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 | |
|---|---|---|---|---|---|---|
1051
Pool Corp
POOL
$6.77B
| $21.6M | 0.01% |
+69,592
| New | +$21.8M |
|
1052
Diodes
DIOD
$4.28B
| $21.6M | 0.01% |
405,117
-297,780
| -42% | -$16M |
|
|
TIGR
1053
UP Fintech Holding
TIGR
$976M
| $21.5M | 0.01% |
2,018,327
+709,326
| +54% | +$7.61M |
|
1054
PUT
United Rentals
URI
$65.6B
| $21.5M | 0.01% |
22,500
-1,600
| -7% | -$1.43M |
|
1055
PureCycle Technologies
PCT
$1.34B
| $21.5M | 0.01% |
1,633,165
+46,902
| +3% | +$652K |
|
1056
Columbia Banking Systems
COLB
$8.64B
| $21.5M | 0.01% |
+834,286
| New | +$21.2M |
|
1057
RELX
RELX
$62.5B
| $21.4M | 0.01% |
+448,749
| New | +$22.2M |
|
1058
Erie Indemnity
ERIE
$13.5B
| $21.4M | 0.01% |
67,190
+21,529
| +47% | +$7.43M |
|
1059
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.8B
| $21.4M | 0.01% |
426,800
+154,600
| +57% | +$7.6M |
|
1060
Tenaris
TS
$27.6B
| $21.4M | 0.01% |
597,082
+375,071
| +169% | +$13.6M |
|
1061
Ventas
VTR
$48.1B
| $21.3M | 0.01% |
304,715
-126,423
| -29% | -$8.49M |
|
1062
Otter Tail
OTTR
$3.83B
| $21.3M | 0.01% |
260,012
+95,286
| +58% | +$7.73M |
|
1063
PUT
APA Corp
APA
$14.5B
| $21.3M | 0.01% |
877,500
-29,500
| -3% | -$623K |
|
1064
Toro Company
TTC
$9.48B
| $21.3M | 0.01% |
279,510
+60,245
| +27% | +$4.62M |
|
1065
Natera
NTRA
$48.5B
| $21.3M | 0.01% |
132,157
-41,643
| -24% | -$6.59M |
|
1066
CALL
Agnico Eagle Mines
AEM
$113B
| $21.3M | 0.01% |
126,200
-100
| -0.1% | -$13.7K |
|
1067
Chefs' Warehouse
CHEF
$4.56B
| $21.2M | 0.01% |
363,704
+110,603
| +44% | +$7.05M |
|
1068
Affirm
AFRM
$26.1B
| $21.2M | 0.01% |
289,768
-750,114
| -72% | -$57.1M |
|
1069
Zebra Technologies
ZBRA
$17.1B
| $21.1M | 0.01% |
71,142
-96,382
| -58% | -$30.8M |
|
1070
Innospec
IOSP
$2.32B
| $21.1M | 0.01% |
273,905
+102,167
| +59% | +$8.53M |
|
1071
Gildan
GIL
$10.1B
| $21.1M | 0.01% |
365,770
-748,530
| -67% | -$40.1M |
|
1072
PUT
Union Pacific
UNP
$184B
| $21.1M | 0.01% |
+89,300
| New | +$20.1M |
|
1073
PUT
Live Nation Entertainment
LYV
$43.5B
| $21.1M | 0.01% |
129,100
-33,400
| -21% | -$5.28M |
|
1074
Keros Therapeutics
KROS
$232M
| $21.1M | 0.01% |
1,331,425
+34,042
| +3% | +$503K |
|
1075
CALL
Nutrien
NTR
$34.8B
| $21.1M | 0.01% |
358,700
-37,100
| -9% | -$2.16M |
|
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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.