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 | |
|---|---|---|---|---|---|---|
1451
PUT
Eos Energy Enterprises
EOSE
$1.29B
| $11.9M | 0.01% |
+1,043,600
| New | +$7.14M |
|
|
LPBB
1452
Launch Two Acquisition Corp
LPBB
$311M
| $11.9M | 0.01% |
1,138,500
| – | – |
|
1453
Community Health Systems
CYH
$419M
| $11.8M | 0.01% |
3,688,975
+1,226,721
| +50% | +$3.68M |
|
|
CGAU
1454
Centerra Gold
CGAU
$4.73B
| $11.8M | 0.01% |
1,105,179
+330,300
| +43% | +$2.63M |
|
1455
Par Pacific Holdings
PARR
$3.7B
| $11.8M | 0.01% |
333,874
-248,237
| -43% | -$8.08M |
|
|
JACS
1456
Jackson Acquisition Co II
JACS
$318M
| $11.8M | 0.01% |
1,138,500
+250,500
| +28% | +$2.59M |
|
1457
Globus Medical
GMED
$11.1B
| $11.8M | 0.01% |
+206,173
| New | +$11.9M |
|
1458
Ezcorp Inc
EZPW
$2.16B
| $11.8M | 0.01% |
619,937
-334,504
| -35% | -$5.24M |
|
1459
U-Haul Holding Co Series N
UHAL.B
$11.9B
| $11.8M | 0.01% |
231,247
+119,872
| +108% | +$6.38M |
|
|
JBTM
1460
JBT Marel
JBTM
$6.12B
| $11.8M | 0.01% |
+83,768
| New | +$11.4M |
|
1461
Pan American Silver
PAAS
$22.5B
| $11.8M | 0.01% |
303,773
+34,779
| +13% | +$1.12M |
|
1462
CALL
StoneCo
STNE
$2.26B
| $11.7M | 0.01% |
619,700
+206,700
| +50% | +$3.29M |
|
1463
PUT
NIO
NIO
$11.2B
| $11.7M | 0.01% |
1,536,700
+1,226,700
| +396% | +$6.61M |
|
1464
Dell
DELL
$292B
| $11.7M | 0.01% |
+82,316
| New | +$10.7M |
|
1465
FedEx
FDX
$79B
| $11.7M | 0.01% |
49,460
-10,427
| -17% | -$2.4M |
|
|
VCIC
1466
DELISTED
Vine Hill Capital Investment Corp
VCIC
| $11.7M | 0.01% |
1,088,772
| – | – |
|
1467
Colliers International
CIGI
$5.39B
| $11.6M | 0.01% |
74,463
+44,075
| +145% | +$6.78M |
|
|
ATII
1468
Archimedes Tech SPAC Partners II Co
ATII
$315M
| $11.6M | 0.01% |
1,138,500
| – | – |
|
1469
PUT
Lincoln National
LNC
$8.16B
| $11.6M | 0.01% |
287,100
+200,000
| +230% | +$7.73M |
|
1470
Cohen & Steers
CNS
$4.27B
| $11.6M | 0.01% |
176,347
+84,950
| +93% | +$6.22M |
|
1471
Consensus Cloud Solutions
CCSI
$714M
| $11.6M | 0.01% |
393,721
-15,258
| -4% | -$378K |
|
1472
Wingstop
WING
$3.1B
| $11.5M | 0.01% |
45,857
+28,110
| +158% | +$8.73M |
|
1473
Liberty Energy
LBRT
$3B
| $11.5M | 0.01% |
932,597
+453,615
| +95% | +$5.25M |
|
1474
PUT
Cigna
CI
$73.8B
| $11.5M | 0.01% |
+39,900
| New | +$11.8M |
|
1475
CALL
Lam Research
LRCX
$394B
| $11.5M | 0.01% |
+85,600
| New | +$9.06M |
|
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.