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 | |
|---|---|---|---|---|---|---|
1976
SI-BONE Inc
SIBN
$871M
| $5.79M | ﹤0.01% |
393,009
+49,519
| +14% | +$809K |
|
1977
Donnelley Financial Solutions
DFIN
$1.17B
| $5.78M | ﹤0.01% |
112,443
-17,275
| -13% | -$986K |
|
1978
BlackBerry
BB
$4.57B
| $5.78M | ﹤0.01% |
1,184,952
-11,385,723
| -91% | -$45.2M |
|
1979
Ambev
ABEV
$44.7B
| $5.78M | ﹤0.01% |
2,590,928
-6,934,087
| -73% | -$15.9M |
|
|
RFAI
1980
RF Acquisition Corp II
RFAI
$408M
| $5.77M | ﹤0.01% |
541,134
| – | – |
|
1981
CALL
APA Corp
APA
$14.4B
| $5.77M | ﹤0.01% |
237,600
-321,200
| -57% | -$6.78M |
|
|
GOOS
1982
Canada Goose Holdings
GOOS
$793M
| $5.75M | ﹤0.01% |
417,291
+179,368
| +75% | +$2.33M |
|
1983
PBF Energy
PBF
$8.27B
| $5.75M | ﹤0.01% |
190,489
+129,748
| +214% | +$3.39M |
|
1984
Unum
UNM
$14.5B
| $5.74M | ﹤0.01% |
73,859
+44,521
| +152% | +$3.34M |
|
1985
CALL
Alexandria Real Estate Equities
ARE
$9.12B
| $5.74M | ﹤0.01% |
68,900
+64,700
| +1,540% | +$5.18M |
|
1986
Worthington Enterprises
WOR
$2.84B
| $5.74M | ﹤0.01% |
103,465
-71,645
| -41% | -$4.52M |
|
1987
Clean Energy Fuels
CLNE
$357M
| $5.73M | ﹤0.01% |
2,222,565
+1,431,612
| +181% | +$3.35M |
|
1988
Sprout Social
SPT
$645M
| $5.73M | ﹤0.01% |
443,449
+118,168
| +36% | +$1.93M |
|
1989
Alliant Energy
LNT
$17.9B
| $5.73M | ﹤0.01% |
+84,960
| New | +$5.48M |
|
1990
CALL
SiriusXM
SIRI
$9.61B
| $5.71M | ﹤0.01% |
245,399
-8,300
| -3% | -$192K |
|
1991
ATS Corp
ATS
$1.95B
| $5.7M | ﹤0.01% |
217,900
+159,328
| +272% | +$4.59M |
|
1992
CALL
Cadence Design Systems
CDNS
$92.2B
| $5.69M | ﹤0.01% |
16,200
-26,400
| -62% | -$9.08M |
|
1993
CALL
Zeta Global
ZETA
$7.09B
| $5.69M | ﹤0.01% |
+286,300
| New | +$5.14M |
|
|
EA
1994
CALL
DELISTED
Electronic Arts
EA
| $5.69M | ﹤0.01% |
28,200
-114,600
| -80% | -$19M |
|
1995
Kontoor Brands
KTB
$4.22B
| $5.66M | ﹤0.01% |
71,015
-161,364
| -69% | -$11.6M |
|
1996
CorVel
CRVL
$3.55B
| $5.65M | ﹤0.01% |
73,008
+20,769
| +40% | +$1.85M |
|
|
AVDL
1997
DELISTED
Avadel Pharmaceuticals
AVDL
| $5.64M | ﹤0.01% |
369,629
-67,926
| -16% | -$884K |
|
1998
CALL
Colgate-Palmolive
CL
$73.4B
| $5.64M | ﹤0.01% |
70,600
+57,100
| +423% | +$4.87M |
|
|
CVSA
1999
Covista Inc
CVSA
$4.69B
| $5.63M | ﹤0.01% |
36,464
-5,384
| -13% | -$689K |
|
|
PCG.PRX
2000
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.4B
| $5.62M | ﹤0.01% |
141,700
-100,000
| -41% | -$3.9M |
|
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.