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 | |
|---|---|---|---|---|---|---|
351
CALL
Palo Alto Networks
PANW
$292B
| $110M | 0.06% |
596,800
+103,800
| +21% | +$20.9M |
|
|
HUT
352
Hut 8
HUT
$9.97B
| $110M | 0.06% |
2,385,318
+420,872
| +21% | +$18.6M |
|
353
PUT
Pfizer
PFE
$160B
| $109M | 0.06% |
4,369,700
-852,600
| -16% | -$21.5M |
|
|
OKLO
354
CALL
Oklo
OKLO
$7.83B
| $109M | 0.06% |
1,516,200
-2,900
| -0.2% | -$323K |
|
355
Performance Food Group
PFGC
$16.5B
| $109M | 0.06% |
1,209,212
+572,111
| +90% | +$55.2M |
|
356
Pilgrim's Pride
PPC
$7.68B
| $109M | 0.06% |
2,787,095
+903,463
| +48% | +$34.7M |
|
357
CALL
PayPal
PYPL
$52.7B
| $109M | 0.06% |
1,860,000
+1,595,000
| +602% | +$104M |
|
358
PUT
Affirm
AFRM
$25.8B
| $108M | 0.06% |
1,450,900
+386,400
| +36% | +$27.8M |
|
359
PUT
Zscaler
ZS
$29.4B
| $107M | 0.06% |
477,200
-1,600
| -0.3% | -$452K |
|
360
GE HealthCare
GEHC
$33.8B
| $107M | 0.06% |
1,307,668
-764,283
| -37% | -$59.5M |
|
361
CALL
Coca-Cola
KO
$392B
| $106M | 0.06% |
1,520,600
+518,100
| +52% | +$36.1M |
|
362
Peloton Interactive
PTON
$2.37B
| $106M | 0.06% |
17,136,161
+2,472,551
| +17% | +$17.4M |
|
363
Alibaba
BABA
$286B
| $105M | 0.06% |
717,596
-699,218
| -49% | -$114M |
|
364
JB Hunt Transport Services
JBHT
$25.9B
| $104M | 0.06% |
537,330
+226,154
| +73% | +$38.8M |
|
365
PUT
Enbridge
ENB
$110B
| $104M | 0.06% |
2,180,000
+60,000
| +3% | +$2.86M |
|
366
ON Semiconductor
ON
$28.9B
| $104M | 0.06% |
1,921,233
+1,324,167
| +222% | +$67.9M |
|
|
JBS
367
JBS N.V.
JBS
$45.5B
| $104M | 0.06% |
7,205,628
-2,522,063
| -26% | -$34.7M |
|
368
Kinder Morgan
KMI
$69B
| $103M | 0.06% |
3,760,220
+3,277,207
| +678% | +$88.5M |
|
|
369
PUT
Texas Instruments
TXN
$241B
| $103M | 0.06% |
595,100
+171,000
| +40% | +$29.3M |
|
370
CALL
Salesforce
CRM
$171B
| $103M | 0.06% |
389,600
+148,100
| +61% | +$36.8M |
|
371
Murphy USA
MUSA
$10.5B
| $103M | 0.06% |
255,158
+211,392
| +483% | +$81.1M |
|
|
372
Coca-Cola
KO
$392B
| $102M | 0.06% |
1,460,830
-2,063,242
| -59% | -$144M |
|
373
AST SpaceMobile
ASTS
$20.6B
| $102M | 0.06% |
1,404,959
-1,884,466
| -57% | -$134M |
|
374
Intuit
INTU
$100B
| $101M | 0.06% |
152,992
-75,686
| -33% | -$50M |
|
375
CALL
TSMC
TSM
$2.17T
| $101M | 0.06% |
333,200
+311,200
| +1,415% | +$91.3M |
|
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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.