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 | |
|---|---|---|---|---|---|---|
651
Supernus Pharmaceuticals
SUPN
$2.62B
| $46.8M | 0.03% |
979,604
+380,983
| +64% | +$15.3M |
|
652
CALL
General Motors
GM
$76.3B
| $46.8M | 0.03% |
767,400
-243,600
| -24% | -$13.6M |
|
653
CALL
RTX Corp
RTX
$282B
| $46.8M | 0.03% |
279,400
+80,300
| +40% | +$12.5M |
|
654
Equitable Holdings
EQH
$13.4B
| $46.7M | 0.03% |
919,924
+885,332
| +2,559% | +$46.9M |
|
655
PUT
Unity
U
$20.3B
| $46.4M | 0.03% |
1,159,700
+755,200
| +187% | +$28M |
|
656
Jabil
JBL
$31.9B
| $46.4M | 0.03% |
213,526
+39,007
| +22% | +$8.49M |
|
657
International Flavors & Fragrances
IFF
$21.9B
| $46.1M | 0.03% |
+749,795
| New | +$51.5M |
|
658
Lyft
LYFT
$6.69B
| $46M | 0.03% |
2,090,751
-8,061,420
| -79% | -$135M |
|
659
Gilead Sciences
GILD
$182B
| $45.9M | 0.03% |
413,762
-286,466
| -41% | -$32.6M |
|
|
FETH
660
Fidelity Ethereum Fund
FETH
$1.33B
| $45.8M | 0.03% |
1,103,000
+903,000
| +452% | +$35.4M |
|
661
CALL
Rogers Communications
RCI
$19.7B
| $45.8M | 0.03% |
1,330,000
+285,000
| +27% | +$9.81M |
|
662
PUT
TC Energy
TRP
$64.7B
| $45.7M | 0.03% |
840,000
-60,000
| -7% | -$3.01M |
|
663
Range Resources
RRC
$9.64B
| $45.6M | 0.03% |
1,212,396
+717,730
| +145% | +$25.6M |
|
664
QuantumScape Corp
QS
$3.52B
| $45.5M | 0.03% |
3,696,990
-4,841,989
| -57% | -$47.2M |
|
|
665
CALL
Unity
U
$20.3B
| $45.4M | 0.03% |
1,133,500
+466,600
| +70% | +$17.3M |
|
666
Avis
CAR
$5.19B
| $45.1M | 0.03% |
281,088
-340,030
| -55% | -$57.3M |
|
667
Cable One
CABO
$130M
| $45.1M | 0.03% |
254,911
+129,277
| +103% | +$19.4M |
|
668
Toast
TOST
$21.2B
| $45.1M | 0.03% |
1,234,867
-1,658,139
| -57% | -$72M |
|
669
Opendoor
OPEN
$3.33B
| $45.1M | 0.03% |
5,841,213
-929,024
| -14% | -$3.77M |
|
|
JMIA
670
Jumia Technologies
JMIA
$808M
| $45M | 0.03% |
3,874,224
+1,645,046
| +74% | +$12M |
|
671
Reinsurance Group of America
RGA
$16B
| $44.7M | 0.03% |
232,738
+217,842
| +1,462% | +$41.7M |
|
672
American Superconductor
AMSC
$1.4B
| $44.7M | 0.03% |
752,703
+619,059
| +463% | +$30.9M |
|
673
Halliburton
HAL
$28.9B
| $44.7M | 0.03% |
1,815,499
-2,423,602
| -57% | -$53.6M |
|
674
The RealReal
REAL
$1.37B
| $44.5M | 0.03% |
4,190,904
+1,475,703
| +54% | +$10.9M |
|
675
Coeur Mining
CDE
$21.5B
| $44.5M | 0.03% |
2,371,541
+1,933,999
| +442% | +$23.7M |
|
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.