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 | |
|---|---|---|---|---|---|---|
3601
PUT
Spectrum Brands
SPB
$2.05B
| $646K | ﹤0.01% |
12,300
+3,500
| +40% | +$194K |
|
3602
PUT
Innovative Industrial Properties
IIPR
$1.59B
| $643K | ﹤0.01% |
12,000
+400
| +3% | +$21.7K |
|
|
UNIT
3603
CALL
Uniti Group
UNIT
$2.45B
| $643K | ﹤0.01% |
105,000
-70,000
| -40% | -$419K |
|
3604
Keurig Dr Pepper
KDP
$43.3B
| $642K | ﹤0.01% |
+25,172
| New | +$789K |
|
3605
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.43B
| $642K | ﹤0.01% |
3,629
-400
| -10% | -$69.6K |
|
3606
SS&C Technologies
SSNC
$19.5B
| $642K | ﹤0.01% |
+7,231
| New | +$626K |
|
3607
Ramaco Resources Class B
METCB
$430M
| $641K | ﹤0.01% |
+39,610
| New | +$548K |
|
3608
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$528M
| $641K | ﹤0.01% |
8,361
-400
| -5% | -$29.6K |
|
3609
PUT
iQIYI
IQ
$994M
| $640K | ﹤0.01% |
250,000
| – | – |
|
3610
Ubiquiti
UI
$34.9B
| $639K | ﹤0.01% |
968
| – | – |
|
3611
CALL
Pan American Silver
PAAS
$22.5B
| $639K | ﹤0.01% |
16,500
-32,100
| -66% | -$1.03M |
|
3612
Houlihan Lokey
HLI
$9.02B
| $635K | ﹤0.01% |
3,094
-1,859
| -38% | -$364K |
|
3613
CALL
The Mosaic Company
MOS
$7.72B
| $635K | ﹤0.01% |
18,300
-42,300
| -70% | -$1.46M |
|
|
EMBJ
3614
Embraer S.A. ADS
EMBJ
$13.3B
| $634K | ﹤0.01% |
10,494
-29,534
| -74% | -$1.67M |
|
3615
James Hardie Industries
JHX
$17.6B
| $634K | ﹤0.01% |
+33,005
| New | +$790K |
|
3616
GrowGeneration
GRWG
$101M
| $633K | ﹤0.01% |
338,343
-105,881
| -24% | -$145K |
|
3617
PUT
LPL Financial
LPLA
$28.5B
| $632K | ﹤0.01% |
1,900
| – | – |
|
3618
Stock Yards Bancorp
SYBT
$2.49B
| $631K | ﹤0.01% |
+9,020
| New | +$696K |
|
3619
PUT
Builders FirstSource
BLDR
$7.46B
| $631K | ﹤0.01% |
5,200
-3,900
| -43% | -$517K |
|
3620
CALL
Upbound Group
UPBD
$1.13B
| $629K | ﹤0.01% |
+26,600
| New | +$657K |
|
3621
CALL
Virgin Galactic
SPCE
$450M
| $626K | ﹤0.01% |
162,200
+32,200
| +25% | +$108K |
|
|
JAMF
3622
DELISTED
Jamf
JAMF
| $626K | ﹤0.01% |
58,508
-600,525
| -91% | -$5.44M |
|
3623
Vanguard Industrials ETF
VIS
$8.13B
| $624K | ﹤0.01% |
2,107
| – | – |
|
|
COOP
3624
DELISTED
Mr. Cooper
COOP
| $623K | ﹤0.01% |
2,957
-158,906
| -98% | -$29.3M |
|
|
PINE
3625
Alpine Income Property Trust
PINE
$347M
| $618K | ﹤0.01% |
43,597
-992
| -2% | -$14.5K |
|
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.