Ray Dalio portfolio
Updated November 15, 2026
Ray Dalio (Bridgewater Associates) — The world's largest hedge fund, founded by Ray Dalio, who stepped back in 2022; a new team runs a highly diversified, macro-driven portfolio.
According to the latest 13F report that Bridgewater Associates filed with the SEC (Q2 2026, filed August 14, 2026), its US stock portfolio is worth about $24.4B across 997 holdings. The largest positions are SS Spdr S&P 500 ETF Trust-usSPY, Ishares Core S&P 500 ETFIVV, Nvidia CorpNVDA, and the top 10 make up 40% of the portfolio.
| # | Stock | Weight | Value | Change this quarter |
|---|---|---|---|---|
| 1 | SS Spdr S&P 500 ETF Trust-usSPY | 16.3% | $4.0B | Added +22% |
| 2 | Ishares Core S&P 500 ETFIVV | 9.2% | $2.2B | Added +12% |
| 3 | Nvidia CorpNVDA | 3.2% | $774M | Trimmed +18% |
| 4 | Broadcom IncAVGO | 2.0% | $498M | Trimmed +28% |
| 5 | Amazon.com IncAMZN | 2.0% | $483M | Trimmed +54% |
| 6 | Alphabet Inc-cl AGOOGL | 1.9% | $473M | Trimmed +34% |
| 7 | LAM Research CorpLRCX | 1.7% | $407M | Trimmed +40% |
| 8 | Vanguard S&P 500 ETFVOO | 1.3% | $315M | Added +189% |
| 9 | Advanced Micro DevicesAMD | 1.3% | $313M | Trimmed +58% |
| 10 | Ishares Msci South Korea ETFEWY | 1.1% | $280M | Trimmed +22% |
| 11 | Microsoft CorpMSFT | 1.1% | $266M | Trimmed +34% |
| 12 | Newmont CorpNEM | 1.0% | $252M | Added +16% |
| 13 | Applied Materials IncAMAT | 0.9% | $211M | Added +4% |
| 14 | Oracle CorpORCL | 0.9% | $210M | Trimmed +10% |
| 15 | Seagate Technology Hldngs PLSTX | 0.8% | $193M | Trimmed +39% |
| 16 | Johnson & JohnsonJNJ | 0.7% | $170M | Trimmed +4% |
| 17 | Vanguard Ftse Emerging MarkeVWO | 0.7% | $164M | Added +1% |
| 18 | GE Vernova IncGEV | 0.6% | $144M | Trimmed +72% |
| 19 | Union Pacific CorpUNP | 0.6% | $140M | Trimmed +3% |
| 20 | Micron Technology IncMU | 0.6% | $135M | Trimmed +92% |
| 21 | Ishares MBS ETFMBB | 0.5% | $131M | Added +2% |
| 22 | Altria Group IncMO | 0.5% | $124M | Added +1% |
| 23 | Amphenol Corp-cl AAPH | 0.5% | $123M | Trimmed +19% |
| 24 | Asml Hldg NVASML | 0.5% | $123M | Trimmed +33% |
| 25 | Barrick Mining CorpB | 0.5% | $121M | Added +7% |
| 26 | Celestica IncCLS | 0.5% | $121M | Trimmed +37% |
| 27 | Vistra CorpVST | 0.5% | $119M | Added +116% |
| 28 | Shell Plc-adrSHEL | 0.5% | $118M | Added +389% |
| 29 | SEA Ltd-adrSE | 0.5% | $115M | Trimmed +10% |
| 30 | Ishr IBX USD Invgd CB Etf-uiLQD | 0.5% | $115M | Added +3% |
| 31 | Nucor CorpNUE | 0.5% | $114M | Trimmed +17% |
| 32 | Paccar IncPCAR | 0.5% | $114M | Added +22% |
| 33 | Western Digital CorpWDC | 0.5% | $110M | Trimmed +31% |
| 34 | Ishares Core Msci EmergingIEMG | 0.5% | $110M | Trimmed +1% |
| 35 | CSX CorpCSX | 0.4% | $106M | Trimmed +6% |
| 36 | Petroleo Brasileiro-spon ADRPBR | 0.4% | $105M | Added +467% |
| 37 | Apple IncAAPL | 0.4% | $105M | Trimmed +35% |
| 38 | ELI Lilly & CoLLY | 0.4% | $104M | Added +23% |
| 39 | P G & E CorpPCG | 0.4% | $100M | Added +24079% |
| 40 | KLA CorpKLAC | 0.4% | $99M | Added +1% |
Positions sold out
Cisco Systems IncCSCO, ASE Technology Holding -adrASX, Coreweave Inc-cl ACRWV, Primoris Services CorpPRIM, Brookfield CorpBN, Applied Optoelectronics IncAAOI, Palantir Technologies Inc-aPLTR, Nebius Group N.v.NBIS, SUN Life Financial IncSLF, Bristol-myers Squibb CoBMY, Thomson Reuters CorpTRI, Cullen/frost Bankers IncCFR, Twilio Inc - ATWLO, Pinterest Inc- Class APINS, HUT 8 CorpHUT
Frequently asked questions
What does Ray Dalio own now?
According to the latest 13F (Q2 2026), the largest holdings are SS Spdr S&P 500 ETF Trust-usSPY, Ishares Core S&P 500 ETFIVV, Nvidia CorpNVDA. The full list is in the table above.
What is a 13F report?
US investment managers with more than $100 million in US stocks must list their holdings with the SEC within 45 days after each quarter ends.
Why is the data delayed?
Because 13F reports arrive up to 45 days after the quarter ends, the manager may have traded since then.
Should I copy this portfolio?
Knowing what great investors buy is a good source of ideas, but because of the delay and different goals, copying blindly is not recommended.
More lists and tools
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