Bridgewater Associates, LP · Q2 2026 13F · SEC CIK 1350694

Ray Dalio portfolio

Hedge fundBridgewater Associates 13F holdings. Filed 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $24.4B
Reported positions: 997
Top holdings a year, 3 yrs: +20.0%
Assets under management: $150.2B

Ray Dalio is the founder of Bridgewater Associates, which reported 997 positions worth $24.4B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 16.3%), Ishares Tr (IVV, 9.2%), Nvidia Corporation (NVDA, 3.2%). A portfolio copying its top holdings returned 20.0% a year over the last 3 years, against 20.4% for the S&P 500.

Ray Dalio holdings largest 50 of 997 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Ray Dalio 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	16.3%	12.7%	5,320,308	+21.9%	$4.0B
IVVIshares Tr	9.2%	7.8%	3,002,286	+12.1%	$2.2B
NVDANvidia Corporation	3.2%	3.7%	3,866,195	-17.6%	$773.6M
AVGOBroadcom Inc	2.0%	2.5%	1,317,923	-28.2%	$497.8M
AMZNAmazon Com Inc	2.0%	4.1%	2,025,481	-53.8%	$482.8M
GOOGLAlphabet Inc	1.9%	2.6%	1,322,176	-33.8%	$472.5M
LRCXLam Research Corp	1.7%	1.5%	938,224	-40.3%	$406.6M
VOOVanguard Index Fds	1.3%	0.4%	458,381	+189.0%	$314.8M
AMDAdvanced Micro Devices Inc	1.3%	1.2%	538,632	-58.3%	$312.9M
EWYIshares Inc	1.1%	1.0%	1,384,772	-21.6%	$279.6M
MSFTMicrosoft Corp	1.1%	1.8%	711,896	-34.4%	$265.6M
NEMNewmont Corp	1.0%	1.1%	2,695,170	+16.3%	$251.7M
AMATApplied Matls Inc	0.9%	0.9%	291,426	-48.0%	$210.7M
ORCLOracle Corp	0.9%	1.0%	1,432,967	-10.0%	$210.0M
STXSeagate Technology Hldngs Pl	0.8%	0.6%	199,822	-39.3%	$192.8M
JNJJohnson & Johnson	0.7%	0.8%	669,135	-4.0%	$169.9M
VWOVanguard Intl Equity Index F	0.7%	0.7%	2,746,819	+0.9%	$164.0M
GEVGe Vernova Inc	0.6%	1.7%	122,768	-71.8%	$144.2M
UNPUnion Pac Corp	0.6%	0.6%	514,266	-3.5%	$139.9M
MUMicron Technology Inc	0.6%	2.2%	116,666	-92.1%	$134.7M
MBBIshares Tr	0.5%	0.6%	1,386,800	+2.0%	$131.1M
MOAltria Group Inc	0.5%	0.5%	1,727,216	+1.3%	$124.3M
APHAmphenol Corp	0.5%	0.5%	697,612	-19.2%	$123.0M
ASMLAsml Hldg NV	0.5%	0.5%	61,675	-33.1%	$122.7M
BBarrick Mng Corp	0.5%	0.6%	3,304,836	+7.3%	$121.4M
CLSCelestica Inc	0.5%	0.7%	330,689	-37.1%	$120.6M
VSTVistra Corp	0.5%	—	751,695	—	$119.2M
SHELShell PLC	0.5%	—	1,526,163	—	$118.3M
SESea Ltd	0.5%	0.5%	1,204,563	-10.0%	$115.4M
LQDIshares Tr	0.5%	0.5%	1,050,500	+2.8%	$114.6M
NUENucor Corp	0.5%	0.5%	513,423	-17.0%	$114.4M
PCARPaccar Inc	0.5%	0.4%	946,107	+21.8%	$113.6M
WDCWestern Digital Corp Com	0.5%	—	172,415	—	$110.1M
IEMGIshares Inc	0.5%	0.4%	1,328,276	-1.1%	$110.0M
CSXCsx Corp	0.4%	0.4%	2,229,965	-6.1%	$106.0M
PBRPetroleo Brasileiro S A Sponsored ADR (b	0.4%	—	6,524,553	—	$105.4M
AAPLApple Inc	0.4%	0.6%	364,377	-35.3%	$105.4M
LLYEli Lilly & Co	0.4%	—	87,023	—	$104.4M
PCGPg&e Corp	0.4%	—	5,931,314	—	$99.8M
KLACKla Corp	0.4%	0.7%	328,070	+201.9%	$99.0M
FIXComfort Sys USA Inc	0.4%	0.5%	48,506	-43.9%	$96.1M
NXPINxp Semiconductors N V	0.4%	—	337,405	—	$94.8M
WFCWells Fargo & Co	0.4%	—	1,145,854	—	$94.7M
EIXEdison Intl	0.4%	—	1,234,614	—	$91.9M
EMXCIshares Inc	0.4%	0.4%	880,516	-17.9%	$90.1M
MPCMarathon Petroleum	0.4%	—	349,224	—	$89.3M
STLDSteel Dynamics Inc	0.4%	—	378,490	—	$86.8M
ESEversource Energy	0.4%	—	1,195,140	—	$86.4M
TELTe Connectivity PLC	0.4%	—	426,718	—	$86.0M
ADIAnalog Devices Inc	0.3%	—	203,208	—	$80.7M

What Ray Dalio bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +25.7% /yr; S&P 500 +20.1%
3 years: +20.0% /yr; S&P 500 +20.4%
5 years: +10.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$24.4B	997
Q1 2026	$22.4B	993
Q4 2025	$27.4B	1,040
Q3 2025	$25.5B	1,014
Q2 2025	$24.8B	585
Q1 2025	$21.6B	664
Q4 2024	$21.8B	691
Q3 2024	$17.7B	773
Q2 2024	$19.2B	877
Q1 2024	$19.8B	677
Q4 2023	$17.9B	742
Q3 2023	$16.5B	740

Questions about Ray Dalio's portfolio

Who is Ray Dalio?

Ray Dalio is the founder of Bridgewater Associates, a hedge fund that files its US stock holdings with the SEC on Form 13F under the name Bridgewater Associates, LP.

What stocks does Ray Dalio own?

Bridgewater Associates, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 997 positions worth $24.4B. The largest are State Str Spdr S&p 500 ETF T (SPY) at 16.3%, Ishares Tr (IVV) at 9.2%, Nvidia Corporation (NVDA) at 3.2%, Broadcom Inc (AVGO) at 2.0% and Amazon Com Inc (AMZN) at 2.0%.

What did Ray Dalio buy last quarter?

In Q2 2026, Bridgewater Associates, LP added Kla Corp (KLAC) (+201.9% shares), Vanguard Index Fds (VOO) (+189.0% shares) and State Str Spdr S&p 500 ETF T (SPY) (+21.9% shares), compared with its Q1 2026 filing.

What did Ray Dalio sell last quarter?

In Q2 2026, Bridgewater Associates, LP cut from its top 50 Taiwan Semiconductor Manufac (TSM), cut from its top 50 Marvell Technology Inc (MRVL), cut from its top 50 Meta Platforms Inc (META), cut from its top 50 Arista Networks Inc (ANET), cut from its top 50 Alphabet Inc (GOOG), Micron Technology Inc (MU) (-92.1% shares), Ge Vernova Inc (GEV) (-71.8% shares) and Advanced Micro Devices Inc (AMD) (-58.3% shares), compared with its Q1 2026 filing.

How has Ray Dalio's portfolio performed?

A portfolio copying Bridgewater Associates, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +25.7% against +20.1%. Over 5 years: +10.1% a year against +11.6%.

When is Bridgewater Associates, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Bridgewater Associates, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Bridgewater Associates, LP manage?

Bridgewater Associates, LP reported $150.2B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $24.4B.