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 | |
|---|---|---|---|---|---|---|
2926
PUT
Align Technology
ALGN
$11.3B
| $1.83M | ﹤0.01% |
14,600
-37,700
| -72% | -$5.91M |
|
2927
PUT
Signet Jewelers
SIG
$3.18B
| $1.82M | ﹤0.01% |
19,000
| – | – |
|
2928
Gen Digital
GEN
$18.3B
| $1.82M | ﹤0.01% |
64,111
+35,828
| +127% | +$1.07M |
|
2929
Peapack-Gladstone Financial
PGC
$801M
| $1.82M | ﹤0.01% |
65,880
-32,980
| -33% | -$925K |
|
2930
Integer Holdings
ITGR
$4.26B
| $1.8M | ﹤0.01% |
17,464
-49,256
| -74% | -$5.36M |
|
2931
Heartland Express
HTLD
$956M
| $1.8M | ﹤0.01% |
215,255
+167,099
| +347% | +$1.41M |
|
2932
Preferred Bank
PFBC
$1.23B
| $1.8M | ﹤0.01% |
19,942
+2,684
| +16% | +$249K |
|
2933
PUT
Shell
SHEL
$250B
| $1.8M | ﹤0.01% |
25,200
-256,700
| -91% | -$18.5M |
|
2934
CALL
Cactus
WHD
$4.78B
| $1.8M | ﹤0.01% |
+45,600
| New | +$1.92M |
|
2935
CALL
Concentrix
CNXC
$1.72B
| $1.8M | ﹤0.01% |
+38,900
| New | +$2.08M |
|
|
CAEP
2936
DELISTED
Cantor Equity Partners III
CAEP
| $1.79M | ﹤0.01% |
173,229
| – | – |
|
2937
CALL
Transmedics
TMDX
$3.18B
| $1.78M | ﹤0.01% |
15,900
-9,100
| -36% | -$1.07M |
|
2938
CALL
NetApp
NTAP
$37.4B
| $1.78M | ﹤0.01% |
15,000
+9,800
| +188% | +$1.1M |
|
|
KREF
2939
KKR Real Estate Finance Trust
KREF
$489M
| $1.77M | ﹤0.01% |
196,900
-312,060
| -61% | -$2.9M |
|
2940
CALL
Par Pacific Holdings
PARR
$3.86B
| $1.77M | ﹤0.01% |
+50,000
| New | +$1.63M |
|
|
2941
PUT
Par Pacific Holdings
PARR
$3.86B
| $1.77M | ﹤0.01% |
+50,000
| New | +$1.63M |
|
2942
Hamilton Insurance Group
HG
$3.48B
| $1.76M | ﹤0.01% |
71,136
-50,871
| -42% | -$1.16M |
|
2943
Tactile Systems Technology
TCMD
$523M
| $1.76M | ﹤0.01% |
127,461
+73,883
| +138% | +$889K |
|
2944
OFG Bancorp
OFG
$2.2B
| $1.76M | ﹤0.01% |
40,501
-9,648
| -19% | -$423K |
|
2945
GeoPark
GPRK
$639M
| $1.76M | ﹤0.01% |
+276,458
| New | +$1.82M |
|
|
P
2946
PUT
Everpure Inc
P
$33B
| $1.76M | ﹤0.01% |
21,000
-71,900
| -77% | -$4.78M |
|
2947
Belden
BDC
$4.69B
| $1.76M | ﹤0.01% |
14,594
-8,509
| -37% | -$1.07M |
|
|
LAZR
2948
CALL
DELISTED
Luminar Technologies
LAZR
| $1.75M | ﹤0.01% |
918,800
+695,000
| +311% | +$1.7M |
|
2949
PUT
Western Alliance Bancorporation
WAL
$8.59B
| $1.75M | ﹤0.01% |
20,200
| – | – |
|
2950
Graham Holdings Company
GHC
$4.84B
| $1.75M | ﹤0.01% |
1,487
-1,582
| -52% | -$1.64M |
|
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.