Bridgewater Associates, LP

Superinvestor · Ray Dalio

CIK

1350694

Location

Westport, CT

Portfolio Value

Small $440,172,020

Diversification

Diversified

Filing Date

Global Rank

#275 / 8,576 ▼ 113

Top Industry

Semiconductors 19.3%

3Y Alpha vs SPY

-3.8%

Period ended 2 months ago

Filed May 15, 2026 · 27d

25 quarters · since Mar 2020

Portfolio Concentration

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

Top Position

14.5%

+1.6 pts

Top 5

29.1%

+6.8 pts

Top 10

39.2%

+7.4 pts

HHI

309

Diversified+75

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.4%	$6,554,142,377	154
Unclassified	14.5%	$2,838,644,353	1
Industrials	9.9%	$1,941,999,721	157
Consumer Cyclical	8.7%	$1,703,656,561	119
Financial Services	7.7%	$1,507,969,916	125
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%	$530,385,503	68
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
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
VEEV	Veeva Systems Inc	91,766	$20,484,924
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 positions · $440,172,020 total · Utilities only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
NRG	Nrg Energy, Inc. Utilities	Added	588,502	+207,631	$86,003,682	+41.8%	$157.35	19.54%
TLN	Talen Energy Corp Utilities	Added	266,099	+855	$84,946,783	−14.6%	$352.88	19.30%
CEG	Constellation Energy Corp Utilities	Added	206,339	+163,402	$57,620,165	+279.9%	$303.90	13.09%
VST	Vistra Corp. Utilities	Added	348,514	+38,665	$52,392,109	+4.8%	$161.86	11.90%
OGE	Oge Energy Corp. Utilities	Reduced	517,969	-53,428	$24,841,793	+1.8%	$45.75	5.64%
PNW	Pinnacle West Capital Corp Utilities	Reduced	164,824	-9,219	$16,606,018	+7.6%	$96.46	3.77%
PPL	PPL Corp Utilities	Added	425,621	+370,735	$16,258,722	+745.9%	$36.89	3.69%
IDA	Idacorp Inc Utilities	Added	95,543	+38,721	$13,659,782	+89.9%	$137.15	3.10%
EVRG	Evergy, Inc. Utilities	Added	154,471	+45,652	$12,654,264	+60.4%	$79.02	2.87%
EIX	Edison International Utilities	Added	140,761	+12,492	$10,300,889	+33.8%	$67.42	2.34%
AEP	American Electric Power Co Inc Utilities	NEW	51,869	NEW	$6,798,988	NEW	$125.12	1.54%
POR	Portland General Electric Co /Or/ Utilities	Added	115,060	+55,914	$6,071,716	+113.9%	$51.38	1.38%
AEE	Ameren Corp Utilities	Reduced	52,064	-71,627	$5,722,874	−53.7%	$106.92	1.30%
PEG	Public Service Enterprise Group Inc Utilities	Reduced	57,299	-65,263	$4,638,354	−52.9%	$81.98	1.05%
TXNM	Txnm Energy Inc Utilities	NEW	74,919	NEW	$4,379,764	NEW	$58.92	1.00%
DTE	Dte Energy Co Utilities	Reduced	23,345	-9,909	$3,413,505	−20.4%	$140.60	0.78%
UGI	Ugi Corp /Pa/ Utilities	Added	85,312	+17,472	$3,107,063	+22.4%	$37.63	0.71%
MWH	SOLV Energy, Inc. Utilities	NEW	102,045	NEW	$3,064,411	NEW	$29.63	0.70%
WTRG	Essential Utilities, Inc. Utilities	Added	74,973	+2,064	$3,019,162	+8.0%	$39.36	0.69%
NWE	NorthWestern Energy Group, Inc. Utilities	Reduced	44,477	-79,304	$2,932,813	−63.3%	$67.71	0.67%
CMS	Cms Energy Corp Utilities	Reduced	35,626	-30,463	$2,763,865	−40.2%	$74.22	0.63%
OKLO	Oklo Inc. Utilities	Added	54,956	+8,120	$2,725,268	−18.9%	$71.90	0.62%
AES	Aes Corp Utilities	Reduced	183,807	-24,687	$2,589,840	−13.4%	$14.89	0.59%
NEE	Nextera Energy Inc Utilities	Added	24,871	+17,574	$2,310,018	+294.3%	$88.90	0.52%
AWR	American States Water Co Utilities	Added	30,349	+9,663	$2,294,991	+53.1%	$73.72	0.52%
KEN	Kenon Holdings Ltd. Utilities	Added	24,555	+15,509	$2,022,349	+237.1%	$77.06	0.46%
SO	Southern Co Utilities	Reduced	11,771	-23,198	$1,136,136	−62.7%	$92.50	0.26%
MDU	Mdu Resources Group Inc Utilities	NEW	52,626	NEW	$1,090,410	NEW	$20.48	0.25%
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp Utilities	NEW	29,852	NEW	$910,784	NEW	$27.50	0.21%
EXC	Exelon Corp Utilities	Reduced	16,865	-2,886	$826,722	−4.0%	$46.52	0.19%
TAC	Transalta Corp Utilities	Added	59,942	+3,790	$785,240	+10.6%	$12.88	0.18%
AVA	Avista Corp Utilities	NEW	18,091	NEW	$726,172	NEW	$40.37	0.16%
CWEN	Clearway Energy, Inc. Utilities	Reduced	11,976	-48,649	$470,537	−76.7%	$37.36	0.11%
PCG	PG&E Corp Utilities	NEW	24,531	NEW	$431,009	NEW	$17.02	0.10%
HE	Hawaiian Electric Industries Inc Utilities	NEW	26,561	NEW	$394,165	NEW	$15.12	0.09%
CWT	California Water Service Group Utilities	NEW	5,771	NEW	$261,657	NEW	$44.86	0.06%