Ray Dalio's family office disclosed its U.S. stock investments for the first time since the pandemic on Thursday. Analysis suggests this move indicates Dalio is focusing on his family office operations after his departure from Bridgewater Associates.

According to a 13F regulatory filing, an operating entity under Dalio's investment company held approximately $503 million in U.S. stock market assets as of the end of last year. This represents an increase of about one-third compared to the figure disclosed in early 2021.

The filing reveals that over three-quarters of the newly disclosed U.S. stock portfolio is allocated to an ETF that tracks the price of gold. The portfolio also includes smaller holdings in a U.S. Treasury bond ETF and an S&P 500 index ETF.

Prior to this year, Dalio's family office had only disclosed holdings in two gold-related ETFs. The latest disclosure, however, shows holdings in nearly 12 different ETFs, including those focused on both developed and emerging markets.

According to a media-compiled billionaire index, Ray Dalio's current net worth is approximately $20.1 billion.

The 76-year-old Dalio is embarking on a new chapter in his career. He recently finalized a long-planned separation from Bridgewater, the hedge fund he founded in 1975 in a two-bedroom apartment in New York. Starting as a commodities trader, Dalio built the firm into the world's largest hedge fund.

Last year, Dalio sold his remaining stake in the Westport, Connecticut-based Bridgewater and stepped down from its board. Concurrently, a sovereign wealth fund from Brunei invested in the firm. Dalio first announced succession plans over a decade ago but only relinquished control in 2022, when he transferred his voting rights to the board and stepped down from his role as one of three co-chief investment officers.

In a late 2025 media interview, Dalio stated he had resumed direct oversight of the investment management for his family office. This followed the unexpected departure a year prior of a former Wall Street executive who had held the position. Subsequently, Dalio hired Steven Kryger to assist in managing investments. Kryger, who worked at Bridgewater for over a decade, previously led Dalio's research team.

Kryger now identifies as a co-chief investment officer for global macro strategy at Dalio's family office. He recently posted a recruitment notice on LinkedIn seeking talent for Dalio's investment company, including a deputy role for a small global macro team requiring collaboration with Dalio. Last year, Dalio also hired JPMorgan veteran Alma DeMetropolis as deputy CEO of the family office.

Dalio's family office manages his private investments and philanthropic donations. Dalio supports ocean exploration through the non-profit organization OceanX. Since its establishment in 2003, the Dalio Foundation has distributed over $7 billion in grants.

Under the leadership of long-time CEO Janine Racanelli, Dalio's family office has recently established a branch in Abu Dhabi, part of Dalio's increased focus on the Middle East. The family office has also been expanding its investment, tax planning, and technology staff at its offices in the United States and Singapore.