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 | |
|---|---|---|---|---|---|---|
3151
CALL
Planet Labs
PL
$6.94B
| $1.33M | ﹤0.01% |
+102,100
| New | +$788K |
|
3152
Ocular Therapeutix
OCUL
$1.83B
| $1.32M | ﹤0.01% |
113,279
+10,446
| +10% | +$125K |
|
3153
Tower Semiconductor
TSEM
$21.2B
| $1.32M | ﹤0.01% |
18,248
+13,375
| +274% | +$730K |
|
|
CCCXW
3154
DELISTED
Churchill Capital Corp X Warrants
CCCXW
| $1.32M | ﹤0.01% |
+371,250
| New | +$544K |
|
3155
PACS Group
PACS
$7.35B
| $1.32M | ﹤0.01% |
+95,963
| New | +$1.13M |
|
|
CTEV
3156
Claritev Corp
CTEV
$399M
| $1.32M | ﹤0.01% |
24,814
-106,690
| -81% | -$5.89M |
|
|
RAL
3157
Ralliant Corp
RAL
$7.5B
| $1.32M | ﹤0.01% |
30,074
-47,885
| -61% | -$2.13M |
|
3158
Vertex Pharmaceuticals
VRTX
$123B
| $1.31M | ﹤0.01% |
3,343
-16,738
| -83% | -$7M |
|
3159
Fulton Financial
FULT
$4.68B
| $1.31M | ﹤0.01% |
70,255
+43,296
| +161% | +$819K |
|
3160
iShares MSCI China A ETF
CNYA
$198M
| $1.31M | ﹤0.01% |
38,123
+22,075
| +138% | +$694K |
|
3161
Ivanhoe Electric
IE
$1.38B
| $1.31M | ﹤0.01% |
+104,193
| New | +$1.03M |
|
3162
Runway Growth Finance
RWAY
$235M
| $1.3M | ﹤0.01% |
128,253
+81,215
| +173% | +$872K |
|
3163
PUT
Sensata Technologies
ST
$6.69B
| $1.3M | ﹤0.01% |
42,600
| – | – |
|
3164
CALL
Arista Networks
ANET
$199B
| $1.3M | ﹤0.01% |
8,900
-171,500
| -95% | -$22.1M |
|
3165
RCI Hospitality Holdings
RICK
$202M
| $1.29M | ﹤0.01% |
+42,401
| New | +$1.52M |
|
3166
PUT
XPO
XPO
$23.4B
| $1.29M | ﹤0.01% |
10,000
| – | – |
|
3167
PUT
BlackSky Technology
BKSY
$843M
| $1.29M | ﹤0.01% |
+64,100
| New | +$1.25M |
|
3168
CALL
GXO Logistics
GXO
$5.93B
| $1.29M | ﹤0.01% |
24,400
| – | – |
|
3169
CALL
Monolithic Power Systems
MPWR
$61.4B
| $1.29M | ﹤0.01% |
1,400
| – | – |
|
3170
Elbit Systems
ESLT
$36B
| $1.29M | ﹤0.01% |
2,521
-73,572
| -97% | -$34.5M |
|
3171
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $1.28M | ﹤0.01% |
+10,850
| New | +$1.21M |
|
3172
Seer Inc
SEER
$114M
| $1.28M | ﹤0.01% |
591,517
-108,608
| -16% | -$231K |
|
3173
Alerian MLP ETF
AMLP
$12.9B
| $1.28M | ﹤0.01% |
27,343
-53,168
| -66% | -$2.57M |
|
3174
Pinnacle West Capital
PNW
$12.4B
| $1.28M | ﹤0.01% |
14,298
-6,257
| -30% | -$563K |
|
3175
PUT
Evercore
EVR
$11.8B
| $1.28M | ﹤0.01% |
3,800
-16,200
| -81% | -$5.08M |
|
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.