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 | |
|---|---|---|---|---|---|---|
1251
CBRE Group
CBRE
$43.9B
| $15.9M | 0.01% |
100,736
+42,420
| +73% | +$6.56M |
|
1252
Alkermes
ALKS
$8.26B
| $15.9M | 0.01% |
528,749
-291,347
| -36% | -$8.21M |
|
1253
QuidelOrtho
QDEL
$1.03B
| $15.9M | 0.01% |
538,413
-1,468,178
| -73% | -$40.1M |
|
1254
Travere Therapeutics
TVTX
$6.32B
| $15.9M | 0.01% |
663,252
-467,498
| -41% | -$8.79M |
|
1255
Post Holdings
POST
$3.67B
| $15.8M | 0.01% |
146,669
+81,164
| +124% | +$8.71M |
|
1256
PUT
CleanSpark
CLSK
$3.27B
| $15.7M | 0.01% |
+1,080,900
| New | +$12.2M |
|
1257
Amneal Pharmaceuticals
AMRX
$6.24B
| $15.7M | 0.01% |
1,565,211
+641,567
| +69% | +$5.76M |
|
1258
HEICO Corp
HEI
$49.1B
| $15.7M | 0.01% |
48,532
+17,591
| +57% | +$5.6M |
|
1259
CALL
Five Below
FIVE
$14.3B
| $15.6M | 0.01% |
100,900
| – | – |
|
1260
HP
HPQ
$27B
| $15.6M | 0.01% |
573,075
+64,642
| +13% | +$1.72M |
|
1261
Dow Inc
DOW
$21.8B
| $15.6M | 0.01% |
680,333
+538,078
| +378% | +$13.4M |
|
1262
CALL
Halliburton
HAL
$28.2B
| $15.6M | 0.01% |
633,500
-290,500
| -31% | -$6.43M |
|
1263
Americold
COLD
$4.42B
| $15.6M | 0.01% |
+1,271,512
| New | +$18.9M |
|
|
ORLA
1264
DELISTED
Orla Mining
ORLA
| $15.6M | 0.01% |
1,442,550
+1,026,371
| +247% | +$11M |
|
1265
PUT
AT&T
T
$177B
| $15.5M | 0.01% |
550,600
+514,700
| +1,434% | +$14.6M |
|
1266
JFrog
FROG
$11B
| $15.5M | 0.01% |
328,056
+181,982
| +125% | +$8.22M |
|
1267
Trinity Industries
TRN
$2.36B
| $15.5M | 0.01% |
552,868
+414,707
| +300% | +$11.4M |
|
1268
Trupanion
TRUP
$1.4B
| $15.5M | 0.01% |
357,959
-34,500
| -9% | -$1.64M |
|
1269
PUT
Bank of America
BAC
$437B
| $15.5M | 0.01% |
300,000
-135,900
| -31% | -$6.63M |
|
1270
PUT
Cenovus Energy
CVE
$56.7B
| $15.4M | 0.01% |
907,300
+302,500
| +50% | +$4.72M |
|
1271
LyondellBasell Industries
LYB
$20.2B
| $15.4M | 0.01% |
+313,639
| New | +$17.7M |
|
1272
Eldorado Gold
EGO
$12.6B
| $15.3M | 0.01% |
530,616
-869,507
| -62% | -$20.5M |
|
1273
CALL
Oscar Health
OSCR
$9.55B
| $15.3M | 0.01% |
+809,300
| New | +$13.3M |
|
1274
PUT
CarMax
KMX
$9.11B
| $15.3M | 0.01% |
341,300
+322,100
| +1,678% | +$19.2M |
|
1275
Hexcel
HXL
$7.08B
| $15.3M | 0.01% |
244,236
-419,862
| -63% | -$25.8M |
|
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.