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 | |
|---|---|---|---|---|---|---|
1101
Texas Capital Bancshares
TCBI
$4.26B
| $19.9M | 0.01% |
235,284
-90,192
| -28% | -$7.71M |
|
1102
BP
BP
$111B
| $19.9M | 0.01% |
576,954
+516,531
| +855% | +$17.3M |
|
1103
Bloomin' Brands
BLMN
$944M
| $19.8M | 0.01% |
2,760,099
+1,094,776
| +66% | +$8.8M |
|
1104
Appian
APPN
$2.8B
| $19.8M | 0.01% |
647,106
-262,641
| -29% | -$7.89M |
|
1105
Simpson Manufacturing
SSD
$7.62B
| $19.7M | 0.01% |
117,868
-63,151
| -35% | -$11.3M |
|
|
CCCX
1106
DELISTED
Churchill Capital Corp X
CCCX
| $19.7M | 0.01% |
+1,534,496
| New | +$16.2M |
|
1107
ICF International
ICFI
$1.59B
| $19.7M | 0.01% |
212,630
-58,078
| -21% | -$5.38M |
|
|
SA
1108
Seabridge Gold
SA
$3.69B
| $19.7M | 0.01% |
816,845
+384,899
| +89% | +$6.66M |
|
1109
Exponent
EXPO
$3.32B
| $19.7M | 0.01% |
283,825
+72,700
| +34% | +$5.2M |
|
1110
MetLife
MET
$60.3B
| $19.7M | 0.01% |
239,270
+35,205
| +17% | +$2.77M |
|
1111
ANI Pharmaceuticals
ANIP
$1.7B
| $19.5M | 0.01% |
213,006
+144,714
| +212% | +$11.8M |
|
1112
PUT
British American Tobacco
BTI
$121B
| $19.5M | 0.01% |
367,300
+233,000
| +173% | +$12.6M |
|
1113
Sylvamo
SLVM
$1.45B
| $19.5M | 0.01% |
440,529
+292,568
| +198% | +$13.6M |
|
1114
PUT
Sable Offshore Corp
SOC
$908M
| $19.5M | 0.01% |
+1,115,000
| New | +$28.6M |
|
1115
Viasat
VSAT
$10B
| $19.3M | 0.01% |
659,207
+621,500
| +1,648% | +$14.9M |
|
1116
CALL
XPeng
XPEV
$11B
| $19.2M | 0.01% |
821,600
-95,300
| -10% | -$1.91M |
|
1117
Teradyne
TER
$57.4B
| $19.2M | 0.01% |
139,197
-736,163
| -84% | -$80.4M |
|
1118
CALL
Manulife Financial
MFC
$70.9B
| $19.2M | 0.01% |
615,000
+265,000
| +76% | +$8.17M |
|
1119
PUT
Constellation Brands
STZ
$23B
| $19.1M | 0.01% |
141,900
+22,700
| +19% | +$3.61M |
|
1120
CALL
Fortinet
FTNT
$113B
| $19.1M | 0.01% |
227,100
+150,000
| +195% | +$13.4M |
|
1121
REX American Resources
REX
$1.38B
| $19M | 0.01% |
621,174
+912
| +0.1% | +$26K |
|
1122
Biohaven
BHVN
$2.2B
| $19M | 0.01% |
1,266,792
+748,013
| +144% | +$10.9M |
|
|
QXO.PRB
1123
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$483M
| $19M | 0.01% |
343,100
+193,100
| +129% | +$11.4M |
|
1124
Cedar Fair
FUN
$1.72B
| $19M | 0.01% |
+836,027
| New | +$22.2M |
|
1125
LivaNova
LIVN
$4.38B
| $19M | 0.01% |
362,611
-505,827
| -58% | -$25.5M |
|
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.