David Shaw D.E. Shaw & Co
David Shaw founded D. E. Shaw & Co., a pioneering quantitative investment firm that helped define systematic trading at scale. With a background in computer science, Shaw built teams that applied advanced computation to markets across equities, derivatives, and other assets. The firm remains one of the most important quant platforms in global finance, even as Shaw’s own public role has shifted over time.
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 | Miscellaneous | 38.56% |
| 2 | Technology | 19.25% |
| 3 | Consumer Discretionary | 7.51% |
| 4 | Financials | 7.11% |
| 5 | Healthcare | 6.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
CALL
Wheaton Precious Metals
WPM
$71.8B
| $3.19M | ﹤0.01% |
28,500
+800
| +3% | +$78.2K |
|
2477
Lennar Class A
LEN
$20.5B
| $3.18M | ﹤0.01% |
+25,196
| New | +$3.13M |
|
2478
Hallador Energy
HNRG
$784M
| $3.17M | ﹤0.01% |
161,933
+7,272
| +5% | +$125K |
|
2479
PUT
BioNTech
BNTX
$28B
| $3.16M | ﹤0.01% |
32,000
-5,000
| -14% | -$535K |
|
2480
CALL
Shake Shack
SHAK
$2.85B
| $3.15M | ﹤0.01% |
33,700
+4,500
| +15% | +$517K |
|
2481
CALL
Cheesecake Factory
CAKE
$5.48B
| $3.15M | ﹤0.01% |
57,700
-52,100
| -47% | -$3.19M |
|
2482
Safety Insurance
SAFT
$1.52B
| $3.15M | ﹤0.01% |
44,597
+29,617
| +198% | +$2.15M |
|
2483
CALL
Matador Resources
MTDR
$7.02B
| $3.15M | ﹤0.01% |
70,100
-400
| -0.6% | -$19.5K |
|
2484
CONMED
CNMD
$1.51B
| $3.15M | ﹤0.01% |
66,956
-7,211
| -10% | -$374K |
|
2485
Solventum
SOLV
$15.5B
| $3.15M | ﹤0.01% |
43,131
-163,666
| -79% | -$12M |
|
|
BBT
2486
Beacon Financial Corp
BBT
$2.64B
| $3.15M | ﹤0.01% |
132,755
-663
| -0.5% | -$17K |
|
2487
BBVA Argentina
BBAR
$2.98B
| $3.15M | ﹤0.01% |
378,196
+131,150
| +53% | +$1.77M |
|
|
DYNC
2488
Dynamix Corp
DYNC
$241M
| $3.15M | ﹤0.01% |
302,200
| – | – |
|
|
NPKI
2489
NPK International
NPKI
$1.15B
| $3.14M | ﹤0.01% |
277,975
+184,755
| +198% | +$1.8M |
|
2490
CALL
GigaCloud Technology
GCT
$1.84B
| $3.14M | ﹤0.01% |
110,700
-15,400
| -12% | -$402K |
|
2491
Golar LNG
GLNG
$5.26B
| $3.14M | ﹤0.01% |
77,744
+29,895
| +62% | +$1.24M |
|
|
BBUC
2492
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$5.73B
| $3.14M | ﹤0.01% |
93,626
+36,589
| +64% | +$1.18M |
|
2493
American Vanguard Corp
AVD
$64.3M
| $3.14M | ﹤0.01% |
546,574
+4,961
| +0.9% | +$23.6K |
|
2494
CALL
Logitech
LOGI
$14B
| $3.14M | ﹤0.01% |
28,600
+13,000
| +83% | +$1.31M |
|
2495
Pearson
PSO
$10B
| $3.14M | ﹤0.01% |
+221,403
| New | +$3.19M |
|
2496
CALL
Dave & Buster's
PLAY
$319M
| $3.12M | ﹤0.01% |
171,700
+53,100
| +45% | +$1.39M |
|
2497
Impinj
PI
$5.14B
| $3.11M | ﹤0.01% |
17,229
+3,784
| +28% | +$597K |
|
2498
Devon Energy
DVN
$51.8B
| $3.11M | ﹤0.01% |
88,794
-645,165
| -88% | -$22M |
|
2499
Axogen
AXGN
$2.78B
| $3.11M | ﹤0.01% |
174,144
-274,289
| -61% | -$3.98M |
|
|
YHNA
2500
YHN Acquisition I Ltd
YHNA
$47.4M
| $3.1M | ﹤0.01% |
296,749
| – | – |
|
Similar funds
David Shaw's Q3 2025 Portfolio in Review
As of Q3 2025, David Shaw held 5,023 positions worth $177B, up 26% from $141B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
David Shaw deployed $8.01B 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 Miscellaneous at 39% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.68B trimmed.
- David Shaw's largest Q3 2025 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 3,319,000 shares worth $370M.
- David Shaw added most to Microsoft in Q3 2025, an estimated $1.9B increase.
- David Shaw's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.68B.
- David Shaw fully exited Hess in Q3 2025, selling an estimated $527M.
- David Shaw's ten largest holdings make up 13% of its $177B portfolio in Q3 2025.
- David Shaw opened 714 new positions and closed 514 in Q3 2025.
- David Shaw'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.