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 | |
|---|---|---|---|---|---|---|
2001
CALL
Plug Power
PLUG
$2.85B
| $5.62M | ﹤0.01% |
2,412,900
+1,787,000
| +286% | +$3.03M |
|
2002
PUT
Campbell Soup
CPB
$6.55B
| $5.62M | ﹤0.01% |
177,900
+160,900
| +946% | +$5.2M |
|
2003
CALL
Helmerich & Payne
HP
$3.45B
| $5.59M | ﹤0.01% |
253,200
-4,000
| -2% | -$73.7K |
|
2004
ARK Genomic Revolution ETF
ARKG
$1.57B
| $5.59M | ﹤0.01% |
+200,734
| New | +$5.07M |
|
2005
CALL
Freshpet
FRPT
$2.94B
| $5.59M | ﹤0.01% |
101,400
+34,300
| +51% | +$2.12M |
|
2006
CALL
ON Semiconductor
ON
$32.5B
| $5.59M | ﹤0.01% |
113,300
-221,700
| -66% | -$11.7M |
|
|
NMP
2007
NMP Acquisition Corp
NMP
| $5.58M | ﹤0.01% |
+562,420
| New | +$5.58M |
|
2008
Leonardo DRS
DRS
$12.1B
| $5.58M | ﹤0.01% |
122,944
-7,893
| -6% | -$344K |
|
|
TMHC
2009
DELISTED
Taylor Morrison
TMHC
| $5.58M | ﹤0.01% |
84,525
-42,269
| -33% | -$2.78M |
|
|
VBTX
2010
DELISTED
Veritex Holdings
VBTX
| $5.57M | ﹤0.01% |
166,087
+93,161
| +128% | +$3M |
|
2011
PUT
Johnson & Johnson
JNJ
$622B
| $5.56M | ﹤0.01% |
30,000
-10,000
| -25% | -$1.71M |
|
|
PDS
2012
Precision Drilling
PDS
$1,000M
| $5.56M | ﹤0.01% |
98,594
+92,494
| +1,516% | +$5.06M |
|
2013
PUT
STMicroelectronics
STM
$47.5B
| $5.55M | ﹤0.01% |
196,500
-280,000
| -59% | -$7.83M |
|
|
GOOS
2014
PUT
Canada Goose Holdings
GOOS
$874M
| $5.55M | ﹤0.01% |
402,700
+202,700
| +101% | +$2.63M |
|
2015
CALL
American Superconductor
AMSC
$1.43B
| $5.55M | ﹤0.01% |
93,400
+84,700
| +974% | +$4.23M |
|
2016
Upstart Holdings
UPST
$2.64B
| $5.55M | ﹤0.01% |
109,190
-543,636
| -83% | -$38.2M |
|
|
PCAP
2017
ProCap Acquisition Corp
PCAP
$327M
| $5.55M | ﹤0.01% |
+540,011
| New | +$5.57M |
|
2018
Trimble
TRMB
$13.2B
| $5.54M | ﹤0.01% |
67,882
+37,745
| +125% | +$3.08M |
|
2019
World Acceptance Corp
WRLD
$840M
| $5.54M | ﹤0.01% |
32,735
-2,983
| -8% | -$502K |
|
2020
PUT
Expedia Group
EXPE
$35.6B
| $5.54M | ﹤0.01% |
25,900
-30,200
| -54% | -$6.06M |
|
2021
Alignment Healthcare
ALHC
$3.25B
| $5.53M | ﹤0.01% |
316,658
+187,074
| +144% | +$2.77M |
|
2022
Zillow
ZG
$7.95B
| $5.53M | ﹤0.01% |
74,228
-98,703
| -57% | -$7.77M |
|
2023
Veeco
VECO
$3.09B
| $5.52M | ﹤0.01% |
181,514
-143,462
| -44% | -$3.42M |
|
2024
Valero Energy
VLO
$92.5B
| $5.52M | ﹤0.01% |
32,421
+18,441
| +132% | +$2.75M |
|
2025
Telephone and Data Systems
TDS
$3.79B
| $5.51M | ﹤0.01% |
140,470
-187,218
| -57% | -$7.21M |
|
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.