Ray Dalio's SPY Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 2.6M shares of SPDR S&P 500 ETF Trust (SPY) worth $1.71 B, representing 6.69% of the portfolio. First purchased in 2013-Q2, 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 SPY, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2024, adding 7.4M shares. Largest reduction occurred in Q2 2015, reducing 5.9M shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's SPDR S&P 500 ETF Trust (SPY) Holding Value Over Time
Track share changes against reported price movement
Quarterly SPDR S&P 500 ETF Trust (SPY) Trades by Ray Dalio
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +19.82 M | Add 0.00% | 19.82 M | $160.42 |
| Q3 2013 | +870,300 | Add 4.39% | 20.69 M | $168.01 |
| Q4 2013 | -1.5 M | Reduce 7.26% | 19.19 M | $184.69 |
| Q1 2014 | -71,500 | Reduce 0.37% | 19.12 M | $187.01 |
| Q3 2014 | -1.84 M | Reduce 9.65% | 17.27 M | $197.02 |
| Q4 2014 | -1.91 M | Reduce 11.07% | 15.36 M | $205.54 |
| Q1 2015 | +1.05 M | Add 6.83% | 16.41 M | $206.43 |
| Q2 2015 | -5.94 M | Reduce 36.21% | 10.47 M | $205.85 |
| Q3 2015 | -230,300 | Reduce 2.20% | 10.24 M | $191.63 |
| Q4 2015 | +270,700 | Add 2.64% | 10.51 M | $203.87 |
| Q1 2016 | -185,400 | Reduce 1.76% | 10.32 M | $205.52 |
| Q2 2016 | -101,000 | Reduce 0.98% | 10.22 M | $209.48 |
| Q3 2016 | +666,100 | Add 6.52% | 10.89 M | $216.30 |
| Q4 2016 | -789,000 | Reduce 7.25% | 10.1 M | $223.53 |
| Q1 2017 | -225,871 | Reduce 2.24% | 9.87 M | $235.74 |
| Q2 2017 | -275,836 | Reduce 2.79% | 9.6 M | $241.80 |
| Q3 2017 | -113,262 | Reduce 1.18% | 9.48 M | $251.23 |
| Q4 2017 | -17,130 | Reduce 0.18% | 9.47 M | $266.86 |
| Q1 2018 | -538,178 | Reduce 5.69% | 8.93 M | $263.15 |
| Q2 2018 | -545,037 | Reduce 6.10% | 8.38 M | $271.28 |
| Q3 2018 | -533,108 | Reduce 6.36% | 7.85 M | $290.72 |
| Q4 2018 | -343,193 | Reduce 4.37% | 7.51 M | $249.92 |
| Q1 2019 | +461,434 | Add 6.15% | 7.97 M | $282.48 |
| Q2 2019 | -1.19 M | Reduce 14.92% | 6.78 M | $293.00 |
| Q3 2019 | +259,530 | Add 3.83% | 7.04 M | $296.77 |
| Q4 2019 | -48,801 | Reduce 0.69% | 6.99 M | $321.86 |
| Q1 2020 | -3.43 M | Reduce 49.01% | 3.56 M | $257.75 |
| Q2 2020 | +1.48 M | Add 41.57% | 5.05 M | $308.36 |
| Q3 2020 | -1.08 M | Reduce 21.33% | 3.97 M | $334.89 |
| Q4 2020 | -283,029 | Reduce 7.13% | 3.69 M | $373.88 |
| Q1 2021 | -548,244 | Reduce 14.87% | 3.14 M | $396.33 |
| Q2 2021 | -1.16 M | Reduce 37.06% | 1.98 M | $428.06 |
| Q3 2021 | -7,456 | Reduce 0.38% | 1.97 M | $429.14 |
| Q4 2021 | -84,371 | Reduce 4.29% | 1.88 M | $474.96 |
| Q2 2022 | -39,972 | Reduce 2.12% | 1.84 M | $377.25 |
| Q3 2022 | -379,950 | Reduce 20.61% | 1.46 M | $357.18 |
| Q4 2022 | -89,318 | Reduce 6.10% | 1.37 M | $382.43 |
| Q1 2023 | -140,877 | Reduce 10.25% | 1.23 M | $409.39 |
| Q2 2023 | -197,335 | Reduce 16.00% | 1.04 M | $443.28 |
| Q3 2023 | -39,807 | Reduce 3.84% | 995,975 | $427.48 |
| Q4 2023 | -172,724 | Reduce 17.34% | 823,251 | $475.31 |
| Q1 2024 | -108,857 | Reduce 13.22% | 714,394 | $523.07 |
| Q2 2024 | -2,201 | Reduce 0.31% | 712,193 | $544.22 |
| Q3 2024 | +124,772 | Add 17.52% | 836,965 | $573.76 |
| Q4 2024 | +7.4 M | Add 883.56% | 8.23 M | $586.08 |
| Q1 2025 | -4.89 M | Reduce 59.40% | 3.34 M | $559.39 |
| Q2 2025 | -731,882 | Reduce 21.90% | 2.61 M | $617.85 |
| Q3 2025 | -45,272 | Reduce 1.73% | 2.57 M | $666.18 |
Ray Dalio's SPDR S&P 500 ETF Trust Investment FAQs
Ray Dalio first purchased SPDR S&P 500 ETF Trust (SPY) in Q2 2013, acquiring 19,818,900 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 SPDR S&P 500 ETF Trust (SPY) for 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's largest addition to SPDR S&P 500 ETF Trust (SPY) was in Q2 2013, adding 19,818,900 shares worth $3.18 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 2,565,088 shares of SPDR S&P 500 ETF Trust (SPY), valued at approximately $1.71 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, SPDR S&P 500 ETF Trust (SPY) represents approximately 6.69% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's peak holding in SPDR S&P 500 ETF Trust (SPY) was 20,689,200 shares, as reported at the end of Q3 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.