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 |
Netflix
NFLX
|
+$751M |
| 2 |
Advanced Micro Devices
AMD
|
+$751M |
| 3 |
Micron Technology
MU
|
+$426M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$363M |
| 5 |
ExxonMobil
XOM
|
+$356M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$546M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$485M |
| 3 |
VMW
VMware, Inc
VMW
|
+$393M |
| 4 |
Microsoft
MSFT
|
+$336M |
| 5 |
UnitedHealth
UNH
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.03% |
| 2 | Consumer Discretionary | 9.51% |
| 3 | Healthcare | 5.76% |
| 4 | Financials | 5.47% |
| 5 | Communication Services | 4.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
PUT
Cenovus Energy
CVE
$54.6B
| $20.6M | 0.02% |
1,235,000
+590,000
| +91% | +$10.8M |
|
827
Protolabs
PRLB
$1.86B
| $20.5M | 0.02% |
527,316
+106,189
| +25% | +$3.44M |
|
828
Grand Canyon Education
LOPE
$3.71B
| $20.5M | 0.02% |
155,282
+58,499
| +60% | +$7.61M |
|
829
Exelixis
EXEL
$13.9B
| $20.5M | 0.02% |
854,140
-645,456
| -43% | -$14M |
|
830
Core & Main
CNM
$8.17B
| $20.5M | 0.02% |
506,665
-321,627
| -39% | -$10.9M |
|
831
Moody's
MCO
$81.7B
| $20.4M | 0.02% |
52,346
+28,277
| +117% | +$9.83M |
|
832
PUT
Cleveland-Cliffs
CLF
$6.81B
| $20.4M | 0.02% |
1,000,900
-225,100
| -18% | -$3.85M |
|
833
Wabash National
WNC
$543M
| $20.4M | 0.02% |
796,753
+226,433
| +40% | +$5.11M |
|
834
NovoCure
NVCR
$2.04B
| $20.4M | 0.02% |
1,365,317
+1,013,867
| +288% | +$13.6M |
|
835
CALL
Las Vegas Sands
LVS
$30.5B
| $20.4M | 0.02% |
414,200
+109,200
| +36% | +$5.16M |
|
836
CALL
Five Below
FIVE
$11.2B
| $20.3M | 0.02% |
95,200
| – | – |
|
837
PUT
FedEx
FDX
$74.5B
| $20.2M | 0.02% |
80,000
| – | – |
|
838
CALL
Snap
SNAP
$7.32B
| $20.2M | 0.02% |
1,195,000
+1,010,000
| +546% | +$12.4M |
|
839
PUT
Thermo Fisher Scientific
TMO
$211B
| $20.2M | 0.02% |
38,100
+26,900
| +240% | +$13M |
|
840
PUT
Prudential Financial
PRU
$41.7B
| $20.2M | 0.02% |
194,600
| – | – |
|
841
CALL
Nucor
NUE
$56.4B
| $20.2M | 0.02% |
115,900
-1,100
| -0.9% | -$174K |
|
842
CALL
Whirlpool
WHR
$2.42B
| $20.1M | 0.02% |
165,400
+10,000
| +6% | +$1.17M |
|
843
PUT
monday.com
MNDY
$3.27B
| $20.1M | 0.02% |
107,200
+39,900
| +59% | +$6.42M |
|
844
Silicon Motion
SIMO
$9.19B
| $20.1M | 0.02% |
328,533
-3,468
| -1% | -$198K |
|
845
Insmed
INSM
$23.2B
| $20M | 0.02% |
646,907
+450,180
| +229% | +$11.7M |
|
846
AMC Global Media
AMCX
$430M
| $20M | 0.02% |
1,066,416
-83,565
| -7% | -$1.24M |
|
847
Cincinnati Financial
CINF
$28.3B
| $20M | 0.02% |
192,972
+14,999
| +8% | +$1.52M |
|
848
PUT
Generac Holdings
GNRC
$11.9B
| $19.9M | 0.02% |
154,300
+13,400
| +10% | +$1.47M |
|
849
PUT
KB Home
KBH
$3.48B
| $19.8M | 0.02% |
317,700
| – | – |
|
850
PUT
KLA
KLAC
$275B
| $19.8M | 0.02% |
341,000
| – | – |
|
Similar funds
D.E. Shaw & Co's Q4 2023 Portfolio in Review
As of Q4 2023, D.E. Shaw & Co held 4,806 positions worth $114B, up 19% from $95.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
D.E. Shaw & Co's Q4 2023 filing shows 575 new, 1,549 increased, 1,464 reduced and 527 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M. The largest sale was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $546M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- D.E. Shaw & Co's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M.
- D.E. Shaw & Co added most to Netflix in Q4 2023, an estimated $751M increase.
- D.E. Shaw & Co's biggest Q4 2023 reduction was Microsoft, cutting an estimated $336M.
- D.E. Shaw & Co fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $546M.
- D.E. Shaw & Co's ten largest holdings make up 12% of its $114B portfolio in Q4 2023.
- D.E. Shaw & Co opened 575 new positions and closed 527 in Q4 2023.
- D.E. Shaw & Co's portfolio value rose 19% quarter-over-quarter to $114B.
Based on D.E. Shaw & Co's 13F filing for Q4 2023, filed 14 Feb 2024.