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 | |
|---|---|---|---|---|---|---|
1726
FS KKR Capital
FSK
$2.96B
| $8.28M | ﹤0.01% |
554,698
+378,163
| +214% | +$7.16M |
|
1727
Constellation Energy
CEG
$93.8B
| $8.25M | ﹤0.01% |
25,081
-116,480
| -82% | -$37.6M |
|
1728
Antero Midstream
AM
$10.4B
| $8.25M | ﹤0.01% |
424,507
-607,588
| -59% | -$11M |
|
|
KLAR
1729
Klarna Group
KLAR
$7.16B
| $8.25M | ﹤0.01% |
+225,000
| New | +$9.63M |
|
1730
CALL
uniQure
QURE
$3.03B
| $8.24M | ﹤0.01% |
+141,200
| New | +$2.56M |
|
|
JBGS
1731
JBG SMITH
JBGS
$818M
| $8.24M | ﹤0.01% |
370,365
+224,068
| +153% | +$4.61M |
|
1732
PUT
Synopsys
SNPS
$74.4B
| $8.24M | ﹤0.01% |
16,700
-17,000
| -50% | -$9.61M |
|
1733
Invesco China Technology ETF
CQQQ
$3.03B
| $8.22M | ﹤0.01% |
139,219
+95,212
| +216% | +$4.76M |
|
1734
Clearwater Paper
CLW
$339M
| $8.18M | ﹤0.01% |
393,808
+17,412
| +5% | +$421K |
|
1735
Franklin Resources
BEN
$17.6B
| $8.16M | ﹤0.01% |
352,928
+223,336
| +172% | +$5.52M |
|
|
HDSN
1736
Hudson Technologies
HDSN
$254M
| $8.16M | ﹤0.01% |
821,809
+30,146
| +4% | +$283K |
|
1737
PUT
Carlyle Group
CG
$16.6B
| $8.15M | ﹤0.01% |
+130,000
| New | +$8.12M |
|
1738
PUT
Twilio
TWLO
$30B
| $8.12M | ﹤0.01% |
81,100
+18,400
| +29% | +$2.07M |
|
1739
Datadog
DDOG
$95.4B
| $8.12M | ﹤0.01% |
56,989
-13,804
| -19% | -$1.9M |
|
1740
Pennant Group
PNTG
$1.4B
| $8.05M | ﹤0.01% |
319,202
+134,045
| +72% | +$3.29M |
|
|
ZK
1741
DELISTED
Zeekr
ZK
| $8.01M | ﹤0.01% |
+262,675
| New | +$7.61M |
|
1742
CALL
Sysco
SYY
$40.8B
| $8M | ﹤0.01% |
97,200
+17,700
| +22% | +$1.42M |
|
1743
InterDigital
IDCC
$7.87B
| $8M | ﹤0.01% |
23,181
-2,482
| -10% | -$674K |
|
1744
Nelnet
NNI
$4.88B
| $7.97M | ﹤0.01% |
63,565
+17,173
| +37% | +$2.15M |
|
1745
Encompass Health
EHC
$11B
| $7.97M | ﹤0.01% |
62,716
-97,671
| -61% | -$11.6M |
|
1746
Embecta
EMBC
$216M
| $7.96M | ﹤0.01% |
564,243
-54,580
| -9% | -$690K |
|
1747
CALL
Brinker International
EAT
$9.17B
| $7.96M | ﹤0.01% |
62,800
-2,500
| -4% | -$390K |
|
1748
Remitly
RELY
$4.79B
| $7.9M | ﹤0.01% |
484,656
+185,812
| +62% | +$3.33M |
|
1749
Gold Fields
GFI
$29B
| $7.9M | ﹤0.01% |
188,172
+103,343
| +122% | +$3.21M |
|
1750
Hilton Grand Vacations
HGV
$3.59B
| $7.89M | ﹤0.01% |
188,643
+55,686
| +42% | +$2.56M |
|
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.