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 | |
|---|---|---|---|---|---|---|
201
UnitedHealth
UNH
$350B
| $187M | 0.11% |
542,276
-72,182
| -12% | -$21.8M |
|
202
PUT
Super Micro Computer
SMCI
$24.1B
| $187M | 0.11% |
3,891,300
-1,889,500
| -33% | -$90.2M |
|
203
PUT
Uber
UBER
$161B
| $186M | 0.1% |
1,896,200
+282,000
| +17% | +$26.4M |
|
204
PACCAR
PCAR
$69B
| $183M | 0.1% |
1,865,551
+569,983
| +44% | +$56.2M |
|
205
Capital One
COF
$134B
| $182M | 0.1% |
856,819
+316,083
| +58% | +$69.2M |
|
206
CALL
Visa
V
$693B
| $182M | 0.1% |
532,700
+118,100
| +28% | +$40.9M |
|
207
Sprouts Farmers Market
SFM
$7.56B
| $182M | 0.1% |
1,668,756
+96,697
| +6% | +$14.1M |
|
208
Oracle
ORCL
$422B
| $180M | 0.1% |
639,424
-203,748
| -24% | -$51.9M |
|
209
Edison International
EIX
$27.5B
| $180M | 0.1% |
3,249,345
-255,531
| -7% | -$13.8M |
|
210
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $178M | 0.1% |
732,900
-339,600
| -32% | -$71.4M |
|
211
CALL
Rivian
RIVN
$24.6B
| $178M | 0.1% |
12,138,300
+6,628,900
| +120% | +$88.8M |
|
212
Humana
HUM
$45.5B
| $178M | 0.1% |
683,696
-161,749
| -19% | -$42.5M |
|
213
PUT
Spotify
SPOT
$110B
| $175M | 0.1% |
250,700
+71,700
| +40% | +$50.1M |
|
214
Antero Resources
AR
$11.7B
| $175M | 0.1% |
5,206,235
+171,486
| +3% | +$5.72M |
|
215
VanEck Gold Miners ETF
GDX
$31.8B
| $174M | 0.1% |
+2,282,185
| New | +$137M |
|
|
216
CALL
Spotify
SPOT
$110B
| $174M | 0.1% |
249,300
-32,800
| -12% | -$22.9M |
|
217
CALL
Carvana
CVNA
$76.9B
| $173M | 0.1% |
2,287,500
-427,500
| -16% | -$30.6M |
|
218
Roku
ROKU
$23.4B
| $172M | 0.1% |
1,716,636
+1,645,670
| +2,319% | +$152M |
|
219
Newmont
NEM
$139B
| $172M | 0.1% |
2,036,212
+1,573,525
| +340% | +$110M |
|
220
PUT
Citigroup
C
$221B
| $172M | 0.1% |
1,689,900
+70,400
| +4% | +$6.68M |
|
221
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.4B
| $171M | 0.1% |
5,034,300
+3,287,200
| +188% | +$111M |
|
222
CALL
Amazon
AMZN
$2.79T
| $170M | 0.1% |
775,900
-364,500
| -32% | -$82.5M |
|
223
CALL
Toronto Dominion Bank
TD
$194B
| $170M | 0.1% |
2,127,500
-350,000
| -14% | -$26.3M |
|
|
OKLO
224
CALL
Oklo
OKLO
$7.83B
| $170M | 0.1% |
1,519,100
+467,800
| +44% | +$36.6M |
|
225
Global Payments
GPN
$24.7B
| $168M | 0.09% |
2,017,264
-392,978
| -16% | -$33.1M |
|
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 $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.