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 |
GE Aerospace
GE
|
+$570M |
| 2 |
Meta Platforms (Facebook)
META
|
+$469M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$342M |
| 4 |
Merck
MRK
|
+$322M |
| 5 |
MON
Monsanto Co
MON
|
+$249M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$434M |
| 2 |
Netflix
NFLX
|
+$301M |
| 3 |
Alibaba
BABA
|
+$245M |
| 4 |
Verizon
VZ
|
+$235M |
| 5 |
Tesla
TSLA
|
+$230M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.27% |
| 2 | Healthcare | 11.28% |
| 3 | Consumer Discretionary | 8.99% |
| 4 | Communication Services | 8.03% |
| 5 | Industrials | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXAS
1101
CALL
DELISTED
Exact Sciences
EXAS
| $8.41M | 0.01% |
160,000
+27,900
| +21% | +$1.49M |
|
1102
Raymond James Financial
RJF
$33.3B
| $8.4M | 0.01% |
141,125
+31,289
| +28% | +$1.8M |
|
1103
Jabil
JBL
$32.6B
| $8.4M | 0.01% |
319,958
+67,078
| +27% | +$1.9M |
|
1104
PUT
Kinder Morgan
KMI
$70.6B
| $8.39M | 0.01% |
464,600
+38,100
| +9% | +$684K |
|
1105
Kennametal
KMT
$2.69B
| $8.39M | 0.01% |
173,383
+116,016
| +202% | +$5.17M |
|
1106
PUT
American Tower
AMT
$77.7B
| $8.39M | 0.01% |
58,800
+4,800
| +9% | +$685K |
|
1107
CALL
Weibo
WB
$1.92B
| $8.34M | 0.01% |
80,640
+48,360
| +150% | +$5M |
|
1108
CALL
Philip Morris
PM
$305B
| $8.34M | 0.01% |
78,900
| – | – |
|
1109
Vulcan Materials
VMC
$36.9B
| $8.33M | 0.01% |
+64,867
| New | +$7.93M |
|
|
CXO
1110
CALL
DELISTED
CONCHO RESOURCES INC.
CXO
| $8.32M | 0.01% |
+55,400
| New | +$7.7M |
|
|
ZEN
1111
DELISTED
ZENDESK INC
ZEN
| $8.32M | 0.01% |
245,784
+75,832
| +45% | +$2.48M |
|
1112
Gibraltar Industries
ROCK
$1.36B
| $8.3M | 0.01% |
251,415
+121,095
| +93% | +$3.87M |
|
|
OSB
1113
DELISTED
Norbord Inc.
OSB
| $8.3M | 0.01% |
245,275
+101,268
| +70% | +$3.62M |
|
1114
Matador Resources
MTDR
$5.86B
| $8.29M | 0.01% |
+266,390
| New | +$7.31M |
|
1115
Brinker International
EAT
$8.38B
| $8.29M | 0.01% |
213,300
+86,275
| +68% | +$2.98M |
|
1116
Sensient Technologies
SXT
$5.32B
| $8.28M | 0.01% |
113,171
+90,875
| +408% | +$6.93M |
|
|
EXAS
1117
PUT
DELISTED
Exact Sciences
EXAS
| $8.25M | 0.01% |
157,000
+75,200
| +92% | +$4.02M |
|
1118
Neurocrine Biosciences
NBIX
$17.7B
| $8.23M | 0.01% |
106,080
+101,804
| +2,381% | +$6.94M |
|
1119
PUT
Norfolk Southern
NSC
$77.1B
| $8.23M | 0.01% |
56,800
| – | – |
|
1120
Emcor
EME
$33B
| $8.23M | 0.01% |
100,624
-65,125
| -39% | -$5.04M |
|
|
ATVI
1121
DELISTED
Activision Blizzard
ATVI
| $8.22M | 0.01% |
129,774
+67,790
| +109% | +$4.29M |
|
|
HPP
1122
Hudson Pacific Properties
HPP
$794M
| $8.21M | 0.01% |
34,220
-34,897
| -50% | -$8.39M |
|
|
CRR
1123
DELISTED
Carbo Ceramics Inc.
CRR
| $8.2M | 0.01% |
805,134
+32,106
| +4% | +$284K |
|
1124
Rambus
RMBS
$10.4B
| $8.18M | 0.01% |
575,517
+190,988
| +50% | +$2.75M |
|
1125
Innoviva
INVA
$1.57B
| $8.15M | 0.01% |
574,492
-297,091
| -34% | -$3.96M |
|
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D.E. Shaw & Co's Q4 2017 Portfolio in Review
As of Q4 2017, D.E. Shaw & Co held 3,940 positions worth $72.6B, up 12% from $65.1B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
D.E. Shaw & Co deployed $3.73B of net new capital in Q4 2017, opening 507 new positions and adding to 1,441 existing holdings. Its largest new stake was iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019: 3,178,870 shares worth $88.8M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $434M trimmed.
- D.E. Shaw & Co's largest Q4 2017 buy was iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019: 3,178,870 shares worth $88.8M.
- D.E. Shaw & Co added most to GE Aerospace in Q4 2017, an estimated $570M increase.
- D.E. Shaw & Co's biggest Q4 2017 reduction was Apple, cutting an estimated $434M.
- D.E. Shaw & Co fully exited Tesla in Q4 2017, selling an estimated $230M.
- D.E. Shaw & Co's ten largest holdings make up 9.5% of its $72.6B portfolio in Q4 2017.
- D.E. Shaw & Co opened 507 new positions and closed 394 in Q4 2017.
- D.E. Shaw & Co's portfolio value rose 12% quarter-over-quarter to $72.6B.
Based on D.E. Shaw & Co's 13F filing for Q4 2017, filed 14 Feb 2018.