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 | |
|---|---|---|---|---|---|---|
2001
CALL
Plug Power
PLUG
$3.03B
| $5.62M | ﹤0.01% |
2,412,900
+1,787,000
| +286% | +$3.03M |
|
2002
PUT
Campbell Soup
CPB
$6.93B
| $5.62M | ﹤0.01% |
177,900
+160,900
| +946% | +$5.2M |
|
2003
CALL
Helmerich & Payne
HP
$4.14B
| $5.59M | ﹤0.01% |
253,200
-4,000
| -2% | -$73.7K |
|
2004
ARK Genomic Revolution ETF
ARKG
$1.95B
| $5.59M | ﹤0.01% |
+200,734
| New | +$5.07M |
|
2005
CALL
Freshpet
FRPT
$3.6B
| $5.59M | ﹤0.01% |
101,400
+34,300
| +51% | +$2.12M |
|
2006
CALL
ON Semiconductor
ON
$28.5B
| $5.59M | ﹤0.01% |
113,300
-221,700
| -66% | -$11.7M |
|
|
NMP
2007
NMP Acquisition Corp
NMP
$165M
| $5.58M | ﹤0.01% |
+562,420
| New | +$5.58M |
|
2008
Leonardo DRS
DRS
$10.3B
| $5.58M | ﹤0.01% |
122,944
-7,893
| -6% | -$344K |
|
|
TMHC
2009
DELISTED
Taylor Morrison
TMHC
| $5.58M | ﹤0.01% |
84,525
-42,269
| -33% | -$2.78M |
|
|
VBTX
2010
DELISTED
Veritex Holdings
VBTX
| $5.57M | ﹤0.01% |
166,087
+93,161
| +128% | +$3M |
|
2011
PUT
Johnson & Johnson
JNJ
$651B
| $5.56M | ﹤0.01% |
30,000
-10,000
| -25% | -$1.71M |
|
|
PDS
2012
Precision Drilling
PDS
$1.11B
| $5.56M | ﹤0.01% |
98,594
+92,494
| +1,516% | +$5.06M |
|
2013
PUT
STMicroelectronics
STM
$44.3B
| $5.55M | ﹤0.01% |
196,500
-280,000
| -59% | -$7.83M |
|
|
GOOS
2014
PUT
Canada Goose Holdings
GOOS
$793M
| $5.55M | ﹤0.01% |
402,700
+202,700
| +101% | +$2.63M |
|
2015
CALL
American Superconductor
AMSC
$1.43B
| $5.55M | ﹤0.01% |
93,400
+84,700
| +974% | +$4.23M |
|
2016
Upstart Holdings
UPST
$2.97B
| $5.55M | ﹤0.01% |
109,190
-543,636
| -83% | -$38.2M |
|
|
PCAP
2017
ProCap Acquisition Corp
PCAP
$329M
| $5.55M | ﹤0.01% |
+540,011
| New | +$5.57M |
|
2018
Trimble
TRMB
$13.9B
| $5.54M | ﹤0.01% |
67,882
+37,745
| +125% | +$3.08M |
|
2019
World Acceptance Corp
WRLD
$891M
| $5.54M | ﹤0.01% |
32,735
-2,983
| -8% | -$502K |
|
2020
PUT
Expedia Group
EXPE
$40B
| $5.54M | ﹤0.01% |
25,900
-30,200
| -54% | -$6.06M |
|
2021
Alignment Healthcare
ALHC
$2.88B
| $5.53M | ﹤0.01% |
316,658
+187,074
| +144% | +$2.77M |
|
2022
Zillow
ZG
$8.09B
| $5.53M | ﹤0.01% |
74,228
-98,703
| -57% | -$7.77M |
|
2023
Veeco
VECO
$2.82B
| $5.52M | ﹤0.01% |
181,514
-143,462
| -44% | -$3.42M |
|
2024
Valero Energy
VLO
$100B
| $5.52M | ﹤0.01% |
32,421
+18,441
| +132% | +$2.75M |
|
2025
Telephone and Data Systems
TDS
$3.83B
| $5.51M | ﹤0.01% |
140,470
-187,218
| -57% | -$7.21M |
|
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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.