Hedge Fund · CIK 0001350694

Ray Dalio

Bridgewater Associates
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Ray Dalio runs Bridgewater Associates, a hedge fund overseeing $27.42B in disclosed equity holdings (SEC CIK 0001350694). The latest portfolio (2025Q4) discloses 1040 positions across 11 sectors, with the largest positions in SPY, IVV and NVDA. On a mark-to-market basis the tracked portfolio has returned 29.7% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Portfolio
$27.42B
Positions
1040
Quarter
2025Q4
Filings tracked
40
1Y+29.7%3Y+68.8%5Y-99.1%Full performance →
1-YearTWR
+29.72%
since 2024Q4
3-YearTWR
+68.81%
since 2022Q4
5-YearTWR
-99.10%
since 2020Q4
10-Year
insufficient history

Performance overview

We mark Ray Dalio (Bridgewater Associates)'s disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Ray's portfolio is 29.7% over the last 12 months · 148.7% since 2016Q1.

Portfolio growth vs SPY
Rebased to 100 at 2016Q1 · through 2025Q4
Ray Dalio
+247.1%
SPY
-28731742743752016Q12020Q42025Q4
Portfolio line tracks reported AUM (mark-to-market on filing dates). It includes inflows/outflows so it isn't a pure time-weighted return — same convention as Dataroma and StockCircle.
Capital flow per quarter
BuysSellsNet
+$9.49B+$4.75B$0-$4.75B-$9.49B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$1.56B
Lifetime buys
$72.16B
Lifetime sells
$64.30B
Portfolio over time
AUMPositions
$0$9.05B$18.10B$27.42B1040585'22Q1'23Q4'25Q4
QoQ AUM
+7.4%
16Q lifetime AUM
+10.5%
QoQ positions
+26
16Q lifetime positions
+72
Position concentration
1040 positions
Top 1
11%
of book