Bridgewater Associates, the asset management firm led by Ray Dalio, reported a market-valued portfolio of $22.4 billion for the second quarter of 2026. The fund holds 985 positions, spread across ETFs, equities, and other financial instruments.
Bridgewater Associates: Ray Dalio's Investment Philosophy
Ray Dalio, founder and manager of Bridgewater Associates, is known for his investment philosophy centered on risk management and diversification. The fund focuses on a macro approach, analyzing economic trends and financial markets to make investment decisions. Bridgewater Associates is also renowned for its use of hedging strategies, aiming to minimize potential losses and maximize gains.
Key New Positions and Strengthens
The fund's key positions include ETFs such as the State Street SPDR S&P 500 ETF Trust, valued at $2.84 billion, and shares of technology companies like Amazon, NVIDIA, and Alphabet. The fund also holds significant positions in semiconductor companies such as Broadcom and Micron Technology. Exact figures for portfolio movements are not available, but it is evident that positions in ETFs and technology company stocks represent a substantial portion of the portfolio.
Cuts and Exits: What Ray Dalio is Leaving Behind
The data filed by Bridgewater Associates does not precisely determine the reductions and exits from the portfolio, as only long positions are reported. However, it is clear that the fund has maintained significant positions in technology companies and ETFs, suggesting that Ray Dalio continues to bet on these sectors for the future.
The Limits of the 13F: What This Filing DOESN'T Say
The 13F filing submitted by Bridgewater Associates to the SEC has certain limitations. First, the filing is made within a 45-day window after the end of the quarter, meaning the information may not reflect the current state of the portfolio. Additionally, the filing only includes long positions, excluding short positions and options. Finally, the filing does not provide information on positions outside the U.S., which can be important for investors seeking global diversification.
Investors interested in the complete details of Bridgewater Associates' 13F filing can view the full document on the SEC's website at https://www.sec.gov/Archives/edgar/data/1350694/000135069426000002/0001350694-26-000002-index.htm. It is important to note that 13F filings are public documents providing information on fund managers' portfolios, but they do not constitute investment advice.
In summary, Bridgewater Associates' Q2 2026 13F filing shows that the fund maintains significant positions in technology companies and ETFs, and that Ray Dalio continues to bet on these sectors for the future. However, it is important to consider the limitations of the 13F filing and consult complete information for a more comprehensive view of the fund's portfolio.
