Ray Dalio

Net buying

Bridgewater Associates, LP — managed by Ray Dalio; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$22.40B（−18%）

Holdings993（+986）

Reporting quarterQ1 2026

Top holdingState Str Spdr S&P 500 Etf T

Portfolio overview

Bridgewater Associates, LP's most recent 13F filing, for the quarter ended 2026-03-31, reports 993 positions worth $22.40B. The top 5 holdings represent 31% of that value, a broadly diversified portfolio.

The single largest position is State Str Spdr S&P 500 Etf T at 12.7% of the portfolio, followed by Ishares Tr at 7.8% and Amazon Com Inc at 4.1%.

Against the prior quarter, Ray Dalio opened 987 new positions, exited 1, added to 3, and trimmed 3. The largest new buy was Amazon Com Inc. The most notable sale was the full exit from Salesforce Inc.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Amazon Com IncAMZNBig new buy

Big new buy last quarter — 4.1% of the book.

Nvidia CorporationNVDABig new buy

Big add last quarter — 3.7% of the book.

Strike-zone picks

As of 2026-07-02, 8 of Ray Dalio's tracked holdings trade below our conservative value band (strike zone).

Open any to see the stock's valuation →

BHCBausch Health Cos Inc$16–$22/sh−71%CHTRCharter Communications Inc$318–$450/sh−56%CMCSAComcast Corp$48–$84/sh−51%LBRDKLiberty Broadband Corp$58–$105/sh−44%WUWestern Un Co$13–$29/sh−39%KSSKohls Corp$30–$40/sh−36%GNWGenworth Finl Inc$2–$18/sh FSKFs Kkr Cap Corp$0–$21/sh

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Ray Dalio holds 8 positions now in the strike zone.

See the full strike-zone list

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
State Str Spdr S&P 500 Etf TSPY	$2.84B	—	8	4,364,862	11.1% → 12.7% ▼
Ishares TrIVV	$1.75B	—	3	2,679,084	10.5% → 7.8% ▼
Amazon Com IncAMZN	$914.0M	Above value	31	4,388,711	New · 4.1%
Nvidia CorporationNVDA	$818.5M	Above value	17	4,693,003	2.6% → 3.7% ▲
Alphabet IncGOOGL	$574.5M	Above value	34	1,997,674	1.8% → 2.6% ▲
Broadcom IncAVGO	$568.1M	Above value	11	1,835,380	New · 2.5%
Micron Technology IncMU	$498.6M	Above value	4	1,475,704	New · 2.2%
Microsoft CorpMSFT	$401.6M	Above value	32	1,084,979	1.7% → 1.8% ▲
Ge Vernova IncGEV	$379.6M	Above value	4	434,897	New · 1.7%
Taiwan Semiconductor ManufacTSM	$364.0M	—	21	1,077,079	New · 1.6%
Lam Research CorpLRCX	$335.7M	Above value	6	1,571,229	1.9% → 1.5% ▼
Advanced Micro Devices IncAMD	$263.0M	Above value	3	1,292,767	New · 1.2%
Newmont CorpNEM	$250.8M	Above value	2	2,316,641	New · 1.1%
Oracle CorpORCL	$234.2M	Above value	9	1,592,069	New · 1.0%
Ishares IncEWY	$217.3M	—	3	1,766,264	New · 1.0%
Marvell Technology IncMRVL	$193.0M	Above value	3	1,948,947	New · 0.9%
Applied Matls IncAMAT	$191.4M	Above value	9	559,918	New · 0.9%
Johnson & JohnsonJNJ	$170.3M	Above value	11	696,884	New · 0.8%
Meta Platforms IncMETA	$166.9M	Above value	27	291,665	New · 0.7%
Arista Networks IncANET	$163.3M	Above value	2	1,330,091	New · 0.7%
Kla CorpKLAC	$160.0M	Within band	2	108,674	New · 0.7%
Celestica IncCLS	$148.1M	Above value	5	525,621	New · 0.7%
Vanguard Intl Equity Index FVWO	$147.1M	—	4	2,721,740	New · 0.7%
Apple IncAAPL	$143.0M	Above value	21	563,492	New · 0.6%
Union Pac CorpUNP	$129.3M	Above value	9	532,850	New · 0.6%

State Str Spdr S&P 500 Etf TSPY
Value$2.84BValuation—Holders8Weight (prev→now)11.1% → 12.7% ▼
Ishares TrIVV
Value$1.75BValuation—Holders3Weight (prev→now)10.5% → 7.8% ▼
Amazon Com IncAMZN
Value$914.0MValuationAbove valueHolders31Weight (prev→now)New · 4.1%
Nvidia CorporationNVDA
Value$818.5MValuationAbove valueHolders17Weight (prev→now)2.6% → 3.7% ▲
Alphabet IncGOOGL
Value$574.5MValuationAbove valueHolders34Weight (prev→now)1.8% → 2.6% ▲
Broadcom IncAVGO
Value$568.1MValuationAbove valueHolders11Weight (prev→now)New · 2.5%
Micron Technology IncMU
Value$498.6MValuationAbove valueHolders4Weight (prev→now)New · 2.2%
Microsoft CorpMSFT
Value$401.6MValuationAbove valueHolders32Weight (prev→now)1.7% → 1.8% ▲
Ge Vernova IncGEV
Value$379.6MValuationAbove valueHolders4Weight (prev→now)New · 1.7%
Taiwan Semiconductor ManufacTSM
Value$364.0MValuation—Holders21Weight (prev→now)New · 1.6%
Lam Research CorpLRCX
Value$335.7MValuationAbove valueHolders6Weight (prev→now)1.9% → 1.5% ▼
Advanced Micro Devices IncAMD
Value$263.0MValuationAbove valueHolders3Weight (prev→now)New · 1.2%
Newmont CorpNEM
Value$250.8MValuationAbove valueHolders2Weight (prev→now)New · 1.1%
Oracle CorpORCL
Value$234.2MValuationAbove valueHolders9Weight (prev→now)New · 1.0%
Ishares IncEWY
Value$217.3MValuation—Holders3Weight (prev→now)New · 1.0%
Marvell Technology IncMRVL
Value$193.0MValuationAbove valueHolders3Weight (prev→now)New · 0.9%
Applied Matls IncAMAT
Value$191.4MValuationAbove valueHolders9Weight (prev→now)New · 0.9%
Johnson & JohnsonJNJ
Value$170.3MValuationAbove valueHolders11Weight (prev→now)New · 0.8%
Meta Platforms IncMETA
Value$166.9MValuationAbove valueHolders27Weight (prev→now)New · 0.7%
Arista Networks IncANET
Value$163.3MValuationAbove valueHolders2Weight (prev→now)New · 0.7%
Kla CorpKLAC
Value$160.0MValuationWithin bandHolders2Weight (prev→now)New · 0.7%
Celestica IncCLS
Value$148.1MValuationAbove valueHolders5Weight (prev→now)New · 0.7%
Vanguard Intl Equity Index FVWO
Value$147.1MValuation—Holders4Weight (prev→now)New · 0.7%
Apple IncAAPL
Value$143.0MValuationAbove valueHolders21Weight (prev→now)New · 0.6%
Union Pac CorpUNP
Value$129.3MValuationAbove valueHolders9Weight (prev→now)New · 0.6%

Showing top 25 of 993 positions

Exited this quarter (1)Salesforce Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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