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 |
Advanced Micro Devices
AMD
|
+$1.52B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.43B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$798M |
| 4 |
Amazon
AMZN
|
+$646M |
| 5 |
Texas Instruments
TXN
|
+$619M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.31B |
| 2 |
Broadcom
AVGO
|
+$1.01B |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$863M |
| 4 |
Western Digital
WDC
|
+$595M |
| 5 |
Meta Platforms (Facebook)
META
|
+$591M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.6% |
| 2 | Consumer Discretionary | 9.12% |
| 3 | Healthcare | 7.62% |
| 4 | Industrials | 7.14% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
GoDaddy
GDDY
$12.3B
| $270M | 0.15% |
2,178,482
+324,595
| +18% | +$42M |
|
127
Wells Fargo
WFC
$254B
| $270M | 0.15% |
2,897,118
-1,870,567
| -39% | -$162M |
|
128
C.H. Robinson
CHRW
$16.5B
| $269M | 0.15% |
1,676,314
-489,704
| -23% | -$72.3M |
|
129
Rivian
RIVN
$24.6B
| $269M | 0.15% |
13,654,764
+9,282,134
| +212% | +$147M |
|
130
CALL
Microsoft
MSFT
$3.59T
| $269M | 0.15% |
556,100
+16,700
| +3% | +$8.37M |
|
131
Walmart Inc
WMT
$825B
| $269M | 0.15% |
2,410,090
-2,947,379
| -55% | -$316M |
|
132
Otis Worldwide
OTIS
$27.2B
| $267M | 0.15% |
3,055,498
-602,800
| -16% | -$53.9M |
|
133
PUT
Adobe
ADBE
$109B
| $265M | 0.15% |
756,100
+144,500
| +24% | +$49.1M |
|
134
PUT
Salesforce
CRM
$171B
| $262M | 0.14% |
988,200
-55,700
| -5% | -$13.8M |
|
135
DexCom
DXCM
$34.8B
| $261M | 0.14% |
3,938,568
+1,735,081
| +79% | +$112M |
|
136
ServiceNow
NOW
$133B
| $258M | 0.14% |
1,684,593
+1,490,983
| +770% | +$256M |
|
137
W.W. Grainger
GWW
$61.8B
| $257M | 0.14% |
254,643
+134,877
| +113% | +$131M |
|
138
NRG Energy
NRG
$23.8B
| $257M | 0.14% |
1,613,298
+320,820
| +25% | +$53.1M |
|
139
PUT
Cloudflare
NET
$104B
| $256M | 0.14% |
1,297,000
+105,600
| +9% | +$22.3M |
|
140
CALL
Goldman Sachs
GS
$303B
| $252M | 0.14% |
286,200
-68,900
| -19% | -$56.2M |
|
141
CALL
Pinduoduo
PDD
$126B
| $250M | 0.14% |
2,207,000
-20,600
| -0.9% | -$2.56M |
|
142
Williams-Sonoma
WSM
$28B
| $250M | 0.14% |
1,401,257
-468,429
| -25% | -$87.8M |
|
|
143
CALL
Micron Technology
MU
$1.09T
| $250M | 0.14% |
876,500
-601,600
| -41% | -$138M |
|
144
PUT
Scotiabank
BNS
$107B
| $250M | 0.14% |
3,389,000
+1,132,800
| +50% | +$77M |
|
145
PUT
Carvana
CVNA
$76.9B
| $250M | 0.14% |
2,960,000
+227,500
| +8% | +$16.9M |
|
146
CALL
Lumentum
LITE
$77.7B
| $248M | 0.14% |
673,800
+28,800
| +4% | +$7.4M |
|
147
American Airlines Group
AAL
$9.15B
| $247M | 0.14% |
16,143,624
-10,937,354
| -40% | -$148M |
|
148
PUT
lululemon athletica
LULU
$13.7B
| $247M | 0.14% |
1,189,300
+13,200
| +1% | +$2.39M |
|
149
NIO
NIO
$11.6B
| $246M | 0.13% |
48,172,443
+34,328,340
| +248% | +$212M |
|
150
American Tower
AMT
$81.9B
| $242M | 0.13% |
1,377,481
+1,227,413
| +818% | +$223M |
|
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David Shaw's Q4 2025 Portfolio in Review
As of Q4 2025, David Shaw held 5,141 positions worth $182B, up 3% from $177B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2025 filing shows 639 new, 1,734 increased, 1,574 reduced and 583 closed positions. Its largest new stake was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M. The largest sale was Micron Technology, an estimated $1.31B.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2025 buy was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M.
- David Shaw added most to Advanced Micro Devices in Q4 2025, an estimated $1.52B increase.
- David Shaw's biggest Q4 2025 reduction was Micron Technology, cutting an estimated $1.31B.
- David Shaw fully exited Vanguard Short-Term Corporate Bond ETF in Q4 2025, selling an estimated $499M.
- David Shaw's ten largest holdings make up 12% of its $182B portfolio in Q4 2025.
- David Shaw opened 639 new positions and closed 583 in Q4 2025.
- David Shaw's portfolio value rose 3% quarter-over-quarter to $182B.
Based on D.E. Shaw & Co's 13F filing for Q4 2025, filed 17 Feb 2026.