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 | |
|---|---|---|---|---|---|---|
476
NuScale Power
SMR
$3.71B
| $69.9M | 0.04% |
1,942,340
-4,431,663
| -70% | -$177M |
|
477
Bright Horizons
BFAM
$3.6B
| $69.5M | 0.04% |
640,340
+585,024
| +1,058% | +$67.7M |
|
478
Sibanye-Stillwater
SBSW
$8.82B
| $69.4M | 0.04% |
6,175,728
-3,265,462
| -35% | -$28.5M |
|
479
CALL
SoundHound AI
SOUN
$3.11B
| $69.3M | 0.04% |
4,307,800
+1,392,500
| +48% | +$18.5M |
|
480
Cummins
CMI
$78.7B
| $69.1M | 0.04% |
163,687
+71,762
| +78% | +$27.5M |
|
481
AB InBev
BUD
$156B
| $69.1M | 0.04% |
1,159,399
+1,035,585
| +836% | +$65.2M |
|
482
Carrier Global
CARR
$49.4B
| $68.5M | 0.04% |
1,147,946
+637,544
| +125% | +$43.3M |
|
|
HUT
483
Hut 8
HUT
$9.81B
| $68.4M | 0.04% |
1,964,446
+847,817
| +76% | +$21.5M |
|
484
CALL
W.W. Grainger
GWW
$62.3B
| $68M | 0.04% |
71,400
-18,900
| -21% | -$19M |
|
485
Sherwin-Williams
SHW
$84.2B
| $67.7M | 0.04% |
195,531
+21,329
| +12% | +$7.52M |
|
486
Mirum Pharmaceuticals
MIRM
$5.9B
| $67.7M | 0.04% |
923,509
+368,552
| +66% | +$23.4M |
|
487
ARK Innovation ETF
ARKK
$6.41B
| $67.6M | 0.04% |
782,117
+497,761
| +175% | +$38.1M |
|
488
General Dynamics
GD
$104B
| $67.6M | 0.04% |
198,110
+19,625
| +11% | +$6.19M |
|
489
Rio Tinto
RIO
$170B
| $67.4M | 0.04% |
1,021,761
-66,018
| -6% | -$4.08M |
|
490
CALL
Target
TGT
$77.2B
| $67.3M | 0.04% |
750,300
+282,300
| +60% | +$27.8M |
|
491
PUT
Morgan Stanley
MS
$336B
| $67M | 0.04% |
421,700
-37,000
| -8% | -$5.46M |
|
492
Biogen
BIIB
$32.2B
| $66.9M | 0.04% |
477,924
-888,283
| -65% | -$120M |
|
493
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $66.8M | 0.04% |
480,080
+308,544
| +180% | +$41.8M |
|
|
HSAI
494
Hesai Group
HSAI
$2.85B
| $66.6M | 0.04% |
2,369,189
+330,777
| +16% | +$8.1M |
|
495
CALL
Coca-Cola
KO
$396B
| $66.5M | 0.04% |
1,002,500
+644,000
| +180% | +$44.3M |
|
496
Performance Food Group
PFGC
$16.6B
| $66.3M | 0.04% |
637,101
+448,457
| +238% | +$44.9M |
|
497
Ameriprise Financial
AMP
$49.6B
| $66.2M | 0.04% |
+134,748
| New | +$69.1M |
|
498
PUT
Accenture
ACN
$114B
| $65.7M | 0.04% |
266,400
+213,800
| +406% | +$55.7M |
|
499
Tradeweb Markets
TW
$22.9B
| $65.5M | 0.04% |
589,848
+381,961
| +184% | +$49.1M |
|
500
CALL
PepsiCo
PEP
$197B
| $65.5M | 0.04% |
466,100
+443,400
| +1,953% | +$63.3M |
|
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.