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 | |
|---|---|---|---|---|---|---|
2651
Navient
NAVI
$819M
| $2.63M | ﹤0.01% |
199,774
-252,425
| -56% | -$3.43M |
|
2652
Upland Software
UPLD
$13.3M
| $2.62M | ﹤0.01% |
110,734
-22,603
| -17% | -$514K |
|
2653
Calix
CALX
$2.24B
| $2.61M | ﹤0.01% |
42,610
-159,863
| -79% | -$9.21M |
|
2654
AngloGold Ashanti
AU
$39.4B
| $2.61M | ﹤0.01% |
37,162
-3,426
| -8% | -$192K |
|
2655
iShares MSCI Switzerland ETF
EWL
$2.17B
| $2.61M | ﹤0.01% |
47,196
+3,280
| +7% | +$180K |
|
|
SNDK
2656
PUT
Sandisk
SNDK
$150B
| $2.6M | ﹤0.01% |
23,199
-7,590
| -25% | -$443K |
|
|
TACO
2657
Berto Acquisition Corp
TACO
$393M
| $2.6M | ﹤0.01% |
250,000
| – | – |
|
2658
Credicorp
BAP
$30.5B
| $2.6M | ﹤0.01% |
9,766
-48,402
| -83% | -$12M |
|
2659
CALL
Freedom Holding
FRHC
$9.44B
| $2.6M | ﹤0.01% |
15,100
+12,000
| +387% | +$2.02M |
|
2660
Virgin Galactic
SPCE
$315M
| $2.6M | ﹤0.01% |
673,118
+366,447
| +119% | +$1.23M |
|
2661
Rocky Brands
RCKY
$368M
| $2.59M | ﹤0.01% |
87,053
+13,349
| +18% | +$358K |
|
2662
Warner Music
WMG
$15.2B
| $2.59M | ﹤0.01% |
+76,072
| New | +$2.43M |
|
|
HSPT
2663
DELISTED
Horizon Space Acquisition II Corp
HSPT
| $2.59M | ﹤0.01% |
250,000
| – | – |
|
2664
Texas Pacific Land
TPL
$26.9B
| $2.59M | ﹤0.01% |
8,307
+207
| +3% | +$65.2K |
|
|
REVG
2665
DELISTED
REV Group
REVG
| $2.58M | ﹤0.01% |
45,572
+39,048
| +599% | +$2.07M |
|
2666
CALL
Sterling Infrastructure
STRL
$15.2B
| $2.58M | ﹤0.01% |
+7,600
| New | +$2.16M |
|
2667
Bentley Systems
BSY
$11.2B
| $2.57M | ﹤0.01% |
50,000
-175,177
| -78% | -$9.6M |
|
2668
PUT
Capital One
COF
$128B
| $2.57M | ﹤0.01% |
12,100
-12,900
| -52% | -$2.82M |
|
2669
Sweetgreen
SG
$756M
| $2.57M | ﹤0.01% |
322,272
+237,563
| +280% | +$2.58M |
|
2670
eHealth
EHTH
$41.9M
| $2.57M | ﹤0.01% |
596,578
+131,390
| +28% | +$505K |
|
2671
ARK Blockchain & Fintech Innovation ETF
ARKF
$731M
| $2.57M | ﹤0.01% |
45,079
+21,004
| +87% | +$1.13M |
|
2672
CALL
BioNTech
BNTX
$23.5B
| $2.56M | ﹤0.01% |
26,000
-100
| -0.4% | -$10.7K |
|
2673
CALL
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.81B
| $2.56M | ﹤0.01% |
83,500
| – | – |
|
2674
PUT
Camping World
CWH
$384M
| $2.56M | ﹤0.01% |
162,200
+26,700
| +20% | +$457K |
|
2675
Tetra Tech
TTEK
$8.77B
| $2.56M | ﹤0.01% |
76,725
+47,350
| +161% | +$1.72M |
|
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.