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 |
Amazon
AMZN
|
+$516M |
| 2 |
Estee Lauder
EL
|
+$487M |
| 3 |
Microsoft
MSFT
|
+$482M |
| 4 |
Nike
NKE
|
+$252M |
| 5 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$247M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$584M |
| 2 |
Tesla
TSLA
|
+$483M |
| 3 |
NVIDIA
NVDA
|
+$444M |
| 4 |
Eli Lilly
LLY
|
+$345M |
| 5 |
T-Mobile US
TMUS
|
+$296M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.67% |
| 2 | Consumer Discretionary | 9.3% |
| 3 | Healthcare | 7.82% |
| 4 | Financials | 5.66% |
| 5 | Industrials | 4.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3051
CRA International
CRAI
$1.08B
| $807K | ﹤0.01% |
8,010
-800
| -9% | -$84K |
|
3052
FB Financial Corp
FBK
$2.86B
| $805K | ﹤0.01% |
+28,378
| New | +$881K |
|
3053
Alaska Air
ALK
$4.84B
| $805K | ﹤0.01% |
+21,702
| New | +$983K |
|
3054
Sinclair Inc
SBGI
$1.06B
| $803K | ﹤0.01% |
71,577
-138,764
| -66% | -$1.79M |
|
3055
Independent Bank Corp
IBCP
$815M
| $802K | ﹤0.01% |
43,736
+756
| +2% | +$14.4K |
|
|
HT
3056
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $801K | ﹤0.01% |
81,262
-345,510
| -81% | -$2.65M |
|
3057
VICI Properties
VICI
$28.9B
| $801K | ﹤0.01% |
27,512
-29,000
| -51% | -$900K |
|
|
HTBK
3058
DELISTED
Heritage Commerce
HTBK
| $800K | ﹤0.01% |
94,401
-60,086
| -39% | -$534K |
|
3059
SPS Commerce
SPSC
$2.9B
| $799K | ﹤0.01% |
4,686
-3,570
| -43% | -$634K |
|
|
MITA
3060
DELISTED
Coliseum Acquisition Corp. Class A Ordinary Share
MITA
| $799K | ﹤0.01% |
+75,000
| New | +$793K |
|
3061
Gold Fields
GFI
$43.5B
| $799K | ﹤0.01% |
73,531
-105,727
| -59% | -$1.39M |
|
|
OBE
3062
Obsidian Energy
OBE
$735M
| $798K | ﹤0.01% |
+96,900
| New | +$678K |
|
|
DAY
3063
DELISTED
Dayforce
DAY
| $795K | ﹤0.01% |
11,719
-12,898
| -52% | -$907K |
|
3064
Enterprise Financial Services Corp
EFSC
$2.29B
| $793K | ﹤0.01% |
+21,150
| New | +$844K |
|
3065
PUT
DexCom
DXCM
$33.6B
| $793K | ﹤0.01% |
8,500
+6,000
| +240% | +$676K |
|
3066
Tredegar Corp
TG
$276M
| $793K | ﹤0.01% |
146,536
-7,564
| -5% | -$44.1K |
|
3067
Winmark
WINA
$1.25B
| $791K | ﹤0.01% |
2,119
-1,398
| -40% | -$507K |
|
|
DIST
3068
DELISTED
Distoken Acquisition Corp
DIST
| $791K | ﹤0.01% |
75,000
| – | – |
|
3069
CEVA Inc
CEVA
$762M
| $790K | ﹤0.01% |
40,768
+8,397
| +26% | +$195K |
|
3070
1st Source
SRCE
$2.07B
| $790K | ﹤0.01% |
+18,775
| New | +$836K |
|
3071
Forestar Group
FOR
$1.48B
| $790K | ﹤0.01% |
+29,307
| New | +$808K |
|
3072
PUT
Vornado Realty Trust
VNO
$7.46B
| $789K | ﹤0.01% |
34,800
-94,000
| -73% | -$2.08M |
|
3073
PUT
Melco Resorts & Entertainment
MLCO
$2.08B
| $789K | ﹤0.01% |
79,800
-10,200
| -11% | -$118K |
|
|
OPRA
3074
Opera Ltd
OPRA
$1.73B
| $789K | ﹤0.01% |
+70,000
| New | +$1.17M |
|
3075
Lennox International
LII
$13.4B
| $786K | ﹤0.01% |
2,100
-7,262
| -78% | -$2.62M |
|
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David Shaw's Q3 2023 Portfolio in Review
As of Q3 2023, David Shaw held 4,689 positions worth $95.8B, down 2.2% from $97.9B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw withdrew a net $2.99B in Q3 2023, closing 472 positions and reducing 1,535 holdings. Its most notable exit was State Street Consumer Staples Select Sector SPDR ETF, an estimated $174M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, David Shaw opened a new position in NiSource Inc. Series A Corporate Units worth $52.6M.
- David Shaw's largest Q3 2023 buy was NiSource Inc. Series A Corporate Units: 540,000 shares worth $52.6M.
- David Shaw added most to Amazon in Q3 2023, an estimated $516M increase.
- David Shaw's biggest Q3 2023 reduction was Walmart Inc, cutting an estimated $584M.
- David Shaw fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2023, selling an estimated $174M.
- David Shaw's ten largest holdings make up 12% of its $95.8B portfolio in Q3 2023.
- David Shaw opened 482 new positions and closed 472 in Q3 2023.
- David Shaw's portfolio value fell 2.2% quarter-over-quarter to $95.8B.
Based on D.E. Shaw & Co's 13F filing for Q3 2023, filed 14 Nov 2023.