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 | |
|---|---|---|---|---|---|---|
926
Arlo Technologies
ARLO
$1.41B
| $26.6M | 0.02% |
1,571,114
+888,524
| +130% | +$15.1M |
|
927
Inspire Medical Systems
INSP
$1.78B
| $26.6M | 0.02% |
358,857
+344,635
| +2,423% | +$34.9M |
|
928
Compass
COMP
$8.87B
| $26.5M | 0.02% |
3,300,736
-43,510
| -1% | -$352K |
|
929
Leggett & Platt
LEG
$1.28B
| $26.5M | 0.02% |
2,983,638
-96,885
| -3% | -$923K |
|
930
PUT
HubSpot
HUBS
$12.2B
| $26.5M | 0.01% |
56,600
+25,000
| +79% | +$12.6M |
|
931
CALL
United Parcel Service
UPS
$87.4B
| $26.5M | 0.01% |
316,800
+226,300
| +250% | +$20.5M |
|
932
CALL
Enphase Energy
ENPH
$4.91B
| $26.5M | 0.01% |
747,400
+713,400
| +2,098% | +$26.5M |
|
933
PUT
Visa
V
$714B
| $26.4M | 0.01% |
77,400
+52,100
| +206% | +$18M |
|
|
EMA
934
PUT
Emera Inc
EMA
$15.5B
| $26.4M | 0.01% |
550,000
+400,000
| +267% | +$18.7M |
|
935
Power Integrations
POWI
$2.97B
| $26.3M | 0.01% |
654,574
+254,832
| +64% | +$12.3M |
|
936
Ashland
ASH
$3.38B
| $26.3M | 0.01% |
548,410
-23,749
| -4% | -$1.25M |
|
937
PUT
Burlington
BURL
$20.8B
| $26.3M | 0.01% |
103,200
-34,800
| -25% | -$9.45M |
|
938
iShares National Muni Bond ETF
MUB
$45.6B
| $26.2M | 0.01% |
246,000
+50,900
| +26% | +$5.33M |
|
939
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $26.2M | 0.01% |
794,295
-495,201
| -38% | -$14.9M |
|
940
Angi Inc
ANGI
$200M
| $26.1M | 0.01% |
1,604,512
+425,032
| +36% | +$7.29M |
|
941
RLX Technology
RLX
$2.21B
| $26M | 0.01% |
9,901,155
+3,884,018
| +65% | +$9.24M |
|
942
PUT
Royal Caribbean
RCL
$78.4B
| $26M | 0.01% |
80,200
+18,300
| +30% | +$6.11M |
|
|
NVMI
943
Nova
NVMI
$11.5B
| $25.9M | 0.01% |
+80,872
| New | +$22.3M |
|
944
CALL
Medtronic
MDT
$119B
| $25.8M | 0.01% |
270,900
+156,800
| +137% | +$14.4M |
|
945
CALL
Roku
ROKU
$23.5B
| $25.8M | 0.01% |
257,500
+111,800
| +77% | +$10.3M |
|
946
CALL
Canadian Natural Resources
CNQ
$104B
| $25.6M | 0.01% |
800,000
-70,000
| -8% | -$2.19M |
|
947
ConocoPhillips
COP
$160B
| $25.5M | 0.01% |
269,554
-129,343
| -32% | -$12.2M |
|
948
LCI Industries
LCII
$2.54B
| $25.5M | 0.01% |
273,687
-1,858
| -0.7% | -$186K |
|
949
CALL
McKesson
MCK
$102B
| $25.5M | 0.01% |
33,000
+19,200
| +139% | +$13.5M |
|
950
PUT
Altria Group
MO
$114B
| $25.5M | 0.01% |
385,900
+216,300
| +128% | +$13.7M |
|
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.