In this article, we will take a look at 13 Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates.
“Expect deeper structural problems”. That was the sentiment echoed by Ray Dalio, the founder of the world’s largest hedge fund by assets under management, Bridgewater Associates. The billionaire investor made the remarks as US President Donald Trump unleashed a wave of chaos in the markets by reigniting trade tensions.
“We’re seeing a classic breakdown of the major monetary, political and geopolitical orders,” Dalio wrote in response to the US waging a tariff war against some of its biggest allies.
Dalio is a firm believer that the global economic order is breaking down due to unsustainable debt and deep trade imbalances. Likewise, he has warned of the risk that political democracies will break under the weight of significant gaps in people’s educational attainment, income, and opportunities. Similarly, soaring tensions amid new international geopolitical orders pose a substantial threat to equity markets.
Amid the uncertainty, the legendary investor has highlighted the importance of diversification to protect a portfolio from ongoing risks. Dalio insists on the need for gold as a standard market hedge.
“People don’t have, typically, an adequate amount of gold in their portfolio,” he said. “When bad times come, gold is a very effective diversifier.”
While Dalio insists that a well-diversified portfolio should allocate between 10% and 15% to gold, Bridgewater Associates has sought to spread risk across various sectors. Consequently, the hedge fund has significant holdings in the technology sector; it has also diversified into services, financials, healthcare, and basic materials, among others.
Diversification was the catalyst behind Bridgewater Associates’ flagship fund, Pure Alpha, which returned 11.2% in 2024, while the China Total Return fund returned 35%. The flagship fund returned 9.9% in the first quarter of 2025, even as Bridgewater Associates slashed its assets under management by 18.1% last year.
The 50-year-old fund, which has been in a reboot since Nir Bar Dea took over from Ray Dalio in 2023, is on track for its biggest gain since 2010. Its flagship fund climbed 26.4% in the first nine months of the year, bolstered by surging US stocks and volatility in bond and currency markets.
While Dalio gave up control of Bridgewater Associates upon stepping down as co-chief investment officer, the fund continues to make waves with its robust, diversified portfolio. With that in mind, let’s take a look at the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates.
Ray Dalio of Bridgewater Associates
Our Methodology
We analyzed Bridgewater Associates’ 13F holdings for Q2 2025 to identify its latest top stock positions. We considered the fund’s stake in each company based on data from Insider Monkey’s Q2 2025 13F filings database. We have also added the performance of each stock from the end of Q2 2025 (June 30) to October 10 to give readers insight into whether the hedge fund was right or wrong about betting on the stocks. Finally we ranked the stocks in ascending order based on the value of Bridgewater Associates’ equity stake in each stock.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates
13. Fiserv, Inc. (NYSE:FI)
Bridgewater Associates Stake: $217,559,524
Stock Performance Since Q2 2025: -26.94%
Number of Hedge Fund Holders: 94
Fiserv, Inc. (NYSE:FI) is one of the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates. On October 8, Fiserv, Inc. (NYSE:FI) launched the Roughrider coin in partnership with the Bank of North Dakota. Roughrider is a stablecoin – fully backed by US dollars – and will be available to credit unions and banks in North Dakota starting in 2026. It is also North Dakota’s first stablecoin.
The stablecoin will run on Fiserv’s digital asset platform, which was announced in June alongside its “white-label” stablecoin called FIUSD. The platform targets regulated banking environments, where users want secure, efficient, and interoperable payment flows. The coin is interoperable with other stablecoins to help create a modern digital payments ecosystem for financial institutions. The initiative is intended to enable secure bank-to-bank transactions, support global money movement, and drive merchant adoption within North Dakota.
The Roughrider Coin is named after Theodore Roosevelt’s military unit and honors the Bank of North Dakota’s historic role as the only state-owned bank in the nation. Since the launch, North Dakota has become the second US state to issue a government-backed stablecoin.
Fiserv, Inc. (NYSE:FI) is a financial technology company. It provides digital banking, payment processing, merchant acquiring, and financial services solutions to banks, credit unions, and businesses worldwide. The company’s key platforms include Clover and Carat.
12. PayPal Holdings, Inc. (NASDAQ:PYPL)
Bridgewater Associates Stake: $233,925,247
Stock Performance Since Q2 2025: 1.92%
Number of Hedge Fund Holders: 89
PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates. On October 7, PayPal Holdings, Inc. (NASDAQ:PYPL) launched PayPal Ads Manager, a new platform that lets small businesses using the PayPal service display targeted ads on their websites and apps. This way, the companies can earn ad revenue directly from their store traffic. The platform is zero-cost for merchants, with no upfront costs or minimum commitments required to participate.
Small businesses can opt in, quickly integrate PayPal’s SDK into their websites, and select advertising preferences. Ads Manager uses PayPal’s purchase data and AI-driven tools to match ads with high-intent shoppers. Performance can be managed through the familiar PayPal Merchant Portal. And ad revenue is deposited directly into PayPal merchant accounts, which businesses can use to fund operations, marketing, or other expenses.
The service rolls out in the US in early 2026, with expansion to the United Kingdom and Germany planned.
PayPal Holdings, Inc. (NASDAQ:PYPL) is a global digital payments company. It operates a technology platform that enables consumers and merchants to send, receive, and manage payments across nearly 200 markets and in over 100 currencies. Its core services include PayPal, Venmo, Braintree, and Xoom.
