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 | |
|---|---|---|---|---|---|---|
1926
GATX Corp
GATX
$6.35B
| $6.16M | ﹤0.01% |
35,252
-47,414
| -57% | -$7.67M |
|
1927
CALL
Samsara
IOT
$21.7B
| $6.16M | ﹤0.01% |
165,400
+11,400
| +7% | +$423K |
|
1928
National Bank Holdings
NBHC
$1.92B
| $6.15M | ﹤0.01% |
159,289
+109,722
| +221% | +$4.25M |
|
1929
PUT
Crocs
CROX
$6.36B
| $6.15M | ﹤0.01% |
73,600
+59,400
| +418% | +$5.42M |
|
1930
Arcosa
ACA
$7.13B
| $6.15M | ﹤0.01% |
65,619
+54,483
| +489% | +$5.07M |
|
|
PCH
1931
DELISTED
PotlatchDeltic
PCH
| $6.15M | ﹤0.01% |
150,813
-7,714
| -5% | -$320K |
|
1932
CALL
TSMC
TSM
$2.1T
| $6.14M | ﹤0.01% |
22,000
-8,000
| -27% | -$1.96M |
|
1933
PUT
Etsy
ETSY
$7.75B
| $6.13M | ﹤0.01% |
92,400
-102,700
| -53% | -$6.13M |
|
1934
PUT
NewMarket
NEU
$7.82B
| $6.13M | ﹤0.01% |
7,400
+5,000
| +208% | +$3.85M |
|
|
BAND
1935
Bandwidth Inc
BAND
$1.26B
| $6.12M | ﹤0.01% |
367,326
-98,687
| -21% | -$1.52M |
|
|
DCBO
1936
Docebo
DCBO
$525M
| $6.12M | ﹤0.01% |
224,144
-96,416
| -30% | -$2.91M |
|
1937
PUT
NextEra Energy
NEE
$181B
| $6.11M | ﹤0.01% |
81,000
-34,000
| -30% | -$2.48M |
|
1938
PUT
Hershey
HSY
$35.5B
| $6.1M | ﹤0.01% |
32,600
-100
| -0.3% | -$18.2K |
|
|
AACB
1939
Artius II Acquisition Inc
AACB
$291M
| $6.08M | ﹤0.01% |
600,000
| – | – |
|
1940
Cerus
CERS
$431M
| $6.07M | ﹤0.01% |
3,819,052
+66,948
| +2% | +$90.4K |
|
|
COPL
1941
Copley Acquisition Corp
COPL
$248M
| $6.07M | ﹤0.01% |
600,000
+100,000
| +20% | +$1.01M |
|
|
MACI
1942
Melar Acquisition Corp I
MACI
$236M
| $6.06M | ﹤0.01% |
576,328
| – | – |
|
|
CCAQ
1943
Collective Acquisition Corp
CCAQ
$212M
| $6.05M | ﹤0.01% |
+598,000
| New | +$6.02M |
|
1944
Upbound Group
UPBD
$1.13B
| $6.05M | ﹤0.01% |
255,836
-126,855
| -33% | -$3.13M |
|
1945
CALL
Southwest Airlines
LUV
$22B
| $6.04M | ﹤0.01% |
189,400
+101,200
| +115% | +$3.31M |
|
|
TGNA
1946
DELISTED
TEGNA Inc
TGNA
| $6.04M | ﹤0.01% |
296,896
+252,443
| +568% | +$4.81M |
|
1947
Pitney Bowes
PBI
$2.37B
| $6.03M | ﹤0.01% |
528,101
+4,896
| +0.9% | +$57K |
|
1948
PUT
Peabody Energy
BTU
$2.6B
| $6.01M | ﹤0.01% |
226,700
-200,000
| -47% | -$3.56M |
|
1949
Bausch Health
BHC
$2.57B
| $6.01M | ﹤0.01% |
932,617
+350,898
| +60% | +$2.4M |
|
|
EGHA
1950
EGH Acquisition Corp
EGHA
$212M
| $6.01M | ﹤0.01% |
+600,000
| New | +$6.01M |
|
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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.