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 | |
|---|---|---|---|---|---|---|
1351
Wabtec
WAB
$49.1B
| $13.6M | 0.01% |
67,618
+11,468
| +20% | +$2.26M |
|
1352
Primerica
PRI
$9.98B
| $13.5M | 0.01% |
48,726
-22,293
| -31% | -$5.99M |
|
|
EXE
1353
Expand Energy Corp
EXE
$21.8B
| $13.5M | 0.01% |
127,009
-880,641
| -87% | -$88.4M |
|
1354
PUT
BP
BP
$116B
| $13.5M | 0.01% |
391,300
-487,800
| -55% | -$16.3M |
|
|
SCS
1355
DELISTED
Steelcase
SCS
| $13.5M | 0.01% |
782,889
+751,099
| +2,363% | +$10.8M |
|
1356
Thomson Reuters
TRI
$42.8B
| $13.5M | 0.01% |
85,401
-205,970
| -71% | -$38.4M |
|
1357
Fastenal
FAST
$54.7B
| $13.4M | 0.01% |
273,907
+217,589
| +386% | +$10.3M |
|
1358
Innoviva
INVA
$1.55B
| $13.4M | 0.01% |
735,733
-285,877
| -28% | -$5.57M |
|
1359
CALL
General Mills
GIS
$19.1B
| $13.4M | 0.01% |
+266,300
| New | +$13.4M |
|
1360
Zions Bancorporation
ZION
$10.2B
| $13.4M | 0.01% |
236,781
-77,688
| -25% | -$4.32M |
|
1361
QuinStreet
QNST
$890M
| $13.4M | 0.01% |
865,882
+341,655
| +65% | +$5.42M |
|
1362
CALL
Cheniere Energy
LNG
$55.2B
| $13.3M | 0.01% |
56,800
+11,800
| +26% | +$2.77M |
|
1363
Mativ Holdings
MATV
$481M
| $13.3M | 0.01% |
1,179,519
-119,809
| -9% | -$1.19M |
|
1364
Kinsale Capital Group
KNSL
$8.12B
| $13.3M | 0.01% |
31,362
-18,600
| -37% | -$8.43M |
|
1365
Fulcrum Therapeutics
FULC
$273M
| $13.3M | 0.01% |
1,449,423
+272,712
| +23% | +$1.97M |
|
1366
Ziff Davis
ZD
$1.96B
| $13.3M | 0.01% |
349,839
+190,682
| +120% | +$6.68M |
|
1367
IDT Corp
IDT
$1.64B
| $13.3M | 0.01% |
254,071
-120,055
| -32% | -$7.48M |
|
1368
CALL
Archer Aviation
ACHR
$3.54B
| $13.2M | 0.01% |
1,380,000
-600,800
| -30% | -$5.95M |
|
1369
CALL
Marvell Technology
MRVL
$168B
| $13.2M | 0.01% |
157,100
+142,100
| +947% | +$10.5M |
|
1370
Harley-Davidson
HOG
$2.58B
| $13.2M | 0.01% |
472,152
+226,908
| +93% | +$6.09M |
|
1371
CALL
Shell
SHEL
$254B
| $13.2M | 0.01% |
184,100
+15,000
| +9% | +$1.08M |
|
1372
PUT
Toast
TOST
$18.7B
| $13.2M | 0.01% |
360,500
+31,600
| +10% | +$1.37M |
|
1373
Sabra Healthcare REIT
SBRA
$5.34B
| $13.1M | 0.01% |
705,093
-91,957
| -12% | -$1.72M |
|
|
AEXA
1374
American Exceptionalism Acquisition Corp
AEXA
$558M
| $13.1M | 0.01% |
+1,200,000
| New | +$12.9M |
|
1375
Interactive Brokers
IBKR
$39.2B
| $13.1M | 0.01% |
190,528
+140,892
| +284% | +$8.86M |
|
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.