Ray Dalio portfolio, Bridgewater Associates 13F holdings

Ray Dalio (founder). Quarterly 13F portfolio: every reported position with value, portfolio weight and the change in shares since the prior quarter.

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2026-06-30

Quarter ended

$24.38B

Reported value

997

Positions

New positions

Eversource Energy
AppLovin
Consolidated Edison
NiSource
ServiceNow

Added to

SPY
VOO
Newmont
Vanguard Intl Equity Index F
Altria Group

Reduced

NVIDIA
Broadcom
Amazon.com
Lam Research
Advanced Micro Devices

Holdings

The 200 largest of 997 positions, by value; lines filed separately for one ticker, or for share classes of one company, show as one row.

#	Issuer	Ticker	Value	% of Portfolio	Shares	QoQ Shares
1	STATE STR SPDR S&P 500 ETF T	SPY	$3.97B	16.3%	5.32M	+955.4K
2	ISHARES TR	IVV	$2.25B	9.2%	3.00M	n/a
3	NVIDIA	NVDA	$773.6M	3.2%	3.87M	-826.8K
4	Alphabet	GOOGL, GOOG	$498.7M	2.0%	1.40M	-988.3K
5	Broadcom	AVGO	$497.8M	2.0%	1.32M	-517.5K
6	Amazon.com	AMZN	$482.8M	2.0%	2.03M	-2.36M
7	Lam Research	LRCX	$406.6M	1.7%	938.2K	-633.0K
8	VANGUARD INDEX FDS	VOO	$314.8M	1.3%	458.4K	+299.8K
9	Advanced Micro Devices	AMD	$312.9M	1.3%	538.6K	-754.1K
10	ISHARES INC	EWY	$279.6M	1.1%	1.38M	n/a
11	Microsoft	MSFT	$265.6M	1.1%	711.9K	-373.1K
12	Newmont	NEM	$251.7M	1.0%	2.70M	+378.5K
13	Applied Materials	AMAT	$210.7M	0.9%	291.4K	-268.5K
14	Oracle	ORCL	$210.0M	0.9%	1.43M	-159.1K
15	Seagate Technology Holdings	STX	$192.8M	0.8%	199.8K	-129.3K
16	Johnson & Johnson	JNJ	$169.9M	0.7%	669.1K	-27.7K
17	VANGUARD INTL EQUITY INDEX F	VWO	$164.0M	0.7%	2.75M	+25.1K
18	GE Vernova	GEV	$144.2M	0.6%	122.8K	-312.1K
19	Union Pacific	UNP	$139.9M	0.6%	514.3K	-18.6K
20	Micron Technology	MU	$134.7M	0.6%	116.7K	-1.36M
21	ISHARES TR	MBB	$131.1M	0.5%	1.39M	n/a
22	Altria Group	MO	$124.3M	0.5%	1.73M	+21.7K
23	Amphenol	APH	$123.0M	0.5%	697.6K	-165.4K
24	Asml Holding	ASML	$122.7M	0.5%	61.7K	-30.5K
25	Barrick Mining	B	$121.4M	0.5%	3.30M	+225.6K
26	Celestica	CLS	$120.6M	0.5%	330.7K	-194.9K
27	Vistra	VST	$119.2M	0.5%	751.7K	+403.2K
28	Shell	SHEL	$118.3M	0.5%	1.53M	+1.21M
29	Sea	SE	$115.4M	0.5%	1.20M	-133.6K
30	ISHARES TR	LQD	$114.6M	0.5%	1.05M	n/a
31	Nucor	NUE	$114.4M	0.5%	513.4K	-105.1K
32	PACCAR	PCAR	$113.6M	0.5%	946.1K	+169.0K
33	Western Digital	WDC	$110.1M	0.5%	172.4K	-76.6K
34	ISHARES INC	IEMG	$110.0M	0.5%	1.33M	n/a
35	CSX	CSX	$106.0M	0.4%	2.23M	-145.3K
36	Petrobras	PBR	$105.4M	0.4%	6.52M	+5.37M
37	Apple	AAPL	$105.4M	0.4%	364.4K	-199.1K
38	Eli Lilly	LLY	$104.4M	0.4%	87.0K	+16.2K
39	PG&E	PCG	$99.8M	0.4%	5.93M	+5.91M
40	KLA	KLAC	$99.0M	0.4%	328.1K	+219.4K
41	Comfort Systems USA	FIX	$96.1M	0.4%	48.5K	-38.0K
42	NXP Semiconductors	NXPI	$94.8M	0.4%	337.4K	+74.6K
43	Wells Fargo	WFC	$94.7M	0.4%	1.15M	+203.3K
44	Edison International	EIX	$91.9M	0.4%	1.23M	+1.09M
45	ISHARES INC	EMXC	$90.1M	0.4%	880.5K	n/a
46	Marathon Petroleum	MPC	$89.3M	0.4%	349.2K	+271.9K
47	Steel Dynamics	STLD	$86.8M	0.4%	378.5K	-59.6K
48	Eversource Energy	ES	$86.4M	0.4%	1.20M	+1.20M
49	TE Connectivity	TEL	$86.0M	0.4%	426.7K	+90.5K
50	Analog Devices	ADI	$80.7M	0.3%	203.2K	+148.1K
51	HCA Healthcare	HCA	$79.2M	0.3%	203.2K	+29.4K
52	Tapestry	TPR	$79.0M	0.3%	539.4K	+219.1K
53	AppLovin	APP	$75.5M	0.3%	146.6K	+146.6K
54	Valero Energy	VLO	$74.2M	0.3%	285.0K	+151.0K
55	Citigroup	C	$73.2M	0.3%	522.7K	-270.7K
56	EOG Resources	EOG	$70.0M	0.3%	539.4K	+526.9K
57	Consolidated Edison	ED	$69.0M	0.3%	623.6K	+623.6K
58	Baker Hughes	BKR	$67.7M	0.3%	1.22M	-161.2K
59	NiSource	NI	$67.0M	0.3%	1.41M	+1.41M
60	TechnipFMC	FTI	$65.6M	0.3%	989.8K	+739.0K
61	ServiceNow	NOW	$63.1M	0.3%	635.4K	+635.4K
62	SLB	SLB	$62.2M	0.3%	1.34M	+594.1K
63	Meta Platforms	META	$62.0M	0.3%	110.1K	-181.6K
64	United Therapeutics	UTHR	$60.3M	0.2%	111.3K	+157
65	Citizens Financial Group	CFG	$59.4M	0.2%	847.9K	+134.2K
66	Monster Beverage	MNST	$58.2M	0.2%	605.4K	-165.4K
67	Bank of America	BAC	$58.2M	0.2%	1.02M	-22.2K
68	Duke Energy	DUK	$56.0M	0.2%	442.1K	+442.1K
69	Ovintiv	OVV	$54.8M	0.2%	1.04M	+671.4K
70	Halliburton	HAL	$54.0M	0.2%	1.59M	+1.56M
71	Marvell Technology	MRVL	$54.0M	0.2%	181.2K	-1.77M
72	AngloGold Ashanti	AU	$53.8M	0.2%	665.6K	+68.3K
73	Truist Financial	TFC	$53.7M	0.2%	1.08M	+347.1K
74	PPL	PPL	$53.4M	0.2%	1.47M	+1.04M
75	McKesson	MCK	$53.2M	0.2%	70.4K	+3.0K
76	Antero Resources	AR	$53.0M	0.2%	1.51M	+1.34M
77	Southwest Airlines	LUV	$52.6M	0.2%	1.02M	+322.6K
78	MetLife	MET	$52.6M	0.2%	621.5K	-5.0K
79	Nutanix	NTNX	$50.9M	0.2%	998.8K	+998.8K
80	Ciena	CIEN	$49.6M	0.2%	101.0K	-42.8K
81	Credo Technology Group Holding	CRDO	$48.7M	0.2%	179.0K	-849.2K
82	Insmed	INSM	$48.6M	0.2%	455.4K	+159.8K
83	Sibanye Stillwater	SBSW	$48.3M	0.2%	5.69M	+1.27M
84	Teradyne	TER	$47.7M	0.2%	98.6K	-240.3K
85	APA	APA	$47.0M	0.2%	1.44M	+1.44M
86	Talen Energy	TLN	$46.7M	0.2%	121.5K	-144.6K
87	Popular	BPOP	$45.7M	0.2%	278.2K	-39.0K
88	CVS Health	CVS	$45.6M	0.2%	441.0K	-177.5K
89	Teva Pharmaceutical Industries	TEVA	$44.9M	0.2%	1.33M	+198.3K
90	Reddit	RDDT	$44.7M	0.2%	257.4K	+188.6K
91	Timken	TKR	$44.0M	0.2%	302.7K	+110.8K
92	Arista Networks	ANET	$43.2M	0.2%	254.3K	-1.08M
93	First Horizon	FHN	$41.9M	0.2%	1.63M	+1.8K
94	Verizon Communications	VZ	$41.5M	0.2%	980.5K	+545.6K
95	BorgWarner	BWA	$41.4M	0.2%	623.5K	-26.3K
96	nVent Electric	NVT	$41.2M	0.2%	243.0K	-18.2K
97	Zions Bancorporation, National Association	ZION	$40.9M	0.2%	591.4K	-133.5K
98	Expand Energy	EXE	$40.8M	0.2%	447.9K	+447.9K
99	NRG Energy	NRG	$40.6M	0.2%	277.9K	-310.6K
100	Zebra Technologies	ZBRA	$39.8M	0.2%	151.3K	+136.9K
101	Toast	TOST	$39.8M	0.2%	1.43M	+1.09M
102	Vale	VALE	$39.5M	0.2%	2.63M	-1.36M
103	Transocean	RIG	$38.9M	0.2%	7.96M	+7.54M
104	S&P Global	SPGI	$38.7M	0.2%	95.0K	+62.3K
105	Dollar Tree	DLTR	$38.2M	0.2%	315.9K	+292.0K
106	Suncor Energy	SU	$38.1M	0.2%	708.8K	+296.5K
107	General Electric	GE	$38.0M	0.2%	101.6K	-19.0K
108	Medtronic	MDT	$37.7M	0.2%	482.5K	+227.3K
109	Onto Innovation	ONTO	$37.5M	0.2%	99.0K	-249.4K
110	RBC Bearings	RBC	$37.2M	0.2%	57.7K	+51.4K
111	Gilead Sciences	GILD	$36.7M	0.2%	290.9K	+110.1K
112	KeyCorp	KEY	$36.3M	0.1%	1.57M	+609.2K
113	Halozyme Therapeutics	HALO	$36.3M	0.1%	463.1K	-48.3K
114	Lennox International	LII	$36.2M	0.1%	63.2K	+58.2K
115	Nov	NOV	$36.1M	0.1%	1.94M	+1.76M
116	HF Sinclair	DINO	$35.6M	0.1%	510.5K	+197.3K
117	Neurocrine Biosciences	NBIX	$34.7M	0.1%	205.7K	+57.5K
118	FNB	FNB	$34.4M	0.1%	1.80M	-10.6K
119	Universal Health Services	UHS	$33.9M	0.1%	228.1K	+91.8K
120	Airbnb	ABNB	$33.9M	0.1%	236.9K	+209.9K
121	Jabil	JBL	$33.7M	0.1%	87.5K	+48.0K
122	Deckers Outdoor	DECK	$33.4M	0.1%	336.6K	-31.3K
123	BridgeBio Pharma	BBIO	$33.4M	0.1%	448.1K	+188.7K
124	Western Alliance Bancorporation	WAL	$33.0M	0.1%	401.7K	+210.9K
125	Vulcan Materials	VMC	$32.1M	0.1%	108.7K	+108.7K
126	Regeneron Pharmaceuticals	REGN	$32.0M	0.1%	51.3K	+28.6K
127	United Rentals	URI	$31.7M	0.1%	27.9K	+17.6K
128	Tenaris	TS	$31.5M	0.1%	568.2K	+539.6K
129	Block	XYZ	$31.4M	0.1%	413.1K	+272.4K
130	Cardinal Health	CAH	$31.4M	0.1%	132.1K	+16.8K
131	British American Tobacco	BTI	$31.3M	0.1%	506.7K	-259.2K
132	Agnico Eagle Mines	AEM	$30.5M	0.1%	196.8K	+108.1K
133	Devon Energy	DVN	$30.4M	0.1%	735.2K	+735.2K
134	Carpenter Technology	CRS	$30.1M	0.1%	48.9K	+6.4K
135	Qualcomm	QCOM	$30.0M	0.1%	162.5K	-61.4K
136	Alnylam Pharmaceuticals	ALNY	$30.0M	0.1%	99.6K	-7.0K
137	United Airlines Holdings	UAL	$29.7M	0.1%	218.6K	+138.4K
138	Exxon Mobil	XOM	$29.6M	0.1%	216.2K	+216.2K
139	Kinross Gold	KGC	$29.3M	0.1%	1.24M	+81.3K
140	Walmart	WMT	$29.3M	0.1%	258.8K	+7.0K
141	Capital One Financial	COF	$29.2M	0.1%	145.5K	+145.5K
142	Keysight Technologies	KEYS	$29.0M	0.1%	82.9K	+7.4K
143	T-Mobile US	TMUS	$28.9M	0.1%	172.6K	+74.1K
144	AMETEK	AME	$28.5M	0.1%	117.7K	+1.2K
145	Visa	V	$28.0M	0.1%	81.5K	+56.4K
146	Permian Resources	PR	$27.9M	0.1%	1.52M	+1.52M
147	Grab Holdings	GRAB	$27.9M	0.1%	7.40M	-919.8K
148	Regal Rexnord	RRX	$27.8M	0.1%	116.8K	+113.1K
149	Globus Medical	GMED	$27.8M	0.1%	352.0K	+21.5K
150	Manulife Financial	MFC	$27.8M	0.1%	684.9K	-1.43M
151	Gulfport Energy	GPOR	$27.1M	0.1%	159.9K	+68.1K
152	CF Industries Holdings	CF	$27.0M	0.1%	249.7K	+230.8K
153	DexCom	DXCM	$27.0M	0.1%	400.9K	+261.2K
154	Viatris	VTRS	$27.0M	0.1%	1.70M	+972.5K
155	Reinsurance Group Of America	RGA	$26.9M	0.1%	126.4K	+26.2K
156	EMCOR Group	EME	$26.8M	0.1%	32.2K	-40.6K
157	GSK	GSK	$26.4M	0.1%	504.2K	-194.5K
158	Sanmina	SANM	$26.3M	0.1%	104.0K	+48.6K
159	Otis Worldwide	OTIS	$26.1M	0.1%	364.3K	+85.9K
160	FormFactor	FORM	$26.0M	0.1%	162.6K	+112.4K
161	Everest Group	EG	$25.8M	0.1%	72.2K	+54.6K
162	Chevron	CVX	$25.7M	0.1%	154.8K	+151.9K
163	Microchip Technology	MCHP	$25.2M	0.1%	275.9K	+246.9K
164	MP Materials	MP	$25.0M	0.1%	446.3K	+338.3K
165	Edwards Lifesciences	EW	$24.9M	0.1%	275.3K	+103.4K
166	Centene	CNC	$24.9M	0.1%	387.2K	+219.1K
167	Costco Wholesale	COST	$24.8M	0.1%	26.5K	-1.1K
168	Crane	CR	$24.6M	0.1%	110.5K	+7.0K
169	Flagstar Bank, National Association	FLG	$24.4M	0.1%	1.63M	-79.6K
170	Cigna Group	CI	$24.2M	0.1%	87.9K	-140.6K
171	Renaissancere Holdings	RNR	$24.0M	0.1%	75.6K	-6.6K
172	Portland General Electric	POR	$23.9M	0.1%	461.1K	+346.0K
173	Insulet	PODD	$23.8M	0.1%	156.4K	+121.1K
174	Vertiv Holdings	VRT	$23.8M	0.1%	71.1K	-358.7K
175	Hexcel	HXL	$23.6M	0.1%	236.3K	+214.3K
176	TG Therapeutics	TGTX	$23.6M	0.1%	429.9K	+118.5K
177	Valaris	VAL	$23.4M	0.1%	321.7K	+285.8K
178	Five Below	FIVE	$23.3M	0.1%	129.6K	+67.7K
179	Liberty Energy	LBRT	$23.1M	0.1%	883.7K	+669.5K
180	Chubb	CB	$22.8M	0.1%	67.0K	+22.3K
181	ATI	ATI	$22.7M	0.1%	114.9K	+93.0K
182	Comcast	CMCSA	$22.6M	0.1%	920.4K	-272.3K
183	American International Group	AIG	$22.0M	0.1%	295.1K	+118.8K
184	Woodward	WWD	$21.9M	0.1%	51.4K	-11.8K
185	American Electric Power	AEP	$21.8M	0.1%	159.6K	+107.7K
186	Smurfit Westrock	SW	$21.8M	0.1%	472.0K	+472.0K
187	GXO Logistics	GXO	$21.8M	0.1%	430.3K	+365.2K
188	Exelixis	EXEL	$21.8M	0.1%	400.9K	-80.1K
189	Century Aluminum	CENX	$21.8M	0.1%	473.9K	-258.6K
190	Arch Capital Group	ACGL	$21.7M	0.1%	223.9K	-22.3K
191	Kennametal	KMT	$21.4M	0.1%	611.5K	-27.7K
192	Phillips 66	PSX	$21.2M	0.1%	125.5K	-27.8K
193	Hasbro	HAS	$20.8M	0.1%	251.8K	+251.8K
194	FedEx	FDX	$20.8M	0.1%	66.3K	+64.9K
195	Etsy	ETSY	$20.6M	0.1%	273.3K	+204.6K
196	Corteva	CTVA	$20.6M	0.1%	243.1K	+243.1K
197	Eastern Bankshares	EBC	$20.6M	0.1%	924.8K	-16.5K
198	Ross Stores	ROST	$20.6M	0.1%	96.6K	+34.3K
199	XP	XP	$20.4M	0.1%	1.26M	+1.26M

ISHARES TR, Alphabet and ISHARES INC are filed on more than one line (share classes, or several funds under one trust name), so they're left out of the new, added and reduced lists, and the change in shares shows as n/a for ISHARES TR and ISHARES INC. A row that joins share classes shows their changes added together.

13F filings arrive up to 45 days after quarter end and cover US-listed long positions only. Positions may have changed since. This is observation data, not a recommendation.

What the latest data says

As of the quarter ended 2026-06-30, Bridgewater Associates reported 997 US-listed positions worth $24.38B. The largest is SPY at 16.3% of the reported portfolio, and the top five holdings make up 33% of it, a moderately concentrated book. New this quarter: Eversource Energy, AppLovin, Consolidated Edison. Trimmed: NVIDIA, Broadcom, Amazon.com.

What this data is

Fund holdings (13F) for Bridgewater Associates

Institutional managers with more than $100 million in US equities file a Form 13F within 45 days of each quarter end, listing every long position they held on the last day of the quarter. The site follows a fixed set of 30 managers and turns each filing into a table: the position, its value, its weight in the portfolio and how the share count changed from the previous quarter.

13F data is old by the time it's public, up to 135 days from the trade in the worst case. It won't tell you what a manager did yesterday. It tells you what they own, what they've been building for several quarters, and what they exited.

This page follows Bridgewater Associates only. The full list and the cross-market view live on the Fund holdings (13F) hub.

Source and updates

Source: SEC EDGAR Form 13F filings
Credit: SEC.
Updates: Quarterly. Managers file up to 45 days after quarter end, and new filings show here within a week. Latest quarter 2026-06-30.
History: Quarter ended December 2020.
This series: 997 positions in the quarter ended 2026-06-30 filing; 214 new, 396 increased, 372 reduced.
Get the data: JSON API and CSV download10 requests a minute without a key, 30 with a free key from a free account.

How to read it

The change column is the story. A position built over three quarters is conviction; a position that appeared and vanished was a trade.
Portfolio weight beats dollar value for comparing managers of different sizes.
Treat every 13F number as weeks old and read it for structure, not timing.

Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.

Frequently Asked Questions

What does Ray Dalio own?

Bridgewater Associates' 13F for the quarter ended 30 June 2026 lists 997 US-listed positions, $24.38B in all. The largest are SPY (16.3%), IVV (9.2%), NVIDIA (3.2%), Broadcom (2.0%), Amazon.com (2.0%).

What did Ray Dalio buy last quarter?

New positions in the quarter ended 30 June 2026: Eversource Energy, AppLovin, Consolidated Edison, NiSource, ServiceNow. Added to: SPY, VOO, Newmont, Vanguard Intl Equity Index F, Altria Group.

What did Ray Dalio sell last quarter?

Reduced in the quarter ended 30 June 2026: NVIDIA, Broadcom, Amazon.com, Lam Research, Advanced Micro Devices. Positions sold in full no longer appear in the filing.

How current is Bridgewater Associates's portfolio here?

It reflects the latest 13F-HR filing, which managers submit up to 45 days after each quarter ends. Positions may have changed since.

Why do share counts change quarter to quarter?

The QoQ column shows shares bought or sold versus the prior quarter's filing. A position equal to its change is brand new.

Does this show short positions?

No. 13F filings only disclose US-listed long positions. Puts and calls the manager holds are listed on their own lines, valued at the shares they cover; shorts, bonds and non-US holdings are not reported.

What should I read first?

The change column. The largest holding is usually old news; what was added, trimmed or exited this quarter is where the information is.

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.