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 |
Apple
AAPL
|
+$1.2B |
| 2 |
NVIDIA
NVDA
|
+$1.02B |
| 3 |
T-Mobile US
TMUS
|
+$911M |
| 4 |
Netflix
NFLX
|
+$699M |
| 5 |
Micron Technology
MU
|
+$672M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Vernova
GEV
|
+$768M |
| 2 |
Robinhood
HOOD
|
+$643M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$534M |
| 4 |
Microsoft
MSFT
|
+$493M |
| 5 |
Intuit
INTU
|
+$472M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.33% |
| 2 | Healthcare | 8.66% |
| 3 | Consumer Discretionary | 8.33% |
| 4 | Financials | 6.44% |
| 5 | Industrials | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Archer Aviation Redeemable Warrants
ACHR.WS
$15M
| $4.87M | ﹤0.01% |
1,507,382
| – | – |
|
|
SVC
1952
Service Properties Trust
SVC
$1.05B
| $4.87M | ﹤0.01% |
407,419
+147,879
| +57% | +$1.6M |
|
1953
Axogen
AXGN
$2.2B
| $4.87M | ﹤0.01% |
448,433
-113,993
| -20% | -$1.49M |
|
1954
NextDecade
NEXT
$1.68B
| $4.86M | ﹤0.01% |
545,347
+405,035
| +289% | +$3.14M |
|
1955
CALL
Rubrik
RBRK
$14.8B
| $4.86M | ﹤0.01% |
54,200
+47,000
| +653% | +$3.72M |
|
1956
Cerence
CRNC
$359M
| $4.85M | ﹤0.01% |
475,229
-705,929
| -60% | -$6.21M |
|
1957
Dyne Therapeutics
DYN
$4.68B
| $4.85M | ﹤0.01% |
508,940
+221,287
| +77% | +$2.44M |
|
1958
Century Aluminum
CENX
$4.22B
| $4.84M | ﹤0.01% |
268,668
+240,289
| +847% | +$4.08M |
|
1959
Treace Medical Concepts
TMCI
$262M
| $4.84M | ﹤0.01% |
823,356
-96,818
| -11% | -$631K |
|
1960
MiMedx Group
MDXG
$630M
| $4.84M | ﹤0.01% |
791,781
+185,209
| +31% | +$1.23M |
|
1961
Independence Realty Trust
IRT
$3.98B
| $4.83M | ﹤0.01% |
273,041
+5,737
| +2% | +$108K |
|
1962
Scholar Rock
SRRK
$5.88B
| $4.83M | ﹤0.01% |
136,283
-181,362
| -57% | -$5.69M |
|
1963
Ziff Davis
ZD
$2B
| $4.82M | ﹤0.01% |
159,157
+146,171
| +1,126% | +$4.7M |
|
1964
Expensify
EXFY
$174M
| $4.78M | ﹤0.01% |
1,844,052
-239,066
| -11% | -$611K |
|
1965
Energy Recovery
ERII
$420M
| $4.78M | ﹤0.01% |
373,692
+111,053
| +42% | +$1.5M |
|
1966
First American
FAF
$7.98B
| $4.78M | ﹤0.01% |
77,794
-214,395
| -73% | -$12.7M |
|
1967
U-Haul Holding Co
UHAL
$14B
| $4.75M | ﹤0.01% |
78,513
+1,464
| +2% | +$91.6K |
|
|
IBAC
1968
IB Acquisition Corp
IBAC
$54.1M
| $4.75M | ﹤0.01% |
453,878
+3,878
| +0.9% | +$40.3K |
|
1969
PUT
Sweetgreen
SG
$756M
| $4.75M | ﹤0.01% |
+319,100
| New | +$5.26M |
|
1970
NETGEAR
NTGR
$612M
| $4.74M | ﹤0.01% |
163,047
-8,664
| -5% | -$233K |
|
1971
Lamar Advertising Co
LAMR
$16.7B
| $4.74M | ﹤0.01% |
39,020
+4,789
| +14% | +$556K |
|
1972
Triple Flag Precious Metals
TFPM
$5.93B
| $4.73M | ﹤0.01% |
199,565
+102,985
| +107% | +$2.26M |
|
1973
Global X MSCI Argentina ETF
ARGT
$837M
| $4.73M | ﹤0.01% |
55,854
+16,656
| +42% | +$1.44M |
|
1974
CALL
HubSpot
HUBS
$12.9B
| $4.73M | ﹤0.01% |
8,500
+3,000
| +55% | +$1.76M |
|
1975
CALL
Quanta Services
PWR
$84.2B
| $4.73M | ﹤0.01% |
12,500
-1,500
| -11% | -$482K |
|
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D.E. Shaw & Co's Q2 2025 Portfolio in Review
As of Q2 2025, D.E. Shaw & Co held 4,838 positions worth $141B, up 26% from $112B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
D.E. Shaw & Co deployed $7.51B of net new capital in Q2 2025, opening 647 new positions and adding to 1,556 existing holdings. Its largest new stake was Sea Limited: 1,365,221 shares worth $218M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was GE Vernova, an estimated $768M trimmed.
- D.E. Shaw & Co's largest Q2 2025 buy was Sea Limited: 1,365,221 shares worth $218M.
- D.E. Shaw & Co added most to Apple in Q2 2025, an estimated $1.2B increase.
- D.E. Shaw & Co's biggest Q2 2025 reduction was GE Vernova, cutting an estimated $768M.
- D.E. Shaw & Co fully exited Novo Nordisk in Q2 2025, selling an estimated $176M.
- D.E. Shaw & Co's ten largest holdings make up 12% of its $141B portfolio in Q2 2025.
- D.E. Shaw & Co opened 647 new positions and closed 532 in Q2 2025.
- D.E. Shaw & Co's portfolio value rose 26% quarter-over-quarter to $141B.
Based on D.E. Shaw & Co's 13F filing for Q2 2025, filed 14 Aug 2025.