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 | Technology | 19.25% |
| 2 | Consumer Discretionary | 7.51% |
| 3 | Financials | 7.11% |
| 4 | Healthcare | 6.95% |
| 5 | Industrials | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3426
CALL
RingCentral
RNG
$5.5B
| $862K | ﹤0.01% |
30,400
+11,600
| +62% | +$338K |
|
3427
Funko
FNKO
$361M
| $861K | ﹤0.01% |
250,171
+220,875
| +754% | +$820K |
|
3428
Janus International
JBI
$688M
| $860K | ﹤0.01% |
87,113
-78,629
| -47% | -$758K |
|
3429
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$1.07B
| $859K | ﹤0.01% |
+31,400
| New | +$660K |
|
3430
PUT
Shift4
FOUR
$3.74B
| $859K | ﹤0.01% |
+11,100
| New | +$1.03M |
|
3431
CALL
FMC
FMC
$1.4B
| $858K | ﹤0.01% |
+25,500
| New | +$995K |
|
3432
John Wiley & Sons Class A
WLY
$2.7B
| $854K | ﹤0.01% |
21,091
+2,040
| +11% | +$82.4K |
|
3433
Vodafone
VOD
$36.9B
| $853K | ﹤0.01% |
73,577
+62,204
| +547% | +$710K |
|
3434
PUT
Americold
COLD
$4.4B
| $851K | ﹤0.01% |
+69,500
| New | +$1.04M |
|
3435
PUT
Tandem Diabetes Care
TNDM
$1.49B
| $850K | ﹤0.01% |
+70,000
| New | +$948K |
|
3436
Root
ROOT
$900M
| $849K | ﹤0.01% |
9,484
-50,708
| -84% | -$5.31M |
|
3437
PUT
Capri Holdings
CPRI
$1.54B
| $849K | ﹤0.01% |
42,600
+6,400
| +18% | +$128K |
|
3438
CALL
Olin
OLN
$1.98B
| $847K | ﹤0.01% |
33,900
-32,700
| -49% | -$726K |
|
3439
ICICI Bank
IBN
$109B
| $843K | ﹤0.01% |
27,900
-1,377,802
| -98% | -$45M |
|
3440
CALL
Uranium Energy
UEC
$6.41B
| $842K | ﹤0.01% |
+63,100
| New | +$631K |
|
3441
PUT
Ambarella
AMBA
$3.06B
| $842K | ﹤0.01% |
10,200
-5,500
| -35% | -$399K |
|
|
BRSL
3442
Brightstar Lottery PLC
BRSL
$2.11B
| $841K | ﹤0.01% |
48,742
-1,244,376
| -96% | -$19.9M |
|
3443
Murphy Oil
MUR
$5B
| $840K | ﹤0.01% |
+29,581
| New | +$746K |
|
|
BKHA
3444
Black Hawk Acquisition Corp
BKHA
| $839K | ﹤0.01% |
75,000
| – | – |
|
3445
Distribution Solutions Group
DSGR
$1.61B
| $838K | ﹤0.01% |
27,847
+8,810
| +46% | +$269K |
|
3446
CALL
Exelon
EXC
$45.5B
| $837K | ﹤0.01% |
+18,600
| New | +$817K |
|
|
AKRO
3447
DELISTED
Akero Therapeutics
AKRO
| $834K | ﹤0.01% |
17,572
-36,294
| -67% | -$1.76M |
|
|
DOCU
3448
DocuSign
DOCU
$11.4B
| $831K | ﹤0.01% |
11,525
-30,503
| -73% | -$2.35M |
|
|
GCMGW
3449
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
| $831K | ﹤0.01% |
1,562,787
| – | – |
|
3450
CALL
Navitas Semiconductor
NVTS
$3.28B
| $830K | ﹤0.01% |
+115,000
| New | +$770K |
|
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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 $15.2B 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 Technology at 19% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Financials.
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.