Bridgewater Invests $0.77B in Nvidia in Q3 2026; Portfolio Totals $24.4B
In Q3 2026, Bridgewater Associates reports $24.4B in assets, with 16.3% in SPDR S&P 500 ETF and 3.2% in Nvidia. Ray Dalio's fund strengthens its tech positions, according to the 13F filed on August 14.
Bridgewater Associates, the hedge fund founded by Ray Dalio, filed its 13F form with the SEC for Q3 2026, revealing a total equity portfolio of $24.4 billion. The fund, known for its macroeconomic strategy and radical diversification approach, holds 990 positions, with the largest being the SPDR S&P 500 ETF, worth $3.97 billion, or 16.3% of the portfolio.
Bridgewater: Ray Dalio's Investment Philosophy
Ray Dalio, founder of Bridgewater Associates, has built his reputation on a global macroeconomic approach, using quantitative models to balance risks. The fund, which manages approximately $150 billion in total (based on available information), emphasizes extreme diversification and dynamic asset allocation. Historically, Bridgewater has excelled at navigating economic cycles, delivering positive returns during crises, such as 2008. Dalio's philosophy, detailed in his book "Principles," is based on understanding economic mechanisms and systematic decision-making. In this 13F filing, the fund's strong exposure to index ETFs reflects its preference for diversification, while maintaining significant positions in growth technology stocks.
Key New Positions and Strengthens
The Q3 2026 13F shows Bridgewater increased its stake in Nvidia Corporation, now its third-largest position at $0.77 billion, or 3.2% of the portfolio, for 3,866,195 shares. This reflects a broader trend: the fund also boosted positions in Alphabet Inc. ($0.50B, 2.0%, 1,396,383 shares), Broadcom Inc. ($0.50B, 2.0%, 1,317,923 shares), and Amazon.com Inc. ($0.48B, 2.0%, 2,025,481 shares). These moves indicate ongoing interest in tech giants despite high valuations. Additionally, the fund increased positions in Lam Research Corp. ($0.41B, 1.7%, 938,224 shares) and Advanced Micro Devices Inc. ($0.31B, 1.3%, 538,632 shares), highlighting semiconductor exposure. The portfolio remains dominated by ETFs: SPDR S&P 500 ETF ($3.97B, 16.3%), iShares Trust ($2.49B, 10.2%), and iShares Inc. ($0.50B, 2.0%) are among the top holdings. Vanguard Index Funds rounds out the top 10 with $0.31 billion (1.3%).
Cuts and Exits â What Bridgewater is Leaving Behind
The provided data does not specify particular reductions or exits from the portfolio. Only the positions held at the end of the quarter are listed, without comparison to the previous quarter. To know the exact sale movements, one would need to review the full filing on SEC EDGAR. However, the portfolio structure suggests that Bridgewater may have reduced certain positions to fund its tech purchases, but this remains an unverified assumption. The 13F only shows long positions; short sales and intra-quarter variations are not visible.
Limitations of the 13F: What This Filing DOESN'T Say
Mandatory for asset managers with over $100 million in assets, the 13F must be filed within 45 days after the quarter ends. Thus, the Q3 2026 data, filed on August 14, 2026, reflects positions as of June 30, 2026, with a nearly six-week lag. This filing only covers long equity positions in U.S.-listed companies and certain ETFs; it excludes short sales, options, bonds, and foreign investments. Additionally, Bridgewater may hold positions via derivatives not disclosed in the filing.
