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 | |
|---|---|---|---|---|---|---|
1826
RH
RH
$2.78B
| $8.01M | ﹤0.01% |
44,730
-339,542
| -88% | -$58.1M |
|
1827
CALL
Caesars Entertainment
CZR
$6.04B
| $8M | ﹤0.01% |
341,900
+244,200
| +250% | +$5.49M |
|
|
RDAG
1828
Republic Digital Acquisition Co
RDAG
| $7.98M | ﹤0.01% |
788,501
+488,501
| +163% | +$5.01M |
|
1829
Simon Property Group
SPG
$69.6B
| $7.98M | ﹤0.01% |
43,122
-11,275
| -21% | -$2.05M |
|
1830
Cerus
CERS
$554M
| $7.98M | ﹤0.01% |
3,873,371
+54,319
| +1% | +$94.1K |
|
1831
CALL
Realty Income
O
$58.5B
| $7.98M | ﹤0.01% |
141,500
-20,300
| -13% | -$1.18M |
|
1832
Pathward Financial
CASH
$1.69B
| $7.97M | ﹤0.01% |
112,264
+19,261
| +21% | +$1.38M |
|
1833
SI-BONE Inc
SIBN
$881M
| $7.97M | ﹤0.01% |
404,021
+11,012
| +3% | +$191K |
|
1834
PUT
NextEra Energy
NEE
$174B
| $7.96M | ﹤0.01% |
99,200
+18,200
| +22% | +$1.51M |
|
1835
Insulet
PODD
$9.98B
| $7.96M | ﹤0.01% |
+28,004
| New | +$8.76M |
|
1836
Hilton Worldwide
HLT
$73.4B
| $7.95M | ﹤0.01% |
27,669
-140,171
| -84% | -$38.2M |
|
1837
Perrigo
PRGO
$2.01B
| $7.94M | ﹤0.01% |
570,110
+503,081
| +751% | +$8.39M |
|
1838
Ultragenyx Pharmaceutical
RARE
$2.57B
| $7.93M | ﹤0.01% |
344,763
+107,123
| +45% | +$3.52M |
|
|
CEPT
1839
DELISTED
Cantor Equity Partners II
CEPT
| $7.93M | ﹤0.01% |
704,187
| – | – |
|
1840
CALL
Carrier Global
CARR
$48.6B
| $7.93M | ﹤0.01% |
+150,000
| New | +$8.34M |
|
|
1841
PUT
Carrier Global
CARR
$48.6B
| $7.93M | ﹤0.01% |
+150,000
| New | +$8.34M |
|
1842
Markel Group
MKL
$22.4B
| $7.92M | ﹤0.01% |
3,683
-290
| -7% | -$588K |
|
1843
Ivanhoe Electric
IE
$1.87B
| $7.89M | ﹤0.01% |
494,005
+389,812
| +374% | +$5.58M |
|
1844
Wheaton Precious Metals
WPM
$71.9B
| $7.88M | ﹤0.01% |
67,013
-44,165
| -40% | -$4.73M |
|
1845
Universal Health Services
UHS
$10.2B
| $7.87M | ﹤0.01% |
36,106
+11,833
| +49% | +$2.62M |
|
1846
CALL
Maplebear
CART
$11.6B
| $7.87M | ﹤0.01% |
+175,000
| New | +$7.16M |
|
1847
Frontline
FRO
$9.76B
| $7.87M | ﹤0.01% |
+360,668
| New | +$8.43M |
|
1848
CALL
Nextpower Inc. Common Stock
NXT
$13.6B
| $7.87M | ﹤0.01% |
90,300
+40,400
| +81% | +$3.66M |
|
1849
Nokia
NOK
$59.5B
| $7.85M | ﹤0.01% |
1,213,294
+1,101,984
| +990% | +$6.83M |
|
1850
Nuvation Bio
NUVB
$2.49B
| $7.85M | ﹤0.01% |
+875,802
| New | +$5.43M |
|
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.