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 | |
|---|---|---|---|---|---|---|
2201
Helix Energy Solutions
HLX
$1.36B
| $4.54M | ﹤0.01% |
691,516
+233,400
| +51% | +$1.47M |
|
2202
PUT
Trip.com Group
TCOM
$29.3B
| $4.51M | ﹤0.01% |
60,000
-123,200
| -67% | -$8.23M |
|
2203
Sphere Entertainment
SPHR
$5.31B
| $4.51M | ﹤0.01% |
72,589
+31,061
| +75% | +$1.47M |
|
2204
Aclaris Therapeutics
ACRS
$743M
| $4.51M | ﹤0.01% |
2,373,226
-427,056
| -15% | -$745K |
|
2205
Fidelity MSCI Energy Index ETF
FENY
$1.99B
| $4.5M | ﹤0.01% |
+182,232
| New | +$4.41M |
|
2206
First Internet Bancorp
INBK
$229M
| $4.49M | ﹤0.01% |
200,249
+32,892
| +20% | +$810K |
|
2207
Deckers Outdoor
DECK
$13.6B
| $4.48M | ﹤0.01% |
44,210
-42,190
| -49% | -$4.6M |
|
2208
Daktronics
DAKT
$941M
| $4.48M | ﹤0.01% |
214,199
-62,448
| -23% | -$1.12M |
|
2209
CALL
Truist Financial
TFC
$63.5B
| $4.47M | ﹤0.01% |
97,700
+77,900
| +393% | +$3.51M |
|
|
GAU
2210
Galiano Gold
GAU
$468M
| $4.45M | ﹤0.01% |
+2,043,700
| New | +$3.81M |
|
2211
Federal Agricultural Mortgage
AGM
$2.39B
| $4.45M | ﹤0.01% |
26,478
-15,432
| -37% | -$2.89M |
|
2212
ACM Research
ACMR
$5.44B
| $4.44M | ﹤0.01% |
+113,584
| New | +$3.37M |
|
2213
Curtiss-Wright
CW
$26.5B
| $4.43M | ﹤0.01% |
8,152
-13,584
| -62% | -$6.69M |
|
|
AXIN
2214
Axiom Intelligence Acquisition Corp 1
AXIN
$281M
| $4.42M | ﹤0.01% |
+443,241
| New | +$4.42M |
|
2215
iShares MSCI Italy ETF
EWI
$1.01B
| $4.42M | ﹤0.01% |
85,137
-67,410
| -44% | -$3.38M |
|
2216
Marcus Corp
MCS
$912M
| $4.42M | ﹤0.01% |
284,939
+166,004
| +140% | +$2.66M |
|
2217
Moody's
MCO
$83.5B
| $4.41M | ﹤0.01% |
9,247
-28,590
| -76% | -$14.4M |
|
2218
CALL
Interactive Brokers
IBKR
$40.3B
| $4.4M | ﹤0.01% |
64,000
-78,200
| -55% | -$4.92M |
|
2219
Huntsman Corp
HUN
$2.12B
| $4.4M | ﹤0.01% |
490,293
+386,740
| +373% | +$4.06M |
|
|
CRCL
2220
Circle Internet Group
CRCL
$16B
| $4.4M | ﹤0.01% |
+33,199
| New | +$5.25M |
|
2221
AutoNation
AN
$7.18B
| $4.4M | ﹤0.01% |
20,111
-6,745
| -25% | -$1.42M |
|
|
CWEN.A
2222
DELISTED
Clearway Energy Class A
CWEN.A
| $4.4M | ﹤0.01% |
+163,215
| New | +$4.67M |
|
|
ORC
2223
Orchid Island Capital
ORC
$1.32B
| $4.39M | ﹤0.01% |
+625,846
| New | +$4.45M |
|
|
TBCH
2224
Turtle Beach Corp
TBCH
$243M
| $4.37M | ﹤0.01% |
274,576
+26,352
| +11% | +$391K |
|
2225
Southwest Airlines
LUV
$22.3B
| $4.36M | ﹤0.01% |
+136,687
| New | +$4.47M |
|
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.