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 |
Alibaba
BABA
|
+$453M |
| 2 |
Oracle
ORCL
|
+$431M |
| 3 |
Apple
AAPL
|
+$376M |
| 4 |
SLB Ltd
SLB
|
+$353M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$335M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$746M |
| 2 |
AET
Aetna Inc
AET
|
+$378M |
| 3 |
NVIDIA
NVDA
|
+$348M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$307M |
| 5 |
AT&T
T
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.92% |
| 2 | Consumer Discretionary | 11.63% |
| 3 | Healthcare | 11.01% |
| 4 | Financials | 7.5% |
| 5 | Industrials | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
Caterpillar
CAT
$409B
| $148M | 0.2% |
1,164,200
+409,000
| +54% | +$53.2M |
|
102
Royal Caribbean
RCL
$78.7B
| $148M | 0.2% |
1,510,970
+300,686
| +25% | +$32.9M |
|
103
Mastercard
MA
$477B
| $147M | 0.2% |
781,154
+500,476
| +178% | +$99.4M |
|
|
104
PUT
Apple
AAPL
$4.89T
| $147M | 0.2% |
3,730,000
+1,398,000
| +60% | +$67.8M |
|
105
Alphabet (Google) Class C
GOOG
$3.9T
| $146M | 0.2% |
2,813,360
+1,273,560
| +83% | +$68.2M |
|
|
106
PUT
Alphabet (Google) Class A
GOOGL
$3.91T
| $146M | 0.2% |
2,788,000
+1,542,000
| +124% | +$83.3M |
|
107
SBA Communications
SBAC
$18.4B
| $145M | 0.2% |
895,749
-500,643
| -36% | -$81.5M |
|
108
PUT
Bank of America
BAC
$435B
| $144M | 0.2% |
5,849,100
+3,175,200
| +119% | +$86.1M |
|
109
Etsy
ETSY
$7.65B
| $143M | 0.2% |
3,001,783
+309,162
| +11% | +$14.6M |
|
|
RHT
110
DELISTED
Red Hat Inc
RHT
| $143M | 0.2% |
812,363
+746,434
| +1,132% | +$118M |
|
|
111
CALL
AT&T
T
$165B
| $142M | 0.2% |
6,590,140
+2,439,338
| +59% | +$56.8M |
|
112
Eli Lilly
LLY
$1.07T
| $138M | 0.19% |
1,194,293
-271,142
| -19% | -$30.3M |
|
113
PUT
Intel
INTC
$466B
| $135M | 0.19% |
2,869,800
+500,400
| +21% | +$23.4M |
|
114
Capri Holdings
CPRI
$1.77B
| $134M | 0.18% |
3,537,982
+1,130,169
| +47% | +$56.9M |
|
115
Regeneron Pharmaceuticals
REGN
$68.8B
| $134M | 0.18% |
358,666
+156,989
| +78% | +$57.5M |
|
116
Allison Transmission
ALSN
$10.1B
| $134M | 0.18% |
3,047,140
-35,730
| -1% | -$1.66M |
|
117
PUT
Advanced Micro Devices
AMD
$851B
| $133M | 0.18% |
7,223,900
+2,476,900
| +52% | +$53.6M |
|
118
Union Pacific
UNP
$183B
| $133M | 0.18% |
964,430
+414,781
| +75% | +$61.5M |
|
119
PUT
Baidu
BIDU
$35.8B
| $132M | 0.18% |
834,200
+201,500
| +32% | +$37.6M |
|
|
120
PUT
NVIDIA
NVDA
$5.01T
| $132M | 0.18% |
39,584,000
+14,804,000
| +60% | +$70.8M |
|
121
PUT
Qualcomm
QCOM
$176B
| $131M | 0.18% |
2,309,500
+1,070,800
| +86% | +$65M |
|
122
Motorola Solutions
MSI
$69.4B
| $129M | 0.18% |
1,125,472
-199,379
| -15% | -$24.8M |
|
123
Nutanix
NTNX
$14.9B
| $127M | 0.18% |
3,052,966
-124,218
| -4% | -$5.13M |
|
|
APC
124
DELISTED
Anadarko Petroleum
APC
| $127M | 0.17% |
2,886,280
-2,341,217
| -45% | -$132M |
|
125
NRG Energy
NRG
$29.8B
| $126M | 0.17% |
3,188,270
+111,488
| +4% | +$4.27M |
|
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D.E. Shaw & Co's Q4 2018 Portfolio in Review
As of Q4 2018, D.E. Shaw & Co held 4,217 positions worth $72.6B, down 13% from $83.2B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
D.E. Shaw & Co deployed $3.99B of net new capital in Q4 2018, opening 541 new positions and adding to 1,544 existing holdings. Its largest new stake was Alibaba: 3,066,336 shares worth $420M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Amazon, an estimated $746M trimmed.
- D.E. Shaw & Co's largest Q4 2018 buy was Alibaba: 3,066,336 shares worth $420M.
- D.E. Shaw & Co added most to Oracle in Q4 2018, an estimated $431M increase.
- D.E. Shaw & Co's biggest Q4 2018 reduction was Amazon, cutting an estimated $746M.
- D.E. Shaw & Co fully exited Aetna Inc in Q4 2018, selling an estimated $378M.
- D.E. Shaw & Co's ten largest holdings make up 8.9% of its $72.6B portfolio in Q4 2018.
- D.E. Shaw & Co opened 541 new positions and closed 497 in Q4 2018.
- D.E. Shaw & Co's portfolio value fell 13% quarter-over-quarter to $72.6B.
Based on D.E. Shaw & Co's 13F filing for Q4 2018, filed 14 Feb 2019.