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 |
Advanced Micro Devices
AMD
|
+$1.52B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.43B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$798M |
| 4 |
Amazon
AMZN
|
+$646M |
| 5 |
Texas Instruments
TXN
|
+$619M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.31B |
| 2 |
Broadcom
AVGO
|
+$1.01B |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$863M |
| 4 |
Western Digital
WDC
|
+$595M |
| 5 |
Meta Platforms (Facebook)
META
|
+$591M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.6% |
| 2 | Consumer Discretionary | 9.12% |
| 3 | Healthcare | 7.62% |
| 4 | Industrials | 7.14% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Cisco
CSCO
$434B
| $58.1M | 0.03% |
754,001
-414,826
| -35% | -$30.8M |
|
602
Coherent
COHR
$53.9B
| $58M | 0.03% |
314,292
+266,853
| +563% | +$39.9M |
|
603
Constellium
CSTM
$3.61B
| $57.6M | 0.03% |
3,055,291
+604,668
| +25% | +$10M |
|
604
Liquidia Corp
LQDA
$6.29B
| $57.5M | 0.03% |
1,667,382
+179,481
| +12% | +$5.11M |
|
605
DaVita
DVA
$11.3B
| $57.4M | 0.03% |
505,332
+429,555
| +567% | +$52.2M |
|
|
TEM
606
CALL
Tempus AI
TEM
$11.9B
| $57.4M | 0.03% |
972,200
-1,515,700
| -61% | -$119M |
|
607
PUT
Wayfair
W
$14.1B
| $57.3M | 0.03% |
570,300
-62,500
| -10% | -$6.01M |
|
608
CALL
MP Materials
MP
$10.2B
| $57M | 0.03% |
1,129,200
+296,700
| +36% | +$18.8M |
|
609
Quest Diagnostics
DGX
$26.9B
| $57M | 0.03% |
+328,734
| New | +$59.9M |
|
610
CALL
Opendoor
OPEN
$3.33B
| $56.5M | 0.03% |
9,687,500
+5,026,443
| +108% | +$36M |
|
|
CRWV
611
CALL
CoreWeave
CRWV
$47.6B
| $56.2M | 0.03% |
+785,000
| New | +$79.6M |
|
612
CALL
CVS Health
CVS
$120B
| $56M | 0.03% |
705,500
+133,400
| +23% | +$10.5M |
|
613
PUT
Home Depot
HD
$336B
| $55.7M | 0.03% |
162,000
+101,200
| +166% | +$37.1M |
|
614
Coca-Cola Consolidated
COKE
$12.8B
| $55.6M | 0.03% |
362,626
-80,144
| -18% | -$11.8M |
|
615
Global Payments
GPN
$25B
| $55.4M | 0.03% |
716,144
-1,301,120
| -64% | -$105M |
|
616
Matsons
MATX
$6.66B
| $55.4M | 0.03% |
448,285
-86,315
| -16% | -$9.27M |
|
|
FYBR
617
DELISTED
Frontier Communications
FYBR
| $55.3M | 0.03% |
1,451,454
+24,186
| +2% | +$914K |
|
618
Ralph Lauren
RL
$22.1B
| $55.2M | 0.03% |
156,230
-116,136
| -43% | -$39.6M |
|
619
PUT
SLB Ltd
SLB
$80.1B
| $55.1M | 0.03% |
1,435,600
+220,100
| +18% | +$7.98M |
|
620
CALL
Moderna
MRNA
$55.4B
| $55M | 0.03% |
1,866,600
+490,100
| +36% | +$13.3M |
|
621
Crocs
CROX
$6.03B
| $54.8M | 0.03% |
641,147
+634,532
| +9,592% | +$53.1M |
|
622
PUT
RH
RH
$2.71B
| $54.8M | 0.03% |
305,900
+118,500
| +63% | +$20.3M |
|
623
CALL
D-Wave Quantum Inc
QBTS
$6.96B
| $54.8M | 0.03% |
2,095,600
+1,083,200
| +107% | +$31.6M |
|
624
PUT
Futu Holdings
FUTU
$16.2B
| $54.4M | 0.03% |
331,500
-145,900
| -31% | -$25M |
|
625
PUT
Newmont
NEM
$139B
| $54.4M | 0.03% |
544,500
-20,000
| -4% | -$1.81M |
|
Similar funds
David Shaw's Q4 2025 Portfolio in Review
As of Q4 2025, David Shaw held 5,141 positions worth $182B, up 3% from $177B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2025 filing shows 639 new, 1,734 increased, 1,574 reduced and 583 closed positions. Its largest new stake was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M. The largest sale was Micron Technology, an estimated $1.31B.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2025 buy was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M.
- David Shaw added most to Advanced Micro Devices in Q4 2025, an estimated $1.52B increase.
- David Shaw's biggest Q4 2025 reduction was Micron Technology, cutting an estimated $1.31B.
- David Shaw fully exited Vanguard Short-Term Corporate Bond ETF in Q4 2025, selling an estimated $499M.
- David Shaw's ten largest holdings make up 12% of its $182B portfolio in Q4 2025.
- David Shaw opened 639 new positions and closed 583 in Q4 2025.
- David Shaw's portfolio value rose 3% quarter-over-quarter to $182B.
Based on D.E. Shaw & Co's 13F filing for Q4 2025, filed 17 Feb 2026.