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 | |
|---|---|---|---|---|---|---|
2026
NextNav
NN
$2.65B
| $6.17M | ﹤0.01% |
370,855
+103,060
| +38% | +$1.46M |
|
2027
CALL
State Street
STT
$53.1B
| $6.17M | ﹤0.01% |
47,800
+37,700
| +373% | +$4.51M |
|
|
COPL
2028
Copley Acquisition Corp
COPL
$233M
| $6.16M | ﹤0.01% |
600,000
| – | – |
|
2029
CALL
Valaris
VAL
$5.93B
| $6.16M | ﹤0.01% |
122,200
+27,400
| +29% | +$1.47M |
|
2030
Merchants Bancorp
MBIN
$2.45B
| $6.14M | ﹤0.01% |
180,308
+34,241
| +23% | +$1.12M |
|
2031
Evergy
EVRG
$18.8B
| $6.13M | ﹤0.01% |
+84,627
| New | +$6.42M |
|
2032
Indivior Pharmaceuticals
INDV
$4.17B
| $6.13M | ﹤0.01% |
170,867
-42,387
| -20% | -$1.29M |
|
|
MACI
2033
Melar Acquisition Corp I
MACI
$237M
| $6.13M | ﹤0.01% |
576,328
| – | – |
|
2034
PUT
NuScale Power
SMR
$4B
| $6.12M | ﹤0.01% |
432,100
+325,400
| +305% | +$9.31M |
|
2035
Amkor Technology
AMKR
$12.9B
| $6.11M | ﹤0.01% |
154,786
+35,886
| +30% | +$1.28M |
|
2036
CALL
IAMGOLD
IAG
$12.3B
| $6.1M | ﹤0.01% |
+370,000
| New | +$5.21M |
|
|
CCAQ
2037
Collective Acquisition Corp
CCAQ
| $6.09M | ﹤0.01% |
598,000
| – | – |
|
2038
Aquestive Therapeutics
AQST
$648M
| $6.08M | ﹤0.01% |
941,197
+915,697
| +3,591% | +$5.71M |
|
2039
PUT
The Mosaic Company
MOS
$7.55B
| $6.08M | ﹤0.01% |
252,200
+67,100
| +36% | +$1.81M |
|
2040
Magnolia Oil & Gas
MGY
$6.32B
| $6.06M | ﹤0.01% |
276,774
+214,897
| +347% | +$4.89M |
|
2041
CALL
Bank of America
BAC
$428B
| $6.06M | ﹤0.01% |
110,100
+98,200
| +825% | +$5.19M |
|
2042
Central Garden & Pet Co Class A
CENTA
$2.36B
| $6.05M | ﹤0.01% |
207,126
-40,091
| -16% | -$1.16M |
|
2043
Tyson Foods
TSN
$19.5B
| $6.04M | ﹤0.01% |
103,050
+35,764
| +53% | +$1.96M |
|
2044
Cogent Communications
CCOI
$495M
| $6.04M | ﹤0.01% |
280,136
-112,993
| -29% | -$3.34M |
|
2045
Fastenal
FAST
$58.7B
| $6.03M | ﹤0.01% |
150,353
-123,554
| -45% | -$5.2M |
|
2046
PUT
Regeneron Pharmaceuticals
REGN
$83.2B
| $6.02M | ﹤0.01% |
7,800
-12,200
| -61% | -$8.29M |
|
|
FRMI
2047
Fermi Inc
FRMI
$3.49B
| $6.01M | ﹤0.01% |
+751,592
| New | +$14.7M |
|
2048
Mesa Laboratories
MLAB
$720M
| $6.01M | ﹤0.01% |
76,565
+43,754
| +133% | +$3.33M |
|
|
RNGT
2049
Range Capital Acquisition Corp II
RNGT
$318M
| $6.01M | ﹤0.01% |
+602,083
| New | +$6.02M |
|
2050
Voya Financial
VOYA
$9.16B
| $6.01M | ﹤0.01% |
80,653
+61,514
| +321% | +$4.48M |
|
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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.