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 | |
|---|---|---|---|---|---|---|
2426
Lakeland Financial Corp
LKFN
$1.56B
| $3.42M | ﹤0.01% |
53,306
-14,807
| -22% | -$961K |
|
2427
Teva Pharmaceuticals
TEVA
$41.2B
| $3.42M | ﹤0.01% |
169,167
+47,346
| +39% | +$832K |
|
2428
PUT
FTAI Aviation
FTAI
$20.3B
| $3.4M | ﹤0.01% |
20,400
-35,900
| -64% | -$5.11M |
|
|
LPRO
2429
Open Lending Corp
LPRO
$372M
| $3.4M | ﹤0.01% |
1,613,035
+125,397
| +8% | +$283K |
|
2430
CALL
Best Buy
BBY
$18.5B
| $3.4M | ﹤0.01% |
44,900
+35,000
| +354% | +$2.51M |
|
2431
Cactus
WHD
$4.3B
| $3.39M | ﹤0.01% |
+85,940
| New | +$3.61M |
|
2432
PUT
Phillips 66
PSX
$84.4B
| $3.39M | ﹤0.01% |
24,900
-100
| -0.4% | -$12.8K |
|
|
2433
PUT
Teva Pharmaceuticals
TEVA
$41.2B
| $3.38M | ﹤0.01% |
167,300
+19,800
| +13% | +$348K |
|
2434
Backblaze
BLZE
$758M
| $3.38M | ﹤0.01% |
363,951
+321,679
| +761% | +$2.36M |
|
2435
Workiva
WK
$3.29B
| $3.38M | ﹤0.01% |
39,230
+2,262
| +6% | +$170K |
|
2436
Amkor Technology
AMKR
$12B
| $3.38M | ﹤0.01% |
118,900
-1,218,833
| -91% | -$29.3M |
|
2437
CALL
DexCom
DXCM
$28.8B
| $3.36M | ﹤0.01% |
+50,000
| New | +$3.96M |
|
2438
PUT
C3.ai
AI
$1.41B
| $3.35M | ﹤0.01% |
193,300
-55,000
| -22% | -$1.15M |
|
2439
Hilltop Holdings
HTH
$2.26B
| $3.34M | ﹤0.01% |
100,053
-96,592
| -49% | -$3.15M |
|
|
PGAC
2440
Pantages Capital Acquisition Corp
PGAC
$118M
| $3.34M | ﹤0.01% |
325,000
| – | – |
|
2441
PUT
FMC
FMC
$1.48B
| $3.34M | ﹤0.01% |
99,200
-26,800
| -21% | -$1.05M |
|
|
DAY
2442
DELISTED
Dayforce
DAY
| $3.33M | ﹤0.01% |
48,328
-48,169
| -50% | -$3M |
|
2443
Citi Trends
CTRN
$565M
| $3.32M | ﹤0.01% |
107,153
+7,582
| +8% | +$245K |
|
2444
Cognex
CGNX
$10.4B
| $3.32M | ﹤0.01% |
73,379
-1,301,165
| -95% | -$52.6M |
|
2445
NVR
NVR
$16.8B
| $3.32M | ﹤0.01% |
413
-126
| -23% | -$1M |
|
2446
CALL
Carpenter Technology
CRS
$25B
| $3.31M | ﹤0.01% |
13,500
-7,200
| -35% | -$1.84M |
|
2447
CALL
AES
AES
$10.6B
| $3.31M | ﹤0.01% |
251,700
-53,700
| -18% | -$697K |
|
2448
Archer Aviation Redeemable Warrants
ACHR.WS
$19.6M
| $3.3M | ﹤0.01% |
1,507,382
| – | – |
|
|
LGN
2449
Legence Corp
LGN
$4.6B
| $3.3M | ﹤0.01% |
+107,000
| New | +$3.37M |
|
2450
CALL
Bunge Global
BG
$20.4B
| $3.29M | ﹤0.01% |
40,500
-44,900
| -53% | -$3.6M |
|
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.