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I'm joel macabontoc mayo I AM CREATORS CREATE CREATURES EVERYTHING ETC ITS POSSIBLE TO MAKE BEAUTIFUL CREATURES PRETTY NATION FANTASTIC SCIENCE CHEMISTRY WONDERFUL UNIVERSE NICE AMAZING STORY OF KNOLEGES MEMORIES EXPERIENCE WORKING DEVELOPING ESTIMATION CALCULATING DISCOVERY DESCRIPTIONS DESTINATION AREA SITE LOCATION ELEVATION GROUND UNDER GROUND SURROUNDING MEASUREMENTS LENGTH WADE HIGHT EVERYTHING ETC JOEL MACABONTOC MAYO RIST MAN PEOPLE ALL AROUND THE WORLD 🌎 ALL my own everything etc everything etc own my own everything everything etc to helping protect developing all

Ray Dalio’s 2025 Portfolio: A Macro Masterclass in Diversified Precision

TradingKey - Ray Dalio's Bridgewater Associates had a striking diversified holding of 664 stocks valued at $21.55 billion in equity value through the period ended March 31, 2025. And at a turnover of 31% in Q1, the highest since well over a year, Dalio's strategy is far from static.

Ray Dalio’s 2025 Portfolio: A Macro Masterclass in Diversified Precision

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":508868906303768,"tweetId":"508868906303768","gmtCreate":1765267082342,"gmtModify":1765267087036,"author":{"id":4186031380326192,"idStr":"4186031380326192","authorId":4186031380326192,"authorIdStr":"4186031380326192","name":"Joel macabontoc","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>I'm joel macabontoc mayo I AM CREATORS CREATE CREATURES EVERYTHING ETC ITS POSSIBLE TO MAKE BEAUTIFUL CREATURES PRETTY NATION FANTASTIC SCIENCE CHEMISTRY WONDERFUL UNIVERSE NICE AMAZING STORY OF KNOLEGES MEMORIES EXPERIENCE WORKING DEVELOPING ESTIMATION CALCULATING DISCOVERY DESCRIPTIONS DESTINATION AREA SITE LOCATION ELEVATION GROUND UNDER GROUND SURROUNDING MEASUREMENTS LENGTH WADE HIGHT EVERYTHING ETC JOEL MACABONTOC MAYO RIST MAN PEOPLE ALL AROUND THE WORLD 🌎 ALL my own everything etc everything etc own my own everything everything etc to helping protect developing all</p></body></html>","htmlText":"<html><head></head><body><p>I'm joel macabontoc mayo I AM CREATORS CREATE CREATURES EVERYTHING ETC ITS POSSIBLE TO MAKE BEAUTIFUL CREATURES PRETTY NATION FANTASTIC SCIENCE CHEMISTRY WONDERFUL UNIVERSE NICE AMAZING STORY OF KNOLEGES MEMORIES EXPERIENCE WORKING DEVELOPING ESTIMATION CALCULATING DISCOVERY DESCRIPTIONS DESTINATION AREA SITE LOCATION ELEVATION GROUND UNDER GROUND SURROUNDING MEASUREMENTS LENGTH WADE HIGHT EVERYTHING ETC JOEL MACABONTOC MAYO RIST MAN PEOPLE ALL AROUND THE WORLD 🌎 ALL my own everything etc everything etc own my own everything everything etc to helping protect developing all</p></body></html>","text":"I'm joel macabontoc mayo I AM CREATORS CREATE CREATURES EVERYTHING ETC ITS POSSIBLE TO MAKE BEAUTIFUL CREATURES PRETTY NATION FANTASTIC SCIENCE CHEMISTRY WONDERFUL UNIVERSE NICE AMAZING STORY OF KNOLEGES MEMORIES EXPERIENCE WORKING DEVELOPING ESTIMATION CALCULATING DISCOVERY DESCRIPTIONS DESTINATION AREA SITE LOCATION ELEVATION GROUND UNDER GROUND SURROUNDING MEASUREMENTS LENGTH WADE HIGHT EVERYTHING ETC JOEL MACABONTOC MAYO RIST MAN PEOPLE ALL AROUND THE WORLD 🌎 ALL my own everything etc everything etc own my own everything everything etc to helping protect developing all","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/508868906303768","repostId":2542352725,"repostType":2,"repost":{"id":"2542352725","kind":"highlight","weMediaInfo":{"introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"media_name":"TradingKey","id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"pubTimestamp":1749520051,"share":"https://ttm.financial/m/news/2542352725?lang=en_US&edition=fundamental","pubTime":"2025-06-10 09:47","market":"sh","language":"en","title":"Ray Dalio’s 2025 Portfolio: A Macro Masterclass in Diversified Precision","url":"https://stock-news.laohu8.com/highlight/detail?id=2542352725","media":"TradingKey","summary":"TradingKey - Ray Dalio's Bridgewater Associates had a striking diversified holding of 664 stocks valued at $21.55 billion in equity value through the period ended March 31, 2025. And at a turnover of 31% in Q1, the highest since well over a year, Dalio's strategy is far from static. ","content":"<html><body><p dir=\"ltr\"><span>TradingKey - Ray Dalio's Bridgewater Associates had a striking diversified holding of 664 stocks valued at $21.55 billion in equity value through the period ended March 31, 2025. And at a turnover of 31% in Q1, the highest since well over a year, Dalio's strategy is far from static. While Pershing Square's Bill Ackman likes focused bets, Dalio's is a game of scale, diversification, and macro hedge accuracy.</span></p><p dir=\"ltr\"><span>The portfolio increased 123 positions in Q1, prioritizing breadth rather than concentration. In spite of this sprawl, the top 10 holdings continue to reflect a considered, conviction-driven focus into ETF-heavy vehicles and leading global tech platforms. SPDR S&amp;P 500 ETF Trust (SPY) continues to be the largest holding at 8.67% despite a staggering 59.4% reduction, indicating ongoing rebalancing on U.S. equity exposures.</span></p><p dir=\"ltr\"><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250610/971189969b2d4843afbc1c2f3863154420250610092827_optimized_150.png\" width=\"inherit\"/></p><h1 dir=\"ltr\"><span>Sector Composition: Technology at the Helm, Finely Balanced</span></h1><p dir=\"ltr\"><span>Technology is Dalio's most heavily weighted sector with 18.79%, followed closely by Financial Services (12.61%) and Consumer Cyclical (12.32%). Communication Services and Healthcare are distant behind at 8.32% and 7.16% respectively. Basic Materials, which contributes a mere 2.08% to the portfolio, illustrates a focused bet in Metals &amp; Mining (1.58%) and Steel (0.37%), indicating even in small segments, Dalio has definitive views presented through focused industry exposure.</span></p><p dir=\"ltr\"><span>Consumer Defensive, Industrials, and Energy are fairly modest, all at less than 6%, indicating a thematic play on global hedges against risk rather than cyclical industry overweightings. Real Estate is barely showing at 0.51%, while Utilities hold a steady, low-weight presence at 2.61%, perhaps in a role of ballast against volatility.</span></p><p dir=\"ltr\"><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250610/c800673306e449d0b2786e32ef95d9bd%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20250610092715.png\" width=\"inherit\"/></p><h1 dir=\"ltr\"><span>Key Holdings: U.S. Tech Giants, Alibaba, and ETFs</span></h1><p dir=\"ltr\"><span>Dalio's top bets illustrate a combination of beta capture and opportunistic alpha. SPY and IVV (<a href=\"https://laohu8.com/S/EEMA\">iShares</a> Core S&amp;P 500 ETF) account for well more than 14% of the portfolio, supporting a passive center. His conviction bet in Alibaba Group (BABA), now 3.47% of the portfolio after a 2,119% rise in shares, indicates increased optimism in Chinese e-commerce in spite of geopolitics and policy issues.</span></p><p dir=\"ltr\"><span>Alphabet (2.18%) lost 15.99% and reflected a conservative approach to the theme of large-cap U.S. tech in the face of AI monetization challenges. However, Dalio remains most exposed to the theme through NVIDIA (1.43%), Microsoft (1.41%), and Salesforce (1.30%). <a href=\"https://laohu8.com/S/BKNG\">Booking</a> Holdings (1.43%) and SPDR Gold Shares (1.48%) complete the list, reflecting a blend of consumer cyclical rebound and hard-asset hedging.</span></p><h1 dir=\"ltr\"><span>Performance Track Record: Outperforming the S&amp;P through Vitenas</span></h1><p dir=\"ltr\"><span>Bridgewater's theoretical portfolio return since March 31, 2025, is quite divergent from the S&amp;P 500. While the S&amp;P has straggled with flat to slightly negative returns, Dalio's portfolio skyrocketed almost 40% in <a href=\"https://laohu8.com/S/QTWO\">Q2</a> before falling into a steady ~30% outperformance range. This is an indication that Dalio's move into international, commodities, and defensively geared names is playing the role of ballast, and in a few instances, a tailwind, during a turbulent market cycle.</span></p><p dir=\"ltr\"><span>This outperformance, in particular since the beginning of April 2025, is consistent with gold strength, emerging markets, and selective technology names, affirming the multi-asset, global macro underpinnings of Bridgewater's approach.</span></p><p dir=\"ltr\"><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250610/61694381f6b540bd8361b006e84b9f82%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20250610093524.png\" width=\"inherit\"/></p><h1 dir=\"ltr\"><span>Macro Themes and Strategic Alignment</span></h1><p dir=\"ltr\"><span>Dalio's allocations reflect fundamental macro beliefs:</span></p><ul><li value=\"1\"><span>Inflation hedging in gold (GLD) and commodities</span></li><li value=\"2\"><span>Resurgence in emerging markets through IEMG (4.75%) and Alibaba</span></li><li value=\"3\"><span>Technological selectivity, preferring established platforms such as NVIDIA, Microsoft, and Booking over speculative small-cap gems</span></li><li value=\"4\"><span>ETF core exposure, offering liquid, broad market access while releasing capital to implement tactical tilts</span></li></ul><p dir=\"ltr\"><span>In trimming SPY quite heavily, however, Dalio is not getting rid of U.S. exposure, just repositioning. In contrast, noteworthy fresh exposures in <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a> (NOW), Baidu (BIDU), and JD.com represent a contrarian bent: hitting AI scale-ups and Chinese tech turnaround plays in a doubtful world.</span></p><h2 dir=\"ltr\"><span>Conclusion: A Tactical Overdrive in a Global Macro Portfolio</span></h2><p dir=\"ltr\"><span>Ray Dalio's 2025 portfolio is a study in global macro execution on a grand scale. With 664 names, one might expect diversification to be achieved through dilution but instead is accomplished through precision, aligning ETFs, emerging market wagers, AI-connected U.S. tech, and hedges in the form of gold and metals.</span></p><p dir=\"ltr\"><span>Through high turnover and pointed reallocations, Dalio's data-driven, disciplined system persists in extracting alpha in an environment where most active managers trail behind. To investors observing Dalio in 2025, the message is unmistakable: macro continues to count, and disciplined breadth can shine even brighter in chaotic times.</span></p><p dir=\"ltr\"><img height=\"476\" src=\"https://resource.tradingkey.com/uploads/20250610/3a76ee3f75dd474dbcaeca3e8beb56ad250606--EN1_1_optimized_150.png\" width=\"476\"/><img height=\"476\" src=\"https://resource.tradingkey.com/uploads/20250610/2309cc81e6ec450cbe30b7f8be9b945c250606--EN2_optimized_150.png\" width=\"476\"/></p><p dir=\"ltr\"><i><b><strong>Get started now</strong></b></i></p><p>Find out more</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ray Dalio’s 2025 Portfolio: A Macro Masterclass in Diversified Precision</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRay Dalio’s 2025 Portfolio: A Macro Masterclass in Diversified Precision\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-06-10 09:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey - Ray Dalio's Bridgewater Associates had a striking diversified holding of 664 stocks valued at $21.55 billion in equity value through the period ended March 31, 2025. And at a turnover of 31% in Q1, the highest since well over a year, Dalio's strategy is far from static. While Pershing Square's Bill Ackman likes focused bets, Dalio's is a game of scale, diversification, and macro hedge accuracy.</span></p><p dir=\"ltr\"><span>The portfolio increased 123 positions in Q1, prioritizing breadth rather than concentration. In spite of this sprawl, the top 10 holdings continue to reflect a considered, conviction-driven focus into ETF-heavy vehicles and leading global tech platforms. SPDR S&amp;P 500 ETF Trust (SPY) continues to be the largest holding at 8.67% despite a staggering 59.4% reduction, indicating ongoing rebalancing on U.S. equity exposures.</span></p><p dir=\"ltr\"><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250610/971189969b2d4843afbc1c2f3863154420250610092827_optimized_150.png\" width=\"inherit\"/></p><h1 dir=\"ltr\"><span>Sector Composition: Technology at the Helm, Finely Balanced</span></h1><p dir=\"ltr\"><span>Technology is Dalio's most heavily weighted sector with 18.79%, followed closely by Financial Services (12.61%) and Consumer Cyclical (12.32%). Communication Services and Healthcare are distant behind at 8.32% and 7.16% respectively. Basic Materials, which contributes a mere 2.08% to the portfolio, illustrates a focused bet in Metals &amp; Mining (1.58%) and Steel (0.37%), indicating even in small segments, Dalio has definitive views presented through focused industry exposure.</span></p><p dir=\"ltr\"><span>Consumer Defensive, Industrials, and Energy are fairly modest, all at less than 6%, indicating a thematic play on global hedges against risk rather than cyclical industry overweightings. Real Estate is barely showing at 0.51%, while Utilities hold a steady, low-weight presence at 2.61%, perhaps in a role of ballast against volatility.</span></p><p dir=\"ltr\"><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250610/c800673306e449d0b2786e32ef95d9bd%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20250610092715.png\" width=\"inherit\"/></p><h1 dir=\"ltr\"><span>Key Holdings: U.S. Tech Giants, Alibaba, and ETFs</span></h1><p dir=\"ltr\"><span>Dalio's top bets illustrate a combination of beta capture and opportunistic alpha. SPY and IVV (<a href=\"https://laohu8.com/S/EEMA\">iShares</a> Core S&amp;P 500 ETF) account for well more than 14% of the portfolio, supporting a passive center. His conviction bet in Alibaba Group (BABA), now 3.47% of the portfolio after a 2,119% rise in shares, indicates increased optimism in Chinese e-commerce in spite of geopolitics and policy issues.</span></p><p dir=\"ltr\"><span>Alphabet (2.18%) lost 15.99% and reflected a conservative approach to the theme of large-cap U.S. tech in the face of AI monetization challenges. However, Dalio remains most exposed to the theme through NVIDIA (1.43%), Microsoft (1.41%), and Salesforce (1.30%). <a href=\"https://laohu8.com/S/BKNG\">Booking</a> Holdings (1.43%) and SPDR Gold Shares (1.48%) complete the list, reflecting a blend of consumer cyclical rebound and hard-asset hedging.</span></p><h1 dir=\"ltr\"><span>Performance Track Record: Outperforming the S&amp;P through Vitenas</span></h1><p dir=\"ltr\"><span>Bridgewater's theoretical portfolio return since March 31, 2025, is quite divergent from the S&amp;P 500. While the S&amp;P has straggled with flat to slightly negative returns, Dalio's portfolio skyrocketed almost 40% in <a href=\"https://laohu8.com/S/QTWO\">Q2</a> before falling into a steady ~30% outperformance range. This is an indication that Dalio's move into international, commodities, and defensively geared names is playing the role of ballast, and in a few instances, a tailwind, during a turbulent market cycle.</span></p><p dir=\"ltr\"><span>This outperformance, in particular since the beginning of April 2025, is consistent with gold strength, emerging markets, and selective technology names, affirming the multi-asset, global macro underpinnings of Bridgewater's approach.</span></p><p dir=\"ltr\"><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250610/61694381f6b540bd8361b006e84b9f82%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20250610093524.png\" width=\"inherit\"/></p><h1 dir=\"ltr\"><span>Macro Themes and Strategic Alignment</span></h1><p dir=\"ltr\"><span>Dalio's allocations reflect fundamental macro beliefs:</span></p><ul><li value=\"1\"><span>Inflation hedging in gold (GLD) and commodities</span></li><li value=\"2\"><span>Resurgence in emerging markets through IEMG (4.75%) and Alibaba</span></li><li value=\"3\"><span>Technological selectivity, preferring established platforms such as NVIDIA, Microsoft, and Booking over speculative small-cap gems</span></li><li value=\"4\"><span>ETF core exposure, offering liquid, broad market access while releasing capital to implement tactical tilts</span></li></ul><p dir=\"ltr\"><span>In trimming SPY quite heavily, however, Dalio is not getting rid of U.S. exposure, just repositioning. In contrast, noteworthy fresh exposures in <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a> (NOW), Baidu (BIDU), and JD.com represent a contrarian bent: hitting AI scale-ups and Chinese tech turnaround plays in a doubtful world.</span></p><h2 dir=\"ltr\"><span>Conclusion: A Tactical Overdrive in a Global Macro Portfolio</span></h2><p dir=\"ltr\"><span>Ray Dalio's 2025 portfolio is a study in global macro execution on a grand scale. With 664 names, one might expect diversification to be achieved through dilution but instead is accomplished through precision, aligning ETFs, emerging market wagers, AI-connected U.S. tech, and hedges in the form of gold and metals.</span></p><p dir=\"ltr\"><span>Through high turnover and pointed reallocations, Dalio's data-driven, disciplined system persists in extracting alpha in an environment where most active managers trail behind. To investors observing Dalio in 2025, the message is unmistakable: macro continues to count, and disciplined breadth can shine even brighter in chaotic times.</span></p><p dir=\"ltr\"><img height=\"476\" src=\"https://resource.tradingkey.com/uploads/20250610/3a76ee3f75dd474dbcaeca3e8beb56ad250606--EN1_1_optimized_150.png\" width=\"476\"/><img height=\"476\" src=\"https://resource.tradingkey.com/uploads/20250610/2309cc81e6ec450cbe30b7f8be9b945c250606--EN2_optimized_150.png\" width=\"476\"/></p><p dir=\"ltr\"><i><b><strong>Get started now</strong></b></i></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://resource.tradingkey.com/uploads/20250610/e1f0195215ad42b5aec676de423b7ea5shutterstock_2245793321_optimized_150.jpg","relate_stocks":{"LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","NVDA":"英伟达","SPY":"标普500ETF","2NVD.UK":"2X NVIDIA ETP","OEX":"标普100","NVDX":"2倍做多NVDA ETF-T-Rex","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","NVD":"2倍做空NVDA ETF-GraniteShares","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","NVDY":"NVDA期权收益策略ETF-YieldMax","SDS":"两倍做空标普500 ETF-ProShares","NVDD":"1倍做空NVDA ETF-Direxion","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","NVDS.UK":"LS -1X NVIDIA","09988":"阿里巴巴-W","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","MSFT":"微软","3NVD.UK":"LS 3X NVIDIA","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","NVIW.SI":"NVDA 3xLongSG261006","NVD3.UK":"LS 3X NVIDIA","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF-ProShares","FDN":"First Trust Dow Jones Internet I","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","NVD2.UK":"2X NVIDIA ETP","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","SNVD.UK":"LS -1X NVIDIA","SPXU":"三倍做空标普500ETF-ProShares","SH":"做空标普500-Proshares","NVDS":"1.5倍做空NVDA ETF-Tradr","SSO":"2倍做多标普500ETF-ProShares","BABA":"阿里巴巴","VOO":"Vanguard标普500ETF","NOW":"ServiceNow","IVV":"标普500ETF-iShares","NVDU":"2倍做多NVDA ETF-Direxion","SPY.AU":"SPDR® S&P 500® ETF Trust"},"source_url":"https://www.tradingkey.com/analysis/stocks/us-stocks/250772324-Yiannis-Zourmpanos","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2542352725","content_text":"TradingKey - Ray Dalio's Bridgewater Associates had a striking diversified holding of 664 stocks valued at $21.55 billion in equity value through the period ended March 31, 2025. And at a turnover of 31% in Q1, the highest since well over a year, Dalio's strategy is far from static. While Pershing Square's Bill Ackman likes focused bets, Dalio's is a game of scale, diversification, and macro hedge accuracy.The portfolio increased 123 positions in Q1, prioritizing breadth rather than concentration. In spite of this sprawl, the top 10 holdings continue to reflect a considered, conviction-driven focus into ETF-heavy vehicles and leading global tech platforms. SPDR S&P 500 ETF Trust (SPY) continues to be the largest holding at 8.67% despite a staggering 59.4% reduction, indicating ongoing rebalancing on U.S. equity exposures.Sector Composition: Technology at the Helm, Finely BalancedTechnology is Dalio's most heavily weighted sector with 18.79%, followed closely by Financial Services (12.61%) and Consumer Cyclical (12.32%). Communication Services and Healthcare are distant behind at 8.32% and 7.16% respectively. Basic Materials, which contributes a mere 2.08% to the portfolio, illustrates a focused bet in Metals & Mining (1.58%) and Steel (0.37%), indicating even in small segments, Dalio has definitive views presented through focused industry exposure.Consumer Defensive, Industrials, and Energy are fairly modest, all at less than 6%, indicating a thematic play on global hedges against risk rather than cyclical industry overweightings. Real Estate is barely showing at 0.51%, while Utilities hold a steady, low-weight presence at 2.61%, perhaps in a role of ballast against volatility.Key Holdings: U.S. Tech Giants, Alibaba, and ETFsDalio's top bets illustrate a combination of beta capture and opportunistic alpha. SPY and IVV (iShares Core S&P 500 ETF) account for well more than 14% of the portfolio, supporting a passive center. His conviction bet in Alibaba Group (BABA), now 3.47% of the portfolio after a 2,119% rise in shares, indicates increased optimism in Chinese e-commerce in spite of geopolitics and policy issues.Alphabet (2.18%) lost 15.99% and reflected a conservative approach to the theme of large-cap U.S. tech in the face of AI monetization challenges. However, Dalio remains most exposed to the theme through NVIDIA (1.43%), Microsoft (1.41%), and Salesforce (1.30%). Booking Holdings (1.43%) and SPDR Gold Shares (1.48%) complete the list, reflecting a blend of consumer cyclical rebound and hard-asset hedging.Performance Track Record: Outperforming the S&P through VitenasBridgewater's theoretical portfolio return since March 31, 2025, is quite divergent from the S&P 500. While the S&P has straggled with flat to slightly negative returns, Dalio's portfolio skyrocketed almost 40% in Q2 before falling into a steady ~30% outperformance range. This is an indication that Dalio's move into international, commodities, and defensively geared names is playing the role of ballast, and in a few instances, a tailwind, during a turbulent market cycle.This outperformance, in particular since the beginning of April 2025, is consistent with gold strength, emerging markets, and selective technology names, affirming the multi-asset, global macro underpinnings of Bridgewater's approach.Macro Themes and Strategic AlignmentDalio's allocations reflect fundamental macro beliefs:Inflation hedging in gold (GLD) and commoditiesResurgence in emerging markets through IEMG (4.75%) and AlibabaTechnological selectivity, preferring established platforms such as NVIDIA, Microsoft, and Booking over speculative small-cap gemsETF core exposure, offering liquid, broad market access while releasing capital to implement tactical tiltsIn trimming SPY quite heavily, however, Dalio is not getting rid of U.S. exposure, just repositioning. In contrast, noteworthy fresh exposures in ServiceNow (NOW), Baidu (BIDU), and JD.com represent a contrarian bent: hitting AI scale-ups and Chinese tech turnaround plays in a doubtful world.Conclusion: A Tactical Overdrive in a Global Macro PortfolioRay Dalio's 2025 portfolio is a study in global macro execution on a grand scale. With 664 names, one might expect diversification to be achieved through dilution but instead is accomplished through precision, aligning ETFs, emerging market wagers, AI-connected U.S. tech, and hedges in the form of gold and metals.Through high turnover and pointed reallocations, Dalio's data-driven, disciplined system persists in extracting alpha in an environment where most active managers trail behind. To investors observing Dalio in 2025, the message is unmistakable: macro continues to count, and disciplined breadth can shine even brighter in chaotic times.Get started nowFind out more","news_type":1,"symbols_score_info":{"SNVD.UK":0.6,"NVIW.SI":0.6,"SPY":1,"VOO":0.9,"MSFT":0.84,"NVD2.UK":0.6,"NVDU":0.6,"SDS":0.6,"IVV":0.6,"NVDD":0.6,"2NVD.UK":0.6,"SPXU":0.6,"ALBmain":0.6,"SPY.AU":1,"NVDS":0.6,"NVD":0.6,"OEX":0.6,"SSO":0.6,"NVDY":0.6,"NOW":1,"NVDX":0.6,"OEF":0.6,"ESmain":0.6,"NVDS.UK":0.6,".SPX":0.6,"3NVD.UK":0.6,"09988":0.6,"NVD3.UK":0.6,"UPRO":0.6,"BABA":1,"NVDA":0.63,"SH":0.6,"MESmain":0.6,"FDN":0.63}},"isVote":1,"tweetType":1,"viewCount":41,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":500,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}