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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$345M |
| 2 |
Biogen
BIIB
|
+$281M |
| 3 |
Bausch Health
BHC
|
+$244M |
| 4 |
SPDR Gold Trust
GLD
|
+$238M |
| 5 |
Coca-Cola
KO
|
+$206M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$397M |
| 2 |
AGN
Allergan Inc
AGN
|
+$374M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$347M |
| 4 |
Microsoft
MSFT
|
+$265M |
| 5 |
IBM
IBM
|
+$251M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 9.69% |
| 2 | Consumer Discretionary | 9.53% |
| 3 | Technology | 9.28% |
| 4 | Healthcare | 8.29% |
| 5 | Financials | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
JPMorgan Chase
JPM
$939B
| $32.2M | 0.05% |
531,916
-1,374,342
| -72% | -$81.4M |
|
427
PUT
Starbucks
SBUX
$118B
| $32.2M | 0.05% |
679,200
-1,274,000
| -65% | -$57.2M |
|
428
CALL
Chevron
CVX
$388B
| $32.1M | 0.05% |
305,800
-439,200
| -59% | -$46.9M |
|
429
United Airlines
UAL
$38.4B
| $32M | 0.05% |
475,267
-145,035
| -23% | -$9.83M |
|
430
Snap-on
SNA
$20.9B
| $31.6M | 0.05% |
214,550
-19,771
| -8% | -$2.78M |
|
431
PUT
ConocoPhillips
COP
$147B
| $31.5M | 0.05% |
505,200
-312,200
| -38% | -$20.2M |
|
432
Digital Realty Trust
DLR
$73.7B
| $31.4M | 0.05% |
476,526
-262,169
| -35% | -$18M |
|
|
FISV
433
Fiserv Inc
FISV
$27.2B
| $31.4M | 0.05% |
791,516
-446,164
| -36% | -$17M |
|
434
CALL
Verizon
VZ
$194B
| $31.2M | 0.05% |
641,400
+197,060
| +44% | +$9.51M |
|
435
Eli Lilly
LLY
$1.07T
| $31.1M | 0.05% |
428,216
-389,075
| -48% | -$27.7M |
|
436
Graphic Packaging
GPK
$3.26B
| $31.1M | 0.05% |
2,137,609
+1,221,909
| +133% | +$17.9M |
|
437
Royal Bank of Canada
RY
$291B
| $30.9M | 0.05% |
513,584
+261,190
| +103% | +$16.1M |
|
438
PUT
Intuitive Surgical
ISRG
$121B
| $30.9M | 0.05% |
549,900
-146,700
| -21% | -$8.3M |
|
439
Illinois Tool Works
ITW
$81.4B
| $30.8M | 0.05% |
317,266
-328,757
| -51% | -$31.7M |
|
|
BNY
440
Bank of New York Mellon
BNY
$108B
| $30.8M | 0.05% |
765,244
+443,141
| +138% | +$17.3M |
|
441
Nexstar Media Group
NXST
$5.6B
| $30.8M | 0.05% |
537,984
+249,569
| +87% | +$13.2M |
|
442
UnitedHealth
UNH
$382B
| $30.7M | 0.05% |
259,689
-250,572
| -49% | -$27.8M |
|
|
CSC
443
DELISTED
Computer Sciences
CSC
| $30.7M | 0.05% |
1,114,857
-1,897,394
| -63% | -$52.4M |
|
444
Cisco
CSCO
$450B
| $30.7M | 0.05% |
1,114,044
+1,003,186
| +905% | +$28.2M |
|
445
PUT
Illumina
ILMN
$29.4B
| $30.6M | 0.05% |
169,312
-41,428
| -20% | -$7.8M |
|
|
MIC
446
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $30.5M | 0.05% |
370,959
+121,718
| +49% | +$9.26M |
|
447
PUT
3M
MMM
$89B
| $30.4M | 0.05% |
220,542
-631,967
| -74% | -$87.1M |
|
|
RPAI
448
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $30.4M | 0.05% |
1,893,773
-15,303
| -0.8% | -$256K |
|
449
BWX Technologies
BWXT
$16B
| $30.3M | 0.05% |
1,319,884
+544,127
| +70% | +$11.4M |
|
450
PUT
Under Armour
UAA
$3B
| $30.3M | 0.05% |
755,726
-555,113
| -42% | -$20.3M |
|
Similar funds
D.E. Shaw & Co's Q1 2015 Portfolio in Review
As of Q1 2015, D.E. Shaw & Co held 4,408 positions worth $65.3B, down 16% from $77.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
D.E. Shaw & Co withdrew a net $15B in Q1 2015, closing 828 positions and reducing 1,784 holdings. Its most notable exit was Allergan Inc, an estimated $374M position sold in full.
By sector, the portfolio is most concentrated in Energy at 9.7% of assets, up from 8% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, D.E. Shaw & Co opened a new position in SPDR Gold Trust worth $231M.
- D.E. Shaw & Co's largest Q1 2015 buy was SPDR Gold Trust: 2,033,000 shares worth $231M.
- D.E. Shaw & Co added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $345M increase.
- D.E. Shaw & Co's biggest Q1 2015 reduction was LyondellBasell Industries, cutting an estimated $397M.
- D.E. Shaw & Co fully exited Allergan Inc in Q1 2015, selling an estimated $374M.
- D.E. Shaw & Co's ten largest holdings make up 11% of its $65.3B portfolio in Q1 2015.
- D.E. Shaw & Co opened 448 new positions and closed 828 in Q1 2015.
- D.E. Shaw & Co's portfolio value fell 16% quarter-over-quarter to $65.3B.
Based on D.E. Shaw & Co's 13F filing for Q1 2015, filed 15 May 2015.