Ray Dalio's Bridgewater Associates significantly increased its position in Shell PLC during the second quarter of 2026, boosting its holding by nearly 390% to 1.53 million shares. According to an SEC filing dated August 14, 2026, the value of the firm's stake jumped from $29.03 million to $118.34 million as of June 30. This disclosure provides a delayed look at the hedge fund's portfolio changes, reflecting trades made sometime during the prior quarter.
The move coincided with a strong quarter for Shell, which reported soaring revenue and earnings, and announced a new $3 billion share buyback program. The energy sector saw significant price volatility and rising crude prices during the period, a market dynamic that major macro investors like Dalio monitor closely.