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 | |
|---|---|---|---|---|---|---|
|
LKFT
1751
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.84B
| $8.99M | ﹤0.01% |
274,999
+73,830
| +37% | +$2.38M |
|
1752
Kodiak Sciences
KOD
$2.57B
| $8.97M | ﹤0.01% |
320,647
-137,209
| -30% | -$2.81M |
|
1753
CALL
Cleveland-Cliffs
CLF
$6.31B
| $8.95M | ﹤0.01% |
674,100
-132,400
| -16% | -$1.67M |
|
1754
Aaon
AAON
$8.93B
| $8.95M | ﹤0.01% |
+117,360
| New | +$10.8M |
|
1755
Simmons First National
SFNC
$3.29B
| $8.94M | ﹤0.01% |
474,452
-253,382
| -35% | -$4.69M |
|
1756
Emergent Biosolutions
EBS
$389M
| $8.94M | ﹤0.01% |
723,217
+402,050
| +125% | +$4.31M |
|
1757
American International
AIG
$41.3B
| $8.94M | ﹤0.01% |
104,468
-176,545
| -63% | -$14.1M |
|
1758
E.W. Scripps
SSP
$285M
| $8.94M | ﹤0.01% |
2,239,506
-669,644
| -23% | -$2.25M |
|
|
NTWO
1759
Newbury Street II Acquisition Corp
NTWO
| $8.93M | ﹤0.01% |
853,875
| – | – |
|
|
PLMK
1760
Plum Acquisition Corp IV
PLMK
$257M
| $8.91M | ﹤0.01% |
853,875
+153,875
| +22% | +$1.6M |
|
1761
CAVA Group
CAVA
$7.28B
| $8.89M | ﹤0.01% |
151,390
+60,900
| +67% | +$3.4M |
|
|
GAU
1762
Galiano Gold
GAU
$481M
| $8.87M | ﹤0.01% |
3,486,100
+1,442,400
| +71% | +$3.57M |
|
|
TVAI
1763
Thayer Ventures Acquisition Corporation II
TVAI
$281M
| $8.86M | ﹤0.01% |
875,000
| – | – |
|
1764
PUT
Cisco
CSCO
$446B
| $8.8M | ﹤0.01% |
114,300
-343,700
| -75% | -$25.5M |
|
1765
Metropolitan Bank Holding Corp
MCB
$1.11B
| $8.8M | ﹤0.01% |
115,281
-5,532
| -5% | -$410K |
|
1766
CALL
Fluence Energy
FLNC
$1.96B
| $8.79M | ﹤0.01% |
444,300
+93,400
| +27% | +$1.76M |
|
|
MZTI
1767
The Marzetti Company
MZTI
$2.93B
| $8.78M | ﹤0.01% |
53,402
+30,768
| +136% | +$5.13M |
|
1768
Nelnet
NNI
$4.73B
| $8.78M | ﹤0.01% |
66,004
+2,439
| +4% | +$319K |
|
1769
PUT
Valero Energy
VLO
$93.6B
| $8.77M | ﹤0.01% |
53,900
-41,100
| -43% | -$6.96M |
|
1770
PUT
Campbell Soup
CPB
$6.44B
| $8.76M | ﹤0.01% |
314,200
+136,300
| +77% | +$4.1M |
|
1771
CALL
Dave Inc
DAVE
$5.25B
| $8.72M | ﹤0.01% |
39,400
-8,300
| -17% | -$1.79M |
|
|
CFLT
1772
PUT
DELISTED
Confluent
CFLT
| $8.72M | ﹤0.01% |
288,200
+54,900
| +24% | +$1.35M |
|
1773
UL Solutions
ULS
$17.2B
| $8.69M | ﹤0.01% |
+110,164
| New | +$8.84M |
|
|
EHAB
1774
DELISTED
Enhabit
EHAB
| $8.68M | ﹤0.01% |
941,297
-3,046
| -0.3% | -$26.4K |
|
1775
PUT
Snap
SNAP
$7.45B
| $8.68M | ﹤0.01% |
+1,075,000
| New | +$8.5M |
|
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.