Ray Dalio's Portfolio — Bridgewater Associates, LP
CIK: 0001350694Latest portfolio: $27.4B · Q4 2025
Holdings
1,040
Total Value
$27.4B
New Positions
190
Closed Positions
165
Top Holdings
View All 1,040 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 4,455,413 | $3.0B | 11.08% | +1.9M | |
| 2 | IVVISHARES TR | 4,185,589 | $2.9B | 10.45% | +136K | |
| 3 | NVDANVIDIA CORPORATION | 3,865,205 | $720.0M | 2.63% | +1.4M | |
| 4 | LRCXLAM RESEARCH CORP | 3,041,661 | $520.0M | 1.90% | -422,319 | |
| 5 | CRMSALESFORCE INC | 1,932,066 | $511.0M | 1.86% | -74,961 | |
| 6 | GOOGLALPHABET INC | 1,590,826 | $497.0M | 1.81% | -1,063,070 | |
| 7 | MSFTMICROSOFT CORP | 984,091 | $475.0M | 1.73% | -113,078 | |
| 8 | AMZNAMAZON COM INC | 1,948,254 | $449.0M | 1.64% | +823K | |
| 9 | ADBEADOBE INC | 1,275,055 | $446.0M | 1.63% | +12K | |
| 10 | GEVGE VERNOVA INC | 665,997 | $435.0M | 1.59% | +15K | |
| 11 | BKNGBOOKING HOLDINGS INC | 80,528 | $431.0M | 1.57% | +3K | |
| 12 | AVGOBROADCOM INC | 1,165,740 | $403.0M | 1.47% | +320K | |
| 13 | ORCLORACLE CORP | 1,873,481 | $365.0M | 1.33% | +1.5M | |
| 14 | AMDADVANCED MICRO DEVICES INC | 1,656,527 | $354.0M | 1.29% | -138,274 | |
| 15 | JNJJOHNSON & JOHNSON | 1,313,958 | $271.0M | 0.99% | -401,819 | |
| 16 | MUMICRON TECHNOLOGY INC | 889,640 | $253.0M | 0.92% | +888K | |
| 17 | MAMASTERCARD INCORPORATED | 409,207 | $233.0M | 0.85% | +43K | |
| 18 | NEMNEWMONT CORP | 2,308,909 | $230.0M | 0.84% | +1.9M | |
| 19 | WDAYWORKDAY INC | 965,117 | $207.0M | 0.75% | -75,318 | |
| 20 | NOWSERVICENOW INC | 1,338,885 | $205.0M | 0.75% | +1.0M | |
| 21 | EWYISHARES INC | 2,072,358 | $201.0M | 0.73% | +37K | |
| 22 | SESEA LTD | 1,533,269 | $195.0M | 0.71% | -72,355 | |
| 23 | PYPLPAYPAL HLDGS INC | 3,329,311 | $194.0M | 0.71% | +507K | |
| 24 | VVISA INC | 536,497 | $188.0M | 0.69% | -139,457 | |
| 25 | MOALTRIA GROUP INC | 3,276,751 | $188.0M | 0.69% | -418,855 |
Quarterly Changes
New Positions
Increased Positions
Sector Breakdown
Financial ServicesNaN% ($InfinityT)
TechnologyNaN% ($InfinityT)
Consumer CyclicalNaN% ($InfinityT)
HealthcareNaN% ($InfinityT)
IndustrialsNaN% ($InfinityT)
Unknown0.0% ($1.6700083000600007e+261T)
Energy0.0% ($7.300048000420004e+226T)
Consumer Defensive0.0% ($1.8800063000290004e+221T)
Basic Materials0.0% ($2.3000010800078e+173T)
Communication Services0.0% ($4.97000176000147e+126T)
Utilities0.0% ($4.350009900049001e+107T)
Real Estate0.0% ($1.90001500040004e+43T)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 13, 2026 | $27.4B | 1,040 |
| Q3 2025 | Nov 13, 2025 | $25.5T | 1,014 |
| Q2 2025 | Aug 13, 2025 | $24.8T | 585 |
| Q1 2025 | May 14, 2025 | $21.6T | 664 |
| Q4 2024 | Feb 13, 2025 | $21.8T | 691 |
| Q3 2024 | Nov 13, 2024 | $17658.8T | 773 |
| Q2 2024 | Aug 14, 2024 | $19152.9T | 877 |
| Q1 2024 | May 14, 2024 | $19775.4T | 677 |
| Q4 2023 | Feb 14, 2024 | $17864.3T | 742 |
| Q3 2023 | Nov 13, 2023 | $16545.4T | 740 |
| Q2 2023 | Aug 11, 2023 | $16193.4T | 696 |
| Q1 2023 | May 12, 2023 | $16388.1T | 710 |
| Q4 2022 | Feb 13, 2023 | $18319.7T | 820 |
| Q3 2022 | Nov 10, 2022 | $19.8T | 866 |
| Q2 2022 | Aug 11, 2022 | $23.6T | 985 |
| Q1 2022 | May 13, 2022 | $24.8T | 968 |
| Q4 2021 | Feb 14, 2022 | $17.2T | 731 |
| Q3 2021 | Nov 12, 2021 | $18.3T | 683 |
| Q2 2021 | Aug 13, 2021 | $15.6T | 704 |
| Q1 2021 | May 14, 2021 | $11.3T | 455 |
| Q4 2020 | Feb 12, 2021 | $11.6T | 525 |
| Q3 2020 | Nov 13, 2020 | $8.3T | 430 |
| Q2 2020 | Aug 12, 2020 | $6.0T | 383 |
| Q1 2020 | May 14, 2020 | $5.0T | 399 |
| Q4 2019 | Feb 13, 2020 | $9.8T | 471 |
| Q3 2019 | Nov 13, 2019 | $11.4T | 333 |
| Q2 2019 | Aug 13, 2019 | $12.8T | 305 |
| Q1 2019 | May 14, 2019 | $16.3T | 303 |
| Q4 2018 | Feb 13, 2019 | $10.9T | 472 |
| Q3 2018 | Nov 13, 2018 | $9.7T | 354 |
| Q2 2018 | Aug 13, 2018 | $10.0T | 460 |
| Q1 2018 | May 15, 2018 | $10.5T | 457 |
| Q4 2017 | Feb 13, 2018 | $12.2T | 246 |
| Q3 2017 | Nov 13, 2017 | $14.9T | 286 |
| Q2 2017 | Aug 10, 2017 | $10.9T | 343 |
| Q1 2017 | May 11, 2017 | $8.8T | 236 |
| Q4 2016 | Feb 10, 2017 | $10.5T | 267 |
| Q3 2016 | Nov 9, 2016 | $10.2T | 299 |
| Q2 2016 | Aug 10, 2016 | $8.0T | 340 |
| Q1 2016 | May 13, 2016 | $7.9T | 253 |
Fund Information
Bridgewater Associates, LP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $27.4B across 1,040 holdings. The largest position is SPDR S&P 500 ETF TR (SPY), representing 11.1% of the portfolio. Compared to the previous quarter, the fund opened 191 new positions and closed 165 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.