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 | |
|---|---|---|---|---|---|---|
2776
Cricut
CRCT
$1.19B
| $2.22M | ﹤0.01% |
352,392
+270,267
| +329% | +$1.58M |
|
2777
PagerDuty
PD
$974M
| $2.21M | ﹤0.01% |
134,065
-91,024
| -40% | -$1.45M |
|
2778
Cars.com
CARS
$630M
| $2.21M | ﹤0.01% |
181,176
-4,060
| -2% | -$52.1K |
|
|
SEZL
2779
PUT
Sezzle
SEZL
$4.24B
| $2.21M | ﹤0.01% |
27,800
-900
| -3% | -$103K |
|
|
CSGS
2780
DELISTED
CSG Systems International
CSGS
| $2.21M | ﹤0.01% |
34,325
-88,986
| -72% | -$5.67M |
|
2781
PUT
QuidelOrtho
QDEL
$1.05B
| $2.2M | ﹤0.01% |
+74,700
| New | +$2.04M |
|
2782
Mesa Laboratories
MLAB
$720M
| $2.2M | ﹤0.01% |
32,811
+24,146
| +279% | +$1.74M |
|
|
HTO
2783
H2O America
HTO
$2.64B
| $2.2M | ﹤0.01% |
45,131
+29,128
| +182% | +$1.45M |
|
|
SNBR
2784
DELISTED
Sleep Number
SNBR
| $2.19M | ﹤0.01% |
312,666
-17,595
| -5% | -$154K |
|
2785
Fabrinet
FN
$15.5B
| $2.19M | ﹤0.01% |
6,013
-46,226
| -88% | -$15.2M |
|
2786
Euroseas
ESEA
$539M
| $2.19M | ﹤0.01% |
36,714
+21,679
| +144% | +$1.22M |
|
|
SA
2787
PUT
Seabridge Gold
SA
$3.67B
| $2.18M | ﹤0.01% |
90,400
+78,600
| +666% | +$1.36M |
|
2788
Marqeta
MQ
$1.69B
| $2.18M | ﹤0.01% |
103,242
+61,988
| +150% | +$1.47M |
|
2789
Brady Corp
BRC
$4.4B
| $2.17M | ﹤0.01% |
27,853
+8,256
| +42% | +$610K |
|
2790
CoinShares Bitcoin Mining and Digital Power ETF
WGMI
$229M
| $2.17M | ﹤0.01% |
+49,084
| New | +$1.48M |
|
2791
Zymeworks
ZYME
$2.07B
| $2.17M | ﹤0.01% |
126,923
-128,368
| -50% | -$1.84M |
|
2792
Louisiana-Pacific
LPX
$4.94B
| $2.17M | ﹤0.01% |
24,385
-152,585
| -86% | -$14.1M |
|
2793
F&G Annuities & Life
FG
$3.09B
| $2.16M | ﹤0.01% |
69,203
+32,351
| +88% | +$1.07M |
|
2794
CACI
CACI
$14B
| $2.16M | ﹤0.01% |
4,333
-13,020
| -75% | -$6.29M |
|
2795
Organogenesis Holdings
ORGO
$224M
| $2.16M | ﹤0.01% |
511,636
-101,423
| -17% | -$471K |
|
2796
PUT
Patterson-UTI
PTEN
$4.68B
| $2.16M | ﹤0.01% |
416,800
+200,000
| +92% | +$1.15M |
|
2797
PUT
Nice
NICE
$6.16B
| $2.16M | ﹤0.01% |
14,900
+13,300
| +831% | +$2M |
|
|
AGNT
2798
AGNT Inc
AGNT
$704M
| $2.16M | ﹤0.01% |
202,280
-127,193
| -39% | -$1.35M |
|
2799
Paycom
PAYC
$10.7B
| $2.16M | ﹤0.01% |
10,358
+5,700
| +122% | +$1.28M |
|
2800
PUT
Gartner
IT
$12.4B
| $2.16M | ﹤0.01% |
+8,200
| New | +$2.39M |
|
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.