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 | |
|---|---|---|---|---|---|---|
751
Hecla Mining
HL
$13.7B
| $37.9M | 0.02% |
3,135,380
-6,476,858
| -67% | -$52M |
|
752
Revolution Medicines
RVMD
$45.3B
| $37.9M | 0.02% |
812,279
+152,147
| +23% | +$5.96M |
|
753
PUT
Humana
HUM
$46.4B
| $37.8M | 0.02% |
145,200
+32,500
| +29% | +$8.55M |
|
754
CALL
British American Tobacco
BTI
$122B
| $37.7M | 0.02% |
710,600
+238,900
| +51% | +$13M |
|
755
PUT
JPMorgan Chase
JPM
$947B
| $37.6M | 0.02% |
119,300
+45,600
| +62% | +$13.6M |
|
|
NBIS
756
PUT
Nebius Group N.V.
NBIS
$57.3B
| $37.5M | 0.02% |
334,400
+189,400
| +131% | +$13.1M |
|
757
PUT
On Holding
ONON
$9.86B
| $37.5M | 0.02% |
886,100
+632,200
| +249% | +$30.1M |
|
758
iQIYI
IQ
$975M
| $37.5M | 0.02% |
14,653,879
-486,682
| -3% | -$1.08M |
|
759
Porch Group
PRCH
$1.94B
| $37.5M | 0.02% |
2,233,629
+1,472,509
| +193% | +$22.6M |
|
760
BJs Wholesale Club
BJ
$12.6B
| $37.5M | 0.02% |
401,683
+267,371
| +199% | +$27.3M |
|
|
ARES.PRB
761
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.33B
| $37.2M | 0.02% |
+747,250
| New | +$41.4M |
|
762
PUT
Verizon
VZ
$208B
| $37.2M | 0.02% |
846,700
+721,000
| +574% | +$31.2M |
|
763
Shopify
SHOP
$193B
| $37.2M | 0.02% |
250,343
-69,008
| -22% | -$9.36M |
|
764
Check Point Software Technologies
CHKP
$13.3B
| $37.1M | 0.02% |
179,184
-102,945
| -36% | -$20.7M |
|
765
Novavax
NVAX
$1.46B
| $37.1M | 0.02% |
4,274,079
+333,119
| +8% | +$2.59M |
|
766
iShares MSCI Germany ETF
EWG
$1.72B
| $36.9M | 0.02% |
887,324
-407,125
| -31% | -$17.1M |
|
767
Ecolab
ECL
$80.4B
| $36.8M | 0.02% |
134,495
-256,794
| -66% | -$69.8M |
|
768
CALL
Rocket Companies
RKT
$39.9B
| $36.8M | 0.02% |
1,898,635
+1,700,435
| +858% | +$29.7M |
|
769
Dentsply Sirona
XRAY
$2.17B
| $36.8M | 0.02% |
2,896,859
+1,669,643
| +136% | +$24.2M |
|
|
KKR.PRD
770
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.37B
| $36.7M | 0.02% |
704,000
-450,000
| -39% | -$25.2M |
|
771
Constellium
CSTM
$3.61B
| $36.5M | 0.02% |
2,450,623
+171,961
| +8% | +$2.46M |
|
772
Amgen
AMGN
$240B
| $36.4M | 0.02% |
128,859
-496,222
| -79% | -$144M |
|
773
Sysco
SYY
$40.2B
| $36.3M | 0.02% |
441,158
+19,497
| +5% | +$1.56M |
|
774
Graphic Packaging
GPK
$3.39B
| $36.3M | 0.02% |
+1,854,797
| New | +$40.3M |
|
775
Owens Corning
OC
$11.6B
| $36.3M | 0.02% |
256,283
-43,366
| -14% | -$6.36M |
|
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.