Ray Dalio portfolio: holdings and latest trades

The stocks Bridgewater Associates reported in its latest 13F filing, for Q2 2026: 997 positions worth about $24.4B, what was bought and sold in the quarter, and who Dalio is.

Data updated August 14, 2026 (13F for Q2 2026)

13F portfolio value: $24.4B
Positions: 997
Top 10 holdings: 40%
Change in value vs previous quarter: +8.9%

Ray Dalio top holdings (Q2 2026)

#	Stock	% of portfolio	Value	Last quarter
1	SPY Ss SPDR S&P 500 ETF Trust-Us	16.3%	$4.0B	Added 22%
2	IVV iShares Core S&P 500 ETF	9.2%	$2.2B	Added 12%
3	NVDA Nvidia Corp	3.2%	$774M	Trimmed 18%
4	AVGO Broadcom Inc	2.0%	$498M	Trimmed 28%
5	AMZN Amazon.Com Inc	2.0%	$483M	Trimmed 54%
6	GOOGL Alphabet Inc-Cl A	1.9%	$473M	Trimmed 34%
7	LRCX Lam Research Corp	1.7%	$407M	Trimmed 40%
8	VOO Vanguard S&P 500 ETF	1.3%	$315M	Added 189%
9	AMD Advanced Micro Devices	1.3%	$313M	Trimmed 58%
10	EWY iShares Msci South Korea ETF	1.1%	$280M	Trimmed 22%
11	MSFT Microsoft Corp	1.1%	$266M	Trimmed 34%
12	NEM Newmont Corp	1.0%	$252M	Added 16%
13	AMAT Applied Materials Inc	0.9%	$211M	Trimmed 48%
14	ORCL Oracle Corp	0.9%	$210M	Trimmed 10%
15	JNJ Johnson & Johnson	0.7%	$170M	Trimmed 4%
16	VWO Vanguard Ftse Emerging Marke	0.7%	$164M	Unchanged
17	GEV Ge Vernova Inc	0.6%	$144M	Trimmed 72%
18	UNP Union Pacific Corp	0.6%	$140M	Trimmed 3%
19	MU Micron Technology Inc	0.6%	$135M	Trimmed 92%
20	MBB iShares Mbs ETF	0.5%	$131M	Unchanged
21	MO Altria Group Inc	0.5%	$124M	Unchanged
22	APH Amphenol Corp-Cl A	0.5%	$123M	Trimmed 19%
23	ASML Asml Hldg Nv	0.5%	$123M	Trimmed 33%
24	B Barrick Mining Corp	0.5%	$121M	Added 7%
25	CLS Celestica Inc	0.5%	$121M	Trimmed 37%
26	VST Vistra Corp	0.5%	$119M	Added 116%
27	SHEL Shell Plc-ADR	0.5%	$118M	Added 389%
28	SE Sea Ltd-ADR	0.5%	$115M	Trimmed 10%
29	LQD Ishr Ibx Usd Invgd Cb ETF-Ui	0.5%	$115M	Added 3%
30	NUE Nucor Corp	0.5%	$114M	Trimmed 17%

Showing the 30 largest of 997 positions.

What Dalio bought and sold in Q2 2026

Bought or added

SPY Ss SPDR S&P 500 ETF Trust-UsAdded 22%
IVV iShares Core S&P 500 ETFAdded 12%
VOO Vanguard S&P 500 ETFAdded 189%
PCG P G & E CorpAdded 24079%
SHEL Shell Plc-ADRAdded 389%
PBR Petroleo Brasileiro-Spon ADRAdded 467%
ES Eversource EnergyNew
EIX Edison InternationalAdded 777%
APP Applovin Corp-Class ANew
MPC Marathon Petroleum CorpAdded 352%

Sold or reduced

MU Micron Technology IncTrimmed 92%
AMZN Amazon.Com IncTrimmed 54%
MRVL Marvell Technology IncTrimmed 91%
TSM Taiwan Semiconductor-Sp ADRTrimmed 97%
AMD Advanced Micro DevicesTrimmed 58%
GEV Ge Vernova IncTrimmed 72%
ALAB Astera Labs IncTrimmed 100%
LRCX Lam Research CorpTrimmed 40%
GOOGL Alphabet Inc-Cl ATrimmed 34%
— Credo Technology Group HoldiTrimmed 83%

Changes in number of shares against the 13F for the previous quarter (Q1 2026), largest first.

Who is Ray Dalio

Role: Founder of Bridgewater Associates
Fund: Bridgewater Associates, founded 1975
Investment style: Global macro and risk parity; the 13F shows only the US-listed equity part.
Known for: The All Weather and risk-parity approach

Ray Dalio founded Bridgewater Associates from his New York apartment in 1975 and built it into one of the largest hedge funds in the world, known for its Pure Alpha macro strategy and for All Weather, the risk-parity approach he designed in 1996. His book Principles (2017) describes the firm’s culture of radical transparency.

Dalio completed the handover of control of Bridgewater to its board in 2022. Because most of the fund’s positions are in bonds, currencies and futures, its 13F – long US stocks and ETFs – shows only a slice of what it holds.

•The All Weather and risk-parity approach
•Pure Alpha, a global macro strategy
•The book Principles

How to read 13F data

A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.

Questions

What stocks does Ray Dalio own?

According to the 13F filing of Bridgewater Associates for Q2 2026 (period ending June 30, 2026), the largest holdings were Ss SPDR S&P 500 ETF Trust-Us (SPY) 16.3%, iShares Core S&P 500 ETF (IVV) 9.2%, Nvidia Corp (NVDA) 3.2%, Broadcom Inc (AVGO) 2.0%, Amazon.Com Inc (AMZN) 2.0%, out of 997 positions worth about $24.4B.

What did Dalio buy and sell last quarter?

New or larger positions in Q2 2026: SPY, IVV, VOO, PCG, SHEL, PBR. Sold or reduced: MU, AMZN, MRVL, TSM, AMD, GEV. Changes are measured in shares against the previous quarter’s filing.

How up to date is Bridgewater Associates’s portfolio?

13F filings are due within 45 days after each quarter ends. This page shows the filing made on August 14, 2026 for the quarter ended June 30, 2026; the fund may have traded since.

What does a 13F filing leave out?

Other famous investors

Source: SEC Form 13F-HR filings via EDGAR. Holdings are as reported by the manager for the quarter shown and may have changed since. Educational content, not investment advice: MEDGE Capital does not recommend buying or selling any security. Risk disclaimer.