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 | |
|---|---|---|---|---|---|---|
|
FFWM
2626
DELISTED
First Foundation Inc
FFWM
| $2.71M | ﹤0.01% |
486,134
+398,977
| +458% | +$2.2M |
|
2627
CALL
NRG Energy
NRG
$26.2B
| $2.7M | ﹤0.01% |
16,700
| – | – |
|
|
AD
2628
Array Digital Infrastructure
AD
$3.04B
| $2.7M | ﹤0.01% |
54,063
-141,208
| -72% | -$8.77M |
|
2629
Enanta Pharmaceuticals
ENTA
$362M
| $2.7M | ﹤0.01% |
225,744
-56,532
| -20% | -$452K |
|
2630
Summit Therapeutics
SMMT
$10.2B
| $2.7M | ﹤0.01% |
130,627
-6,818
| -5% | -$165K |
|
2631
iShares MSCI South Korea ETF
EWY
$20.1B
| $2.7M | ﹤0.01% |
33,687
+13,754
| +69% | +$1.02M |
|
|
PR
2632
CALL
Permian Resources
PR
$17.4B
| $2.7M | ﹤0.01% |
210,800
| – | – |
|
2633
Triumph Financial Inc
TFIN
$1.81B
| $2.69M | ﹤0.01% |
53,841
-46,483
| -46% | -$2.74M |
|
2634
JPMorgan BetaBuilders Japan ETF
BBJP
$17B
| $2.69M | ﹤0.01% |
40,596
-61,126
| -60% | -$3.9M |
|
|
SLSR
2635
Solaris Resources
SLSR
$1.23B
| $2.68M | ﹤0.01% |
420,600
+361,700
| +614% | +$1.92M |
|
2636
National Health Investors
NHI
$3.79B
| $2.68M | ﹤0.01% |
33,742
+20,324
| +151% | +$1.52M |
|
2637
CALL
Teva Pharmaceuticals
TEVA
$40.4B
| $2.68M | ﹤0.01% |
132,700
+65,400
| +97% | +$1.15M |
|
2638
Denison Mines
DNN
$2.43B
| $2.68M | ﹤0.01% |
+973,300
| New | +$2.15M |
|
2639
iShare MSCI Eurozone ETF
EZU
$9.38B
| $2.67M | ﹤0.01% |
43,134
-318,998
| -88% | -$19.1M |
|
|
FFIC
2640
DELISTED
Flushing Financial
FFIC
| $2.67M | ﹤0.01% |
193,059
+18,435
| +11% | +$240K |
|
2641
CALL
Synopsys
SNPS
$71.6B
| $2.66M | ﹤0.01% |
5,400
+3,000
| +125% | +$1.7M |
|
2642
CALL
Peabody Energy
BTU
$2.54B
| $2.66M | ﹤0.01% |
100,200
+42,500
| +74% | +$757K |
|
2643
PUT
D-Wave Quantum Inc. Common Stock
QBTS
$5.99B
| $2.65M | ﹤0.01% |
+107,400
| New | +$1.96M |
|
2644
Tennant Co
TNC
$1.44B
| $2.65M | ﹤0.01% |
32,736
-13,354
| -29% | -$1.09M |
|
2645
Puma Biotechnology
PBYI
$398M
| $2.65M | ﹤0.01% |
498,598
-142,182
| -22% | -$603K |
|
2646
CALL
Lennox International
LII
$15B
| $2.65M | ﹤0.01% |
5,000
| – | – |
|
2647
CALL
Caesars Entertainment
CZR
$6.06B
| $2.64M | ﹤0.01% |
97,700
+3,700
| +4% | +$100K |
|
|
FLG
2648
CALL
Flagstar Bank National Association
FLG
$5.87B
| $2.64M | ﹤0.01% |
228,400
+105,100
| +85% | +$1.25M |
|
2649
PUT
TransDigm Group
TDG
$70.7B
| $2.64M | ﹤0.01% |
2,000
-700
| -26% | -$1M |
|
|
SII
2650
Sprott
SII
$2.68B
| $2.64M | ﹤0.01% |
31,716
-34,654
| -52% | -$2.42M |
|
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.