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 | |
|---|---|---|---|---|---|---|
1201
Boston Properties
BXP
$11B
| $10.8M | 0.01% |
154,192
+65,259
| +73% | +$3.85M |
|
|
SQSP
1202
DELISTED
Squarespace, Inc.
SQSP
| $10.8M | 0.01% |
327,596
-16,722
| -5% | -$489K |
|
1203
CALL
Live Nation Entertainment
LYV
$41.7B
| $10.8M | 0.01% |
115,000
+25,000
| +28% | +$2.15M |
|
1204
PUT
Canadian Imperial Bank of Commerce
CM
$108B
| $10.8M | 0.01% |
223,500
+123,500
| +124% | +$4.94M |
|
1205
CALL
Celestica
CLS
$34.1B
| $10.8M | 0.01% |
367,400
+219,100
| +148% | +$5.83M |
|
1206
Invesco
IVZ
$13.2B
| $10.7M | 0.01% |
601,762
-1,433,944
| -70% | -$20.7M |
|
|
VTLE
1207
DELISTED
Vital Energy
VTLE
| $10.7M | 0.01% |
234,380
-49,532
| -17% | -$2.37M |
|
1208
PUT
First Citizens BancShares
FCNCA
$24.5B
| $10.6M | 0.01% |
7,500
-2,500
| -25% | -$3.51M |
|
1209
CALL
Jabil
JBL
$31.6B
| $10.6M | 0.01% |
83,400
-5,400
| -6% | -$688K |
|
1210
CALL
Norfolk Southern
NSC
$77.3B
| $10.6M | 0.01% |
+44,900
| New | +$9.41M |
|
1211
FTI Consulting
FCN
$4.89B
| $10.6M | 0.01% |
53,259
-18,119
| -25% | -$3.75M |
|
1212
CALL
Warner Bros
WBD
$64B
| $10.6M | 0.01% |
930,500
| – | – |
|
1213
National Vision
EYE
$1.67B
| $10.6M | 0.01% |
504,709
-239,515
| -32% | -$4.25M |
|
1214
Sally Beauty Holdings
SBH
$1.44B
| $10.5M | 0.01% |
793,935
-261,023
| -25% | -$2.53M |
|
1215
Ameriprise Financial
AMP
$47.4B
| $10.5M | 0.01% |
27,712
-64,545
| -70% | -$22.1M |
|
1216
Healthpeak Properties
DOC
$15.3B
| $10.5M | 0.01% |
529,546
-580,082
| -52% | -$10.2M |
|
1217
CALL
Phillips 66
PSX
$83B
| $10.5M | 0.01% |
78,700
+22,100
| +39% | +$2.64M |
|
1218
CALL
Bloom Energy
BE
$51.6B
| $10.4M | 0.01% |
705,400
+495,100
| +235% | +$6.19M |
|
1219
PUT
Antero Resources
AR
$10.7B
| $10.4M | 0.01% |
460,200
+190,200
| +70% | +$4.82M |
|
1220
PBF Energy
PBF
$7.29B
| $10.4M | 0.01% |
237,305
-47,829
| -17% | -$2.17M |
|
1221
CBRE Group
CBRE
$42B
| $10.4M | 0.01% |
111,896
-441,016
| -80% | -$34.3M |
|
1222
CALL
Archer Daniels Midland
ADM
$40.2B
| $10.4M | 0.01% |
143,600
+21,400
| +18% | +$1.57M |
|
1223
PUT
DexCom
DXCM
$28.4B
| $10.4M | 0.01% |
83,500
+75,000
| +882% | +$7.66M |
|
1224
CALL
PennyMac Financial
PFSI
$4.39B
| $10.4M | 0.01% |
117,200
| – | – |
|
1225
CALL
Consolidated Edison
ED
$41.3B
| $10.3M | 0.01% |
113,200
| – | – |
|
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.