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 | |
|---|---|---|---|---|---|---|
2676
Greenlight Captial
GLRE
$503M
| $2.56M | ﹤0.01% |
201,658
+53,184
| +36% | +$694K |
|
2677
CALL
Iron Mountain
IRM
$36.5B
| $2.56M | ﹤0.01% |
25,100
+5,300
| +27% | +$511K |
|
|
DFTX
2678
Definium Therapeutics
DFTX
$5.89B
| $2.55M | ﹤0.01% |
216,334
+157,570
| +268% | +$1.47M |
|
2679
PUT
Sweetgreen
SG
$808M
| $2.55M | ﹤0.01% |
319,100
| – | – |
|
2680
PUT
SL Green Realty
SLG
$4.1B
| $2.54M | ﹤0.01% |
42,500
| – | – |
|
2681
J&J Snack Foods
JJSF
$1.64B
| $2.54M | ﹤0.01% |
26,401
+21,748
| +467% | +$2.41M |
|
2682
PUT
FIVE9
FIVN
$2.58B
| $2.54M | ﹤0.01% |
104,800
+49,800
| +91% | +$1.32M |
|
|
HVMCU
2683
Highview Merger Corp Units
HVMCU
| $2.53M | ﹤0.01% |
+250,000
| New | +$2.52M |
|
2684
PUT
Dave & Buster's
PLAY
$319M
| $2.52M | ﹤0.01% |
138,900
+81,400
| +142% | +$2.14M |
|
2685
Marten Transport
MRTN
$1.18B
| $2.52M | ﹤0.01% |
236,456
+34,592
| +17% | +$421K |
|
2686
VanEck Pharmaceutical ETF
PPH
$997M
| $2.52M | ﹤0.01% |
27,851
-2,403
| -8% | -$210K |
|
2687
Banco de Chile
BCH
$21B
| $2.52M | ﹤0.01% |
83,019
+34,631
| +72% | +$1.01M |
|
2688
Alamo Group
ALG
$2B
| $2.51M | ﹤0.01% |
13,174
-16,296
| -55% | -$3.5M |
|
2689
Tecnoglass Holdings
TGLS
$1.79B
| $2.51M | ﹤0.01% |
37,574
+32,874
| +699% | +$2.43M |
|
2690
Arcos Dorados Holdings
ARCO
$1.67B
| $2.51M | ﹤0.01% |
+371,976
| New | +$2.64M |
|
|
BXBL
2691
BOXABL Inc
BXBL
$1.51B
| $2.5M | ﹤0.01% |
250,000
| – | – |
|
2692
PUT
KeyCorp
KEY
$23.5B
| $2.5M | ﹤0.01% |
133,600
+8,600
| +7% | +$159K |
|
2693
PUT
Transocean
RIG
$6.41B
| $2.5M | ﹤0.01% |
800,000
| – | – |
|
2694
Park National Corp
PRK
$3.58B
| $2.49M | ﹤0.01% |
15,345
-4,264
| -22% | -$719K |
|
2695
CALL
CACI
CACI
$14B
| $2.49M | ﹤0.01% |
5,000
| – | – |
|
2696
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.3B
| $2.49M | ﹤0.01% |
52,024
-32,062
| -38% | -$1.48M |
|
2697
Signet Jewelers
SIG
$3.18B
| $2.48M | ﹤0.01% |
25,881
-1,713
| -6% | -$147K |
|
2698
CALL
Emerson Electric
EMR
$88B
| $2.48M | ﹤0.01% |
18,900
+13,400
| +244% | +$1.83M |
|
2699
CALL
Ramaco Resources Class A
METC
$882M
| $2.48M | ﹤0.01% |
+74,600
| New | +$1.73M |
|
|
LAC
2700
Lithium Americas
LAC
$1.15B
| $2.48M | ﹤0.01% |
+433,522
| New | +$1.37M |
|
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.