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 | |
|---|---|---|---|---|---|---|
1976
SI-BONE Inc
SIBN
$788M
| $5.79M | ﹤0.01% |
393,009
+49,519
| +14% | +$809K |
|
1977
Donnelley Financial Solutions
DFIN
$1.18B
| $5.78M | ﹤0.01% |
112,443
-17,275
| -13% | -$986K |
|
1978
BlackBerry
BB
$4.98B
| $5.78M | ﹤0.01% |
1,184,952
-11,385,723
| -91% | -$45.2M |
|
1979
Ambev
ABEV
$48.1B
| $5.78M | ﹤0.01% |
2,590,928
-6,934,087
| -73% | -$15.9M |
|
|
RFAI
1980
RF Acquisition Corp II
RFAI
$92.4M
| $5.77M | ﹤0.01% |
541,134
| – | – |
|
1981
CALL
APA Corp
APA
$13.2B
| $5.77M | ﹤0.01% |
237,600
-321,200
| -57% | -$6.78M |
|
|
GOOS
1982
Canada Goose Holdings
GOOS
$872M
| $5.75M | ﹤0.01% |
417,291
+179,368
| +75% | +$2.33M |
|
1983
PBF Energy
PBF
$8.57B
| $5.75M | ﹤0.01% |
190,489
+129,748
| +214% | +$3.39M |
|
1984
Unum
UNM
$13.6B
| $5.74M | ﹤0.01% |
73,859
+44,521
| +152% | +$3.34M |
|
1985
CALL
Alexandria Real Estate Equities
ARE
$8.97B
| $5.74M | ﹤0.01% |
68,900
+64,700
| +1,540% | +$5.18M |
|
1986
Worthington Enterprises
WOR
$2.77B
| $5.74M | ﹤0.01% |
103,465
-71,645
| -41% | -$4.52M |
|
1987
Clean Energy Fuels
CLNE
$427M
| $5.73M | ﹤0.01% |
2,222,565
+1,431,612
| +181% | +$3.35M |
|
1988
Sprout Social
SPT
$516M
| $5.73M | ﹤0.01% |
443,449
+118,168
| +36% | +$1.93M |
|
1989
Alliant Energy
LNT
$18.3B
| $5.73M | ﹤0.01% |
+84,960
| New | +$5.48M |
|
1990
CALL
SiriusXM
SIRI
$9.97B
| $5.71M | ﹤0.01% |
245,399
-8,300
| -3% | -$192K |
|
1991
ATS Corp
ATS
$2.64B
| $5.7M | ﹤0.01% |
217,900
+159,328
| +272% | +$4.59M |
|
1992
CALL
Cadence Design Systems
CDNS
$93.6B
| $5.69M | ﹤0.01% |
16,200
-26,400
| -62% | -$9.08M |
|
1993
CALL
Zeta Global
ZETA
$5.38B
| $5.69M | ﹤0.01% |
+286,300
| New | +$5.14M |
|
1994
CALL
Electronic Arts
EA
$53B
| $5.69M | ﹤0.01% |
28,200
-114,600
| -80% | -$19M |
|
1995
Kontoor Brands
KTB
$4.63B
| $5.66M | ﹤0.01% |
71,015
-161,364
| -69% | -$11.6M |
|
1996
CorVel
CRVL
$3.06B
| $5.65M | ﹤0.01% |
73,008
+20,769
| +40% | +$1.85M |
|
|
AVDL
1997
DELISTED
Avadel Pharmaceuticals
AVDL
| $5.64M | ﹤0.01% |
369,629
-67,926
| -16% | -$884K |
|
1998
CALL
Colgate-Palmolive
CL
$73.1B
| $5.64M | ﹤0.01% |
70,600
+57,100
| +423% | +$4.87M |
|
|
CVSA
1999
Covista Inc
CVSA
$4.25B
| $5.63M | ﹤0.01% |
36,464
-5,384
| -13% | -$689K |
|
|
PCG.PRX
2000
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.37B
| $5.62M | ﹤0.01% |
141,700
-100,000
| -41% | -$3.9M |
|
Similar funds
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.