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 | |
|---|---|---|---|---|---|---|
1401
CALL
Southern Company
SO
$109B
| $12.7M | 0.01% |
134,200
+4,200
| +3% | +$392K |
|
1402
PUT
Comfort Systems
FIX
$60.9B
| $12.7M | 0.01% |
+15,400
| New | +$10.4M |
|
1403
Red Rock Resorts
RRR
$3.77B
| $12.7M | 0.01% |
207,793
+153,127
| +280% | +$9.01M |
|
1404
CALL
Eos Energy Enterprises
EOSE
$1.22B
| $12.7M | 0.01% |
+1,113,500
| New | +$7.62M |
|
1405
CALL
Cipher Digital
CIFR
$9.13B
| $12.7M | 0.01% |
+1,006,800
| New | +$7.59M |
|
|
KFII
1406
K&F Growth Acquisition Corp II
KFII
$417M
| $12.6M | 0.01% |
1,237,500
| – | – |
|
1407
Avnet
AVT
$7.29B
| $12.6M | 0.01% |
241,152
+210,823
| +695% | +$11.3M |
|
1408
Boston Properties
BXP
$11.2B
| $12.6M | 0.01% |
169,400
+154,000
| +1,000% | +$10.9M |
|
|
ECHO
1409
PUT
EchoStar
ECHO
$24.4B
| $12.6M | 0.01% |
+164,900
| New | +$7.47M |
|
|
OYSE
1410
Oyster Enterprises II Acquisition Corp
OYSE
$350M
| $12.6M | 0.01% |
+1,252,350
| New | +$12.5M |
|
|
FAC
1411
Factorial Energy Inc
FAC
$589M
| $12.5M | 0.01% |
1,248,100
+1,198,100
| +2,396% | +$12M |
|
|
CNR
1412
Core Natural Resources Inc
CNR
$4.02B
| $12.5M | 0.01% |
+149,897
| New | +$11.2M |
|
1413
Equinor
EQNR
$97.7B
| $12.5M | 0.01% |
512,221
+158,581
| +45% | +$3.98M |
|
|
BLUW
1414
Blue Water Acquisition Corp III
BLUW
$335M
| $12.5M | 0.01% |
+1,252,350
| New | +$12.5M |
|
1415
Wheaton Precious Metals
WPM
$49.5B
| $12.4M | 0.01% |
111,178
+56,345
| +103% | +$5.51M |
|
1416
Hovnanian Enterprises
HOV
$726M
| $12.4M | 0.01% |
96,607
-29,384
| -23% | -$3.92M |
|
1417
PUT
Lemonade
LMND
$3.74B
| $12.4M | 0.01% |
231,500
+160,100
| +224% | +$7.81M |
|
1418
CALL
American Electric Power
AEP
$69.6B
| $12.4M | 0.01% |
110,100
+35,100
| +47% | +$3.84M |
|
1419
Resideo Technologies
REZI
$5.19B
| $12.4M | 0.01% |
286,605
+172,151
| +150% | +$5.38M |
|
1420
CALL
Emcor
EME
$35.2B
| $12.3M | 0.01% |
19,000
+16,600
| +692% | +$10.1M |
|
1421
Westlake Corp
WLK
$9.03B
| $12.3M | 0.01% |
160,009
-182,951
| -53% | -$15.2M |
|
1422
PRA Group
PRAA
$663M
| $12.3M | 0.01% |
798,314
-19,090
| -2% | -$309K |
|
|
WOW
1423
DELISTED
WideOpenWest
WOW
| $12.3M | 0.01% |
2,386,825
+1,407,970
| +144% | +$6.31M |
|
1424
iShares MSCI Japan ETF
EWJ
$21.9B
| $12.3M | 0.01% |
153,429
-272,986
| -64% | -$21.1M |
|
|
SCHW
1425
PUT
Charles Schwab
SCHW
$183B
| $12.3M | 0.01% |
128,800
+14,400
| +13% | +$1.37M |
|
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.