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 | |
|---|---|---|---|---|---|---|
726
PUT
Estee Lauder
EL
$37.7B
| $44.2M | 0.02% |
421,800
-129,900
| -24% | -$12.6M |
|
727
PUT
Fair Isaac
FICO
$25.2B
| $44.1M | 0.02% |
26,100
-6,700
| -20% | -$11.5M |
|
|
EXE
728
CALL
Expand Energy Corp
EXE
$22.3B
| $44M | 0.02% |
398,600
+109,200
| +38% | +$12.1M |
|
|
ARES.PRB
729
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.33B
| $43.9M | 0.02% |
872,250
+125,000
| +17% | +$6.16M |
|
730
Arvinas
ARVN
$611M
| $43.8M | 0.02% |
3,689,201
+342,038
| +10% | +$3.73M |
|
731
Virtu Financial
VIRT
$5.85B
| $43.6M | 0.02% |
1,309,544
+440,074
| +51% | +$15.1M |
|
732
Plug Power
PLUG
$3.03B
| $43.6M | 0.02% |
22,111,898
+9,231,815
| +72% | +$24.1M |
|
733
CALL
Occidental Petroleum
OXY
$60.1B
| $43.5M | 0.02% |
1,057,500
+185,000
| +21% | +$7.72M |
|
734
PACCAR
PCAR
$68.4B
| $43.5M | 0.02% |
396,847
-1,468,704
| -79% | -$151M |
|
735
Schwab US Dividend Equity ETF
SCHD
$112B
| $43.3M | 0.02% |
1,579,109
+1,324,752
| +521% | +$36M |
|
736
New York Times
NYT
$10.9B
| $43.2M | 0.02% |
621,826
-289,496
| -32% | -$17.9M |
|
737
Sea Limited
SE
$70.9B
| $43.1M | 0.02% |
338,195
-1,479,212
| -81% | -$219M |
|
738
PUT
HubSpot
HUBS
$12.2B
| $43.1M | 0.02% |
107,500
+50,900
| +90% | +$21.1M |
|
|
NVO
739
Novo Nordisk
NVO
$207B
| $43M | 0.02% |
845,224
-204,295
| -19% | -$10.4M |
|
740
CALL
SoundHound AI
SOUN
$3.11B
| $43M | 0.02% |
4,312,800
+5,000
| +0.1% | +$72K |
|
|
APO.PRA
741
DELISTED
Apollo Global Management Series A
APO.PRA
| $43M | 0.02% |
570,000
+100,000
| +21% | +$6.99M |
|
742
Brookfield Infrastructure
BIPC
$4.82B
| $42.9M | 0.02% |
945,180
-79,901
| -8% | -$3.62M |
|
743
PUT
Verizon
VZ
$208B
| $42.7M | 0.02% |
1,047,700
+201,000
| +24% | +$8.15M |
|
744
ConocoPhillips
COP
$160B
| $42.5M | 0.02% |
454,516
+184,962
| +69% | +$16.7M |
|
745
KeyCorp
KEY
$23.3B
| $42.4M | 0.02% |
2,054,046
+1,993,188
| +3,275% | +$37.1M |
|
746
UFP Industries
UFPI
$4.92B
| $42.4M | 0.02% |
465,593
+178,080
| +62% | +$16.3M |
|
747
J.M. Smucker
SJM
$13.5B
| $42.4M | 0.02% |
433,322
+334,828
| +340% | +$34.6M |
|
748
DXC Technology
DXC
$1.7B
| $42.3M | 0.02% |
2,888,059
+694,633
| +32% | +$9.55M |
|
749
Textron
TXT
$14.1B
| $42.3M | 0.02% |
485,339
-569,091
| -54% | -$47.6M |
|
750
Unum
UNM
$14.2B
| $42.1M | 0.02% |
542,982
+469,123
| +635% | +$35.9M |
|
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.