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 | |
|---|---|---|---|---|---|---|
3926
Vanguard FTSE Europe ETF
VGK
$31.3B
| $339K | ﹤0.01% |
4,254
-100
| -2% | -$7.83K |
|
|
APLS
3927
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $339K | ﹤0.01% |
15,000
-7,700
| -34% | -$180K |
|
|
VSXY
3928
PUT
Victoria's Secret
VSXY
$6.95B
| $339K | ﹤0.01% |
12,500
-204,300
| -94% | -$4.59M |
|
|
HTFL
3929
Heartflow Inc
HTFL
$4.39B
| $338K | ﹤0.01% |
+10,030
| New | +$322K |
|
|
COOP
3930
CALL
DELISTED
Mr. Cooper
COOP
| $337K | ﹤0.01% |
1,600
| – | – |
|
3931
CALL
J.M. Smucker
SJM
$13.3B
| $337K | ﹤0.01% |
3,100
-3,900
| -56% | -$424K |
|
3932
CALL
Hewlett Packard
HPE
$70.3B
| $336K | ﹤0.01% |
13,700
| – | – |
|
3933
Amcor
AMCR
$21.8B
| $336K | ﹤0.01% |
+8,223
| New | +$369K |
|
3934
Starwood Property Trust
STWD
$6B
| $334K | ﹤0.01% |
17,254
-118,305
| -87% | -$2.38M |
|
|
ZYXI
3935
DELISTED
Zynex
ZYXI
| $333K | ﹤0.01% |
229,524
+77,152
| +51% | +$142K |
|
3936
CALL
PBF Energy
PBF
$7.92B
| $332K | ﹤0.01% |
11,000
-22,600
| -67% | -$591K |
|
3937
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$270M
| $332K | ﹤0.01% |
4,864
-4,246
| -47% | -$285K |
|
|
GRAL
3938
PUT
GRAIL Inc
GRAL
$3.63B
| $331K | ﹤0.01% |
5,600
| – | – |
|
3939
Insteel Industries
IIIN
$586M
| $330K | ﹤0.01% |
8,617
-26,882
| -76% | -$1.02M |
|
3940
PUT
Cheniere Energy
LNG
$58B
| $329K | ﹤0.01% |
1,400
-3,900
| -74% | -$917K |
|
3941
Vera Bradley
VRA
$91.3M
| $329K | ﹤0.01% |
163,483
-19,655
| -11% | -$41.7K |
|
3942
CALL
Weatherford International
WFRD
$6.33B
| $328K | ﹤0.01% |
4,800
-4,200
| -47% | -$249K |
|
3943
PUT
Jones Lang LaSalle
JLL
$18B
| $328K | ﹤0.01% |
1,100
| – | – |
|
|
CNL
3944
Collective Mining Ltd
CNL
$1.53B
| $328K | ﹤0.01% |
+22,600
| New | +$257K |
|
3945
CALL
Stride
LRN
$3.57B
| $328K | ﹤0.01% |
2,200
| – | – |
|
3946
Capitol Federal Financial
CFFN
$1.05B
| $327K | ﹤0.01% |
51,507
-131,948
| -72% | -$825K |
|
3947
HDFC Bank
HDB
$122B
| $327K | ﹤0.01% |
+9,574
| New | +$353K |
|
3948
CALL
Shoals Technologies Group
SHLS
$1.16B
| $327K | ﹤0.01% |
44,100
-231,600
| -84% | -$1.42M |
|
3949
CALL
Seadrill
SDRL
$2.96B
| $326K | ﹤0.01% |
10,800
-15,800
| -59% | -$481K |
|
3950
BCB Bancorp
BCBP
$157M
| $326K | ﹤0.01% |
37,502
-18,505
| -33% | -$162K |
|
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.