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 | |
|---|---|---|---|---|---|---|
1476
CALL
Macy's
M
$6.57B
| $7.44M | 0.01% |
370,000
+216,500
| +141% | +$3.13M |
|
1477
CALL
Transocean
RIG
$5.84B
| $7.44M | 0.01% |
1,172,300
-492,100
| -30% | -$3.29M |
|
1478
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.51B
| $7.44M | 0.01% |
461,265
| – | – |
|
1479
Arbor Realty Trust
ABR
$977M
| $7.42M | 0.01% |
489,107
-534,828
| -52% | -$7.36M |
|
1480
CALL
Equifax
EFX
$20.8B
| $7.42M | 0.01% |
30,000
-38,700
| -56% | -$7.85M |
|
1481
PUT
Cloudflare
NET
$94.3B
| $7.41M | 0.01% |
89,000
+59,300
| +200% | +$4.15M |
|
1482
CALL
Crown Castle
CCI
$32.4B
| $7.41M | 0.01% |
64,300
-39,200
| -38% | -$4.02M |
|
1483
American Financial Group
AFG
$12B
| $7.4M | 0.01% |
62,259
-12,722
| -17% | -$1.43M |
|
|
HAPN
1484
Happen Inc
HAPN
$2.16B
| $7.4M | 0.01% |
846,250
+91,437
| +12% | +$575K |
|
|
TELL
1485
DELISTED
Tellurian Inc.
TELL
| $7.38M | 0.01% |
9,767,118
-123,287
| -1% | -$87.4K |
|
1486
PUT
Kinsale Capital Group
KNSL
$8.24B
| $7.37M | 0.01% |
22,000
| – | – |
|
1487
PUT
Alaska Air
ALK
$5.3B
| $7.36M | 0.01% |
188,400
| – | – |
|
1488
Bankunited
BKU
$3.36B
| $7.34M | 0.01% |
226,482
-57,663
| -20% | -$1.49M |
|
1489
CALL
Darling Ingredients
DAR
$9.62B
| $7.34M | 0.01% |
147,200
+48,000
| +48% | +$2.18M |
|
1490
PUT
Bilibili
BILI
$7.47B
| $7.33M | 0.01% |
602,200
+153,500
| +34% | +$2M |
|
|
CUK
1491
DELISTED
Carnival PLC
CUK
| $7.32M | 0.01% |
434,303
+263,208
| +154% | +$3.45M |
|
1492
PUT
BILL Holdings
BILL
$4.47B
| $7.29M | 0.01% |
89,400
-17,500
| -16% | -$1.44M |
|
1493
PUT
LyondellBasell Industries
LYB
$18.9B
| $7.29M | 0.01% |
76,700
-7,100
| -8% | -$664K |
|
1494
N-able
NABL
$823M
| $7.29M | 0.01% |
549,970
+62,516
| +13% | +$793K |
|
1495
CALL
Hilton Worldwide
HLT
$75.3B
| $7.28M | 0.01% |
40,000
| – | – |
|
1496
PUT
Academy Sports + Outdoors
ASO
$3.09B
| $7.28M | 0.01% |
110,300
+70,400
| +176% | +$3.57M |
|
1497
Orion
OEC
$379M
| $7.28M | 0.01% |
262,358
-28,631
| -10% | -$657K |
|
1498
TriNet
TNET
$2.94B
| $7.26M | 0.01% |
61,036
-6,912
| -10% | -$790K |
|
1499
CALL
Constellation Brands
STZ
$22.2B
| $7.25M | 0.01% |
30,000
-2,400
| -7% | -$571K |
|
|
GES
1500
DELISTED
Guess Inc
GES
| $7.23M | 0.01% |
313,655
+141,552
| +82% | +$3.16M |
|
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.