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 | |
|---|---|---|---|---|---|---|
101
PUT
Marvell Technology
MRVL
$213B
| $354M | 0.2% |
4,211,600
+1,623,700
| +63% | +$120M |
|
|
102
Applovin
APP
$102B
| $353M | 0.2% |
491,222
-1,374,530
| -74% | -$634M |
|
103
Home Depot
HD
$335B
| $350M | 0.2% |
864,434
+362,197
| +72% | +$142M |
|
104
Progressive
PGR
$127B
| $341M | 0.19% |
1,382,677
+632,443
| +84% | +$156M |
|
105
PUT
Toronto Dominion Bank
TD
$194B
| $340M | 0.19% |
4,248,500
+1,000,000
| +31% | +$75.1M |
|
106
D-Wave Quantum Inc
QBTS
$7.59B
| $337M | 0.19% |
13,648,352
+947,141
| +7% | +$17.3M |
|
107
Targa Resources
TRGP
$64.1B
| $336M | 0.19% |
2,008,172
+523,998
| +35% | +$87.3M |
|
108
IonQ
IONQ
$18.2B
| $335M | 0.19% |
5,448,403
+1,408,789
| +35% | +$66.2M |
|
109
Otis Worldwide
OTIS
$27.2B
| $334M | 0.19% |
3,658,298
+1,636,418
| +81% | +$149M |
|
110
CALL
Netflix
NFLX
$331B
| $328M | 0.19% |
2,736,000
-903,000
| -25% | -$110M |
|
111
Boeing
BA
$169B
| $326M | 0.18% |
1,510,739
+747,862
| +98% | +$169M |
|
112
Sea Limited
SE
$72B
| $325M | 0.18% |
1,817,407
+452,186
| +33% | +$77.5M |
|
113
CALL
Super Micro Computer
SMCI
$24.1B
| $322M | 0.18% |
6,716,900
+381,600
| +6% | +$18.2M |
|
114
Five Below
FIVE
$13.8B
| $321M | 0.18% |
2,076,318
-807,980
| -28% | -$114M |
|
115
Lockheed Martin
LMT
$130B
| $320M | 0.18% |
641,210
+562,161
| +711% | +$255M |
|
116
Welltower
WELL
$172B
| $319M | 0.18% |
1,788,691
+720,105
| +67% | +$118M |
|
|
117
CALL
Apple
AAPL
$4.51T
| $313M | 0.18% |
1,227,900
-1,003,100
| -45% | -$227M |
|
118
CRH
CRH
$63.2B
| $312M | 0.18% |
2,601,160
+918,539
| +55% | +$97M |
|
119
Medpace
MEDP
$17.3B
| $309M | 0.17% |
600,140
+256,577
| +75% | +$112M |
|
120
Linde
LIN
$225B
| $306M | 0.17% |
643,374
-73,462
| -10% | -$34.8M |
|
121
American Airlines Group
AAL
$9.15B
| $304M | 0.17% |
27,080,978
+24,529,806
| +962% | +$302M |
|
122
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $301M | 0.17% |
598,200
+114,700
| +24% | +$55.6M |
|
123
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $299M | 0.17% |
1,231,100
-636,700
| -34% | -$133M |
|
124
CALL
Costco
COST
$420B
| $297M | 0.17% |
320,400
+110,700
| +53% | +$106M |
|
125
CALL
Pinduoduo
PDD
$126B
| $294M | 0.17% |
2,227,600
-665,100
| -23% | -$78.7M |
|
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.