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 | |
|---|---|---|---|---|---|---|
2726
NWPX Infrastructure Inc
NWPX
$1.1B
| $2.36M | ﹤0.01% |
44,630
+951
| +2% | +$45.4K |
|
|
NUVL
2727
DELISTED
Nuvalent
NUVL
| $2.36M | ﹤0.01% |
27,311
-129,477
| -83% | -$10.2M |
|
|
OPFI.WS
2728
DELISTED
OppFi Inc Warrants
OPFI.WS
| $2.36M | ﹤0.01% |
1,049,673
| – | – |
|
2729
PUT
Polaris
PII
$3.63B
| $2.36M | ﹤0.01% |
40,600
-40,000
| -50% | -$2.16M |
|
2730
United States Lime & Minerals
USLM
$3.43B
| $2.36M | ﹤0.01% |
17,927
+7,925
| +79% | +$915K |
|
2731
UDR
UDR
$11.9B
| $2.36M | ﹤0.01% |
63,227
+28,553
| +82% | +$1.11M |
|
2732
VanEck BDC Income ETF
BIZD
$1.71B
| $2.36M | ﹤0.01% |
+157,674
| New | +$2.52M |
|
2733
Mission Produce
AVO
$1.11B
| $2.35M | ﹤0.01% |
195,800
-103,917
| -35% | -$1.28M |
|
2734
PUT
Conagra Brands
CAG
$7.69B
| $2.35M | ﹤0.01% |
+128,500
| New | +$2.46M |
|
|
QXO
2735
QXO Inc
QXO
$14.4B
| $2.35M | ﹤0.01% |
123,305
-1,536,886
| -93% | -$31.8M |
|
2736
CALL
Novavax
NVAX
$1.49B
| $2.35M | ﹤0.01% |
271,000
+3,800
| +1% | +$29.6K |
|
2737
Immersion
IMMR
$259M
| $2.34M | ﹤0.01% |
319,461
+204,972
| +179% | +$1.49M |
|
2738
CALL
AppFolio
APPF
$8.22B
| $2.34M | ﹤0.01% |
+8,500
| New | +$2.3M |
|
|
ABVX
2739
Abivax
ABVX
$9.97B
| $2.34M | ﹤0.01% |
+27,537
| New | +$1.69M |
|
|
GRAL
2740
GRAIL Inc
GRAL
$3.68B
| $2.33M | ﹤0.01% |
39,480
-96,433
| -71% | -$3.68M |
|
2741
PUT
Texas Pacific Land
TPL
$25.5B
| $2.33M | ﹤0.01% |
+7,500
| New | +$2.36M |
|
|
VTLE
2742
CALL
DELISTED
Vital Energy
VTLE
| $2.33M | ﹤0.01% |
138,100
-24,500
| -15% | -$414K |
|
|
ARX
2743
Accelerant Holdings
ARX
$4.28B
| $2.33M | ﹤0.01% |
+156,471
| New | +$3.66M |
|
2744
Bank of N.T. Butterfield & Son
NTB
$2.33B
| $2.33M | ﹤0.01% |
54,175
+9,962
| +23% | +$449K |
|
2745
PUT
CF Industries
CF
$19B
| $2.31M | ﹤0.01% |
25,800
+3,300
| +15% | +$294K |
|
2746
Vanguard Energy ETF
VDE
$10.6B
| $2.31M | ﹤0.01% |
+18,332
| New | +$2.26M |
|
2747
PUT
ZIM Integrated Shipping Services
ZIM
$3.36B
| $2.3M | ﹤0.01% |
170,000
| – | – |
|
2748
PUT
RingCentral
RNG
$5.72B
| $2.29M | ﹤0.01% |
+80,900
| New | +$2.36M |
|
2749
StoneX
SNEX
$8.24B
| $2.28M | ﹤0.01% |
50,837
+24,188
| +91% | +$1.03M |
|
|
2750
AppFolio
APPF
$8.22B
| $2.28M | ﹤0.01% |
8,262
-5,485
| -40% | -$1.48M |
|
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.