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 |
Netflix
NFLX
|
+$751M |
| 2 |
Advanced Micro Devices
AMD
|
+$751M |
| 3 |
Micron Technology
MU
|
+$426M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$363M |
| 5 |
ExxonMobil
XOM
|
+$356M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$546M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$485M |
| 3 |
VMW
VMware, Inc
VMW
|
+$393M |
| 4 |
Microsoft
MSFT
|
+$336M |
| 5 |
UnitedHealth
UNH
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.03% |
| 2 | Consumer Discretionary | 9.51% |
| 3 | Healthcare | 5.77% |
| 4 | Financials | 5.47% |
| 5 | Communication Services | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
PUT
American International
AIG
$40.2B
| $3.39M | ﹤0.01% |
+50,100
| New | +$3.19M |
|
2102
CALL
Cinemark Holdings
CNK
$4.3B
| $3.38M | ﹤0.01% |
240,200
+161,400
| +205% | +$2.51M |
|
2103
Franklin Templeton
BEN
$17.8B
| $3.38M | ﹤0.01% |
113,349
-729,484
| -87% | -$18.1M |
|
2104
PUT
Kohl's
KSS
$2.03B
| $3.38M | ﹤0.01% |
117,700
-140,800
| -54% | -$3.3M |
|
2105
Hanmi Financial
HAFC
$921M
| $3.37M | ﹤0.01% |
173,869
-29,156
| -14% | -$491K |
|
2106
InterContinental Hotels
IHG
$24.3B
| $3.37M | ﹤0.01% |
+36,979
| New | +$2.92M |
|
2107
Churchill Downs
CHDN
$6.1B
| $3.37M | ﹤0.01% |
24,980
-59,711
| -71% | -$7.09M |
|
2108
Pacer US Cash Cows 100 ETF
COWZ
$20.1B
| $3.36M | ﹤0.01% |
+64,685
| New | +$3.21M |
|
2109
Comfort Systems
FIX
$56.9B
| $3.36M | ﹤0.01% |
16,338
+11,110
| +213% | +$2.05M |
|
2110
PUT
Autodesk
ADSK
$53.8B
| $3.36M | ﹤0.01% |
13,800
-2,200
| -14% | -$475K |
|
2111
Fulcrum Therapeutics
FULC
$295M
| $3.36M | ﹤0.01% |
497,679
+276,415
| +125% | +$1.23M |
|
2112
BWX Technologies
BWXT
$14B
| $3.35M | ﹤0.01% |
43,641
+18,643
| +75% | +$1.43M |
|
|
MCHB
2113
Mechanics Bancorp
MCHB
$3.55B
| $3.35M | ﹤0.01% |
324,788
+46,530
| +17% | +$322K |
|
2114
Methanex
MEOH
$4.4B
| $3.34M | ﹤0.01% |
70,700
-14,800
| -17% | -$644K |
|
2115
PUT
MSCI
MSCI
$41B
| $3.34M | ﹤0.01% |
+5,900
| New | +$3.05M |
|
|
DFS
2116
DELISTED
Discover Financial Services
DFS
| $3.33M | ﹤0.01% |
29,584
-179,667
| -86% | -$16.6M |
|
|
SFIX
2117
Stitch Fix
SFIX
$423M
| $3.32M | ﹤0.01% |
930,358
-129,359
| -12% | -$456K |
|
2118
CALL
Align Technology
ALGN
$11.3B
| $3.32M | ﹤0.01% |
12,100
+3,500
| +41% | +$830K |
|
2119
Targa Resources
TRGP
$63B
| $3.31M | ﹤0.01% |
38,112
-53,463
| -58% | -$4.59M |
|
|
HSII
2120
DELISTED
Heidrick & Struggles
HSII
| $3.31M | ﹤0.01% |
112,027
-10,307
| -8% | -$274K |
|
2121
Terex
TEX
$7.47B
| $3.3M | ﹤0.01% |
57,498
+35,562
| +162% | +$1.84M |
|
2122
CALL
Innovative Industrial Properties
IIPR
$1.57B
| $3.3M | ﹤0.01% |
32,700
-12,800
| -28% | -$1.05M |
|
2123
Lucid Motors
LCID
$1.95B
| $3.3M | ﹤0.01% |
+78,268
| New | +$3.51M |
|
2124
CALL
Waters Corp
WAT
$40.7B
| $3.29M | ﹤0.01% |
10,000
| – | – |
|
|
NXH
2125
Neighborhood Intelligence Inc
NXH
$383M
| $3.29M | ﹤0.01% |
130,726
-104,408
| -44% | -$1.8M |
|
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David Shaw's Q4 2023 Portfolio in Review
As of Q4 2023, David Shaw held 4,806 positions worth $114B, up 19% from $95.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2023 filing shows 575 new, 1,549 increased, 1,464 reduced and 527 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M. The largest sale was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $546M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 2,424,593 shares worth $188M.
- David Shaw added most to Netflix in Q4 2023, an estimated $751M increase.
- David Shaw's biggest Q4 2023 reduction was Microsoft, cutting an estimated $336M.
- David Shaw fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $546M.
- David Shaw's ten largest holdings make up 12% of its $114B portfolio in Q4 2023.
- David Shaw opened 575 new positions and closed 527 in Q4 2023.
- David Shaw's portfolio value rose 19% quarter-over-quarter to $114B.
Based on D.E. Shaw & Co's 13F filing for Q4 2023, filed 14 Feb 2024.