Ray Dalio's top holdings (July 2026) include State Street My2026 Municipal Bond ETF (SPY), an investment fund that focuses on government-issued debt within the financial services sector.

Ray Dalio is the founder of Bridgewater Associates, a global asset management firm headquartered in Connecticut. He currently serves as the firm's CIO Mentor and focuses his research on the underlying mechanics of global economic cycles and historical debt patterns.

State Street My2026 Municipal Bond ETF (SPY)

State Street My2026 Municipal Bond ETF is an exchange-traded fund that provides exposure to the municipal bond market. It is structured to track debt securities with specific maturity targets, primarily serving investors looking for presence in the fixed-income financial services sector. State Street My2026 Municipal Bond ETF has a market capitalization of $764.11B, with Ray Dalio's position currently valued at $3.26B.

Here's an overview of Ray Dalio's trades in State Street My2026 Municipal Bond ETF:

BlackRock Institutional Trust Company N.A. (IVV)

BlackRock Institutional Trust Company N.A. manages a variety of institutional investment products, including the iShares Core S&P 500 ETF. This trust provides a vehicle for tracking the performance of large-cap United States equities across various industrial sectors. This holding in Ray Dalio's portfolio is currently worth $2.01B, while the overall market capitalization stands at $834.14B.

Here's an overview of Ray Dalio's trades in BlackRock Institutional Trust Company N.A.:

Micron Technology Inc. (MU)

Micron Technology Inc. is a global manufacturer of semiconductor devices, including dynamic random-access memory and flash memory. Its products are integral to the operation of data centers, automotive electronics, and a wide range of consumer computing devices. Micron Technology Inc. has a market capitalization of $1.28T, with Ray Dalio's position currently valued at $1.7B. Analysts have set a price target of $1.29K for the stock, and the company's discounted cash flow analysis suggests a value of $385.05 per share.

Here's an overview of Ray Dalio's trades in Micron Technology Inc.:

Amazon.com Inc. (AMZN)

Amazon.com Inc. is a technology company that operates in the fields of e-commerce, cloud computing through AWS, and digital streaming services. The company maintains a massive global logistics infrastructure and a significant presence in the international retail trade sector. The current value of Ray Dalio's position is $1.05B, in a company with a market cap of $2.5T. A price target of $315.23 has been issued by analysts, while its discounted cash flow value is calculated at $79.24.

Here's an overview of Ray Dalio's trades in Amazon.com Inc.:

NVIDIA Corp (NVDA)

NVIDIA Corp designs and manufactures graphics processing units and system on a chip units for the gaming and professional markets. It is a major supplier of hardware used in data centers and artificial intelligence applications across the global manufacturing landscape. With a market capitalization standing at $4.66T, Ray Dalio's position in this company is currently valued at $939.02M. Analysts have established a price target of $309.81, and the discounted cash flow analysis indicates a value of $260.0.

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