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 | |
|---|---|---|---|---|---|---|
4126
PUT
Curtiss-Wright
CW
$22.7B
| $217K | ﹤0.01% |
+400
| New | +$197K |
|
4127
CALL
Regions Financial
RF
$26.1B
| $216K | ﹤0.01% |
+8,200
| New | +$213K |
|
4128
CuriosityStream
CURI
$169M
| $215K | ﹤0.01% |
40,623
+30,061
| +285% | +$138K |
|
4129
Seneca Foods Class A
SENEA
$1.28B
| $214K | ﹤0.01% |
1,987
-12,263
| -86% | -$1.3M |
|
4130
Tidewater
TDW
$4.62B
| $214K | ﹤0.01% |
+4,018
| New | +$220K |
|
4131
Beazer Homes USA
BZH
$883M
| $214K | ﹤0.01% |
+8,724
| New | +$214K |
|
|
OCSAW
4132
Oculis Holding AG Warrants
OCSAW
$264M
| $214K | ﹤0.01% |
35,616
| – | – |
|
4133
First Trust Water ETF
FIW
$1.9B
| $214K | ﹤0.01% |
1,901
-200
| -10% | -$22.3K |
|
4134
Pacer Trendpilot US Large Cap ETF
PTLC
$3.34B
| $213K | ﹤0.01% |
3,889
-12,975
| -77% | -$683K |
|
4135
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$5.06B
| $213K | ﹤0.01% |
+3,126
| New | +$202K |
|
|
RUMBW
4136
RUM Group Inc Warrant
RUMBW
$16.7M
| $212K | ﹤0.01% |
106,572
| – | – |
|
4137
W.R. Berkley
WRB
$25.9B
| $212K | ﹤0.01% |
2,764
-397
| -13% | -$28.3K |
|
4138
NetApp
NTAP
$36.7B
| $212K | ﹤0.01% |
1,787
-10,913
| -86% | -$1.22M |
|
4139
Enovis
ENOV
$1.45B
| $211K | ﹤0.01% |
+6,968
| New | +$211K |
|
|
BFS
4140
Saul Centers
BFS
$844M
| $210K | ﹤0.01% |
6,602
-1,725
| -21% | -$56.9K |
|
4141
Old Second Bancorp
OSBC
$1.29B
| $210K | ﹤0.01% |
12,166
-31,710
| -72% | -$571K |
|
4142
iShares Future Exponential Technologies ETF
XT
$3.93B
| $210K | ﹤0.01% |
+2,920
| New | +$198K |
|
|
PRMB
4143
Primo Brands
PRMB
$8.33B
| $210K | ﹤0.01% |
+9,500
| New | +$246K |
|
4144
WisdomTree US SmallCap Earnings Fund
EES
$720M
| $210K | ﹤0.01% |
+3,755
| New | +$203K |
|
4145
Capital Group Core Equity ETF
CGUS
$11.7B
| $210K | ﹤0.01% |
5,304
-2,700
| -34% | -$104K |
|
4146
iShares Core MSCI Europe ETF
IEUR
$9.46B
| $209K | ﹤0.01% |
3,074
-1,000
| -25% | -$66.7K |
|
|
NOAH
4147
Noah Holdings
NOAH
$597M
| $208K | ﹤0.01% |
17,983
+1,577
| +10% | +$18.8K |
|
4148
GMO US Quality ETF
QLTY
$5.14B
| $207K | ﹤0.01% |
5,732
-2,500
| -30% | -$87.3K |
|
4149
CALL
LGI Homes
LGIH
$1.35B
| $207K | ﹤0.01% |
+4,000
| New | +$233K |
|
4150
Alphatec Holdings
ATEC
$1.43B
| $205K | ﹤0.01% |
+14,128
| New | +$197K |
|
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.