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 | Miscellaneous | 38.56% |
| 2 | Technology | 19.25% |
| 3 | Consumer Discretionary | 7.51% |
| 4 | Financials | 7.11% |
| 5 | Healthcare | 6.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2151
Conduent
CNDT
$261M
| $4.74M | ﹤0.01% |
1,691,087
-350,110
| -17% | -$948K |
|
2152
Concentrix
CNXC
$1.73B
| $4.73M | ﹤0.01% |
+102,496
| New | +$5.47M |
|
2153
PUT
Weatherford International
WFRD
$6.31B
| $4.73M | ﹤0.01% |
69,100
-6,300
| -8% | -$374K |
|
2154
Estee Lauder
EL
$38.4B
| $4.73M | ﹤0.01% |
53,624
-235,888
| -81% | -$21M |
|
2155
CALL
Insulet
PODD
$9.87B
| $4.72M | ﹤0.01% |
+15,300
| New | +$4.79M |
|
|
2156
PUT
GE Aerospace
GE
$361B
| $4.72M | ﹤0.01% |
+15,700
| New | +$4.29M |
|
2157
CALL
Marathon Petroleum
MPC
$100B
| $4.72M | ﹤0.01% |
24,500
+4,100
| +20% | +$721K |
|
|
AL
2158
DELISTED
Air Lease Corp
AL
| $4.72M | ﹤0.01% |
74,135
-32,868
| -31% | -$1.96M |
|
2159
Parsons
PSN
$5.23B
| $4.7M | ﹤0.01% |
56,722
-81,462
| -59% | -$6.3M |
|
|
DCH
2160
Dauch Corp
DCH
$1.53B
| $4.7M | ﹤0.01% |
782,374
+7,830
| +1% | +$41.9K |
|
|
CTRA
2161
DELISTED
Coterra Energy
CTRA
| $4.7M | ﹤0.01% |
198,523
+131,120
| +195% | +$3.16M |
|
2162
PUT
Manchester United
MANU
$3.98B
| $4.69M | ﹤0.01% |
+309,800
| New | +$5.26M |
|
2163
Meritage Homes
MTH
$4.66B
| $4.69M | ﹤0.01% |
64,699
-72,714
| -53% | -$5.4M |
|
|
ZEUS
2164
DELISTED
Olympic Steel
ZEUS
| $4.68M | ﹤0.01% |
153,818
-3,261
| -2% | -$107K |
|
2165
Manitowoc
MTW
$690M
| $4.68M | ﹤0.01% |
467,245
+4,341
| +0.9% | +$48.3K |
|
|
CMRC
2166
Commerce.com Inc Series 1
CMRC
$181M
| $4.67M | ﹤0.01% |
935,425
+396,426
| +74% | +$1.91M |
|
|
GLDD
2167
DELISTED
Great Lakes Dredge & Dock
GLDD
| $4.66M | ﹤0.01% |
388,881
-49,348
| -11% | -$572K |
|
2168
PUT
InterDigital
IDCC
$8.78B
| $4.66M | ﹤0.01% |
+13,500
| New | +$3.67M |
|
|
NTSK
2169
Netskope Inc
NTSK
$6.08B
| $4.66M | ﹤0.01% |
+205,000
| New | +$4.88M |
|
2170
Nathan's Famous
NATH
$397M
| $4.66M | ﹤0.01% |
42,069
+31,065
| +282% | +$3.25M |
|
|
MLNK
2171
DELISTED
MeridianLink
MLNK
| $4.65M | ﹤0.01% |
233,425
+189,731
| +434% | +$3.49M |
|
2172
First Financial Bankshares
FFIN
$4.74B
| $4.65M | ﹤0.01% |
138,191
+73,484
| +114% | +$2.64M |
|
2173
CALL
Sable Offshore Corp
SOC
$871M
| $4.65M | ﹤0.01% |
+266,200
| New | +$6.82M |
|
2174
Twilio
TWLO
$36.3B
| $4.65M | ﹤0.01% |
46,422
+41,351
| +815% | +$4.66M |
|
2175
Merchants Bancorp
MBIN
$2.43B
| $4.64M | ﹤0.01% |
146,067
+44,532
| +44% | +$1.46M |
|
Similar funds
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 $8.01B 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 Miscellaneous at 39% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Discretionary.
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.