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 | |
|---|---|---|---|---|---|---|
1526
CALL
Duke Energy
DUK
$95.1B
| $10.7M | 0.01% |
86,400
+73,100
| +550% | +$8.87M |
|
|
DVAX
1527
DELISTED
Dynavax Technologies
DVAX
| $10.7M | 0.01% |
1,076,347
-348,017
| -24% | -$3.62M |
|
1528
Tronox
TROX
$869M
| $10.7M | 0.01% |
2,655,385
+1,464,134
| +123% | +$6.7M |
|
1529
NOV
NOV
$7.16B
| $10.7M | 0.01% |
805,203
-236,629
| -23% | -$3.06M |
|
1530
Arthur J. Gallagher & Co
AJG
$68.8B
| $10.7M | 0.01% |
+34,390
| New | +$10.4M |
|
1531
Tandem Diabetes Care
TNDM
$1.48B
| $10.6M | 0.01% |
877,217
+538,549
| +159% | +$7.29M |
|
1532
Affiliated Managers Group
AMG
$9.57B
| $10.6M | 0.01% |
44,610
-2,462
| -5% | -$543K |
|
|
MOMO
1533
Hello Group
MOMO
$848M
| $10.6M | 0.01% |
1,428,476
+625,250
| +78% | +$5.11M |
|
1534
Acushnet Holdings
GOLF
$5.08B
| $10.6M | 0.01% |
134,947
+72,071
| +115% | +$5.6M |
|
1535
PUT
DraftKings
DKNG
$12.4B
| $10.6M | 0.01% |
283,100
-228,000
| -45% | -$10.1M |
|
1536
CALL
Pinterest
PINS
$13.2B
| $10.5M | 0.01% |
327,500
+131,000
| +67% | +$4.75M |
|
1537
Petrobras Class A
PBR.A
$104B
| $10.5M | 0.01% |
+891,186
| New | +$10.3M |
|
1538
Essent Group
ESNT
$6.2B
| $10.5M | 0.01% |
165,541
+20,887
| +14% | +$1.27M |
|
1539
CALL
Ouster
OUST
$2.57B
| $10.5M | 0.01% |
388,800
+290,000
| +294% | +$8.09M |
|
|
1540
CALL
DraftKings
DKNG
$12.4B
| $10.5M | 0.01% |
280,500
+100,700
| +56% | +$4.47M |
|
1541
CALL
Charter Communications
CHTR
$18.3B
| $10.5M | 0.01% |
38,100
+15,800
| +71% | +$4.77M |
|
1542
CALL
HubSpot
HUBS
$11.6B
| $10.5M | 0.01% |
22,400
+13,900
| +164% | +$6.99M |
|
1543
SM Energy
SM
$8.55B
| $10.5M | 0.01% |
419,260
+336,111
| +404% | +$9.06M |
|
|
KYIV
1544
Kyivstar Group
KYIV
$3.17B
| $10.5M | 0.01% |
+836,154
| New | +$9.93M |
|
1545
Flex
FLEX
$41.6B
| $10.4M | 0.01% |
180,000
+139,506
| +345% | +$7.41M |
|
|
HDRN
1546
Hadron Energy
HDRN
$152M
| $10.4M | 0.01% |
990,000
| – | – |
|
|
TONT
1547
Graf Global Corp
TONT
$154M
| $10.4M | 0.01% |
989,579
| – | – |
|
|
LPAA
1548
Launch One Acquisition Corp
LPAA
| $10.4M | 0.01% |
990,000
| – | – |
|
1549
CALL
Credit Acceptance
CACC
$6.19B
| $10.4M | 0.01% |
22,300
| – | – |
|
1550
McEwen Inc
MUX
$1.3B
| $10.4M | 0.01% |
608,856
+93,471
| +18% | +$1.12M |
|
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.