Ray Dalio portfolio

Bridgewater Associates · 13F for Q2 2026, filed Aug 14, 2026

Bridgewater Associates, the firm Ray Dalio founded, reported 997 positions worth $24.4B as of Jun 30, 2026. The largest were SPDR S&P 500 Etf Trust (16.3%), Ishares Core S&P 500 ETF (9.2%) and NVIDIA Corporation (3.2%). Against Q1 2026: 214 new, 399 added to, 352 reduced, 210 sold out.

The filing on sec.gov · Every fund · What a 13F shows

Reported value: $24.4Bas of Jun 30
Positions: 997214 new, 210 sold out
Largest position: SPY16.3% of the portfolio
Top 10 positions: 40%of reported value

The stock desk, weekly · free

The week in filings, every Monday

The companies expected to report that week, the results filed the week before, and the biggest short interest moves, each linked to its page.

The stock desk, weekly: one email each Monday with the companies expected to report that week, the results filed the week before and the biggest short interest moves. Unsubscribe in one click.

What Ray Dalio bought

Largest 8 of 127

Position	Change	Value
SPYSPDR S&P 500 Etf Trust	+21.9%	$713M
Ishares Core S&P 500 ETF	+12.1%	$242M
Vanguard S&P 500 ETF	+189.0%	$206M
PCGPG&E Corp	+24,079%	$99.4M
SHELShell plc	+388.9%	$94.1M
PBRPetrobras - Petroleo Brasileiro Sa	+466.9%	$86.8M
ESEversource Energy	New	$86.4M
EIXEdison International	+777.1%	$81.4M

What Ray Dalio sold

Largest 8 of 130

Position	Change	Value
MUMicron Technology Inc	−92.1%	$1.6B
AMZNAmazon.com, Inc.	−53.9%	$563M
MRVLMarvell Technology, Inc.	−90.7%	$527M
GEVGE Vernova Inc.	−71.8%	$367M
LRCXLam Research Corp	−40.3%	$274M
GOOGLAlphabet Inc.	−33.8%	$241M
CRDOCredo Technology Group Holding Ltd	−82.6%	$231M
AVGOBroadcom Inc.	−28.2%	$195M

Every position, largest first

997 positions, Q2 2026

#	Position	Portfolio	Value	Shares	Change
1	SPYSPDR S&P 500 Etf Trust	16.3%	$4.0B	5,320,308	+21.9%
2	Ishares Core S&P 500 ETF	9.22%	$2.2B	3,002,286	+12.1%
3	NVDANVIDIA Corporation	3.17%	$774M	3,866,195	−17.6%
4	AVGOBroadcom Inc.	2.04%	$498M	1,317,923	−28.2%
5	AMZNAmazon.com, Inc.	1.98%	$483M	2,025,481	−53.9%
6	GOOGLAlphabet Inc.	1.94%	$473M	1,322,176	−33.8%
7	LRCXLam Research Corp	1.67%	$407M	938,224	−40.3%
8	Vanguard S&P 500 ETF	1.29%	$315M	458,381	+189.0%
9	AMDAdvanced Micro Devices, Inc.	1.28%	$313M	538,632	Not compared
10	Ishares MSCI South Korea ETF	1.15%	$280M	1,384,772	−21.6%
11	MSFTMicrosoft Corporation	1.09%	$266M	711,896	−34.4%
12	NEMNEWMONT Corp	1.03%	$252M	2,695,170	+16.3%
13	AMATApplied Materials Inc	0.86%	$211M	291,426	Not compared
14	ORCLOracle Corp	0.86%	$210M	1,432,967	−10.0%
15	STXSeagate Technology Holdings plc	0.79%	$193M	199,822	−39.3%
16	JNJJohnson & Johnson	0.70%	$170M	669,135	−4.0%
17	Vanguard Ftse Emerging Marke	0.67%	$164M	2,746,819	+0.9%
18	GEVGE Vernova Inc.	0.59%	$144M	122,768	−71.8%
19	UNPUnion Pacific Corp	0.57%	$140M	514,266	−3.5%
20	MUMicron Technology Inc	0.55%	$135M	116,666	−92.1%
21	Ishares Mbs ETF	0.54%	$131M	1,386,800	+2.0%
22	MOAltria Group, Inc.	0.51%	$124M	1,727,216	+1.3%
23	APHAmphenol Corp	0.50%	$123M	697,612	−19.2%
24	ASMLASML Holding Nv	0.50%	$123M	61,675	−33.1%
25	BBarrick Mining Corp	0.50%	$121M	3,304,836	+7.3%

175 more positions

#	Position	Portfolio	Value	Shares	Change
26	CLSCelestica Inc	0.49%	$121M	330,689	−37.1%
27	VSTVistra Corp.	0.49%	$119M	751,695	+115.7%
28	SHELShell plc	0.49%	$118M	1,526,163	+388.9%
29	Sea Ltd-Adr	0.47%	$115M	1,204,563	−10.0%
30	Ishr Ibx Usd Invgd Cb Etf-Ui	0.47%	$115M	1,050,500	+2.8%
31	NUENucor Corp	0.47%	$114M	513,423	−17.0%
32	PCARPaccar Inc	0.47%	$114M	946,107	+21.8%
33	WDCWestern Digital Corp	0.45%	$110M	172,415	−30.8%
34	Ishares Core MSCI Emerging	0.45%	$110M	1,328,276	−1.1%
35	CSXCSX Corp	0.43%	$106M	2,229,965	−6.1%
36	PBRPetrobras - Petroleo Brasileiro Sa	0.43%	$105M	6,524,553	+466.9%
37	AAPLApple Inc.	0.43%	$105M	364,377	−35.3%
38	LLYELI LILLY & Co	0.43%	$104M	87,023	+22.9%
39	PCGPG&E Corp	0.41%	$99.8M	5,931,314	+24,079%
40	KLACKla Corp	0.41%	$99.0M	328,070	Not compared
41	FIXComfort Systems Usa Inc	0.39%	$96.1M	48,506	−43.9%
42	NXPINXP Semiconductors N.V.	0.39%	$94.8M	337,405	+28.4%
43	WFCWells Fargo & Company	0.39%	$94.7M	1,145,854	+21.6%
44	EIXEdison International	0.38%	$91.9M	1,234,614	+777.1%
45	Ishares MSCI Emr Mrk Ex Chna	0.37%	$90.1M	880,516	−17.9%
46	MPCMarathon Petroleum Corp	0.37%	$89.3M	349,224	+351.9%
47	STLDSteel Dynamics Inc	0.36%	$86.8M	378,490	−13.6%
48	ESEversource Energy	0.35%	$86.4M	1,195,140	New
49	TELTE Connectivity plc	0.35%	$86.0M	426,718	+26.9%
50	ADIAnalog Devices Inc	0.33%	$80.7M	203,208	+269.0%
51	HCAHCA Healthcare, Inc.	0.33%	$79.2M	203,204	+16.9%
52	TPRTapestry, Inc.	0.32%	$79.0M	539,444	+68.4%
53	APPAppLovin Corp	0.31%	$75.5M	146,602	New
54	VLOValero Energy Corp	0.30%	$74.2M	285,001	+112.7%
55	CCitigroup Inc	0.30%	$73.2M	522,666	−34.1%
56	EOGEOG Resources Inc	0.29%	$70.0M	539,429	+4,191%
57	EDConsolidated Edison Inc	0.28%	$69.0M	623,641	New
58	BKRBaker Hughes Co	0.28%	$67.7M	1,220,482	−11.7%
59	NINisource Inc.	0.28%	$67.0M	1,410,001	New
60	FTITechnipFMC plc	0.27%	$65.6M	989,841	+294.7%
61	NOWServiceNow, Inc.	0.26%	$63.1M	635,381	New
62	SLBSLB Limited	0.26%	$62.2M	1,338,849	+79.8%
63	METAMETA Platforms, Inc.	0.25%	$62.0M	110,083	−62.3%
64	UTHRUNITED THERAPEUTICS Corp	0.25%	$60.3M	111,326	+0.1%
65	CFGCitizens Financial Group Inc	0.24%	$59.4M	847,858	+18.8%
66	MNSTMonster Beverage Corp	0.24%	$58.2M	605,394	−21.5%
67	BACBank of America Corp	0.24%	$58.2M	1,020,674	−2.1%
68	DUKDuke Energy CORP	0.23%	$56.0M	442,098	New
69	OVVOvintiv Inc.	0.22%	$54.8M	1,041,316	+181.5%
70	HALHalliburton Co	0.22%	$54.0M	1,590,285	+5,441%
71	MRVLMarvell Technology, Inc.	0.22%	$54.0M	181,176	−90.7%
72	AUAngloGold Ashanti PLC	0.22%	$53.8M	665,558	+11.4%
73	TFCTruist Financial Corp	0.22%	$53.7M	1,078,721	+47.4%
74	PPLPPL Corp	0.22%	$53.4M	1,468,865	+245.1%
75	MCKMcKesson Corp	0.22%	$53.2M	70,358	+4.4%
76	ARANTERO RESOURCES Corp	0.22%	$53.0M	1,507,657	+793.4%
77	LUVSouthwest Airlines Co	0.22%	$52.6M	1,022,946	+46.1%
78	METMetlife Inc	0.22%	$52.6M	621,519	−0.8%
79	NTNXNutanix, Inc.	0.21%	$50.9M	998,761	New
80	CIENCiena Corp	0.20%	$49.6M	101,038	−29.8%
81	CRDOCredo Technology Group Holding Ltd	0.20%	$48.7M	178,996	−82.6%
82	INSMINSMED Inc	0.20%	$48.6M	455,392	+54.1%
83	SBSWSibanye Stillwater Ltd	0.20%	$48.3M	5,691,634	+28.6%
84	TERTeradyne, Inc	0.20%	$47.7M	98,627	−70.9%
85	APAAPA Corp	0.19%	$47.0M	1,444,176	New
86	TLNTalen Energy Corp	0.19%	$46.7M	121,506	−54.3%
87	BPOPPopular, Inc.	0.19%	$45.7M	278,207	−12.3%
88	CVSCVS HEALTH Corp	0.19%	$45.6M	440,972	−28.7%
89	TEVATEVA Pharmaceutical Industries Ltd	0.18%	$44.9M	1,326,678	+17.6%
90	RDDTReddit, Inc.	0.18%	$44.7M	257,428	+274.1%
91	TKRTimken Co	0.18%	$44.0M	302,724	+57.7%
92	ANETArista Networks, Inc.	0.18%	$43.2M	254,275	−80.9%
93	FHNFirst Horizon Corp	0.17%	$41.9M	1,633,439	+0.1%
94	VZVerizon Communications Inc	0.17%	$41.5M	980,458	+125.5%
95	BWABorgwarner Inc	0.17%	$41.4M	623,455	−4.0%
96	NVTnVent Electric plc	0.17%	$41.2M	242,970	−7.0%
97	ZIONZions Bancorporation, National Association	0.17%	$40.9M	591,357	−18.4%
98	EXEEXPAND ENERGY Corp	0.17%	$40.8M	447,886	New
99	NRGNRG Energy, Inc.	0.17%	$40.6M	277,935	−52.8%
100	ZBRAZebra Technologies Corp	0.16%	$39.8M	151,328	+947.8%
101	TOSTToast, Inc.	0.16%	$39.8M	1,428,975	+323.7%
102	VALEVALE S.A.	0.16%	$39.5M	2,626,446	−34.1%
103	RIGTransocean Ltd.	0.16%	$38.9M	7,962,797	+1,803%
104	SPGIS&P Global Inc.	0.16%	$38.7M	95,012	+190.6%
105	DLTRDollar Tree, Inc.	0.16%	$38.2M	315,855	+1,225%
106	SUSuncor Energy Inc	0.16%	$38.1M	708,762	+71.9%
107	GEGeneral Electric Co	0.16%	$38.0M	101,569	−15.8%
108	MDTMedtronic plc	0.15%	$37.7M	482,525	+89.0%
109	ONTOONTO Innovation Inc.	0.15%	$37.5M	99,020	−71.6%
110	RBCRBC Bearings INC	0.15%	$37.2M	57,741	+807.7%
111	GILDGilead Sciences, Inc.	0.15%	$36.7M	290,881	+60.9%
112	KEYKeycorp	0.15%	$36.3M	1,574,882	+63.1%
113	HALOHalozyme Therapeutics, Inc.	0.15%	$36.3M	463,146	−9.4%
114	LIILennox International Inc	0.15%	$36.2M	63,229	+1,170%
115	NOVNOV Inc.	0.15%	$36.1M	1,943,703	+964.3%
116	DINOHF Sinclair Corp	0.15%	$35.6M	510,527	+63.0%
117	NBIXNeurocrine Biosciences Inc	0.14%	$34.7M	205,677	+38.8%
118	FNBFNB Corp	0.14%	$34.4M	1,804,957	−0.6%
119	UHSUniversal Health Services Inc	0.14%	$33.9M	228,121	+67.3%
120	ABNBAirbnb, Inc.	0.14%	$33.9M	236,935	+776.5%
121	JBLJabil Inc	0.14%	$33.7M	87,526	+121.2%
122	DECKDeckers Outdoor Corp	0.14%	$33.4M	336,573	−8.5%
123	BBIOBridgeBio Pharma, Inc.	0.14%	$33.4M	448,143	+72.7%
124	WALWestern Alliance Bancorporation	0.14%	$33.0M	401,678	+110.5%
125	VMCVulcan Materials CO	0.13%	$32.1M	108,687	New
126	REGNRegeneron Pharmaceuticals, Inc.	0.13%	$32.0M	51,333	+125.9%
127	URIUnited Rentals, Inc.	0.13%	$31.7M	27,950	+169.9%
128	TSTenaris Sa	0.13%	$31.5M	568,223	+1,885%
129	XYZBlock, Inc.	0.13%	$31.4M	413,101	+193.6%
130	CAHCardinal Health Inc	0.13%	$31.4M	132,077	+14.6%
131	BTIBritish American Tobacco p.l.c.	0.13%	$31.3M	506,686	−33.8%
132	AEMAgnico Eagle Mines Ltd	0.13%	$30.5M	196,829	+121.8%
133	DVNDevon Energy Corp	0.12%	$30.4M	735,174	New
134	CRSCarpenter Technology Corp	0.12%	$30.1M	48,856	+15.1%
135	QCOMQualcomm Inc	0.12%	$30.0M	162,466	−27.4%
136	ALNYAlnylam Pharmaceuticals, Inc.	0.12%	$30.0M	99,584	−6.6%
137	UALUnited Airlines Holdings, Inc.	0.12%	$29.7M	218,601	+172.4%
138	Exxon Mobil Corp	0.12%	$29.6M	216,225	New
139	KGCKinross Gold Corp	0.12%	$29.3M	1,240,922	+7.0%
140	WMTWalmart Inc.	0.12%	$29.3M	258,759	+2.8%
141	COFCapital One Financial Corp	0.12%	$29.2M	145,544	New
142	KEYSKeysight Technologies, Inc.	0.12%	$29.0M	82,934	+9.8%
143	TMUST-Mobile US, Inc.	0.12%	$28.9M	172,592	+75.3%
144	AMEAmetek Inc	0.12%	$28.5M	117,720	+1.0%
145	VVisa Inc.	0.11%	$28.0M	81,537	+223.9%
146	PRPermian Resources Corp	0.11%	$27.9M	1,516,955	New
147	GRABGRAB Holdings Ltd	0.11%	$27.9M	7,403,211	−11.1%
148	RRXRegal Rexnord Corp	0.11%	$27.8M	116,787	+3,101%
149	GMEDGlobus Medical Inc	0.11%	$27.8M	351,974	+6.5%
150	MFCManulife Financial Corp	0.11%	$27.8M	684,949	−67.6%
151	GPORGulfport Energy Corp	0.11%	$27.1M	159,943	+74.2%
152	CFCF Industries Holdings, Inc.	0.11%	$27.0M	249,708	+1,221%
153	DXCMDexcom Inc	0.11%	$27.0M	400,929	+187.0%
154	VTRSViatris Inc	0.11%	$27.0M	1,698,341	+134.0%
155	RGAReinsurance Group of America Inc	0.11%	$26.9M	126,415	+26.1%
156	EMEEMCOR Group, Inc.	0.11%	$26.8M	32,248	−55.7%
157	GSKGSK plc	0.11%	$26.4M	504,171	−27.8%
158	SANMSanmina Corp	0.11%	$26.3M	103,959	+87.7%
159	GOOGAlphabet Inc.	0.11%	$26.2M	74,207	−80.8%
160	OTISOTIS Worldwide Corp	0.11%	$26.1M	364,278	+30.8%
161	FORMFormfactor Inc	0.11%	$26.0M	162,592	+223.8%
162	EGEverest Group, Ltd.	0.11%	$25.8M	72,182	+310.6%
163	CVXChevron Corp	0.11%	$25.7M	154,753	+5,374%
164	MCHPMicrochip Technology Inc	0.10%	$25.2M	275,882	+853.3%
165	MPMP Materials Corp.	0.10%	$25.0M	446,310	+313.0%
166	EWEdwards Lifesciences Corp	0.10%	$24.9M	275,279	+60.1%
167	CNCCentene Corp	0.10%	$24.9M	387,225	+130.3%
168	COSTCostco Wholesale Corp	0.10%	$24.8M	26,503	−4.0%
169	CRCrane Co	0.10%	$24.6M	110,458	+6.8%
170	FLGFlagstar Bank, National Association	0.10%	$24.4M	1,634,732	−4.7%
171	CICigna Group	0.10%	$24.2M	87,905	−61.5%
172	RNRRenaissancere Holdings Ltd	0.10%	$24.0M	75,611	−8.0%
173	PORPortland General Electric Co	0.10%	$23.9M	461,107	+300.8%
174	PODDInsulet Corp	0.10%	$23.8M	156,413	+342.6%
175	VRTVertiv Holdings Co	0.10%	$23.8M	71,078	−83.5%
176	HXLHexcel Corp	0.10%	$23.6M	236,251	+974.2%
177	TGTXTG Therapeutics, Inc.	0.10%	$23.6M	429,904	+38.0%
178	VALValaris Ltd	0.10%	$23.4M	321,713	+796.2%
179	FIVEFIVE Below, Inc	0.10%	$23.3M	129,642	+109.5%
180	LBRTLiberty Energy Inc.	0.09%	$23.1M	883,746	+312.5%
181	CBChubb Ltd	0.09%	$22.8M	67,050	+49.7%
182	ATIATI Inc	0.09%	$22.7M	114,940	+423.6%
183	CMCSAComcast Corp	0.09%	$22.6M	920,357	−22.8%
184	AIGAmerican International Group, Inc.	0.09%	$22.0M	295,074	+67.4%
185	WWDWoodward, Inc.	0.09%	$21.9M	51,359	−18.6%
186	AEPAmerican Electric Power Co Inc	0.09%	$21.8M	159,591	+207.7%
187	SWSmurfit Westrock plc	0.09%	$21.8M	471,953	New
188	GXOGXO Logistics, Inc.	0.09%	$21.8M	430,309	+560.5%
189	EXELExelixis, Inc.	0.09%	$21.8M	400,859	−16.7%
190	CENXCentury Aluminum Co	0.09%	$21.8M	473,928	−35.3%
191	ACGLArch Capital Group Ltd.	0.09%	$21.7M	223,860	−9.1%
192	KMTKennametal Inc	0.09%	$21.4M	611,543	−4.3%
193	PSXPhillips 66	0.09%	$21.2M	125,491	−18.1%
194	HASHasbro, Inc.	0.09%	$20.8M	251,786	New
195	FDXFedex Corp	0.09%	$20.8M	66,349	+4,636%
196	ETSYETSY Inc	0.08%	$20.6M	273,253	+298.0%
197	CTVACorteva, Inc.	0.08%	$20.6M	243,050	New
198	EBCEastern Bankshares, Inc.	0.08%	$20.6M	924,805	−1.8%
199	ROSTRoss Stores, Inc.	0.08%	$20.6M	96,587	+55.1%
200	XPXP Inc.	0.08%	$20.4M	1,255,551	New

The 200 largest of 997 positions are listed; the rest are in the filing.

What a 13F shows

This is Bridgewater Associates’s Form 13F for the quarter ended Jun 30, 2026, filed with the SEC on Aug 14, 2026 as Bridgewater Associates, LP. A 13F lists long positions in US-listed securities on the quarter’s last day: shares, convertible bonds, puts and calls. It does not list short positions, cash, private holdings or most securities listed abroad, and a position may have changed since.

Options are shown as options, never added to the shares of the stock they are written on. A change is the share count against the fund's filing for Q1 2026; the estimated value of a change uses the price the filing's own figures imply. Where a count moved with a stock split, no change is shown.