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 |
Advanced Micro Devices
AMD
|
+$1.52B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.43B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$798M |
| 4 |
Amazon
AMZN
|
+$646M |
| 5 |
Texas Instruments
TXN
|
+$619M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.31B |
| 2 |
Broadcom
AVGO
|
+$1.01B |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$863M |
| 4 |
Western Digital
WDC
|
+$595M |
| 5 |
Meta Platforms (Facebook)
META
|
+$591M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.6% |
| 2 | Consumer Discretionary | 9.12% |
| 3 | Healthcare | 7.62% |
| 4 | Industrials | 7.14% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3601
Erasca
ERAS
$6.21B
| $751K | ﹤0.01% |
+201,938
| New | +$568K |
|
3602
iShares MSCI Brazil Small-Cap ETF
EWZS
$218M
| $748K | ﹤0.01% |
57,830
-25,816
| -31% | -$348K |
|
3603
Seer Inc
SEER
$113M
| $748K | ﹤0.01% |
408,557
-182,960
| -31% | -$373K |
|
3604
CALL
Intellia Therapeutics
NTLA
$1.89B
| $747K | ﹤0.01% |
+83,100
| New | +$1.14M |
|
3605
CALL
Descartes Systems
DSGX
$6.64B
| $745K | ﹤0.01% |
8,500
+3,500
| +70% | +$313K |
|
3606
BlackLine
BL
$1.84B
| $743K | ﹤0.01% |
13,445
-4,543
| -25% | -$250K |
|
|
OPENL
3607
Opendoor Technologies Inc Series A Warrants
OPENL
$4.14M
| $743K | ﹤0.01% |
+1,428,549
| New | +$1.22M |
|
3608
Triple Flag Precious Metals
TFPM
$7.35B
| $741K | ﹤0.01% |
22,300
-60,366
| -73% | -$1.89M |
|
|
GAP
3609
CALL
The Gap Inc
GAP
$7.25B
| $737K | ﹤0.01% |
28,800
| – | – |
|
|
ALIS
3610
Calisa Acquisition Corp
ALIS
$86.1M
| $737K | ﹤0.01% |
+74,200
| New | +$735K |
|
3611
Vanguard Financials ETF
VFH
$13.9B
| $736K | ﹤0.01% |
+5,517
| New | +$717K |
|
|
UNIT
3612
CALL
Uniti Group
UNIT
$2.45B
| $736K | ﹤0.01% |
105,000
| – | – |
|
|
UPB
3613
Upstream Bio Inc
UPB
$393M
| $736K | ﹤0.01% |
+27,091
| New | +$674K |
|
|
MCHB
3614
Mechanics Bancorp
MCHB
$3.56B
| $735K | ﹤0.01% |
50,272
-390,943
| -89% | -$5.43M |
|
|
TLN
3615
Talen Energy Corp
TLN
$14.7B
| $735K | ﹤0.01% |
1,960
-934
| -32% | -$363K |
|
3616
Janus International
JBI
$689M
| $731K | ﹤0.01% |
111,779
+24,666
| +28% | +$192K |
|
3617
PUT
Ramaco Resources Class A
METC
$819M
| $731K | ﹤0.01% |
40,600
+33,400
| +464% | +$878K |
|
3618
Domo
DOMO
$175M
| $731K | ﹤0.01% |
86,689
-11,551
| -12% | -$136K |
|
|
ONC
3619
PUT
BeOne Medicines Ltd
ONC
$42.6B
| $729K | ﹤0.01% |
+2,400
| New | +$786K |
|
3620
Revvity
RVTY
$13.9B
| $728K | ﹤0.01% |
+7,528
| New | +$723K |
|
3621
Solid Biosciences
SLDB
$1.06B
| $723K | ﹤0.01% |
+128,260
| New | +$695K |
|
3622
CALL
Green Plains
GPRE
$1.03B
| $722K | ﹤0.01% |
73,700
| – | – |
|
3623
Tejon Ranch
TRC
$437M
| $717K | ﹤0.01% |
45,448
-15,602
| -26% | -$249K |
|
3624
PUT
Alnylam Pharmaceuticals
ALNY
$32.1B
| $716K | ﹤0.01% |
1,800
+900
| +100% | +$398K |
|
3625
PUT
Perion Network
PERI
$385M
| $716K | ﹤0.01% |
74,700
| – | – |
|
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David Shaw's Q4 2025 Portfolio in Review
As of Q4 2025, David Shaw held 5,141 positions worth $182B, up 3% from $177B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2025 filing shows 639 new, 1,734 increased, 1,574 reduced and 583 closed positions. Its largest new stake was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M. The largest sale was Micron Technology, an estimated $1.31B.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2025 buy was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M.
- David Shaw added most to Advanced Micro Devices in Q4 2025, an estimated $1.52B increase.
- David Shaw's biggest Q4 2025 reduction was Micron Technology, cutting an estimated $1.31B.
- David Shaw fully exited Vanguard Short-Term Corporate Bond ETF in Q4 2025, selling an estimated $499M.
- David Shaw's ten largest holdings make up 12% of its $182B portfolio in Q4 2025.
- David Shaw opened 639 new positions and closed 583 in Q4 2025.
- David Shaw's portfolio value rose 3% quarter-over-quarter to $182B.
Based on D.E. Shaw & Co's 13F filing for Q4 2025, filed 17 Feb 2026.