Ray Dalio's AI Stock Portfolio
Founded Bridgewater Associates, the world's largest hedge fund; the 13F covers Bridgewater's US equity book. This page filters Bridgewater Associates's Q2 2026 13F filing through the Supercycle universe: 192 of its reported positions are AI buildout companies, together 31.1% of the portfolio by value.
From the 13F-HR filed for the quarter ended . 13F filings cover long US-listed positions only and lag the quarter by up to 45 days; positions may have changed since. Not investment advice.
AI holdings value
$7.57B
AI % of portfolio
31.1%
Weighted exposure score
59 (Strategic)
Top buildout layer
Semiconductors
AI holdings, scored
| # | Holding | Value | % of portfolio | AI score | Layer | Q/Q |
|---|---|---|---|---|---|---|
| 1 | NVDANVIDIA | $773.59M | 3.2% | 97 | Semiconductors | Trimmed -18% |
| 2 | AVGOBroadcom | $497.85M | 2.0% | 78 | Semiconductors | Trimmed -28% |
| 3 | AMZNAmazon | $482.75M | 2.0% | 58 | Cloud & Hyperscalers | Trimmed -54% |
| 4 | GOOGLAlphabet | $472.51M | 1.9% | 70 | Cloud & Hyperscalers | Added +242% |
| 5 | LRCXLam Research | $406.56M | 1.7% | 50 | Chip Equipment & Foundries | Trimmed -40% |
| 6 | AMDAdvanced Micro Devices | $312.90M | 1.3% | 75 | Semiconductors | Trimmed -58% |
| 7 | MSFTMicrosoft | $265.55M | 1.1% | 75 | Cloud & Hyperscalers | Trimmed -34% |
| 8 | AMATApplied Materials | $210.70M | 0.9% | 78 | Chip Equipment & Foundries | Trimmed -48% |
| 9 | ORCLOracle | $210.00M | 0.9% | 70 | Cloud & Hyperscalers | Trimmed -10% |
| 10 | STXSeagate Technology | $192.83M | 0.8% | 45 | Memory & Storage | Trimmed -39% |
| 11 | JNJJohnson & Johnson | $169.94M | 0.7% | 12 | AI Healthcare | Trimmed -4% |
| 12 | GEVGE Vernova | $144.24M | 0.6% | 55 | Power & Energy | Trimmed -72% |
| 13 | MUMicron Technology | $134.67M | 0.6% | 78 | Memory & Storage | Trimmed -92% |
| 14 | APHAmphenol | $123.00M | 0.5% | 68 | Networking & Optics | Trimmed -19% |
| 15 | ASMLASML Holding | $122.70M | 0.5% | 70 | Chip Equipment & Foundries | Trimmed -33% |
| 16 | CLSCelestica | $120.64M | 0.5% | 85 | EMS & Manufacturing | Trimmed -37% |
| 17 | VSTVistra Corp | $119.24M | 0.5% | 65 | Power & Energy | Added +116% |
| 18 | WDCWestern Digital | $110.12M | 0.5% | 42 | Memory & Storage | Trimmed -31% |
| 19 | AAPLApple | $105.44M | 0.4% | 40 | Semiconductors | Trimmed -35% |
| 20 | LLYEli Lilly | $104.38M | 0.4% | 10 | AI Healthcare | Added +23% |
| 21 | PCGPG&E | $99.76M | 0.4% | 22 | Utilities & Grid | Added +24079% |
| 22 | KLACKLA Corporation | $98.98M | 0.4% | 50 | Chip Equipment & Foundries | Added +202% |
| 23 | NXPINXP Semiconductors | $94.82M | 0.4% | 22 | Semiconductors | Added +28% |
| 24 | TELTE Connectivity | $86.03M | 0.4% | 52 | Networking & Optics | Added +27% |
| 25 | ADIAnalog Devices | $80.71M | 0.3% | 12 | Semiconductors | Added +269% |
| 26 | APPAppLovin | $75.53M | 0.3% | 85 | AI Applications | New |
| 27 | BKRBaker Hughes | $67.74M | 0.3% | 28 | Power & Energy | Trimmed -12% |
| 28 | NINiSource | $67.05M | 0.3% | 29 | Utilities & Grid | New |
| 29 | NOWServiceNow | $63.08M | 0.3% | 50 | AI Applications | New |
| 30 | METAMeta Platforms | $62.01M | 0.3% | 60 | Foundation Models | Trimmed -62% |
| 31 | DUKDuke Energy | $55.96M | 0.2% | 26 | Utilities & Grid | New |
| 32 | MRVLMarvell Technology | $53.97M | 0.2% | 80 | Semiconductors | Trimmed -91% |
| 33 | PPLPPL | $53.39M | 0.2% | 28 | Utilities & Grid | Added +245% |
| 34 | NTNXNutanix | $50.90M | 0.2% | 25 | Cloud & Hyperscalers | New |
| 35 | CIENCiena Corporation | $49.57M | 0.2% | 55 | Networking & Optics | Trimmed -30% |
| 36 | CRDOCredo Technology Group | $48.68M | 0.2% | 88 | Networking & Optics | Trimmed -83% |
| 37 | TERTeradyne | $47.72M | 0.2% | 45 | Chip Equipment & Foundries | Trimmed -71% |
| 38 | TLNTalen Energy | $46.69M | 0.2% | 60 | Power & Energy | Trimmed -54% |
| 39 | RDDTReddit | $44.68M | 0.2% | 32 | AI Software & Platforms | Added +274% |
| 40 | ANETArista Networks | $43.20M | 0.2% | 80 | Networking & Optics | Trimmed -81% |
| 41 | NRGNRG Energy | $40.60M | 0.2% | 40 | Power & Energy | Trimmed -53% |
| 42 | ONTOOnto Innovation | $37.47M | 0.2% | 70 | Chip Equipment & Foundries | Trimmed -72% |
| 43 | JBLJabil | $33.74M | 0.1% | 72 | EMS & Manufacturing | Added +121% |
| 44 | XYZBlock | $31.40M | 0.1% | 8 | AI Applications | Added +194% |
| 45 | QCOMQualcomm | $30.02M | 0.1% | 45 | Semiconductors | Trimmed -27% |
| 46 | WMTWalmart | $29.31M | 0.1% | 8 | Robotics & Automation | Added +3% |
| 47 | KEYSKeysight Technologies | $29.03M | 0.1% | 22 | Semiconductors | Added +10% |
| 48 | DXCMDexCom | $27.00M | 0.1% | 8 | AI Healthcare | Added +187% |
| 49 | EMEEMCOR Group | $26.76M | 0.1% | 40 | Utilities & Grid | Trimmed -56% |
| 50 | SANMSanmina | $26.31M | 0.1% | 70 | EMS & Manufacturing | Added +88% |
| 51 | GOOGLAlphabet | $26.22M | 0.1% | 70 | Cloud & Hyperscalers | Trimmed -81% |
| 52 | FORMFormFactor | $26.00M | 0.1% | 55 | Semiconductors | Added +224% |
| 53 | CVXChevron | $25.65M | 0.1% | 8 | Power & Energy | Added +5374% |
| 54 | MCHPMicrochip Technology | $25.16M | 0.1% | 10 | Semiconductors | Added +853% |
| 55 | MPMP Materials | $25.00M | 0.1% | 35 | Raw Materials & Mining | Added +313% |
| 56 | VRTVertiv Holdings | $23.80M | 0.1% | 85 | Data Centers & Hardware | Trimmed -83% |
| 57 | AEPAmerican Electric Power | $21.83M | 0.1% | 32 | Utilities & Grid | Added +208% |
| 58 | LMTLockheed Martin | $19.72M | 0.1% | 15 | Defense & Aerospace AI | Added +243% |
| 59 | CRWDCrowdStrike | $18.96M | 0.1% | 40 | Cybersecurity AI | Added +520% |
| 60 | ADBEAdobe | $18.20M | 0.1% | 40 | AI Applications | Added +6665% |
| 61 | SNPSSynopsys | $17.92M | 0.1% | 60 | Semiconductors | Trimmed -81% |
| 62 | TTEKTetra Tech | $17.57M | 0.1% | 10 | AI Software & Platforms | Added +184% |
| 63 | EQTEQT | $17.46M | 0.1% | 32 | Power & Energy | New |
| 64 | EXCExelon | $17.08M | 0.1% | 26 | Utilities & Grid | Added +2072% |
| 65 | STRLSterling Infrastructure | $16.94M | 0.1% | 55 | Utilities & Grid | Trimmed -46% |
| 66 | IDAIDACORP | $16.51M | 0.1% | 30 | Utilities & Grid | Added +14% |
| 67 | TSMTaiwan Semiconductor | $16.49M | 0.1% | 78 | Chip Equipment & Foundries | Trimmed -97% |
| 68 | LDOSLeidos Holdings | $16.34M | 0.1% | 25 | Defense & Aerospace AI | Added +11966% |
| 69 | DTDynatrace | $16.20M | 0.1% | 35 | AI Software & Platforms | Added +126% |
| 70 | LITELumentum Holdings | $15.98M | 0.1% | 75 | Networking & Optics | Added +220% |
| 71 | ALBAlbemarle | $15.70M | 0.1% | 10 | Raw Materials & Mining | Added +253% |
| 72 | CMICummins | $15.20M | 0.1% | 42 | Power & Energy | Trimmed -46% |
| 73 | NOVTNovanta | $14.62M | 0.1% | 40 | Robotics & Automation | New |
| 74 | EVRGEvergy | $14.53M | 0.1% | 28 | Utilities & Grid | Added +9% |
| 75 | ALGNAlign Technology | $13.90M | 0.1% | 15 | AI Healthcare | Added +730% |
| 76 | ENSEnerSys | $13.00M | 0.1% | 35 | Data Centers & Hardware | Added +188% |
| 77 | SNXTD SYNNEX | $12.42M | 0.1% | 40 | EMS & Manufacturing | Trimmed -61% |
| 78 | MDBMongoDB | $12.25M | 0.1% | 35 | Cloud & Hyperscalers | Trimmed -26% |
| 79 | VSATViasat | $12.17M | 0.0% | 8 | Defense & Aerospace AI | Added +70% |
| 80 | MKSIMKS | $12.10M | 0.0% | 55 | Chip Equipment & Foundries | Trimmed -29% |
| 81 | XELXcel Energy | $11.58M | 0.0% | 25 | Utilities & Grid | New |
| 82 | OUSTOuster | $11.47M | 0.0% | 88 | Autonomous Vehicles | New |
| 83 | EQIXEquinix | $10.39M | 0.0% | 55 | Data Centers & Hardware | Trimmed -60% |
| 84 | ROKRockwell Automation | $9.26M | 0.0% | 18 | Robotics & Automation | Trimmed -51% |
| 85 | ADSKAutodesk | $8.59M | 0.0% | 12 | AI Applications | New |
| 86 | BEBloom Energy | $8.52M | 0.0% | 70 | Power & Energy | Trimmed -38% |
| 87 | HBMHudbay Minerals | $8.50M | 0.0% | 12 | Raw Materials & Mining | Trimmed -42% |
| 88 | FLRFluor | $8.32M | 0.0% | 36 | Power & Energy | Trimmed -17% |
| 89 | SYMSymbotic | $8.27M | 0.0% | 90 | Robotics & Automation | Added +4% |
| 90 | EROEro Copper | $8.06M | 0.0% | 12 | Raw Materials & Mining | Trimmed -12% |
| 91 | AGXArgan | $8.03M | 0.0% | 60 | Power & Energy | Trimmed -28% |
| 92 | CATCaterpillar | $7.80M | 0.0% | 30 | Power & Energy | Trimmed -91% |
| 93 | ISRGIntuitive Surgical | $7.68M | 0.0% | 70 | Robotics & Automation | Added +12% |
| 94 | IESCIES Holdings | $7.43M | 0.0% | 62 | Utilities & Grid | Trimmed -54% |
| 95 | VICRVicor Corporation | $7.00M | 0.0% | 55 | Semiconductors | Trimmed -44% |
| 96 | RIORio Tinto | $6.91M | 0.0% | 15 | Raw Materials & Mining | Trimmed -36% |
| 97 | SITMSiTime Corporation | $6.66M | 0.0% | 45 | Semiconductors | Trimmed -34% |
| 98 | MIRMirion Technologies | $6.44M | 0.0% | 34 | Power & Energy | Added +2% |
| 99 | NDAQNasdaq Inc | $6.36M | 0.0% | 12 | AI Applications | New |
| 100 | COHRCoherent Corp | $6.00M | 0.0% | 65 | Networking & Optics | Trimmed -91% |
| 101 | GDGeneral Dynamics | $5.98M | 0.0% | 8 | Defense & Aerospace AI | New |
| 102 | AMTAmerican Tower | $5.88M | 0.0% | 30 | Data Centers & Hardware | Trimmed -37% |
| 103 | CEGConstellation Energy | $5.74M | 0.0% | 68 | Power & Energy | Trimmed -89% |
| 104 | FLEXFlex Ltd | $5.57M | 0.0% | 45 | EMS & Manufacturing | Trimmed -39% |
| 105 | ONON Semiconductor | $5.52M | 0.0% | 18 | Semiconductors | Added +192% |
| 106 | DTMDT Midstream | $5.35M | 0.0% | 26 | Power & Energy | Trimmed -59% |
| 107 | CWCurtiss-Wright | $5.28M | 0.0% | 36 | Power & Energy | Trimmed -38% |
| 108 | DELLDell Technologies | $5.28M | 0.0% | 55 | Data Centers & Hardware | Trimmed -95% |
| 109 | PEGAPegasystems | $5.07M | 0.0% | 45 | AI Applications | Trimmed -4% |
| 110 | RTXRTX Corporation | $4.97M | 0.0% | 10 | Defense & Aerospace AI | New |
| 111 | INTCIntel | $4.52M | 0.0% | 30 | Semiconductors | New |
| 112 | USARUSA Rare Earth | $4.03M | 0.0% | 30 | Raw Materials & Mining | Added +7% |
| 113 | SYKStryker Corporation | $3.83M | 0.0% | 18 | AI Healthcare | Trimmed -54% |
| 114 | EOSEEos Energy Enterprises | $3.72M | 0.0% | 38 | Power & Energy | New |
| 115 | HPEHewlett Packard Enterprise | $3.55M | 0.0% | 50 | Data Centers & Hardware | Trimmed -95% |
| 116 | AAAlcoa | $3.50M | 0.0% | 10 | Raw Materials & Mining | Added +17% |
| 117 | LEUCentrus Energy | $3.48M | 0.0% | 50 | Raw Materials & Mining | Added +12% |
| 118 | BWXTBWX Technologies | $3.20M | 0.0% | 20 | Power & Energy | Trimmed -27% |
| 119 | MYRGMYR Group | $3.07M | 0.0% | 45 | Utilities & Grid | New |
| 120 | NTAPNetApp | $2.98M | 0.0% | 38 | Memory & Storage | Trimmed -83% |
| 121 | LHXL3Harris Technologies | $2.95M | 0.0% | 35 | Defense & Aerospace AI | Trimmed -43% |
| 122 | OKLOOklo | $2.94M | 0.0% | 85 | Power & Energy | Added +2% |
| 123 | WECWEC Energy Group | $2.92M | 0.0% | 27 | Utilities & Grid | New |
| 124 | MTZMasTec | $2.90M | 0.0% | 38 | Utilities & Grid | Trimmed -83% |
| 125 | MWHSOLV Energy | $2.90M | 0.0% | 30 | Power & Energy | Trimmed -17% |
| 126 | VIAVVIAVI Solutions | $2.83M | 0.0% | 25 | Cloud & Hyperscalers | Added +679% |
| 127 | CWENClearway Energy | $2.80M | 0.0% | 27 | Power & Energy | Added +584% |
| 128 | KMIKinder Morgan | $2.62M | 0.0% | 27 | Power & Energy | Trimmed -30% |
| 129 | DBXDropbox | $2.50M | 0.0% | 15 | AI Applications | New |
| 130 | SMTCSemtech Corporation | $2.48M | 0.0% | 50 | Semiconductors | Trimmed -80% |
| 131 | TTTrane Technologies | $2.45M | 0.0% | 52 | Cooling & Thermal | New |
| 132 | SMCISuper Micro Computer | $2.41M | 0.0% | 90 | Data Centers & Hardware | Added +11% |
| 133 | ZSZscaler | $2.39M | 0.0% | 28 | Cybersecurity AI | New |
| 134 | UUUUEnergy Fuels | $2.33M | 0.0% | 35 | Raw Materials & Mining | New |
| 135 | DIODDiodes Incorporated | $2.30M | 0.0% | 10 | Semiconductors | Added +2% |
| 136 | ILMNIllumina | $2.21M | 0.0% | 8 | AI Healthcare | Trimmed -1% |
| 137 | WULFTeraWulf | $2.20M | 0.0% | 85 | Neoclouds | Trimmed -54% |
| 138 | ENTGEntegris | $2.20M | 0.0% | 40 | Chip Equipment & Foundries | Trimmed -80% |
| 139 | TSEMTower Semiconductor | $2.07M | 0.0% | 32 | Semiconductors | Trimmed -98% |
| 140 | KTOSKratos Defense & Security | $2.05M | 0.0% | 45 | Defense & Aerospace AI | Trimmed -45% |
| 141 | SPCXSpaceX | $1.98M | 0.0% | 35 | Defense & Aerospace AI | New |
| 142 | DNNDenison Mines | $1.95M | 0.0% | 42 | Power & Energy | Added +9% |
| 143 | TWSTTwist Bioscience | $1.92M | 0.0% | 15 | AI Healthcare | New |
| 144 | LSCCLattice Semiconductor | $1.87M | 0.0% | 28 | Semiconductors | New |
| 145 | CDWCDW Corporation | $1.85M | 0.0% | 25 | AI Services | Trimmed -53% |
| 146 | QQnity Electronics | $1.83M | 0.0% | 65 | Raw Materials & Mining | Added +1% |
| 147 | SNOWSnowflake | $1.79M | 0.0% | 45 | Cloud & Hyperscalers | Unchanged |
| 148 | WOLFWolfspeed | $1.76M | 0.0% | 15 | Semiconductors | New |
| 149 | ARMArm Holdings | $1.75M | 0.0% | 55 | Semiconductors | Trimmed -99% |
| 150 | NTRANatera | $1.67M | 0.0% | 15 | AI Healthcare | Trimmed -76% |
| 151 | ATKRAtkore | $1.66M | 0.0% | 36 | Utilities & Grid | New |
| 152 | NETCloudflare | $1.65M | 0.0% | 35 | Cloud & Hyperscalers | Trimmed -23% |
| 153 | SOSouthern Company | $1.62M | 0.0% | 27 | Utilities & Grid | Added +44% |
| 154 | JJacobs Solutions | $1.62M | 0.0% | 38 | Data Centers & Hardware | Trimmed -87% |
| 155 | NOCNorthrop Grumman | $1.57M | 0.0% | 15 | Defense & Aerospace AI | Trimmed -73% |
| 156 | POWIPower Integrations | $1.50M | 0.0% | 20 | Semiconductors | New |
| 157 | WCCWESCO International | $1.35M | 0.0% | 45 | Utilities & Grid | Added +279% |
| 158 | TDYTeledyne Technologies | $1.20M | 0.0% | 22 | Semiconductors | New |
| 159 | AAONAAON | $1.15M | 0.0% | 58 | Cooling & Thermal | New |
| 160 | RKLBRocket Lab USA | $1.15M | 0.0% | 12 | Autonomous Vehicles | Trimmed -33% |
| 161 | HUBBHubbell | $1.09M | 0.0% | 45 | Utilities & Grid | Trimmed -75% |
| 162 | BDCBelden | $1.08M | 0.0% | 32 | Networking & Optics | New |
| 163 | OGEOGE Energy | $1.06M | 0.0% | 27 | Utilities & Grid | Trimmed -96% |
| 164 | FNFabrinet | $980,268 | 0.0% | 78 | Networking & Optics | New |
| 165 | MTRNMaterion | $955,514 | 0.0% | 28 | Raw Materials & Mining | Trimmed -12% |
| 166 | ESIElement Solutions | $924,297 | 0.0% | 30 | Raw Materials & Mining | Trimmed -88% |
| 167 | NVMINova | $807,895 | 0.0% | 70 | Chip Equipment & Foundries | New |
| 168 | CAMTCamtek | $772,210 | 0.0% | 75 | Semiconductors | New |
| 169 | WKWorkiva | $742,543 | 0.0% | 10 | AI Applications | New |
| 170 | SNDKSandisk | $720,772 | 0.0% | 55 | Memory & Storage | Trimmed -97% |
| 171 | RBLXRoblox | $696,934 | 0.0% | 12 | AI Software & Platforms | Unchanged |
| 172 | ROGRogers | $673,585 | 0.0% | 25 | Raw Materials & Mining | Trimmed -64% |
| 173 | GFSGlobalFoundries | $649,638 | 0.0% | 40 | Semiconductors | Trimmed -90% |
| 174 | MXLMaxLinear | $624,658 | 0.0% | 45 | Networking & Optics | New |
| 175 | AMKRAmkor Technology | $616,113 | 0.0% | 52 | Semiconductors | Trimmed -100% |
| 176 | APTVAptiv PLC | $609,749 | 0.0% | 35 | Autonomous Vehicles | Added +14% |
| 177 | PLPlanet Labs PBC | $590,575 | 0.0% | 40 | Defense & Aerospace AI | New |
| 178 | TXNTexas Instruments | $555,901 | 0.0% | 10 | Semiconductors | New |
| 179 | RMBSRambus | $513,837 | 0.0% | 60 | Semiconductors | Trimmed -93% |
| 180 | TXG10x Genomics | $512,798 | 0.0% | 12 | AI Healthcare | Trimmed -62% |
| 181 | PENPenumbra | $498,885 | 0.0% | 12 | AI Healthcare | Trimmed -84% |
| 182 | ALABAstera Labs | $479,156 | 0.0% | 92 | Networking & Optics | Trimmed -100% |
| 183 | AEISAdvanced Energy Industries | $461,986 | 0.0% | 60 | Data Centers & Hardware | Trimmed -56% |
| 184 | ORAOrmat Technologies | $405,761 | 0.0% | 25 | Power & Energy | New |
| 185 | NXENexGen Energy | $403,000 | 0.0% | 38 | Raw Materials & Mining | Trimmed -29% |
| 186 | LUMNLumen Technologies | $375,813 | 0.0% | 42 | Networking & Optics | Trimmed -65% |
| 187 | CGNXCognex | $359,420 | 0.0% | 55 | Robotics & Automation | Trimmed -94% |
| 188 | GLWCorning Inc | $333,847 | 0.0% | 42 | Networking & Optics | New |
| 189 | PLABPhotronics | $307,571 | 0.0% | 30 | Chip Equipment & Foundries | New |
| 190 | DLRDigital Realty | $227,528 | 0.0% | 60 | Data Centers & Hardware | Trimmed -91% |
| 191 | TACTransAlta | $196,724 | 0.0% | 30 | Power & Energy | Trimmed -76% |
| 192 | RXRXRecursion Pharmaceuticals | $138,238 | 0.0% | 90 | AI Healthcare | New |
Where the AI money sits in the buildout
What changed: Q1 2026 to Q2 2026
- Trimmed NVDA (-18% shares)
- Trimmed AVGO (-28% shares)
- Trimmed AMZN (-54% shares)
- Added GOOGL (+242% shares)
- Trimmed LRCX (-40% shares)
- Trimmed AMD (-58% shares)
- Trimmed MSFT (-34% shares)
- Trimmed AMAT (-48% shares)
- Trimmed ORCL (-10% shares)
- Trimmed STX (-39% shares)
- Trimmed JNJ (-4% shares)
- Trimmed GEV (-72% shares)
- Trimmed MU (-92% shares)
- Trimmed APH (-19% shares)
- Trimmed ASML (-33% shares)
- Trimmed CLS (-37% shares)
- Added VST (+116% shares)
- Trimmed WDC (-31% shares)
- Trimmed AAPL (-35% shares)
- Added LLY (+23% shares)
- Added PCG (+24079% shares)
- Added KLAC (+202% shares)
- Added NXPI (+28% shares)
- Added TEL (+27% shares)
- Added ADI (+269% shares)
- New APP
- Trimmed BKR (-12% shares)
- New NI
- New NOW
- Trimmed META (-62% shares)
- New DUK
- Trimmed MRVL (-91% shares)
- Added PPL (+245% shares)
- New NTNX
- Trimmed CIEN (-30% shares)
- Trimmed CRDO (-83% shares)
- Trimmed TER (-71% shares)
- Trimmed TLN (-54% shares)
- Added RDDT (+274% shares)
- Trimmed ANET (-81% shares)
- Trimmed NRG (-53% shares)
- Trimmed ONTO (-72% shares)
- Added JBL (+121% shares)
- Added XYZ (+194% shares)
- Trimmed QCOM (-27% shares)
- Added WMT (+3% shares)
- Added KEYS (+10% shares)
- Added DXCM (+187% shares)
- Trimmed EME (-56% shares)
- Added SANM (+88% shares)
- Trimmed GOOGL (-81% shares)
- Added FORM (+224% shares)
- Added CVX (+5374% shares)
- Added MCHP (+853% shares)
- Added MP (+313% shares)
- Trimmed VRT (-83% shares)
- Added AEP (+208% shares)
- Added LMT (+243% shares)
- Added CRWD (+520% shares)
- Added ADBE (+6665% shares)
- Trimmed SNPS (-81% shares)
- Added TTEK (+184% shares)
- New EQT
- Added EXC (+2072% shares)
- Trimmed STRL (-46% shares)
- Added IDA (+14% shares)
- Trimmed TSM (-97% shares)
- Added LDOS (+11966% shares)
- Added DT (+126% shares)
- Added LITE (+220% shares)
- Added ALB (+253% shares)
- Trimmed CMI (-46% shares)
- New NOVT
- Added EVRG (+9% shares)
- Added ALGN (+730% shares)
- Added ENS (+188% shares)
- Trimmed SNX (-61% shares)
- Trimmed MDB (-26% shares)
- Added VSAT (+70% shares)
- Trimmed MKSI (-29% shares)
- New XEL
- New OUST
- Trimmed EQIX (-60% shares)
- Trimmed ROK (-51% shares)
- New ADSK
- Trimmed BE (-38% shares)
- Trimmed HBM (-42% shares)
- Trimmed FLR (-17% shares)
- Added SYM (+4% shares)
- Trimmed ERO (-12% shares)
- Trimmed AGX (-28% shares)
- Trimmed CAT (-91% shares)
- Added ISRG (+12% shares)
- Trimmed IESC (-54% shares)
- Trimmed VICR (-44% shares)
- Trimmed RIO (-36% shares)
- Trimmed SITM (-34% shares)
- Added MIR (+2% shares)
- New NDAQ
- Trimmed COHR (-91% shares)
- New GD
- Trimmed AMT (-37% shares)
- Trimmed CEG (-89% shares)
- Trimmed FLEX (-39% shares)
- Added ON (+192% shares)
- Trimmed DTM (-59% shares)
- Trimmed CW (-38% shares)
- Trimmed DELL (-95% shares)
- Trimmed PEGA (-4% shares)
- New RTX
- New INTC
- Added USAR (+7% shares)
- Trimmed SYK (-54% shares)
- New EOSE
- Trimmed HPE (-95% shares)
- Added AA (+17% shares)
- Added LEU (+12% shares)
- Trimmed BWXT (-27% shares)
- New MYRG
- Trimmed NTAP (-83% shares)
- Trimmed LHX (-43% shares)
- Added OKLO (+2% shares)
- New WEC
- Trimmed MTZ (-83% shares)
- Trimmed MWH (-17% shares)
- Added VIAV (+679% shares)
- Added CWEN (+584% shares)
- Trimmed KMI (-30% shares)
- New DBX
- Trimmed SMTC (-80% shares)
- New TT
- Added SMCI (+11% shares)
- New ZS
- New UUUU
- Added DIOD (+2% shares)
- Trimmed ILMN (-1% shares)
- Trimmed WULF (-54% shares)
- Trimmed ENTG (-80% shares)
- Trimmed TSEM (-98% shares)
- Trimmed KTOS (-45% shares)
- New SPCX
- Added DNN (+9% shares)
- New TWST
- New LSCC
- Trimmed CDW (-53% shares)
- Added Q (+1% shares)
- New WOLF
- Trimmed ARM (-99% shares)
- Trimmed NTRA (-76% shares)
- New ATKR
- Trimmed NET (-23% shares)
- Added SO (+44% shares)
- Trimmed J (-87% shares)
- Trimmed NOC (-73% shares)
- New POWI
- Added WCC (+279% shares)
- New TDY
- New AAON
- Trimmed RKLB (-33% shares)
- Trimmed HUBB (-75% shares)
- New BDC
- Trimmed OGE (-96% shares)
- New FN
- Trimmed MTRN (-12% shares)
- Trimmed ESI (-88% shares)
- New NVMI
- New CAMT
- New WK
- Trimmed SNDK (-97% shares)
- Trimmed ROG (-64% shares)
- Trimmed GFS (-90% shares)
- New MXL
- Trimmed AMKR (-100% shares)
- Added APTV (+14% shares)
- New PL
- New TXN
- Trimmed RMBS (-93% shares)
- Trimmed TXG (-62% shares)
- Trimmed PEN (-84% shares)
- Trimmed ALAB (-100% shares)
- Trimmed AEIS (-56% shares)
- New ORA
- Trimmed NXE (-29% shares)
- Trimmed LUMN (-65% shares)
- Trimmed CGNX (-94% shares)
- New GLW
- New PLAB
- Trimmed DLR (-91% shares)
- Trimmed TAC (-76% shares)
- New RXRX
- Exited CRWV (was $28.20M)
- Exited AAOI (was $18.94M)
- Exited PLTR (was $18.75M)
- Exited NBIS (was $16.30M)
- Exited TWLO (was $12.27M)
- Exited HUT (was $11.52M)
- Exited ETN (was $6.99M)
- Exited TTMI (was $5.77M)
- Exited FSLR (was $4.01M)
- Exited OKTA (was $3.44M)
- Exited DTE (was $3.41M)
- Exited LMND (was $2.67M)
- Exited UBER (was $2.54M)
- Exited MTSI (was $2.38M)
- Exited SPXC (was $2.35M)
- Exited NEE (was $2.31M)
- Exited YELP (was $2.26M)
- Exited PANW (was $2.11M)
- Exited FSLY (was $1.82M)
- Exited RBRK (was $1.75M)
- Exited UMC (was $1.20M)
- Exited TEAM (was $1.07M)
- Exited PLD (was $1.03M)
- Exited QLYS (was $897,739)
- Exited OSIS (was $853,349)
- Exited ACLS (was $772,657)
- Exited TSLA (was $749,820)
- Exited TECK (was $706,597)
- Exited ALGM (was $524,817)
- Exited FRMI (was $490,134)
- Exited SKM (was $415,010)
- Exited PATH (was $413,386)
- Exited BCE (was $341,411)
- Exited DOV (was $307,047)
- Exited SNAP (was $95,399)
Frequently asked questions
What is Ray Dalio's biggest AI stock?
In the Q2 2026 13F, Bridgewater Associates's largest tracked AI position is NVIDIA (NVDA) at $773.59M, 3.2% of the reported portfolio. NVDA carries an AI Exposure Score of 97.
How much of Ray Dalio's portfolio is in AI stocks?
31.1% of Bridgewater Associates's Q2 2026 13F value ($7.57B of $24.38B) is in companies in the Supercycle AI universe, with a value-weighted AI Exposure Score of 59 (Strategic tier).
What did Ray Dalio change last quarter?
Between Q1 2026 and Q2 2026: trimmed NVDA, trimmed AVGO, trimmed AMZN, added GOOGL, trimmed LRCX, trimmed AMD, trimmed MSFT, trimmed AMAT, trimmed ORCL, trimmed STX, trimmed JNJ, trimmed GEV, trimmed MU, trimmed APH, trimmed ASML, trimmed CLS, added VST, trimmed WDC, trimmed AAPL, added LLY, added PCG, added KLAC, added NXPI, added TEL, added ADI, new APP, trimmed BKR, new NI, new NOW, trimmed META, new DUK, trimmed MRVL, added PPL, new NTNX, trimmed CIEN, trimmed CRDO, trimmed TER, trimmed TLN, added RDDT, trimmed ANET, trimmed NRG, trimmed ONTO, added JBL, added XYZ, trimmed QCOM, added WMT, added KEYS, added DXCM, trimmed EME, added SANM, trimmed GOOGL, added FORM, added CVX, added MCHP, added MP, trimmed VRT, added AEP, added LMT, added CRWD, added ADBE, trimmed SNPS, added TTEK, new EQT, added EXC, trimmed STRL, added IDA, trimmed TSM, added LDOS, added DT, added LITE, added ALB, trimmed CMI, new NOVT, added EVRG, added ALGN, added ENS, trimmed SNX, trimmed MDB, added VSAT, trimmed MKSI, new XEL, new OUST, trimmed EQIX, trimmed ROK, new ADSK, trimmed BE, trimmed HBM, trimmed FLR, added SYM, trimmed ERO, trimmed AGX, trimmed CAT, added ISRG, trimmed IESC, trimmed VICR, trimmed RIO, trimmed SITM, added MIR, new NDAQ, trimmed COHR, new GD, trimmed AMT, trimmed CEG, trimmed FLEX, added ON, trimmed DTM, trimmed CW, trimmed DELL, trimmed PEGA, new RTX, new INTC, added USAR, trimmed SYK, new EOSE, trimmed HPE, added AA, added LEU, trimmed BWXT, new MYRG, trimmed NTAP, trimmed LHX, added OKLO, new WEC, trimmed MTZ, trimmed MWH, added VIAV, added CWEN, trimmed KMI, new DBX, trimmed SMTC, new TT, added SMCI, new ZS, new UUUU, added DIOD, trimmed ILMN, trimmed WULF, trimmed ENTG, trimmed TSEM, trimmed KTOS, new SPCX, added DNN, new TWST, new LSCC, trimmed CDW, added Q, new WOLF, trimmed ARM, trimmed NTRA, new ATKR, trimmed NET, added SO, trimmed J, trimmed NOC, new POWI, added WCC, new TDY, new AAON, trimmed RKLB, trimmed HUBB, new BDC, trimmed OGE, new FN, trimmed MTRN, trimmed ESI, new NVMI, new CAMT, new WK, trimmed SNDK, trimmed ROG, trimmed GFS, new MXL, trimmed AMKR, added APTV, new PL, new TXN, trimmed RMBS, trimmed TXG, trimmed PEN, trimmed ALAB, trimmed AEIS, new ORA, trimmed NXE, trimmed LUMN, trimmed CGNX, new GLW, new PLAB, trimmed DLR, trimmed TAC, new RXRX, exited CRWV, exited AAOI, exited PLTR, exited NBIS, exited TWLO, exited HUT, exited ETN, exited TTMI, exited FSLR, exited OKTA, exited DTE, exited LMND, exited UBER, exited MTSI, exited SPXC, exited NEE, exited YELP, exited PANW, exited FSLY, exited RBRK, exited UMC, exited TEAM, exited PLD, exited QLYS, exited OSIS, exited ACLS, exited TSLA, exited TECK, exited ALGM, exited FRMI, exited SKM, exited PATH, exited BCE, exited DOV, exited SNAP.