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 | |
|---|---|---|---|---|---|---|
4026
National CineMedia
NCMI
$362M
| $278K | ﹤0.01% |
+61,589
| New | +$287K |
|
4027
WisdomTree US MidCap Fund
EZM
$941M
| $276K | ﹤0.01% |
4,191
| – | – |
|
4028
Star Holdings Shares of Beneficial Interest
STHO
$112M
| $276K | ﹤0.01% |
+33,546
| New | +$272K |
|
4029
Veracyte
VCYT
$4.44B
| $276K | ﹤0.01% |
8,035
-148,361
| -95% | -$4.26M |
|
4030
Cirrus Logic
CRUS
$6.87B
| $276K | ﹤0.01% |
2,200
-522
| -19% | -$58.1K |
|
4031
Global X FinTech ETF
FINX
$170M
| $275K | ﹤0.01% |
8,190
| – | – |
|
4032
DMC Global
BOOM
$117M
| $274K | ﹤0.01% |
32,426
-4,318
| -12% | -$32.3K |
|
4033
CALL
Axcelis
ACLS
$3.94B
| $273K | ﹤0.01% |
+2,800
| New | +$226K |
|
4034
Unitil
UTL
$999M
| $272K | ﹤0.01% |
5,688
-15,446
| -73% | -$754K |
|
4035
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.38B
| $272K | ﹤0.01% |
+5,501
| New | +$268K |
|
4036
CALL
BJs Wholesale Club
BJ
$12.1B
| $270K | ﹤0.01% |
2,900
+300
| +12% | +$30.7K |
|
4037
Wendy's
WEN
$1.39B
| $270K | ﹤0.01% |
+29,517
| New | +$303K |
|
4038
Arcus Biosciences
RCUS
$3.5B
| $270K | ﹤0.01% |
19,871
-31,453
| -61% | -$327K |
|
4039
Putnam BDC Income ETF
PBDC
$276M
| $270K | ﹤0.01% |
+8,492
| New | +$285K |
|
4040
iShares North American Natural Resources ETF
IGE
$735M
| $270K | ﹤0.01% |
+5,497
| New | +$255K |
|
4041
CALL
AGNC Investment
AGNC
$12.4B
| $269K | ﹤0.01% |
27,500
-508,600
| -95% | -$4.93M |
|
4042
PUT
ManpowerGroup
MAN
$2.5B
| $269K | ﹤0.01% |
+7,100
| New | +$293K |
|
|
PRA
4043
DELISTED
ProAssurance
PRA
| $269K | ﹤0.01% |
11,211
-28,005
| -71% | -$666K |
|
4044
Accel Entertainment
ACEL
$1.01B
| $269K | ﹤0.01% |
+24,286
| New | +$284K |
|
|
PENG
4045
Penguin Solutions Inc
PENG
$2.69B
| $269K | ﹤0.01% |
10,218
-15,519
| -60% | -$380K |
|
4046
CALL
Jones Lang LaSalle
JLL
$15.5B
| $268K | ﹤0.01% |
900
| – | – |
|
4047
ACNB Corp
ACNB
$654M
| $268K | ﹤0.01% |
6,077
+1,204
| +25% | +$53.1K |
|
4048
CALL
Quanex
NX
$863M
| $266K | ﹤0.01% |
+18,700
| New | +$350K |
|
|
4049
CALL
ManpowerGroup
MAN
$2.5B
| $265K | ﹤0.01% |
+7,000
| New | +$289K |
|
4050
Standard Motor Products
SMP
$867M
| $265K | ﹤0.01% |
6,495
-32,319
| -83% | -$1.18M |
|
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.