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 | |
|---|---|---|---|---|---|---|
2926
PUT
Align Technology
ALGN
$12.9B
| $1.83M | ﹤0.01% |
14,600
-37,700
| -72% | -$5.91M |
|
2927
PUT
Signet Jewelers
SIG
$3.84B
| $1.82M | ﹤0.01% |
19,000
| – | – |
|
2928
Gen Digital
GEN
$16.5B
| $1.82M | ﹤0.01% |
64,111
+35,828
| +127% | +$1.07M |
|
2929
Peapack-Gladstone Financial
PGC
$815M
| $1.82M | ﹤0.01% |
65,880
-32,980
| -33% | -$925K |
|
2930
Integer Holdings
ITGR
$3.39B
| $1.8M | ﹤0.01% |
17,464
-49,256
| -74% | -$5.36M |
|
2931
Heartland Express
HTLD
$1.01B
| $1.8M | ﹤0.01% |
215,255
+167,099
| +347% | +$1.41M |
|
2932
Preferred Bank
PFBC
$1.24B
| $1.8M | ﹤0.01% |
19,942
+2,684
| +16% | +$249K |
|
2933
PUT
Shell
SHEL
$244B
| $1.8M | ﹤0.01% |
25,200
-256,700
| -91% | -$18.5M |
|
2934
CALL
Cactus
WHD
$3.63B
| $1.8M | ﹤0.01% |
+45,600
| New | +$1.92M |
|
2935
CALL
Concentrix
CNXC
$1.62B
| $1.8M | ﹤0.01% |
+38,900
| New | +$2.08M |
|
|
CAEP
2936
DELISTED
Cantor Equity Partners III
CAEP
| $1.79M | ﹤0.01% |
173,229
| – | – |
|
2937
CALL
Transmedics
TMDX
$2.7B
| $1.78M | ﹤0.01% |
15,900
-9,100
| -36% | -$1.07M |
|
2938
CALL
NetApp
NTAP
$34B
| $1.78M | ﹤0.01% |
15,000
+9,800
| +188% | +$1.1M |
|
|
KREF
2939
KKR Real Estate Finance Trust
KREF
$466M
| $1.77M | ﹤0.01% |
196,900
-312,060
| -61% | -$2.9M |
|
2940
CALL
Par Pacific Holdings
PARR
$4.17B
| $1.77M | ﹤0.01% |
+50,000
| New | +$1.63M |
|
|
2941
PUT
Par Pacific Holdings
PARR
$4.17B
| $1.77M | ﹤0.01% |
+50,000
| New | +$1.63M |
|
2942
Hamilton Insurance Group
HG
$3.63B
| $1.76M | ﹤0.01% |
71,136
-50,871
| -42% | -$1.16M |
|
2943
Tactile Systems Technology
TCMD
$618M
| $1.76M | ﹤0.01% |
127,461
+73,883
| +138% | +$889K |
|
2944
OFG Bancorp
OFG
$2.21B
| $1.76M | ﹤0.01% |
40,501
-9,648
| -19% | -$423K |
|
2945
GeoPark
GPRK
$609M
| $1.76M | ﹤0.01% |
+276,458
| New | +$1.82M |
|
|
P
2946
PUT
Everpure Inc
P
$23B
| $1.76M | ﹤0.01% |
21,000
-71,900
| -77% | -$4.78M |
|
2947
Belden
BDC
$3.97B
| $1.76M | ﹤0.01% |
14,594
-8,509
| -37% | -$1.07M |
|
|
LAZR
2948
CALL
DELISTED
Luminar Technologies
LAZR
| $1.75M | ﹤0.01% |
918,800
+695,000
| +311% | +$1.7M |
|
2949
PUT
Western Alliance Bancorporation
WAL
$8.81B
| $1.75M | ﹤0.01% |
20,200
| – | – |
|
2950
Graham Holdings Company
GHC
$5.31B
| $1.75M | ﹤0.01% |
1,487
-1,582
| -52% | -$1.64M |
|
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.