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 |
GE Vernova
GEV
|
+$686M |
| 2 |
Walt Disney
DIS
|
+$555M |
| 3 |
Palantir
PLTR
|
+$522M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$493M |
| 5 |
TSMC
TSM
|
+$464M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$981M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$951M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$596M |
| 4 |
Eli Lilly
LLY
|
+$555M |
| 5 |
Arthur J. Gallagher & Co
AJG
|
+$499M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.18% |
| 2 | Healthcare | 9.91% |
| 3 | Consumer Discretionary | 9.25% |
| 4 | Financials | 6.45% |
| 5 | Industrials | 5.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Merchants Bancorp
MBIN
$2.49B
| $3.75M | ﹤0.01% |
101,339
+43,585
| +75% | +$1.72M |
|
2002
Caleres
CAL
$432M
| $3.73M | ﹤0.01% |
216,736
+46,001
| +27% | +$826K |
|
2003
Fox Class B
FOX
$22.1B
| $3.73M | ﹤0.01% |
70,819
-194,071
| -73% | -$9.64M |
|
2004
PUT
argenx
ARGX
$55.2B
| $3.73M | ﹤0.01% |
+6,300
| New | +$3.98M |
|
|
SUPV
2005
Grupo Supervielle
SUPV
$823M
| $3.73M | ﹤0.01% |
285,433
-119,964
| -30% | -$1.83M |
|
2006
CALL
Ovintiv
OVV
$17B
| $3.72M | ﹤0.01% |
86,900
+78,300
| +910% | +$3.34M |
|
2007
CALL
EQT Corp
EQT
$32.9B
| $3.72M | ﹤0.01% |
+69,600
| New | +$3.55M |
|
2008
Werner Enterprises
WERN
$2.2B
| $3.72M | ﹤0.01% |
126,892
+117,090
| +1,195% | +$3.93M |
|
2009
CALL
Autodesk
ADSK
$51.8B
| $3.72M | ﹤0.01% |
14,200
-83,500
| -85% | -$23.7M |
|
2010
PUT
Brinker International
EAT
$8.82B
| $3.71M | ﹤0.01% |
24,900
+21,800
| +703% | +$3.35M |
|
2011
PUT
MetLife
MET
$62.4B
| $3.71M | ﹤0.01% |
46,200
-259,200
| -85% | -$21.6M |
|
2012
Gen Digital
GEN
$16.5B
| $3.71M | ﹤0.01% |
139,621
-106,505
| -43% | -$2.92M |
|
2013
PUT
GitLab
GTLB
$5.75B
| $3.68M | ﹤0.01% |
78,400
-30,100
| -28% | -$1.84M |
|
2014
Lakeland Financial Corp
LKFN
$1.57B
| $3.67M | ﹤0.01% |
+61,734
| New | +$4.05M |
|
2015
DXC Technology
DXC
$1.91B
| $3.67M | ﹤0.01% |
215,106
+136,646
| +174% | +$2.65M |
|
2016
PUT
Harmony Gold Mining
HMY
$9.7B
| $3.67M | ﹤0.01% |
248,300
+26,700
| +12% | +$298K |
|
2017
Liberty Global Class A
LBTYA
$3.59B
| $3.66M | ﹤0.01% |
317,731
+83,653
| +36% | +$973K |
|
2018
Triumph Financial Inc
TFIN
$1.81B
| $3.65M | ﹤0.01% |
63,191
+15,685
| +33% | +$1.14M |
|
2019
Weave Communications
WEAV
$553M
| $3.64M | ﹤0.01% |
328,152
-396,606
| -55% | -$5.69M |
|
2020
CoreCivic
CXW
$2.94B
| $3.63M | ﹤0.01% |
+179,137
| New | +$3.6M |
|
2021
PUT
Targa Resources
TRGP
$56.8B
| $3.63M | ﹤0.01% |
18,100
-39,400
| -69% | -$7.82M |
|
2022
PUT
Papa John's
PZZA
$1.01B
| $3.62M | ﹤0.01% |
88,200
-49,600
| -36% | -$2.12M |
|
2023
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
| $3.62M | ﹤0.01% |
6,800
-69,500
| -91% | -$33.8M |
|
2024
PUT
Visa
V
$677B
| $3.61M | ﹤0.01% |
+10,300
| New | +$3.49M |
|
2025
NMI Holdings
NMIH
$3.37B
| $3.6M | ﹤0.01% |
99,940
+41,936
| +72% | +$1.52M |
|
Similar funds
D.E. Shaw & Co's Q1 2025 Portfolio in Review
As of Q1 2025, D.E. Shaw & Co held 4,902 positions worth $112B, down 18% from $136B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
D.E. Shaw & Co withdrew a net $21.6B in Q1 2025, closing 704 positions and reducing 1,734 holdings. Its most notable exit was iShares Core S&P 500 ETF, an estimated $951M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, D.E. Shaw & Co opened a new position in KKR & Co 6.25% Series D Preferred Stock worth $88.2M.
- D.E. Shaw & Co's largest Q1 2025 buy was KKR & Co 6.25% Series D Preferred Stock: 1,800,000 shares worth $88.2M.
- D.E. Shaw & Co added most to GE Vernova in Q1 2025, an estimated $686M increase.
- D.E. Shaw & Co's biggest Q1 2025 reduction was Boeing, cutting an estimated $981M.
- D.E. Shaw & Co fully exited iShares Core S&P 500 ETF in Q1 2025, selling an estimated $951M.
- D.E. Shaw & Co's ten largest holdings make up 11% of its $112B portfolio in Q1 2025.
- D.E. Shaw & Co opened 569 new positions and closed 704 in Q1 2025.
- D.E. Shaw & Co's portfolio value fell 18% quarter-over-quarter to $112B.
Based on D.E. Shaw & Co's 13F filing for Q1 2025, filed 15 May 2025.