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 |
Netflix
NFLX
|
+$751M |
| 2 |
Advanced Micro Devices
AMD
|
+$751M |
| 3 |
Micron Technology
MU
|
+$426M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$363M |
| 5 |
ExxonMobil
XOM
|
+$356M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$546M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$485M |
| 3 |
VMW
VMware, Inc
VMW
|
+$393M |
| 4 |
Microsoft
MSFT
|
+$336M |
| 5 |
UnitedHealth
UNH
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.03% |
| 2 | Consumer Discretionary | 9.51% |
| 3 | Healthcare | 5.77% |
| 4 | Financials | 5.47% |
| 5 | Communication Services | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Live Oak Bancshares
LOB
$1.87B
| $15.4M | 0.01% |
339,122
+21,448
| +7% | +$720K |
|
1002
Upwork
UPWK
$1.07B
| $15.4M | 0.01% |
1,036,347
+111,710
| +12% | +$1.44M |
|
1003
Builders FirstSource
BLDR
$7.56B
| $15.4M | 0.01% |
92,274
-24,930
| -21% | -$3.31M |
|
1004
NIO
NIO
$10.9B
| $15.4M | 0.01% |
1,694,414
+174,894
| +12% | +$1.39M |
|
1005
WIX.com
WIX
$3.53B
| $15.4M | 0.01% |
124,820
-52,676
| -30% | -$5.08M |
|
1006
Enerpac Tool Group
EPAC
$1.9B
| $15.3M | 0.01% |
493,213
+62,309
| +14% | +$1.78M |
|
1007
CALL
Elevance Health
ELV
$87.3B
| $15.3M | 0.01% |
+32,500
| New | +$15M |
|
1008
CALL
Estee Lauder
EL
$37.7B
| $15.2M | 0.01% |
104,200
+52,700
| +102% | +$6.99M |
|
1009
Lincoln National
LNC
$8.11B
| $15.2M | 0.01% |
564,352
-619,986
| -52% | -$14.9M |
|
1010
CALL
FedEx
FDX
$79.1B
| $15.2M | 0.01% |
60,000
| – | – |
|
1011
Encore Capital Group
ECPG
$2.19B
| $15.2M | 0.01% |
298,573
-19,759
| -6% | -$896K |
|
1012
PUT
Pultegroup
PHM
$24.7B
| $15.1M | 0.01% |
146,500
-2,900
| -2% | -$246K |
|
1013
CALL
PNC Financial Services
PNC
$97.2B
| $15.1M | 0.01% |
97,600
-15,000
| -13% | -$1.94M |
|
|
CBAY
1014
DELISTED
Cymabay Therapeutics
CBAY
| $15M | 0.01% |
636,897
-161,112
| -20% | -$2.87M |
|
1015
PUT
Unity
U
$20.3B
| $15M | 0.01% |
367,600
-323,200
| -47% | -$9.96M |
|
|
VMEO
1016
DELISTED
Vimeo
VMEO
| $15M | 0.01% |
3,832,001
-518,060
| -12% | -$1.85M |
|
|
ZIMV
1017
DELISTED
ZimVie
ZIMV
| $15M | 0.01% |
845,551
+68,906
| +9% | +$694K |
|
1018
QuantumScape Corp
QS
$3.52B
| $15M | 0.01% |
2,159,188
+1,906,772
| +755% | +$12M |
|
1019
CALL
Wingstop
WING
$3.18B
| $15M | 0.01% |
58,400
-34,600
| -37% | -$7.47M |
|
1020
RPM International
RPM
$13.6B
| $15M | 0.01% |
134,219
-13,479
| -9% | -$1.36M |
|
|
DOCU
1021
CALL
DocuSign
DOCU
$11.9B
| $15M | 0.01% |
252,000
+1,300
| +0.5% | +$59.6K |
|
1022
ArcelorMittal
MT
$54.8B
| $15M | 0.01% |
527,461
-342,496
| -39% | -$8.38M |
|
|
1023
CALL
NIO
NIO
$10.9B
| $15M | 0.01% |
1,648,700
+546,400
| +50% | +$4.34M |
|
1024
Travere Therapeutics
TVTX
$6.15B
| $14.9M | 0.01% |
1,658,147
+674,602
| +69% | +$4.91M |
|
1025
SolarEdge
SEDG
$1.85B
| $14.9M | 0.01% |
159,162
-44,518
| -22% | -$4.05M |
|
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David Shaw's Q4 2023 Portfolio in Review
As of Q4 2023, David Shaw held 4,806 positions worth $114B, up 19% from $95.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2023 filing shows 575 new, 1,549 increased, 1,464 reduced and 527 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M. The largest sale was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $546M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M.
- David Shaw added most to Netflix in Q4 2023, an estimated $751M increase.
- David Shaw's biggest Q4 2023 reduction was Microsoft, cutting an estimated $336M.
- David Shaw fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $546M.
- David Shaw's ten largest holdings make up 12% of its $114B portfolio in Q4 2023.
- David Shaw opened 575 new positions and closed 527 in Q4 2023.
- David Shaw's portfolio value rose 19% quarter-over-quarter to $114B.
Based on D.E. Shaw & Co's 13F filing for Q4 2023, filed 14 Feb 2024.