Bridgewater Associates Reports $24.4 Billion in Q3 2026 Listed Assets, with SPDR S&P 500 Leading

Bridgewater Associates, the fund led by Ray Dalio, reported a listed portfolio of $24.4 billion as of September 30, 2026, according to the SEC's 13F filing.

Bridgewater Associates: Ray Dalio's Investment Philosophy

Bridgewater is distinguished by a systematic macroeconomic approach, combining quantitative models and risk-parity theory. The fund seeks to diversify exposures to reduce overall volatility by favoring asset classes that react differently to economic cycles. This methodology, implemented since the fund's inception, aims to generate long-term risk-adjusted returns superior to market benchmarks. Renowned finance figure Ray Dalio has popularized the concept of "principles" applied to investment decision-making.

Key New Positions and Strengthenings

The filing does not detail comparative movements from the previous quarter; no data on new positions or reinforcements is provided in the document. What is observable, however, is the current portfolio composition: the SPDR S&P 500 ETF (ticker T) amounts to $3.97 billion, representing 16.3% of the total, followed by the iShares Core S&P 500 ETF (ticker ?) at $2.49 billion (10.2%). Among individual stocks, NVIDIA, Alphabet, Broadcom, Amazon, Lam Research, and Advanced Micro Devices each hold between 1.3% and 3.2% of the portfolio. These positions suggest sustained interest in the technology and semiconductor sectors, traditionally viewed as drivers of growth in a digitally transforming environment.

Cuts and Exits: What the Manager is Leaving Behind

The 13F report does not explicitly indicate the divestments made during the quarter. Without variation data, it's impossible to specify which positions were reduced or entirely liquidated. Readers should therefore refer to the full filing to compare the declared values with those from the previous quarter.

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

The Form 13F only lists long positions in U.S. equities and listed funds, with a filing deadline of 45 days after the end of the quarter. It excludes short positions, derivatives, options, non-U.S. securities, or non-equity investments (bonds, private equity). Consequently, the table presented reflects only a portion of Bridgewater's total exposure, which may include hedging strategies or assets not covered by the 13F. The figures provided correspond to the "listed" value on the last day of the quarter, without considering any potential intra-quarter adjustments.

To review all information, readers are invited to consult the full filing available on the SEC website at https://www.sec.gov/Archives/edgar/data/1350694/000135069426000003/0001350694-26-000003-index.htm.