Ray Dalio's Family Office Reveals $500 Million Bet on US Stocks

Ray Dalio’s family office has disclosed its US stock investments for the first time since the pandemic, signaling the billionaire’s focus on the firm after finalizing his exit from the hedge fund behind his fortune. An operating entity for the Bridgewater Associates founder’s namesake investment firm held about $503 million tied up in the stock market of the world’s largest economy at year-end. This is roughly a third higher than the total previously revealed for early 2021.

More than three-quarters of Dalio Family Office’s latest disclosed portfolio in US stocks was allocated to an exchange-traded fund tracking the price of gold. Smaller positions were also made in similar entities for US Treasuries and the benchmark S&P 500 Index. Before this year, Dalio Family Office only disclosed US stock investments for two gold-related ETFs.

Dalio, 76, is forging the next chapter of a career after recently completing long-discussed plans to cut his ties to Bridgewater, the hedge fund he founded in 1975. He sold the remainder of his stake in the Westport, Connecticut-based hedge fund last year and left its board.

Why Did This Move Happen?

Dalio told Bloomberg in late 2025 he’d taken over running investments at his family office, doing so following the unexpected departure the year before of a former Wall Street executive who had filled that job. He’s since brought on Steven Kryger to help oversee investments. Kryger spent more than a decade at Bridgewater, where his roles included leading Dalio’s research team.

Kryger, who cites his role as co-CIO for a family office’s global macro strategy, recently posted job openings on LinkedIn for Dalio’s investment firm. These include a position for an associate in a "small" global macro team to collaborate closely with the US billionaire.

What Are the Broader Implications?

Dalio Family Office helps manage the billionaire’s private investments and charitable donations to causes like ocean exploration. His Dalio Philanthropies has distributed more than $7 billion since it was founded in 2003.

Headed by longtime CEO Janine Racanelli, Dalio’s family office opened a branch in Abu Dhabi in recent years as part of the billionaire’s deeper push into the Middle East. It has sought to add investment, tax planning and technology staff at its other hubs in the US and Singapore.

What Are Analysts Watching Next?

A representative for Dalio, whose net worth is about $20.1 billion, declined to comment. Analysts and investors are likely monitoring how the firm’s strategic decisions evolve in this new chapter for the billionaire. With a focus on macro strategy and global assets, the investment choices of Dalio Family Office may offer insights into broader market sentiment and long-term positioning.

The firm’s expansion into Abu Dhabi and its recent hiring activity suggest a focus on diversification and long-term planning. Investors may also watch for signals on how Dalio’s views on gold, Treasuries, and equity indices could evolve as part of a broader portfolio strategy.