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 | |
|---|---|---|---|---|---|---|
4051
Macy's
M
$6.57B
| $265K | ﹤0.01% |
14,782
-44,489
| -75% | -$630K |
|
4052
Harrow
HROW
$1.4B
| $265K | ﹤0.01% |
5,497
-202,686
| -97% | -$7.64M |
|
|
ACRE
4053
Ares Commercial Real Estate
ACRE
$257M
| $264K | ﹤0.01% |
+58,641
| New | +$272K |
|
4054
CALL
Trupanion
TRUP
$1.08B
| $264K | ﹤0.01% |
6,100
| – | – |
|
4055
Planet Fitness
PLNT
$4.29B
| $264K | ﹤0.01% |
2,541
-17,394
| -87% | -$1.85M |
|
4056
Heritage Insurance Holdings
HRTG
$864M
| $264K | ﹤0.01% |
10,473
-36,858
| -78% | -$837K |
|
|
OPRA
4057
Opera Ltd
OPRA
$1.69B
| $262K | ﹤0.01% |
+12,716
| New | +$227K |
|
4058
CALL
Terex
TEX
$7.89B
| $262K | ﹤0.01% |
5,100
-29,900
| -85% | -$1.52M |
|
4059
SPX Corp
SPXC
$11B
| $259K | ﹤0.01% |
1,386
-24,018
| -95% | -$4.44M |
|
4060
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.07B
| $259K | ﹤0.01% |
2,744
-1,000
| -27% | -$92K |
|
|
LAND
4061
Gladstone Land Corp
LAND
$367M
| $258K | ﹤0.01% |
+28,220
| New | +$267K |
|
4062
A10 Networks
ATEN
$2.41B
| $258K | ﹤0.01% |
14,242
-7,098
| -33% | -$128K |
|
4063
iShares Global Tech ETF
IXN
$8.27B
| $258K | ﹤0.01% |
2,497
| – | – |
|
4064
Invesco S&P 500 Pure Growth ETF
RPG
$2.02B
| $257K | ﹤0.01% |
5,394
-5,739
| -52% | -$269K |
|
|
KALV
4065
DELISTED
KalVista Pharmaceuticals
KALV
| $257K | ﹤0.01% |
21,100
-4,620
| -18% | -$63.8K |
|
4066
Orthofix Medical
OFIX
$481M
| $256K | ﹤0.01% |
17,482
-72,851
| -81% | -$956K |
|
4067
Boston Omaha
BOC
$434M
| $255K | ﹤0.01% |
19,504
-18,860
| -49% | -$253K |
|
|
RYZ
4068
Ryerson Holding Corp
RYZ
$1.59B
| $255K | ﹤0.01% |
11,153
+1,000
| +10% | +$22.5K |
|
|
LADR
4069
Ladder Capital
LADR
$1.24B
| $255K | ﹤0.01% |
23,367
-193,274
| -89% | -$2.17M |
|
4070
State Street SPDR S&P Software & Services ETF
XSW
$427M
| $255K | ﹤0.01% |
1,289
| – | – |
|
4071
Advanced Drainage Systems
WMS
$11B
| $254K | ﹤0.01% |
1,833
-6,259
| -77% | -$822K |
|
4072
Village Super Market
VLGEA
$636M
| $254K | ﹤0.01% |
6,798
-3,917
| -37% | -$144K |
|
4073
Global X Lithium & Battery Tech ETF
LIT
$1.5B
| $253K | ﹤0.01% |
4,447
-22,467
| -83% | -$1.03M |
|
|
IPCX
4074
Inflection Point Acquisition Corp III
IPCX
$362M
| $252K | ﹤0.01% |
25,000
| – | – |
|
4075
Solid Power Inc Warrant
SLDPW
$9.12M
| $251K | ﹤0.01% |
604,873
| – | – |
|
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.