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 | |
|---|---|---|---|---|---|---|
1476
nLIGHT
LASR
$2.5B
| $11.4M | 0.01% |
385,799
-219,003
| -36% | -$5.43M |
|
1477
Xponential Fitness
XPOF
$229M
| $11.4M | 0.01% |
1,465,013
| – | – |
|
1478
Hertz
HTZ
$777M
| $11.4M | 0.01% |
1,678,031
-2,394,402
| -59% | -$15.4M |
|
|
VACH
1479
DELISTED
Voyager Acquisition Corp
VACH
| $11.4M | 0.01% |
1,089,000
| – | – |
|
1480
Kratos Defense & Security Solutions
KTOS
$10B
| $11.4M | 0.01% |
124,244
+100,331
| +420% | +$6.43M |
|
1481
Trane Technologies
TT
$102B
| $11.3M | 0.01% |
26,868
-34,498
| -56% | -$14.7M |
|
1482
AptarGroup
ATR
$8.63B
| $11.3M | 0.01% |
84,776
+73,185
| +631% | +$10.6M |
|
1483
PUT
Madrigal Pharmaceuticals
MDGL
$12B
| $11.3M | 0.01% |
24,700
+16,100
| +187% | +$6.01M |
|
1484
CALL
NXP Semiconductors
NXPI
$56.4B
| $11.3M | 0.01% |
+49,700
| New | +$11.2M |
|
1485
RPM International
RPM
$13.8B
| $11.3M | 0.01% |
95,717
+37,306
| +64% | +$4.48M |
|
|
HI
1486
DELISTED
Hillenbrand
HI
| $11.3M | 0.01% |
416,729
+107,857
| +35% | +$2.53M |
|
1487
Cathay General Bancorp
CATY
$4.15B
| $11.3M | 0.01% |
234,399
+192,653
| +461% | +$9.26M |
|
|
MLAC
1488
DELISTED
Mountain Lake Acquisition Corp
MLAC
| $11.3M | 0.01% |
1,092,500
| – | – |
|
1489
PUT
Regeneron Pharmaceuticals
REGN
$85.1B
| $11.2M | 0.01% |
20,000
+1,800
| +10% | +$1.02M |
|
1490
AMC Global Media
AMCX
$522M
| $11.2M | 0.01% |
1,362,414
+141,752
| +12% | +$983K |
|
1491
Global E Online
GLBE
$6.57B
| $11.2M | 0.01% |
313,604
-144,763
| -32% | -$4.94M |
|
|
RAC
1492
Rithm Acquisition Corp
RAC
$310M
| $11.2M | 0.01% |
1,090,000
| – | – |
|
1493
Verizon
VZ
$211B
| $11.2M | 0.01% |
254,177
-242,794
| -49% | -$10.5M |
|
|
EMA
1494
Emera Inc
EMA
$15.6B
| $11.2M | 0.01% |
232,788
+105,711
| +83% | +$4.95M |
|
1495
Sun Life Financial
SLF
$44.2B
| $11.2M | 0.01% |
185,840
+153,126
| +468% | +$9.21M |
|
|
THS
1496
DELISTED
Treehouse Foods
THS
| $11.1M | 0.01% |
551,478
+106,466
| +24% | +$2.02M |
|
1497
Capri Holdings
CPRI
$1.54B
| $11.1M | 0.01% |
559,453
-315,605
| -36% | -$6.33M |
|
|
ACH
1498
Accendra Health
ACH
$89.2M
| $11.1M | 0.01% |
2,319,984
+890,921
| +62% | +$5.67M |
|
1499
Edgewell Personal Care
EPC
$1.33B
| $11.1M | 0.01% |
545,585
+474,771
| +670% | +$11.1M |
|
1500
CALL
Chubb
CB
$134B
| $11.1M | 0.01% |
39,200
+26,200
| +202% | +$7.21M |
|
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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.