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)
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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 ↑ |
|---|---|---|---|---|
| JBLU | Jetblue Airways Corp | Industrials | -13.7K | $60.55K |
| SNAP | Snap Inc (Class A) | Information Technology | -20.7K | $95.40K |
| TROX | Tronox Holdings plc | Materials | -15.4K | $150.13K |
| GTM | ZoomInfo Technologies Inc | Information Technology | -26.6K | $158.91K |
| FRSH | Freshworks Inc (Class A) | Information Technology | -20.0K | $160.29K |
| CLSK | Cleanspark, Inc | Financials | -19.5K | $165.53K |
| PM | Philip Morris International Inc | Consumer Staples | -1.2K | $201.88K |
| TENB | Tenable Holdings, Inc | Information Technology | -12.6K | $212.62K |
| MAN | ManpowerGroup Inc | Industrials | -7.7K | $226.52K |
| WAY | Waystar Holding Corp | Information Technology | -9.4K | $227.69K |
| GIB | Cgi Inc (Class A) | Industrials | -3.1K | $228.51K |
| LAZ | Lazard, Inc | Financials | -5.4K | $229.09K |
| BLKB | Blackbaud Inc | Information Technology | -6.1K | $236.10K |
| FICO | Fair Isaac Corp | Industrials | -227 | $242.33K |
| FSV | FirstService Corp | Real Estate | -1.8K | $246.20K |
| — | Marqeta Inc (Class A) | Unclassified | -61.3K | $249.97K |
| KNX | Knight-Swift Transportation Holdings Inc (Class A) | Industrials | -4.4K | $253.70K |
| LLYVK | Liberty Live Holdings, Inc (Class C) | Consumer Discretionary | -2.7K | $253.81K |
| CWT | California Water Service Group | Utilities | -5.8K | $261.66K |
| ROCK | Gibraltar Industries, Inc | Materials | -7.0K | $281.00K |
| AEHR | Aehr Test Systems | Information Technology | -7.9K | $291.93K |
| — | Warner Bros Discovery Inc | Unclassified | -10.9K | $300.63K |
| DOV | Dover Corp | Industrials | -1.5K | $307.05K |
| HUBG | Hub Group, Inc (Class A) | Industrials | -8.9K | $321.98K |
| — | Masimo Corp | Unclassified | -1.9K | $337.77K |
| BCE | Bce Inc | Communication Services | -13.6K | $341.41K |
| FSK | FS KKR Capital Corp | Financials | -34.7K | $353.19K |
| NKE | NIKE, Inc (Class B) | Materials | -6.7K | $356.11K |
| MSM | MSC Industrial Direct Co Inc (Class A) | Industrials | -3.9K | $362.62K |
| HUBS | Hubspot Inc | Information Technology | -1.5K | $369.81K |
| WEN | Wendy's Co | Consumer Discretionary | -53.9K | $374.95K |
| TW | Tradeweb Markets Inc (Class A) | Financials | -3.2K | $379.57K |
| KIM | Kimco Realty Corp | Real Estate | -17.2K | $387.36K |
| WWW | Wolverine World Wide Inc | Consumer Discretionary | -23.9K | $389.43K |
| MSGK | MSG Knickerbockers Corp (Class A) | Consumer Discretionary | -1.2K | $393.39K |
| PATH | UiPath, Inc (Class A) | Information Technology | -37.2K | $413.39K |
| SKM | SK Telecom Co Ltd | Communication Services | -14.2K | $415.01K |
| NPO | Enpro Inc | Materials | -1.7K | $415.83K |
| IOSP | Innospec Inc | Materials | -6.0K | $434.47K |
| PRLB | Proto Labs Inc | Industrials | -7.7K | $438.48K |
| FG | F&G Annuities & Life, Inc | Financials | -17.8K | $450.98K |
| DOC | Healthpeak Properties, Inc | Real Estate | -27.5K | $452.38K |
| REG | Regency Centers Corp | Real Estate | -6.2K | $468.26K |
| BIO | Bio-Rad Laboratories, Inc (Class A) | Information Technology | -1.7K | $469.42K |
| TEX | Terex Corp | Industrials | -8.0K | $471.38K |
| R | Ryder System Inc | Consumer Discretionary | -2.3K | $473.08K |
| IRM | Iron Mountain Inc | Real Estate | -4.7K | $479.44K |
| FRMI | Fermi Inc | Real Estate | -83.9K | $490.13K |
| VMRK | Vivmark Residential | Real Estate | -8.4K | $499.29K |
| WPC | W. P. Carey Inc | Real Estate | -7.4K | $502.36K |
13F filings on record (4)
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