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 | |
|---|---|---|---|---|---|---|
676
Tenable Holdings
TENB
$3.74B
| $44.1M | 0.02% |
1,512,979
+281,152
| +23% | +$8.78M |
|
677
Madrigal Pharmaceuticals
MDGL
$11.8B
| $44.1M | 0.02% |
96,182
-15,799
| -14% | -$5.89M |
|
678
Kiniksa Pharmaceuticals
KNSA
$6.19B
| $44M | 0.02% |
1,134,186
+342,881
| +43% | +$11.1M |
|
679
Choice Hotels
CHH
$5B
| $44M | 0.02% |
411,099
-6,515
| -2% | -$796K |
|
680
JD.com
JD
$39.4B
| $43.6M | 0.02% |
1,247,745
-174,566
| -12% | -$5.68M |
|
681
Hilton Worldwide
HLT
$74.3B
| $43.5M | 0.02% |
167,840
-327,307
| -66% | -$88.5M |
|
682
CrowdStrike
CRWD
$194B
| $43.5M | 0.02% |
354,644
-697,464
| -66% | -$79.3M |
|
683
Hasbro
HAS
$13.5B
| $43.2M | 0.02% |
569,205
+408,706
| +255% | +$31.7M |
|
684
PUT
Atlassian
TEAM
$43.4B
| $43.2M | 0.02% |
270,200
+76,900
| +40% | +$13.9M |
|
685
CALL
CVS Health
CVS
$120B
| $43.1M | 0.02% |
572,100
-383,000
| -40% | -$26.2M |
|
686
Stryker
SYK
$126B
| $43.1M | 0.02% |
116,654
-298,255
| -72% | -$115M |
|
687
Watsco Inc
WSO
$12.8B
| $42.9M | 0.02% |
106,084
+15,618
| +17% | +$6.68M |
|
688
CALL
Cisco
CSCO
$434B
| $42.8M | 0.02% |
626,100
+101,500
| +19% | +$6.92M |
|
689
PUT
Procter & Gamble
PG
$341B
| $42.8M | 0.02% |
278,800
+237,400
| +573% | +$37.1M |
|
690
Mattel
MAT
$4.23B
| $42.7M | 0.02% |
2,539,155
+1,019,133
| +67% | +$18.6M |
|
691
Camping World
CWH
$663M
| $42.7M | 0.02% |
2,705,953
-356,983
| -12% | -$6.11M |
|
692
Cinemark Holdings
CNK
$4.45B
| $42.7M | 0.02% |
1,522,981
-186,677
| -11% | -$5.16M |
|
693
Ormat Technologies
ORA
$6.48B
| $42.3M | 0.02% |
439,854
+263,992
| +150% | +$23.8M |
|
694
PUT
Avis
CAR
$5.19B
| $42.2M | 0.02% |
263,100
+34,700
| +15% | +$5.85M |
|
695
Centuri Holdings
CTRI
$2.1B
| $42.2M | 0.02% |
1,995,378
+1,959,730
| +5,497% | +$41.6M |
|
696
H&R Block
HRB
$6.62B
| $42.2M | 0.02% |
834,346
-300,247
| -26% | -$15.9M |
|
697
Coty
COTY
$2.46B
| $42.2M | 0.02% |
10,433,216
+6,372,518
| +157% | +$29.2M |
|
698
Brookfield Infrastructure
BIPC
$4.82B
| $42.1M | 0.02% |
1,025,081
+579,439
| +130% | +$23.5M |
|
699
PUT
Centene
CNC
$32.4B
| $42.1M | 0.02% |
1,180,600
+1,150,600
| +3,835% | +$34.8M |
|
700
CALL
Fair Isaac
FICO
$25.2B
| $42.1M | 0.02% |
28,100
-5,700
| -17% | -$8.57M |
|
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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.