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 | |
|---|---|---|---|---|---|---|
3076
CALL
OppFi
OPFI
$607M
| $1.47M | ﹤0.01% |
130,100
| – | – |
|
3077
Enact Holdings
ACT
$6.78B
| $1.47M | ﹤0.01% |
38,441
-47,381
| -55% | -$1.76M |
|
3078
Teekay
TK
$1.12B
| $1.47M | ﹤0.01% |
+179,886
| New | +$1.43M |
|
3079
Carter Bankshares
CARE
$739M
| $1.47M | ﹤0.01% |
75,567
-5,074
| -6% | -$94.6K |
|
3080
Resources Connection
RGP
$146M
| $1.47M | ﹤0.01% |
290,124
+117,222
| +68% | +$602K |
|
3081
CALL
Boston Scientific
BSX
$67.9B
| $1.46M | ﹤0.01% |
+15,000
| New | +$1.55M |
|
|
3082
PUT
Boston Scientific
BSX
$67.9B
| $1.46M | ﹤0.01% |
15,000
-108,000
| -88% | -$11.2M |
|
3083
PUT
Cactus
WHD
$4.79B
| $1.46M | ﹤0.01% |
+37,000
| New | +$1.56M |
|
3084
Ooma
OOMA
$633M
| $1.46M | ﹤0.01% |
121,455
+89,498
| +280% | +$1.1M |
|
3085
PUT
Ingersoll Rand
IR
$30.7B
| $1.45M | ﹤0.01% |
17,600
| – | – |
|
3086
Kodak
KODK
$928M
| $1.45M | ﹤0.01% |
226,720
+207,694
| +1,092% | +$1.31M |
|
3087
PUT
State Street
STT
$53B
| $1.45M | ﹤0.01% |
12,500
| – | – |
|
|
VISN
3088
PUT
Vistance Networks Inc
VISN
$2.67B
| $1.44M | ﹤0.01% |
+93,100
| New | +$1.21M |
|
3089
CALL
Academy Sports + Outdoors
ASO
$2.63B
| $1.44M | ﹤0.01% |
28,800
+6,500
| +29% | +$332K |
|
3090
PUT
Insmed
INSM
$26.7B
| $1.44M | ﹤0.01% |
10,000
| – | – |
|
3091
Magna International
MGA
$17.7B
| $1.44M | ﹤0.01% |
30,379
-229,461
| -88% | -$10.1M |
|
3092
Las Vegas Sands
LVS
$29B
| $1.44M | ﹤0.01% |
26,710
+3,624
| +16% | +$191K |
|
3093
PUT
Onto Innovation
ONTO
$17.8B
| $1.43M | ﹤0.01% |
11,100
| – | – |
|
|
BRCB
3094
Black Rock Coffee Bar Inc
BRCB
$208M
| $1.43M | ﹤0.01% |
+60,000
| New | +$1.57M |
|
3095
Voya Financial
VOYA
$9.22B
| $1.43M | ﹤0.01% |
19,139
-117,890
| -86% | -$8.69M |
|
3096
iShares MSCI Global Gold Miners ETF
RING
$2.59B
| $1.43M | ﹤0.01% |
22,100
+16,975
| +331% | +$869K |
|
3097
PUT
Cardinal Health
CAH
$54.7B
| $1.43M | ﹤0.01% |
9,100
+700
| +8% | +$108K |
|
3098
PUT
Northern Oil and Gas
NOG
$2.78B
| $1.43M | ﹤0.01% |
57,500
+29,200
| +103% | +$774K |
|
3099
MeiraGTx Holdings
MGTX
$1.36B
| $1.43M | ﹤0.01% |
+173,202
| New | +$1.37M |
|
3100
CALL
Tractor Supply
TSCO
$18B
| $1.42M | ﹤0.01% |
25,000
-25,000
| -50% | -$1.47M |
|
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.