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 | |
|---|---|---|---|---|---|---|
|
API
3901
Agora
API
$337M
| $361K | ﹤0.01% |
94,386
| – | – |
|
3902
PUT
Saia
SAIA
$11.2B
| $359K | ﹤0.01% |
1,200
| – | – |
|
|
ACH
3903
PUT
Accendra Health
ACH
$247M
| $359K | ﹤0.01% |
+74,700
| New | +$475K |
|
3904
PUT
Sonoco
SON
$5.8B
| $358K | ﹤0.01% |
+8,300
| New | +$383K |
|
3905
CALL
C.H. Robinson
CHRW
$20.6B
| $357K | ﹤0.01% |
2,700
| – | – |
|
3906
Reservoir Media Inc Warrant
RSVRW
| $356K | ﹤0.01% |
547,924
| – | – |
|
|
FIRY
3907
Firy Inc
FIRY
$130M
| $356K | ﹤0.01% |
44,451
-19,396
| -30% | -$149K |
|
3908
Empire State Realty Trust
ESRT
$969M
| $355K | ﹤0.01% |
46,372
-63,817
| -58% | -$488K |
|
3909
nVent Electric
NVT
$24.1B
| $355K | ﹤0.01% |
3,600
-9,111
| -72% | -$791K |
|
3910
RBB Bancorp
RBB
$451M
| $354K | ﹤0.01% |
18,865
+5,492
| +41% | +$105K |
|
3911
PUT
Dynatrace
DT
$12.7B
| $354K | ﹤0.01% |
+7,300
| New | +$369K |
|
3912
OceanFirst Financial
OCFC
$1.7B
| $354K | ﹤0.01% |
20,125
-26,487
| -57% | -$473K |
|
3913
Broadridge
BR
$17.7B
| $352K | ﹤0.01% |
1,479
-12,008
| -89% | -$2.99M |
|
3914
Hawaiian Electric Industries
HE
$2.28B
| $351K | ﹤0.01% |
31,774
-969
| -3% | -$11K |
|
3915
PUT
AutoNation
AN
$7.1B
| $350K | ﹤0.01% |
1,600
| – | – |
|
3916
Companhia Siderúrgica Nacional
SID
$1.49B
| $349K | ﹤0.01% |
232,818
+196,124
| +534% | +$283K |
|
3917
PUT
OSI Systems
OSIS
$3.58B
| $349K | ﹤0.01% |
1,400
| – | – |
|
|
TSE
3918
DELISTED
Trinseo
TSE
| $346K | ﹤0.01% |
147,316
-169,158
| -53% | -$440K |
|
|
INFA
3919
DELISTED
Informatica
INFA
| $345K | ﹤0.01% |
+13,887
| New | +$343K |
|
3920
ARS Pharmaceuticals
SPRY
$572M
| $344K | ﹤0.01% |
34,219
-23,230
| -40% | -$333K |
|
3921
iShares Global Healthcare ETF
IXJ
$4.08B
| $342K | ﹤0.01% |
3,860
| – | – |
|
3922
Eagle Bancorp
EGBN
$858M
| $342K | ﹤0.01% |
16,904
-98,173
| -85% | -$1.9M |
|
|
ARTY
3923
iShares Future AI & Tech ETF
ARTY
$3.47B
| $340K | ﹤0.01% |
7,428
| – | – |
|
3924
PUT
Hertz
HTZ
$632M
| $340K | ﹤0.01% |
50,000
| – | – |
|
|
BACQR
3925
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
| $340K | ﹤0.01% |
500,000
| – | – |
|
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.