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 | |
|---|---|---|---|---|---|---|
3951
PUT
Magnite
MGNI
$3.4B
| $322K | ﹤0.01% |
+14,800
| New | +$349K |
|
3952
Similarweb
SMWB
$779M
| $322K | ﹤0.01% |
34,602
-4,511
| -12% | -$40.4K |
|
3953
Semtech
SMTC
$11.8B
| $322K | ﹤0.01% |
4,500
-1,602
| -26% | -$87K |
|
3954
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.9B
| $322K | ﹤0.01% |
7,135
-1,843
| -21% | -$80.1K |
|
3955
CALL
PNC Financial Services
PNC
$97.4B
| $321K | ﹤0.01% |
1,600
| – | – |
|
3956
Grid Dynamics Holdings
GDYN
$631M
| $320K | ﹤0.01% |
+41,542
| New | +$371K |
|
|
WBS
3957
DELISTED
Webster Financial
WBS
| $320K | ﹤0.01% |
5,386
-198,096
| -97% | -$11.8M |
|
3958
PUT
Digital Turbine
APPS
$1.27B
| $320K | ﹤0.01% |
50,000
| – | – |
|
|
NVMI
3959
PUT
Nova
NVMI
$11.6B
| $320K | ﹤0.01% |
1,000
-2,000
| -67% | -$552K |
|
3960
CALL
Federal Agricultural Mortgage
AGM
$2.36B
| $319K | ﹤0.01% |
+1,900
| New | +$356K |
|
|
SAFE
3961
Safehold
SAFE
$1.09B
| $319K | ﹤0.01% |
20,570
-12,669
| -38% | -$196K |
|
3962
Logitech
LOGI
$14.1B
| $318K | ﹤0.01% |
2,903
-69,432
| -96% | -$6.98M |
|
3963
CALL
Cogent Communications
CCOI
$501M
| $318K | ﹤0.01% |
8,300
-8,300
| -50% | -$347K |
|
3964
Air Products & Chemicals
APD
$68B
| $318K | ﹤0.01% |
+1,167
| New | +$338K |
|
3965
TFS Financial
TFSL
$4.98B
| $318K | ﹤0.01% |
24,148
+1,095
| +5% | +$14.5K |
|
3966
Hanmi Financial
HAFC
$921M
| $318K | ﹤0.01% |
12,882
-18,184
| -59% | -$448K |
|
3967
Prologis
PLD
$136B
| $317K | ﹤0.01% |
2,772
-65,407
| -96% | -$7.19M |
|
|
AHRT
3968
AH Realty Trust
AHRT
$506M
| $316K | ﹤0.01% |
45,105
+34,635
| +331% | +$246K |
|
3969
Whirlpool
WHR
$2.66B
| $316K | ﹤0.01% |
+4,017
| New | +$369K |
|
3970
CALL
Lennar Class A
LEN
$21.1B
| $315K | ﹤0.01% |
+2,500
| New | +$310K |
|
|
APLS
3971
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $315K | ﹤0.01% |
13,900
| – | – |
|
3972
PUT
Atkore
ATKR
$3.17B
| $314K | ﹤0.01% |
+5,000
| New | +$326K |
|
3973
GoodRx Holdings
GDRX
$1.18B
| $314K | ﹤0.01% |
74,155
+20,235
| +38% | +$89K |
|
|
RPT
3974
Rithm Property Trust
RPT
$103M
| $313K | ﹤0.01% |
20,684
-5,188
| -20% | -$82.3K |
|
3975
Waste Management
WM
$89.2B
| $308K | ﹤0.01% |
1,394
-74,634
| -98% | -$16.8M |
|
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.