Ray Dalio's LQD Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 999,400 shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) worth $110.12 M, representing 0.40% of the portfolio. First purchased in 2013-Q3, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in LQD, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2017, adding 957,937 shares. Largest reduction occurred in Q2 2020, reducing 817,960 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) Holding Value Over Time
Track share changes against reported price movement
Quarterly iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +36,900 | Add 3.83% | 999,400 | $110.19 |
| Q3 2025 | -72,800 | Reduce 7.03% | 962,500 | $111.47 |
| Q2 2025 | +11,200 | Add 1.09% | 1.04 M | $109.61 |
| Q1 2025 | +29,900 | Add 3.01% | 1.02 M | $108.69 |
| Q4 2024 | +11,000 | Add 1.12% | 994,200 | $106.84 |
| Q3 2024 | -11,000 | Reduce 1.11% | 983,200 | $112.98 |
| Q2 2024 | -19,000 | Reduce 1.88% | 994,200 | $107.12 |
| Q1 2024 | +53,200 | Add 5.54% | 1.01 M | $108.92 |
| Q4 2023 | -28,500 | Reduce 2.88% | 960,000 | $110.66 |
| Q3 2023 | +18,700 | Add 1.93% | 988,500 | $102.02 |
| Q2 2023 | +1,400 | Add 0.14% | 969,800 | $108.14 |
| Q1 2023 | -5,400 | Reduce 0.55% | 968,400 | $109.61 |
| Q4 2022 | -38,400 | Reduce 3.79% | 973,800 | $105.43 |
| Q3 2022 | -4,000 | Reduce 0.39% | 1.01 M | $102.45 |
| Q2 2022 | +17,800 | Add 1.78% | 1.02 M | $110.03 |
| Q1 2022 | +37,769 | Add 3.93% | 998,400 | $120.94 |
| Q4 2021 | -104,075 | Reduce 9.77% | 960,631 | $132.52 |
| Q3 2021 | -10,159 | Reduce 0.95% | 1.06 M | $133.03 |
| Q2 2021 | -22,514 | Reduce 2.05% | 1.07 M | $134.36 |
| Q1 2021 | -3,824 | Reduce 0.35% | 1.1 M | $130.05 |
| Q4 2020 | +14,574 | Add 1.34% | 1.1 M | $138.13 |
| Q3 2020 | +66,528 | Add 6.52% | 1.09 M | $134.71 |
| Q2 2020 | -817,960 | Reduce 44.50% | 1.02 M | $134.50 |
| Q1 2020 | -492,872 | Reduce 21.14% | 1.84 M | $123.51 |
| Q4 2019 | -801 | Reduce 0.03% | 2.33 M | $127.96 |
| Q3 2019 | -303,260 | Reduce 11.51% | 2.33 M | $127.48 |
| Q2 2019 | +12,640 | Add 0.48% | 2.63 M | $124.37 |
| Q1 2019 | +113,573 | Add 4.53% | 2.62 M | $119.06 |
| Q4 2018 | +6,647 | Add 0.27% | 2.51 M | $112.82 |
| Q1 2018 | +27,862 | Add 1.13% | 2.5 M | $117.39 |
| Q4 2017 | +52,310 | Add 2.16% | 2.47 M | $121.56 |
| Q3 2017 | +957,937 | Add 65.43% | 2.42 M | $121.23 |
| Q2 2017 | +472,370 | Add 47.63% | 1.46 M | $120.51 |
| Q1 2017 | +12,500 | Add 1.28% | 991,655 | $117.91 |
| Q4 2016 | +59,300 | Add 6.45% | 979,155 | $117.18 |
| Q3 2016 | +22,300 | Add 2.48% | 919,855 | $123.18 |
| Q2 2016 | +53,400 | Add 6.33% | 897,555 | $122.73 |
| Q4 2015 | +14,300 | Add 1.72% | 844,155 | $114.01 |
| Q3 2015 | +600 | Add 0.07% | 829,855 | $116.09 |
| Q2 2015 | +275,400 | Add 49.72% | 829,255 | $115.72 |
| Q1 2015 | +129,100 | Add 30.39% | 553,855 | $121.71 |
| Q2 2014 | +26,300 | Add 6.60% | 424,755 | $119.26 |
| Q1 2014 | +21,100 | Add 5.59% | 398,455 | $116.94 |
| Q4 2013 | +13,600 | Add 3.74% | 377,355 | $114.19 |
| Q3 2013 | +363,755 | New Buy | 363,755 | $113.52 |
Ray Dalio's iShares iBoxx $ Investment Grade Corporate Bond ETF Investment FAQs
Ray Dalio first purchased iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) in Q3 2013, acquiring 363,755 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for 50 quarters since Q3 2013.
Ray Dalio's largest addition to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) was in Q3 2017, adding 2,421,962 shares worth $293.61 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 999,400 shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), valued at approximately $110.12 M.
As of the Q4 2025 filing, iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) represents approximately 0.40% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) was 2,634,994 shares, as reported at the end of Q2 2019.