Bridgewater Associates reports a $22.4 billion portfolio

Bridgewater Associates, one of the world's largest hedge funds, managed by legendary investor Ray Dalio, reported a $22.4 billion portfolio for Q2 2026. This figure reflects the total value of the fund's listed positions held at the end of the quarter.

Bridgewater Associates: Ray Dalio's Investment Philosophy

Ray Dalio, founder of Bridgewater Associates, is known for his unique investment philosophy that emphasizes diversification, risk management, and the use of macroeconomic strategies. The fund is renowned for its value-oriented approach and focus on sectors such as technology, healthcare, and financial services. Bridgewater Associates is also recognized for its use of hedging strategies and long-term portfolio management.

Key New Positions and Strengthens

In Q2 2026, the Bridgewater Associates portfolio was composed of 985 positions, including some new and others strengthened. Key positions include the STATE STR SPDR S&P 500 ETF, valued at $2.84 billion, representing 12.7% of the portfolio, as well as significant positions in companies like Amazon, NVIDIA, Alphabet, and Microsoft. The fund also has meaningful exposure to financial markets through ETFs and shares of financial services companies.

Cuts and Exits: What the Manager is Leaving Behind

Despite the significance of its portfolio, Bridgewater Associates also reduced or exited certain positions during the quarter. However, the provided data does not explicitly specify the reductions or exits, focusing instead on the overall composition of the portfolio. Therefore, it is challenging to precisely determine which securities were reduced or completely sold without accessing additional information.

Limitations of the 13F: What This Filing DOES NOT Say

It is crucial to understand that filings like the 13F, such as the one submitted by Bridgewater Associates, have certain limitations. First, these filings are submitted within a 45-day window after the end of the quarter, meaning the information may not reflect the current state of the portfolio. Additionally, 13F filings do not provide information on short positions taken by the fund, nor do they cover positions in options or investments in unlisted companies. Furthermore, these filings primarily focus on investments in U.S.-listed corporations, which may not provide a complete picture of the fund's global investment activities.

For a deeper understanding of Bridgewater Associates' strategy and positions, it is recommended to review the complete filing on the SEC (Securities and Exchange Commission) website in the United States, available at https://www.sec.gov/Archives/edgar/data/1350694/000135069426000002/0001350694-26-000002-index.htm. This resource offers a detailed overview of the fund's investments and can help investors better understand market trends and strategies.