5 Best Stocks to Buy According to Billionaire Ray Dalio

3. Salesforce, Inc. (NYSE:CRM)

Bridgewater Associates’ Stake: $512 Million

Salesforce, Inc. (NYSE:CRM) has featured in the 13F portfolio of Bridgewater Associates since late 2011. Back then, the position was a small one, consisting of just 34,000 shares. Dalio started buying up the stock again in 2024, growing the number of shares owned by his fund from 170,000 in the first quarter of 2024 to close to 2 million at the end of the fourth quarter of 2025. In six of the last eight quarters, the fund has loaded up on the stock. The two other quarters in which this position was reduced, including the fourth quarter of 2025, represent minor reductions compared to the buying activity.

Salesforce, Inc. (NYSE:CRM) has attracted interest from elite hedge funds because of three primary reasons over the course of the past decade and a half. These are an aggressive capital return strategy, a successful Agentic AI pivot, and a transition into a high-margin value play. For example, in March 2026, Salesforce authorized a historic $25 billion share buyback program, which is the first half of a total $50 billion authorization. Salesforce has also integrated AI directly into customer clouds, thus protecting itself against AI disruption as clients find it harder to switch to competitors without losing integrated data. Over 80% of Salesforce shares are owned by institutional investors, indicating that the firm is viewed by many as a bridge between traditional software and the new AI economy.