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 | |
|---|---|---|---|---|---|---|
2601
CALL
Tidewater
TDW
$4.64B
| $2.8M | ﹤0.01% |
52,500
+35,500
| +209% | +$1.95M |
|
2602
Madison Square Garden
MSGE
$3.73B
| $2.8M | ﹤0.01% |
61,833
+40,361
| +188% | +$1.64M |
|
2603
CALL
UGI
UGI
$8.18B
| $2.79M | ﹤0.01% |
83,900
| – | – |
|
2604
Comstock Resources
CRK
$4.31B
| $2.78M | ﹤0.01% |
140,166
-259,675
| -65% | -$4.8M |
|
2605
International Money Express
IMXI
$440M
| $2.77M | ﹤0.01% |
198,504
+54,013
| +37% | +$669K |
|
|
DOCU
2606
PUT
DocuSign
DOCU
$12.5B
| $2.76M | ﹤0.01% |
38,300
+23,300
| +155% | +$1.8M |
|
2607
CALL
Argan
AGX
$6.17B
| $2.75M | ﹤0.01% |
10,200
-5,700
| -36% | -$1.31M |
|
2608
PUT
Wendy's
WEN
$1.56B
| $2.75M | ﹤0.01% |
+300,000
| New | +$3.08M |
|
|
NIQ
2609
NIQ Global Intelligence PLC
NIQ
$5.69B
| $2.75M | ﹤0.01% |
+175,000
| New | +$3.05M |
|
2610
Cadence Design Systems
CDNS
$94.5B
| $2.74M | ﹤0.01% |
7,791
+5,042
| +183% | +$1.73M |
|
2611
IHS Holding
IHS
$2.83B
| $2.73M | ﹤0.01% |
400,896
-168,101
| -30% | -$1.12M |
|
2612
Columbia Financial
CLBK
$1.22B
| $2.73M | ﹤0.01% |
181,870
-6,100
| -3% | -$90.9K |
|
2613
FIVE9
FIVN
$2.6B
| $2.73M | ﹤0.01% |
112,803
+24,956
| +28% | +$660K |
|
2614
Modine Manufacturing
MOD
$9.68B
| $2.73M | ﹤0.01% |
19,201
+16,364
| +577% | +$2.08M |
|
2615
Quad
QUAD
$521M
| $2.73M | ﹤0.01% |
435,888
+150,393
| +53% | +$927K |
|
2616
CALL
Air Products & Chemicals
APD
$68.3B
| $2.73M | ﹤0.01% |
10,000
| – | – |
|
|
2617
PUT
Air Products & Chemicals
APD
$68.3B
| $2.73M | ﹤0.01% |
10,000
| – | – |
|
2618
Grindr
GRND
$2.74B
| $2.72M | ﹤0.01% |
181,394
+25,101
| +16% | +$440K |
|
|
ARIS
2619
DELISTED
Aris Water Solutions
ARIS
| $2.72M | ﹤0.01% |
110,199
+55,868
| +103% | +$1.3M |
|
2620
Vermilion Energy
VET
$1.92B
| $2.72M | ﹤0.01% |
347,992
+258,889
| +291% | +$2M |
|
2621
Ollie's Bargain Outlet
OLLI
$4.29B
| $2.72M | ﹤0.01% |
21,159
+4,164
| +25% | +$553K |
|
|
CGC
2622
Canopy Growth
CGC
$443M
| $2.72M | ﹤0.01% |
+1,862,189
| New | +$2.42M |
|
2623
WesBanco
WSBC
$3.89B
| $2.71M | ﹤0.01% |
+85,016
| New | +$2.71M |
|
2624
PUT
ArcelorMittal
MT
$56.5B
| $2.71M | ﹤0.01% |
75,000
| – | – |
|
2625
CALL
Delek US
DK
$4.39B
| $2.71M | ﹤0.01% |
84,000
+52,100
| +163% | +$1.36M |
|
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.