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 Aerospace
GE
|
+$570M |
| 2 |
Meta Platforms (Facebook)
META
|
+$469M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$342M |
| 4 |
Merck
MRK
|
+$322M |
| 5 |
MON
Monsanto Co
MON
|
+$249M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$434M |
| 2 |
Netflix
NFLX
|
+$301M |
| 3 |
Alibaba
BABA
|
+$245M |
| 4 |
Verizon
VZ
|
+$235M |
| 5 |
Tesla
TSLA
|
+$230M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.27% |
| 2 | Healthcare | 11.28% |
| 3 | Consumer Discretionary | 8.99% |
| 4 | Communication Services | 8.03% |
| 5 | Industrials | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DFS
2026
CALL
DELISTED
Discover Financial Services
DFS
| $2.23M | ﹤0.01% |
+29,000
| New | +$2M |
|
2027
PUT
Copa Holdings
CPA
$5.65B
| $2.23M | ﹤0.01% |
16,600
-20,800
| -56% | -$2.71M |
|
|
DS
2028
DELISTED
Drive Shack Inc.
DS
| $2.22M | ﹤0.01% |
402,143
+3,151
| +0.8% | +$15K |
|
|
P
2029
CALL
DELISTED
Pandora Media Inc
P
| $2.22M | ﹤0.01% |
461,200
| – | – |
|
|
EGRX
2030
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $2.21M | ﹤0.01% |
+41,428
| New | +$2.31M |
|
2031
Cooper-Standard Automotive
CPS
$508M
| $2.21M | ﹤0.01% |
18,057
-5,700
| -24% | -$672K |
|
2032
Hercules Capital
HTGC
$2.95B
| $2.21M | ﹤0.01% |
168,552
+112,548
| +201% | +$1.47M |
|
|
BKCC
2033
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $2.21M | ﹤0.01% |
354,792
+288,643
| +436% | +$1.99M |
|
|
KLXI
2034
DELISTED
KLX Inc.
KLXI
| $2.21M | ﹤0.01% |
38,317
+18,945
| +98% | +$909K |
|
2035
Corcept Therapeutics
CORT
$9.78B
| $2.2M | ﹤0.01% |
121,925
-218,193
| -64% | -$3.95M |
|
|
AAWW
2036
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $2.2M | ﹤0.01% |
37,540
-45,278
| -55% | -$2.7M |
|
2037
PUT
New Oriental
EDU
$7.94B
| $2.2M | ﹤0.01% |
23,400
| – | – |
|
2038
CSX Corp
CSX
$96B
| $2.19M | ﹤0.01% |
+119,652
| New | +$2.12M |
|
|
AZUL
2039
DELISTED
Azul
AZUL
| $2.19M | ﹤0.01% |
91,946
+78,342
| +576% | +$2M |
|
2040
PUT
Illumina
ILMN
$28.7B
| $2.19M | ﹤0.01% |
10,280
| – | – |
|
2041
Marcus & Millichap
MMI
$1.18B
| $2.18M | ﹤0.01% |
66,908
+21,258
| +47% | +$633K |
|
|
ODP
2042
DELISTED
ODP
ODP
| $2.18M | ﹤0.01% |
61,572
-104,270
| -63% | -$3.61M |
|
|
NFX
2043
PUT
DELISTED
Newfield Exploration
NFX
| $2.18M | ﹤0.01% |
69,000
-98,200
| -59% | -$2.98M |
|
2044
American Express
AXP
$226B
| $2.17M | ﹤0.01% |
21,888
-26,380
| -55% | -$2.51M |
|
2045
Agios Pharmaceuticals
AGIO
$2.2B
| $2.17M | ﹤0.01% |
+37,988
| New | +$2.39M |
|
2046
NETGEAR
NTGR
$681M
| $2.17M | ﹤0.01% |
36,905
-143,265
| -80% | -$7.34M |
|
2047
PUT
PNC Financial Services
PNC
$99.6B
| $2.16M | ﹤0.01% |
+15,000
| New | +$2.07M |
|
|
CRZO
2048
PUT
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.16M | ﹤0.01% |
101,700
+1,200
| +1% | +$22.2K |
|
|
PIR
2049
DELISTED
Pier 1 Imports, Inc.
PIR
| $2.16M | ﹤0.01% |
26,070
+418
| +2% | +$37.2K |
|
2050
PUT
SBA Communications
SBAC
$18.3B
| $2.16M | ﹤0.01% |
13,200
+8,900
| +207% | +$1.41M |
|
Similar funds
D.E. Shaw & Co's Q4 2017 Portfolio in Review
As of Q4 2017, D.E. Shaw & Co held 3,940 positions worth $72.6B, up 12% from $65.1B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
D.E. Shaw & Co deployed $3.73B of net new capital in Q4 2017, opening 507 new positions and adding to 1,441 existing holdings. Its largest new stake was iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019: 3,178,870 shares worth $88.8M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $434M trimmed.
- D.E. Shaw & Co's largest Q4 2017 buy was iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019: 3,178,870 shares worth $88.8M.
- D.E. Shaw & Co added most to GE Aerospace in Q4 2017, an estimated $570M increase.
- D.E. Shaw & Co's biggest Q4 2017 reduction was Apple, cutting an estimated $434M.
- D.E. Shaw & Co fully exited Tesla in Q4 2017, selling an estimated $230M.
- D.E. Shaw & Co's ten largest holdings make up 9.5% of its $72.6B portfolio in Q4 2017.
- D.E. Shaw & Co opened 507 new positions and closed 394 in Q4 2017.
- D.E. Shaw & Co's portfolio value rose 12% quarter-over-quarter to $72.6B.
Based on D.E. Shaw & Co's 13F filing for Q4 2017, filed 14 Feb 2018.