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 | |
|---|---|---|---|---|---|---|
2601
CALL
Tidewater
TDW
$3.63B
| $2.8M | ﹤0.01% |
52,500
+35,500
| +209% | +$1.95M |
|
2602
Madison Square Garden
MSGE
$3.59B
| $2.8M | ﹤0.01% |
61,833
+40,361
| +188% | +$1.64M |
|
2603
CALL
UGI
UGI
$7.87B
| $2.79M | ﹤0.01% |
83,900
| – | – |
|
2604
Comstock Resources
CRK
$3.7B
| $2.78M | ﹤0.01% |
140,166
-259,675
| -65% | -$4.8M |
|
2605
International Money Express
IMXI
$389M
| $2.77M | ﹤0.01% |
198,504
+54,013
| +37% | +$669K |
|
|
DOCU
2606
PUT
DocuSign
DOCU
$11.1B
| $2.76M | ﹤0.01% |
38,300
+23,300
| +155% | +$1.8M |
|
2607
CALL
Argan
AGX
$6.9B
| $2.75M | ﹤0.01% |
10,200
-5,700
| -36% | -$1.31M |
|
2608
PUT
Wendy's
WEN
$1.46B
| $2.75M | ﹤0.01% |
+300,000
| New | +$3.08M |
|
|
NIQ
2609
NIQ Global Intelligence PLC
NIQ
$3.53B
| $2.75M | ﹤0.01% |
+175,000
| New | +$3.05M |
|
2610
Cadence Design Systems
CDNS
$91.6B
| $2.74M | ﹤0.01% |
7,791
+5,042
| +183% | +$1.73M |
|
2611
IHS Holding
IHS
$2.78B
| $2.73M | ﹤0.01% |
400,896
-168,101
| -30% | -$1.12M |
|
2612
Columbia Financial
CLBK
$1.14B
| $2.73M | ﹤0.01% |
181,870
-6,100
| -3% | -$90.9K |
|
2613
FIVE9
FIVN
$2.08B
| $2.73M | ﹤0.01% |
112,803
+24,956
| +28% | +$660K |
|
2614
Modine Manufacturing
MOD
$9.46B
| $2.73M | ﹤0.01% |
19,201
+16,364
| +577% | +$2.08M |
|
2615
Quad
QUAD
$479M
| $2.73M | ﹤0.01% |
435,888
+150,393
| +53% | +$927K |
|
2616
CALL
Air Products & Chemicals
APD
$65.5B
| $2.73M | ﹤0.01% |
10,000
| – | – |
|
|
2617
PUT
Air Products & Chemicals
APD
$65.5B
| $2.73M | ﹤0.01% |
10,000
| – | – |
|
2618
Grindr
GRND
$3.06B
| $2.72M | ﹤0.01% |
181,394
+25,101
| +16% | +$440K |
|
|
ARIS
2619
DELISTED
Aris Water Solutions
ARIS
| $2.72M | ﹤0.01% |
110,199
+55,868
| +103% | +$1.3M |
|
2620
Vermilion Energy
VET
$1.66B
| $2.72M | ﹤0.01% |
347,992
+258,889
| +291% | +$2M |
|
2621
Ollie's Bargain Outlet
OLLI
$4.31B
| $2.72M | ﹤0.01% |
21,159
+4,164
| +25% | +$553K |
|
|
CGC
2622
Canopy Growth
CGC
$376M
| $2.72M | ﹤0.01% |
+1,862,189
| New | +$2.42M |
|
2623
WesBanco
WSBC
$4.02B
| $2.71M | ﹤0.01% |
+85,016
| New | +$2.71M |
|
2624
PUT
ArcelorMittal
MT
$49.5B
| $2.71M | ﹤0.01% |
75,000
| – | – |
|
2625
CALL
Delek US
DK
$3.98B
| $2.71M | ﹤0.01% |
84,000
+52,100
| +163% | +$1.36M |
|
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.