Bridgewater Associates, led by Ray Dalio, significantly reduced its holding in Marvell Technology by over 90% during the second quarter of 2026. According to regulatory filings, the firm's stake dropped from 1.95 million shares to just over 181,000. This information comes from a delayed 13F report, which was filed on August 14 but reflects the firm's portfolio as of June 30.
The move marks a sharp reversal from the first quarter of 2026, when Bridgewater had notably increased its position in the semiconductor company. While the firm has not commented on this specific trade, Ray Dalio had issued public warnings earlier in the year about a potential bubble forming in the artificial intelligence sector. The sale reduced Marvell's weight in Bridgewater's reported portfolio from 0.86% to 0.22%.