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 | |
|---|---|---|---|---|---|---|
1976
CALL
LyondellBasell Industries
LYB
$20.4B
| $6.61M | ﹤0.01% |
152,700
-34,800
| -19% | -$1.58M |
|
1977
Synopsys
SNPS
$89B
| $6.6M | ﹤0.01% |
14,049
-54,828
| -80% | -$24.4M |
|
1978
Kodak
KODK
$927M
| $6.6M | ﹤0.01% |
779,771
+553,051
| +244% | +$4.14M |
|
|
IMSR
1979
Terrestrial Energy
IMSR
$582M
| $6.6M | ﹤0.01% |
1,079,546
-12,949
| -1% | -$173K |
|
1980
Badger Meter
BMI
$4B
| $6.59M | ﹤0.01% |
37,789
-17,931
| -32% | -$3.23M |
|
|
EWCZ
1981
DELISTED
European Wax Center
EWCZ
| $6.57M | ﹤0.01% |
1,824,795
-93,935
| -5% | -$351K |
|
1982
Peabody Energy
BTU
$3.59B
| $6.56M | ﹤0.01% |
221,025
+40,907
| +23% | +$1.2M |
|
1983
CALL
SS&C Technologies
SSNC
$19.6B
| $6.56M | ﹤0.01% |
+75,000
| New | +$6.4M |
|
1984
Duolingo
DUOL
$6.68B
| $6.55M | ﹤0.01% |
37,335
+28,314
| +314% | +$6.67M |
|
1985
Occidental Petroleum
OXY
$59.1B
| $6.55M | ﹤0.01% |
+159,329
| New | +$6.65M |
|
1986
MarketAxess Holdings
MKTX
$5.72B
| $6.54M | ﹤0.01% |
36,099
-149,519
| -81% | -$25.5M |
|
1987
Rapid7
RPD
$910M
| $6.53M | ﹤0.01% |
429,672
+277,784
| +183% | +$4.57M |
|
1988
Antero Midstream
AM
$10.7B
| $6.51M | ﹤0.01% |
365,979
-58,528
| -14% | -$1.05M |
|
1989
Vontier
VNT
$4.48B
| $6.51M | ﹤0.01% |
175,005
+167,676
| +2,288% | +$6.42M |
|
1990
Pebblebrook Hotel Trust
PEB
$2.06B
| $6.5M | ﹤0.01% |
573,801
-61,936
| -10% | -$682K |
|
1991
Caesars Entertainment
CZR
$6.04B
| $6.48M | ﹤0.01% |
276,913
+46,714
| +20% | +$1.05M |
|
1992
PUT
Expedia Group
EXPE
$38.3B
| $6.46M | ﹤0.01% |
22,800
-3,100
| -12% | -$766K |
|
1993
Fastly Inc
FSLY
$3.93B
| $6.45M | ﹤0.01% |
634,038
+206,520
| +48% | +$2.04M |
|
|
CRAQ
1994
Cal Redwood Acquisition Corp
CRAQ
$325M
| $6.45M | ﹤0.01% |
633,957
+159,857
| +34% | +$1.61M |
|
1995
CALL
Flex
FLEX
$42.6B
| $6.45M | ﹤0.01% |
106,700
+90,500
| +559% | +$5.59M |
|
1996
Fulton Financial
FULT
$4.53B
| $6.44M | ﹤0.01% |
333,114
+262,859
| +374% | +$4.84M |
|
1997
WIX.com
WIX
$3.59B
| $6.43M | ﹤0.01% |
61,929
-24,170
| -28% | -$2.92M |
|
1998
Travelers Companies
TRV
$77B
| $6.39M | ﹤0.01% |
22,047
-10,142
| -32% | -$2.85M |
|
1999
Immunocore
IMCR
$1.89B
| $6.38M | ﹤0.01% |
+183,940
| New | +$6.49M |
|
|
SEMR
2000
DELISTED
Semrush
SEMR
| $6.38M | ﹤0.01% |
536,344
+119,140
| +29% | +$1.12M |
|
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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.