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 | |
|---|---|---|---|---|---|---|
2901
Bit Digital
BTBT
$573M
| $1.89M | ﹤0.01% |
+630,439
| New | +$1.91M |
|
2902
Inovio Pharmaceuticals
INO
$130M
| $1.89M | ﹤0.01% |
+806,742
| New | +$1.54M |
|
2903
Bread Financial
BFH
$4.15B
| $1.88M | ﹤0.01% |
33,780
-3,427
| -9% | -$211K |
|
|
MH
2904
McGraw Hill
MH
$2.53B
| $1.88M | ﹤0.01% |
+150,000
| New | +$2.18M |
|
2905
CALL
Asbury Automotive
ABG
$3.78B
| $1.88M | ﹤0.01% |
7,700
-34,200
| -82% | -$8.31M |
|
2906
RB Global
RBA
$15.9B
| $1.88M | ﹤0.01% |
17,382
-49,223
| -74% | -$5.52M |
|
|
THR
2907
DELISTED
Thermon Group Holdings
THR
| $1.88M | ﹤0.01% |
70,349
+56,468
| +407% | +$1.52M |
|
2908
Lindblad Expeditions
LIND
$1.97B
| $1.88M | ﹤0.01% |
146,597
+96,142
| +191% | +$1.27M |
|
2909
PUT
Blackstone Mortgage Trust
BXMT
$2.33B
| $1.87M | ﹤0.01% |
101,800
| – | – |
|
2910
PUT
Piper Sandler
PIPR
$5.27B
| $1.87M | ﹤0.01% |
+21,600
| New | +$1.76M |
|
2911
CALL
BlackSky Technology
BKSY
$1.01B
| $1.87M | ﹤0.01% |
+92,800
| New | +$1.81M |
|
2912
Qualys
QLYS
$6.52B
| $1.87M | ﹤0.01% |
14,113
-6,241
| -31% | -$846K |
|
2913
CALL
Aptiv
APTV
$9.43B
| $1.86M | ﹤0.01% |
21,600
| – | – |
|
2914
Motorcar Parts of America
MPAA
$217M
| $1.86M | ﹤0.01% |
112,572
-103,685
| -48% | -$1.41M |
|
2915
Energy Fuels
UUUU
$3.93B
| $1.86M | ﹤0.01% |
121,084
+4,267
| +4% | +$45.3K |
|
2916
Zumiez
ZUMZ
$298M
| $1.86M | ﹤0.01% |
94,745
-22,854
| -19% | -$377K |
|
2917
iShares Global Infrastructure ETF
IGF
$10.5B
| $1.86M | ﹤0.01% |
30,365
-116,329
| -79% | -$6.98M |
|
2918
CALL
Repligen
RGEN
$10.3B
| $1.84M | ﹤0.01% |
+13,800
| New | +$1.68M |
|
2919
Gaotu Techedu
GOTU
$434M
| $1.84M | ﹤0.01% |
564,633
+153,175
| +37% | +$556K |
|
2920
Mizuho Financial
MFG
$127B
| $1.84M | ﹤0.01% |
274,615
+254,161
| +1,243% | +$1.59M |
|
2921
PUT
Unilever
UL
$139B
| $1.84M | ﹤0.01% |
+27,556
| New | +$1.9M |
|
|
ORKA
2922
Oruka Therapeutics
ORKA
$6.39B
| $1.83M | ﹤0.01% |
95,417
+27,772
| +41% | +$412K |
|
2923
CALL
Credo Technology Group
CRDO
$45.1B
| $1.83M | ﹤0.01% |
12,600
-47,900
| -79% | -$5.86M |
|
2924
PUT
Ondas Inc
ONDS
$4.99B
| $1.83M | ﹤0.01% |
+237,500
| New | +$986K |
|
2925
CALL
First Majestic Silver
AG
$10.7B
| $1.83M | ﹤0.01% |
148,800
-81,200
| -35% | -$752K |
|
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.