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 | |
|---|---|---|---|---|---|---|
|
CMA
2051
DELISTED
Comerica
CMA
| $6M | ﹤0.01% |
68,988
+48,769
| +241% | +$3.93M |
|
2052
Photronics
PLAB
$1.78B
| $5.99M | ﹤0.01% |
187,304
+138,754
| +286% | +$3.58M |
|
2053
Cboe Global Markets
CBOE
$32.8B
| $5.99M | ﹤0.01% |
23,865
-38,221
| -62% | -$9.51M |
|
2054
PUT
InterDigital
IDCC
$8.64B
| $5.99M | ﹤0.01% |
18,800
+5,300
| +39% | +$1.87M |
|
|
BAND
2055
Bandwidth Inc
BAND
$1.67B
| $5.98M | ﹤0.01% |
386,908
+19,582
| +5% | +$297K |
|
2056
CALL
First Horizon
FHN
$11.6B
| $5.97M | ﹤0.01% |
250,000
-50,000
| -17% | -$1.11M |
|
|
DNMX
2057
Dynamix Corp III
DNMX
$270M
| $5.97M | ﹤0.01% |
+603,703
| New | +$5.98M |
|
2058
Dollar General
DG
$27.8B
| $5.97M | ﹤0.01% |
44,933
+11,334
| +34% | +$1.26M |
|
2059
PUT
Owens Corning
OC
$11.4B
| $5.96M | ﹤0.01% |
+53,300
| New | +$6.26M |
|
2060
Gerdau
GGB
$9.22B
| $5.96M | ﹤0.01% |
1,615,446
-1,550,813
| -49% | -$5.42M |
|
2061
AGNC Investment
AGNC
$13B
| $5.96M | ﹤0.01% |
555,665
+471,353
| +559% | +$4.85M |
|
2062
Definitive Healthcare
DH
$86.9M
| $5.93M | ﹤0.01% |
2,067,688
+263,729
| +15% | +$731K |
|
2063
PUT
Hershey
HSY
$36.4B
| $5.93M | ﹤0.01% |
32,600
| – | – |
|
2064
BorgWarner
BWA
$13.2B
| $5.92M | ﹤0.01% |
+131,491
| New | +$5.76M |
|
2065
Winnebago Industries
WGO
$859M
| $5.91M | ﹤0.01% |
145,769
+3,623
| +3% | +$132K |
|
2066
Corcept Therapeutics
CORT
$12.6B
| $5.9M | ﹤0.01% |
169,667
-414,431
| -71% | -$32.6M |
|
2067
Zymeworks
ZYME
$2.07B
| $5.89M | ﹤0.01% |
223,786
+96,863
| +76% | +$2.11M |
|
2068
Repay Holdings
RPAY
$313M
| $5.89M | ﹤0.01% |
1,612,598
+622,816
| +63% | +$2.5M |
|
2069
PUT
GE Vernova
GEV
$254B
| $5.88M | ﹤0.01% |
9,000
-43,100
| -83% | -$26.3M |
|
2070
Liberty Media Series A
FWONA
$23.6B
| $5.88M | ﹤0.01% |
65,762
+22,460
| +52% | +$2.02M |
|
2071
CorVel
CRVL
$3.51B
| $5.88M | ﹤0.01% |
86,852
+13,844
| +19% | +$1M |
|
2072
3D Systems Corp
DDD
$570M
| $5.87M | ﹤0.01% |
3,318,121
+131,443
| +4% | +$320K |
|
|
2073
InterDigital
IDCC
$8.64B
| $5.87M | ﹤0.01% |
18,436
-4,745
| -20% | -$1.68M |
|
2074
Aehr Test Systems
AEHR
$2.95B
| $5.86M | ﹤0.01% |
290,291
+55,917
| +24% | +$1.35M |
|
2075
CALL
Group 1 Automotive
GPI
$3.12B
| $5.86M | ﹤0.01% |
14,900
-17,300
| -54% | -$7.1M |
|
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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.