Bridgewater Associates 13F: Q2 2026 Portfolio — $24.38B Across 997 Positions

In Q2 2026, Bridgewater’s largest actions tilted toward broad index exposure: the fund added SPY, increasing its position weight to 16.3% of the portfolio (up 21.9% in share count), and also added IVV to 9.22% (up 12.1%). A second major index-related change was the addition of VOO to 1.29% of the portfolio, with an especially large share-count increase (up 189.0%). Together, these moves reinforce the quarter’s clear theme of keeping the core equity allocation anchored in the S&P 500.

That broadening was paired with selective trimming in high-profile growth/tech exposures. Nvidia was trimmed to 3.17% (share count down 17.6%), while Broadcom fell to 2.04% (down 28.2%) and Amazon to 1.98% (down 53.8%). The same pattern appears across other large holdings, including Alphabet down 33.8% to 1.94%, and Microsoft down 34.4% to 1.09%. Despite 214 new positions and 394 adds, 210 exits were also recorded, suggesting a rotation that kept concentration elevated (top-10 weight at 40.0%) while reshuffling what sits inside that core.

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.