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 |
Advanced Micro Devices
AMD
|
+$1.52B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.43B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$798M |
| 4 |
Amazon
AMZN
|
+$646M |
| 5 |
Texas Instruments
TXN
|
+$619M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.31B |
| 2 |
Broadcom
AVGO
|
+$1.01B |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$863M |
| 4 |
Western Digital
WDC
|
+$595M |
| 5 |
Meta Platforms (Facebook)
META
|
+$591M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.6% |
| 2 | Consumer Discretionary | 9.12% |
| 3 | Healthcare | 7.62% |
| 4 | Industrials | 7.14% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
Affirm
AFRM
$23.8B
| $11.6M | 0.01% |
155,540
-134,228
| -46% | -$9.66M |
|
1527
CALL
Marathon Digital Holdings
MARA
$4.87B
| $11.5M | 0.01% |
1,283,700
-3,091,500
| -71% | -$45.6M |
|
1528
FedEx
FDX
$74.7B
| $11.5M | 0.01% |
39,880
-9,580
| -19% | -$2.52M |
|
1529
PUT
Stanley Black & Decker
SWK
$13.6B
| $11.5M | 0.01% |
155,000
+7,500
| +5% | +$528K |
|
1530
CALL
Sphere Entertainment
SPHR
$4.77B
| $11.5M | 0.01% |
120,800
+55,200
| +84% | +$4.21M |
|
1531
nLIGHT
LASR
$4.12B
| $11.5M | 0.01% |
306,106
-79,693
| -21% | -$2.66M |
|
1532
State Street Utilities Select Sector SPDR ETF
XLU
$24B
| $11.5M | 0.01% |
268,771
+152,493
| +131% | +$6.75M |
|
1533
WaFd
WAFD
$2.72B
| $11.5M | 0.01% |
357,898
+229,815
| +179% | +$7.1M |
|
1534
iShares Core S&P Small-Cap ETF
IJR
$109B
| $11.5M | 0.01% |
+95,296
| New | +$11.4M |
|
1535
Penske Automotive Group
PAG
$14.2B
| $11.4M | 0.01% |
72,249
+70,066
| +3,210% | +$11.5M |
|
1536
Rogers Communications
RCI
$17.6B
| $11.4M | 0.01% |
302,934
-380,511
| -56% | -$14.3M |
|
1537
PUT
monday.com
MNDY
$3.03B
| $11.4M | 0.01% |
77,400
-62,000
| -44% | -$10.4M |
|
1538
CALL
Valero Energy
VLO
$90.6B
| $11.4M | 0.01% |
70,100
-52,900
| -43% | -$8.96M |
|
1539
CubeSmart
CUBE
$9.29B
| $11.4M | 0.01% |
+316,203
| New | +$12M |
|
|
DRDB
1540
Roman DBDR Acquisition Corp II
DRDB
$324M
| $11.4M | 0.01% |
1,091,788
+50,121
| +5% | +$522K |
|
1541
Live Nation Entertainment
LYV
$41B
| $11.4M | 0.01% |
79,672
+54,952
| +222% | +$7.9M |
|
1542
Fox Factory Holding Corp
FOXF
$765M
| $11.3M | 0.01% |
662,842
+399,040
| +151% | +$7.61M |
|
|
RAC
1543
Rithm Acquisition Corp
RAC
$308M
| $11.3M | 0.01% |
1,090,000
| – | – |
|
1544
Affiliated Managers Group
AMG
$9.19B
| $11.3M | 0.01% |
39,261
-5,349
| -12% | -$1.38M |
|
1545
CALL
Shell
SHEL
$243B
| $11.3M | 0.01% |
153,900
-30,200
| -16% | -$2.22M |
|
1546
AMC Global Media
AMCX
$430M
| $11.3M | 0.01% |
1,187,165
-175,249
| -13% | -$1.48M |
|
1547
Brink's
BCO
$4.99B
| $11.3M | 0.01% |
96,785
+55,058
| +132% | +$6.3M |
|
|
APLS
1548
DELISTED
Apellis Pharmaceuticals
APLS
| $11.3M | 0.01% |
449,676
-7,115
| -2% | -$167K |
|
1549
Graphic Packaging
GPK
$3.25B
| $11.2M | 0.01% |
746,367
-1,108,430
| -60% | -$18.2M |
|
1550
Steven Madden
SHOO
$3.08B
| $11.2M | 0.01% |
269,925
-97,353
| -27% | -$3.76M |
|
Similar funds
D.E. Shaw & Co's Q4 2025 Portfolio in Review
As of Q4 2025, D.E. Shaw & Co held 5,141 positions worth $182B, up 3% from $177B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
D.E. Shaw & Co's Q4 2025 filing shows 639 new, 1,734 increased, 1,574 reduced and 583 closed positions. Its largest new stake was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M. The largest sale was Micron Technology, an estimated $1.31B.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- D.E. Shaw & Co's largest Q4 2025 buy was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M.
- D.E. Shaw & Co added most to Advanced Micro Devices in Q4 2025, an estimated $1.52B increase.
- D.E. Shaw & Co's biggest Q4 2025 reduction was Micron Technology, cutting an estimated $1.31B.
- D.E. Shaw & Co fully exited Vanguard Short-Term Corporate Bond ETF in Q4 2025, selling an estimated $499M.
- D.E. Shaw & Co's ten largest holdings make up 12% of its $182B portfolio in Q4 2025.
- D.E. Shaw & Co opened 639 new positions and closed 583 in Q4 2025.
- D.E. Shaw & Co's portfolio value rose 3% quarter-over-quarter to $182B.
Based on D.E. Shaw & Co's 13F filing for Q4 2025, filed 17 Feb 2026.