Ray Dalio's Portfolio — Bridgewater Associates, LP
CIK: 0001350694SEC EDGAR →
Portfolio Value
$27.4B
Holdings
1,040
As of
Q4 2025
New Positions
491
Closed Positions
63
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | 4,455,413 | $3.0B | 11.08% |
| 2 | ISHARES TR | 4,185,589 | $2.9B | 10.45% |
| 3 | NVIDIA CORPORATION | 3,865,205 | $720.0M | 2.63% |
| 4 | LAM RESEARCH CORP | 3,041,661 | $520.0M | 1.90% |
| 5 | SALESFORCE INC | 1,932,066 | $511.0M | 1.86% |
| 6 | ALPHABET INC | 1,590,826 | $497.0M | 1.81% |
| 7 | MICROSOFT CORP | 984,091 | $475.0M | 1.73% |
| 8 | AMAZON COM INC | 1,948,254 | $449.0M | 1.64% |
| 9 | ADOBE INC | 1,275,055 | $446.0M | 1.63% |
| 10 | GE VERNOVA INC | 665,997 | $435.0M | 1.59% |
Quarterly Changes
Top Buys
New Positions (191)
$35.0M · 62K shares
$35.0M · 326K shares
$29.0M · 282K shares
$22.0M · 929K shares
$22.0M · 1.7M shares
$19.0M · 156K shares
$15.0M · 43K shares
$13.0M · 42K shares
$13.0M · 158K shares
$13.0M · 24K shares
$12.0M · 151K shares
$11.0M · 490K shares
$11.0M · 750K shares
$11.0M · 411K shares
$11.0M · 45K shares
$10.0M · 272K shares
$10.0M · 523K shares
$9.0M · 49K shares
$9.0M · 344K shares
$8.0M · 61K shares
$8.0M · 161K shares
$8.0M · 116K shares
$8.0M · 279K shares
$8.0M · 47K shares
$7.0M · 6K shares
$7.0M · 109K shares
$7.0M · 159K shares
$7.0M · 128K shares
$7.0M · 46K shares
$7.0M · 32K shares
$6.0M · 199K shares
$6.0M · 76K shares
$6.0M · 25K shares
$6.0M · 102K shares
$6.0M · 46K shares
$5.0M · 158K shares
$5.0M · 207K shares
$5.0M · 48K shares
$5.0M · 14K shares
$5.0M · 73K shares
$4.0M · 12K shares
$4.0M · 176K shares
$4.0M · 595K shares
$4.0M · 120K shares
$4.0M · 35K shares
$4.0M · 610K shares
$4.0M · 2K shares
$4.0M · 38K shares
$4.0M · 33K shares
$3.0M · 56K shares
$3.0M · 39K shares
$3.0M · 47K shares
$3.0M · 451K shares
$3.0M · 273K shares
$3.0M · 540K shares
$3.0M · 129K shares
$3.0M · 60K shares
$3.0M · 646K shares
$3.0M · 58K shares
$3.0M · 157K shares
$3.0M · 35K shares
$3.0M · 76K shares
$3.0M · 69K shares
$3.0M · 144K shares
$3.0M · 43K shares
$3.0M · 21K shares
$3.0M · 14K shares
$3.0M · 6K shares
$3.0M · 44K shares
$2.0M · 3K shares
$2.0M · 6K shares
$2.0M · 208K shares
$2.0M · 34K shares
$2.0M · 223K shares
$2.0M · 23K shares
$2.0M · 107K shares
$2.0M · 150K shares
$2.0M · 71K shares
$2.0M · 13K shares
$2.0M · 64K shares
$2.0M · 21K shares
$2.0M · 68K shares
$2.0M · 105K shares
$2.0M · 10K shares
$2.0M · 20K shares
$2.0M · 78K shares
$2.0M · 14K shares
$2.0M · 11K shares
$2.0M · 73K shares
$2.0M · 202K shares
$2.0M · 14K shares
$2.0M · 30K shares
$2.0M · 11K shares
$2.0M · 12K shares
$2.0M · 73K shares
$2.0M · 65K shares
$2.0M · 180K shares
$2.0M · 13K shares
$2.0M · 10K shares
$2.0M · 178K shares
$2.0M · 37K shares
$2.0M · 65K shares
$2.0M · 38K shares
$1.0M · 11K shares
$1.0M · 24K shares
$1.0M · 3K shares
$1.0M · 17K shares
$1.0M · 26K shares
$1.0M · 11K shares
$1.0M · 89K shares
$1.0M · 11K shares
$1.0M · 6K shares
$1.0M · 26K shares
$1.0M · 23K shares
$1.0M · 38K shares
$1.0M · 35K shares
$1.0M · 22K shares
$1.0M · 11K shares
$1.0M · 20K shares
$1.0M · 73K shares
$1.0M · 26K shares
$1.0M · 15K shares
$1.0M · 71K shares
$1.0M · 28K shares
$1.0M · 39K shares
$1.0M · 305K shares
$1.0M · 4K shares
$1.0M · 24K shares
$1.0M · 62K shares
$1.0M · 28K shares
$1.0M · 16K shares
$1.0M · 31K shares
$1.0M · 14K shares
$1.0M · 30K shares
$1.0M · 193K shares
$1.0M · 48K shares
$0 · 478 shares
$0 · 378K shares
$0 · 17K shares
$0 · 32K shares
$0 · 4K shares
$0 · 21K shares
$0 · 54K shares
$0 · 22K shares
$0 · 5K shares
$0 · 4K shares
$0 · 2K shares
$0 · 5K shares
$0 · 4K shares
$0 · 20K shares
$0 · 10K shares
$0 · 3K shares
$0 · 9K shares
$0 · 4K shares
$0 · 9K shares
$0 · 2K shares
$0 · 13K shares
$0 · 21K shares
$0 · 3K shares
$0 · 3K shares
$0 · 13K shares
$0 · 7K shares
$0 · 15K shares
$0 · 5K shares
$0 · 3K shares
$0 · 9K shares
$0 · 17K shares
$0 · 17K shares
$0 · 774 shares
$0 · 25K shares
$0 · 95K shares
$0 · 5K shares
$0 · 5K shares
$0 · 3K shares
$0 · 28K shares
$0 · 4K shares
$0 · 971 shares
$0 · 560 shares
$0 · 2K shares
$0 · 2K shares
$0 · 3K shares
$0 · 5K shares
$0 · 9K shares
$0 · 9K shares
$0 · 7K shares
$0 · 61K shares
$0 · 8K shares
$0 · 18K shares
$0 · 34K shares
$0 · 55K shares
$0 · 39K shares
Closed Positions (165)
$205.4M · 1.6M shares
$37.0M · 271K shares
$35.5M · 463K shares
$31.9M · 852K shares
$24.7M · 294K shares
$18.1M · 89K shares
$17.8M · 55K shares
$14.5M · 63K shares
$12.9M · 191K shares
$12.1M · 39K shares
$11.1M · 136K shares
$10.5M · 43K shares
$10.2M · 43K shares
$9.0M · 142K shares
$8.9M · 19K shares
$8.1M · 25K shares
$8.0M · 135K shares
$7.7M · 139K shares
$7.3M · 15K shares
$7.1M · 38K shares
$6.5M · 30K shares
$6.5M · 19K shares
$6.3M · 129K shares
$6.2M · 284K shares
$6.2M · 102K shares
$5.7M · 43K shares
$5.6M · 40K shares
$5.5M · 92K shares
$5.4M · 14K shares
$4.9M · 24K shares
$4.8M · 93K shares
$4.7M · 137K shares
$4.6M · 21K shares
$4.4M · 36K shares
$4.3M · 69K shares
$4.2M · 71K shares
$4.0M · 83K shares
$3.6M · 11K shares
$3.4M · 108K shares
$3.4M · 30K shares
$3.3M · 585K shares
$3.3M · 27K shares
$3.3M · 54K shares
$3.2M · 60K shares
$3.2M · 178K shares
$3.2M · 5K shares
$3.1M · 62K shares
$3.1M · 6K shares
$3.1M · 144K shares
$3.0M · 241K shares
$3.0M · 11K shares
$3.0M · 108K shares
$2.9M · 446K shares
$2.9M · 43K shares
$2.9M · 123K shares
$2.9M · 59K shares
$2.9M · 30K shares
$2.8M · 84K shares
$2.7M · 149K shares
$2.7M · 184K shares
$2.7M · 38K shares
$2.6M · 29K shares
$2.5M · 466K shares
$2.5M · 22K shares
$2.5M · 19K shares
$2.5M · 11K shares
$2.3M · 31K shares
$2.3M · 31K shares
$2.3M · 41K shares
$2.2M · 79K shares
$2.2M · 15K shares
$2.0M · 59K shares
$2.0M · 33K shares
$1.9M · 36K shares
$1.9M · 15K shares
$1.9M · 47K shares
$1.8M · 40K shares
$1.8M · 42K shares
$1.8M · 19K shares
$1.8M · 102K shares
$1.7M · 7K shares
$1.7M · 21K shares
$1.7M · 20K shares
$1.6M · 140K shares
$1.5M · 19K shares
$1.5M · 9K shares
$1.5M · 34K shares
$1.4M · 18K shares
$1.4M · 66K shares
$1.4M · 18K shares
$1.4M · 6K shares
$1.4M · 69K shares
$1.3M · 21K shares
$1.3M · 6K shares
$1.2M · 24K shares
$1.2M · 12K shares
$1.2M · 11K shares
$1.2M · 2K shares
$1.1M · 42K shares
$1.1M · 38K shares
$1.0M · 38K shares
$999K · 8K shares
$939K · 12K shares
$921K · 32K shares
$872K · 9K shares
$843K · 18K shares
$821K · 862 shares
$812K · 46K shares
$798K · 4K shares
$784K · 4K shares
$769K · 18K shares
$695K · 4K shares
$674K · 14K shares
$658K · 67K shares
$647K · 9K shares
$641K · 11K shares
$613K · 11K shares
$603K · 10K shares
$591K · 7K shares
$590K · 76K shares
$588K · 29K shares
$582K · 16K shares
$538K · 5K shares
$535K · 4K shares
$530K · 23K shares
$525K · 6K shares
$485K · 32K shares
$476K · 39K shares
$475K · 10K shares
$450K · 140K shares
$444K · 1K shares
$427K · 12K shares
$424K · 10K shares
$424K · 10K shares
$421K · 14K shares
$420K · 33K shares
$397K · 4K shares
$381K · 5K shares
$376K · 2K shares
$360K · 12K shares
$360K · 36K shares
$349K · 4K shares
$342K · 4K shares
$338K · 45K shares
$334K · 31K shares
$327K · 8K shares
$305K · 30K shares
$301K · 20K shares
$300K · 15K shares
$279K · 6K shares
$272K · 2K shares
$254K · 465 shares
$253K · 8K shares
$252K · 16K shares
$244K · 11K shares
$242K · 6K shares
$234K · 19K shares
$232K · 2K shares
$217K · 2K shares
$207K · 5K shares
$206K · 7K shares
$202K · 4K shares
$191K · 11K shares
$166K · 93K shares
$149K · 13K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Financial Services | 155 | $9.3B | 34.5% |
| Technology | 186 | $7.6B | 28.3% |
| Consumer Cyclical | 121 | $2.2B | 8.1% |
| Healthcare | 110 | $1.6B | 6.0% |
| Communication Services | 32 | $1.4B | 5.2% |
| Industrials | 146 | $1.2B | 4.5% |
| Unknown | 69 | $917.0M | 3.4% |
| Utilities | 31 | $721.0M | 2.7% |
| Basic Materials | 51 | $675.0M | 2.5% |
| Energy | 57 | $651.0M | 2.4% |
| Consumer Defensive | 64 | $577.0M | 2.1% |
| Real Estate | 18 | $59.0M | 0.2% |