D.E. Shaw & Co Portfolio holdings
D. E. Shaw & Co., L.P., founded in 1988 by David E. Shaw, a former Columbia University computer science professor, is a New York City-based global investment management firm renowned for pioneering quantitative investing, managing over $70 billion in assets as of late 2024. Starting with $28 million from Paloma Partners and private investors, the firm employs sophisticated mathematical models and proprietary algorithms—initially developed by a team of scientists and programmers—to exploit market anomalies across public and private markets, including equities, fixed income, and alternatives. Headquartered above a Greenwich Village bookstore in its early days, it now boasts over 2,500 employees across offices in North America, Europe, and Asia, led by a seven-member Executive Committee since Shaw stepped back in 2001 to focus on D. E. Shaw Research. Despite setbacks like the 1998 Russia debt crisis and the 2008 financial downturn, the firm has maintained a reputation for analytical rigor, risk management, and innovation, balancing its computational roots with discretionary strategies.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.9B |
| 2 |
Broadcom
AVGO
|
+$1.07B |
| 3 |
NVIDIA
NVDA
|
+$908M |
| 4 |
Meta Platforms (Facebook)
META
|
+$861M |
| 5 |
Intuitive Surgical
ISRG
|
+$666M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.68B |
| 2 |
Apple
AAPL
|
+$1.31B |
| 3 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$789M |
| 4 |
GE Aerospace
GE
|
+$653M |
| 5 |
Applovin
APP
|
+$634M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.25% |
| 2 | Consumer Discretionary | 7.51% |
| 3 | Financials | 7.11% |
| 4 | Healthcare | 6.95% |
| 5 | Industrials | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Consolidated Edison
ED
$40.4B
| $82.9M | 0.05% |
824,594
-153,095
| -16% | -$15.4M |
|
427
CALL
Texas Instruments
TXN
$255B
| $82.8M | 0.05% |
450,800
+136,900
| +44% | +$26.8M |
|
428
CALL
Datadog
DDOG
$95.6B
| $82.3M | 0.05% |
577,700
-163,600
| -22% | -$22.5M |
|
429
DoorDash
DASH
$86.1B
| $81.2M | 0.05% |
298,570
-388,464
| -57% | -$97.4M |
|
430
Annaly Capital Management
NLY
$17.3B
| $81.2M | 0.05% |
4,017,540
-2,705,518
| -40% | -$56.1M |
|
431
PUT
SoFi Technologies
SOFI
$21.1B
| $80.8M | 0.05% |
3,060,000
+823,400
| +37% | +$19.5M |
|
432
lululemon athletica
LULU
$13.6B
| $80.6M | 0.05% |
452,767
+388,220
| +601% | +$77.8M |
|
433
Vanguard Real Estate ETF
VNQ
$39.4B
| $80.2M | 0.05% |
877,534
+293,697
| +50% | +$26.6M |
|
434
Cisco
CSCO
$448B
| $80M | 0.05% |
1,168,827
-99,978
| -8% | -$6.81M |
|
435
CALL
Marathon Digital Holdings
MARA
$4.51B
| $79.9M | 0.05% |
+4,375,200
| New | +$73.7M |
|
436
CALL
Live Nation Entertainment
LYV
$42.7B
| $79.9M | 0.05% |
488,900
+343,400
| +236% | +$54.3M |
|
437
PUT
Costco
COST
$423B
| $79.8M | 0.05% |
86,200
+83,300
| +2,872% | +$79.8M |
|
438
Atmus Filtration Technologies
ATMU
$4.22B
| $79.7M | 0.05% |
1,768,474
-427,365
| -19% | -$17.9M |
|
439
PUT
Suncor Energy
SU
$78.8B
| $79.3M | 0.04% |
1,895,000
+179,200
| +10% | +$7.19M |
|
440
PUT
Ford
F
$59.3B
| $79.2M | 0.04% |
6,625,000
-78,400
| -1% | -$903K |
|
441
CALL
Royal Bank of Canada
RY
$292B
| $78.8M | 0.04% |
534,700
+250,000
| +88% | +$34.5M |
|
442
United Parcel Service
UPS
$89.5B
| $78.7M | 0.04% |
942,684
-233,715
| -20% | -$21.2M |
|
443
Caterpillar
CAT
$373B
| $78.1M | 0.04% |
163,619
-82,993
| -34% | -$35.4M |
|
444
RH
RH
$3.15B
| $78.1M | 0.04% |
384,272
+361,168
| +1,563% | +$78.5M |
|
|
445
PUT
Texas Instruments
TXN
$255B
| $77.9M | 0.04% |
424,100
-115,100
| -21% | -$22.5M |
|
446
PUT
Affirm
AFRM
$24.5B
| $77.8M | 0.04% |
1,064,500
+12,000
| +1% | +$913K |
|
447
Aflac
AFL
$64.8B
| $77.2M | 0.04% |
691,070
+108,988
| +19% | +$11.4M |
|
448
Urban Outfitters
URBN
$6.49B
| $77.1M | 0.04% |
1,079,930
-1,533,664
| -59% | -$113M |
|
449
CALL
Bank of Montreal
BMO
$125B
| $77M | 0.04% |
591,100
| – | – |
|
450
CALL
GE Vernova
GEV
$262B
| $77M | 0.04% |
125,200
+59,300
| +90% | +$35.9M |
|
Similar funds
D.E. Shaw & Co's Q3 2025 Portfolio in Review
As of Q3 2025, D.E. Shaw & Co held 5,023 positions worth $177B, up 26% from $141B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
D.E. Shaw & Co deployed $15.2B of net new capital in Q3 2025, opening 714 new positions and adding to 1,743 existing holdings. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 3,319,000 shares worth $370M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.68B trimmed.
- D.E. Shaw & Co's largest Q3 2025 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 3,319,000 shares worth $370M.
- D.E. Shaw & Co added most to Microsoft in Q3 2025, an estimated $1.9B increase.
- D.E. Shaw & Co's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.68B.
- D.E. Shaw & Co fully exited Hess in Q3 2025, selling an estimated $527M.
- D.E. Shaw & Co's ten largest holdings make up 13% of its $177B portfolio in Q3 2025.
- D.E. Shaw & Co opened 714 new positions and closed 514 in Q3 2025.
- D.E. Shaw & Co's portfolio value rose 26% quarter-over-quarter to $177B.
Based on D.E. Shaw & Co's 13F filing for Q3 2025, filed 14 Nov 2025.