Ray Dalio (Bridgewater Associates) portfolio: Q2 2026 13F
Every US-listed position Bridgewater Associates reported in its 13F for Q2 2026, the quarter ended Jun 30, 2026, filed with the SEC on Aug 14, 2026. 997 positions at the quarter end, after opening 214 and exiting 210 during it.
50 largest positions
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF Trust | 16.30% | $3.97B | 5,320,308 | Added |
| IVV | iShares Core S&P 500 ETF | 9.22% | $2.25B | 3,002,286 | Added |
| NVDA | NVIDIA Corp | 3.17% | $773.59M | 3,866,195 | Trimmed |
| AVGO | Broadcom Inc. | 2.04% | $497.85M | 1,317,923 | Trimmed |
| AMZN | Amazon.com Inc | 1.98% | $482.75M | 2,025,481 | Trimmed |
| GOOGL | Alphabet Inc. | 1.94% | $472.51M | 1,322,176 | Trimmed |
| LRCX | Lam Research Corp | 1.67% | $406.56M | 938,224 | Trimmed |
| VOO | Vanguard S&P 500 ETF | 1.29% | $314.82M | 458,381 | Added |
| AMD | Advanced Micro Devices Inc | 1.28% | $312.90M | 538,632 | Trimmed |
| EWY | iShares MSCI South Korea ETF | 1.15% | $279.59M | 1,384,772 | Trimmed |
| MSFT | Microsoft Corp | 1.09% | $265.55M | 711,896 | Trimmed |
| NEM | Newmont Corp | 1.03% | $251.73M | 2,695,170 | Added |
| AMAT | Applied Materials Inc | 0.86% | $210.70M | 291,426 | Trimmed |
| ORCL | Oracle Corp | 0.86% | $210.00M | 1,432,967 | Trimmed |
| STX | Seagate Technology Holdings plc | 0.79% | $192.83M | 199,822 | Trimmed |
| JNJ | Johnson & Johnson | 0.70% | $169.94M | 669,135 | Trimmed |
| VWO | Vanguard Emerging Markets Stock Index Fund | 0.67% | $163.96M | 2,746,819 | Added |
| GEV | GE Vernova Inc. | 0.59% | $144.24M | 122,768 | Trimmed |
| UNP | Union Pacific Corp | 0.57% | $139.88M | 514,266 | Trimmed |
| MU | Micron Technology Inc | 0.55% | $134.67M | 116,666 | Trimmed |
| MBB | iShares MBS ETF | 0.54% | $131.08M | 1,386,800 | Added |
| MO | Altria Group, Inc. | 0.51% | $124.27M | 1,727,216 | Added |
| APH | Amphenol Corp | 0.50% | $123.00M | 697,612 | Trimmed |
| ASML | ASML Holding NV | 0.50% | $122.70M | 61,675 | Trimmed |
| B | Barrick Mining Corp | 0.50% | $121.39M | 3,304,836 | Added |
| CLS | Celestica Inc | 0.49% | $120.64M | 330,689 | Trimmed |
| VST | Vistra Corp. | 0.49% | $119.24M | 751,695 | Added |
| SHEL | Shell plc | 0.49% | $118.34M | 1,526,163 | Added |
| SE | Sea Ltd | 0.47% | $115.43M | 1,204,563 | Trimmed |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.47% | $114.58M | 1,050,500 | Added |
| NUE | Nucor Corp | 0.47% | $114.36M | 513,423 | Trimmed |
| PCAR | PACCAR Inc | 0.47% | $113.65M | 946,107 | Added |
| WDC | Western Digital Corp | 0.45% | $110.12M | 172,415 | Trimmed |
| IEMG | iShares Core MSCI Emerging Markets ETF | 0.45% | $110.03M | 1,328,276 | Trimmed |
| CSX | CSX Corp | 0.43% | $105.99M | 2,229,965 | Trimmed |
| PBR | Petrobras - Petroleo Brasileiro SA | 0.43% | $105.44M | 6,524,553 | Added |
| AAPL | Apple Inc. | 0.43% | $105.44M | 364,377 | Trimmed |
| LLY | Eli Lilly & Co | 0.43% | $104.38M | 87,023 | Added |
| PCG | PG&E Corp | 0.41% | $99.76M | 5,931,314 | Added |
| KLAC | KLA Corp | 0.41% | $98.98M | 328,070 | Trimmed |
| FIX | Comfort Systems USA Inc | 0.39% | $96.14M | 48,506 | Trimmed |
| NXPI | NXP Semiconductors N.V. | 0.39% | $94.82M | 337,405 | Added |
| WFC | Wells Fargo & Company | 0.39% | $94.69M | 1,145,854 | Added |
| EIX | Edison International | 0.38% | $91.92M | 1,234,614 | Added |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 0.37% | $90.08M | 880,516 | Trimmed |
| MPC | Marathon Petroleum Corp | 0.37% | $89.29M | 349,224 | Added |
| STLD | Steel Dynamics Inc | 0.36% | $86.85M | 378,490 | Trimmed |
| ES | Eversource Energy | 0.35% | $86.37M | 1,195,140 | New |
| TEL | TE Connectivity plc | 0.35% | $86.03M | 426,718 | Added |
| ADI | Analog Devices Inc | 0.33% | $80.71M | 203,208 | Added |
Showing the 50 largest of 997 positions by allocation. The full portfolio, sortable by value, allocation and share count, loads below.
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Added | SPY | SPDR S&P 500 ETF Trust | +955,446 | $3.97B |
| Added | IVV | iShares Core S&P 500 ETF | +323,202 | $2.25B |
| Trimmed | NVDA | NVIDIA Corp | -826,808 | $773.59M |
| Trimmed | AVGO | Broadcom Inc. | -517,457 | $497.85M |
| Trimmed | AMZN | Amazon.com Inc | -2,363,230 | $482.75M |
| Trimmed | GOOGL | Alphabet Inc. | -675,498 | $472.51M |
| Trimmed | LRCX | Lam Research Corp | -633,005 | $406.56M |
| Added | VOO | Vanguard S&P 500 ETF | +299,753 | $314.82M |
| Trimmed | AMD | Advanced Micro Devices Inc | -754,135 | $312.90M |
| Trimmed | EWY | iShares MSCI South Korea ETF | -381,492 | $279.59M |
| Trimmed | MSFT | Microsoft Corp | -373,083 | $265.55M |
| Added | NEM | Newmont Corp | +378,529 | $251.73M |
| Trimmed | AMAT | Applied Materials Inc | -268,492 | $210.70M |
| Trimmed | ORCL | Oracle Corp | -159,102 | $210.00M |
| Trimmed | STX | Seagate Technology Holdings plc | -129,295 | $192.83M |
| Trimmed | JNJ | Johnson & Johnson | -27,749 | $169.94M |
| Added | VWO | Vanguard Emerging Markets Stock Index Fund | +25,079 | $163.96M |
| Trimmed | GEV | GE Vernova Inc. | -312,129 | $144.24M |
| Trimmed | UNP | Union Pacific Corp | -18,584 | $139.88M |
| Trimmed | MU | Micron Technology Inc | -1,359,038 | $134.67M |
| Added | MBB | iShares MBS ETF | +26,800 | $131.08M |
| Added | MO | Altria Group, Inc. | +21,705 | $124.27M |
| Trimmed | APH | Amphenol Corp | -165,436 | $123.00M |
| Trimmed | ASML | ASML Holding NV | -30,521 | $122.70M |
| Added | B | Barrick Mining Corp | +225,593 | $121.39M |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
About these holdings
The 13F on record for Ray Dalio (Bridgewater Associates), filed on Aug 14, 2026, reports 997 positions as of Jun 30, 2026. The largest is SPDR S&P 500 ETF Trust (SPY) at 16.3% of the reported portfolio, followed by iShares Core S&P 500 ETF (IVV, 9.2%) and NVIDIA Corp (NVDA, 3.2%). The ten largest make up 40.0% of it. Against the previous quarter, it opened 214 new positions, added to 399, trimmed 378 and sold out of 210. The largest new position is Eversource Energy (ES), at 0.3% of the portfolio. The largest position it added to is SPDR S&P 500 ETF Trust (SPY), now 16.3%. The largest it sold out of, by its value the quarter before, is Cisco Systems, Inc. (CSCO).
SPDR S&P 500 ETF Trust (SPY), the largest position, is also held by 8 other investors tracked here. Of those, George Soros, Ken Griffin, Francois Rochon and Mairs & Power hold the most of it as a share of their own portfolios.
Other investors
First Eagle InvestmentKen GriffinMairs & PowerGeorge SorosDodge & CoxPolen Capital MgmtLee AinslieBill Nygren