Ray Dalio's Bridgewater Associates Reports $24.4 Billion Across 990 Positions in Q3 2026
Bridgewater Associates, led by Ray Dalio, reported a listed portfolio of $24.4 billion in the third quarter of 2026, spread across 990 positions. The top ten holdings account for nearly 38% of the total, dominated by S&P 500 ETFs and technology stocks.
Bridgewater Associates, managed by Ray Dalio, reported a listed portfolio of $24.4 billion in the third quarter of 2026, spread across 990 positions, according to the 13F filing submitted on August 14, 2026, to the SEC.
Bridgewater Associates: Ray Dalio's Investment Philosophy
Ray Dalio builds his strategy on macroeconomic analysis combined with quantitative models that aim to identify cause-effect relationships between global economic variables. The fund emphasizes large-scale diversification, rigorous risk management, and dynamic adjustment of allocations based on economic cycles. This approach, often referred to as "risk-parity," seeks to balance exposures so that each risk factor contributes proportionally to the overall return. Bridgewater has thus built a reputation as a manager capable of navigating volatile market environments by relying on principles of internal transparency and collective decision-making. Historically favored sectors by the fund include information technology, financial services, and sustainable consumer goods, though the exact allocation depends on the economic cycle identified each quarter.
Key New Positions and Strengthens
The 13F filing reveals that the largest position in the portfolio is the STATE STR SPDR S&P 500 ETF Trust, valued at $3.97 billion, or 16.3% of the total, with 5,320,308 shares held. This massive exposure to the broad market index reflects a conviction in the stability of U.S. equity markets at the macro level. In second place, the ISHARES TR represents $2.49 billion (10.2% of the portfolio) spread across 5,446,707 shares, further reinforcing the strategy of allocation to index funds. The fund has also increased its exposure to technology stocks: NVIDIA Corporation figures at $770 million (3.2% of the portfolio) with 3,866,195 shares, Alphabet Inc. at $500 million (2.0%) and Broadcom Inc. at $500 million (2.0%). Positions in consumer and semiconductor stocks are also notable, with Amazon.com Inc. at $480 million (2.0%) and Advanced Micro Devices Inc. at $310 million (1.3%). The entire technology portfolio represents a significant portion of the fund, indicating confidence in the continued growth of the tech sector and computing infrastructure. Remaining positions, including LAM Research Corp., Vanguard Index Funds, and other iShares funds, complete the sectoral and geographic diversification of the fund.
Cuts and Exits â What the Manager is Leaving Behind
The 13F form does not explicitly detail the divestments made during the quarter. In the absence of specific data on reductions, it should be noted that the filing does not mention any complete exit among the top ten positions. Thus, according to available information, the portfolio did not record a major disinvestment in listed titles, suggesting that any adjustments were focused on smaller positions or on titles not covered by mandatory reporting.
Limitations of the 13F: What This Filing DOES NOT Say
The 13F form only provides a partial view of the portfolio. Information is published within 45 days following the end of the quarter, which implies a lag in updates that could mask recent movements. The reporting only covers long positions in U.S.-listed stocks; short positions, options, futures contracts, and foreign investments are not included. Furthermore, the filing does not reveal risk weightings, hedging strategies, or currency exposures, all of which influence the fund's actual performance. Investors seeking a complete understanding should consult the full document available on the SEC EDGAR website.
