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 |
ATVI
Activision Blizzard
ATVI
|
+$757M |
| 2 |
Alibaba
BABA
|
+$544M |
| 3 |
Booking.com
BKNG
|
+$475M |
| 4 |
XLNX
Xilinx Inc
XLNX
|
+$377M |
| 5 |
Caterpillar
CAT
|
+$285M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.07B |
| 2 |
Amazon
AMZN
|
+$486M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$443M |
| 4 |
Salesforce
CRM
|
+$363M |
| 5 |
Qualcomm
QCOM
|
+$352M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.27% |
| 2 | Consumer Discretionary | 9.91% |
| 3 | Healthcare | 7.11% |
| 4 | Financials | 6.94% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Oracle
ORCL
$331B
| $56.4M | 0.05% |
647,808
+609,479
| +1,590% | +$53.8M |
|
427
Cencora
COR
$60.3B
| $56.4M | 0.05% |
472,183
-174,104
| -27% | -$20.9M |
|
|
428
PUT
Alphabet (Google) Class C
GOOG
$3.9T
| $56.2M | 0.05% |
422,000
+22,000
| +6% | +$3.03M |
|
|
HAPN
429
Happen Inc
HAPN
$2.08B
| $56M | 0.05% |
1,983,789
+79,221
| +4% | +$1.96M |
|
430
American Airlines Group
AAL
$9.58B
| $55.8M | 0.05% |
2,718,926
+2,104,218
| +342% | +$42.7M |
|
|
SAGE
431
DELISTED
Sage Therapeutics
SAGE
| $55.7M | 0.05% |
1,256,291
-60,852
| -5% | -$2.79M |
|
432
PUT
Carvana
CVNA
$43.3B
| $55.6M | 0.05% |
922,000
+572,000
| +163% | +$38M |
|
433
CALL
Credit Acceptance
CACC
$6B
| $55.2M | 0.05% |
94,300
+46,300
| +96% | +$25.2M |
|
434
CALL
Verizon
VZ
$194B
| $55.2M | 0.05% |
1,021,500
+851,500
| +501% | +$47.1M |
|
435
CALL
Cloudflare
NET
$93B
| $55.2M | 0.05% |
489,700
+232,200
| +90% | +$27.7M |
|
436
PUT
Visa
V
$677B
| $54.7M | 0.05% |
245,500
+224,300
| +1,058% | +$52.6M |
|
437
PUT
Nike
NKE
$61.9B
| $54.2M | 0.05% |
373,400
+133,300
| +56% | +$21.7M |
|
438
PUT
Las Vegas Sands
LVS
$30.5B
| $54.1M | 0.05% |
1,479,200
+1,399,200
| +1,749% | +$60M |
|
439
Churchill Downs
CHDN
$6.03B
| $54M | 0.05% |
450,052
-55,088
| -11% | -$5.6M |
|
440
Kirby Corp
KEX
$7.95B
| $53.8M | 0.05% |
1,122,778
+227,197
| +25% | +$12.6M |
|
|
SWN
441
DELISTED
Southwestern Energy Company
SWN
| $53.8M | 0.05% |
9,707,866
+1,106,100
| +13% | +$5.4M |
|
442
Floor & Decor
FND
$5.81B
| $53.7M | 0.05% |
444,761
-37,333
| -8% | -$4.45M |
|
443
CALL
Intuit
INTU
$81.1B
| $53.5M | 0.05% |
99,100
+49,100
| +98% | +$26.5M |
|
444
CALL
Blackrock
BLK
$164B
| $53.4M | 0.05% |
63,700
+31,600
| +98% | +$28.3M |
|
445
US Bancorp
USB
$99.6B
| $53.3M | 0.05% |
896,504
-497,136
| -36% | -$28.3M |
|
446
Roku
ROKU
$21.1B
| $53.2M | 0.05% |
169,658
-880,371
| -84% | -$332M |
|
447
Travel + Leisure Co
TNL
$4.54B
| $53.1M | 0.05% |
974,297
+182,988
| +23% | +$10M |
|
448
United Therapeutics
UTHR
$26.3B
| $53.1M | 0.05% |
287,427
-102,121
| -26% | -$20.1M |
|
449
WEC Energy
WEC
$37.7B
| $52.9M | 0.05% |
600,051
-453,812
| -43% | -$42.6M |
|
450
Autodesk
ADSK
$44.3B
| $52.7M | 0.05% |
184,833
-547,316
| -75% | -$168M |
|
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D.E. Shaw & Co's Q3 2021 Portfolio in Review
As of Q3 2021, D.E. Shaw & Co held 5,618 positions worth $111B, down 4.4% from $116B the previous quarter. Its ten largest holdings account for 9.2% of the portfolio.
D.E. Shaw & Co withdrew a net $8.92B in Q3 2021, closing 695 positions and reducing 1,634 holdings. Its most notable exit was Alexion Pharmaceuticals, an estimated $228M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 16% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, D.E. Shaw & Co opened a new position in Sea Limited worth $206M.
- D.E. Shaw & Co's largest Q3 2021 buy was Sea Limited: 645,697 shares worth $206M.
- D.E. Shaw & Co added most to Activision Blizzard in Q3 2021, an estimated $757M increase.
- D.E. Shaw & Co's biggest Q3 2021 reduction was Apple, cutting an estimated $1.07B.
- D.E. Shaw & Co fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $228M.
- D.E. Shaw & Co's ten largest holdings make up 9.2% of its $111B portfolio in Q3 2021.
- D.E. Shaw & Co opened 915 new positions and closed 695 in Q3 2021.
- D.E. Shaw & Co's portfolio value fell 4.4% quarter-over-quarter to $111B.
Based on D.E. Shaw & Co's 13F filing for Q3 2021, filed 15 Nov 2021.