Billionaire investor Ray Dalio’s hedge fund, Bridgewater Associates, has disclosed its latest stock holdings, revealing a portfolio valued at approximately $24.4 billion as of June 30, 2026.
The latest Form 13F filing shows that exchange-traded funds (ETFs) remain the foundation of the portfolio, with SPDR S&P 500 ETF (SPY) and iShares Core S&P 500 ETF (IVV) retaining the top two positions. Together, the funds account for more than 25% of reported holdings.
According to the filing, Bridgewater held 5.32 million shares of SPY worth about $3.97 billion and 3 million shares of IVV valued at roughly $2.25 billion. Both positions were increased during the quarter, with the firm adding 955,446 SPY shares and 323,202 IVV shares.
Beyond its ETF positions, Bridgewater maintained significant exposure to large-cap technology stocks.
Nvidia (NASDAQ: NVDA) ranked as the third-largest holding, with 3.87 million shares valued at approximately $773.6 million. Broadcom (NASDAQ: AVGO) followed with a position worth $497.8 million, while Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) were valued at $482.8 million and $472.5 million, respectively.
Other notable holdings included Lam Research (NASDAQ: LRCX), Vanguard S&P 500 ETF (VOO), Advanced Micro Devices (NASDAQ: AMD), Microsoft (NASDAQ: MSFT), Newmont (NYSE: NEM), Applied Materials (NASDAQ: AMAT), Oracle (NYSE: ORCL), GE Vernova (NYSE: GEV), Micron Technology (NASDAQ: MU), and Johnson & Johnson (NYSE: JNJ).
The portfolio remains heavily tilted toward technology, with semiconductor companies representing a sizable portion of the fund’s largest individual stock positions.
Focus on AI stocks
While Bridgewater maintained substantial exposure to artificial intelligence and semiconductor stocks, the latest filing shows the firm reduced a number of key positions during the quarter.
The largest reduction came in Micron Technology, where the hedge fund cut its stake by 1.36 million shares. Bridgewater also reduced positions in Amazon, Nvidia, AMD, Broadcom, Alphabet, Lam Research, Microsoft, Applied Materials, Oracle, GE Vernova, Astera Labs, Taiwan Semiconductor Manufacturing, and Credo Technology.
Data summarizing the filing indicates that Bridgewater trimmed roughly $1.6 billion worth of Micron stock, $563.3 million of Amazon, $526.6 million of Marvell Technology, $497.9 million of Taiwan Semiconductor Manufacturing, and $438.1 million of AMD exposure during the quarter.
Despite the reductions in several technology names, Bridgewater increased allocations to broad-market ETFs, reinforcing its preference for diversified market exposure.
Bridgewater remains one of the world’s largest hedge funds, managing roughly $170 billion in assets.
The latest portfolio update suggests the firm is balancing exposure to artificial intelligence-driven growth stocks while simultaneously increasing allocations to diversified index funds and defensive positions.
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