Ray Dalio's Bridgewater Associates Holds $24.4 Billion Across 990 Positions in Q3 2026
Ray Dalio's Bridgewater Associates reported a portfolio of $24.4 billion spread across 990 positions in the third quarter of 2026. The fund allocated 16.3% to the SPDR S&P 500 and 10.2% to an iShares fund while maintaining significant technology positions.
Bridgewater Associates, led by Ray Dalio, reported a portfolio valued at $24.4 billion as of September 30, 2026, comprising 990 positions.
Bridgewater Associates: Ray Dalio's Investment Philosophy
The fund employs a macroeconomic approach, seeking to align its positions with global economic trends and manage risk systematically.
Its style combines elements of value and growth investing, with a preference for sectors offering exposure to global economic cycles, particularly technology and broad market indices.
Key New Positions and Strengths
The largest holding in the filing is the State Street SPDR S&P 500 ETF Trust, valued at $3.97 billion, representing 16.3% of the portfolio, with 5,320,308 shares.
The second-largest position is an iShares fund, worth $2.49 billion, accounting for 10.2% of the portfolio and including 5,446,707 shares.
Within the technology sector, the fund holds NVIDIA at $770 million (3.2% of the portfolio) with 3,866,195 shares, Alphabet at $500 million (2.0%) with 1,396,383 shares, Broadcom at $500 million (2.0%) with 1,317,923 shares, Amazon at $480 million (2.0%) with 2,025,481 shares, Lam Research at $410 million (1.7%) with 938,224 shares, and Advanced Micro Devices at $310 million (1.3%) with 538,632 shares.
The fund also holds an iShares Inc. position valued at $500 million (2.0%) with 3,816,595 shares, as well as a Vanguard Index Funds holding worth $310 million (1.3%) with 458,381 shares.
These holdings reflect a strategy of diversification across broad market ETFs and high-cap technology stocks, two pillars often favored by macro managers to capture economic growth and sector volatility.
Cuts and Exits: What Was Dropped
The 13F filing does not provide direct comparison to the previous quarter, making it impossible to precisely identify reductions or exits based solely on this data.
The high number of positions (990) suggests the fund maintains a very broad exposure, implying that any adjustments are spread across many holdings rather than concentrated in a few.
Limitations of the 13F: What This Filing Doesn't Say
The 13F form must be filed within 45 days of the quarter's end, meaning the figures reflect the portfolio's status on the last day of the quarter but may not account for subsequent changes.
Only long positions are required to be reported; short positions, options, futures contracts, and non-U.S. securities are excluded from the reporting.
The values indicated correspond to market amounts at the time of reporting and do not account for any post-report price fluctuations.
