Ray Dalio's portfolio
In the Q2 2026 13F, filed August 14, 2026, Bridgewater Associates reported 997 US stock positions worth $24.4B. The largest was Spdr S&P 500 ETF Trust (SPY) at 16.3% of the portfolio. New positions: Eversource Energy (ES), Applovin (APP) and Consolidated Edison (ED). Added to: Spdr S&P 500 ETF Trust (SPY) and iShares Core S&P 500 ETF (IVV). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Eversource EnergyES$86M
- ApplovinAPP$76M
- Consolidated EdisonED$69M
- NiSourceNI$67M
- ServiceNowNOW$63M
- Duke EnergyDUK$56M
- NutanixNTNX$51M
- APAAPA$47M
- Expand EnergyEXE$41M
- Vulcan MaterialsVMC$32M
Added to
- Spdr S&P 500 ETF TrustSPY$4.0B
- iShares Core S&P 500 ETFIVV$2.2B
- VOOVOO$315M
- VWOVWO$164M
- Altria GroupMO$124M
- Barrick MiningB$121M
- VistraVST$119M
- ShellSHEL$118M
- LQDLQD$115M
- PACCARPCAR$114M
Trimmed
- NVIDIANVDA$774M
- BroadcomAVGO$498M
- Amazon.comAMZN$483M
- AlphabetGOOGL$473M
- Lam ResearchLRCX$407M
- Advanced Micro DevicesAMD$313M
- iShares MSCI South Korea ETFEWY$280M
- MicrosoftMSFT$266M
- Applied MaterialsAMAT$211M
- OracleORCL$210M
Sold out
None this quarter.
Holdings
997 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Spdr S&P 500 ETF TrustSPY | 16.30% | $4.0B | 5,320,308 | Added |
| iShares Core S&P 500 ETFIVV | 9.22% | $2.2B | 3,002,286 | Added |
| NVIDIANVDA | 3.17% | $774M | 3,866,195 | Trimmed |
| BroadcomAVGO | 2.04% | $498M | 1,317,923 | Trimmed |
| Amazon.comAMZN | 1.98% | $483M | 2,025,481 | Trimmed |
| AlphabetGOOGL | 1.94% | $473M | 1,322,176 | Trimmed |
| Lam ResearchLRCX | 1.67% | $407M | 938,224 | Trimmed |
| VOOVOO | 1.29% | $315M | 458,381 | Added |
| Advanced Micro DevicesAMD | 1.28% | $313M | 538,632 | Trimmed |
| iShares MSCI South Korea ETFEWY | 1.15% | $280M | 1,384,772 | Trimmed |
| MicrosoftMSFT | 1.09% | $266M | 711,896 | Trimmed |
| Newmont | 1.03% | $252M | 2,695,170 | Held |
| Applied MaterialsAMAT | 0.86% | $211M | 291,426 | Trimmed |
| OracleORCL | 0.86% | $210M | 1,432,967 | Trimmed |
| Seagate Technology Hldngs Pl | 0.79% | $193M | 199,822 | Held |
| Johnson & JohnsonJNJ | 0.70% | $170M | 669,135 | Trimmed |
| VWOVWO | 0.67% | $164M | 2,746,819 | Added |
| GE VernovaGEV | 0.59% | $144M | 122,768 | Trimmed |
| Union PacificUNP | 0.57% | $140M | 514,266 | Trimmed |
| Micron TechnologyMU | 0.55% | $135M | 116,666 | Trimmed |
| Ishares Tr | 0.54% | $131M | 1,386,800 | Held |
| Altria GroupMO | 0.51% | $124M | 1,727,216 | Added |
| Amphenol | 0.51% | $123M | 697,612 | Held |
| Asml Hldg Nv | 0.50% | $123M | 61,675 | Held |
| Barrick MiningB | 0.50% | $121M | 3,304,836 | Added |
| CelesticaCLS | 0.49% | $121M | 330,689 | Trimmed |
| VistraVST | 0.49% | $119M | 751,695 | Added |
| ShellSHEL | 0.48% | $118M | 1,526,163 | Added |
| Sea | 0.47% | $115M | 1,204,563 | Held |
| LQDLQD | 0.47% | $115M | 1,050,500 | Added |
| NucorNUE | 0.47% | $114M | 513,423 | Trimmed |
| PACCARPCAR | 0.47% | $114M | 946,107 | Added |
| Western DigitalWDC | 0.45% | $110M | 172,415 | Trimmed |
| iShares Core MSCI Emerging Markets ETFIEMG | 0.45% | $110M | 1,328,276 | Trimmed |
| CSXCSX | 0.43% | $106M | 2,229,965 | Trimmed |
| Petroleo Brasileiro PetrobrasPBR | 0.43% | $105M | 6,524,553 | Added |
| AppleAAPL | 0.43% | $105M | 364,377 | Trimmed |
| Eli Lilly and CompanyLLY | 0.43% | $104M | 87,023 | Added |
| PG&EPCG | 0.41% | $100M | 5,931,314 | Added |
| KLAKLAC | 0.41% | $99M | 328,070 | Added |
| Comfort Systems USAFIX | 0.39% | $96M | 48,506 | Trimmed |
| NXP SemiconductorsNXPI | 0.39% | $95M | 337,405 | Added |
| Wells Fargo & CompanyWFC | 0.39% | $95M | 1,145,854 | Added |
| Edison InternationalEIX | 0.38% | $92M | 1,234,614 | Added |
| Ishares | 0.37% | $90M | 880,516 | Held |
| Marathon PetroleumMPC | 0.37% | $89M | 349,224 | Added |
| Steel DynamicsSTLD | 0.36% | $87M | 378,490 | Trimmed |
| Eversource EnergyES | 0.35% | $86M | 1,195,140 | New |
| TE ConnectivityTEL | 0.35% | $86M | 426,718 | Added |
| Analog DevicesADI | 0.33% | $81M | 203,208 | Added |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Ray Dalio own?
In the Q2 2026 13F, Bridgewater Associates reported 997 US stock positions worth $24.4B. The largest: Spdr S&P 500 ETF Trust (SPY) 16.3%, iShares Core S&P 500 ETF (IVV) 9.2%, NVIDIA (NVDA) 3.2%, Broadcom (AVGO) 2.0%, Amazon.com (AMZN) 2.0%.
What did Ray Dalio buy last quarter?
In Q2 2026: new position in Eversource Energy (ES); new position in Applovin (APP); new position in Consolidated Edison (ED); added to Spdr S&P 500 ETF Trust (SPY); added to iShares Core S&P 500 ETF (IVV); added to VOO (VOO).
What did Ray Dalio sell last quarter?
In Q2 2026: cut NVIDIA (NVDA); cut Broadcom (AVGO); cut Amazon.com (AMZN).
When is Ray Dalio's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash,
bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.
Photo: Web Summit (credits).