Smart Money
RD

Ray Dalio

Bridgewater Associates·macro·Quant & multi-strat
Closed

~11.5–12% since 1991

Portfolio value

$24.3B

Positions

976

Top 5 concentration

33%

New buys this quarter

1

Recent moves vs Mar 2026

$ESNew buy0.4%
$SPYAdded16.3%
$IVVAdded9.2%
$VOOAdded1.3%
$NEMAdded1%
$BAdded0.5%
$VSTAdded0.5%
$SHELAdded0.5%
$PCARAdded0.5%
$PBRAdded0.4%
$LLYAdded0.4%
$PCGAdded0.4%
$KLACAdded0.4%
$NXPIAdded0.4%
$WFCAdded0.4%
$EIXAdded0.4%
$MPCAdded0.4%
$TELAdded0.4%
$ADIAdded0.3%
$NVDATrimmed3.2%
$AVGOTrimmed2%
$AMZNTrimmed2%
$GOOGLTrimmed1.9%
$LRCXTrimmed1.7%
$AMDTrimmed1.3%
$EWYTrimmed1.1%
$MSFTTrimmed1.1%
$AMATTrimmed0.9%
$ORCLTrimmed0.9%
$STXTrimmed0.8%
$GEVTrimmed0.6%
$MUTrimmed0.6%
$APHTrimmed0.5%
$ASMLTrimmed0.5%
$CLSTrimmed0.5%
$SETrimmed0.5%
$NUETrimmed0.5%
$WDCTrimmed0.5%
$CSXTrimmed0.4%
$AAPLTrimmed0.4%
$FIXTrimmed0.4%
$EMXCTrimmed0.4%
$STLDTrimmed0.4%

Holdings

StockMove% of portfolioValue
$SPY

STATE STR SPDR S&P 500 ETF T

Added
16.3%
$4.0B
$IVV

ISHARES TR

Added
9.2%
$2.2B
$NVDA

NVIDIA CORPORATION

Trimmed
3.2%
$774M
$AVGO

BROADCOM INC

Trimmed
2%
$498M
$AMZN

AMAZON COM INC

Trimmed
2%
$483M
$GOOGL

ALPHABET INC

Trimmed
1.9%
$473M
$LRCX

LAM RESEARCH CORP

Trimmed
1.7%
$407M
$VOO

VANGUARD INDEX FDS

Added
1.3%
$315M
$AMD

ADVANCED MICRO DEVICES INC

Trimmed
1.3%
$313M
$EWY

ISHARES INC

Trimmed
1.1%
$280M
$MSFT

MICROSOFT CORP

Trimmed
1.1%
$266M
$NEM

NEWMONT CORP

Added
1%
$252M
$AMAT

APPLIED MATLS INC

Trimmed
0.9%
$211M
$ORCL

ORACLE CORP

Trimmed
0.9%
$210M
$STX

SEAGATE TECHNOLOGY HLDNGS PL

Trimmed
0.8%
$193M
$JNJ

JOHNSON & JOHNSON

Held
0.7%
$170M
$VWO

VANGUARD INTL EQUITY INDEX F

Held
0.7%
$164M
$GEV

GE VERNOVA INC

Trimmed
0.6%
$144M
$UNP

UNION PAC CORP

Held
0.6%
$140M
$MU

MICRON TECHNOLOGY INC

Trimmed
0.6%
$135M
$MBB

ISHARES TR

Held
0.5%
$131M
$MO

ALTRIA GROUP INC

Held
0.5%
$124M
$APH

AMPHENOL CORP

Trimmed
0.5%
$123M
$ASML

ASML HLDG NV

Trimmed
0.5%
$123M
$B

BARRICK MNG CORP

Added
0.5%
$121M
$CLS

CELESTICA INC

Trimmed
0.5%
$121M
$VST

VISTRA CORP

Added
0.5%
$119M
$SHEL

SHELL PLC

Added
0.5%
$118M
$SE

SEA LTD

Trimmed
0.5%
$115M
$LQD

ISHARES TR

Held
0.5%
$115M
$NUE

NUCOR CORP

Trimmed
0.5%
$114M
$PCAR

PACCAR INC

Added
0.5%
$114M
$WDC

WESTERN DIGITAL CORP

Trimmed
0.5%
$110M
$IEMG

ISHARES INC

Held
0.5%
$110M
$CSX

CSX CORP

Trimmed
0.4%
$106M
$PBR

PETROLEO BRASILEIRO S A

Added
0.4%
$105M
$AAPL

APPLE INC

Trimmed
0.4%
$105M
$LLY

ELI LILLY & CO

Added
0.4%
$104M
$PCG

PG&E CORP

Added
0.4%
$100M
$KLAC

KLA CORP

Added
0.4%
$99M
$FIX

COMFORT SYS USA INC

Trimmed
0.4%
$96M
$NXPI

NXP SEMICONDUCTORS N V

Added
0.4%
$95M
$WFC

WELLS FARGO & CO

Added
0.4%
$95M
$EIX

EDISON INTL

Added
0.4%
$92M
$EMXC

ISHARES INC

Trimmed
0.4%
$90M
$MPC

MARATHON PETE CORP

Added
0.4%
$89M
$STLD

STEEL DYNAMICS INC

Trimmed
0.4%
$87M
$ES

EVERSOURCE ENERGY

New buy
0.4%
$86M
$TEL

TE CONNECTIVITY PLC

Added
0.4%
$86M
$ADI

ANALOG DEVICES INC

Added
0.3%
$81M

Showing top 50 of 976 equity positions (this fund runs a diversified book).

Source: SEC 13F via FMP · Jun 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.