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Ray Dalio's Pfizer Inc. (PFE) position

Not anymore: Ray Dalio fully exited PFE in Q3 2025. The position peaked at $172M in Q1 2022.
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Value at exit
$25M
Shares at exit
1.0M
Est. average buy price (i)
$26.49
est. since Q1 2021
Quarter-end price
$24.24

Estimated trade prices

Average price in quarters with purchases
$42.64
Average prices in quarters with sales
  • Q2 2025: $23.32 (641K shares sold)
  • Q3 2024: $29.17 (24K shares sold)
  • Q2 2024: $27.53 (40K shares sold)
  • Q1 2024: $27.75 (1.2M shares sold)
  • Q4 2023: $30.23 (338K shares sold)
  • Q3 2023: $35.36 (166K shares sold)
  • Q1 2023: $43.19 (1.1M shares sold)
  • Q4 2022: $47.94 (102K shares sold)
  • Q3 2022: $48.59 (179K shares sold)
  • Q2 2022: $50.96 (296K shares sold)

PFE price vs Dalio's position

Dates
$20$40$60$8020222023202420252026Added 4K shares (2.5%) · Q3 2021. Average closing price $44.30 · Price range $39.25–$50.424KsharespurchasedAdded 567K shares (343.2%) · Q4 2021. Average closing price $49.55 · Price range $41.32–$61.25567KsharespurchasedAdded 2.6M shares (352.3%) · Q1 2022. Average closing price $51.89 · Price range $45.75–$56.692.6MsharespurchasedSold 296K shares (8.9%) · Q2 2022. Average closing price $50.96 · Price range $46.53–$55.17296KsharessoldSold 179K shares (5.9%) · Q3 2022. Average closing price $48.59 · Price range $43.76–$53.42179KsharessoldSold 102K shares (3.6%) · Q4 2022. Average closing price $47.94 · Price range $41.75–$54.48102KsharessoldSold 1.1M shares (38.8%) · Q1 2023. Average closing price $43.19 · Price range $39.39–$51.261.1MsharessoldAdded 111K shares (6.6%) · Q2 2023. Average closing price $38.92 · Price range $36.12–$41.79111KsharespurchasedSold 166K shares (9.3%) · Q3 2023. Average closing price $35.36 · Price range $32.09–$37.51166KsharessoldSold 338K shares (20.9%) · Q4 2023. Average closing price $30.23 · Price range $26.13–$33.94338KsharessoldSold 1.2M shares (94.1%) · Q1 2024. Average closing price $27.75 · Price range $25.89–$29.731.2MsharessoldSold 40K shares (53.1%) · Q2 2024. Average closing price $27.53 · Price range $25.26–$29.6040KsharessoldSold 24K shares (66.6%) · Q3 2024. Average closing price $29.17 · Price range $27.70–$31.3924KsharessoldAdded 262K shares (over 1,000%) · Q4 2024. Average closing price $27.12 · Price range $24.80–$30.19262KsharespurchasedAdded 1.4M shares (503.8%) · Q1 2025. Average closing price $26.17 · Price range $25.01–$27.131.4MsharespurchasedSold 641K shares (38.8%) · Q2 2025. Average closing price $23.32 · Price range $21.59–$24.84641Ksharessold← Earlier —1 purchase
Average closing price · filing quarter
$23.32
Price range · filing quarter
$21.59 – $24.84

Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q3 2025 Exited −1.0M −$25M −100.0% 0 Nov 13, 2025
Q2 2025 Reduced −641K −$15M −38.8% 1.0M Aug 13, 2025
Q1 2025 Added +1.4M +$36M +503.8% 1.7M May 14, 2025
Q4 2024 Added +262K +$7.1M +2,211.5% 274K Feb 13, 2025
Q3 2024 Reduced −24K −$688K −66.6% 12K Nov 13, 2024
Q2 2024 Reduced −40K −$1.1M −53.1% 35K Aug 14, 2024
Q1 2024 Reduced −1.2M −$33M −94.1% 76K May 14, 2024
Q4 2023 Reduced −338K −$10M −20.9% 1.3M Feb 14, 2024
Q3 2023 Reduced −166K −$5.9M −9.3% 1.6M Nov 13, 2023
Q2 2023 Added +111K +$4.3M +6.6% 1.8M Aug 11, 2023
Q1 2023 Reduced −1.1M −$46M −38.8% 1.7M May 12, 2023
Q4 2022 Reduced −102K −$4.9M −3.6% 2.7M Feb 13, 2023
Q3 2022 Reduced −179K −$8.7M −5.9% 2.8M Nov 10, 2022
Q2 2022 Reduced −296K −$15M −8.9% 3.0M Aug 11, 2022
Q1 2022 Added +2.6M +$134M +352.3% 3.3M May 13, 2022
Q4 2021 Added +567K +$28M +343.2% 733K Feb 14, 2022
Q3 2021 Added +4K +$176K +2.5% 165K Nov 12, 2021
Q2 2021 Added +154K +$6.0M +2,055.0% 161K Aug 13, 2021
Q1 2021 First covered 7K May 14, 2021
Data through Q3 2025 · filed Nov 13, 2025
19 grouped rows from 19 quarters

More Dalio positions

Common questions

Does Ray Dalio own PFE?

Not currently. Ray Dalio fully exited PFE in Q3 2025, and the complete history is above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy PFE?

Ray Dalio held PFE since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell PFE?

Yes. Ray Dalio reduced and then fully exited PFE by Q3 2025; the reductions are in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of PFE does Ray Dalio own?

None as of the latest filing: Ray Dalio has exited PFE. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for PFE?

Ray Dalio began building the PFE position before our 13F history starts, so an exact average buy price cannot be estimated without understating it. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.