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 | |
|---|---|---|---|---|---|---|
3226
CALL
Jabil
JBL
$32.7B
| $1.19M | ﹤0.01% |
+5,500
| New | +$1.2M |
|
|
NLOP
3227
Net Lease Office Properties
NLOP
$171M
| $1.19M | ﹤0.01% |
40,229
-38,125
| -49% | -$1.2M |
|
|
WYFI
3228
WhiteFiber Inc
WYFI
$758M
| $1.19M | ﹤0.01% |
+43,882
| New | +$857K |
|
3229
Cerence
CRNC
$380M
| $1.19M | ﹤0.01% |
95,568
-379,661
| -80% | -$3.89M |
|
3230
CALL
KB Home
KBH
$3.35B
| $1.19M | ﹤0.01% |
18,700
-1,400
| -7% | -$84.7K |
|
|
BRSP
3231
BrightSpire Capital
BRSP
$604M
| $1.19M | ﹤0.01% |
219,070
+965
| +0.4% | +$5.25K |
|
3232
iShares MSCI Israel ETF
EIS
$913M
| $1.18M | ﹤0.01% |
+11,805
| New | +$1.11M |
|
3233
CALL
Lowe's Companies
LOW
$116B
| $1.18M | ﹤0.01% |
4,700
-83,100
| -95% | -$20.4M |
|
3234
PUT
VF Corp
VFC
$5.36B
| $1.18M | ﹤0.01% |
81,800
+32,500
| +66% | +$437K |
|
3235
CALL
AMC Entertainment Holdings
AMC
$2.42B
| $1.18M | ﹤0.01% |
406,600
| – | – |
|
3236
Radware
RDWR
$1.25B
| $1.18M | ﹤0.01% |
44,414
-86,515
| -66% | -$2.31M |
|
3237
CALL
United Therapeutics
UTHR
$22.7B
| $1.17M | ﹤0.01% |
+2,800
| New | +$942K |
|
3238
CALL
State Street
STT
$53.1B
| $1.17M | ﹤0.01% |
10,100
-48,200
| -83% | -$5.38M |
|
3239
Forrester Research
FORR
$232M
| $1.17M | ﹤0.01% |
110,376
+16,885
| +18% | +$171K |
|
|
3240
CALL
Cerence
CRNC
$380M
| $1.17M | ﹤0.01% |
+93,800
| New | +$961K |
|
|
MPT
3241
PUT
Medical Properties Trust
MPT
$2.41B
| $1.17M | ﹤0.01% |
230,000
-16,300
| -7% | -$71.8K |
|
|
BWIN
3242
Baldwin Insurance Group
BWIN
$2.92B
| $1.17M | ﹤0.01% |
41,319
-207,897
| -83% | -$7.22M |
|
3243
PUT
SiriusXM
SIRI
$9.61B
| $1.16M | ﹤0.01% |
50,000
-65,000
| -57% | -$1.5M |
|
3244
PUT
Canadian Solar
CSIQ
$946M
| $1.16M | ﹤0.01% |
89,200
-77,400
| -46% | -$926K |
|
3245
PUT
Doximity
DOCS
$4.56B
| $1.16M | ﹤0.01% |
+15,900
| New | +$1.04M |
|
3246
iShares MSCI Brazil Small-Cap ETF
EWZS
$216M
| $1.16M | ﹤0.01% |
83,646
-23,172
| -22% | -$300K |
|
3247
Atlanta Braves Holdings Series A
BATRA
$3.58B
| $1.16M | ﹤0.01% |
25,560
+6,684
| +35% | +$316K |
|
3248
Zai Lab
ZLAB
$3.01B
| $1.16M | ﹤0.01% |
34,290
-245,371
| -88% | -$8.45M |
|
3249
CALL
PENN Entertainment
PENN
$2.33B
| $1.16M | ﹤0.01% |
60,300
| – | – |
|
3250
EnerSys
ENS
$6.88B
| $1.16M | ﹤0.01% |
10,267
-41,724
| -80% | -$4.1M |
|
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.