Bridgewater Associates, managed by Ray Dalio, reported a $24.4 billion portfolio in Q3 2026, consisting of 990 positions. Ray Dalio's Investment Philosophy Bridgewater Associates follows a macroeconomic approach, seeking to exploit global economic cycles and market imbalances. The fund favors broad diversification strategies, often through index funds, while maintaining targeted positions in technology sectors deemed growth-oriented. This focus is evident in the portfolio allocation, where ETFs covering the entire U.S. market make up a significant portion. Key New Positions and Strengthens The 13F filing reveals the top ten largest positions by value: 1. STATE STREET SPDR S&P 500 ETF TRUST - $397 million, representing 16.3% of the portfolio, with 5,320,308 shares. 2. iShares TR - $249 million, representing 10.2% of the portfolio, with 5,446,707 shares. 3. NVIDIA CORPORATION - $77 million, representing 3.2% of the portfolio, with 3,866,195 shares. 4. ALPHABET INC - $50 million, representing 2.0% of the portfolio, with 1,396,383 shares. 5. BROADCOM INC - $50 million, representing 2.0% of the portfolio, with 1,317,923 shares. 6. ISHARES INC - $50 million, representing 2.0% of the portfolio, with 3,816,595 shares. 7. AMAZON COM INC - $48 million, representing 2.0% of the portfolio, with 2,025,481 shares. 8. LAM RESEARCH CORP - $41 million, representing 1.7% of the portfolio, with 938,224 shares. 9. VANGUARD INDEX FDS - $31 million, representing 1.3% of the portfolio, with 458,381 shares. 10. ADVANCED MICRO DEVICES INC - $31 million, representing 1.3% of the portfolio, with 538,632 shares. These securities account for 34.2% of the total portfolio. The dominance of index ETFs (SPDR S&P 500 and iShares) confirms Bridgewater's preference for broad U.S. market exposure. The technology positions – NVIDIA, Alphabet, Broadcom, Amazon, Lam Research, and AMD – reflect confidence in the growth dynamics of the sector, particularly in cloud computing, artificial intelligence, and semiconductors. Reductions and Exits – What the Manager is Exiting The filing does not provide explicit data on divestments or reductions in existing positions. Without additional information, no exits can be confirmed. Limitations of the 13F: What This Filing Does Not Say The Form 13F only covers long positions held in U.S.-listed securities, reported within 45 days of the quarter's end. Short positions, options, futures contracts, and non-U.S. securities are not included. Therefore, the table presented reflects only a portion of the fund's total exposure. For full filing access, visit the SEC official 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).