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 | |
|---|---|---|---|---|---|---|
101
PUT
Costco
COST
$415B
| $148M | 0.2% |
793,800
+427,200
| +117% | +$73.8M |
|
102
Adobe
ADBE
$89.5B
| $148M | 0.2% |
842,513
+269,480
| +47% | +$46.4M |
|
103
Progressive
PGR
$124B
| $144M | 0.2% |
2,558,381
+604,389
| +31% | +$31.3M |
|
104
CALL
Citigroup
C
$222B
| $142M | 0.2% |
1,903,300
-86,400
| -4% | -$6.39M |
|
|
LVNTA
105
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $141M | 0.19% |
2,603,279
-509,870
| -16% | -$29M |
|
106
PepsiCo
PEP
$186B
| $140M | 0.19% |
1,170,506
-1,102,472
| -49% | -$126M |
|
107
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $140M | 0.19% |
1,207,919
+16,000
| +1% | +$1.85M |
|
108
PUT
SLB Ltd
SLB
$77.8B
| $140M | 0.19% |
2,073,200
+613,000
| +42% | +$39.7M |
|
109
Southwest Airlines
LUV
$22.1B
| $139M | 0.19% |
2,124,653
+347,160
| +20% | +$20.4M |
|
110
ConocoPhillips
COP
$147B
| $136M | 0.19% |
2,471,838
+1,295,138
| +110% | +$66.6M |
|
111
PUT
Caterpillar
CAT
$409B
| $136M | 0.19% |
860,900
+281,800
| +49% | +$39.1M |
|
112
Boston Scientific
BSX
$65.8B
| $136M | 0.19% |
5,469,193
+4,828,654
| +754% | +$133M |
|
113
CALL
Lowe's Companies
LOW
$116B
| $135M | 0.19% |
1,456,500
+1,426,500
| +4,755% | +$118M |
|
114
Fortive
FTV
$19B
| $134M | 0.19% |
2,943,651
+131,631
| +5% | +$6.03M |
|
115
PUT
AT&T
T
$165B
| $134M | 0.18% |
4,561,842
+2,808,998
| +160% | +$76.7M |
|
116
Procter & Gamble
PG
$343B
| $133M | 0.18% |
1,449,931
+100,676
| +7% | +$9.05M |
|
|
117
PUT
Citigroup
C
$222B
| $132M | 0.18% |
1,776,900
+49,500
| +3% | +$3.66M |
|
118
Analog Devices
ADI
$181B
| $132M | 0.18% |
1,483,698
-104,349
| -7% | -$9.24M |
|
119
James River Group Holdings
JRVR
$218M
| $132M | 0.18% |
3,297,238
-3,050,000
| -48% | -$124M |
|
120
Zoetis
ZTS
$31.6B
| $132M | 0.18% |
1,828,787
+138,189
| +8% | +$9.49M |
|
121
PUT
Qualcomm
QCOM
$176B
| $132M | 0.18% |
2,055,900
-94,400
| -4% | -$5.72M |
|
122
PUT
General Motors
GM
$74.7B
| $131M | 0.18% |
3,206,800
+1,083,400
| +51% | +$47M |
|
123
Liberty Broadband Class A
LBRDA
$4.14B
| $131M | 0.18% |
1,544,289
+73,083
| +5% | +$6.44M |
|
124
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $131M | 0.18% |
1,501,583
| – | – |
|
125
Ross Stores
ROST
$76.6B
| $130M | 0.18% |
1,619,831
-1,210,720
| -43% | -$84.7M |
|
Similar funds
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.