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 |
Snap
SNAP
|
+$362M |
| 2 |
Lockheed Martin
LMT
|
+$361M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$354M |
| 4 |
Fidelity National Information Services
FIS
|
+$354M |
| 5 |
Boston Scientific
BSX
|
+$337M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$559M |
| 2 |
Advanced Micro Devices
AMD
|
+$558M |
| 3 |
Boeing
BA
|
+$530M |
| 4 |
Lowe's Companies
LOW
|
+$525M |
| 5 |
Alibaba
BABA
|
+$420M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.37% |
| 2 | Consumer Discretionary | 10.41% |
| 3 | Healthcare | 8.95% |
| 4 | Communication Services | 6.76% |
| 5 | Financials | 6.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Adient
ADNT
$1.68B
| $3.66M | ﹤0.01% |
105,269
+83,464
| +383% | +$2.35M |
|
2002
PUT
McCormick & Company Non-Voting
MKC
$14.1B
| $3.65M | ﹤0.01% |
38,200
| – | – |
|
2003
CALL
Signet Jewelers
SIG
$3.78B
| $3.65M | ﹤0.01% |
133,800
+50,000
| +60% | +$1.28M |
|
2004
PUT
CME Group
CME
$94.7B
| $3.64M | ﹤0.01% |
+20,000
| New | +$3.4M |
|
|
SUP
2005
DELISTED
Superior Industries International
SUP
| $3.63M | ﹤0.01% |
887,506
+709,569
| +399% | +$2.21M |
|
2006
Five Below
FIVE
$11.6B
| $3.63M | ﹤0.01% |
+20,735
| New | +$3.07M |
|
2007
Burlington
BURL
$23.4B
| $3.62M | ﹤0.01% |
+13,846
| New | +$3.08M |
|
|
FRTA
2008
DELISTED
Forterra, Inc
FRTA
| $3.62M | ﹤0.01% |
210,428
-40,998
| -16% | -$656K |
|
2009
CALL
NovoCure
NVCR
$1.79B
| $3.62M | ﹤0.01% |
20,900
+10,900
| +109% | +$1.49M |
|
|
ATSG
2010
DELISTED
Air Transport Services Group
ATSG
| $3.61M | ﹤0.01% |
115,290
-92,442
| -45% | -$2.7M |
|
|
Y
2011
DELISTED
Alleghany Corp
Y
| $3.61M | ﹤0.01% |
5,978
+685
| +13% | +$400K |
|
|
CBPO
2012
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $3.59M | ﹤0.01% |
30,417
-6,690
| -18% | -$777K |
|
2013
Tenet Healthcare
THC
$22.3B
| $3.59M | ﹤0.01% |
89,917
+62,100
| +223% | +$2M |
|
2014
BGC Group
BGC
$5.73B
| $3.59M | ﹤0.01% |
896,850
-905,936
| -50% | -$3.17M |
|
2015
Petrobras
PBR
$120B
| $3.58M | ﹤0.01% |
319,222
+241,257
| +309% | +$2.14M |
|
2016
VF Corp
VFC
$5.9B
| $3.58M | ﹤0.01% |
41,937
+37,837
| +923% | +$3.02M |
|
2017
ORIX
IX
$43B
| $3.58M | ﹤0.01% |
231,405
+23,175
| +11% | +$327K |
|
|
THCA
2018
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
| $3.58M | ﹤0.01% |
325,000
| – | – |
|
2019
CALL
CarMax
KMX
$8.58B
| $3.56M | ﹤0.01% |
37,700
| – | – |
|
2020
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $3.56M | ﹤0.01% |
+113,600
| New | +$3.59M |
|
|
RDFN
2021
DELISTED
Redfin
RDFN
| $3.56M | ﹤0.01% |
51,867
+42,878
| +477% | +$2.29M |
|
2022
PUT
PepsiCo
PEP
$197B
| $3.56M | ﹤0.01% |
24,000
| – | – |
|
2023
CALL
Tractor Supply
TSCO
$16.3B
| $3.54M | ﹤0.01% |
126,000
| – | – |
|
2024
PUT
Cigna
CI
$79B
| $3.54M | ﹤0.01% |
17,000
-14,900
| -47% | -$2.92M |
|
|
BBBY
2025
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.54M | ﹤0.01% |
+199,100
| New | +$4.13M |
|
Similar funds
D.E. Shaw & Co's Q4 2020 Portfolio in Review
As of Q4 2020, D.E. Shaw & Co held 4,343 positions worth $112B, up 14% from $97.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
D.E. Shaw & Co withdrew a net $10.3B in Q4 2020, closing 477 positions and reducing 1,508 holdings. Its most notable exit was iShares Gold Trust, an estimated $217M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, D.E. Shaw & Co opened a new position in Snowflake worth $147M.
- D.E. Shaw & Co's largest Q4 2020 buy was Snowflake: 523,721 shares worth $147M.
- D.E. Shaw & Co added most to Snap in Q4 2020, an estimated $362M increase.
- D.E. Shaw & Co's biggest Q4 2020 reduction was Tesla, cutting an estimated $559M.
- D.E. Shaw & Co fully exited iShares Gold Trust in Q4 2020, selling an estimated $217M.
- D.E. Shaw & Co's ten largest holdings make up 11% of its $112B portfolio in Q4 2020.
- D.E. Shaw & Co opened 563 new positions and closed 477 in Q4 2020.
- D.E. Shaw & Co's portfolio value rose 14% quarter-over-quarter to $112B.
Based on D.E. Shaw & Co's 13F filing for Q4 2020, filed 16 Feb 2021.