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 | Miscellaneous | 35.73% |
| 2 | Technology | 18.6% |
| 3 | Consumer Discretionary | 9.12% |
| 4 | Healthcare | 7.62% |
| 5 | Industrials | 7.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
BioCryst Pharmaceuticals
BCRX
$2.49B
| $9.73M | 0.01% |
1,247,466
-461,870
| -27% | -$3.34M |
|
|
DVAX
1677
DELISTED
Dynavax Technologies
DVAX
| $9.73M | 0.01% |
632,594
-443,753
| -41% | -$4.89M |
|
1678
Xerox
XRX
$399M
| $9.72M | 0.01% |
4,100,290
+2,699,134
| +193% | +$7.99M |
|
1679
Arrowhead Research
ARWR
$12.5B
| $9.7M | 0.01% |
146,064
+125,763
| +619% | +$6.16M |
|
1680
AutoZone
AZO
$48.1B
| $9.69M | 0.01% |
2,857
-389
| -12% | -$1.47M |
|
1681
Realty Income
O
$58.5B
| $9.67M | 0.01% |
171,480
-52,191
| -23% | -$3.02M |
|
1682
CALL
NIO
NIO
$10.9B
| $9.65M | 0.01% |
1,892,800
-1,247,700
| -40% | -$7.7M |
|
1683
Inhibrx
INBX
$1.85B
| $9.65M | 0.01% |
122,101
+110,548
| +957% | +$7.53M |
|
1684
Unisys
UIS
$192M
| $9.63M | 0.01% |
3,490,445
+406,187
| +13% | +$1.27M |
|
1685
Century Communities
CCS
$1.98B
| $9.63M | 0.01% |
162,313
+13,445
| +9% | +$818K |
|
1686
CALL
Novartis
NVS
$294B
| $9.6M | 0.01% |
+69,600
| New | +$9.11M |
|
|
DQ
1687
Daqo New Energy
DQ
$932M
| $9.59M | 0.01% |
325,128
+175,475
| +117% | +$5.36M |
|
1688
VanEck Uranium + Nuclear Energy ETF
NLR
$4.38B
| $9.59M | 0.01% |
+77,214
| New | +$10.6M |
|
1689
GFL Environmental
GFL
$14.7B
| $9.59M | 0.01% |
223,246
+122,195
| +121% | +$5.46M |
|
1690
CALL
Duolingo
DUOL
$6.69B
| $9.58M | 0.01% |
54,600
-45,400
| -45% | -$10.7M |
|
1691
The Ensign Group
ENSG
$10.3B
| $9.58M | 0.01% |
55,005
+52,141
| +1,821% | +$9.37M |
|
|
HUT
1692
CALL
Hut 8
HUT
$10.9B
| $9.58M | 0.01% |
208,500
+151,900
| +268% | +$6.7M |
|
1693
CALL
Cenovus Energy
CVE
$57.8B
| $9.57M | 0.01% |
565,700
-409,600
| -42% | -$7.11M |
|
1694
Agnico Eagle Mines
AEM
$108B
| $9.53M | 0.01% |
56,238
-43,352
| -44% | -$7.29M |
|
1695
Phinia Inc
PHIN
$2.53B
| $9.51M | 0.01% |
151,741
-18,839
| -11% | -$1.04M |
|
1696
PUT
Tyson Foods
TSN
$19.4B
| $9.49M | 0.01% |
161,900
+89,900
| +125% | +$4.94M |
|
1697
Amgen
AMGN
$237B
| $9.48M | 0.01% |
28,977
-99,882
| -78% | -$31.7M |
|
1698
CALL
Oscar Health
OSCR
$9.54B
| $9.48M | 0.01% |
660,000
-149,300
| -18% | -$2.58M |
|
1699
McCormick & Company Non-Voting
MKC
$14.6B
| $9.48M | 0.01% |
139,231
-264,917
| -66% | -$17.6M |
|
1700
CALL
Kroger
KR
$35.1B
| $9.48M | 0.01% |
151,700
| – | – |
|
Similar funds
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 Miscellaneous at 36% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.