Bridgewater Associates' Ray Dalio Reports $24.4 Billion Positions as of September 30, 2026

Bridgewater Associates, the fund managed by Ray Dalio, reported a $24.4 billion valued portfolio as of September 30, 2026, across 990 positions according to the 13F-HR filing filed on August 14, 2026.

Bridgewater Associates: Ray Dalio's Investment Philosophy

Ray Dalio builds his strategy on global macroeconomic analysis, seeking to identify credit cycles, monetary policies, and structural imbalances to construct diversified and resilient portfolios. The "risk-parity" philosophy aims to allocate the same level of risk to each asset class rather than to each position, leading to significant allocations in equities, bonds, and real assets. The fund emphasizes internal transparency, collective decision-making, and the use of algorithms to test market scenarios before committing capital.

Key New Positions and Strengthens

The top ten positions table reveals a strong concentration on index vehicles: the State Street SPDR S&P 500 ETF (ticker T) amounts to $3.97 billion, representing 16.3% of the portfolio, followed by the iShares Core S&P 500 ETF (ticker ISHARES TR) at $2.49 billion (10.2%). Among individual stocks, NVIDIA holds third place with $770 million (3.2%), followed by Alphabet, Broadcom, iShares Inc., Amazon, Lam Research, Vanguard Index Funds, and Advanced Micro Devices, each ranging from $310 million to $500 million, or 1.3% to 2.0% of the total. The remaining 980 positions aggregate $14.1 billion, or 14.1% of the portfolio, illustrating the broad diversification characteristic of Bridgewater.

Cuts and Exits - What the Manager is Leaving

According to available information, the filing does not signal any reductions or full exits among the top ten positions during the quarter. The absence of reported disinvestment moves suggests that the fund maintained or strengthened its existing positions, aligning with its macroeconomic trend-following approach.

The Limits of the 13F: What This Filing DOESN'T Say

The 13F form requires fund managers to disclose their long equity holdings in U.S. stocks, listed funds, and call options, but it does not cover short positions, over-the-counter derivatives, non-U.S. securities, or exposures through funds of funds. The data is published 45 days after the end of the quarter, meaning the positions presented reflect the portfolio on the last day of the quarter but may already have changed. Additionally, the reported value corresponds to the market value at the time of reporting, without considering transaction fees or subsequent fluctuations.

In summary, Bridgewater's 13F filing for the third quarter of 2026 highlights a notable preference for broad U.S. equity indices, complemented by a targeted selection of high-cap technology stocks. This allocation reflects the fund's conviction that the U.S. macroeconomic dynamics remain favorable to diversified large companies while maintaining balanced exposure across sectors to reduce overall volatility. However, individual investors should keep in mind that the 13F does not reveal short positions, hedging strategies, or non-U.S. assets, which may play a significant role in the portfolio's actual performance.