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 | |
|---|---|---|---|---|---|---|
1701
Allegion
ALLE
$13.5B
| $9.47M | 0.01% |
+59,491
| New | +$9.92M |
|
1702
Biogen
BIIB
$32.4B
| $9.46M | 0.01% |
53,754
-424,170
| -89% | -$69.3M |
|
1703
Silicon Motion
SIMO
$8.59B
| $9.46M | 0.01% |
102,038
+23,470
| +30% | +$2.15M |
|
1704
PUT
Johnson & Johnson
JNJ
$641B
| $9.46M | 0.01% |
45,700
+15,700
| +52% | +$3.1M |
|
1705
Globalstar
GSAT
$10.6B
| $9.44M | 0.01% |
154,734
-227,527
| -60% | -$12.6M |
|
1706
Universal Corp
UVV
$1.14B
| $9.42M | 0.01% |
178,622
-4,689
| -3% | -$249K |
|
1707
CALL
Jefferies Financial Group
JEF
$12.2B
| $9.42M | 0.01% |
152,000
+45,900
| +43% | +$2.63M |
|
1708
ATN International
ATNI
$471M
| $9.4M | 0.01% |
412,488
-14,303
| -3% | -$265K |
|
1709
PUT
BP
BP
$108B
| $9.4M | 0.01% |
270,700
-120,600
| -31% | -$4.23M |
|
1710
Edgewell Personal Care
EPC
$1.33B
| $9.36M | 0.01% |
548,904
+3,319
| +0.6% | +$61.4K |
|
|
LOKV
1711
DELISTED
Live Oak Acquisition Corp V
LOKV
| $9.32M | 0.01% |
905,275
| – | – |
|
|
SFD
1712
Smithfield Foods
SFD
$8.63B
| $9.31M | 0.01% |
+417,092
| New | +$9.18M |
|
1713
Invesco WilderHill Clean Energy ETF
PBW
$399M
| $9.3M | 0.01% |
+304,628
| New | +$9.7M |
|
1714
State Street Financial Select Sector SPDR ETF
XLF
$56.3B
| $9.29M | 0.01% |
169,688
-562,212
| -77% | -$30M |
|
|
ZEUS
1715
DELISTED
Olympic Steel
ZEUS
| $9.28M | 0.01% |
216,950
+63,132
| +41% | +$2.25M |
|
1716
Flowserve
FLS
$10.4B
| $9.27M | 0.01% |
133,683
+66,815
| +100% | +$4.29M |
|
1717
Rocket Pharmaceuticals
RCKT
$407M
| $9.27M | 0.01% |
2,640,518
+450,768
| +21% | +$1.54M |
|
|
GTEN
1718
Gores Holdings X
GTEN
$481M
| $9.26M | 0.01% |
900,000
| – | – |
|
|
ALDF
1719
Aldel Financial II Inc
ALDF
$322M
| $9.25M | 0.01% |
880,057
| – | – |
|
1720
Trupanion
TRUP
$1.31B
| $9.24M | 0.01% |
247,312
-110,647
| -31% | -$4.35M |
|
1721
Moelis & Co
MC
$4.99B
| $9.24M | 0.01% |
+134,411
| New | +$8.97M |
|
1722
J&J Snack Foods
JJSF
$1.64B
| $9.23M | 0.01% |
102,095
+75,694
| +287% | +$6.86M |
|
1723
PUT
Chewy
CHWY
$9.42B
| $9.22M | 0.01% |
279,100
-39,200
| -12% | -$1.36M |
|
1724
PUT
Macy's
M
$5.93B
| $9.22M | 0.01% |
418,200
-20,000
| -5% | -$409K |
|
1725
Hovnanian Enterprises
HOV
$754M
| $9.21M | 0.01% |
94,443
-2,164
| -2% | -$255K |
|
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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 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.