Ray Dalio

Bridgewater Associates·macro·Quant & multi-strat

Closed

~11.5–12% since 1991

Portfolio value

$24.4B

Positions

986

Top 5 concentration

33%

New buys this quarter

Quarterly activity

What Ray Dalio bought and sold each quarter.

Jun 2026vs Mar 2026

Bought (25)

$ESNew buy0.4%$EDNew buy0.3%$APPNew buy0.3%$NINew buy0.3%$NOWNew buy0.3%$APANew buy0.2%$EXENew buy0.2%$DUKNew buy0.2%$NTNXNew buy0.2%$WSONew buy0.1%$MTCHNew buy0.1%$COFNew buy0.1%$YPFADRNew buy0.1%$GPNNew buy0.1%$NENew buy0.1%$XPNew buy0.1%$FENew buy0.1%$MCONew buy0.1%$CHRDNew buy0.1%$VMCNew buy0.1%$CTVANew buy0.1%$DVNNew buy0.1%$EQTNew buy0.1%$XOMNew buy0.1%$NOVTNew buy0.1%

Sold (25)

$ALABTrimmed-99.9%$AMKRTrimmed-99.5%$ARMADRTrimmed-99.2%$ELFTrimmed-98.3%$TSEMTrimmed-98.3%$SNTrimmed-97.7%$SHCTrimmed-97.2%$TSMADRTrimmed-96.8%$SNDKTrimmed-96.6%$IRENTrimmed-96.3%$AFLTrimmed-96%$OGETrimmed-95.8%$CDNSTrimmed-95.6%$VECOTrimmed-95.3%$BCSADRTrimmed-95.3%$HPETrimmed-94.7%$DELLTrimmed-94.5%$CGNXTrimmed-94.1%$SHWTrimmed-93%$PFGTrimmed-92.8%$RMBSTrimmed-92.5%$MUTrimmed-92.1%$DLRTrimmed-91.4%$FIGSTrimmed-91.4%$CATTrimmed-91.1%

Mar 2026vs Dec 2025

Bought (25)

$TSMADRNew buy1.6%$NUENew buy0.5%$GOOGNew buy0.5%$PCARNew buy0.4%$STLDNew buy0.4%$SNPSNew buy0.4%$EMXCNew buy0.4%$TSEMNew buy0.4%$INSMNew buy0.2%$CRWVNew buy0.1%$CSTMNew buy0.1%$ROSTNew buy0.1%$KMTNew buy0.1%$TRINew buy0.1%$LPXNew buy0.1%$WALNew buy0.1%$AAOINew buy0.1%$ASXADRNew buy0.1%$HUTNew buy0.1%$JNew buy0.1%$PBRADRNew buy0.1%$EMRNew buy0.1%$RALNew buy0.1%$SWKNew buy0%$EXPDNew buy0%

Sold (25)

$NOWSold out$CRMSold out$WDAYSold out$ADBETrimmed-99.9%$BKNGTrimmed-99.9%$EXPETrimmed-99.8%$PYPLTrimmed-99.7%$OMCTrimmed-99.3%$GNTXTrimmed-99.1%$MATrimmed-99%$PATHTrimmed-98.3%$TDOCTrimmed-98.1%$CALMTrimmed-97.9%$FRSHTrimmed-97.8%$HUBSTrimmed-97.7%$APTVTrimmed-97.7%$UBERTrimmed-97.3%$WBDTrimmed-97.3%$TXTTrimmed-97.2%$VRSNTrimmed-97.1%$ESTCTrimmed-96.9%$LDOSTrimmed-96.7%$EBAYTrimmed-96.4%$TEAMTrimmed-95.9%$FICOTrimmed-95.8%

Dec 2025vs Sep 2025

Bought (25)

$CATNew buy0.1%$FHNNew buy0.1%$FNew buy0.1%$ARMADRNew buy0.1%$DELLNew buy0.1%$IGVNew buy0.1%$CEGNew buy0.1%$MANNew buy0%$GTESNew buy0%$TDGNew buy0%$FORMNew buy0%$TRMBNew buy0%$PCHNew buy0%$NTRSNew buy0%$WBDNew buy0%$FROGNew buy0%$LUVNew buy0%$CMCNew buy0%$MIRNew buy0%$CFLTNew buy0%$CRNew buy0%$NEENew buy0%$VTRNew buy0%$EIXNew buy0%$PIPRNew buy0%

Sold (25)

$FISold out$FOURTrimmed-98.2%$FFIVTrimmed-98.1%$EQTTrimmed-97.7%$HWCTrimmed-97.4%$LWTrimmed-95.9%$URBNTrimmed-95.3%$BXTrimmed-95.3%$HIMSTrimmed-94.9%$ABBVTrimmed-94.5%$EXLSTrimmed-93.6%$MRNATrimmed-93.2%$ADITrimmed-92.6%$ROKTrimmed-90.2%$SMTrimmed-90.1%$EBAYTrimmed-89.4%$FCNTrimmed-88.8%$SPGTrimmed-88.2%$SEETrimmed-88%$AMETrimmed-87.3%$CNCTrimmed-86%$LULUTrimmed-85.3%$TRUPTrimmed-85.2%$MARTrimmed-85.1%$EYETrimmed-84.4%

Sep 2025vs Jun 2025

Bought (25)

$RDDTNew buy0.6%$HOODNew buy0.5%$APHNew buy0.4%$AMATNew buy0.4%$UNPNew buy0.2%$SCHWNew buy0.2%$ADSKNew buy0.2%$CHKPNew buy0.2%$CRDONew buy0.2%$MNDYNew buy0.2%$IBKRNew buy0.2%$CORTNew buy0.1%$ECLNew buy0.1%$FNBNew buy0.1%$ITNew buy0.1%$CARTNew buy0.1%$RSGNew buy0.1%$SLBNew buy0.1%$TERNew buy0.1%$ALNYNew buy0.1%$APTVNew buy0.1%$BACNew buy0.1%$CADENew buy0.1%$CRBGNew buy0.1%$CRWVNew buy0.1%

Sold (25)

$GLDSold out$SPOTSold out$DHITrimmed-99.5%$RIOADRTrimmed-99.3%$TTrimmed-99.2%$ULTATrimmed-99.2%$XOMTrimmed-97.7%$BTUTrimmed-97.1%$MWATrimmed-95.3%$PANWTrimmed-94.2%$ERJADRTrimmed-93.9%$IEMGTrimmed-93.2%$XYZTrimmed-92.8%$TROXTrimmed-92.2%$UTHRTrimmed-91.8%$KRTrimmed-91.7%$HMYADRTrimmed-90.9%$FAFTrimmed-90.5%$PAYCTrimmed-89.8%$SMCITrimmed-89.3%$SLMTrimmed-88.3%$FOXATrimmed-88%$AMGTrimmed-87%$GILTrimmed-86.8%$SLABTrimmed-85.4%

Jun 2025vs Mar 2025

Bought (25)

$ARMADRNew buy0.3%$INTUNew buy0.2%$LYFTNew buy0.2%$EQTNew buy0.2%$KEYNew buy0.1%$EQNRADRNew buy0.1%$CFNew buy0.1%$JBLNew buy0.1%$OKTANew buy0.1%$ARNew buy0.1%$BNew buy0.1%$KEYSNew buy0.1%$MPCNew buy0.1%$VRTXNew buy0.1%$ULTANew buy0.1%$SARONew buy0.1%$FLNew buy0%$TEMNew buy0%$WBSNew buy0%$DLBNew buy0%$TDCNew buy0%$OCFCNew buy0%$CHWYNew buy0%$PPBINew buy0%$BCONew buy0%

Sold (25)

$BABAADRSold out$PDDADRSold out$JDADRSold out$BIDUADRSold out$BLDRTrimmed-99.1%$ANTrimmed-98.6%$TRITrimmed-98.3%$SNATrimmed-96.7%$RYTrimmed-95.8%$CMTrimmed-95.7%$RMDTrimmed-95.6%$VNOMTrimmed-95.2%$BMOTrimmed-95%$CBTrimmed-94.6%$STLDTrimmed-94.4%$WABTrimmed-93.9%$EMNTrimmed-92.5%$PCHTrimmed-91.9%$SJMTrimmed-91.6%$NFLXTrimmed-91.4%$KBHTrimmed-90.9%$VRTTrimmed-90.6%$FIXTrimmed-90.4%$NVRTrimmed-90.4%$SNXTrimmed-90.4%

Mar 2025vs Dec 2024

Bought (25)

$GLDNew buy1.5%$UALNew buy0.5%$XYZNew buy0.5%$JDADRNew buy0.5%$CBNew buy0.4%$DALNew buy0.3%$BLDRNew buy0.2%$GSNew buy0.2%$ALKNew buy0.2%$RJFNew buy0.1%$FANGNew buy0.1%$CRSNew buy0.1%$RYAAYADRNew buy0.1%$CACINew buy0.1%$AANew buy0.1%$NFLXNew buy0.1%$SPOTNew buy0.1%$ALLENew buy0.1%$JPMNew buy0.1%$FRSHNew buy0.1%$VRSKNew buy0.1%$NUENew buy0.1%$DKNGNew buy0.1%$LUVNew buy0.1%$WSCNew buy0.1%

Sold (25)

$APPTrimmed-98.7%$IMOTrimmed-97.7%$FSLRTrimmed-97%$LLYTrimmed-96.7%$LIITrimmed-96.5%$SNOWTrimmed-96.2%$RNRTrimmed-96%$ZBHTrimmed-95.7%$ABNBTrimmed-95.5%$IQADRTrimmed-95.5%$WSMTrimmed-95.4%$BBWITrimmed-95.1%$RLTrimmed-94.6%$COKETrimmed-93.4%$EWWETFTrimmed-93.2%$CORTrimmed-93.1%$DDTrimmed-92.9%$HPQTrimmed-92.9%$AZOTrimmed-92.5%$TMUSTrimmed-91.8%$STZTrimmed-91.5%$VALTrimmed-91.3%$GHCTrimmed-90.8%$DLRTrimmed-90.5%$SMTrimmed-88.2%

Dec 2024vs Sep 2024

Bought (25)

$TSLANew buy0.3%$NOWNew buy0.3%$SNPSNew buy0.1%$BNNew buy0.1%$CNXNew buy0.1%$ETNNew buy0.1%$MRNANew buy0.1%$NTNXNew buy0.1%$ORCLNew buy0.1%$FENew buy0.1%$PPLNew buy0.1%$DARNew buy0.1%$ONCADRNew buy0%$GRABNew buy0%$CNKNew buy0%$DOCNew buy0%$CARRNew buy0%$BXNew buy0%$ULADRNew buy0%$NWGADRNew buy0%$KNXNew buy0%$DDNew buy0%$ITNew buy0%$ITWNew buy0%$FHNNew buy0%

Sold (25)

$VOOETFSold out$MUSold out$CVXTrimmed-99%$ULTATrimmed-98.3%$PLTRTrimmed-97.6%$FICOTrimmed-97.4%$AMATTrimmed-97.2%$DHITrimmed-97%$FTrimmed-96.5%$HIMSTrimmed-96.2%$NXPITrimmed-96%$EWZETFTrimmed-95.6%$MUSATrimmed-94.9%$AYITrimmed-93.3%$AXPTrimmed-93.3%$CNQTrimmed-93.2%$NEUTrimmed-92.3%$LEATrimmed-92%$IPGTrimmed-91.4%$OGNTrimmed-91.1%$SWTrimmed-91%$EVTCTrimmed-90.5%$FNFTrimmed-90.3%$ZTOADRTrimmed-90.2%$FFIVTrimmed-90%

Sep 2024vs Jun 2024

Bought (25)

$MUNew buy0.6%$EWWETFNew buy0.3%$BABAADRNew buy0.3%$BTIADRNew buy0.2%$CVENew buy0.2%$BIDUADRNew buy0.1%$ASMLNew buy0.1%$TRINew buy0.1%$PWRNew buy0.1%$FNew buy0.1%$AESNew buy0.1%$BACNew buy0.1%$DVNNew buy0.1%$WHDNew buy0.1%$CAGNew buy0%$APTVNew buy0%$BENew buy0%$BHPADRNew buy0%$FERGNew buy0%$AFGNew buy0%$SGMSNew buy0%$MGANew buy0%$BRK-BNew buy0%$SWNew buy0%$PLXSNew buy0%

Sold (25)

$BLDRTrimmed-97.9%$PRTrimmed-97.3%$DOCUTrimmed-97%$DOCSTrimmed-97%$VALTrimmed-96.6%$MGYTrimmed-96.2%$MPCTrimmed-95.7%$UNPTrimmed-95.7%$SHWTrimmed-95.4%$WABTrimmed-94.9%$AVTTrimmed-94.9%$SSNCTrimmed-94.7%$DUOLTrimmed-94.4%$CCKTrimmed-94.4%$BECNTrimmed-93.8%$ZDTrimmed-93.5%$ACNTrimmed-92%$REGNTrimmed-89.6%$VRTXTrimmed-89.6%$WEXTrimmed-89.4%$SNOWTrimmed-89.3%$UFPITrimmed-88.6%$SLGNTrimmed-88.2%$OPCHTrimmed-87.7%$WFRDTrimmed-87.5%

Quarter-over-quarter change in disclosed positions. Diversified book — only the larger sell-outs are shown.

Holdings

Stock	Move	% of portfolio	Quarter-end px	Now	Since quarter-end
$SPYUnit STATE STR SPDR S&P 500 ETF T	Added	16.3%	$746.77	$770.19	+3.1%
$IVVETF ISHARES TR	Added	9.2%	$748.89	$773.92	+3.3%
$NVDA NVIDIA CORPORATION	Trimmed	3.2%	$200.09	$230.36	+15.1%
$AVGO BROADCOM INC	Trimmed	2%	$377.75	$357.90	-5.3%
$AMZN AMAZON COM INC	Trimmed	2%	$238.34	$258.51	+8.5%
$GOOGL ALPHABET INC	Trimmed	1.9%	$357.37	$338.46	-5.3%
$LRCX LAM RESEARCH CORP	Trimmed	1.7%	$433.33	$307.65	-29%
$VOOETF VANGUARD INDEX FDS	Added	1.3%	$686.81	$708.01	+3.1%
$AMD ADVANCED MICRO DEVICES INC	Trimmed	1.3%	$580.91	$477.57	-17.8%
$EWYETF ISHARES INC	Trimmed	1.1%	$201.90	$188.87	-6.5%
$MSFT MICROSOFT CORP	Trimmed	1.1%	$373.02	$499.70	+34%
$NEM NEWMONT CORP	Added	1%	$93.40	$128.09	+37.1%
$AMAT APPLIED MATLS INC	Trimmed	0.9%	$723.00	$454.71	-37.1%
$ORCL ORACLE CORP	Trimmed	0.9%	$146.55	$158.83	+8.4%
$STX SEAGATE TECHNOLOGY HLDNGS PL	Trimmed	0.8%	$965.00	$849.28	-12%
$JNJ JOHNSON & JOHNSON	Held	0.7%	$253.97	$275.23	+8.4%
$VWOETF VANGUARD INTL EQUITY INDEX F	Held	0.7%	$59.69	$61.44	+2.9%
$GEV GE VERNOVA INC	Trimmed	0.6%	$1174.86	$941.95	-19.8%
$UNP UNION PAC CORP	Held	0.6%	$272.00	$289.62	+6.5%
$MU MICRON TECHNOLOGY INC	Trimmed	0.6%	$1154.29	$1016.59	-11.9%
$MBBETF ISHARES TR	Held	0.5%	$94.52	$92.72	-1.9%
$MO ALTRIA GROUP INC	Held	0.5%	$71.95	$68.88	-4.3%
$APH AMPHENOL CORP	Trimmed	0.5%	$176.32	$82.78	-53.1%
$ASML ASML HLDG NV	Trimmed	0.5%	$1989.44	$1714.88	-13.8%
$B BARRICK MNG CORP	Added	0.5%	$36.73	$44.75	+21.8%
$CLS CELESTICA INC	Trimmed	0.5%	$364.80	$312.35	-14.4%
$VST VISTRA CORP	Added	0.5%	$158.63	$149.30	-5.9%
$SHELADR SHELL PLC	Added	0.5%	$77.54	$92.95	+19.9%
$SEADR SEA LTD	Trimmed	0.5%	$95.83	$112.09	+17%
$LQDETF ISHARES TR	Held	0.5%	$109.07	$105.48	-3.3%
$NUE NUCOR CORP	Trimmed	0.5%	$222.75	$261.07	+17.2%
$PCAR PACCAR INC	Added	0.5%	$120.12	$124.70	+3.8%
$WDC WESTERN DIGITAL CORP	Trimmed	0.5%	$638.72	$467.46	-26.8%
$IEMG ISHARES INC	Held	0.5%	$82.84	$83.65	+1%
$CSX CSX CORP	Trimmed	0.4%	$47.53	$49.41	+4%
$PBRADR PETROLEO BRASILEIRO S A	Added	0.4%	$16.16	$20.12	+24.5%
$AAPL APPLE INC	Trimmed	0.4%	$289.36	$319.97	+10.6%
$LLY ELI LILLY & CO	Added	0.4%	$1199.43	$1148.20	-4.3%
$PCG PG&E CORP	Added	0.4%	$16.82	$14.30	-15%
$KLAC KLA CORP	Added	0.4%	$301.71	$185.60	-38.5%
$FIX COMFORT SYS USA INC	Trimmed	0.4%	$1981.95	$1610.34	-18.7%
$NXPI NXP SEMICONDUCTORS N V	Added	0.4%	$281.03	$227.84	-18.9%
$WFC WELLS FARGO & CO	Added	0.4%	$82.64	$89.96	+8.9%
$EIX EDISON INTL	Added	0.4%	$74.45	$56.77	-23.7%
$EMXC ISHARES INC	Trimmed	0.4%	$102.30	$101.12	-1.2%
$MPC MARATHON PETE CORP	Added	0.4%	$255.67	$388.90	+52.1%
$STLD STEEL DYNAMICS INC	Trimmed	0.4%	$229.46	$242.06	+5.5%
$ES EVERSOURCE ENERGY	New buy	0.4%	$72.27	$71.05	-1.7%
$TEL TE CONNECTIVITY PLC	Added	0.4%	$201.61	$208.65	+3.5%
$ADI ANALOG DEVICES INC	Added	0.3%	$397.17	$362.25	-8.8%

Showing top 50 of 986 equity positions (this fund runs a diversified book).

Track Ray Dalio between filings

13Fs land once a quarter. We email you when a tracked manager files a Form 4, a 13D stake or a Form 144 notice of sale — days after it happens, not months.

Source: SEC 13F via FMP · holdings as of Jun 2026 · 45-day filing delay. Long equity positions only. Not financial advice.