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 | |
|---|---|---|---|---|---|---|
3651
Krispy Kreme
DNUT
$618M
| $595K | ﹤0.01% |
153,775
-127,263
| -45% | -$439K |
|
3652
PUT
Ross Stores
ROST
$77.4B
| $594K | ﹤0.01% |
+3,900
| New | +$557K |
|
|
AFCG
3653
AFC Gamma
AFCG
$76.9M
| $594K | ﹤0.01% |
155,119
-67,280
| -30% | -$299K |
|
3654
PUT
Cencora
COR
$62.6B
| $594K | ﹤0.01% |
+1,900
| New | +$559K |
|
|
BZUN
3655
Baozun
BZUN
$165M
| $591K | ﹤0.01% |
145,823
+103,880
| +248% | +$337K |
|
3656
Tucows
TCX
$101M
| $588K | ﹤0.01% |
31,715
-101
| -0.3% | -$1.96K |
|
3657
CALL
Cracker Barrel
CBRL
$1.3B
| $586K | ﹤0.01% |
13,300
-81,700
| -86% | -$4.72M |
|
|
BLFY
3658
DELISTED
Blue Foundry Bancorp
BLFY
| $586K | ﹤0.01% |
64,439
+8,970
| +16% | +$82.4K |
|
3659
FirstCash
FCFS
$9.95B
| $586K | ﹤0.01% |
3,697
-200,451
| -98% | -$28M |
|
3660
Zillow
Z
$8.12B
| $586K | ﹤0.01% |
7,600
-54,505
| -88% | -$4.45M |
|
3661
PUT
Aehr Test Systems
AEHR
$3.12B
| $584K | ﹤0.01% |
+19,400
| New | +$420K |
|
3662
Matador Resources
MTDR
$6.87B
| $584K | ﹤0.01% |
13,000
-109,589
| -89% | -$5.35M |
|
3663
CALL
Remitly
RELY
$5.55B
| $584K | ﹤0.01% |
+35,800
| New | +$642K |
|
3664
Regional Management Corp
RM
$308M
| $583K | ﹤0.01% |
14,966
-3,331
| -18% | -$125K |
|
|
AAUC
3665
Allied Gold Corp
AAUC
$3.32B
| $581K | ﹤0.01% |
33,232
+1,000
| +3% | +$14.1K |
|
3666
MasterCraft Boat Holdings
MCFT
$599M
| $580K | ﹤0.01% |
+27,047
| New | +$565K |
|
3667
DXP Enterprises
DXPE
$2.92B
| $580K | ﹤0.01% |
4,869
+174
| +4% | +$19.4K |
|
3668
Flexsteel Industries
FLXS
$332M
| $579K | ﹤0.01% |
+12,501
| New | +$518K |
|
3669
Floor & Decor
FND
$5.78B
| $579K | ﹤0.01% |
7,854
-1,750
| -18% | -$143K |
|
3670
Utah Medical Products
UTMD
$226M
| $578K | ﹤0.01% |
9,181
-106
| -1% | -$6.27K |
|
|
PPL
3671
PPL Corp
PPL
$26.3B
| $576K | ﹤0.01% |
15,503
-589,410
| -97% | -$21.2M |
|
3672
CALL
FIVE9
FIVN
$2.41B
| $576K | ﹤0.01% |
23,800
-11,400
| -32% | -$301K |
|
3673
Allogene Therapeutics
ALLO
$750M
| $575K | ﹤0.01% |
+463,898
| New | +$553K |
|
3674
PUT
GigaCloud Technology
GCT
$1.86B
| $574K | ﹤0.01% |
20,200
+4,300
| +27% | +$112K |
|
3675
PUT
Diamondback Energy
FANG
$56B
| $572K | ﹤0.01% |
4,000
-15,000
| -79% | -$2.13M |
|
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.