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 |
Netflix
NFLX
|
+$751M |
| 2 |
Advanced Micro Devices
AMD
|
+$751M |
| 3 |
Micron Technology
MU
|
+$426M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$363M |
| 5 |
ExxonMobil
XOM
|
+$356M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$546M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$485M |
| 3 |
VMW
VMware, Inc
VMW
|
+$393M |
| 4 |
Microsoft
MSFT
|
+$336M |
| 5 |
UnitedHealth
UNH
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.03% |
| 2 | Consumer Discretionary | 9.51% |
| 3 | Healthcare | 5.77% |
| 4 | Financials | 5.47% |
| 5 | Communication Services | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
CALL
Lam Research
LRCX
$393B
| $76.8M | 0.07% |
980,000
+118,000
| +14% | +$8.04M |
|
327
PUT
Baidu
BIDU
$31.6B
| $76.2M | 0.07% |
640,000
+314,100
| +96% | +$36.3M |
|
328
PUT
BP
BP
$115B
| $75.7M | 0.07% |
2,139,300
+708,000
| +49% | +$25.9M |
|
329
XPeng
XPEV
$11.7B
| $75.7M | 0.07% |
5,190,462
+626,830
| +14% | +$9.96M |
|
330
NXP Semiconductors
NXPI
$56.9B
| $75.5M | 0.07% |
328,693
-391,142
| -54% | -$78.7M |
|
331
CALL
Snowflake
SNOW
$115B
| $75.3M | 0.07% |
378,200
-326,600
| -46% | -$55.2M |
|
332
Expedia Group
EXPE
$38.6B
| $75.1M | 0.07% |
494,809
+197,292
| +66% | +$24.2M |
|
333
Consolidated Edison
ED
$39.3B
| $75.1M | 0.07% |
825,276
+170,637
| +26% | +$15.2M |
|
334
PUT
Intuit
INTU
$100B
| $75M | 0.07% |
120,000
| – | – |
|
335
CALL
Target
TGT
$75.1B
| $74.8M | 0.07% |
525,200
+47,800
| +10% | +$5.84M |
|
336
The Mosaic Company
MOS
$7.76B
| $73.8M | 0.06% |
2,066,371
+724,218
| +54% | +$25.6M |
|
337
KLA
KLAC
$240B
| $73.2M | 0.06% |
1,259,120
-834,000
| -40% | -$43.4M |
|
338
Delta Air Lines
DAL
$54.2B
| $73.1M | 0.06% |
1,817,327
+1,128,626
| +164% | +$40.9M |
|
339
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $72.9M | 0.06% |
+942,200
| New | +$71.4M |
|
340
PUT
Devon Energy
DVN
$54B
| $72.7M | 0.06% |
1,604,600
+513,200
| +47% | +$23.5M |
|
341
CALL
Nike
NKE
$60.5B
| $72.4M | 0.06% |
666,400
+37,000
| +6% | +$3.98M |
|
342
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $72.1M | 0.06% |
3,000,000
| – | – |
|
343
Dell
DELL
$286B
| $71M | 0.06% |
928,174
+742,463
| +400% | +$52.5M |
|
|
344
PUT
Microsoft
MSFT
$3.59T
| $71M | 0.06% |
188,800
-126,000
| -40% | -$44.8M |
|
345
Medpace
MEDP
$17.3B
| $71M | 0.06% |
231,560
+87,240
| +60% | +$23.5M |
|
346
Fluor
FLR
$7.01B
| $70.6M | 0.06% |
1,802,693
-408,890
| -18% | -$15.1M |
|
|
NOVA
347
DELISTED
Sunnova Energy
NOVA
| $70.6M | 0.06% |
4,628,669
+4,522,378
| +4,255% | +$49.5M |
|
348
PUT
Marathon Petroleum
MPC
$101B
| $70.6M | 0.06% |
475,700
+95,200
| +25% | +$14.1M |
|
349
CRH
CRH
$63.2B
| $70.5M | 0.06% |
1,019,692
+851,549
| +506% | +$51.4M |
|
350
PUT
Caterpillar
CAT
$381B
| $70.4M | 0.06% |
238,100
-126,000
| -35% | -$32.7M |
|
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David Shaw's Q4 2023 Portfolio in Review
As of Q4 2023, David Shaw held 4,806 positions worth $114B, up 19% from $95.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2023 filing shows 575 new, 1,549 increased, 1,464 reduced and 527 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M. The largest sale was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $546M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M.
- David Shaw added most to Netflix in Q4 2023, an estimated $751M increase.
- David Shaw's biggest Q4 2023 reduction was Microsoft, cutting an estimated $336M.
- David Shaw fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $546M.
- David Shaw's ten largest holdings make up 12% of its $114B portfolio in Q4 2023.
- David Shaw opened 575 new positions and closed 527 in Q4 2023.
- David Shaw's portfolio value rose 19% quarter-over-quarter to $114B.
Based on D.E. Shaw & Co's 13F filing for Q4 2023, filed 14 Feb 2024.