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 |
Snap
SNAP
|
+$362M |
| 2 |
Lockheed Martin
LMT
|
+$361M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$354M |
| 4 |
Fidelity National Information Services
FIS
|
+$354M |
| 5 |
Boston Scientific
BSX
|
+$337M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$559M |
| 2 |
Advanced Micro Devices
AMD
|
+$558M |
| 3 |
Boeing
BA
|
+$530M |
| 4 |
Lowe's Companies
LOW
|
+$525M |
| 5 |
Alibaba
BABA
|
+$420M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.37% |
| 2 | Consumer Discretionary | 10.41% |
| 3 | Healthcare | 8.95% |
| 4 | Communication Services | 6.76% |
| 5 | Financials | 6.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGEN
1926
Agenus
AGEN
$272M
| $4.06M | ﹤0.01% |
65,077
+51,479
| +379% | +$3.82M |
|
|
ARGO
1927
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $4.06M | ﹤0.01% |
92,859
-77,488
| -45% | -$3.09M |
|
1928
PUT
Qorvo
QRVO
$8.04B
| $4.06M | ﹤0.01% |
24,400
| – | – |
|
1929
Rogers Corp
ROG
$2.16B
| $4.05M | ﹤0.01% |
26,097
+542
| +2% | +$71.8K |
|
1930
PUT
McKesson
MCK
$106B
| $4.05M | ﹤0.01% |
23,300
+3,300
| +17% | +$550K |
|
1931
Lindblad Expeditions
LIND
$1.92B
| $4.04M | ﹤0.01% |
236,089
-39,372
| -14% | -$451K |
|
1932
Phillips 66
PSX
$84B
| $4.04M | ﹤0.01% |
57,788
-573,131
| -91% | -$33.6M |
|
1933
CytomX Therapeutics
CTMX
$690M
| $4.04M | ﹤0.01% |
615,999
+103,511
| +20% | +$739K |
|
|
HBI
1934
DELISTED
Hanesbrands
HBI
| $4.04M | ﹤0.01% |
276,756
+212,323
| +330% | +$3.2M |
|
1935
Hanmi Financial
HAFC
$945M
| $4.01M | ﹤0.01% |
353,981
+79,778
| +29% | +$798K |
|
1936
Armstrong World Industries
AWI
$7.44B
| $4M | ﹤0.01% |
53,800
-38,252
| -42% | -$2.77M |
|
|
MRO
1937
PUT
DELISTED
Marathon Oil Corporation
MRO
| $4M | ﹤0.01% |
600,000
-103,000
| -15% | -$553K |
|
|
ARR
1938
Armour Residential REIT
ARR
$2.33B
| $4M | ﹤0.01% |
74,149
-33,500
| -31% | -$1.72M |
|
|
TSC
1939
DELISTED
TriState Capital Holdings, Inc.
TSC
| $4M | ﹤0.01% |
229,910
+29,089
| +14% | +$438K |
|
1940
CALL
PG&E
PCG
$39.3B
| $4M | ﹤0.01% |
320,800
-478,900
| -60% | -$5.42M |
|
1941
CALL
T-Mobile US
TMUS
$195B
| $3.99M | ﹤0.01% |
29,610
+15,500
| +110% | +$1.91M |
|
1942
Hawaiian Electric Industries
HE
$2.27B
| $3.98M | ﹤0.01% |
112,567
+21,894
| +24% | +$774K |
|
|
EXAS
1943
PUT
DELISTED
Exact Sciences
EXAS
| $3.98M | ﹤0.01% |
30,000
+19,300
| +180% | +$2.33M |
|
1944
CALL
Simon Property Group
SPG
$76.9B
| $3.97M | ﹤0.01% |
46,500
-216,900
| -82% | -$16.6M |
|
1945
CALL
Motorola Solutions
MSI
$72.9B
| $3.96M | ﹤0.01% |
23,300
-10,000
| -30% | -$1.68M |
|
1946
CALL
XPO
XPO
$23.4B
| $3.95M | ﹤0.01% |
+95,705
| New | +$3.47M |
|
1947
Cathay General Bancorp
CATY
$4.23B
| $3.94M | ﹤0.01% |
122,448
+14,209
| +13% | +$387K |
|
1948
DraftKings
DKNG
$12.1B
| $3.94M | ﹤0.01% |
84,644
-100,399
| -54% | -$4.78M |
|
1949
Par Pacific Holdings
PARR
$4.14B
| $3.94M | ﹤0.01% |
281,551
-15,318
| -5% | -$158K |
|
1950
Universal Insurance Holdings
UVE
$1.24B
| $3.94M | ﹤0.01% |
260,501
+53,564
| +26% | +$755K |
|
Similar funds
D.E. Shaw & Co's Q4 2020 Portfolio in Review
As of Q4 2020, D.E. Shaw & Co held 4,343 positions worth $112B, up 14% from $97.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
D.E. Shaw & Co withdrew a net $10.3B in Q4 2020, closing 477 positions and reducing 1,508 holdings. Its most notable exit was iShares Gold Trust, an estimated $217M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, D.E. Shaw & Co opened a new position in Snowflake worth $147M.
- D.E. Shaw & Co's largest Q4 2020 buy was Snowflake: 523,721 shares worth $147M.
- D.E. Shaw & Co added most to Snap in Q4 2020, an estimated $362M increase.
- D.E. Shaw & Co's biggest Q4 2020 reduction was Tesla, cutting an estimated $559M.
- D.E. Shaw & Co fully exited iShares Gold Trust in Q4 2020, selling an estimated $217M.
- D.E. Shaw & Co's ten largest holdings make up 11% of its $112B portfolio in Q4 2020.
- D.E. Shaw & Co opened 563 new positions and closed 477 in Q4 2020.
- D.E. Shaw & Co's portfolio value rose 14% quarter-over-quarter to $112B.
Based on D.E. Shaw & Co's 13F filing for Q4 2020, filed 16 Feb 2021.