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 | |
|---|---|---|---|---|---|---|
1726
FS KKR Capital
FSK
$3.36B
| $8.28M | ﹤0.01% |
554,698
+378,163
| +214% | +$7.16M |
|
1727
Constellation Energy
CEG
$99B
| $8.25M | ﹤0.01% |
25,081
-116,480
| -82% | -$37.6M |
|
1728
Antero Midstream
AM
$10.7B
| $8.25M | ﹤0.01% |
424,507
-607,588
| -59% | -$11M |
|
|
KLAR
1729
Klarna Group
KLAR
$5.37B
| $8.25M | ﹤0.01% |
+225,000
| New | +$9.63M |
|
1730
CALL
uniQure
QURE
$3.53B
| $8.24M | ﹤0.01% |
+141,200
| New | +$2.56M |
|
|
JBGS
1731
JBG SMITH
JBGS
$723M
| $8.24M | ﹤0.01% |
370,365
+224,068
| +153% | +$4.61M |
|
1732
PUT
Synopsys
SNPS
$78.5B
| $8.24M | ﹤0.01% |
16,700
-17,000
| -50% | -$9.61M |
|
1733
Invesco China Technology ETF
CQQQ
$3.02B
| $8.22M | ﹤0.01% |
139,219
+95,212
| +216% | +$4.76M |
|
1734
Clearwater Paper
CLW
$344M
| $8.18M | ﹤0.01% |
393,808
+17,412
| +5% | +$421K |
|
1735
Franklin Templeton
BEN
$17.8B
| $8.16M | ﹤0.01% |
352,928
+223,336
| +172% | +$5.52M |
|
|
HDSN
1736
Hudson Technologies
HDSN
$223M
| $8.16M | ﹤0.01% |
821,809
+30,146
| +4% | +$283K |
|
1737
PUT
Carlyle Group
CG
$17.5B
| $8.15M | ﹤0.01% |
+130,000
| New | +$8.12M |
|
1738
PUT
Twilio
TWLO
$35.1B
| $8.12M | ﹤0.01% |
81,100
+18,400
| +29% | +$2.07M |
|
1739
Datadog
DDOG
$81.8B
| $8.12M | ﹤0.01% |
56,989
-13,804
| -19% | -$1.9M |
|
1740
Pennant Group
PNTG
$1.34B
| $8.05M | ﹤0.01% |
319,202
+134,045
| +72% | +$3.29M |
|
|
ZK
1741
DELISTED
Zeekr
ZK
| $8.01M | ﹤0.01% |
+262,675
| New | +$7.61M |
|
1742
CALL
Sysco
SYY
$39.9B
| $8M | ﹤0.01% |
97,200
+17,700
| +22% | +$1.42M |
|
1743
InterDigital
IDCC
$8.89B
| $8M | ﹤0.01% |
23,181
-2,482
| -10% | -$674K |
|
1744
Nelnet
NNI
$4.57B
| $7.97M | ﹤0.01% |
63,565
+17,173
| +37% | +$2.15M |
|
1745
Encompass Health
EHC
$11.9B
| $7.97M | ﹤0.01% |
62,716
-97,671
| -61% | -$11.6M |
|
1746
Embecta
EMBC
$281M
| $7.96M | ﹤0.01% |
564,243
-54,580
| -9% | -$690K |
|
1747
CALL
Brinker International
EAT
$10.3B
| $7.96M | ﹤0.01% |
62,800
-2,500
| -4% | -$390K |
|
1748
Remitly
RELY
$5.45B
| $7.9M | ﹤0.01% |
484,656
+185,812
| +62% | +$3.33M |
|
1749
Gold Fields
GFI
$42.6B
| $7.9M | ﹤0.01% |
188,172
+103,343
| +122% | +$3.21M |
|
1750
Hilton Grand Vacations
HGV
$3.5B
| $7.89M | ﹤0.01% |
188,643
+55,686
| +42% | +$2.56M |
|
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.