Ray Dalio
MacroBridgewater Associates
Founder of the world's largest hedge fund. Macro and all-weather strategies.
Portfolio Value
$27.4B
Holdings
1,040
Top 10 Concentration
36.3%
Latest Period
Q4 2025
Portfolio Holdings
As reported on February 13, 2026 · vs Q3 2025
| # | Security | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR CUSIP: 78462F103 | $3.0B | 4,455,413 | 11.1% | +73.7% |
| 2 | ISHARES TR CUSIP: 464287200 | $2.9B | 4,185,589 | 10.5% | +3.4% |
| 3 | NVIDIA CORPORATION CUSIP: 67066G104 | $720.9M | 3,865,205 | 2.6% | +54.0% |
| 4 | LAM RESEARCH CORP CUSIP: 512807306 | $520.7M | 3,041,661 | 1.9% | -12.2% |
| 5 | SALESFORCE INC CUSIP: 79466L302 | $511.8M | 1,932,066 | 1.9% | -3.7% |
| 6 | ALPHABET INC CUSIP: 02079K305 | $497.9M | 1,590,826 | 1.8% | -40.1% |
| 7 | MICROSOFT CORP CUSIP: 594918104 | $475.9M | 984,091 | 1.7% | -10.3% |
| 8 | AMAZON COM INC CUSIP: 023135106 | $449.7M | 1,948,254 | 1.6% | +73.2% |
| 9 | ADOBE INC CUSIP: 00724F101 | $446.3M | 1,275,055 | 1.6% | +1.0% |
| 10 | GE VERNOVA INC CUSIP: 36828A101 | $435.3M | 665,997 | 1.6% | +2.3% |
| 11 | BOOKING HOLDINGS INC CUSIP: 09857L108 | $431.3M | 80,528 | 1.6% | +3.6% |
| 12 | BROADCOM INC CUSIP: 11135F101 | $403.5M | 1,165,740 | 1.5% | +37.9% |
| 13 | ORACLE CORP CUSIP: 68389X105 | $365.2M | 1,873,481 | 1.3% | +361.1% |
| 14 | ADVANCED MICRO DEVICES INC CUSIP: 007903107 | $354.8M | 1,656,527 | 1.3% | -7.7% |
| 15 | JOHNSON & JOHNSON CUSIP: 478160104 | $271.9M | 1,313,958 | 1.0% | -23.4% |
| 16 | MICRON TECHNOLOGY INC CUSIP: 595112103 | $253.9M | 889,640 | 0.9% | +52355.2% |
| 17 | MASTERCARD INCORPORATED CUSIP: 57636Q104 | $233.6M | 409,207 | 0.9% | +11.7% |
| 18 | NEWMONT CORP CUSIP: 651639106 | $230.5M | 2,308,909 | 0.8% | +496.1% |
| 19 | WORKDAY INC CUSIP: 98138H101 | $207.3M | 965,117 | 0.8% | -7.2% |
| 20 | SERVICENOW INC CUSIP: 81762P102 | $205.1M | 1,338,885 | 0.7% | +343.3% |
| 21 | ISHARES INC CUSIP: 464286772 | $201.5M | 2,072,358 | 0.7% | +1.8% |
| 22 | SEA LTD CUSIP: 81141R100 | $195.6M | 1,533,269 | 0.7% | -4.5% |
| 23 | PAYPAL HLDGS INC CUSIP: 70450Y103 | $194.4M | 3,329,311 | 0.7% | +18.0% |
| 24 | ALTRIA GROUP INC CUSIP: 02209S103 | $188.9M | 3,276,751 | 0.7% | -11.3% |
| 25 | VISA INC CUSIP: 92826C839 | $188.2M | 536,497 | 0.7% | -20.6% |
| 26 | REDDIT INC CUSIP: 75734B100 | $176.5M | 767,816 | 0.6% | +24.4% |
| 27 | EXPEDIA GROUP INC CUSIP: 30212P303 | $176.4M | 622,783 | 0.6% | -14.9% |
| 28 | ARISTA NETWORKS INC CUSIP: 040413205 | $174.2M | 1,329,442 | 0.6% | +95.4% |
| 29 | BRITISH AMERN TOB PLC CUSIP: 110448107 | $167.1M | 2,952,078 | 0.6% | -21.1% |
| 30 | HCA HEALTHCARE INC CUSIP: 40412C101 | $153.7M | 329,307 | 0.6% | -3.3% |
| 31 | META PLATFORMS INC CUSIP: 30303M102 | $147.7M | 223,701 | 0.5% | -46.3% |
| 32 | VANGUARD INTL EQUITY INDEX F CUSIP: 922042858 | $140.1M | 2,605,136 | 0.5% | +5.2% |
| 33 | ISHARES TR CUSIP: 464288588 | $131.0M | 1,375,400 | 0.5% | +1.5% |
| 34 | APPLIED MATLS INC CUSIP: 038222105 | $122.7M | 477,577 | 0.4% | +3.0% |
| 35 | PINTEREST INC CUSIP: 72352L106 | $111.8M | 4,317,906 | 0.4% | +4.6% |
| 36 | ISHARES TR CUSIP: 464287242 | $110.1M | 999,400 | 0.4% | +3.8% |
| 37 | BARRICK MNG CORP CUSIP: 06849F108 | $108.3M | 2,486,509 | 0.4% | +306.3% |
| 38 | AMPHENOL CORP NEW CUSIP: 032095101 | $107.9M | 798,364 | 0.4% | +8.6% |
| 39 | WELLS FARGO CO NEW CUSIP: 949746101 | $106.4M | 1,141,540 | 0.4% | -55.0% |
| 40 | UBER TECHNOLOGIES INC CUSIP: 90353T100 | $105.3M | 1,289,061 | 0.4% | -64.2% |
| 41 | COMCAST CORP NEW CUSIP: 20030N101 | $104.9M | 3,510,012 | 0.4% | -48.8% |
| 42 | CELESTICA INC CUSIP: 15101Q207 | $101.0M | 341,774 | 0.4% | +114.7% |
| 43 | TE CONNECTIVITY PLC CUSIP: G87052109 | $100.3M | 440,801 | 0.4% | +83.8% |
| 44 | TALEN ENERGY CORP CUSIP: 87422Q109 | $99.4M | 265,244 | 0.4% | +78.4% |
| 45 | KLA CORP CUSIP: 482480100 | $95.2M | 78,367 | 0.3% | -30.5% |
| 46 | THE CIGNA GROUP CUSIP: 125523100 | $94.8M | 344,452 | 0.3% | -42.9% |
| 47 | MANULIFE FINL CORP CUSIP: 56501R106 | $93.0M | 2,558,071 | 0.3% | -14.5% |
| 48 | ASML HOLDING N V CUSIP: N07059210 | $92.1M | 86,089 | 0.3% | -4.6% |
| 49 | BLOCK INC CUSIP: 852234103 | $86.6M | 1,330,153 | 0.3% | +960.9% |
| 50 | ISHARES INC CUSIP: 46434G103 | $85.5M | 1,271,627 | 0.3% | +9.5% |