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 | |
|---|---|---|---|---|---|---|
2801
Amerant Bancorp
AMTB
$1.13B
| $2.16M | ﹤0.01% |
111,839
+35,776
| +47% | +$721K |
|
2802
Quanex
NX
$904M
| $2.15M | ﹤0.01% |
+151,152
| New | +$2.83M |
|
2803
Reliance Steel & Aluminium
RS
$20B
| $2.15M | ﹤0.01% |
+7,646
| New | +$2.29M |
|
2804
Sixth Street Specialty
TSLX
$1.79B
| $2.15M | ﹤0.01% |
93,900
+69,294
| +282% | +$1.67M |
|
|
PSKY
2805
PUT
Paramount Skydance Corp
PSKY
$12.1B
| $2.14M | ﹤0.01% |
+112,900
| New | +$1.79M |
|
2806
PUT
CME Group
CME
$101B
| $2.13M | ﹤0.01% |
+7,900
| New | +$2.15M |
|
2807
Digi International
DGII
$2.94B
| $2.13M | ﹤0.01% |
58,441
-8,288
| -12% | -$285K |
|
2808
PUT
Aptiv
APTV
$9.43B
| $2.13M | ﹤0.01% |
24,700
| – | – |
|
2809
Knowles
KN
$2.99B
| $2.13M | ﹤0.01% |
91,284
-65,354
| -42% | -$1.34M |
|
2810
Zentalis Pharmaceuticals
ZNTL
$367M
| $2.13M | ﹤0.01% |
1,408,803
+211,179
| +18% | +$317K |
|
|
TLN
2811
CALL
Talen Energy Corp
TLN
$14.6B
| $2.13M | ﹤0.01% |
5,000
-50,700
| -91% | -$18.3M |
|
|
NFBK
2812
DELISTED
Northfield Bancorp
NFBK
| $2.12M | ﹤0.01% |
179,994
+50,665
| +39% | +$582K |
|
2813
SL Green Realty
SLG
$4.1B
| $2.12M | ﹤0.01% |
35,501
-48,488
| -58% | -$2.87M |
|
|
EXK
2814
Endeavour Silver
EXK
$3.35B
| $2.12M | ﹤0.01% |
270,739
-283,713
| -51% | -$1.67M |
|
2815
Huron Consulting
HURN
$2.54B
| $2.12M | ﹤0.01% |
14,457
-3,391
| -19% | -$462K |
|
2816
Brown-Forman Class A
BF.A
$12.7B
| $2.12M | ﹤0.01% |
+78,755
| New | +$2.29M |
|
2817
Herbalife
HLF
$1.29B
| $2.12M | ﹤0.01% |
251,086
+75,227
| +43% | +$709K |
|
2818
PUT
KKR & Co
KKR
$98.1B
| $2.12M | ﹤0.01% |
16,300
+500
| +3% | +$71K |
|
|
SRG
2819
Seritage Growth Properties
SRG
$117M
| $2.11M | ﹤0.01% |
497,365
+32,803
| +7% | +$115K |
|
2820
Lithia Motors
LAD
$8.16B
| $2.11M | ﹤0.01% |
6,674
+2,651
| +66% | +$855K |
|
2821
Castle Biosciences
CSTL
$1.05B
| $2.11M | ﹤0.01% |
92,614
-55,576
| -38% | -$1.13M |
|
2822
CALL
Vermilion Energy
VET
$1.94B
| $2.11M | ﹤0.01% |
270,000
+70,000
| +35% | +$541K |
|
2823
CALL
Transocean
RIG
$6.41B
| $2.11M | ﹤0.01% |
675,000
| – | – |
|
|
CALY
2824
CALL
Callaway Golf Company
CALY
$2.76B
| $2.11M | ﹤0.01% |
221,600
| – | – |
|
2825
CALL
Watsco Inc
WSO
$12.9B
| $2.1M | ﹤0.01% |
5,200
+200
| +4% | +$85.5K |
|
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.