Bridgewater Associates reports a $24.4 billion portfolio across 990 positions as of September 30, 2026. Ray Dalio's Investment Philosophy Bridgewater Associates is renowned for its macroeconomic approach, which combines systematic analysis of economic cycles with quantitative modeling. The fund favors global diversification strategies, aiming to reduce volatility while capturing returns from major market trends. Its history demonstrates a track record of anticipating monetary policy shifts and market imbalances, reflected in its well-balanced composition across U.S. equities, index funds, and technology stocks. Key New Positions and Strengthens The top ten holdings reveal significant exposure to index funds and technology stocks. The largest position is the STATE STR SPDR S&P 500 ETF T, valued at $3.97 billion (16.3% of the portfolio), with 5,320,308 shares held. In second place, the iShares TR fund amounts to $2.49 billion (10.2% of the portfolio) and 5,446,707 shares. The fund also holds $770 million (3.2%) in NVIDIA Corporation, representing 3,866,195 shares, indicating conviction in the semiconductor and artificial intelligence sectors. Alphabet Inc. and Broadcom Inc. are each valued at $500 million (2.0% of the portfolio), with respective shares of 1,396,383 and 1,317,923, reinforcing exposure to digital giants and communication infrastructure. The fund also owns $480 million (2.0%) in Amazon.com Inc., $410 million (1.7%) in Lam Research Corp., $310 million (1.3%) in Vanguard Index Funds, and $310 million (1.3%) in Advanced Micro Devices Inc. In total, the ten major holdings represent approximately 38% of the portfolio, with the remaining 980 positions totaling $14.1 billion (57.7%). Cuts and Exits – What the Manager is Ditching The 13F filing does not detail changes to each position compared to previous quarters. Without additional information, no reductions or complete exits can be confirmed from this document. The only available data pertains to positions held as of the quarter's end. Limitations of the 13F: What This Filing DOES NOT Say The Form 13F only covers long equity positions listed on U.S. exchanges and excludes short sales, options, futures contracts, or foreign investments. Information is published within 45 days after the quarter's end, meaning subsequent portfolio movements are not reflected. Additionally, the 13F does not reveal exact position weights as a percentage of total capital or potential hedging strategies. For the full filing, visit the SEC EDGAR website: https://www.sec.gov/Archives/edgar/data/1350694/000135069426000003/0001350694-26-000003-index.htm (Source: SEC 13F – Bridgewater Associates, Ray Dalio, filing on August 14, 2026).