Ray Dalio's top holdings (May 2026) include SPDR S&P 500 ETF Trust (SPY), an exchange-traded fund designed to track the performance of the S&P 500 index.

Ray Dalio is the founder of Bridgewater Associates, one of the world's largest hedge funds. As a prominent figure in the financial world, his investment approach often focuses on global macroeconomic trends and diversified portfolio strategies.

SPDR S&P 500 ETF Trust (SPY)

The SPDR S&P 500 ETF Trust is one of the most widely recognized exchange-traded funds, providing investors with exposure to the 500 large-cap U.S. companies included in the S&P 500 index. It aims to replicate the performance of this benchmark index by holding a portfolio of its constituent stocks. This ETF has a market capitalization of $727.45B, with Ray Dalio's position currently valued at $3.2B.

Here's an overview of Ray Dalio's trades in SPDR S&P 500 ETF Trust:

iShares Core S&P 500 ETF (IVV)

The iShares Core S&P 500 ETF is another significant fund offering broad market exposure to large U.S. companies. Managed by BlackRock, it seeks to mirror the investment returns of the S&P 500 Index. The company's market cap stands at $787.86B, while the current value of Ray Dalio's holding in IVV is $3.02B.

Here's an overview of Ray Dalio's trades in iShares Core S&P 500 ETF:

Lam Research Corp. (LRCX)

Lam Research Corp. is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The company designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of integrated circuits. With a market capitalization of $334.4B, Ray Dalio's portfolio position in Lam Research is currently worth $784.32M. Analysts have set a price target of $275.85 for Lam Research. Furthermore, the discounted cash flow analysis suggests a value of $50.97 per share.

Here's an overview of Ray Dalio's trades in Lam Research Corp.:

NVIDIA Corp (NVDA)

NVIDIA Corp. is a leading designer of graphics processing units (GPUs) for the gaming, professional visualization, data center, and automotive markets. The company's technology is critical for advanced computing and artificial intelligence applications. NVIDIA possesses a substantial market capitalization of $5.06T. The current value of Ray Dalio's position in the company is $771.38M. The consensus analyst price target for NVIDIA is $282.2, with a discounted cash flow valuation of $248.42.

Here's an overview of Ray Dalio's trades in NVIDIA Corp:

GE Vernova Inc. (GEV)

GE Vernova Inc. is a global energy company focused on electrifying the world while decarbonizing it. The company's portfolio includes power generation, wind, and electrification businesses. GE Vernova has a market capitalization of $308.81B, and the holding in Ray Dalio's portfolio is currently valued at $721.58M. The discounted cash flow for GE Vernova is $626.6, and analysts project a price target of $1.02K.

Here's an overview of Ray Dalio's trades in GE Vernova Inc.: