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 | |
|---|---|---|---|---|---|---|
3526
Alcoa
AA
$13.5B
| $736K | ﹤0.01% |
+22,391
| New | +$696K |
|
3527
Midland States Bancorp
MSBI
$679M
| $734K | ﹤0.01% |
42,816
-5,335
| -11% | -$95.9K |
|
3528
First Trust Morningstar Dividend Leaders Index Fund
FDL
$8.11B
| $732K | ﹤0.01% |
16,872
+9,176
| +119% | +$398K |
|
3529
Sterling Infrastructure
STRL
$14.9B
| $732K | ﹤0.01% |
2,156
-9,300
| -81% | -$2.64M |
|
3530
PUT
Wynn Resorts
WYNN
$10.2B
| $731K | ﹤0.01% |
5,700
-3,500
| -38% | -$404K |
|
3531
W.P. Carey
WPC
$16.4B
| $731K | ﹤0.01% |
10,818
-4,467
| -29% | -$292K |
|
3532
iRadimed
IRMD
$1.12B
| $730K | ﹤0.01% |
10,256
+2,393
| +30% | +$159K |
|
3533
PUT
Criteo S.A.
CRTO
$848M
| $728K | ﹤0.01% |
+32,200
| New | +$754K |
|
3534
PUT
RXO
RXO
$3.56B
| $726K | ﹤0.01% |
47,200
+34,000
| +258% | +$548K |
|
3535
CALL
Americold
COLD
$4.42B
| $726K | ﹤0.01% |
+59,300
| New | +$883K |
|
3536
Capital Group Dividend Growers ETF
CGDG
$5.66B
| $726K | ﹤0.01% |
20,941
+1,450
| +7% | +$49.4K |
|
3537
CALL
Jack in the Box
JACK
$320M
| $726K | ﹤0.01% |
36,700
-45,000
| -55% | -$894K |
|
3538
CALL
Guardant Health
GH
$22.1B
| $725K | ﹤0.01% |
+11,600
| New | +$631K |
|
|
AEVA
3539
Aeva Technologies
AEVA
$1.13B
| $722K | ﹤0.01% |
49,800
-1,032,098
| -95% | -$19.6M |
|
|
INGM
3540
Ingram Micro Holding
INGM
$6.69B
| $721K | ﹤0.01% |
+33,556
| New | +$681K |
|
|
BNY
3541
CALL
Bank of New York Mellon
BNY
$111B
| $719K | ﹤0.01% |
6,600
-25,000
| -79% | -$2.55M |
|
3542
Oneok
OKE
$57.8B
| $717K | ﹤0.01% |
9,830
-677,466
| -99% | -$51.9M |
|
3543
PUT
Perion Network
PERI
$385M
| $717K | ﹤0.01% |
74,700
| – | – |
|
3544
HCA Healthcare
HCA
$92.8B
| $716K | ﹤0.01% |
1,680
-5,511
| -77% | -$2.14M |
|
|
HAPN
3545
Happen Inc
HAPN
$2.11B
| $714K | ﹤0.01% |
47,023
-212,628
| -82% | -$3.23M |
|
3546
Ascendis Pharma A/S
ASND
$16.6B
| $713K | ﹤0.01% |
3,586
-3,600
| -50% | -$671K |
|
3547
Universal Technical Institute
UTI
$1.24B
| $712K | ﹤0.01% |
+21,886
| New | +$643K |
|
3548
CALL
Magnite
MGNI
$3.43B
| $712K | ﹤0.01% |
+32,700
| New | +$772K |
|
3549
The GEO Group
GEO
$4.23B
| $710K | ﹤0.01% |
+34,670
| New | +$792K |
|
3550
CALL
Paycom
PAYC
$10.4B
| $708K | ﹤0.01% |
3,400
+1,200
| +55% | +$270K |
|
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.