The Dalio family office disclosed its investments in the U.S. stock market for the first time since the pandemic on Thursday. Media analysis suggests that this move indicates Dalio is shifting his focus to family office operations after stepping down from Bridgewater.
According to the 13F regulatory filing, as of the end of last year, an operating entity under Dalio's investment company held approximately $503 million in assets in the U.S. stock market. This figure is about one-third higher than the data disclosed at the beginning of 2021.
The filing shows that over three-quarters of the Dalio family office's latest disclosed U.S. stock investment portfolio is allocated to an exchange-traded fund (ETF) that tracks gold prices. Additionally, it holds smaller positions in U.S. Treasury bond ETFs and the S&amp;P 500 index ETF.
Before this year, the Dalio family office had only disclosed holdings in two gold-related ETFs. However, the latest disclosure includes nearly 12 holdings, including ETFs investing in developed and emerging markets.
According to the billionaire index compiled by the media, Dalio currently has a net worth of approximately $20.1 billion.
<h2>After exiting Bridgewater, fully committed to family investment management</h2>
At 76 years old, Dalio is embarking on a new chapter in his career. He has just completed a long-planned separation from Bridgewater Associates. Dalio founded Bridgewater in 1975 in a two-bedroom apartment in New York, starting as a commodities trader and building the company into the world's largest hedge fund.
Last year, Dalio sold his remaining shares in Bridgewater located in Westport, Connecticut, and stepped down from the board. Meanwhile, a sovereign wealth fund from Brunei invested in Bridgewater. Dalio first announced his succession plan over a decade ago, but only truly relinquished control in 2022. That year, he transferred voting rights to the board and stepped down as one of the three co-chief investment officers.
In an interview with the media at the end of 2025, Dalio stated that he has resumed management of the family office's investments. The previous year, a former Wall Street executive who held that position unexpectedly left. Subsequently, Dalio hired Steven Kryger to assist in managing investments. Kryger worked at Bridgewater for over ten years and led Dalio's research team.
Kryger currently identifies himself as the co-chief investment officer for global macro strategy at the Dalio family office. He recently posted job openings on LinkedIn to recruit talent for Dalio's investment company, including a deputy position for a small global macro team, requiring collaboration with Dalio. Last year, Dalio also hired senior JP Morgan executive Alma DeMetropolis as the deputy CEO of the family office.
The Dalio family office is responsible for managing his private investments and charitable donations. Dalio supports ocean exploration through the nonprofit organization OceanX. Since its establishment in 2003, the Dalio Foundation has distributed over $7 billion.
Under the long-term leadership of CEO Janine Racanelli, the Dalio family office has recently established a branch in Abu Dhabi, which is part of Dalio's increased focus on the Middle East
Family offices are expanding their investment, tax planning, and technology-related personnel in office centers in the United States and Singapore

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The Dalio family office disclosed its U.S. stock investment situation for the first time since the pandemic. As of the end of last year, it held approximately $503 million in the U.S. stock market, an increase of about one-third compared to the beginning of 2021. More than three-quarters of the funds are allocated to gold ETFs, while the remainder is diversified into U.S. Treasury bonds and assets such as the S&P 500 index. Analysts say this move indicates that after exiting Bridgewater, Dalio is focusing on the investment business of the family office

- Ray Dalio's family office disclosed its U.S. stock market investments for the first time since the pandemic, indicating a shift in focus after his exit from Bridgewater.  
- As of the end of last year, they held approximately $503 million in U.S. assets, primarily allocated to a gold price-tracking ETF, with holdings now nearing 12 ETFs.  
- Dalio, who has resumed management of the family office, emphasizes personal investment and philanthropy, with notable expansions in locations like Abu Dhabi and teams for macroeconomic strategy.

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Dalio Family Office heavily invests in gold! After completely exiting Bridgewater, it first reveals its U.S. stock holdings, which have increased to $500 million