Ray Dalio's Bridgewater Associates significantly reduced its position in Amazon.com (AMZN) by 53.85% during the second quarter of 2026. The world's largest hedge fund sold approximately 2.36 million shares, leaving it with a holding of 2.03 million shares valued at $482.75 million as of June 30. This trade was disclosed in the firm's mandatory 13F filing, which details portfolio holdings from the end of the previous quarter, meaning the trades occurred between April 1 and June 30.
The reduction came during a quarter where Amazon reported strong financial results, with revenues and earnings beating analyst expectations, driven by surging growth in its AWS cloud computing division. Bridgewater's sale was part of a broader pattern of mixed institutional sentiment on Amazon, with other major hedge funds also trimming their positions. In recent months, Ray Dalio has publicly expressed caution about potential bubbles forming in the AI sector and overvaluation in the broader market.