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 | |
|---|---|---|---|---|---|---|
1076
PUT
Abercrombie & Fitch
ANF
$4.42B
| $21M | 0.01% |
246,000
-69,500
| -22% | -$6.48M |
|
1077
AvePoint
AVPT
$2.76B
| $21M | 0.01% |
1,400,756
+869,861
| +164% | +$14.6M |
|
1078
CALL
Valero Energy
VLO
$90.1B
| $20.9M | 0.01% |
123,000
+106,500
| +645% | +$15.9M |
|
1079
Innovative Industrial Properties
IIPR
$1.71B
| $20.8M | 0.01% |
388,129
+82,997
| +27% | +$4.51M |
|
1080
Progyny
PGNY
$2.44B
| $20.8M | 0.01% |
964,928
-717,922
| -43% | -$16.3M |
|
1081
CALL
Elevance Health
ELV
$81.5B
| $20.7M | 0.01% |
64,200
+55,100
| +605% | +$17.1M |
|
1082
PUT
Roku
ROKU
$21.5B
| $20.6M | 0.01% |
206,100
-156,800
| -43% | -$14.5M |
|
1083
Delta Air Lines
DAL
$57.5B
| $20.6M | 0.01% |
363,281
-50,431
| -12% | -$2.88M |
|
1084
Okta
OKTA
$24.7B
| $20.6M | 0.01% |
224,702
-32,059
| -12% | -$2.99M |
|
1085
CALL
Toast
TOST
$18.7B
| $20.6M | 0.01% |
564,100
+268,400
| +91% | +$11.7M |
|
1086
IQVIA
IQV
$38.7B
| $20.6M | 0.01% |
108,201
-328,478
| -75% | -$59.7M |
|
1087
Fox Class A
FOXA
$24.5B
| $20.5M | 0.01% |
325,152
-20,484
| -6% | -$1.19M |
|
1088
PUT
AES
AES
$10.5B
| $20.5M | 0.01% |
1,556,200
-537,300
| -26% | -$6.98M |
|
1089
RLI Corp
RLI
$5.62B
| $20.5M | 0.01% |
313,915
+172,120
| +121% | +$11.6M |
|
1090
Array Technologies
ARRY
$803M
| $20.5M | 0.01% |
2,510,560
+1,141,112
| +83% | +$8.64M |
|
1091
Gibraltar Industries
ROCK
$1.25B
| $20.4M | 0.01% |
325,487
-33,007
| -9% | -$2.07M |
|
1092
Newell Brands
NWL
$2.38B
| $20.3M | 0.01% |
3,874,938
+2,838,071
| +274% | +$16.1M |
|
1093
PUT
ConocoPhillips
COP
$147B
| $20.2M | 0.01% |
214,000
-313,100
| -59% | -$29.6M |
|
1094
Turning Point Brands
TPB
$1.45B
| $20.2M | 0.01% |
204,036
-25,846
| -11% | -$2.34M |
|
|
PRO
1095
DELISTED
PROS Holdings
PRO
| $20.2M | 0.01% |
879,944
+127,703
| +17% | +$2.08M |
|
1096
CALL
Rubrik
RBRK
$14.9B
| $20.1M | 0.01% |
244,800
+190,600
| +352% | +$16.4M |
|
|
FITB
1097
Fifth Third Bancorp
FITB
$51.2B
| $20.1M | 0.01% |
450,627
-698,124
| -61% | -$30.6M |
|
1098
Fortis
FTS
$29B
| $20.1M | 0.01% |
395,445
+248,496
| +169% | +$12.2M |
|
1099
CALL
Pembina Pipeline
PBA
$28.4B
| $20M | 0.01% |
495,700
+165,700
| +50% | +$6.25M |
|
|
AXON
1100
CALL
Axon Enterprise
AXON
$42.5B
| $20M | 0.01% |
27,900
-100
| -0.4% | -$75.9K |
|
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.