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 | |
|---|---|---|---|---|---|---|
|
SLCA
1976
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $3.87M | ﹤0.01% |
342,373
-302,731
| -47% | -$3.59M |
|
1977
Addus HomeCare
ADUS
$2.23B
| $3.87M | ﹤0.01% |
41,702
+5,077
| +14% | +$441K |
|
1978
iShares US Home Construction ETF
ITB
$2.41B
| $3.87M | ﹤0.01% |
+38,064
| New | +$3.23M |
|
1979
CALL
PVH
PVH
$4.01B
| $3.87M | ﹤0.01% |
31,700
-10,000
| -24% | -$895K |
|
1980
CALL
Citizens Financial Group
CFG
$30.8B
| $3.87M | ﹤0.01% |
116,800
-151,900
| -57% | -$4.18M |
|
1981
CarParts.com
PRTS
$42.4M
| $3.87M | ﹤0.01% |
122,357
+35,914
| +42% | +$1.21M |
|
|
TWOU
1982
DELISTED
2U Inc
TWOU
| $3.87M | ﹤0.01% |
104,781
+17,424
| +20% | +$851K |
|
1983
Universal Insurance Holdings
UVE
$1.23B
| $3.86M | ﹤0.01% |
241,350
-43,263
| -15% | -$674K |
|
|
VZIO
1984
DELISTED
VIZIO Holding Corp.
VZIO
| $3.84M | ﹤0.01% |
498,497
+315,880
| +173% | +$1.98M |
|
1985
MarketAxess Holdings
MKTX
$4.34B
| $3.84M | ﹤0.01% |
13,106
-93,283
| -88% | -$22.6M |
|
1986
Webster Financial
WBS
$12.5B
| $3.84M | ﹤0.01% |
+75,592
| New | +$3.27M |
|
1987
nLIGHT
LASR
$3.57B
| $3.84M | ﹤0.01% |
284,128
-84,734
| -23% | -$948K |
|
1988
Chefs' Warehouse
CHEF
$4.09B
| $3.84M | ﹤0.01% |
130,314
-78,054
| -37% | -$1.88M |
|
1989
Anika Therapeutics
ANIK
$202M
| $3.84M | ﹤0.01% |
169,244
-22,821
| -12% | -$472K |
|
1990
Signet Jewelers
SIG
$3.81B
| $3.82M | ﹤0.01% |
35,644
-54,471
| -60% | -$4.47M |
|
1991
NerdWallet
NRDS
$630M
| $3.82M | ﹤0.01% |
259,506
+70,865
| +38% | +$781K |
|
|
TPH
1992
DELISTED
Tri Pointe Homes
TPH
| $3.81M | ﹤0.01% |
107,640
-99,828
| -48% | -$2.9M |
|
1993
CF Industries
CF
$18.9B
| $3.8M | ﹤0.01% |
47,758
-281,773
| -86% | -$22.4M |
|
1994
uniQure
QURE
$2.52B
| $3.79M | ﹤0.01% |
560,331
+148,595
| +36% | +$982K |
|
|
AESC
1995
DELISTED
The AES Corporation
AESC
| $3.79M | ﹤0.01% |
+50,000
| New | +$3.24M |
|
1996
Flowserve
FLS
$9.38B
| $3.79M | ﹤0.01% |
+91,888
| New | +$3.53M |
|
1997
PUT
Henry Schein
HSIC
$9.76B
| $3.79M | ﹤0.01% |
+50,000
| New | +$3.5M |
|
1998
Nelnet
NNI
$4.92B
| $3.78M | ﹤0.01% |
42,893
+22,817
| +114% | +$1.97M |
|
1999
RE/MAX Holdings
RMAX
$206M
| $3.78M | ﹤0.01% |
283,652
+9,401
| +3% | +$103K |
|
|
CSGS
2000
DELISTED
CSG Systems International
CSGS
| $3.78M | ﹤0.01% |
71,028
+11,129
| +19% | +$570K |
|
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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.