Ray Dalio runs Bridgewater Associates, LP, a focused book of 993 stocks worth $22.4B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Taiwan Semiconductor-SP ADR and trimmed SS SPDR S&P 500 ETF Trust-US. Their largest long position is SS SPDR S&P 500 ETF Trust-US at 13% of the equity book. Cloning the disclosed picks since 2013 would be +183% (+8.5%/yr). That is a simulation of the disclosed long book, not audited returns.
The reported book (valued from quarter-end) returned +197.0%, a 14.2-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning Ray Dalio, Bridgewater Associates, LP's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
75% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
993 companies · Q1 2026
| # | Stock | % of book | Value | Shares | Last move |
|---|---|---|---|---|---|
| 1 | SS SPDR S&P 500 ETF Trust-USSPY | 12.7% | $2.8B | 4.4M | ▼−2.0% Reduced · −91K sh |
| 2 | Ishares Core S&P 500 ETFIVV | 7.8% | $1.8B | 2.7M | ▼−36% Reduced · −1.5M sh |
| 3 | Amazon.com IncAMZN | 4.1% | $914.0M | 4.4M | ▲+125% Added · +2.4M sh |
| 4 | Nvidia CorpNVDA | 3.7% | $818.5M | 4.7M | ▲+21% Added · +828K sh |
| 5 | Alphabet Inc-CL AGOOGL | 2.6% | $574.5M | 2.0M | ▲+26% Added · +407K sh |
| 6 | Broadcom IncAVGO | 2.5% | $568.1M | 1.8M | ▲+57% Added · +670K sh |
| 7 | Micron Technology IncMU | 2.2% | $498.6M | 1.5M | ▲+66% Added · +586K sh |
| 8 | Microsoft CorpMSFT | 1.8% | $401.6M | 1.1M | ▲+10% Added · +101K sh |
| 9 | Ge Vernova IncGEV | 1.7% | $379.6M | 435K | ▼−35% Reduced · −231K sh |
| 10 | Taiwan Semiconductor-SP ADRTSM | 1.6% | $364.0M | 1.1M | ▲New +1.1M sh |
| 11 | Lam Research CorpLRCX | 1.5% | $335.7M | 1.6M | ▼−48% Reduced · −1.5M sh |
| 12 | Advanced Micro DevicesAMD | 1.2% | $263.0M | 1.3M | ▼−22% Reduced · −364K sh |
| 13 | Newmont CorpNEM | 1.1% | $250.8M | 2.3M | ▲+0.3% Added · +8K sh |
| 14 | Oracle CorpORCL | 1.0% | $234.2M | 1.6M | ▼−15% Reduced · −281K sh |
| 15 | Ishares Msci South Korea ETFEWY | 1.0% | $217.3M | 1.8M | ▼−15% Reduced · −306K sh |
| 16 | Marvell Technology IncMRVL | 0.9% | $193.0M | 1.9M | ▲+97% Added · +962K sh |
| 17 | Applied Materials IncAMAT | 0.9% | $191.4M | 560K | ▲+17% Added · +82K sh |
| 18 | Johnson & JohnsonJNJ | 0.8% | $170.3M | 697K | ▼−47% Reduced · −617K sh |
| 19 | Meta Platforms Inc-Class AMETA | 0.7% | $166.9M | 292K | ▲+30% Added · +68K sh |
| 20 | Arista Networks IncANET | 0.7% | $163.3M | 1.3M | ▲~0% Added · +649 sh |
| 21 | Kla CorpKLAC | 0.7% | $160.0M | 109K | ▲+39% Added · +30K sh |
| 22 | Celestica IncCLS | 0.7% | $148.1M | 526K | ▲+54% Added · +184K sh |
| 23 | Vanguard Ftse Emerging MarkeVWO | 0.7% | $147.1M | 2.7M | ▲+4.5% Added · +117K sh |
| 24 | Apple IncAAPL | 0.6% | $143.0M | 563K | ▲+95% Added · +274K sh |
| 25 | Union Pacific CorpUNP | 0.6% | $129.3M | 533K | ▲+878% Added · +478K sh |
1 vehicle
Aggregated from SEC Form 13F filings (institutional long equity positions, reported quarterly, up to 45 days after quarter-end). Holdings are public domain, sourced to SEC EDGAR. The book totals, weighting, concentration and sectors are long equity only; disclosed put/call options are listed separately and excluded from those figures. The performance line is a simulation of the disclosed long book, not an audited fund return. Every panel is one call to the Arkolith API & MCP server.