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 | |
|---|---|---|---|---|---|---|
2701
CALL
Forward Air
FWRD
$598M
| $2.47M | ﹤0.01% |
96,500
+76,500
| +383% | +$2.2M |
|
2702
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.3B
| $2.47M | ﹤0.01% |
+114,500
| New | +$2.39M |
|
2703
Franklin Covey
FC
$230M
| $2.47M | ﹤0.01% |
127,106
+18,515
| +17% | +$366K |
|
2704
First Trust Nasdaq Semiconductor ETF
FTXL
$1.29B
| $2.47M | ﹤0.01% |
22,042
| – | – |
|
2705
Apogee Enterprises
APOG
$848M
| $2.46M | ﹤0.01% |
56,502
-93,465
| -62% | -$4.01M |
|
2706
CALL
DigitalBridge
DBRG
$2.99B
| $2.46M | ﹤0.01% |
210,000
| – | – |
|
|
SOHU
2707
Sohu.com
SOHU
$368M
| $2.45M | ﹤0.01% |
156,730
+295
| +0.2% | +$4.51K |
|
2708
CALL
Dutch Bros
BROS
$6.99B
| $2.44M | ﹤0.01% |
46,700
+20,400
| +78% | +$1.29M |
|
2709
AGCO
AGCO
$7.77B
| $2.44M | ﹤0.01% |
22,788
-56,992
| -71% | -$6.29M |
|
2710
CALL
Evercore
EVR
$11.2B
| $2.43M | ﹤0.01% |
7,200
-12,800
| -64% | -$4.01M |
|
2711
CALL
Omega Healthcare
OHI
$14B
| $2.43M | ﹤0.01% |
57,500
| – | – |
|
2712
Aviat Networks
AVNW
$277M
| $2.42M | ﹤0.01% |
105,641
+49,416
| +88% | +$1.14M |
|
2713
Ulta Beauty
ULTA
$23.2B
| $2.42M | ﹤0.01% |
+4,426
| New | +$2.27M |
|
2714
Triple Flag Precious Metals
TFPM
$7.21B
| $2.42M | ﹤0.01% |
82,666
-116,899
| -59% | -$3.02M |
|
2715
M/I Homes
MHO
$3.82B
| $2.42M | ﹤0.01% |
16,738
-28,568
| -63% | -$3.86M |
|
2716
VanEck Vietnam ETF
VNM
$527M
| $2.4M | ﹤0.01% |
134,666
+106,571
| +379% | +$1.79M |
|
|
LTC
2717
LTC Properties
LTC
$2.19B
| $2.4M | ﹤0.01% |
65,046
-12,281
| -16% | -$438K |
|
2718
CALL
Ginkgo Bioworks
DNA
$489M
| $2.39M | ﹤0.01% |
+163,700
| New | +$1.96M |
|
2719
AdaptHealth
AHCO
$774M
| $2.39M | ﹤0.01% |
266,495
+27,860
| +12% | +$258K |
|
2720
PUT
Novavax
NVAX
$1.49B
| $2.38M | ﹤0.01% |
275,000
| – | – |
|
2721
La-Z-Boy
LZB
$1.31B
| $2.38M | ﹤0.01% |
69,405
+62,823
| +954% | +$2.3M |
|
2722
Guidewire Software
GWRE
$16.7B
| $2.38M | ﹤0.01% |
10,347
-300
| -3% | -$68.2K |
|
|
TWO
2723
DELISTED
Two Harbors Investment
TWO
| $2.38M | ﹤0.01% |
+240,914
| New | +$2.43M |
|
2724
CALL
Vital Farms
VITL
$448M
| $2.37M | ﹤0.01% |
57,700
+28,400
| +97% | +$1.23M |
|
2725
Miller Industries
MLR
$656M
| $2.36M | ﹤0.01% |
58,509
+51,293
| +711% | +$2.16M |
|
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.