Bridgewater Associates, LP

Superinvestor · Ray Dalio

CIK

1350694

Location

Westport, CT

Portfolio Value

Large $19,616,932,066

Diversification

Diversified

Filing Date

Global Rank

#276 / 8,605 ▼ 23 · as of Mar 2026

Top Industry

Semiconductors 19.3%

3Y Alpha vs SPY

-3.7%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+63.6%

SPY

+76.5%

Annualised alpha

-3.0%

Max drawdown

−19.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

974 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.5%

+1.7 pts

Top 5

29.1%

+6.9 pts

Top 10

39.2%

+7.5 pts

HHI

308

Diversified+77

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.4%	$6,553,719,591	154
Unclassified	14.5%	$2,838,644,353	1
Industrials	9.9%	$1,946,846,013	159
Consumer Cyclical	8.7%	$1,703,656,561	119
Financial Services	7.7%	$1,508,879,457	126
Healthcare	7.0%	$1,364,173,926	122
Basic Materials	5.7%	$1,116,824,500	69
Communication Services	5.1%	$992,527,341	36
Energy	2.8%	$550,243,636	53
Consumer Defensive	2.7%	$530,155,021	67
Utilities	2.2%	$440,172,020	36
Real Estate	0.4%	$71,089,647	32

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SBSW	Sibanye Stillwater Ltd	+4,160,771	4,426,451	$54,533,876
AMZN	Amazon Com Inc	+2,440,457	4,388,711	$914,036,839
CSX	Csx Corp	+1,684,261	2,375,228	$97,503,109
AMKR	Amkor Technology, Inc.	+1,504,790	1,580,929	$71,189,232
BKR	Baker Hughes Co	+1,021,848	1,381,645	$84,349,427
MRVL	Marvell Technology, Inc.	+961,725	1,948,947	$193,043,200
NVDA	Nvidia Corp	+827,798	4,693,003	$818,459,723
CRDO	Credo Technology Group Holding Ltd	+707,091	1,028,202	$96,517,321
FHN	First Horizon Corp	+703,038	1,631,610	$37,135,443
AVGO	Broadcom Inc.	+669,640	1,835,380	$568,068,463
CDE	Coeur Mining, Inc.	+668,515	1,302,801	$24,453,574
KGC	Kinross Gold Corp	+641,925	1,159,586	$35,390,564
LUV	Southwest Airlines Co	+629,817	700,368	$26,312,825
B	Barrick Mining Corp	+592,734	3,079,243	$125,602,321
MU	Micron Technology Inc	+586,064	1,475,704	$498,551,839
ONON	On Holding AG	+551,961	610,088	$20,755,193
ALAB	Astera Labs, Inc.	+510,410	750,940	$82,303,024
BTG	B2gold Corp	+488,128	552,901	$2,504,641
UNP	Union Pacific Corp	+478,341	532,850	$129,280,067
HBM	Hudbay Minerals Inc.	+475,027	619,376	$12,944,958
CENX	Century Aluminum Co	+460,719	732,517	$42,991,422
IREN	IREN Ltd	+444,237	720,925	$24,713,309
GOOGL	Alphabet Inc.	+406,848	1,997,674	$574,451,135
WSC	WillScot Holdings Corp	+402,572	658,986	$11,439,996
BCRX	Biocryst Pharmaceuticals Inc	+402,482	638,054	$6,074,274
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PINS	Pinterest, Inc.	−3,657,367	660,539	$12,114,285
PYPL	PayPal Holdings, Inc.	−3,319,491	9,820	$444,158
GRAB	Grab Holdings Ltd	−3,211,102	8,322,991	$30,462,147
CMCSA	Comcast Corp	−2,317,392	1,192,620	$34,240,120
PATH	UiPath, Inc.	−2,187,368	37,242	$413,386
BTI	British American Tobacco p.l.c.	−2,186,230	765,848	$44,779,132
VALE	Vale S.A.	−2,038,268	3,986,229	$63,420,903
GTM	ZoomInfo Technologies Inc.	−1,894,631	26,574	$158,912
HPE	Hewlett Packard Enterprise Co	−1,702,449	1,476,822	$35,163,131
MO	Altria Group, Inc.	−1,571,240	1,705,511	$112,546,670
LRCX	Lam Research Corp	−1,470,432	1,571,229	$335,708,788
F	Ford Motor Co	−1,461,059	262,313	$3,027,092
GNTX	Gentex Corp	−1,287,279	11,638	$254,290
ADBE	Adobe Inc.	−1,273,743	1,312	$318,920
UBER	Uber Technologies, Inc	−1,253,816	35,245	$2,535,172
XYZ	Block, Inc.	−1,189,450	140,703	$8,467,506
DT	Dynatrace, Inc.	−1,113,340	162,908	$6,024,337
CTRA	Coterra Energy Inc.	−1,065,733	83,369	$2,929,586
DNN	Denison Mines Corp.	−886,863	582,607	$2,056,602
FRSH	Freshworks Inc.	−884,529	19,961	$160,286
OVV	Ovintiv Inc.	−869,650	369,965	$21,961,122
WU	Western Union CO	−853,985	107,172	$935,611
OMC	Omnicom Group Inc.	−809,791	5,345	$402,531
TOST	Toast, Inc.	−789,817	337,235	$8,940,099
GSK	GSK plc	−717,859	698,666	$38,559,376
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
TSM	Taiwan Semiconductor Manufacturing Co Ltd	1,077,079	$363,998,848
NUE	Nucor Corp	618,528	$104,593,084
PCAR	Paccar Inc	777,072	$89,751,816
SNPS	Synopsys Inc	208,353	$82,607,797
TSEM	Tower Semiconductor Ltd	462,725	$81,198,983
STLD	Steel Dynamics Inc	438,079	$78,854,220
INSM	INSMED Inc	295,579	$48,333,078
ASX	ASE Technology Holding Co., Ltd.	1,547,859	$33,557,583
CRWV	CoreWeave, Inc.	364,025	$28,201,016
PBR	Petrobras - Petroleo Brasileiro SA	1,150,984	$23,882,918
KMT	Kennametal Inc	639,195	$23,094,115
AAOI	Applied Optoelectronics, Inc.	223,935	$18,942,661
EMR	Emerson Electric Co	133,973	$17,553,142
TRI	Thomson Reuters Corp /Can/	159,909	$14,388,611
WAL	Western Alliance Bancorporation	190,800	$13,518,180
ROST	Ross Stores, Inc.	62,291	$13,494,099
RAL	Ralliant Corp	323,474	$13,453,283
J	Jacobs Solutions Inc.	98,091	$12,485,022
CSTM	Constellium SE	502,971	$12,363,027
LPX	Louisiana-Pacific Corp	169,156	$12,306,099
HUT	Hut 8 Corp.	245,659	$11,523,863
SHC	Sotera Health Co	695,392	$9,971,921
DKS	Dick's Sporting Goods, Inc.	48,855	$9,687,457
FLR	Fluor Corp	191,468	$8,931,982
IBOC	International Bancshares Corp	131,636	$8,857,786
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	1,932,066	$511,823,604
WDAY	Workday, Inc.	965,117	$207,287,829
NOW	ServiceNow, Inc.	1,338,885	$205,103,793
GPN	Global Payments Inc	958,080	$74,155,392
GDDY	GoDaddy Inc.	567,916	$70,467,017
MTCH	Match Group, Inc.	2,142,297	$69,174,770
ALIT	Alight, Inc. / Delaware	1,682,954	$65,635,206
ADSK	Autodesk, Inc.	184,199	$54,524,745
WBS	Webster Financial Corp	754,071	$47,461,228
DVN	Devon Energy Corp/De	1,170,881	$42,889,371
LPLA	LPL Financial Holdings Inc.	118,294	$42,251,067
CART	Maplebear Inc.	917,620	$41,274,547
COF	Capital One Financial Corp	157,774	$38,238,106
MNDY	monday.com Ltd.	239,186	$35,294,286
MRK	Merck & Co., Inc.	310,221	$32,653,862
CPAY	Corpay, Inc.	100,657	$30,290,711
OC	Owens Corning	246,565	$27,593,089
CHKP	Check Point Software Technologies Ltd	138,471	$25,694,678
GTLB	Gitlab Inc.	644,268	$24,179,378
S	SentinelOne, Inc.	1,562,111	$23,431,665
GEN	Gen Digital Inc.	817,890	$22,238,429
CP	Canadian Pacific Kansas City Ltd/Cn	294,565	$21,688,820
NTNX	Nutanix, Inc.	413,699	$21,384,101
FTNT	Fortinet, Inc.	267,384	$21,232,963
ALV	Autoliv Inc	177,101	$21,021,888
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

974 positions · $19,616,932,066 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 974 positions by value · page 1 of 20

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	4,364,862	-90,551	$2,838,644,353	−6.6%	$679.90	14.47%
AMZN	Amazon Com Inc Consumer Cyclical	Added	4,388,711	+2,440,457	$914,036,839	+103.3%	$220.17	4.66%
NVDA	Nvidia Corp Technology	Added	4,693,003	+827,798	$818,459,723	+13.5%	$183.46	4.17%
GOOGL	Alphabet Inc. Communication Services	Added	1,997,674	+406,848	$574,451,135	+15.4%	$314.21	2.93%
AVGO	Broadcom Inc. Technology	Added	1,835,380	+669,640	$568,068,463	+40.8%	$329.05	2.90%
MU	Micron Technology Inc Technology	Added	1,475,704	+586,064	$498,551,839	+96.3%	$391.72	2.54%
MSFT	Microsoft Corp Technology	Added	1,084,979	+100,888	$401,626,676	−15.6%	$418.44	2.05%
GEV	GE Vernova Inc. Industrials	Reduced	434,897	-231,100	$379,621,591	−12.8%	$780.19	1.94%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	1,077,079	NEW	$363,998,848	NEW	$344.13	1.86%
LRCX	Lam Research Corp Technology	Reduced	1,571,229	-1,470,432	$335,708,788	−35.5%	$223.59	1.71%
AMD	Advanced Micro Devices Inc Technology	Reduced	1,292,767	-363,760	$262,987,590	−25.9%	$213.52	1.34%
NEM	NEWMONT Corp /DE/ Basic Materials	Added	2,316,641	+7,732	$250,776,388	+8.8%	$115.28	1.28%
ORCL	Oracle Corp Technology	Reduced	1,592,069	-281,412	$234,209,270	−35.9%	$162.55	1.19%
MRVL	Marvell Technology, Inc. Technology	Added	1,948,947	+961,725	$193,043,200	+130.1%	$83.99	0.98%
AMAT	Applied Materials Inc /De Technology	Added	559,918	+82,341	$191,374,373	+55.9%	$336.38	0.98%
JNJ	Johnson & Johnson Healthcare	Reduced	696,884	-617,074	$170,346,324	−37.4%	$232.92	0.87%
META	Meta Platforms, Inc. Communication Services	Added	291,665	+67,964	$166,870,296	+13.0%	$640.86	0.85%
ANET	Arista Networks, Inc. Technology	Added	1,330,091	+649	$163,308,572	−6.3%	$133.77	0.83%
KLAC	Kla Corp Technology	Added	108,674	+30,307	$160,012,684	+68.0%	$146.30	0.82%
CLS	Celestica Inc Technology	Added	525,621	+183,847	$148,056,923	+46.5%	$290.15	0.75%
AAPL	Apple Inc. Technology	Added	563,492	+274,021	$143,008,634	+81.7%	$260.25	0.73%
UNP	Union Pacific Corp Industrials	Added	532,850	+478,341	$129,280,067	+925.3%	$244.86	0.66%
STX	Seagate Technology Holdings plc Technology	Added	329,117	+49,140	$128,934,875	+67.2%	$381.56	0.66%
B	Barrick Mining Corp Basic Materials	Added	3,079,243	+592,734	$125,602,321	+16.0%	$46.19	0.64%
ASML	Asml Holding NV Technology	Added	92,196	+6,107	$121,775,242	+32.2%	$1,370.36	0.62%
FIX	Comfort Systems USA Inc Industrials	Added	86,462	+18,263	$119,230,233	+87.3%	$1,269.64	0.61%
MO	Altria Group, Inc. Consumer Defensive	Reduced	1,705,511	-1,571,240	$112,546,670	−40.4%	$64.34	0.57%
SE	Sea Ltd Consumer Cyclical	Reduced	1,338,128	-195,141	$110,810,379	−43.3%	$107.18	0.56%
APH	Amphenol Corp /De/ Technology	Added	863,048	+64,684	$109,046,114	+1.1%	$140.76	0.56%
VRT	Vertiv Holdings Co Industrials	Reduced	429,766	-833	$107,690,764	+54.4%	$221.98	0.55%
NUE	Nucor Corp Basic Materials	NEW	618,528	NEW	$104,593,084	NEW	$174.29	0.53%
TER	Teradyne, Inc Technology	Added	338,946	+139,185	$100,483,931	+159.9%	$278.84	0.51%
CSX	Csx Corp Industrials	Added	2,375,228	+1,684,261	$97,503,109	+289.3%	$39.19	0.50%
CRDO	Credo Technology Group Holding Ltd Technology	Added	1,028,202	+707,091	$96,517,321	+108.9%	$121.71	0.49%
C	Citigroup Inc Financial Services	Added	793,414	+77,089	$89,981,081	+7.6%	$113.88	0.46%
ARM	Arm Holdings PLC /Uk Technology	Added	593,361	+267,041	$89,763,652	+151.6%	$121.36	0.46%
PCAR	Paccar Inc Industrials	NEW	777,072	NEW	$89,751,816	NEW	$120.90	0.46%
NRG	Nrg Energy, Inc. Utilities	Added	588,502	+207,631	$86,003,682	+41.8%	$157.35	0.44%
TLN	Talen Energy Corp Utilities	Added	266,099	+855	$84,946,783	−14.6%	$352.88	0.43%
BKR	Baker Hughes Co Energy	Added	1,381,645	+1,021,848	$84,349,427	+414.8%	$57.81	0.43%
SNPS	Synopsys Inc Technology	NEW	208,353	NEW	$82,607,797	NEW	$452.07	0.42%
ALAB	Astera Labs, Inc. Technology	Added	750,940	+510,410	$82,303,024	+105.7%	$142.43	0.42%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	173,801	-155,506	$82,249,585	−46.5%	$503.41	0.42%
TSEM	Tower Semiconductor Ltd Technology	NEW	462,725	NEW	$81,198,983	NEW	$134.45	0.41%
STLD	Steel Dynamics Inc Basic Materials	NEW	438,079	NEW	$78,854,220	NEW	$182.06	0.40%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	942,580	-198,960	$75,038,793	−29.5%	$85.89	0.38%
MFC	Manulife Financial Corp Financial Services	Reduced	2,113,648	-444,423	$72,794,037	−21.6%	$35.99	0.37%
ONTO	Onto Innovation Inc. Technology	Added	348,405	+255,269	$71,447,413	+386.0%	$204.71	0.36%
AMKR	Amkor Technology, Inc. Technology	Added	1,580,929	+1,504,790	$71,189,232	+2268.3%	$47.91	0.36%
TEL	TE Connectivity plc Technology	Reduced	336,174	-104,627	$70,267,089	−29.9%	$220.68	0.36%