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 | |
|---|---|---|---|---|---|---|
1026
PUT
Sunrun
RUN
$2.18B
| $22.6M | 0.01% |
1,309,900
+108,500
| +9% | +$1.45M |
|
|
ARR
1027
Armour Residential REIT
ARR
$2.32B
| $22.6M | 0.01% |
+1,510,196
| New | +$23.7M |
|
1028
Ichor Holdings
ICHR
$2.19B
| $22.5M | 0.01% |
1,285,152
+659,266
| +105% | +$12.5M |
|
1029
Allison Transmission
ALSN
$10.9B
| $22.5M | 0.01% |
264,569
+208,299
| +370% | +$18.5M |
|
1030
Ovintiv
OVV
$17.9B
| $22.4M | 0.01% |
554,295
+150,190
| +37% | +$6.13M |
|
1031
PUT
Cleveland-Cliffs
CLF
$6.48B
| $22.4M | 0.01% |
1,832,400
+363,800
| +25% | +$3.83M |
|
1032
Melco Resorts & Entertainment
MLCO
$2.09B
| $22.3M | 0.01% |
2,436,823
+1,382,703
| +131% | +$12.6M |
|
1033
Clear Secure
YOU
$4.61B
| $22.3M | 0.01% |
666,845
+554,744
| +495% | +$18.4M |
|
|
WCN
1034
Waste Connections
WCN
$42.3B
| $22.2M | 0.01% |
126,426
+38,659
| +44% | +$7.04M |
|
1035
PUT
Cameco
CCJ
$45.5B
| $22.2M | 0.01% |
264,900
+247,400
| +1,414% | +$19.2M |
|
|
UCTT
1036
Ultra Clean Holdings
UCTT
$3.38B
| $22.2M | 0.01% |
815,027
-49,231
| -6% | -$1.21M |
|
1037
Descartes Systems
DSGX
$6.67B
| $22.2M | 0.01% |
235,364
+227,464
| +2,879% | +$23.3M |
|
1038
CALL
TJX Companies
TJX
$157B
| $22.2M | 0.01% |
153,400
-38,600
| -20% | -$5.13M |
|
|
GRMN
1039
Garmin
GRMN
$56.3B
| $22.2M | 0.01% |
90,022
+28,399
| +46% | +$6.55M |
|
1040
American International
AIG
$40.5B
| $22.1M | 0.01% |
281,013
+239,911
| +584% | +$19.2M |
|
1041
PUT
Dollar Tree
DLTR
$26.1B
| $22M | 0.01% |
233,600
-134,700
| -37% | -$14.4M |
|
1042
Cogent Biosciences
COGT
$6.36B
| $22M | 0.01% |
1,530,925
+1,257,390
| +460% | +$14.9M |
|
1043
CALL
JD.com
JD
$39.2B
| $22M | 0.01% |
628,100
-325,200
| -34% | -$10.6M |
|
1044
Euronet Worldwide
EEFT
$2.61B
| $21.9M | 0.01% |
249,437
+138,047
| +124% | +$13.2M |
|
1045
Analog Devices
ADI
$182B
| $21.9M | 0.01% |
88,995
-21,729
| -20% | -$5.22M |
|
1046
PPG Industries
PPG
$25.3B
| $21.8M | 0.01% |
207,206
+109,505
| +112% | +$12.2M |
|
1047
Archrock
AROC
$5.43B
| $21.8M | 0.01% |
827,224
+596,203
| +258% | +$14.4M |
|
|
SCHW
1048
CALL
Charles Schwab
SCHW
$194B
| $21.7M | 0.01% |
227,800
-94,400
| -29% | -$8.96M |
|
1049
CALL
Atlassian
TEAM
$43.2B
| $21.7M | 0.01% |
136,000
-15,100
| -10% | -$2.73M |
|
1050
Minerals Technologies
MTX
$2.25B
| $21.6M | 0.01% |
348,267
+54,929
| +19% | +$3.35M |
|
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.