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 | |
|---|---|---|---|---|---|---|
2001
PUT
Jones Lang LaSalle
JLL
$15.9B
| $3.78M | ﹤0.01% |
20,000
| – | – |
|
2002
Employers Holdings
EIG
$912M
| $3.77M | ﹤0.01% |
95,793
+11,726
| +14% | +$456K |
|
2003
CALL
Global E Online
GLBE
$6.53B
| $3.77M | ﹤0.01% |
95,100
| – | – |
|
2004
Kinross Gold
KGC
$28.1B
| $3.77M | ﹤0.01% |
622,638
-694,739
| -53% | -$3.8M |
|
2005
PUT
Ciena
CIEN
$49.6B
| $3.76M | ﹤0.01% |
83,600
| – | – |
|
2006
General Dynamics
GD
$106B
| $3.76M | ﹤0.01% |
14,486
-18,678
| -56% | -$4.56M |
|
2007
Diamondback Energy
FANG
$53.5B
| $3.75M | ﹤0.01% |
24,210
-46,007
| -66% | -$7.21M |
|
2008
PUT
Group 1 Automotive
GPI
$4.17B
| $3.75M | ﹤0.01% |
+12,300
| New | +$3.35M |
|
|
ALE
2009
DELISTED
Allete
ALE
| $3.75M | ﹤0.01% |
61,285
-35,778
| -37% | -$2.01M |
|
2010
MiMedx Group
MDXG
$649M
| $3.75M | ﹤0.01% |
427,129
-236,584
| -36% | -$1.73M |
|
2011
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.17B
| $3.74M | ﹤0.01% |
+58,700
| New | +$3.54M |
|
|
SKX
2012
CALL
DELISTED
Skechers
SKX
| $3.74M | ﹤0.01% |
+60,000
| New | +$3.23M |
|
2013
Supernus Pharmaceuticals
SUPN
$2.77B
| $3.74M | ﹤0.01% |
129,153
+104,130
| +416% | +$2.76M |
|
|
CFLT
2014
CALL
DELISTED
Confluent
CFLT
| $3.73M | ﹤0.01% |
159,200
| – | – |
|
2015
Varex Imaging
VREX
$469M
| $3.72M | ﹤0.01% |
181,672
-128,366
| -41% | -$2.45M |
|
|
ACLX
2016
DELISTED
Arcellx
ACLX
| $3.72M | ﹤0.01% |
+67,074
| New | +$3.03M |
|
2017
Interparfums
IPAR
$4.09B
| $3.7M | ﹤0.01% |
+25,712
| New | +$3.36M |
|
2018
Phreesia
PHR
$671M
| $3.7M | ﹤0.01% |
159,631
-183,098
| -53% | -$3.16M |
|
2019
CALL
Vistra
VST
$50.1B
| $3.69M | ﹤0.01% |
+95,800
| New | +$3.33M |
|
|
CNSL
2020
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $3.69M | ﹤0.01% |
847,959
+173,705
| +26% | +$719K |
|
2021
CSX Corp
CSX
$94.2B
| $3.69M | ﹤0.01% |
106,289
+99,459
| +1,456% | +$3.17M |
|
2022
PUT
Dave & Buster's
PLAY
$361M
| $3.68M | ﹤0.01% |
68,400
| – | – |
|
|
PRSU
2023
Pursuit Attractions and Hospitality Inc
PRSU
$1.48B
| $3.68M | ﹤0.01% |
101,714
+5,475
| +6% | +$166K |
|
2024
Guardant Health
GH
$19B
| $3.68M | ﹤0.01% |
136,029
-90,063
| -40% | -$2.36M |
|
2025
CALL
RB Global
RBA
$21.7B
| $3.68M | ﹤0.01% |
+55,000
| New | +$3.53M |
|
Similar funds
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.