1 2026Increased shares by 25.6%
G 2.6% $179.68 +56.6% $281.41 Added· Q1 2026Increased shares by 25.6%
ASemiconductorsBroadcom Inc. (AVGO) 2.5%
Avg. buy price $266.58 Estimated gain+16.1%Quarter-end price $309.51 Last transaction Added· Q1 2026Increased shares by 57.4%
A 2.5% $266.58 +16.1% $309.51 Added· Q1 2026Increased shares by 57.4%
MSemiconductorsMicron Technology, Inc. (MU) 2.2%
Avg. buy price $293.90 Estimated gain+14.9%Quarter-end price $337.84 Last transaction Added· Q1 2026Increased shares by 65.9%
M 2.2% $293.90 +14.9% $337.84 Added· Q1 2026Increased shares by 65.9%
MSoftware - InfrastructureMicrosoft Corporation (MSFT) 1.8%
Avg. buy price $413.80 Estimated gain−10.5%Quarter-end price $370.17 Last transaction Added· Q1 2026Increased shares by 10.3%
M 1.8% $413.80 −10.5% $370.17 Added· Q1 2026Increased shares by 10.3%
GRenewable UtilitiesGE Vernova Inc. (GEV) 1.7%
Avg. buy price $350.20 Estimated gain+142.8%Quarter-end price $850.21 Last transaction Reduced· Q1 2026Sold 34.7% of shares
G 1.7% $350.20 +142.8% $850.21 Reduced· Q1 2026Sold 34.7% of shares
T 1.6% $344.16 −1.8% $337.95 New· Q1 2026Opened a new position
LSemiconductorsLam Research Corporation (LRCX) 1.5%
Avg. buy price $92.08 Estimated gain+123.6%Quarter-end price $205.87 Last transaction Reduced· Q1 2026Sold 48.3% of shares
L 1.5% $92.08 +123.6% $205.87 Reduced· Q1 2026Sold 48.3% of shares
ASemiconductorsAdvanced Micro Devices, Inc. (AMD) 1.2%
Avg. buy price $152.91 Estimated gain+30.3%Quarter-end price $199.17 Last transaction Reduced· Q1 2026Sold 22.0% of shares
A 1.2% $152.91 +30.3% $199.17 Reduced· Q1 2026Sold 22.0% of shares
NGoldNewmont Corporation (NEM) 1.1%
Avg. buy price $83.12 Estimated gain+29.1%Quarter-end price $107.31 Last transaction Added· Q1 2026Increased shares by 0.3%
N 1.1% $83.12 +29.1% $107.31 Added· Q1 2026Increased shares by 0.3%
OSoftware - InfrastructureOracle Corporation (ORCL) 1.0%
Avg. buy price $241.68 Estimated gain−41.1%Quarter-end price $142.32 Last transaction Reduced· Q1 2026Sold 15.0% of shares
O 1.0% $241.68 −41.1% $142.32 Reduced· Q1 2026Sold 15.0% of shares
Not classifiediShares Inc 1.0%
Not classifiedValue$217M
 Not classifiediShares Inc 1.0% – – – –
Data through Q1 2026 · filed May 15, 2026
15 of 993
Show all 993 holdings

Biggest position changes

In Q1 2026: 215 new, 291 added, 487 reduced, 242 exited.
Q1 2026Q4 2025Q3 2025Q2 2025
Largest disclosed changes in Q1 2026, ranked by estimated dollar change using the quarter's average market price.
Reduced or exitedBought or added
C Salesforce, Inc. (CRM) Exited−$401M B Booking Holdings Inc. (BKNG) −$370M A Adobe Inc. (ADBE) −$353M L Lam Research Corporation (LRCX) −$329M M Mastercard Incorporated (MA) −$213M G GE Vernova Inc. (GEV) −$180M V Visa Inc. (V) −$164M P PayPal Holdings, Inc. (PYPL) −$160M A Amazon.com, Inc. (AMZN) +$538M T Taiwan Semiconductor Manufacturing Company Limited (TSM) New+$371M M Micron Technology, Inc. (MU) +$230M A Broadcom Inc. (AVGO) +$220M N NVIDIA Corporation (NVDA) +$152M G Alphabet Inc. (GOOGL) +$128M G Alphabet Inc. (GOOG) New+$122M U Union Pacific Corporation (UNP) +$117M
Other share changes without a dollar estimate, ranked by size.
Reduced or exitedBought or added
Zoominfo Technologies Inc −1.9M
iShares Tr −1.5M
Block Inc −1.2M
D Denison Mines Corp. (DNN) −887K F Freshworks Inc. (FRSH) −885K O Ovintiv Inc. (OVV) −870K W Webster Financial Corporation (WBS) Exited−754K G GSK plc (GSK) −718K S Sibanye Stillwater Limited (SBSW) +4.2M
Baytex Energy Corp New+1.6M
A Amkor Technology, Inc. (AMKR) +1.5M P Petróleo Brasileiro S.A. - Petrobras (PBR) New+1.2M
iShares Inc New+1.1M
F First Horizon Corporation (FHN) +703K S Sotera Health Company (SHC) New+695K K Kennametal Inc. (KMT) New+639K

New this quarter

T Taiwan Semiconductor Manufacturing Company Limited (TSM) New· Q1 2026 G Alphabet Inc. (GOOG) New· Q1 2026 N Nucor Corporation (NUE) New· Q1 2026 S Synopsys, Inc. (SNPS) New· Q1 2026 P PACCAR Inc (PCAR) New· Q1 2026 S Steel Dynamics, Inc. (STLD) New· Q1 2026 I Insmed Incorporated (INSM) New· Q1 2026 A ASE Technology Holding Co., Ltd. (ASX) New· Q1 2026

Portfolio composition

Largest holdings in Q1 2026, sized by their share of the disclosed portfolio. This shows what is owned, not what changed.

State Str Spdr S&p 500 ETF T: 12.7%iShares Tr: 7.8%Amazon.com, Inc. (AMZN): 4.1%NVIDIA Corporation (NVDA): 3.7%Alphabet Inc. (GOOGL): 2.6%Other holdings: 69.2%
State Str Spdr S&p 500 ETF T 12.7%
iShares Tr 7.8%
A Amazon.com, Inc. (AMZN) 4.1%
N NVIDIA Corporation (NVDA) 3.7%
G Alphabet Inc. (GOOGL) 2.6%
Other holdings 69.2%
Show more

Portfolio over time

Each band is a top holding's share of the disclosed portfolio, quarter by quarter; the rest is grouped as other.
3Y5YAll
0%50%100%202120222023202420252026
Amazon.com, Inc. (AMZN)NVIDIA Corporation (NVDA)Alphabet Inc. (GOOGL)Broadcom Inc. (AVGO)Micron Technology, Inc. (MU)Microsoft Corporation (MSFT)Other holdings

Investors with similar portfolios

Joel GreenblattGotham Asset Management, LLCAlso holds State Str Spdr S&p 500 ETF T and iShares TrKen GriffinCitadel Advisors LLCAlso holds State Str Spdr S&p 500 ETF T and NVIDIA Corporation (NVDA)Ken FisherFisher Asset Management, LLCAlso holds iShares Tr and NVIDIA Corporation (NVDA)Tiger Global ManagementTiger Global Management LLCAlso holds Alphabet Inc. (GOOGL) and Amazon.com, Inc. (AMZN)InvescoInvesco Ltd.Also holds State Str Spdr S&p 500 ETF TDavid TepperAppaloosa LPAlso holds Amazon.com, Inc. (AMZN) and Micron Technology, Inc. (MU)

About Ray Dalio and Bridgewater Associates, LP

Ray Dalio founded Bridgewater Associates. This page shows Bridgewater's quarterly Form 13F report of certain United States listed long positions, not Dalio's personal account or the firm's full portfolio. Cash, currencies, commodities, short positions, swaps, private assets, and trades completed before quarter end may be absent.

SEC filing history for Bridgewater Associates, LP

Ray Dalio FAQ

Profile refreshed July 20, 2026

What stocks does Ray Dalio own?

As of the Q1 2026 filing, Ray Dalio's largest disclosed holdings are State Str Spdr S&p 500 ETF T, iShares Tr, Amazon.com, Inc. (AMZN). The table shows 15 of 993 positions by default, with an exact-count control for the remaining rows. Disclosed shares and values remain visible even when a separate market-price estimate is unavailable.

What did Ray Dalio buy last quarter?

The biggest disclosed buys in Q1 2026 were Amazon.com, Inc. (AMZN), Taiwan Semiconductor Manufacturing Company Limited (TSM), Micron Technology, Inc. (MU), based on the Bridgewater Associates, LP 13F filing. New positions are marked "new" in the table above.

What did Ray Dalio sell last quarter?

The biggest reductions in Q1 2026 were Booking Holdings Inc. (BKNG), Adobe Inc. (ADBE), Lam Research Corporation (LRCX). The filing comparison contains 242 full exits, summarized in the activity view above.

How big is Ray Dalio's portfolio?

The latest 13F discloses $22.4B across 993 positions in Q1 2026. 13F filings cover US-listed long positions only; cash and short positions are not disclosed.

How up to date is this?

Funds file 13Fs up to 45 days after each quarter ends, so this portfolio reflects Q1 2026, the latest disclosed quarter. The filing date is shown with every table.

Where does the Bridgewater Associates, LP portfolio data come from?

Non-rejected, non-superseded SEC Form 13F filings for Bridgewater Associates, LP provide the Q1 2026 holdings, disclosed values, and filing date shown here. WhoBought prefers filings whose value units validate and labels a sparse filing when validation is unavailable. Industry labels come from the local company classification record.

How is performance calculated?

Performance uses daily closing prices for holdings with available market-price history. It covers the priced share of disclosed value (64%); holdings without sufficient price history are excluded from the calculation.

Who is Ray Dalio?

Ray Dalio is an American investor, author, and founder of Bridgewater Associates.

Does Ray Dalio still manage Bridgewater?

No. He handed his voting rights to Bridgewater's board and stepped down as co-chief investment officer in 2022. He sold his remaining shares and left the board in 2025.

What did Dalio study before starting Bridgewater?

He earned a finance degree from Long Island University and an MBA from Harvard Business School, then worked around commodities and futures before founding his firm.

How did Bridgewater get started?

Dalio founded it in 1975 as a wealth-advisory business for corporate clients. The firm also published research on global market trends through Daily Observations.

What is Ray Dalio's investment style?

His work is associated with global macro investing: studying economic forces such as inflation, growth, interest rates, and exchange rates, then expressing those views across markets.

What are Pure Alpha and All Weather?

Pure Alpha is the Bridgewater strategy launched in 1991 to pursue returns beyond broad market exposure. All Weather followed in 1996 and became closely associated with risk parity and diversified risk.

What books is Ray Dalio known for?

His books include Principles: Life & Work, Principles for Navigating Big Debt Crises, The Changing World Order, and How Countries Go Broke.

Why is Bridgewater's 13F only part of the picture?

Bridgewater's approach has historically used currencies, fixed income, and other macro exposures that a 13F does not capture. The page's current holdings and quarterly changes cover only reported US-listed long positions.

Does this page show Dalio's personal track record?

No. It follows Bridgewater's disclosed filing portfolio, and Dalio has fully separated from the firm. Any performance shown here is filing-based portfolio performance, not Dalio's personal return.

Can the portfolio value here be treated as Ray Dalio's net worth?

No. A 13F reports covered securities held by the filing manager. It is not a balance sheet for Dalio, Bridgewater, or Dalio's family office.