Ray Dalio's top holdings (May 2025) 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, a global investment management firm. He is known for his macroeconomic perspectives and global investment strategies. The firm manages assets for a diverse range of institutional clients.

SSgA Active Trust - SPDR S&P 500 ETF Trust

The SPDR S&P 500 ETF Trust aims to replicate the S&P 500 index, providing investors with broad exposure to the U.S. equity market. It is one of the most widely traded and well-known ETFs, offering a diversified investment in 500 of the largest publicly traded companies in the United States. SSgA Active Trust - SPDR S&P 500 ETF Trust has a market capitalization of $663.48M, with Ray Dalio's position currently valued at $4.57B.

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

The iShares Core S&P 500 ETF seeks to mirror the investment results of the S&P 500 index. This ETF offers exposure to a wide range of large-cap U.S. equities. The company's market cap stands at $2.26B, while the current value of Ray Dalio's holding is $1.14B.

Here's an overview of Ray Dalio's trades in BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF:

BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF

The iShares Core MSCI Emerging Markets ETF provides exposure to a broad range of emerging market equities. The ETF is designed to track the investment results of the MSCI Emerging Markets Investable Market Index. The company's market cap stands at $2.26B, while the current value of Ray Dalio's holding is $956.6M.

Here's an overview of Ray Dalio's trades in BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF:

Alphabet Inc

Alphabet Inc. is a global technology company focused on areas like search, advertising, operating systems and platforms, enterprise and hardware products. Its main products include Google Search, YouTube, Android, and Google Cloud. Alphabet has a market capitalization of $1.99T, with Ray Dalio's position currently valued at $575.06M. Analysts have set a price target of $185.5 for Alphabet. The company's discounted cash flow analysis suggests a value of $259.2 per share.

Here's an overview of Ray Dalio's trades in Alphabet Inc:

NVIDIA Corp

NVIDIA Corporation designs and manufactures graphics processors, chipsets, and related multimedia software. The company's products drive innovation across the gaming, professional visualization, data center, and automotive markets. NVIDIA has a market capitalization of $2.71T, with Ray Dalio's position currently valued at $380.93M. Analysts have set a price target of $171.71 for NVIDIA. The company's discounted cash flow analysis suggests a value of $162.69 per share.

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