Ray Dalio's Bridgewater Associates significantly increased its investment in the SPDR S&P 500 ETF Trust (SPY), raising its share count by 21.89% during the second quarter of 2026. According to its latest SEC 13F filing, the hedge fund giant boosted its holdings from 4.36 million to 5.32 million shares, bringing the total value of the position to $3.97 billion. This ETF is now the firm's largest single holding, representing over 16% of its reported portfolio.
This move is revealed in a mandatory quarterly disclosure, which reflects portfolio changes made between April 1 and June 30, 2026. The filing shows that while increasing its broad market exposure via ETFs, Bridgewater was also trimming positions in several individual technology stocks that had seen significant rallies. This strategic adjustment highlights a dual approach of reinforcing a core, diversified market position while potentially taking profits from specific high-performing sectors.