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 | |
|---|---|---|---|---|---|---|
1076
PUT
Abercrombie & Fitch
ANF
$4.9B
| $21M | 0.01% |
246,000
-69,500
| -22% | -$6.48M |
|
1077
AvePoint
AVPT
$2.78B
| $21M | 0.01% |
1,400,756
+869,861
| +164% | +$14.6M |
|
1078
CALL
Valero Energy
VLO
$98.6B
| $20.9M | 0.01% |
123,000
+106,500
| +645% | +$15.9M |
|
1079
Innovative Industrial Properties
IIPR
$1.57B
| $20.8M | 0.01% |
388,129
+82,997
| +27% | +$4.51M |
|
1080
Progyny
PGNY
$1.96B
| $20.8M | 0.01% |
964,928
-717,922
| -43% | -$16.3M |
|
1081
CALL
Elevance Health
ELV
$86.5B
| $20.7M | 0.01% |
64,200
+55,100
| +605% | +$17.1M |
|
1082
PUT
Roku
ROKU
$23.5B
| $20.6M | 0.01% |
206,100
-156,800
| -43% | -$14.5M |
|
1083
Delta Air Lines
DAL
$54.1B
| $20.6M | 0.01% |
363,281
-50,431
| -12% | -$2.88M |
|
1084
Okta
OKTA
$22.7B
| $20.6M | 0.01% |
224,702
-32,059
| -12% | -$2.99M |
|
1085
CALL
Toast
TOST
$21.3B
| $20.6M | 0.01% |
564,100
+268,400
| +91% | +$11.7M |
|
1086
IQVIA
IQV
$42.8B
| $20.6M | 0.01% |
108,201
-328,478
| -75% | -$59.7M |
|
1087
Fox Class A
FOXA
$29.1B
| $20.5M | 0.01% |
325,152
-20,484
| -6% | -$1.19M |
|
1088
PUT
AES
AES
$10.5B
| $20.5M | 0.01% |
1,556,200
-537,300
| -26% | -$6.98M |
|
1089
RLI Corp
RLI
$5.91B
| $20.5M | 0.01% |
313,915
+172,120
| +121% | +$11.6M |
|
1090
Array Technologies
ARRY
$707M
| $20.5M | 0.01% |
2,510,560
+1,141,112
| +83% | +$8.64M |
|
1091
Gibraltar Industries
ROCK
$1.37B
| $20.4M | 0.01% |
325,487
-33,007
| -9% | -$2.07M |
|
1092
Newell Brands
NWL
$2.53B
| $20.3M | 0.01% |
3,874,938
+2,838,071
| +274% | +$16.1M |
|
1093
PUT
ConocoPhillips
COP
$158B
| $20.2M | 0.01% |
214,000
-313,100
| -59% | -$29.6M |
|
1094
Turning Point Brands
TPB
$1.69B
| $20.2M | 0.01% |
204,036
-25,846
| -11% | -$2.34M |
|
|
PRO
1095
DELISTED
PROS Holdings
PRO
| $20.2M | 0.01% |
879,944
+127,703
| +17% | +$2.08M |
|
1096
CALL
Rubrik
RBRK
$20B
| $20.1M | 0.01% |
244,800
+190,600
| +352% | +$16.4M |
|
|
FITB
1097
Fifth Third Bancorp
FITB
$49.7B
| $20.1M | 0.01% |
450,627
-698,124
| -61% | -$30.6M |
|
1098
Fortis
FTS
$28.2B
| $20.1M | 0.01% |
395,445
+248,496
| +169% | +$12.2M |
|
1099
CALL
Pembina Pipeline
PBA
$28.3B
| $20M | 0.01% |
495,700
+165,700
| +50% | +$6.25M |
|
|
AXON
1100
CALL
Axon Enterprise
AXON
$49.4B
| $20M | 0.01% |
27,900
-100
| -0.4% | -$75.9K |
|
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.