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 | |
|---|---|---|---|---|---|---|
1826
Rocket Pharmaceuticals
RCKT
$402M
| $7.14M | ﹤0.01% |
2,189,750
+1,196,925
| +121% | +$3.77M |
|
1827
Bank of Hawaii
BOH
$3.05B
| $7.13M | ﹤0.01% |
108,582
+28,998
| +36% | +$1.93M |
|
1828
Mettler-Toledo International
MTD
$28B
| $7.11M | ﹤0.01% |
5,792
-1,152
| -17% | -$1.44M |
|
|
DMAA
1829
Drugs Made In America Acquisition Corp
DMAA
$261M
| $7.09M | ﹤0.01% |
690,000
| – | – |
|
1830
CALL
American Tower
AMT
$81.9B
| $7.08M | ﹤0.01% |
36,800
+5,200
| +16% | +$1.08M |
|
1831
PUT
Helen of Troy
HELE
$679M
| $7.07M | ﹤0.01% |
280,400
+160,100
| +133% | +$3.88M |
|
1832
Artisan Partners
APAM
$3.09B
| $7.06M | ﹤0.01% |
162,754
+93,724
| +136% | +$4.32M |
|
1833
Aehr Test Systems
AEHR
$2.97B
| $7.06M | ﹤0.01% |
+234,374
| New | +$5.08M |
|
1834
Napco Security Technologies
NSSC
$1.28B
| $7.04M | ﹤0.01% |
163,896
-22,920
| -12% | -$795K |
|
1835
Revolve Group
RVLV
$1.66B
| $7.03M | ﹤0.01% |
329,924
+133,858
| +68% | +$2.92M |
|
1836
PUT
TeraWulf
WULF
$7.97B
| $7.02M | ﹤0.01% |
+615,000
| New | +$4.7M |
|
1837
Royal Gold
RGLD
$22.5B
| $7.02M | ﹤0.01% |
+34,983
| New | +$6.05M |
|
1838
Rocket Companies
RKT
$39.4B
| $7.02M | ﹤0.01% |
362,048
-905,210
| -71% | -$15.8M |
|
1839
Establishment Labs
ESTA
$2.16B
| $7.02M | ﹤0.01% |
171,144
+32,767
| +24% | +$1.34M |
|
|
LWAC
1840
LightWave Acquisition Corp
LWAC
$310M
| $7.01M | ﹤0.01% |
+703,583
| New | +$7.01M |
|
1841
CALL
Hertz
HTZ
$745M
| $7.01M | ﹤0.01% |
1,031,400
+255,000
| +33% | +$1.64M |
|
1842
Telos
TLS
$332M
| $7.01M | ﹤0.01% |
1,024,581
+671,329
| +190% | +$3.21M |
|
1843
CALL
Nutanix
NTNX
$17.7B
| $6.97M | ﹤0.01% |
93,700
+49,200
| +111% | +$3.61M |
|
|
LKFT
1844
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.91B
| $6.97M | ﹤0.01% |
201,169
+47,984
| +31% | +$1.53M |
|
1845
Schwab US Dividend Equity ETF
SCHD
$112B
| $6.94M | ﹤0.01% |
254,357
+187,282
| +279% | +$5.11M |
|
|
NML
1846
Neuberger Energy Infrastructure and Income Fund Inc
NML
$600M
| $6.94M | ﹤0.01% |
796,270
| – | – |
|
1847
CALL
Jefferies Financial Group
JEF
$12.2B
| $6.94M | ﹤0.01% |
106,100
+14,500
| +16% | +$884K |
|
1848
Aptiv
APTV
$9.61B
| $6.93M | ﹤0.01% |
+80,323
| New | +$6.06M |
|
1849
Nomura Holdings
NMR
$29.4B
| $6.91M | ﹤0.01% |
950,836
-111,620
| -11% | -$784K |
|
|
CIVI
1850
PUT
DELISTED
Civitas Resources
CIVI
| $6.91M | ﹤0.01% |
212,600
+106,300
| +100% | +$3.4M |
|
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.