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 | |
|---|---|---|---|---|---|---|
1726
PUT
Zillow
Z
$7.79B
| $9.21M | 0.01% |
135,000
-8,200
| -6% | -$594K |
|
1727
Acushnet Holdings
GOLF
$4.99B
| $9.19M | 0.01% |
115,142
-19,805
| -15% | -$1.61M |
|
|
RANG
1728
Range Capital Acquisition Corp
RANG
| $9.18M | 0.01% |
870,000
| – | – |
|
1729
PUT
American Eagle Outfitters
AEO
$2.87B
| $9.17M | 0.01% |
347,900
| – | – |
|
|
CON
1730
Concentra Group Holdings
CON
$4.41B
| $9.17M | 0.01% |
466,118
+18,401
| +4% | +$368K |
|
1731
CALL
Sysco
SYY
$39.6B
| $9.17M | 0.01% |
124,400
+27,200
| +28% | +$2.07M |
|
1732
CALL
StoneCo
STNE
$2.23B
| $9.17M | 0.01% |
619,700
| – | – |
|
1733
PUT
Cigna
CI
$74.3B
| $9.17M | 0.01% |
33,300
-6,600
| -17% | -$1.85M |
|
|
OACC
1734
Oaktree Acquisition Corp III Life Sciences
OACC
$265M
| $9.16M | 0.01% |
861,625
| – | – |
|
1735
Box
BOX
$4.8B
| $9.15M | 0.01% |
305,777
-160,731
| -34% | -$5.04M |
|
1736
IMAX
IMAX
$2.83B
| $9.14M | 0.01% |
247,302
-281,611
| -53% | -$9.82M |
|
1737
Cirrus Logic
CRUS
$5.52B
| $9.14M | 0.01% |
77,106
+74,906
| +3,405% | +$9.22M |
|
1738
Caleres
CAL
$428M
| $9.12M | 0.01% |
749,422
+526,934
| +237% | +$6.49M |
|
1739
PUT
Rocket Companies
RKT
$40B
| $9.11M | 0.01% |
+470,400
| New | +$8.41M |
|
1740
CALL
KKR & Co
KKR
$99.6B
| $9.1M | 0.01% |
71,400
+33,400
| +88% | +$4.15M |
|
1741
Align Technology
ALGN
$11.4B
| $9.09M | 0.01% |
58,220
+6,503
| +13% | +$932K |
|
1742
CALL
Capricor Therapeutics
CAPR
$601M
| $9.09M | 0.01% |
315,000
+250,000
| +385% | +$3.26M |
|
1743
Tango Therapeutics
TNGX
$4.39B
| $9.09M | 0.01% |
1,025,553
+595,174
| +138% | +$5.13M |
|
1744
Rayonier Advanced Materials
RYAM
$574M
| $9.06M | 0.01% |
1,538,385
-149,898
| -9% | -$974K |
|
1745
Telus
TU
$15.5B
| $9.04M | 0.01% |
686,278
-130,400
| -16% | -$1.84M |
|
|
FACT
1746
FACT II Acquisition Corp
FACT
$260M
| $9.03M | ﹤0.01% |
866,244
| – | – |
|
1747
Genesco
GCO
$373M
| $9.02M | ﹤0.01% |
364,327
+18,650
| +5% | +$535K |
|
1748
CALL
Devon Energy
DVN
$51.2B
| $9M | ﹤0.01% |
245,800
-94,900
| -28% | -$3.31M |
|
1749
PUT
Mirion Technologies
MIR
$3.62B
| $8.99M | ﹤0.01% |
384,000
| – | – |
|
1750
CALL
Dutch Bros
BROS
$7.08B
| $8.99M | ﹤0.01% |
146,900
+100,200
| +215% | +$5.69M |
|
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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.