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 | |
|---|---|---|---|---|---|---|
3151
CALL
Planet Labs
PL
$7.64B
| $1.33M | ﹤0.01% |
+102,100
| New | +$788K |
|
3152
Ocular Therapeutix
OCUL
$2.38B
| $1.32M | ﹤0.01% |
113,279
+10,446
| +10% | +$125K |
|
3153
Tower Semiconductor
TSEM
$24.9B
| $1.32M | ﹤0.01% |
18,248
+13,375
| +274% | +$730K |
|
|
CCCXW
3154
DELISTED
Churchill Capital Corp X Warrants
CCCXW
| $1.32M | ﹤0.01% |
+371,250
| New | +$544K |
|
3155
PACS Group
PACS
$7.02B
| $1.32M | ﹤0.01% |
+95,963
| New | +$1.13M |
|
|
CTEV
3156
Claritev Corp
CTEV
$659M
| $1.32M | ﹤0.01% |
24,814
-106,690
| -81% | -$5.89M |
|
|
RAL
3157
Ralliant Corp
RAL
$7.07B
| $1.32M | ﹤0.01% |
30,074
-47,885
| -61% | -$2.13M |
|
3158
Vertex Pharmaceuticals
VRTX
$139B
| $1.31M | ﹤0.01% |
3,343
-16,738
| -83% | -$7M |
|
3159
Fulton Financial
FULT
$4.52B
| $1.31M | ﹤0.01% |
70,255
+43,296
| +161% | +$819K |
|
3160
iShares MSCI China A ETF
CNYA
$227M
| $1.31M | ﹤0.01% |
38,123
+22,075
| +138% | +$694K |
|
3161
Ivanhoe Electric
IE
$1.88B
| $1.31M | ﹤0.01% |
+104,193
| New | +$1.03M |
|
3162
Runway Growth Finance
RWAY
$277M
| $1.3M | ﹤0.01% |
128,253
+81,215
| +173% | +$872K |
|
3163
PUT
Sensata Technologies
ST
$6.2B
| $1.3M | ﹤0.01% |
42,600
| – | – |
|
3164
CALL
Arista Networks
ANET
$255B
| $1.3M | ﹤0.01% |
8,900
-171,500
| -95% | -$22.1M |
|
3165
RCI Hospitality Holdings
RICK
$225M
| $1.29M | ﹤0.01% |
+42,401
| New | +$1.52M |
|
3166
PUT
XPO
XPO
$22.3B
| $1.29M | ﹤0.01% |
10,000
| – | – |
|
3167
PUT
BlackSky Technology
BKSY
$1.03B
| $1.29M | ﹤0.01% |
+64,100
| New | +$1.25M |
|
3168
CALL
GXO Logistics
GXO
$5.52B
| $1.29M | ﹤0.01% |
24,400
| – | – |
|
3169
CALL
Monolithic Power Systems
MPWR
$64.4B
| $1.29M | ﹤0.01% |
1,400
| – | – |
|
3170
Elbit Systems
ESLT
$33.7B
| $1.29M | ﹤0.01% |
2,521
-73,572
| -97% | -$34.5M |
|
3171
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $1.28M | ﹤0.01% |
+10,850
| New | +$1.21M |
|
3172
Seer Inc
SEER
$112M
| $1.28M | ﹤0.01% |
591,517
-108,608
| -16% | -$231K |
|
3173
Alerian MLP ETF
AMLP
$13.4B
| $1.28M | ﹤0.01% |
27,343
-53,168
| -66% | -$2.57M |
|
3174
Pinnacle West Capital
PNW
$11.9B
| $1.28M | ﹤0.01% |
14,298
-6,257
| -30% | -$563K |
|
3175
PUT
Evercore
EVR
$11.2B
| $1.28M | ﹤0.01% |
3,800
-16,200
| -81% | -$5.08M |
|
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.