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 | |
|---|---|---|---|---|---|---|
2251
PUT
BILL Holdings
BILL
$4.87B
| $4.67M | ﹤0.01% |
85,600
-8,300
| -9% | -$426K |
|
2252
Scotiabank
BNS
$113B
| $4.67M | ﹤0.01% |
63,268
-65,037
| -51% | -$4.42M |
|
|
NVMI
2253
CALL
Nova
NVMI
$11.8B
| $4.66M | ﹤0.01% |
14,200
+8,900
| +168% | +$2.86M |
|
2254
Brighthouse Financial
BHF
$3.11B
| $4.66M | ﹤0.01% |
71,930
-282,111
| -80% | -$16.6M |
|
2255
PUT
Applied Optoelectronics
AAOI
$9.62B
| $4.65M | ﹤0.01% |
133,500
-11,300
| -8% | -$337K |
|
2256
PayPal
PYPL
$52.6B
| $4.65M | ﹤0.01% |
79,715
-330,235
| -81% | -$21.4M |
|
2257
Brown & Brown
BRO
$23.9B
| $4.65M | ﹤0.01% |
58,334
-207,261
| -78% | -$17.3M |
|
2258
Becton Dickinson
BDX
$51.2B
| $4.64M | ﹤0.01% |
23,916
-140,117
| -85% | -$26.7M |
|
2259
CALL
Generac Holdings
GNRC
$11.6B
| $4.64M | ﹤0.01% |
34,000
-6,000
| -15% | -$968K |
|
|
SKYT
2260
CALL
DELISTED
SkyWater Technology
SKYT
| $4.64M | ﹤0.01% |
255,300
+33,200
| +15% | +$577K |
|
2261
Dole
DOLE
$1.29B
| $4.64M | ﹤0.01% |
309,222
-650,950
| -68% | -$9.07M |
|
2262
PUT
Lennar Class A
LEN
$20.5B
| $4.63M | ﹤0.01% |
45,000
+31,200
| +226% | +$3.77M |
|
2263
ManpowerGroup
MAN
$2.89B
| $4.61M | ﹤0.01% |
155,210
-202,896
| -57% | -$6.34M |
|
2264
AdvanSix
ASIX
$442M
| $4.61M | ﹤0.01% |
266,547
+163,777
| +159% | +$2.86M |
|
2265
Warby Parker
WRBY
$3.12B
| $4.61M | ﹤0.01% |
211,602
-1,588,929
| -88% | -$34.6M |
|
|
HSAI
2266
PUT
Hesai Group
HSAI
$2.75B
| $4.61M | ﹤0.01% |
+205,600
| New | +$4.5M |
|
2267
PUT
Illumina
ILMN
$34.4B
| $4.59M | ﹤0.01% |
35,000
-4,900
| -12% | -$575K |
|
2268
Hallador Energy
HNRG
$784M
| $4.59M | ﹤0.01% |
241,089
+79,156
| +49% | +$1.6M |
|
|
DCBO
2269
Docebo
DCBO
$631M
| $4.59M | ﹤0.01% |
206,538
-17,606
| -8% | -$420K |
|
2270
PUT
Amgen
AMGN
$236B
| $4.58M | ﹤0.01% |
14,000
-8,000
| -36% | -$2.54M |
|
2271
NOV
NOV
$7.4B
| $4.56M | ﹤0.01% |
291,845
-513,358
| -64% | -$7.62M |
|
2272
Emerson Electric
EMR
$88B
| $4.56M | ﹤0.01% |
+34,362
| New | +$4.56M |
|
2273
Oxford Industries
OXM
$570M
| $4.55M | ﹤0.01% |
133,038
+18,655
| +16% | +$694K |
|
2274
Cars.com
CARS
$630M
| $4.55M | ﹤0.01% |
372,867
+191,691
| +106% | +$2.23M |
|
2275
Southern Copper
SCCO
$183B
| $4.53M | ﹤0.01% |
32,567
-60,258
| -65% | -$7.88M |
|
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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.