Ray Dalio's top holdings (March 2026) include SSgA Active Trust - 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 its Chief Investment Officer and co-Chairman, he has focused on macro investing, developing a unique approach to understanding economic cycles and market dynamics. His firm is known for its research-driven, systematic investment strategies.

SSgA Active Trust - SPDR S&P 500 ETF Trust (SPY)

The SPDR S&P 500 ETF Trust is an exchange-traded fund designed to track the performance of the S&P 500 index, which represents 500 of the largest U.S. publicly traded companies. It provides investors with broad exposure to the U.S. equity market. This ETF has a market capitalization of $696.24B, with the current value of Ray Dalio's position standing at $3.06B.
Here's an overview of Ray Dalio's trades in SSgA Active Trust - SPDR S&P 500 ETF Trust:

BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF (IVV)

The iShares Core S&P 500 ETF, managed by BlackRock, aims to replicate the investment results of the S&P 500 index. It offers a cost-effective way for investors to gain exposure to the U.S. large-cap equity market. The company's market cap is reported at $749.98B, and this holding in Ray Dalio's portfolio is currently worth $2.88B.
Here's an overview of Ray Dalio's trades in BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF:

Lam Research Corp. (LRCX)

Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The company designs and manufactures equipment used in chipmaking for applications ranging from memory to logic devices. It plays a critical role in the production of advanced semiconductors worldwide. Lam Research Corp. has a market capitalization of $292.08B, and the position in Ray Dalio's portfolio is currently valued at $711.41M. Analysts have established a price target of $252.25 for the company, while a discounted cash flow analysis suggests a value of $53.18 per share.
Here's an overview of Ray Dalio's trades in Lam Research Corp.:

NVIDIA Corp (NVDA)

NVIDIA is a leading designer of graphics processing units (GPUs) for the gaming and professional markets, as well as chipsets for workstations, personal computers, and mobile devices. Its technology is pivotal in artificial intelligence, data centers, and autonomous driving solutions, establishing a significant presence across various high-growth sectors. With a substantial market cap of $4.31T, NVIDIA Corp. represents a holding in Ray Dalio's portfolio currently worth $684.53M. A price target of $268.96 has been set by analysts for NVIDIA, and its discounted cash flow model indicates a per-share value of $135.93.
Here's an overview of Ray Dalio's trades in NVIDIA Corp:

GE Vernova Inc. (GEV)

GE Vernova is a global energy company focused on power generation, renewable energy, and digital solutions. It provides essential technology and services across the entire energy value chain, from wind turbines and hydro power to grid solutions and nuclear power plants. The company aims to accelerate the energy transition. GE Vernova Inc. commands a market capitalization of $237.03B, with the current value of Ray Dalio's position in the company totaling $581.81M. The analyst price target for GE Vernova is $829.52, and its discounted cash flow value is calculated at $59.76 per share.
Here's an overview of Ray Dalio's trades in GE Vernova Inc.: