Bridgewater Associates, founded by Ray Dalio, significantly reduced its holding in Alphabet Inc. by approximately 81% during the second quarter of 2026. According to the firm's quarterly 13F filing, which discloses positions held as of June 30, the stake was cut from over 387,000 shares to about 74,000. These mandatory disclosures are filed with a delay, so the trades occurred sometime between April and June.
While Bridgewater has not commented specifically on this trade, founder Ray Dalio had voiced concerns earlier in 2026 about a potential bubble in the AI sector and high market concentration. The firm's Q2 filing also showed a preference for broad-market ETFs, suggesting a more cautious stance on individual tech stocks amid market volatility. The reduction in Alphabet comes as the tech giant reported a significant cash burn for the same quarter, driven by heavy investment in AI infrastructure.