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 | |
|---|---|---|---|---|---|---|
3451
Limoneira
LMNR
$251M
| $830K | ﹤0.01% |
55,890
+9,363
| +20% | +$145K |
|
3452
Certara
CERT
$1.24B
| $828K | ﹤0.01% |
67,732
+22,450
| +50% | +$246K |
|
3453
Federal Realty Investment Trust
FRT
$10.2B
| $827K | ﹤0.01% |
8,164
-2,908
| -26% | -$281K |
|
3454
AGNC Investment
AGNC
$12.9B
| $825K | ﹤0.01% |
84,312
-790,020
| -90% | -$7.66M |
|
3455
CALL
Centene
CNC
$33B
| $824K | ﹤0.01% |
+23,100
| New | +$698K |
|
3456
State Street SPDR S&P Semiconductor ETF
XSD
$2.66B
| $823K | ﹤0.01% |
2,580
+10
| +0.4% | +$2.83K |
|
3457
CALL
Solid Power
SLDP
$548M
| $823K | ﹤0.01% |
+237,200
| New | +$894K |
|
3458
Academy Sports + Outdoors
ASO
$2.72B
| $822K | ﹤0.01% |
+16,425
| New | +$838K |
|
3459
PUT
Acadia Healthcare
ACHC
$3.01B
| $820K | ﹤0.01% |
+33,100
| New | +$738K |
|
3460
Broadstone Net Lease
BNL
$4.39B
| $819K | ﹤0.01% |
45,841
+14,721
| +47% | +$253K |
|
3461
CALL
Caleres
CAL
$444M
| $818K | ﹤0.01% |
62,700
+32,400
| +107% | +$469K |
|
3462
Dana Inc
DAN
$3.23B
| $817K | ﹤0.01% |
40,750
-9,066
| -18% | -$168K |
|
|
UHGWW
3463
DELISTED
United Homes Group Warrant
UHGWW
| $814K | ﹤0.01% |
439,789
| – | – |
|
3464
Vishay Precision Group
VPG
$874M
| $813K | ﹤0.01% |
25,360
-26,262
| -51% | -$760K |
|
3465
CALL
Archer Daniels Midland
ADM
$38.2B
| $812K | ﹤0.01% |
+13,600
| New | +$796K |
|
3466
PUT
Las Vegas Sands
LVS
$30.2B
| $812K | ﹤0.01% |
15,100
| – | – |
|
3467
SmartFinancial
SMBK
$870M
| $810K | ﹤0.01% |
+22,657
| New | +$811K |
|
|
NFGC
3468
New Found Gold
NFGC
$769M
| $805K | ﹤0.01% |
338,715
+224,700
| +197% | +$395K |
|
3469
Bridgewater Bancshares
BWB
$586M
| $804K | ﹤0.01% |
45,697
-12,851
| -22% | -$210K |
|
3470
PUT
Lowe's Companies
LOW
$120B
| $804K | ﹤0.01% |
3,200
-21,800
| -87% | -$5.36M |
|
|
SHOE
3471
Shoe Station Group
SHOE
$392M
| $803K | ﹤0.01% |
38,622
-66,893
| -63% | -$1.45M |
|
3472
Korn Ferry
KFY
$4.33B
| $803K | ﹤0.01% |
11,473
-12,118
| -51% | -$884K |
|
3473
1st Source
SRCE
$2.07B
| $802K | ﹤0.01% |
13,032
+3,703
| +40% | +$232K |
|
|
RC
3474
Ready Capital
RC
$325M
| $802K | ﹤0.01% |
207,236
+160,497
| +343% | +$677K |
|
3475
CALL
Axsome Therapeutics
AXSM
$10.7B
| $802K | ﹤0.01% |
6,600
| – | – |
|
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 $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.