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 |
Apple
AAPL
|
+$1.2B |
| 2 |
NVIDIA
NVDA
|
+$1.02B |
| 3 |
T-Mobile US
TMUS
|
+$911M |
| 4 |
Netflix
NFLX
|
+$699M |
| 5 |
Micron Technology
MU
|
+$672M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Vernova
GEV
|
+$768M |
| 2 |
Robinhood
HOOD
|
+$643M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$534M |
| 4 |
Microsoft
MSFT
|
+$493M |
| 5 |
Intuit
INTU
|
+$472M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.33% |
| 2 | Healthcare | 8.66% |
| 3 | Consumer Discretionary | 8.33% |
| 4 | Financials | 6.44% |
| 5 | Industrials | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Revolve Group
RVLV
$1.85B
| $3.93M | ﹤0.01% |
196,066
+77,285
| +65% | +$1.56M |
|
|
GAP
2102
CALL
The Gap Inc
GAP
$7.3B
| $3.93M | ﹤0.01% |
180,200
+151,400
| +526% | +$3.38M |
|
2103
Mercury Systems
MRCY
$5.41B
| $3.93M | ﹤0.01% |
72,924
-18,572
| -20% | -$905K |
|
2104
PUT
Ferrari
RACE
$67.8B
| $3.93M | ﹤0.01% |
8,000
| – | – |
|
2105
CALL
Annaly Capital Management
NLY
$17.3B
| $3.92M | ﹤0.01% |
208,500
| – | – |
|
2106
Compass Minerals
CMP
$1.23B
| $3.92M | ﹤0.01% |
195,260
+34,435
| +21% | +$557K |
|
2107
InvenTrust Properties
IVT
$2.79B
| $3.91M | ﹤0.01% |
142,662
+29,452
| +26% | +$819K |
|
2108
Hamilton Lane
HLNE
$3.88B
| $3.91M | ﹤0.01% |
+27,484
| New | +$4.14M |
|
2109
Avista
AVA
$3.43B
| $3.9M | ﹤0.01% |
102,882
-39,888
| -28% | -$1.57M |
|
2110
CALL
American Eagle Outfitters
AEO
$2.94B
| $3.9M | ﹤0.01% |
405,400
+99,800
| +33% | +$1.07M |
|
2111
CALL
Helmerich & Payne
HP
$3.34B
| $3.9M | ﹤0.01% |
+257,200
| New | +$4.71M |
|
|
GRAL
2112
CALL
GRAIL Inc
GRAL
$2.72B
| $3.89M | ﹤0.01% |
75,700
+51,600
| +214% | +$1.87M |
|
2113
Coeur Mining
CDE
$15.1B
| $3.88M | ﹤0.01% |
437,542
-1,270,315
| -74% | -$9.25M |
|
2114
Trex
TREX
$4.4B
| $3.88M | ﹤0.01% |
71,282
-155,654
| -69% | -$8.82M |
|
2115
Bausch Health
BHC
$1.75B
| $3.88M | ﹤0.01% |
581,719
+33,840
| +6% | +$174K |
|
|
AVDL
2116
DELISTED
Avadel Pharmaceuticals
AVDL
| $3.87M | ﹤0.01% |
437,555
-57,123
| -12% | -$502K |
|
2117
CALL
Realty Income
O
$61.1B
| $3.87M | ﹤0.01% |
67,200
+43,500
| +184% | +$2.46M |
|
|
FL
2118
CALL
DELISTED
Foot Locker
FL
| $3.86M | ﹤0.01% |
157,700
+71,000
| +82% | +$1.29M |
|
2119
CONMED
CNMD
$1.3B
| $3.86M | ﹤0.01% |
74,167
+34,843
| +89% | +$1.91M |
|
2120
CALL
TG Therapeutics
TGTX
$8.19B
| $3.86M | ﹤0.01% |
107,300
+44,800
| +72% | +$1.67M |
|
2121
Radware
RDWR
$983M
| $3.85M | ﹤0.01% |
130,929
-78,695
| -38% | -$1.86M |
|
2122
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $3.85M | ﹤0.01% |
167,018
-19,572
| -10% | -$395K |
|
2123
iShares MSCI Intl Momentum Factor ETF
IMTM
$3.99B
| $3.84M | ﹤0.01% |
+84,086
| New | +$3.59M |
|
2124
St. Joe Company
JOE
$3.55B
| $3.81M | ﹤0.01% |
79,900
-60,508
| -43% | -$2.71M |
|
2125
Materion
MTRN
$3.94B
| $3.81M | ﹤0.01% |
47,967
-22,835
| -32% | -$1.8M |
|
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D.E. Shaw & Co's Q2 2025 Portfolio in Review
As of Q2 2025, D.E. Shaw & Co held 4,838 positions worth $141B, up 26% from $112B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
D.E. Shaw & Co deployed $7.51B of net new capital in Q2 2025, opening 647 new positions and adding to 1,556 existing holdings. Its largest new stake was Sea Limited: 1,365,221 shares worth $218M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was GE Vernova, an estimated $768M trimmed.
- D.E. Shaw & Co's largest Q2 2025 buy was Sea Limited: 1,365,221 shares worth $218M.
- D.E. Shaw & Co added most to Apple in Q2 2025, an estimated $1.2B increase.
- D.E. Shaw & Co's biggest Q2 2025 reduction was GE Vernova, cutting an estimated $768M.
- D.E. Shaw & Co fully exited Novo Nordisk in Q2 2025, selling an estimated $176M.
- D.E. Shaw & Co's ten largest holdings make up 12% of its $141B portfolio in Q2 2025.
- D.E. Shaw & Co opened 647 new positions and closed 532 in Q2 2025.
- D.E. Shaw & Co's portfolio value rose 26% quarter-over-quarter to $141B.
Based on D.E. Shaw & Co's 13F filing for Q2 2025, filed 14 Aug 2025.