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 | |
|---|---|---|---|---|---|---|
2401
Flowserve
FLS
$9.63B
| $3.55M | ﹤0.01% |
66,868
-426,882
| -86% | -$23.2M |
|
|
SARO
2402
StandardAero Inc
SARO
$9.64B
| $3.55M | ﹤0.01% |
129,997
+107,593
| +480% | +$3.02M |
|
|
TACH
2403
Titan Acquisition Corp
TACH
$360M
| $3.54M | ﹤0.01% |
350,182
+100,180
| +40% | +$1.01M |
|
2404
PUT
Harley-Davidson
HOG
$2.59B
| $3.54M | ﹤0.01% |
127,000
+67,000
| +112% | +$1.8M |
|
2405
Acco Brands
ACCO
$390M
| $3.54M | ﹤0.01% |
887,777
+74,509
| +9% | +$290K |
|
2406
PUT
Olin
OLN
$2.53B
| $3.54M | ﹤0.01% |
141,700
+26,800
| +23% | +$595K |
|
2407
CALL
Newmont
NEM
$101B
| $3.54M | ﹤0.01% |
42,000
-330,400
| -89% | -$23M |
|
2408
CALL
Hyatt Hotels
H
$16.6B
| $3.53M | ﹤0.01% |
+24,900
| New | +$3.57M |
|
2409
PUT
Electronic Arts
EA
$52.9B
| $3.53M | ﹤0.01% |
17,500
-25,100
| -59% | -$4.15M |
|
2410
CALL
Burlington
BURL
$23.4B
| $3.51M | ﹤0.01% |
13,800
+6,800
| +97% | +$1.85M |
|
2411
CALL
Domino's
DPZ
$11.7B
| $3.5M | ﹤0.01% |
8,100
-7,400
| -48% | -$3.36M |
|
2412
PUT
Sprouts Farmers Market
SFM
$8.17B
| $3.49M | ﹤0.01% |
32,100
+6,300
| +24% | +$917K |
|
2413
CALL
Pagaya Technologies
PGY
$1.47B
| $3.49M | ﹤0.01% |
117,500
-13,300
| -10% | -$430K |
|
2414
First Horizon
FHN
$12.1B
| $3.48M | ﹤0.01% |
+154,070
| New | +$3.42M |
|
2415
Dollar General
DG
$28.1B
| $3.47M | ﹤0.01% |
+33,599
| New | +$3.68M |
|
2416
SkinHealth Systems
SKIN
$87.6M
| $3.46M | ﹤0.01% |
1,740,921
+613,769
| +54% | +$1.25M |
|
2417
CALL
American Eagle Outfitters
AEO
$2.9B
| $3.46M | ﹤0.01% |
202,400
-203,000
| -50% | -$2.78M |
|
2418
Blue Owl Capital
OBDC
$5.36B
| $3.46M | ﹤0.01% |
271,148
-323,877
| -54% | -$4.61M |
|
2419
CALL
OneMain Financial
OMF
$7.32B
| $3.45M | ﹤0.01% |
61,100
| – | – |
|
2420
PUT
Innodata
INOD
$1.96B
| $3.45M | ﹤0.01% |
44,700
+12,800
| +40% | +$647K |
|
|
WAY
2421
Waystar Holding Corp
WAY
$4.02B
| $3.44M | ﹤0.01% |
90,844
+12,572
| +16% | +$466K |
|
|
CCRN
2422
DELISTED
Cross Country Healthcare
CCRN
| $3.44M | ﹤0.01% |
242,317
-5,551
| -2% | -$73.3K |
|
2423
PUT
MGM Resorts International
MGM
$11.7B
| $3.43M | ﹤0.01% |
98,900
+83,600
| +546% | +$3.07M |
|
2424
CALL
Xcel Energy
XEL
$48.8B
| $3.43M | ﹤0.01% |
+42,500
| New | +$3.07M |
|
|
CMA
2425
PUT
DELISTED
Comerica
CMA
| $3.43M | ﹤0.01% |
50,000
| – | – |
|
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.