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 | |
|---|---|---|---|---|---|---|
4126
PUT
Curtiss-Wright
CW
$27B
| $217K | ﹤0.01% |
+400
| New | +$197K |
|
4127
CALL
Regions Financial
RF
$26.1B
| $216K | ﹤0.01% |
+8,200
| New | +$213K |
|
4128
CuriosityStream
CURI
$146M
| $215K | ﹤0.01% |
40,623
+30,061
| +285% | +$138K |
|
4129
Seneca Foods Class A
SENEA
$1.14B
| $214K | ﹤0.01% |
1,987
-12,263
| -86% | -$1.3M |
|
4130
Tidewater
TDW
$3.9B
| $214K | ﹤0.01% |
+4,018
| New | +$220K |
|
4131
Beazer Homes USA
BZH
$910M
| $214K | ﹤0.01% |
+8,724
| New | +$214K |
|
|
OCSAW
4132
Oculis Holding AG Warrants
OCSAW
$199M
| $214K | ﹤0.01% |
35,616
| – | – |
|
4133
First Trust Water ETF
FIW
$1.84B
| $214K | ﹤0.01% |
1,901
-200
| -10% | -$22.3K |
|
4134
Pacer Trendpilot US Large Cap ETF
PTLC
$3.22B
| $213K | ﹤0.01% |
3,889
-12,975
| -77% | -$683K |
|
4135
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$3.52B
| $213K | ﹤0.01% |
+3,126
| New | +$202K |
|
|
RUMBW
4136
RUM Group Inc Warrant
RUMBW
$12.9M
| $212K | ﹤0.01% |
106,572
| – | – |
|
4137
W.R. Berkley
WRB
$28B
| $212K | ﹤0.01% |
2,764
-397
| -13% | -$28.3K |
|
4138
NetApp
NTAP
$32.9B
| $212K | ﹤0.01% |
1,787
-10,913
| -86% | -$1.22M |
|
4139
Enovis
ENOV
$1.6B
| $211K | ﹤0.01% |
+6,968
| New | +$211K |
|
|
BFS
4140
Saul Centers
BFS
$880M
| $210K | ﹤0.01% |
6,602
-1,725
| -21% | -$56.9K |
|
4141
Old Second Bancorp
OSBC
$1.26B
| $210K | ﹤0.01% |
12,166
-31,710
| -72% | -$571K |
|
4142
iShares Future Exponential Technologies ETF
XT
$3.77B
| $210K | ﹤0.01% |
+2,920
| New | +$198K |
|
|
PRMB
4143
Primo Brands
PRMB
$8.34B
| $210K | ﹤0.01% |
+9,500
| New | +$246K |
|
4144
WisdomTree US SmallCap Earnings Fund
EES
$719M
| $210K | ﹤0.01% |
+3,755
| New | +$203K |
|
4145
Capital Group Core Equity ETF
CGUS
$11.1B
| $210K | ﹤0.01% |
5,304
-2,700
| -34% | -$104K |
|
4146
iShares Core MSCI Europe ETF
IEUR
$8.77B
| $209K | ﹤0.01% |
3,074
-1,000
| -25% | -$66.7K |
|
|
NOAH
4147
Noah Holdings
NOAH
$590M
| $208K | ﹤0.01% |
17,983
+1,577
| +10% | +$18.8K |
|
4148
GMO US Quality ETF
QLTY
$4.78B
| $207K | ﹤0.01% |
5,732
-2,500
| -30% | -$87.3K |
|
4149
CALL
LGI Homes
LGIH
$1.41B
| $207K | ﹤0.01% |
+4,000
| New | +$233K |
|
4150
Alphatec Holdings
ATEC
$1.35B
| $205K | ﹤0.01% |
+14,128
| New | +$197K |
|
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.