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 | |
|---|---|---|---|---|---|---|
3276
Enova International
ENVA
$6.19B
| $1.11M | ﹤0.01% |
9,610
-115,152
| -92% | -$13.2M |
|
3277
CALL
International Paper
IP
$22.9B
| $1.1M | ﹤0.01% |
23,800
-144,700
| -86% | -$7.07M |
|
|
CGC
3278
CALL
Canopy Growth
CGC
$374M
| $1.1M | ﹤0.01% |
753,700
+485,000
| +180% | +$630K |
|
3279
PUT
Allegiant Air
ALGT
$2.66B
| $1.1M | ﹤0.01% |
18,100
+3,100
| +21% | +$178K |
|
3280
iShares JPMorgan EM Corporate Bond ETF
CEMB
$399M
| $1.1M | ﹤0.01% |
23,771
+6,300
| +36% | +$288K |
|
3281
PUT
Tapestry
TPR
$30.6B
| $1.1M | ﹤0.01% |
9,700
-268,600
| -97% | -$28.1M |
|
3282
PUT
Cummins
CMI
$85.5B
| $1.1M | ﹤0.01% |
2,600
-27,000
| -91% | -$10.4M |
|
|
NGD
3283
DELISTED
New Gold Inc
NGD
| $1.09M | ﹤0.01% |
152,516
-1,218,590
| -89% | -$6.59M |
|
3284
CALL
General Dynamics
GD
$105B
| $1.09M | ﹤0.01% |
+3,200
| New | +$1.01M |
|
3285
PUT
LGI Homes
LGIH
$1.41B
| $1.09M | ﹤0.01% |
21,100
+600
| +3% | +$35K |
|
|
MFA
3286
MFA Financial
MFA
$937M
| $1.09M | ﹤0.01% |
118,691
-406,442
| -77% | -$3.93M |
|
3287
PUT
Murphy USA
MUSA
$11.5B
| $1.09M | ﹤0.01% |
+2,800
| New | +$1.11M |
|
3288
PUT
Qorvo
QRVO
$8.09B
| $1.08M | ﹤0.01% |
11,900
| – | – |
|
3289
Cass Information Systems
CASS
$718M
| $1.08M | ﹤0.01% |
27,531
+6,630
| +32% | +$283K |
|
3290
PUT
Skyworks Solutions
SWKS
$9.52B
| $1.07M | ﹤0.01% |
13,900
-31,700
| -70% | -$2.36M |
|
|
CALY
3291
Callaway Golf Company
CALY
$3.35B
| $1.07M | ﹤0.01% |
112,600
-15,565
| -12% | -$145K |
|
|
VRNA
3292
CALL
DELISTED
Verona Pharma
VRNA
| $1.07M | ﹤0.01% |
10,000
-9,700
| -49% | -$1.01M |
|
3293
CALL
Modine Manufacturing
MOD
$10B
| $1.07M | ﹤0.01% |
+7,500
| New | +$954K |
|
|
MCGA
3294
Yorkville Acquisition Corp
MCGA
$241M
| $1.07M | ﹤0.01% |
+100,000
| New | +$1.07M |
|
3295
Materion
MTRN
$4.05B
| $1.06M | ﹤0.01% |
8,811
-39,156
| -82% | -$4.11M |
|
3296
CALL
Finance of America Companies
FOA
$218M
| $1.06M | ﹤0.01% |
47,400
-50,000
| -51% | -$1.25M |
|
|
FCRS.U
3297
FutureCrest Acquisition Corp Units
FCRS.U
| $1.06M | ﹤0.01% |
+100,000
| New | +$1.05M |
|
3298
Atea Pharmaceuticals
AVIR
$367M
| $1.06M | ﹤0.01% |
364,768
+168,916
| +86% | +$577K |
|
3299
BRC Inc
BRCC
$124M
| $1.06M | ﹤0.01% |
677,407
-64,726
| -9% | -$104K |
|
3300
OR Royalties Inc
OR
$5.66B
| $1.05M | ﹤0.01% |
26,236
-549,507
| -95% | -$17.1M |
|
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.