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 |
Advanced Micro Devices
AMD
|
+$1.52B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.43B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$798M |
| 4 |
Amazon
AMZN
|
+$646M |
| 5 |
Texas Instruments
TXN
|
+$619M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.31B |
| 2 |
Broadcom
AVGO
|
+$1.01B |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$863M |
| 4 |
Western Digital
WDC
|
+$595M |
| 5 |
Meta Platforms (Facebook)
META
|
+$591M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.6% |
| 2 | Consumer Discretionary | 9.12% |
| 3 | Healthcare | 7.62% |
| 4 | Industrials | 7.14% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Dianthus Therapeutics
DNTH
$5.77B
| $6.37M | ﹤0.01% |
154,678
+123,064
| +389% | +$4.77M |
|
2002
Vulcan Materials
VMC
$37.4B
| $6.37M | ﹤0.01% |
22,347
-7,953
| -26% | -$2.33M |
|
2003
Interparfums
IPAR
$3.95B
| $6.36M | ﹤0.01% |
75,004
+20,635
| +38% | +$1.82M |
|
2004
Healthcare Realty
HR
$7.39B
| $6.35M | ﹤0.01% |
374,744
+333,455
| +808% | +$5.93M |
|
2005
PUT
Stellantis
STLA
$16.8B
| $6.35M | ﹤0.01% |
582,700
+73,800
| +15% | +$794K |
|
2006
Nu Skin
NUS
$254M
| $6.34M | ﹤0.01% |
659,262
-596,311
| -47% | -$6.17M |
|
2007
Progyny
PGNY
$2.5B
| $6.34M | ﹤0.01% |
246,851
-718,077
| -74% | -$16.5M |
|
2008
SkyWater Technology
SKYT
$1.54B
| $6.33M | ﹤0.01% |
348,783
+190,044
| +120% | +$3.3M |
|
2009
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$218M
| $6.32M | ﹤0.01% |
165,198
+116,114
| +237% | +$5.69M |
|
2010
Designer Brands
DBI
$290M
| $6.31M | ﹤0.01% |
849,479
+357,261
| +73% | +$1.72M |
|
2011
Aclaris Therapeutics
ACRS
$793M
| $6.31M | ﹤0.01% |
2,096,651
-276,575
| -12% | -$699K |
|
2012
Okta
OKTA
$26B
| $6.31M | ﹤0.01% |
72,954
-151,748
| -68% | -$13.2M |
|
2013
Artisan Partners
APAM
$2.73B
| $6.3M | ﹤0.01% |
154,646
-8,108
| -5% | -$346K |
|
2014
CALL
Innodata
INOD
$1.99B
| $6.29M | ﹤0.01% |
123,500
+41,000
| +50% | +$2.67M |
|
|
EFXT
2015
Enerflex
EFXT
$2.86B
| $6.25M | ﹤0.01% |
405,671
+316,071
| +353% | +$4.2M |
|
2016
Equity Residential
EQR
$25.9B
| $6.24M | ﹤0.01% |
99,024
+3,388
| +4% | +$208K |
|
2017
Seaboard Corp
SEB
$4.34B
| $6.24M | ﹤0.01% |
1,403
+297
| +27% | +$1.17M |
|
2018
PUT
Floor & Decor
FND
$6.14B
| $6.24M | ﹤0.01% |
+102,400
| New | +$6.64M |
|
2019
Federal Agricultural Mortgage
AGM
$2.23B
| $6.23M | ﹤0.01% |
35,510
+9,032
| +34% | +$1.52M |
|
2020
PagerDuty
PD
$794M
| $6.23M | ﹤0.01% |
475,474
+341,409
| +255% | +$4.98M |
|
2021
PUT
Petrobras
PBR
$116B
| $6.22M | ﹤0.01% |
525,000
+202,400
| +63% | +$2.47M |
|
2022
Castle Biosciences
CSTL
$733M
| $6.21M | ﹤0.01% |
159,709
+67,095
| +72% | +$2.16M |
|
|
PCAP
2023
ProCap Acquisition Corp
PCAP
$326M
| $6.19M | ﹤0.01% |
610,731
+70,720
| +13% | +$725K |
|
2024
RingCentral
RNG
$3.47B
| $6.18M | ﹤0.01% |
+214,043
| New | +$6.09M |
|
|
AACB
2025
Artius II Acquisition Inc
AACB
$292M
| $6.18M | ﹤0.01% |
600,000
| – | – |
|
Similar funds
D.E. Shaw & Co's Q4 2025 Portfolio in Review
As of Q4 2025, D.E. Shaw & Co held 5,141 positions worth $182B, up 3% from $177B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
D.E. Shaw & Co's Q4 2025 filing shows 639 new, 1,734 increased, 1,574 reduced and 583 closed positions. Its largest new stake was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M. The largest sale was Micron Technology, an estimated $1.31B.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- D.E. Shaw & Co's largest Q4 2025 buy was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M.
- D.E. Shaw & Co added most to Advanced Micro Devices in Q4 2025, an estimated $1.52B increase.
- D.E. Shaw & Co's biggest Q4 2025 reduction was Micron Technology, cutting an estimated $1.31B.
- D.E. Shaw & Co fully exited Vanguard Short-Term Corporate Bond ETF in Q4 2025, selling an estimated $499M.
- D.E. Shaw & Co's ten largest holdings make up 12% of its $182B portfolio in Q4 2025.
- D.E. Shaw & Co opened 639 new positions and closed 583 in Q4 2025.
- D.E. Shaw & Co's portfolio value rose 3% quarter-over-quarter to $182B.
Based on D.E. Shaw & Co's 13F filing for Q4 2025, filed 17 Feb 2026.