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 | |
|---|---|---|---|---|---|---|
751
Hecla Mining
HL
$9.47B
| $37.9M | 0.02% |
3,135,380
-6,476,858
| -67% | -$52M |
|
752
Revolution Medicines
RVMD
$39.9B
| $37.9M | 0.02% |
812,279
+152,147
| +23% | +$5.96M |
|
753
PUT
Humana
HUM
$43.7B
| $37.8M | 0.02% |
145,200
+32,500
| +29% | +$8.55M |
|
754
CALL
British American Tobacco
BTI
$131B
| $37.7M | 0.02% |
710,600
+238,900
| +51% | +$13M |
|
755
PUT
JPMorgan Chase
JPM
$935B
| $37.6M | 0.02% |
119,300
+45,600
| +62% | +$13.6M |
|
|
NBIS
756
PUT
Nebius Group N.V.
NBIS
$48.3B
| $37.5M | 0.02% |
334,400
+189,400
| +131% | +$13.1M |
|
757
PUT
On Holding
ONON
$12.1B
| $37.5M | 0.02% |
886,100
+632,200
| +249% | +$30.1M |
|
758
iQIYI
IQ
$1.23B
| $37.5M | 0.02% |
14,653,879
-486,682
| -3% | -$1.08M |
|
759
Porch Group
PRCH
$1.64B
| $37.5M | 0.02% |
2,233,629
+1,472,509
| +193% | +$22.6M |
|
760
BJs Wholesale Club
BJ
$12.5B
| $37.5M | 0.02% |
401,683
+267,371
| +199% | +$27.3M |
|
|
ARES.PRB
761
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.23B
| $37.2M | 0.02% |
+747,250
| New | +$41.4M |
|
762
PUT
Verizon
VZ
$195B
| $37.2M | 0.02% |
846,700
+721,000
| +574% | +$31.2M |
|
763
Shopify
SHOP
$152B
| $37.2M | 0.02% |
250,343
-69,008
| -22% | -$9.36M |
|
764
Check Point Software Technologies
CHKP
$13B
| $37.1M | 0.02% |
179,184
-102,945
| -36% | -$20.7M |
|
765
Novavax
NVAX
$1.2B
| $37.1M | 0.02% |
4,274,079
+333,119
| +8% | +$2.59M |
|
766
iShares MSCI Germany ETF
EWG
$1.59B
| $36.9M | 0.02% |
887,324
-407,125
| -31% | -$17.1M |
|
767
Ecolab
ECL
$78.1B
| $36.8M | 0.02% |
134,495
-256,794
| -66% | -$69.8M |
|
768
CALL
Rocket Companies
RKT
$36.5B
| $36.8M | 0.02% |
1,898,635
+1,700,435
| +858% | +$29.7M |
|
769
Dentsply Sirona
XRAY
$2.68B
| $36.8M | 0.02% |
2,896,859
+1,669,643
| +136% | +$24.2M |
|
|
KKR.PRD
770
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.25B
| $36.7M | 0.02% |
704,000
-450,000
| -39% | -$25.2M |
|
771
Constellium
CSTM
$3.76B
| $36.5M | 0.02% |
2,450,623
+171,961
| +8% | +$2.46M |
|
772
Amgen
AMGN
$208B
| $36.4M | 0.02% |
128,859
-496,222
| -79% | -$144M |
|
773
Sysco
SYY
$40.8B
| $36.3M | 0.02% |
441,158
+19,497
| +5% | +$1.56M |
|
774
Graphic Packaging
GPK
$3.17B
| $36.3M | 0.02% |
+1,854,797
| New | +$40.3M |
|
775
Owens Corning
OC
$11.2B
| $36.3M | 0.02% |
256,283
-43,366
| -14% | -$6.36M |
|
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.