Bridgewater Associates (Dalio)

CIK: 0001350694 · Filing period: 2025-12-31

Bold Strategists

Ray Dalio built the world's largest hedge fund on 'radical transparency' and big-picture economic bets; his book Principles became a global bestseller.

F Copyable return: +10.3%/yr vs S&P +19.7%/yr if you'd mirrored their filings (2022-09-30 → 2025-09-30) · beat the market 27% of quarters how?

1.3×

Trust Weight

1040

Positions

In our model

191

New

436

Increasing

378

Decreasing

Unchanged

In Our Model Portfolio

These holdings also appear in the Big Money Radar model

NVDA 2.6% GOOGL 1.8% AMZN 1.6% AMD 1.3% V 0.7% META 0.5% DHR 0.0% TMO 0.0%

Recent Moves

What Bridgewater Associates opened, added to, or trimmed in their latest 13F — 959 position changes

SPY STATE STR SPDR S&P 500 ETF T ▲ Added +22% 16.3% of port. IVV ISHARES TR ▲ Added +12% 9.2% of port. NVDA NVIDIA CORPORATION ▼ Trimmed -18% 3.2% of port. AVGO BROADCOM INC ▼ Trimmed -28% 2.0% of port. AMZN AMAZON COM INC ▼ Trimmed -54% 2.0% of port. GOOGL ALPHABET INC ▼ Trimmed -34% 1.9% of port. LRCX LAM RESEARCH CORP ▼ Trimmed -40% 1.7% of port. VOO VANGUARD INDEX FDS ▲ Added +189% 1.3% of port. AMD ADVANCED MICRO DEVICES INC ▼ Trimmed -58% 1.3% of port. EWY ISHARES INC ▼ Trimmed -22% 1.1% of port.

Top 10 positions (% of portfolio)

Sector breakdown

All Holdings

1040 positions, sorted by portfolio weight

← swipe to see all columns

#	Company	Ticker	Sector	% of Portfolio	Activity	Change
1	SPDR S&P 500 ETF TR	SPY	ETF	11.1%	▲ Increasing	+74%
2	ISHARES TR	IVV	Other	10.4%	▲ Increasing	+3%
3	NVIDIA CORPORATION	NVDA	Technology	2.6%	▲ Increasing	+54%
4	LAM RESEARCH CORP	LRCX	Technology	1.9%	▼ Decreasing	-12%
5	SALESFORCE INC	CRM	Other	1.9%	▼ Decreasing	-4%
6	ALPHABET INC	GOOGL	Technology	1.8%	▼ Decreasing	-40%
7	MICROSOFT CORP	MSFT	Technology	1.7%	▼ Decreasing	-10%
8	AMAZON COM INC	AMZN	Consumer	1.6%	▲ Increasing	+73%
9	ADOBE INC	ADBE	Other	1.6%	— Unchanged	+1%
10	GE VERNOVA INC	GEV	Industrials	1.6%	▲ Increasing	+2%
11	BOOKING HOLDINGS INC	BKNG	Other	1.6%	▲ Increasing	+4%
12	BROADCOM INC	AVGO	Technology	1.5%	▲ Increasing	+38%
13	ORACLE CORP	ORCL	Other	1.3%	▲ Increasing	+361%
14	ADVANCED MICRO DEVICES INC	AMD	Technology	1.3%	▼ Decreasing	-8%
15	JOHNSON & JOHNSON	JNJ	Other	1.0%	▼ Decreasing	-23%
16	MICRON TECHNOLOGY INC	MU	Other	0.9%	▲ Increasing	+52355%
17	MASTERCARD INCORPORATED	MA	Financials	0.8%	▲ Increasing	+12%
18	NEWMONT CORP	NEM	Other	0.8%	▲ Increasing	+496%
19	WORKDAY INC	WDAY	Other	0.8%	▼ Decreasing	-7%
20	SERVICENOW INC	NOW	Other	0.8%	▲ Increasing	+343%
21	ISHARES INC	EWY	Other	0.7%	— Unchanged	+2%
22	PAYPAL HLDGS INC	PYPL	Other	0.7%	▲ Increasing	+18%
23	SEA LTD	SE	Communications	0.7%	▼ Decreasing	-4%
24	ALTRIA GROUP INC	MO	Other	0.7%	▼ Decreasing	-11%
25	VISA INC	V	Financials	0.7%	▼ Decreasing	-21%
26	ARISTA NETWORKS INC	ANET	Other	0.6%	▲ Increasing	+95%
27	EXPEDIA GROUP INC	EXPE	Other	0.6%	▼ Decreasing	-15%
28	REDDIT INC	RDDT	Other	0.6%	▲ Increasing	+24%
29	BRITISH AMERN TOB PLC	BMTA	Other	0.6%	▼ Decreasing	-21%
30	HCA HEALTHCARE INC	HCA	Other	0.6%	▼ Decreasing	-3%
31	META PLATFORMS INC	META	Technology	0.5%	▼ Decreasing	-46%
32	VANGUARD INTL EQUITY INDEX F	VWO	Other	0.5%	▲ Increasing	+5%
33	ISHARES TR	MBB	Other	0.5%	— Unchanged	+2%
34	APPLIED MATLS INC	AMAT	Technology	0.5%	▲ Increasing	+3%
35	PINTEREST INC	PINS	Other	0.4%	▲ Increasing	+5%
36	ISHARES TR	LQD	Other	0.4%	▲ Increasing	+4%
37	AMPHENOL CORP NEW	APH	Other	0.4%	▲ Increasing	+9%
38	BARRICK MNG CORP	B	Other	0.4%	▲ Increasing	+306%
39	WELLS FARGO CO NEW	WFC	Other	0.4%	▼ Decreasing	-55%
40	COMCAST CORP NEW	CMCSA	Other	0.4%	▼ Decreasing	-49%
41	UBER TECHNOLOGIES INC	UBER	Consumer	0.4%	▼ Decreasing	-64%
42	CELESTICA INC	CLS	Other	0.4%	▲ Increasing	+115%
43	TE CONNECTIVITY PLC	—	Other	0.4%	▲ Increasing	+84%
44	TALEN ENERGY CORP	TLN	Other	0.4%	▲ Increasing	+78%
45	KLA CORP	KLAC	Other	0.3%	▼ Decreasing	-30%
46	THE CIGNA GROUP	CI	Other	0.3%	▼ Decreasing	-43%
47	ASML HOLDING N V	—	Other	0.3%	▼ Decreasing	-5%
48	MANULIFE FINL CORP	MFC	Other	0.3%	▼ Decreasing	-14%
49	BLOCK INC	SQ	Other	0.3%	▲ Increasing	+961%
50	ISHARES INC	IEMG	Other	0.3%	▲ Increasing	+10%
… and 990 more positions

#1 SPDR S&P 500 ETF TR 11.1%

SPY · ETF ▲ Increasing +74%

#2 ISHARES TR 10.4%

IVV · Other ▲ Increasing +3%

#3 NVIDIA CORPORATION 2.6%

NVDA · Technology ▲ Increasing +54%

#4 LAM RESEARCH CORP 1.9%

LRCX · Technology ▼ Decreasing -12%

#5 SALESFORCE INC 1.9%

CRM · Other ▼ Decreasing -4%

#6 ALPHABET INC 1.8%

GOOGL · Technology ▼ Decreasing -40%

#7 MICROSOFT CORP 1.7%

MSFT · Technology ▼ Decreasing -10%

#8 AMAZON COM INC 1.6%

AMZN · Consumer ▲ Increasing +73%

#9 ADOBE INC 1.6%

ADBE · Other — Unchanged

#10 GE VERNOVA INC 1.6%

GEV · Industrials ▲ Increasing +2%

#11 BOOKING HOLDINGS INC 1.6%

BKNG · Other ▲ Increasing +4%

#12 BROADCOM INC 1.5%

AVGO · Technology ▲ Increasing +38%

#13 ORACLE CORP 1.3%

ORCL · Other ▲ Increasing +361%

#14 ADVANCED MICRO DEVICES INC 1.3%

AMD · Technology ▼ Decreasing -8%

#15 JOHNSON & JOHNSON 1.0%

JNJ · Other ▼ Decreasing -23%

#16 MICRON TECHNOLOGY INC 0.9%

MU · Other ▲ Increasing +52355%

#17 MASTERCARD INCORPORATED 0.8%

MA · Financials ▲ Increasing +12%

#18 NEWMONT CORP 0.8%

NEM · Other ▲ Increasing +496%

#19 WORKDAY INC 0.8%

WDAY · Other ▼ Decreasing -7%

#20 SERVICENOW INC 0.8%

NOW · Other ▲ Increasing +343%

#21 ISHARES INC 0.7%

EWY · Other — Unchanged

#22 PAYPAL HLDGS INC 0.7%

PYPL · Other ▲ Increasing +18%

#23 SEA LTD 0.7%

SE · Communications ▼ Decreasing -4%

#24 ALTRIA GROUP INC 0.7%

MO · Other ▼ Decreasing -11%

#25 VISA INC 0.7%

V · Financials ▼ Decreasing -21%

#26 ARISTA NETWORKS INC 0.6%

ANET · Other ▲ Increasing +95%

#27 EXPEDIA GROUP INC 0.6%

EXPE · Other ▼ Decreasing -15%

#28 REDDIT INC 0.6%

RDDT · Other ▲ Increasing +24%

#29 BRITISH AMERN TOB PLC 0.6%

BMTA · Other ▼ Decreasing -21%

#30 HCA HEALTHCARE INC 0.6%

HCA · Other ▼ Decreasing -3%

#31 META PLATFORMS INC 0.5%

META · Technology ▼ Decreasing -46%

#32 VANGUARD INTL EQUITY INDEX F 0.5%

VWO · Other ▲ Increasing +5%

#33 ISHARES TR 0.5%

MBB · Other — Unchanged

#34 APPLIED MATLS INC 0.5%

AMAT · Technology ▲ Increasing +3%

#35 PINTEREST INC 0.4%

PINS · Other ▲ Increasing +5%

#36 ISHARES TR 0.4%

LQD · Other ▲ Increasing +4%

#37 AMPHENOL CORP NEW 0.4%

APH · Other ▲ Increasing +9%

#38 BARRICK MNG CORP 0.4%

B · Other ▲ Increasing +306%

#39 WELLS FARGO CO NEW 0.4%

WFC · Other ▼ Decreasing -55%

#40 COMCAST CORP NEW 0.4%

CMCSA · Other ▼ Decreasing -49%

#41 UBER TECHNOLOGIES INC 0.4%

UBER · Consumer ▼ Decreasing -64%

#42 CELESTICA INC 0.4%

CLS · Other ▲ Increasing +115%

#43 TE CONNECTIVITY PLC 0.4%

Other ▲ Increasing +84%

#44 TALEN ENERGY CORP 0.4%

TLN · Other ▲ Increasing +78%

#45 KLA CORP 0.3%

KLAC · Other ▼ Decreasing -30%

#46 THE CIGNA GROUP 0.3%

CI · Other ▼ Decreasing -43%

#47 ASML HOLDING N V 0.3%

Other ▼ Decreasing -5%

#48 MANULIFE FINL CORP 0.3%

MFC · Other ▼ Decreasing -14%

#49 BLOCK INC 0.3%

SQ · Other ▲ Increasing +961%

#50 ISHARES INC 0.3%

IEMG · Other ▲ Increasing +10%

… and 990 more positions

⚠ Disclaimer: Holdings data from SEC EDGAR 13F filings for Bridgewater Associates (Dalio), delayed up to 135 days after quarter-end. This is not investment advice. The investor may have already changed these positions.

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