Ray Dalio Reduced Holdings in Q3 2025

Bridgewater Associates, LP

  • $23.8 Billion
  • Q3 2025
Stock Shares change Price Range Shares Held Trade History
SFM
Sprouts Farmers Market, Inc.

Consumer Defensive
-56.1K
- 29.35%
$108.8 - $169.61 $6.1M - $9.51M
135K $14.7M
TOST
Toast, Inc.

Technology
-305K
- 43.9%
$36.51 - $49.3 $11.1M - $15M
389K $14.2M
EQNR
Equinor Asa

Energy
-643K
- 69.32%
$23.7 - $27.1 $15.2M - $17.4M
285K $6.94M
INCY
Incyte Corp

Healthcare
-263K
- 66.69%
$67.27 - $86.96 $17.7M - $22.9M
131K $11.1M
MET
Metlife Inc

Financial Services
-232K
- 12.27%
$73.82 - $82.37 $17.1M - $19.1M
1.66M $137M
DXCM
Dexcom Inc

Healthcare
-133K
- 52.53%
$66.46 - $89.53 $8.86M - $11.9M
120K $8.11M
BHF
Brighthouse Financial, Inc.

Financial Services
-247K
- 80.37%
$43.36 - $57.59 $10.7M - $14.2M
60.3K $3.2M
CF
Cf Industries Holdings, Inc.

Basic Materials
-140K
- 60.88%
$80.91 - $98.75 $11.3M - $13.8M
89.8K $8.06M
EAT
Brinker International, Inc

Consumer Cyclical
-67.6K
- 81.83%
$126.68 - $184.02 $8.57M - $12.4M
15K $1.9M
DVA
Davita Inc.

Healthcare
-85.3K
- 76.09%
$127.69 - $151.32 $10.9M - $12.9M
26.8K $3.56M
PAYC
Paycom Software, Inc.

Technology
-51.7K
- 89.83%
$208.14 - $238.8 $10.8M - $12.3M
5.85K $1.22M
NEM
Newmont Corp

Basic Materials
-378K
- 49.36%
$57.35 - $85.25 $21.6M - $32.2M
387K $32.7M
INSP
Inspire Medical Systems, Inc.

Healthcare
-52.7K
- 37.2%
$74.2 - $139.25 $3.91M - $7.34M
89K $6.6M
SHEL
Shell PLC

Energy
-183K
- 14.06%
$69.82 - $73.93 $12.8M - $13.5M
1.12M $80.1M
KEYS
Keysight Technologies, Inc.

Technology
-76.3K
- 49.3%
$158.51 - $178.15 $12.1M - $13.6M
78.4K $13.7M
ABC
Amerisourcebergen Corp

Healthcare
-62.6K
- 55.43%
N/A
50.3K $9.32M
UNM
Unum Group

Financial Services
-126K
- 22.39%
$68.55 - $82.12 $8.62M - $10.3M
436K $33.9M
LDOS
Leidos Holdings, Inc.

Technology
-89.1K
- 50.0%
$159.2 - $188.96 $14.2M - $16.8M
89.1K $16.8M
NFG
National Fuel Gas CO

Energy
-140K
- 63.53%
$82.19 - $93.72 $11.5M - $13.1M
80.5K $7.44M
TMHC
Taylor Morrison Home Corp

Consumer Cyclical
-192K
- 53.74%
$59.28 - $71.9 $11.4M - $13.8M
165K $10.9M
ONTO
Onto Innovation Inc.

Technology
-127K
- 66.41%
$90.0 - $136.73 $11.4M - $17.3M
64K $8.27M
C
Citigroup Inc

Financial Services
-370K
- 22.7%
$85.57 - $103.49 $31.7M - $38.3M
1.26M $128M
ATGE
Adtalem Global Education Inc.

Consumer Defensive
-102K
- 56.04%
$113.83 - $154.45 $11.6M - $15.7M
80K $12.3M
STT
State Street Corp

Financial Services
-143K
- 23.94%
$102.01 - $117.25 $14.6M - $16.7M
453K $52.6M
HBAN
Huntington Bancshares Inc

Financial Services
-648K
- 74.27%
$15.87 - $17.88 $10.3M - $11.6M
224K $3.88M
HCA
Hca Healthcare, Inc.

Healthcare
-66.1K
- 16.26%
$334.32 - $426.2 $22.1M - $28.2M
341K $145M
OKTA
Okta, Inc.

Technology
-91.1K
- 39.32%
$88.51 - $101.1 $8.06M - $9.21M
141K $12.9M
PM
Philip Morris International Inc.

Consumer Defensive
-39.3K
- 20.29%
$157.77 - $183.27 $6.2M - $7.2M
154K $25M
ERJ
Embraer S.A.

Industrials
-163K
- 93.9%
$47.39 - $61.02 $7.74M - $9.96M
10.6K $641K
THC
Tenet Healthcare Corp

Healthcare
-57.2K
- 65.59%
$148.38 - $203.04 $8.48M - $11.6M
30K $6.09M
MHO
M/I Homes, Inc.

Consumer Cyclical
-88.4K
- 77.8%
$111.91 - $157.22 $9.89M - $13.9M
25.2K $3.64M
Z
Zillow Group Inc Cl C Cap Stk

Communication Services
-171K
- 26.43%
$71.0 - $90.32 $12.1M - $15.4M
476K $36.7M
SLM
Slm Corp

Financial Services
-246K
- 88.28%
$27.68 - $34.4 $6.81M - $8.47M
32.7K $904K
MBB
Ishares Tr

ETFs
-105K
- 7.2%
$92.46 - $95.73 $9.72M - $10.1M
1.36M $129M
HMY
Harmony Gold Mining CO LTD

Basic Materials
-593K
- 90.94%
$12.61 - $18.25 $7.48M - $10.8M
59.1K $1.07M
AZN
Astrazeneca PLC

Healthcare
-158K
- 25.45%
$68.72 - $82.11 $10.9M - $13M
463K $35.5M
CSCO
Cisco Systems, Inc.

Technology
-87.6K
- 4.68%
$66.2 - $71.79 $5.8M - $6.29M
1.79M $122M
GFI
Gold Fields LTD

Basic Materials
-621K
- 61.91%
$23.36 - $42.3 $14.5M - $26.3M
382K $16M
BTU
Peabody Energy Corp

Energy
-590K
- 97.12%
$13.18 - $26.81 $7.77M - $15.8M
17.5K $464K
IDA
Idacorp Inc

Utilities
-65.5K
- 75.12%
$115.16 - $132.15 $7.54M - $8.65M
21.7K $2.87M
TPH
Tri Pointe Homes, Inc.

Consumer Cyclical
-227K
- 79.35%
$30.8 - $37.14 $7M - $8.44M
59.1K $2.01M
CRS
Carpenter Technology Corp

Industrials
-21.8K
- 40.08%
$232.4 - $287.42 $5.07M - $6.27M
32.6K $8M
MFC
Manulife Financial Corp

Financial Services
-142K
- 4.53%
$29.9 - $32.34 $4.24M - $4.59M
2.99M $93.2M
TROX
Tronox Holdings PLC

Basic Materials
-1.29M
- 92.17%
$3.14 - $5.85 $4.05M - $7.54M
110K $440K
BK
Bank Of New York Mellon Corp

Financial Services
-151K
- 27.4%
$90.65 - $109.75 $13.7M - $16.6M
401K $43.7M
CTRA
Coterra Energy Inc.

Energy
-155K
- 9.49%
$23.09 - $25.45 $3.59M - $3.96M
1.48M $35.1M
LQD
Ishares Iboxx $ Investment Gra

ETFs
-72.8K
- 7.03%
$107.66 - $112.36 $7.84M - $8.18M
963K $107M
FOUR
Shift4 Payments, Inc.

Technology
-2.81K
- 1.14%
$77.4 - $106.81 $218K - $301K
243K $18.8M
MWA
Mueller Water Products, Inc.

Industrials
-231K
- 95.3%
$23.94 - $27.39 $5.52M - $6.32M
11.4K $290K
Activity Summary
Buys All Purchases 818 New Holdings 493 Increased Positions 325 Sells All Sells 194 Reductions 194 Sold out 0 Options Calls 0 Puts 0
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