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 | |
|---|---|---|---|---|---|---|
3551
Microvast
MVST
$302M
| $706K | ﹤0.01% |
+183,356
| New | +$573K |
|
3552
Holley
HLLY
$350M
| $706K | ﹤0.01% |
+224,790
| New | +$670K |
|
3553
Sabre
SABR
$912M
| $706K | ﹤0.01% |
385,600
+212,041
| +122% | +$500K |
|
3554
CALL
Aflac
AFL
$58.2B
| $704K | ﹤0.01% |
+6,300
| New | +$662K |
|
3555
UGI
UGI
$8.23B
| $703K | ﹤0.01% |
+21,142
| New | +$739K |
|
3556
Alto Ingredients
ALTO
$309M
| $702K | ﹤0.01% |
649,674
-417,173
| -39% | -$469K |
|
3557
Omega Flex
OFLX
$272M
| $700K | ﹤0.01% |
22,461
+2,701
| +14% | +$91.6K |
|
3558
Arrowhead Research
ARWR
$12.6B
| $700K | ﹤0.01% |
+20,301
| New | +$446K |
|
3559
iShares Global Energy ETF
IXC
$2.79B
| $700K | ﹤0.01% |
+16,769
| New | +$683K |
|
3560
Spok Holdings
SPOK
$221M
| $699K | ﹤0.01% |
40,542
+26,043
| +180% | +$463K |
|
3561
Simplify Health Care ETF
PINK
$386M
| $697K | ﹤0.01% |
21,990
-3,676
| -14% | -$111K |
|
3562
ORIX
IX
$42.9B
| $694K | ﹤0.01% |
26,563
-6,970
| -21% | -$173K |
|
3563
Kulicke & Soffa
KLIC
$4.42B
| $694K | ﹤0.01% |
17,065
-105,168
| -86% | -$3.9M |
|
3564
PUT
Cimpress
CMPR
$2.14B
| $693K | ﹤0.01% |
11,000
-6,500
| -37% | -$364K |
|
3565
PUT
Bank OZK
OZK
$5.36B
| $693K | ﹤0.01% |
+13,600
| New | +$695K |
|
3566
NCR Voyix
VYX
$1.12B
| $693K | ﹤0.01% |
55,194
+38,794
| +237% | +$511K |
|
3567
IBEX
IBEX
$498M
| $692K | ﹤0.01% |
17,075
-14,266
| -46% | -$453K |
|
3568
Byline Bancorp
BY
$1.72B
| $692K | ﹤0.01% |
24,947
-38,428
| -61% | -$1.07M |
|
3569
PUT
SM Energy
SM
$8.49B
| $689K | ﹤0.01% |
27,600
-44,900
| -62% | -$1.21M |
|
3570
Lamar Advertising Co
LAMR
$15.4B
| $689K | ﹤0.01% |
5,626
-33,394
| -86% | -$4.15M |
|
3571
Scholar Rock
SRRK
$7.09B
| $689K | ﹤0.01% |
18,490
-117,793
| -86% | -$4.12M |
|
3572
CALL
Groupon
GRPN
$797M
| $686K | ﹤0.01% |
29,400
| – | – |
|
3573
Helmerich & Payne
HP
$4.21B
| $684K | ﹤0.01% |
+30,951
| New | +$571K |
|
3574
CALL
DigitalOcean
DOCN
$13.2B
| $683K | ﹤0.01% |
20,000
-19,800
| -50% | -$628K |
|
3575
CALL
B&G Foods
BGS
$286M
| $683K | ﹤0.01% |
154,200
| – | – |
|
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.