Hedge fund, long-only 13F filer
Bridgewater Associates
Bridgewater Associates is the global-macro firm Ray Dalio founded in 1975, trading economies rather than companies — currencies, bonds, commodities and equity indexes — through its Pure Alpha and All Weather strategies. It discloses US-listed long equity (and some options) positions each quarter on SEC Form 13F — bonds, cash, private businesses and non-US holdings are not in that filing.
How has Bridgewater Associates's portfolio moved against the S&P 500?
Rebuilt from its quarterly filings, Bridgewater's disclosed portfolio is up 38% since September 2024. Over the stretch where we can compare, since December 2025, it is down 11% against 9% for the S&P 500. The latest filing, for the quarter ended 30 June 2026, lists 997 positions worth 24.4B USD.
Bridgewater's disclosed holdings, rebuilt at each filing
S&P 500, from Dec 2025, drawn from Bridgewater's level then
Long US stock only, held from one filing to the next: an illustrative read, not an audited return.
What does Bridgewater Associates hold?
STATE STR SPDR S&P 500 ETF T (SPY) is the largest disclosed position, at 16.3% or 4.0B USD. The 15 largest positions, listed below, make up 45% of the 24.4B USD portfolio.
SEC EDGAR Form 13F-HR, quarter ended 30 June 2026
| Position | Value | Weight | Shares | Last quarter |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 4.0B USD | 16.3% | 5.3M | Held |
| IVVISHARES TR | 2.2B USD | 9.2% | 3.0M | Held |
| NVDANVIDIA CORPORATION | 773.6M USD | 3.2% | 3.9M | Held |
| AVGOBROADCOM INC | 497.8M USD | 2.0% | 1.3M | Trimmed |
| AMZNAMAZON COM INC | 482.8M USD | 2.0% | 2.0M | Trimmed |
| GOOGLALPHABET INC | 472.5M USD | 1.9% | 1.3M | Trimmed |
| LRCXLAM RESEARCH CORP | 406.6M USD | 1.7% | 938.2K † | Trimmed |
| VOOVANGUARD INDEX FDS | 314.8M USD | 1.3% | 458.4K | Added |
| AMDADVANCED MICRO DEVICES INC | 312.9M USD | 1.3% | 538.6K † | Trimmed |
| EWYISHARES INC | 279.6M USD | 1.1% | 1.4M | Held |
| MSFTMICROSOFT CORP | 265.6M USD | 1.1% | 711.9K | Trimmed |
| NEMNEWMONT CORP | 251.7M USD | 1.0% | 2.7M | Held |
| AMATAPPLIED MATLS INC | 210.7M USD | 0.9% | 291.4K † | Trimmed |
| ORCLORACLE CORP | 210.0M USD | 0.9% | 1.4M | Held |
| STXSEAGATE TECHNOLOGY HLDNGS PL | 192.8M USD | 0.8% | 199.8K † | Trimmed |
† Share count moved sharply against value during the quarter — likely a stock split in the reporting, not a real position change.
What did Bridgewater Associates change last quarter?
In the quarter ended 30 June 2026 Bridgewater Associates opened 214 positions, the largest EVERSOURCE ENERGY (ES) at 86.4M USD, then APPLOVIN CORP and CONSOLIDATED EDISON INC. It added to 299, trimmed 269 and sold out of 210, against the filing before.
Against the previous quarter's 13F, largest first within each kind; the 20 largest of each kind are listed
| Position | Change | Shares moved | Value after |
|---|---|---|---|
| ESEVERSOURCE ENERGY | New buy | +1.2M | 86.4M USD |
| APPAPPLOVIN CORP | New buy | +146.6K | 75.5M USD |
| EDCONSOLIDATED EDISON INC | New buy | +623.6K | 69.0M USD |
| NINISOURCE INC | New buy | +1.4M | 67.0M USD |
| NOWSERVICENOW INC | New buy | +635.4K | 63.1M USD |
| DUKDUKE ENERGY CORP NEW | New buy | +442.1K | 56.0M USD |
| NTNXNUTANIX INC | New buy | +998.8K | 50.9M USD |
| APAAPA CORPORATION | New buy | +1.4M | 47.0M USD |
| EXEEXPAND ENERGY CORPORATION | New buy | +447.9K | 40.8M USD |
| VMCVULCAN MATLS CO | New buy | +108.7K | 32.1M USD |
| DVNDEVON ENERGY CORP NEW | New buy | +735.2K | 30.4M USD |
| XOMEXXON MOBIL CORP | New buy | +216.2K | 29.6M USD |
| COFCAPITAL ONE FINL CORP | New buy | +145.5K | 29.2M USD |
| PRPERMIAN RESOURCES CORP | New buy | +1.5M | 27.9M USD |
| SWSMURFIT WESTROCK PLC | New buy | +472.0K | 21.8M USD |
| HASHASBRO INC | New buy | +251.8K | 20.8M USD |
| CTVACORTEVA INC | New buy | +243.1K | 20.6M USD |
| XPXP INC | New buy | +1.3M | 20.4M USD |
| WSOWATSCO INC | New buy | +47.9K | 20.0M USD |
| FEFIRSTENERGY CORP | New buy | +381.1K | 18.1M USD |
| VOOVANGUARD INDEX FDS | Added | +299.8K | 314.8M USD |
| VSTVISTRA CORP | Added | +403.2K | 119.2M USD |
| SHELSHELL PLC | Added | +1.2M | 118.3M USD |
| PBRPETROLEO BRASILEIRO S A | Added | +5.4M | 105.4M USD |
| PCGPG&E CORP | Added | +5.9M | 99.8M USD |
| KLACKLA CORP | Added | +219.4K | 99.0M USD |
| NXPINXP SEMICONDUCTORS N V | Added | +74.6K | 94.8M USD |
| EIXEDISON INTL | Added | +1.1M | 91.9M USD |
| MPCMARATHON PETE CORP | Added | +271.9K | 89.3M USD |
| TELTE CONNECTIVITY PLC | Added | +90.5K | 86.0M USD |
| ADIANALOG DEVICES INC | Added | +148.1K | 80.7M USD |
| TPRTAPESTRY INC | Added | +219.1K | 79.0M USD |
| VLOVALERO ENERGY CORP | Added | +151.0K | 74.2M USD |
| EOGEOG RES INC | Added | +526.9K | 70.0M USD |
| FTITECHNIPFMC PLC | Added | +739.0K | 65.6M USD |
| SLBSLB LIMITED | Added | +594.1K | 62.2M USD |
| OVVOVINTIV INC | Added | +671.4K | 54.8M USD |
| HALHALLIBURTON CO | Added | +1.6M | 54.0M USD |
| TFCTRUIST FINL CORP | Added | +347.1K | 53.7M USD |
| PPLPPL CORP | Added | +1.0M | 53.4M USD |
| AVGOBROADCOM INC | Trimmed | −517.5K | 497.8M USD |
| AMZNAMAZON COM INC | Trimmed | −2.4M | 482.8M USD |
| GOOGLALPHABET INC | Trimmed | −675.5K | 472.5M USD |
| LRCXLAM RESEARCH CORP | Trimmed | −633.0K | 406.6M USD |
| AMDADVANCED MICRO DEVICES INC | Trimmed | −754.1K | 312.9M USD |
| MSFTMICROSOFT CORP | Trimmed | −373.1K | 265.6M USD |
| AMATAPPLIED MATLS INC | Trimmed | −268.5K | 210.7M USD |
| STXSEAGATE TECHNOLOGY HLDNGS PL | Trimmed | −129.3K | 192.8M USD |
| GEVGE VERNOVA INC | Trimmed | −312.1K | 144.2M USD |
| MUMICRON TECHNOLOGY INC | Trimmed | −1.4M | 134.7M USD |
| ASMLASML HLDG NV | Trimmed | −30.5K | 122.7M USD |
| CLSCELESTICA INC | Trimmed | −194.9K | 120.6M USD |
| WDCWESTERN DIGITAL CORP | Trimmed | −76.6K | 110.1M USD |
| AAPLAPPLE INC | Trimmed | −199.1K | 105.4M USD |
| FIXCOMFORT SYS USA INC | Trimmed | −38.0K | 96.1M USD |
| CCITIGROUP INC | Trimmed | −270.7K | 73.2M USD |
| METAMETA PLATFORMS INC | Trimmed | −181.6K | 62.0M USD |
| MRVLMARVELL TECHNOLOGY INC | Trimmed | −1.8M | 54.0M USD |
| CIENCIENA CORP | Trimmed | −42.8K | 49.6M USD |
| CRDOCREDO TECHNOLOGY GROUP HOLDI | Trimmed | −849.2K | 48.7M USD |
| CSCOCISCO SYS INC | Sold out | −822.9K | was 63.8M USD |
| ASXASE TECHNOLOGY HLDG CO LTD | Sold out | −1.5M | was 33.6M USD |
| CRWVCOREWEAVE INC | Sold out | −364.0K | was 28.2M USD |
| PRIMPRIMORIS SVCS CORP | Sold out | −136.2K | was 19.5M USD |
| BNBROOKFIELD CORP | Sold out | −477.5K | was 19.3M USD |
| AAOIAPPLIED OPTOELECTRONICS INC | Sold out | −223.9K | was 18.9M USD |
| PLTRPALANTIR TECHNOLOGIES INC | Sold out | −128.2K | was 18.8M USD |
| NBISNEBIUS GROUP N.V. | Sold out | −157.1K | was 16.3M USD |
| SLFSUN LIFE FINANCIAL INC. | Sold out | −250.6K | was 15.7M USD |
| BMYBRISTOL-MYERS SQUIBB CO | Sold out | −241.7K | was 14.7M USD |
| TRITHOMSON REUTERS CORP | Sold out | −159.9K | was 14.4M USD |
| CFRCULLEN FROST BANKERS INC | Sold out | −92.9K | was 12.7M USD |
| TWLOTWILIO INC | Sold out | −97.5K | was 12.3M USD |
| PINSPINTEREST INC | Sold out | −660.5K | was 12.1M USD |
| HUTHUT 8 CORP | Sold out | −245.7K | was 11.5M USD |
| DKSDICKS SPORTING GOODS INC | Sold out | −48.9K | was 9.7M USD |
| INSPINSPIRE MED SYS INC | Sold out | −173.5K | was 9.0M USD |
| NFLXNETFLIX INC. | Sold out | −77.6K | was 7.5M USD |
| ETNEATON CORP PLC | Sold out | −19.5K | was 7.0M USD |
| ITTITT INC | Sold out | −36.0K | was 6.9M USD |
Where is Bridgewater Associates's money by sector?
Technology (24%) and industrials (7%) hold 31% of disclosed value, across 997 positions; financial services (7%) and healthcare (6%) come next.
By reported value at quarter end; sectors from our reference list, "Other" where none matched
What do people ask about Bridgewater Associates?
What is Bridgewater Associates's biggest holding?16.3%
As of the quarter ended 30 June 2026, the largest disclosed position was SPY (STATE STR SPDR S&P 500 ETF T), about 16.3% of the disclosed US-listed portfolio by reported value.
What did Ray Dalio's Bridgewater Associates buy in Q2 2026?214
214 new positions were disclosed for the quarter ended 30 June 2026; the largest were ES, APP, ED. Adds and trims are listed in the quarterly-changes table on this page.
How concentrated is the portfolio?33%
Broadly diversified. The top five positions are 33% of disclosed value and the top ten are 40%.
When is Bridgewater Associates's next 13F due?
13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Bridgewater Associates files is up to the manager; we show whatever EDGAR receives.
Does this show the whole portfolio?
No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.

Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Bridgewater Associates may have already changed these positions since 30 June 2026.
References
- SEC EDGAR Form 13F-HR, quarterly, up to 45 days delayed. Filings are public records. Ticker mapping via SEC public files and OpenFIGI.
- Finazon prior-day close, indicative (IEX-derived, not the official close), some closes dollar-rounded at the source