Bridgewater Associates' Ray Dalio Reports $24.4 Billion Positions in Q3 2026
Bridgewater Associates, led by Ray Dalio, reported a $24.4 billion valued portfolio at the end of Q3 2026, spread across 990 positions. The two largest holdings are S&P 500 ETFs (16.3%) and iShares (10.2%).
Bridgewater Associates, the fund led by Ray Dalio, reported a $24.4 billion valued portfolio as of September 30, 2026, across 990 distinct positions, according to the 13F-HR filing filed on August 14, 2026.
Bridgewater Associates: Ray Dalio's Investment Philosophy
Ray Dalio builds his approach on systematic macroeconomic analysis, aiming to identify growth and contraction cycles influencing global markets. The fund combines value and growth strategies while integrating quantitative models to adjust sectoral exposures. According to available information, Bridgewater favors liquid assets, particularly U.S. equities and index funds, to maintain rapid reallocation flexibility. This focus is reflected in the portfolio's significant ETF allocation, providing broad exposure to benchmark indices.
Key New Positions and Strengths
The top-10 holdings show notable concentration on index funds and technology stocks. The ETF STATE STR SPDR S&P 500 amounts to $3.97 billion, representing 16.3% of the portfolio, with 5,320,308 shares held. The ETF iShares follows with $2.49 billion (10.2%) and 5,446,707 shares. Among individual stocks, NVIDIA ranks third with $770 million (3.2%) and 3,866,195 shares, reflecting exposure to semiconductors and artificial intelligence. Alphabet, Broadcom, iShares Inc., Amazon, Lam Research, Vanguard Index Funds, and Advanced Micro Devices complete the top-10, each representing between 1.3% and 2.0% of the total. These positions indicate a preference for large-cap, high-growth, and innovative companies while maintaining diversification through ETFs.
Cuts and Exits - What Was Dropped
The 13F filing does not provide explicit details on reductions made during the quarter. Without comparison to previous filings, it's impossible to identify specific stocks that were reduced or liquidated. Thus, no numerical data on exits can be presented.
Limitations of the 13F: What This Filing Doesn't Say
The Form 13F only lists long positions in U.S.-listed equities, with a filing deadline of 45 days after the quarter's end. Short positions, options, futures contracts, and non-U.S. unlisted assets are not included in the reporting. Additionally, the figures reflect holdings as of the quarter's closing date, which may differ from actual exposures during the quarter due to unreported intr-quarter movements. Furthermore, the filing does not disclose detailed sector weightings or the fund's hedging strategies.
