Bridgewater Associates
Ray Dalio (founder) · CIK 0001350694 · latest 13F for 2026-06-30 filed 2026-08-14
Estimated from 13F holdings — long US equities only; follow-the-filing returns are net of an assumed 10 bps per unit of turnover.
About the fund
Bridgewater Associates is a prominent global investment management firm that provides discretionary investment services to institutional clients, including pension funds, endowments, and central banks. The firm is known for its macroeconomic research, innovative portfolio construction, and systematic investment strategies, including its flagship Pure Alpha and All Weather funds.
Investment approach
Bridgewater structures portfolios based on risk allocations rather than capital allocations, separating strategic asset allocation (beta) from tactical moves (alpha). The firm uses systematic, data-driven processes to identify cause-and-effect relationships in global markets and employs artificial intelligence and machine learning to generate returns. Its investment process is governed by an Investment Committee responsible for risk management and decision-making.
History
Founded by Ray Dalio in 1975 in his New York apartment, the firm initially provided consulting services before expanding into institutional asset management in 1985. It registered as an investment adviser with the SEC in 1990 and became known for pioneering risk parity and the separation of alpha and beta strategies. In 2022, the firm completed a formal transition of control to a board of directors, and in July 2025, it repurchased the last remaining ownership shares held by Ray Dalio-related entities.
Notable positions & campaigns
- Pure Alpha1989 — Flagship alpha strategy designed to achieve high, diversifying returns regardless of market performance.
- All Weather1996 — Optimal beta strategy designed to capture risk premiums by balancing exposure to primary drivers of market volatility.
Profile generated 2026-10-09 from public sources; may be incomplete or out of date.
- Founded by
- Ray Dalio
- Founded
- 1975
- HQ
- Westport, United States
- Reported AUM
- $102.4bn (as of December 31, 2025)
- Website
- bridgewater.com
Management
- Nir Bar DeaChief Executive Officer
- Greg JensenCo-Chief Investment Officer
- Bob PrinceCo-Chief Investment Officer
- Karen Karniol-TambourCo-Chief Investment Officer
- Céline Solange DufételChief Financial Officer — Chief Operating Officer
Holdings heatmap
Latest 13F (2026-06-30): top 50 positions grouped by sector, sized by weight, coloured by the change in weight since the previous 13F.
Holdings map
Each tile is a position, sized by reported value and coloured by the stock's own price return (red down, green up) — the LiquidRound / finviz-style map.
Copy portfolio vs SPY
Growth of $1 following each filing the trading day after it was filed.
Top holdings
Latest 13F (2026-06-30).
| # | Ticker | Value | Weight |
|---|---|---|---|
| 1 | SPY | $4.0B | 16.3% |
| 2 | IVV | $2.2B | 9.2% |
| 3 | NVDA | $774M | 3.2% |
| 4 | AVGO | $498M | 2.0% |
| 5 | AMZN | $483M | 2.0% |
| 6 | GOOGL | $473M | 1.9% |
| 7 | LRCX | $407M | 1.7% |
| 8 | VOO | $315M | 1.3% |
| 9 | AMD | $313M | 1.3% |
| 10 | EWY | $280M | 1.1% |
| 11 | MSFT | $266M | 1.1% |
| 12 | NEM | $252M | 1.0% |
| 13 | AMAT | $211M | 0.9% |
| 14 | ORCL | $210M | 0.9% |
| 15 | — | $193M | 0.8% |
| 16 | JNJ | $170M | 0.7% |
| 17 | VWO | $164M | 0.7% |
| 18 | GEV | $144M | 0.6% |
| 19 | UNP | $140M | 0.6% |
| 20 | MU | $135M | 0.6% |
| 21 | MBB | $131M | 0.5% |
| 22 | MO | $124M | 0.5% |
| 23 | APH | $123M | 0.5% |
| 24 | — | $123M | 0.5% |
| 25 | B | $121M | 0.5% |
Sector mix
Top-25 holdings by weight.
Changes this quarter
| Move | Ticker | Prev wt | Now wt |
|---|---|---|---|
| added | SPY | 12.7% | 16.3% |
| trimmed | AMZN | 4.1% | 2.0% |
| trimmed | MU | 2.2% | 0.6% |
| trimmed | TSM | 1.6% | 0.1% |
| added | IVV | 7.8% | 9.2% |
| trimmed | GEV | 1.7% | 0.6% |
| added | VOO | 0.4% | 1.3% |
| trimmed | MSFT | 1.8% | 1.1% |
| trimmed | MRVL | 0.9% | 0.2% |
| trimmed | GOOGL | 2.6% | 1.9% |
| trimmed | ANET | 0.7% | 0.2% |
| trimmed | AVGO | 2.5% | 2.0% |
| trimmed | META | 0.7% | 0.3% |
| trimmed | NVDA | 3.7% | 3.2% |
| added | PCG | 0.0% | 0.4% |
| trimmed | ARM | 0.4% | 0.0% |
| trimmed | GOOG | 0.5% | 0.1% |
| trimmed | VRT | 0.5% | 0.1% |
| trimmed | ALAB | 0.4% | 0.0% |
| added | SHEL | 0.1% | 0.5% |
Quarterly copy returns
Each 13F held from the day after filing until the next filing.
| 13F period | Copy | SPY | Alpha | Coverage |
|---|---|---|---|---|
| 2026-06-30 | -1.7% | +0.4% | -2.1% | 92% |
| 2026-03-31 | +8.7% | +4.9% | +3.8% | 92% |
| 2025-12-31 | +9.7% | +8.5% | +1.3% | 92% |
| 2025-09-30 | +2.0% | +1.9% | +0.1% | 93% |
| 2025-06-30 | +4.3% | +4.5% | -0.1% | 94% |
| 2025-03-31 | +9.2% | +9.6% | -0.4% | 94% |
| 2024-12-31 | -2.1% | -2.9% | +0.7% | 95% |
| 2024-09-30 | +4.9% | +3.1% | +1.8% | 94% |
| 2024-06-30 | +6.2% | +7.6% | -1.5% | 93% |
| 2024-03-31 | +3.1% | +4.7% | -1.6% | 94% |
| 2023-12-31 | +4.8% | +5.9% | -1.0% | 94% |
| 2023-09-30 | +10.9% | +12.3% | -1.5% | 94% |
| 2023-06-30 | -2.5% | +0.5% | -3.0% | 94% |
| 2023-03-31 | +3.3% | +8.9% | -5.6% | 94% |
| 2022-12-31 | +0.4% | +0.5% | -0.0% | 92% |
| 2022-09-30 | +4.9% | +4.0% | +0.9% | 91% |
Filing dates
- 2026-08-1413F-HR for 2026-06-30 · $24.4B · 997 rows
- 2026-05-1513F-HR for 2026-03-31 · $22.4B · 993 rows
- 2026-02-1313F-HR for 2025-12-31 · $27.4B · 1,040 rows
- 2025-11-1313F-HR for 2025-09-30 · $25.5B · 1,014 rows
- 2025-08-1313F-HR for 2025-06-30 · $24.8B · 585 rows
- 2025-05-1413F-HR for 2025-03-31 · $21.6B · 664 rows
- 2025-02-1313F-HR for 2024-12-31 · $21.8B · 691 rows
- 2024-11-1313F-HR for 2024-09-30 · $17.7B · 773 rows
- 2024-08-1413F-HR for 2024-06-30 · $19.2B · 877 rows
- 2024-05-1413F-HR for 2024-03-31 · $19.8B · 677 rows
- 2024-02-1413F-HR for 2023-12-31 · $17.9B · 742 rows
- 2023-11-1313F-HR for 2023-09-30 · $16.5B · 740 rows
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