Fund · Ray Dalio (founder)
Bridgewater Associates
Systematic macro. The 13F is mostly index exposure.
Copying every 13F the day after it was filed returned 8.9% a year, against 14.1% for SPY over the same 13.2 years and 53 quarters, since Aug 2013. Clone score 16 of 100: Don't copy.
| Manager | Ray Dalio (founder) |
| Clone score | 16 / 100 |
| Verdict | Don't copy |
| Copy, a year | 8.9% |
| SPY, a year | 14.1% |
| Edge, a year | −5.2% |
| Latest quarter | Q2 2026 |
| Filed | 14 Aug 2026 |
| 13F value | $24.4B |
| Positions | 997 |
Largest holdings
| Ticker | Name | Weight | Value | Change |
|---|---|---|---|---|
| SPY | STATE STR SPDR S&P 500 ETF T | 16.3% | $4.0B | ADD |
| IVV | ISHARES TR | 9.2% | $2.2B | ADD |
| NVDA | NVIDIA CORPORATION | 3.2% | $774M | TRIM |
| AVGO | BROADCOM INC | 2.0% | $498M | TRIM |
| AMZN | AMAZON COM INC | 2.0% | $483M | TRIM |
| GOOGL | ALPHABET INC | 1.9% | $473M | TRIM |
| LRCX | LAM RESEARCH CORP | 1.7% | $407M | TRIM |
| VOO | VANGUARD INDEX FDS | 1.3% | $315M | ADD |
| AMD | ADVANCED MICRO DEVICES INC | 1.3% | $313M | TRIM |
| EWY | ISHARES INC | 1.1% | $280M | TRIM |
| MSFT | MICROSOFT CORP | 1.1% | $266M | TRIM |
| NEM | NEWMONT CORP | 1.0% | $252M | ADD |
| AMAT | APPLIED MATLS INC | 0.9% | $211M | TRIM |
| ORCL | ORACLE CORP | 0.9% | $210M | TRIM |
| SEAGATE | SEAGATE TECHNOLOGY HLDNGS PL | 0.8% | $193M | TRIM |