Bridgewater Associates (Ray Dalio) Holds $24.4 Billion as of Q3 2026

Bridgewater Associates, Ray Dalio’s flagship fund, reported a $24.4 billion portfolio for Q3 2026, comprised of 990 distinct positions.

Bridgewater Associates: Ray Dalio's Investment Philosophy

Ray Dalio founded Bridgewater on a systematic macroeconomic approach, seeking to identify global economic cycles and position capital accordingly. The fund emphasizes a diversified allocation across equities, bonds, and real assets while applying quantitative models to minimize human bias. This methodology often results in significant exposure to broad market indices like the S&P 500 and select technology stocks deemed capable of benefiting from structural growth trends.

Key New Positions and Strengths

The 13F filing reveals that the top ten holdings represent 37.9% of the reported portfolio. The largest position is the STATE STR SPDR S&P 500 ETF Trust, valued at $3.97 billion (16.3% of the total), with 5,320,308 shares held. In second place, iShares Trust (likely an ETF) is valued at $2.49 billion (10.2%), with 5,446,707 shares. Among individual stocks, NVIDIA Corporation appears with $770 million (3.2% of the portfolio) and 3,866,195 shares, reflecting exposure to the semiconductor and artificial intelligence sectors. Alphabet Inc. and Broadcom Inc. are each valued at $500 million (2.0% each), indicating interest in digital giants and communication infrastructure. iShares Inc. (likely another ETF) also holds $500 million (2.0%). Amazon.com Inc. and Lam Research Corp. round out the top ten with $480 million (2.0%) and $410 million (1.7%), respectively. The remaining top ten positions, Vanguard Index Funds and Advanced Micro Devices Inc., are each valued at $310 million (1.3%). The additional 980 positions total $14.1 billion (57.8% of the portfolio), highlighting broad diversification beyond flagship stocks.

Cuts and Exits – What’s Being Dropped

The 13F filing does not explicitly detail the stocks sold or reduced from previous quarters. Without direct comparison, it’s speculative to assume that absent top ten holdings may have been reduced or liquidated. However, the portfolio’s concentration on the top ten positions, combined with the presence of 980 other stocks, suggests Bridgewater maintains a broad dispersion strategy while adjusting weights based on macroeconomic signals.

Limitations of the 13F: What This Filing Doesn’t Say

The 13F form only includes long positions in U.S. equities and listed funds, with a filing deadline of 45 days after the quarter’s end. It excludes short positions, options, futures contracts, and assets held outside the U.S. Additionally, the reported holdings reflect end-of-quarter assets without considering intratemporal variations that could be significant. Investors should therefore interpret these figures as a partial snapshot of Bridgewater’s overall strategy.

For the full filing, visit the SEC EDGAR website at the following link: SEC 13F – Bridgewater Associates (Ray Dalio).