In plain English: this page lists every stock Ray Dalio's fund told the SEC it owned at the end of the quarter, biggest first, and what changed since the quarter before — "New" means they bought it for the first time, "Sold" means they sold all of it. The list is at least 6 weeks old, and it is only part of their investments (no cash, bonds or bets against stocks).
Educational and informational only, not personalized investment advice. Based on public filings that may be delayed or contain errors; verify with the original filings. Disclaimer
Reported value ⓘTotal of long stock positions in this 13F. Options are listed separately and not included.
$24.38B
Q2 2026
Quarter change
+8.8%
vs Q1 2026 ($22.40B)
Holdings
997
Top-10 weight 40.0%
Activity
214 new · 210 sold out
400 added to · 377 trimmed
Investing style at a glance · Q2 2026
- Moderately diversified: 997 stocks, with 40.0% of the portfolio in the 10 largest.
- Biggest sector: ETFs & Funds (30.6% of the portfolio).
- Turnover this quarter: high — 214 new positions and 210 sold out (400 added to, 377 trimmed).
- Largest position: SPY at 16.3% of the portfolio.
Worked out from this 13F only (long stock positions). ⓘConcentration: The share of a portfolio in its 10 largest positions. High = a few big bets; low = spread out. Guide ⓘTurnover: How many positions were opened or closed this quarter compared with the number held. Guide
Portfolio value over time
Reported 13F value per quarter
Sector allocation
Q2 2026
- ETFs & Funds30.6%
- Information Technology19.2%
- Industrials11.3%
- Financials7.2%
- Health Care5.8%
- Materials5.7%
- Energy5.0%
- Consumer Discretionary4.8%
- Utilities4.2%
- Communication Services3.1%
- Consumer Staples2.6%
- Real Estate0.3%
- Unclassified0.2%
Top holdings over time
Share of the portfolio each quarter (current top 5)
Quarter-by-quarter activity
Positions bought (new or added) vs sold (trimmed or exited)
Insights
Adds vs. trims · Q2 2026
Largest estimated dollar adds (green) and trims (red) this quarter. Click a bar to open the stock.
Sector allocation over time
Share of the reported portfolio in each sector, by quarter
Performance context
Reported 13F value vs. the S&P 500 between the same quarter-end dates, and a hypothetical “copy the top 10” strategy vs. SPY. Prices through Oct 27, 2026.
Reported value change ⓘChange in total reported 13F value from Sep 30, 2024 to Jun 30, 2026. Includes deposits/withdrawals and is not the fund’s return.
+38.0%
Sep 30, 2024 – Jun 30, 2026
S&P 500, same dates
+30.1%
Price index (^GSPC)
Hypothetical top-10 ⓘBuy the reported top 10 (value-weighted) at the close of the first trading day after each filing, hold until the next filing. Covers 100% of top-10 value on average (positions with price data).
+35.2%
Nov 14, 2024 – Oct 27, 2026
SPY, same days
+32.7%
Total return (dividends included)
Read these numbers carefully: “Reported value change” is the change in the total value of the shares on this manager’s 13F — it is not the fund’s investment return. The total also moves when investors put money into the fund or take it out, and a 13F covers only long US-listed shares — no shorts, bonds, cash or foreign stocks — so the fund’s actual return can be higher or lower.
Reported value vs. S&P 500 (cumulative)
Hypothetical top-10 vs. SPY (cumulative)
Quarter-by-quarter numbers
| Quarter | Reported value | Value change | S&P 500 | Top-10 held | Top-10 | SPY | Coverage |
|---|---|---|---|---|---|---|---|
| Q2 2026 | $24.38B | +8.8% | +14.9% | Aug 17, 2026 – Oct 27, 2026 (open) | -2.8% | -0.1% | 100% |
| Q1 2026 | $22.40B | -18.3% | -4.6% | May 18, 2026 – Aug 17, 2026 | +5.1% | +4.9% | 100% |
| Q4 2025 | $27.42B | +7.4% | +2.3% | Feb 17, 2026 – May 18, 2026 | +11.6% | +8.5% | 100% |
| Q3 2025 | $25.53B | +3.0% | +7.8% | Nov 14, 2025 – Feb 17, 2026 | +2.0% | +1.9% | 100% |
| Q2 2025 | $24.79B | +15.0% | +10.6% | Aug 14, 2025 – Nov 14, 2025 | +5.0% | +4.5% | 100% |
| Q1 2025 | $21.55B | -1.2% | -4.6% | May 15, 2025 – Aug 14, 2025 | +9.2% | +9.6% | 100% |
| Q4 2024 | $21.81B | +23.5% | +2.1% | Feb 14, 2025 – May 15, 2025 | -3.0% | -2.9% | 100% |
Not investment advice. Hypothetical, not actual results. 13F filings arrive up to 45 days after quarter end, so anyone copying them buys late; the top-10 figures start the day after each filing was published. Reported value changes include deposits and withdrawals and are not the fund's return. Costs, taxes and positions without price data are ignored. Past performance does not predict future results. How this is calculated
Column filters
| Ticker | Company | Sector | Shares | Value ↓ | % of portfolio | Change | Δ shares | Δ shares % | Est. Δ value ⓘChange in shares × this quarter's price |
|---|---|---|---|---|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF Trust | ETFs & Funds | 5.32M | $3.97B | 16.3% | Added | +955.4K | +21.9% | +$713.50M |
| IVV | Ishares Core S&P 500 ETF | ETFs & Funds | 3.00M | $2.25B | 9.2% | Added | +323.2K | +12.1% | +$242.04M |
| NVDA | Nvidia Corp | Information Technology | 3.87M | $773.59M | 3.2% | Reduced | -826.8K | -17.6% | -$165.44M |
| AVGO | Broadcom Inc | Information Technology | 1.32M | $497.85M | 2.0% | Reduced | -517.5K | -28.2% | -$195.47M |
| AMZN | Amazon Com Inc | Consumer Discretionary | 2.03M | $482.75M | 2.0% | Reduced | -2.4M | -53.8% | -$563.25M |
| GOOGL | Alphabet Inc (Class A) | Communication Services | 1.32M | $472.51M | 1.9% | Reduced | -675.5K | -33.8% | -$241.40M |
| LRCX | Lam Research Corp | Industrials | 938.22K | $406.56M | 1.7% | Reduced | -633.0K | -40.3% | -$274.30M |
| VOO | Vanguard S&P 500 ETF | ETFs & Funds | 458.38K | $314.82M | 1.3% | Added | +299.8K | +189.0% | +$205.87M |
| AMD | Advanced Micro Devices Inc | Information Technology | 538.63K | $312.90M | 1.3% | Reduced | -754.1K | -58.3% | -$438.08M |
| EWY | Ishares MSCI South Korea ETF | ETFs & Funds | 1.38M | $279.59M | 1.1% | Reduced | -381.5K | -21.6% | -$77.02M |
| MSFT | Microsoft Corp | Information Technology | 711.90K | $265.55M | 1.1% | Reduced | -373.1K | -34.4% | -$139.17M |
| NEM | Newmont Corp | Materials | 2.70M | $251.73M | 1.0% | Added | +378.5K | +16.3% | +$35.35M |
| AMAT | Applied Materials Inc | Information Technology | 291.43K | $210.70M | 0.9% | Reduced | -268.5K | -48.0% | -$194.12M |
| ORCL | Oracle Corp | Information Technology | 1.43M | $210.00M | 0.9% | Reduced | -159.1K | -10.0% | -$23.32M |
| STX | Seagate Technology Holdings plc | Information Technology | 199.82K | $192.83M | 0.8% | Reduced | -129.3K | -39.3% | -$124.77M |
| JNJ | Johnson & Johnson | Health Care | 669.13K | $169.94M | 0.7% | Reduced | -27.7K | -4.0% | -$7.05M |
| VWO | Vanguard Ftse Emerging Marke | ETFs & Funds | 2.75M | $163.96M | 0.7% | Added | +25.1K | +0.9% | +$1.50M |
| GEV | GE Vernova Inc | Industrials | 122.77K | $144.24M | 0.6% | Reduced | -312.1K | -71.8% | -$366.71M |
| UNP | Union Pacific Corp | Industrials | 514.27K | $139.88M | 0.6% | Reduced | -18.6K | -3.5% | -$5.05M |
| MU | Micron Technology Inc | Information Technology | 116.67K | $134.67M | 0.6% | Reduced | -1.4M | -92.1% | -$1.57B |
| MBB | Ishares MBS ETF | ETFs & Funds | 1.39M | $131.08M | 0.5% | Added | +26.8K | +2.0% | +$2.53M |
| MO | Altria Group, Inc | Consumer Staples | 1.73M | $124.27M | 0.5% | Added | +21.7K | +1.3% | +$1.56M |
| APH | Amphenol Corp (Class A) | Information Technology | 697.61K | $123.00M | 0.5% | Reduced | -165.4K | -19.2% | -$29.17M |
| ASML | ASML Holding NV | Industrials | 61.67K | $122.70M | 0.5% | Reduced | -30.5K | -33.1% | -$60.72M |
| B | Barrick Mining Corp | Materials | 3.30M | $121.39M | 0.5% | Added | +225.6K | +7.3% | +$8.29M |
| CLS | Celestica Inc | Information Technology | 330.69K | $120.64M | 0.5% | Reduced | -194.9K | -37.1% | -$71.11M |
| VST | Vistra Corp | Utilities | 751.70K | $119.24M | 0.5% | Added | +403.2K | +115.7% | +$63.96M |
| SHEL | Shell plc | Energy | 1.53M | $118.34M | 0.5% | Added | +1.2M | +388.9% | +$94.13M |
| SE | Sea Ltd | Industrials | 1.20M | $115.43M | 0.5% | Reduced | -133.6K | -10.0% | -$12.80M |
| LQD | Ishr Ibx Usd Invgd CB Etf-Ui | ETFs & Funds | 1.05M | $114.58M | 0.5% | Added | +28.8K | +2.8% | +$3.14M |
| NUE | Nucor Corp | Materials | 513.42K | $114.36M | 0.5% | Reduced | -105.1K | -17.0% | -$23.41M |
| PCAR | Paccar Inc | Consumer Discretionary | 946.11K | $113.65M | 0.5% | Added | +169.0K | +21.8% | +$20.30M |
| WDC | Western Digital Corp | Information Technology | 172.41K | $110.12M | 0.5% | Reduced | -76.6K | -30.8% | -$48.94M |
| IEMG | Ishares Core MSCI Emerging | ETFs & Funds | 1.33M | $110.03M | 0.5% | Reduced | -14.7K | -1.1% | -$1.22M |
| CSX | CSX Corp | Industrials | 2.23M | $105.99M | 0.4% | Reduced | -145.3K | -6.1% | -$6.90M |
| PBR | Petrobras - Petroleo Brasileiro SA | Energy | 6.52M | $105.44M | 0.4% | Added | +5.4M | +466.9% | +$86.84M |
| AAPL | Apple Inc | Information Technology | 364.38K | $105.44M | 0.4% | Reduced | -199.1K | -35.3% | -$57.62M |
| LLY | ELI Lilly & Co | Health Care | 87.02K | $104.38M | 0.4% | Added | +16.2K | +22.9% | +$19.44M |
| PCG | PG&E Corp | Utilities | 5.93M | $99.76M | 0.4% | Added | +5.9M | +24078.9% | +$99.35M |
| KLAC | Kla Corp | Information Technology | 328.07K | $98.98M | 0.4% | Added | +219.4K | +201.9% | +$66.19M |
| FIX | Comfort Systems USA Inc | Industrials | 48.51K | $96.14M | 0.4% | Reduced | -38.0K | -43.9% | -$75.23M |
| NXPI | NXP Semiconductors N.V. | Information Technology | 337.40K | $94.82M | 0.4% | Added | +74.6K | +28.4% | +$20.97M |
| WFC | Wells Fargo & Company | Financials | 1.15M | $94.69M | 0.4% | Added | +203.3K | +21.6% | +$16.80M |
| EIX | Edison International | Utilities | 1.23M | $91.92M | 0.4% | Added | +1.1M | +777.1% | +$81.44M |
| EMXC | Ishares MSCI Emr MRK Ex Chna | ETFs & Funds | 880.52K | $90.08M | 0.4% | Reduced | -191.8K | -17.9% | -$19.62M |
| MPC | Marathon Petroleum Corp | Energy | 349.22K | $89.29M | 0.4% | Added | +271.9K | +351.9% | +$69.53M |
| STLD | Steel Dynamics Inc | Materials | 378.49K | $86.85M | 0.4% | Reduced | -59.6K | -13.6% | -$13.67M |
| ES | Eversource Energy | Utilities | 1.20M | $86.37M | 0.4% | New | +1.2M | — | +$86.37M |
| TEL | TE Connectivity plc | Industrials | 426.72K | $86.03M | 0.4% | Added | +90.5K | +26.9% | +$18.25M |
| ADI | Analog Devices Inc | Information Technology | 203.21K | $80.71M | 0.3% | Added | +148.1K | +269.0% | +$58.83M |
Column filters
| Ticker | Company | Sector | Shares sold | Value last quarter ↓ |
|---|---|---|---|---|
| CSCO | Cisco Systems, Inc | Information Technology | -822.9K | $63.85M |
| ASX | ASE Technology Holding Co., Ltd | Information Technology | -1.5M | $33.56M |
| CRWV | CoreWeave, Inc (Class A) | Information Technology | -364.0K | $28.20M |
| PRIM | Primoris Services Corp | Industrials | -136.2K | $19.48M |
| BN | Brookfield Corp (Class A) | Real Estate | -477.5K | $19.29M |
| AAOI | Applied Optoelectronics, Inc | Information Technology | -223.9K | $18.94M |
| PLTR | Palantir Technologies Inc (Class A) | Information Technology | -128.2K | $18.75M |
| NBIS | Nebius Group N.V. (Class A) | Information Technology | -157.1K | $16.30M |
| SLF | Sun Life Financial Inc | Financials | -250.6K | $15.65M |
| BMY | Bristol Myers Squibb Co | Health Care | -241.7K | $14.66M |
| — | Thomson Reuters Corp-NEW | Unclassified | -159.9K | $14.39M |
| CFR | Cullen/frost Bankers, Inc | Financials | -92.9K | $12.73M |
| TWLO | Twilio Inc (Class A) | Information Technology | -97.5K | $12.27M |
| PINS | Pinterest, Inc (Class A) | Information Technology | -660.5K | $12.11M |
| HUT | Hut 8 Corp | Financials | -245.7K | $11.52M |
| DKS | Dick's Sporting Goods, Inc | Consumer Discretionary | -48.9K | $9.69M |
| INSP | Inspire Medical Systems, Inc | Health Care | -173.5K | $8.95M |
| NFLX | Netflix Inc | Communication Services | -77.6K | $7.46M |
| ETN | Eaton Corp plc | Industrials | -19.5K | $6.99M |
| ITT | Itt Inc | Industrials | -36.0K | $6.85M |
| CNA | Cna Financial Corp | Financials | -145.7K | $6.69M |
| PWR | Quanta Services, Inc | Industrials | -11.9K | $6.54M |
| SNCY | Sun Country Airlines Holding | Unclassified | -384.3K | $6.35M |
| DOCU | Docusign, Inc | Information Technology | -132.8K | $6.30M |
| BRBR | Bellring Brands, Inc | Consumer Staples | -391.1K | $6.29M |
| ARWR | Arrowhead Pharmaceuticals, Inc | Health Care | -95.6K | $5.99M |
| TTMI | TTM Technologies Inc | Information Technology | -59.2K | $5.77M |
| G | Genpact LTD | Industrials | -150.5K | $5.61M |
| BBY | Best Buy Co Inc | Consumer Discretionary | -80.8K | $5.19M |
| LYV | Live Nation Entertainment, Inc | Consumer Discretionary | -32.3K | $4.93M |
| PRVA | Privia Health Group, Inc | Health Care | -237.9K | $4.89M |
| HEI | Heico Corp | Industrials | -17.5K | $4.81M |
| APG | APi Group Corp | Industrials | -118.4K | $4.80M |
| PEG | Public Service Enterprise Group Inc | Utilities | -57.3K | $4.64M |
| W | Wayfair Inc (Class A) | Consumer Discretionary | -60.8K | $4.57M |
| TRU | TransUnion | Industrials | -63.9K | $4.42M |
| ECL | Ecolab Inc | Consumer Staples | -16.2K | $4.31M |
| WINA | Winmark Corp | Consumer Discretionary | -9.5K | $4.05M |
| RBA | RB Global Inc | Industrials | -42.3K | $4.05M |
| FSLR | First Solar, Inc | Information Technology | -20.3K | $4.01M |
| MKL | Markel Group Inc | Financials | -2.1K | $3.93M |
| LZB | La-Z-Boy Inc | Consumer Discretionary | -121.0K | $3.89M |
| ALK | Alaska Air Group, Inc | Industrials | -101.8K | $3.75M |
| EMN | Eastman Chemical Co | Materials | -47.8K | $3.65M |
| WLY | John Wiley & Sons, Inc (Class A) | Communication Services | -95.6K | $3.64M |
| WRBY | Warby Parker Inc (Class A) | Health Care | -171.5K | $3.61M |
| OGN | Organon & Co | Health Care | -594.5K | $3.56M |
| GS | Goldman Sachs Group Inc | Financials | -4.2K | $3.51M |
| GGG | Graco Inc | Industrials | -41.1K | $3.48M |
| OKTA | Okta, Inc (Class A) | Information Technology | -43.6K | $3.44M |
13F filings on record (8)
| Quarter | Form | Filed | Type | Rows | Long value | |
|---|---|---|---|---|---|---|
| Q2 2026 | 13F-HR | Aug 14, 2026 | Original | 997 | $24.38B | SEC ↗ |
| Q1 2026 | 13F-HR | May 15, 2026 | Original | 993 | $22.40B | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | Original | 1040 | $27.42B | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | Original | 1014 | $25.53B | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | Original | 585 | $24.79B | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | Original | 664 | $21.55B | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | Original | 691 | $21.81B | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | Original | 773 | $17.66B | SEC ↗ |