Bridgewater Associates Reports $24.4 Billion in Assets, SPDR S&P 500 Constitutes 16.3% of Portfolio
Bridgewater Associates, led by Ray Dalio, reported a valued portfolio of $24.4 billion as of September 30, 2026. The fund holds $3.97 billion in shares of the SPDR S&P 500 ETF, representing 16.3% of total assets.
Bridgewater Associates, the world's largest hedge fund, filed its 13F form for the third quarter of 2026, revealing a valued portfolio of $24.4 billion spread across 990 securities.
Bridgewater Associates: Ray Dalio's Investment Philosophy
Ray Dalio, founder of Bridgewater, advocates a macroeconomic approach based on diversification, risk management, and dynamic asset allocation. The fund combines value and growth strategies, focusing on asset classes that provide broad exposure to economic cycles. Since its inception, Bridgewater has delivered performance exceeding market averages, largely due to its "Pure Alpha" model, which bets on macro-financial imbalances. The current portfolio shows a strong preference for broad market indices, top-tier technology stocks, and innovative enterprises.
Key New Positions and Strengthens
According to available information, the fund's largest holding is the "STATE STR SPDR S&P 500 ETF," valued at $3.97 billion, or 16.3% of the portfolio, with 5,320,308 shares held. The ETF offers exposure to all 500 largest U.S. cap stocks, aligning with Bridgewater's systematic diversification strategy. The second position, the "iShares," amounts to $2.49 billion (10.2% of the portfolio) with 5,446,707 shares, further enhancing U.S. equity market coverage. Among individual stocks, NVIDIA Corporation occupies third place with $770 million (3.2%) and 3,866,195 shares, reflecting the fund's interest in semiconductors and artificial intelligence. Alphabet Inc. and Broadcom Inc. each hold $500 million (2.0% of the portfolio), highlighting exposure to digital services and electronic components. The fund also holds $480 million in Amazon.com shares (2.0%) and $410 million in Lam Research Corp (1.7%). Positions in Vanguard Index Funds, iShares Inc., and Advanced Micro Devices complete the list, each valued at $310 million (1.3%). In total, the top ten holdings represent approximately 35% of the declared assets, with the remaining $14.1 billion spread across 980 additional positions.
Cuts and Exits: What the Manager is Leaving Behind
According to available information, the filing does not specify changes in these positions compared to previous quarters. No figures regarding divestments or reductions are provided, making it impossible to identify specific exits or sectoral disengagements.
The Limits of the 13F: What This Filing DOESN'T Say
Submitted within 45 days of the quarter's end, the 13F form only lists long positions in U.S. listed equities, excluding short sales, options, futures contracts, and securities held outside the U.S. The declared values correspond to shares held at the quarter's close but do not reflect subsequent movements between that date and filing. Additionally, the 13F does not disclose purchase prices, average cost, or latent gains, limiting analysis of the portfolio's actual performance. Individual investors should consult the full filing on the SEC website for detailed lists and exact quantities.
