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 | |
|---|---|---|---|---|---|---|
1351
Wabtec
WAB
$50.2B
| $13.6M | 0.01% |
67,618
+11,468
| +20% | +$2.26M |
|
1352
Primerica
PRI
$9.16B
| $13.5M | 0.01% |
48,726
-22,293
| -31% | -$5.99M |
|
|
EXE
1353
Expand Energy Corp
EXE
$21.9B
| $13.5M | 0.01% |
127,009
-880,641
| -87% | -$88.4M |
|
1354
PUT
BP
BP
$110B
| $13.5M | 0.01% |
391,300
-487,800
| -55% | -$16.3M |
|
|
SCS
1355
DELISTED
Steelcase
SCS
| $13.5M | 0.01% |
782,889
+751,099
| +2,363% | +$10.8M |
|
1356
Thomson Reuters
TRI
$45.2B
| $13.5M | 0.01% |
85,401
-205,970
| -71% | -$38.4M |
|
1357
Fastenal
FAST
$57.7B
| $13.4M | 0.01% |
273,907
+217,589
| +386% | +$10.3M |
|
1358
Innoviva
INVA
$1.53B
| $13.4M | 0.01% |
735,733
-285,877
| -28% | -$5.57M |
|
1359
CALL
General Mills
GIS
$21.3B
| $13.4M | 0.01% |
+266,300
| New | +$13.4M |
|
1360
Zions Bancorporation
ZION
$9.86B
| $13.4M | 0.01% |
236,781
-77,688
| -25% | -$4.32M |
|
1361
QuinStreet
QNST
$1.15B
| $13.4M | 0.01% |
865,882
+341,655
| +65% | +$5.42M |
|
1362
CALL
Cheniere Energy
LNG
$57.6B
| $13.3M | 0.01% |
56,800
+11,800
| +26% | +$2.77M |
|
1363
Mativ Holdings
MATV
$682M
| $13.3M | 0.01% |
1,179,519
-119,809
| -9% | -$1.19M |
|
1364
Kinsale Capital Group
KNSL
$8.84B
| $13.3M | 0.01% |
31,362
-18,600
| -37% | -$8.43M |
|
1365
Fulcrum Therapeutics
FULC
$295M
| $13.3M | 0.01% |
1,449,423
+272,712
| +23% | +$1.97M |
|
1366
Ziff Davis
ZD
$1.9B
| $13.3M | 0.01% |
349,839
+190,682
| +120% | +$6.68M |
|
1367
IDT Corp
IDT
$1.73B
| $13.3M | 0.01% |
254,071
-120,055
| -32% | -$7.48M |
|
1368
CALL
Archer Aviation
ACHR
$4.59B
| $13.2M | 0.01% |
1,380,000
-600,800
| -30% | -$5.95M |
|
1369
CALL
Marvell Technology
MRVL
$216B
| $13.2M | 0.01% |
157,100
+142,100
| +947% | +$10.5M |
|
1370
Harley-Davidson
HOG
$2.86B
| $13.2M | 0.01% |
472,152
+226,908
| +93% | +$6.09M |
|
1371
CALL
Shell
SHEL
$254B
| $13.2M | 0.01% |
184,100
+15,000
| +9% | +$1.08M |
|
1372
PUT
Toast
TOST
$21.3B
| $13.2M | 0.01% |
360,500
+31,600
| +10% | +$1.37M |
|
1373
Sabra Healthcare REIT
SBRA
$5.32B
| $13.1M | 0.01% |
705,093
-91,957
| -12% | -$1.72M |
|
|
AEXA
1374
American Exceptionalism Acquisition Corp
AEXA
$568M
| $13.1M | 0.01% |
+1,200,000
| New | +$12.9M |
|
1375
Interactive Brokers
IBKR
$44.5B
| $13.1M | 0.01% |
190,528
+140,892
| +284% | +$8.86M |
|
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.