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 | |
|---|---|---|---|---|---|---|
|
API
3901
Agora
API
$349M
| $361K | ﹤0.01% |
94,386
| – | – |
|
3902
PUT
Saia
SAIA
$9.2B
| $359K | ﹤0.01% |
1,200
| – | – |
|
|
ACH
3903
PUT
Accendra Health
ACH
$90M
| $359K | ﹤0.01% |
+74,700
| New | +$475K |
|
3904
PUT
Sonoco
SON
$5.72B
| $358K | ﹤0.01% |
+8,300
| New | +$383K |
|
3905
CALL
C.H. Robinson
CHRW
$16.9B
| $357K | ﹤0.01% |
2,700
| – | – |
|
|
RSVRW
3906
DELISTED
Reservoir Media Inc Warrant
RSVRW
| $356K | ﹤0.01% |
547,924
| – | – |
|
|
FIRY
3907
Firy Inc
FIRY
$154M
| $356K | ﹤0.01% |
44,451
-19,396
| -30% | -$149K |
|
3908
Empire State Realty Trust
ESRT
$829M
| $355K | ﹤0.01% |
46,372
-63,817
| -58% | -$488K |
|
3909
nVent Electric
NVT
$24.5B
| $355K | ﹤0.01% |
3,600
-9,111
| -72% | -$791K |
|
3910
RBB Bancorp
RBB
$447M
| $354K | ﹤0.01% |
18,865
+5,492
| +41% | +$105K |
|
3911
PUT
Dynatrace
DT
$14.5B
| $354K | ﹤0.01% |
+7,300
| New | +$369K |
|
3912
OceanFirst Financial
OCFC
$1.82B
| $354K | ﹤0.01% |
20,125
-26,487
| -57% | -$473K |
|
3913
Broadridge
BR
$21.1B
| $352K | ﹤0.01% |
1,479
-12,008
| -89% | -$2.99M |
|
3914
Hawaiian Electric Industries
HE
$1.97B
| $351K | ﹤0.01% |
31,774
-969
| -3% | -$11K |
|
3915
PUT
AutoNation
AN
$6.45B
| $350K | ﹤0.01% |
1,600
| – | – |
|
3916
Companhia Siderúrgica Nacional
SID
$1.35B
| $349K | ﹤0.01% |
232,818
+196,124
| +534% | +$283K |
|
3917
PUT
OSI Systems
OSIS
$3.27B
| $349K | ﹤0.01% |
1,400
| – | – |
|
|
TSE
3918
DELISTED
Trinseo
TSE
| $346K | ﹤0.01% |
147,316
-169,158
| -53% | -$440K |
|
|
INFA
3919
DELISTED
Informatica
INFA
| $345K | ﹤0.01% |
+13,887
| New | +$343K |
|
3920
ARS Pharmaceuticals
SPRY
$562M
| $344K | ﹤0.01% |
34,219
-23,230
| -40% | -$333K |
|
3921
iShares Global Healthcare ETF
IXJ
$4.41B
| $342K | ﹤0.01% |
3,860
| – | – |
|
3922
Eagle Bancorp
EGBN
$847M
| $342K | ﹤0.01% |
16,904
-98,173
| -85% | -$1.9M |
|
|
ARTY
3923
iShares Future AI & Tech ETF
ARTY
$3.92B
| $340K | ﹤0.01% |
7,428
| – | – |
|
3924
PUT
Hertz
HTZ
$791M
| $340K | ﹤0.01% |
50,000
| – | – |
|
|
BACQR
3925
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
| $340K | ﹤0.01% |
500,000
| – | – |
|
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.