RD
Ray Dalio
Firm: Bridgewater Associates
AUM: ~$124B
Style: All Weather / Macro
“Principles author”
Top Holding
SPY
Positions
25
Latest Filing
Q4 2025
Data Source
SEC 13F
Performance
Bridgewater (Dalio)
Investment Philosophy
Ray Dalio founded Bridgewater Associates, the world’s largest hedge fund. His ‘All Weather’ strategy pioneered risk-parity investing, balancing portfolios across economic environments. He is known for his radical transparency principles and deep study of economic cycles.
Current Portfolio
Source: SEC 13F Filing (Q4 2025) — Bridgewater Associates
| Ticker / Security Name | Shares (MM) | Δ Shares (%) | Value (Full $) | Portfolio (%) |
|---|---|---|---|---|
| SPY / State Street SPDR S&P 500 ETF Trust | 4.46 | +73.69% | $3,038,240,000 | 11.07% |
| NVDD / Direxion Daily NVDA Bear 1X ETF | 3.87 | +54.01% | $720,860,000 | 2.62% |
| AMZN / Amazon.com, Inc. | 1.95 | +73.18% | $449,700,000 | 1.63% |
| AVGO / Broadcom Inc. | 1.17 | +37.89% | $403,460,000 | 1.47% |
| ORCL / Oracle Corporation | 1.87 | +361.13% | $365,160,000 | 1.33% |
| AMD / Advanced Micro Devices, Inc. | 1.66 | -7.70% | $354,760,000 | 1.29% |
| MU / Micron Technology, Inc. | 0.89 | +52,355% | $253,910,000 | 0.92% |
| NEM / Newmont Corporation | 2.31 | +496.13% | $230,540,000 | 0.84% |
| LLY / Eli Lilly and Company | 0.07 | +601.96% | $88,760,000 | 0.28% |
| ANET / Arista Networks, Inc. | 1.33 | +95.40% | $174,200,000 | 0.63% |
| CLS / Celestica Inc. | 0.34 | +114.69% | $101,030,000 | 0.36% |
| B / Barrick Gold Corporation | 2.49 | +306.29% | $108,290,000 | 0.39% |
| XYZ / Block, Inc. | 1.33 | +960.89% | $86,580,000 | 0.31% |
| CRS / Carpenter Technology Corporation | 0.15 | +363.91% | $47,600,000 | 0.17% |
| STX / Seagate Technology Holdings plc | 0.28 | +72.71% | $77,100,000 | 0.28% |
| ALAB / Astera Labs, Inc. | 0.24 | +1,276% | $40,010,000 | 0.14% |
| TOST / Toast, Inc. | 1.13 | +189.47% | $40,020,000 | 0.14% |
| CIEN / Ciena Corporation | 0.21 | +31.50% | $49,730,000 | 0.18% |
| BAC / Bank of America Corporation | 1.01 | +76.93% | $55,570,000 | 0.20% |
| HMY / Harmony Gold Mining Company | 1.22 | +1,973% | $24,380,000 | 0.08% |
| SJM / The J. M. Smucker Company | 0.23 | +3,350% | $22,790,000 | 0.08% |
| CSX / CSX Corporation | 0.69 | +345.82% | $25,050,000 | 0.09% |
| SN / SharkNinja, Inc. | 0.17 | +2,925% | $18,500,000 | 0.06% |
| ZION / Zions Bancorporation | 0.84 | +53.54% | $49,020,000 | 0.17% |
| M / Macy's, Inc. | 0.72 | +1,742% | $15,890,000 | 0.05% |