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 |
Netflix
NFLX
|
+$751M |
| 2 |
Advanced Micro Devices
AMD
|
+$751M |
| 3 |
Micron Technology
MU
|
+$426M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$363M |
| 5 |
ExxonMobil
XOM
|
+$356M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$546M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$485M |
| 3 |
VMW
VMware, Inc
VMW
|
+$393M |
| 4 |
Microsoft
MSFT
|
+$336M |
| 5 |
UnitedHealth
UNH
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.03% |
| 2 | Consumer Discretionary | 9.51% |
| 3 | Healthcare | 5.76% |
| 4 | Financials | 5.47% |
| 5 | Communication Services | 4.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Neogen
NEOG
$2B
| $4.01M | ﹤0.01% |
199,443
-691,456
| -78% | -$11.7M |
|
1952
ManpowerGroup
MAN
$2.58B
| $4.01M | ﹤0.01% |
50,441
-67,982
| -57% | -$5.05M |
|
1953
CALL
Nice
NICE
$5.94B
| $3.99M | ﹤0.01% |
20,000
+900
| +5% | +$162K |
|
1954
Shift4
FOUR
$4.35B
| $3.99M | ﹤0.01% |
53,669
+32,300
| +151% | +$1.93M |
|
1955
FirstService
FSV
$6.58B
| $3.99M | ﹤0.01% |
24,611
+6,400
| +35% | +$968K |
|
1956
SIGA Technologies
SIGA
$240M
| $3.99M | ﹤0.01% |
711,729
-83,953
| -11% | -$450K |
|
1957
CALL
Ryder
R
$9.98B
| $3.98M | ﹤0.01% |
34,600
+21,300
| +160% | +$2.24M |
|
1958
PUT
Campbell Soup
CPB
$6.8B
| $3.98M | ﹤0.01% |
92,000
| – | – |
|
|
SKX
1959
PUT
DELISTED
Skechers
SKX
| $3.97M | ﹤0.01% |
63,700
| – | – |
|
1960
Gray Television
GTN
$430M
| $3.97M | ﹤0.01% |
442,651
-175,304
| -28% | -$1.31M |
|
1961
Silgan Holdings
SLGN
$5.07B
| $3.96M | ﹤0.01% |
+87,473
| New | +$3.69M |
|
1962
Organogenesis Holdings
ORGO
$326M
| $3.95M | ﹤0.01% |
966,872
-119,346
| -11% | -$334K |
|
1963
PUT
Realty Income
O
$61.3B
| $3.95M | ﹤0.01% |
68,800
+24,800
| +56% | +$1.3M |
|
1964
CALL
Comcast
CMCSA
$85.8B
| $3.95M | ﹤0.01% |
90,000
-140,000
| -61% | -$6M |
|
|
FYBR
1965
CALL
DELISTED
Frontier Communications
FYBR
| $3.94M | ﹤0.01% |
155,500
-4,000
| -3% | -$80.8K |
|
1966
Old Dominion Freight Line
ODFL
$47.1B
| $3.93M | ﹤0.01% |
19,386
-3,400
| -15% | -$674K |
|
1967
CAVA Group
CAVA
$7.57B
| $3.93M | ﹤0.01% |
+91,405
| New | +$3.19M |
|
1968
Euronet Worldwide
EEFT
$3.15B
| $3.92M | ﹤0.01% |
38,664
+4,541
| +13% | +$387K |
|
1969
CALL
Corning
GLW
$108B
| $3.91M | ﹤0.01% |
+128,300
| New | +$3.67M |
|
1970
Opendoor
OPEN
$3.8B
| $3.91M | ﹤0.01% |
901,072
+789,152
| +705% | +$2.2M |
|
1971
Carlyle Secured Lending
CGBD
$719M
| $3.9M | ﹤0.01% |
260,614
-16,533
| -6% | -$240K |
|
|
ACCD
1972
DELISTED
Accolade Inc
ACCD
| $3.9M | ﹤0.01% |
324,434
-506,009
| -61% | -$4.33M |
|
1973
AtriCure
ATRC
$2.01B
| $3.89M | ﹤0.01% |
109,016
+37,266
| +52% | +$1.39M |
|
|
WCN
1974
CALL
Waste Connections
WCN
$42.7B
| $3.88M | ﹤0.01% |
26,000
-7,000
| -21% | -$961K |
|
1975
Xenon Pharmaceuticals
XENE
$6.28B
| $3.88M | ﹤0.01% |
84,153
+43,606
| +108% | +$1.54M |
|
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D.E. Shaw & Co's Q4 2023 Portfolio in Review
As of Q4 2023, D.E. Shaw & Co held 4,806 positions worth $114B, up 19% from $95.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
D.E. Shaw & Co's Q4 2023 filing shows 575 new, 1,549 increased, 1,464 reduced and 527 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M. The largest sale was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $546M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- D.E. Shaw & Co's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M.
- D.E. Shaw & Co added most to Netflix in Q4 2023, an estimated $751M increase.
- D.E. Shaw & Co's biggest Q4 2023 reduction was Microsoft, cutting an estimated $336M.
- D.E. Shaw & Co fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $546M.
- D.E. Shaw & Co's ten largest holdings make up 12% of its $114B portfolio in Q4 2023.
- D.E. Shaw & Co opened 575 new positions and closed 527 in Q4 2023.
- D.E. Shaw & Co's portfolio value rose 19% quarter-over-quarter to $114B.
Based on D.E. Shaw & Co's 13F filing for Q4 2023, filed 14 Feb 2024.