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Ray Dalio's Steel Dynamics, Inc. (STLD) position

Yes: as of Q1 2026, Ray Dalio holds 438K shares of STLD worth $79M (0.4% of the disclosed portfolio). Last quarter the position was opened. First disclosed Q2 2021.
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Current value
$79M
Shares held
438K
% of portfolio
0.4%
Est. average buy price (i)
$181.99
Quarter-end price
$180.00

Estimated trade prices

Average price in quarters with purchases
$136.04
Average prices in quarters with sales
  • Q2 2025: $127.67 (447K shares sold)
  • Q2 2024: $133.51 (2K shares sold)
  • Q1 2024: $125.72 (2K shares sold)
  • Q4 2023: $111.45 (64K shares sold)
  • Q1 2023: $116.25 (3K shares sold)
  • Q4 2022: $96.22 (15K shares sold)
  • Q3 2022: $75.69 (167K shares sold)
  • Q1 2022: $67.46 (129 shares sold)
  • Q4 2021: $62.56 (4K shares sold)

STLD price vs Dalio's position

1Y 3Y 5Y MAX
Dates
$50$200$40020222023202420252026Added 6K shares (60.8%) · Q3 2021. Average closing price $63.92 · Price range $57.75–$73.126KsharespurchasedSold 4K shares (29.1%) · Q4 2021. Average closing price $62.56 · Price range $57.54–$67.494KsharessoldSold 129 shares (1.2%) · Q1 2022. Average closing price $67.46 · Price range $52.45–$89.49129sharessoldAdded 180K shares (over 1,000%) · Q2 2022. Average closing price $80.10 · Price range $65.98–$93.24180KsharespurchasedSold 167K shares (87.7%) · Q3 2022. Average closing price $75.69 · Price range $64.41–$86.87167KsharessoldSold 15K shares (64.8%) · Q4 2022. Average closing price $96.22 · Price range $75.39–$110.3815KsharessoldSold 3K shares (40.9%) · Q1 2023. Average closing price $116.25 · Price range $95.17–$136.063KsharessoldAdded 27K shares (558.5%) · Q2 2023. Average closing price $101.74 · Price range $91.90–$113.1727KsharespurchasedAdded 127K shares (396.2%) · Q3 2023. Average closing price $104.12 · Price range $98.11–$110.78127KsharespurchasedSold 64K shares (40.2%) · Q4 2023. Average closing price $111.45 · Price range $98.75–$124.5264KsharessoldSold 2K shares (2.5%) · Q1 2024. Average closing price $125.72 · Price range $111.60–$148.232KsharessoldSold 2K shares (1.7%) · Q2 2024. Average closing price $133.51 · Price range $120.69–$149.262KsharessoldAdded 109K shares (119.3%) · Q3 2024. Average closing price $121.50 · Price range $108.10–$133.22109KsharespurchasedAdded 35K shares (17.3%) · Q4 2024. Average closing price $132.90 · Price range $113.80–$154.3235KsharespurchasedAdded 239K shares (101.4%) · Q1 2025. Average closing price $126.76 · Price range $111.93–$139.06239KsharespurchasedSold 447K shares (94.4%) · Q2 2025. Average closing price $127.67 · Price range $109.21–$136.84447KsharessoldNew position of 438K shares · Q1 2026. Average closing price $181.99 · Price range $163.95–$205.78438Ksharespurchased← Earlier —1 purchase
Average closing price · filing quarter
$181.99
Price range · filing quarter
$163.95 – $205.78
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Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q1 2026 New +438K +$80M – 438K May 15, 2026
Q2 2025 Reduced −447K −$57M −94.4% 27K Aug 13, 2025
Q1 2025 Added +239K +$30M +101.4% 474K May 14, 2025
Q4 2024 Added +35K +$4.6M +17.3% 235K Feb 13, 2025
Q3 2024 Added +109K +$13M +119.3% 201K Nov 13, 2024
Q2 2024 Reduced −2K −$207K −1.7% 92K Aug 14, 2024
Q1 2024 Reduced −2K −$300K −2.5% 93K May 14, 2024
Q4 2023 Reduced −64K −$7.2M −40.2% 95K Feb 14, 2024
Q3 2023 Added +127K +$13M +396.2% 160K Nov 13, 2023
Q2 2023 Added +27K +$2.8M +558.5% 32K Aug 11, 2023
Q1 2023 Reduced −3K −$393K −40.9% 5K May 12, 2023
Q4 2022 Reduced −15K −$1.5M −64.8% 8K Feb 13, 2023
Q3 2022 Reduced −167K −$13M −87.7% 23K Nov 10, 2022
Q2 2022 Added +180K +$14M +1,723.9% 191K Aug 11, 2022
Q1 2022 Reduced −129 −$9K −1.2% 10K May 13, 2022
Q4 2021 Reduced −4K −$272K −29.1% 11K Feb 14, 2022
Q3 2021 Added +6K +$361K +60.8% 15K Nov 12, 2021
Q2 2021 New +9K +$545K – 9K Aug 13, 2021
Data through Q1 2026 · filed May 15, 2026
18 grouped rows from 18 quarters

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Common questions

Does Ray Dalio own STLD?

Yes. As of Q1 2026, Ray Dalio disclosed 438K shares of STLD, worth $79M. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy STLD?

Ray Dalio first disclosed a STLD position in Q2 2021; every quarterly buy and sell since is in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell STLD?

The quarter-by-quarter table above shows each sale and reduction Ray Dalio disclosed in STLD. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of STLD does Ray Dalio own?

Ray Dalio disclosed 438K shares of STLD as of Q1 2026. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for STLD?

Ray Dalio's estimated average buy price for STLD is $181.99, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.