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 | |
|---|---|---|---|---|---|---|
2401
Flowserve
FLS
$10.4B
| $3.55M | ﹤0.01% |
66,868
-426,882
| -86% | -$23.2M |
|
|
SARO
2402
StandardAero Inc
SARO
$8.3B
| $3.55M | ﹤0.01% |
129,997
+107,593
| +480% | +$3.02M |
|
|
TACH
2403
Titan Acquisition Corp
TACH
$362M
| $3.54M | ﹤0.01% |
350,182
+100,180
| +40% | +$1.01M |
|
2404
PUT
Harley-Davidson
HOG
$2.9B
| $3.54M | ﹤0.01% |
127,000
+67,000
| +112% | +$1.8M |
|
2405
Acco Brands
ACCO
$396M
| $3.54M | ﹤0.01% |
887,777
+74,509
| +9% | +$290K |
|
2406
PUT
Olin
OLN
$1.97B
| $3.54M | ﹤0.01% |
141,700
+26,800
| +23% | +$595K |
|
2407
CALL
Newmont
NEM
$139B
| $3.54M | ﹤0.01% |
42,000
-330,400
| -89% | -$23M |
|
2408
CALL
Hyatt Hotels
H
$16.3B
| $3.53M | ﹤0.01% |
+24,900
| New | +$3.57M |
|
|
EA
2409
PUT
DELISTED
Electronic Arts
EA
| $3.53M | ﹤0.01% |
17,500
-25,100
| -59% | -$4.15M |
|
2410
CALL
Burlington
BURL
$18.3B
| $3.51M | ﹤0.01% |
13,800
+6,800
| +97% | +$1.85M |
|
2411
CALL
Domino's
DPZ
$11B
| $3.5M | ﹤0.01% |
8,100
-7,400
| -48% | -$3.36M |
|
2412
PUT
Sprouts Farmers Market
SFM
$7.56B
| $3.49M | ﹤0.01% |
32,100
+6,300
| +24% | +$917K |
|
2413
CALL
Pagaya Technologies
PGY
$1.94B
| $3.49M | ﹤0.01% |
117,500
-13,300
| -10% | -$430K |
|
2414
First Horizon
FHN
$11.6B
| $3.48M | ﹤0.01% |
+154,070
| New | +$3.42M |
|
2415
Dollar General
DG
$27.8B
| $3.47M | ﹤0.01% |
+33,599
| New | +$3.68M |
|
2416
SkinHealth Systems
SKIN
$90M
| $3.46M | ﹤0.01% |
1,740,921
+613,769
| +54% | +$1.25M |
|
2417
CALL
American Eagle Outfitters
AEO
$2.8B
| $3.46M | ﹤0.01% |
202,400
-203,000
| -50% | -$2.78M |
|
2418
Blue Owl Capital
OBDC
$5.56B
| $3.46M | ﹤0.01% |
271,148
-323,877
| -54% | -$4.61M |
|
2419
CALL
OneMain Financial
OMF
$7.35B
| $3.45M | ﹤0.01% |
61,100
| – | – |
|
2420
PUT
Innodata
INOD
$2.04B
| $3.45M | ﹤0.01% |
44,700
+12,800
| +40% | +$647K |
|
|
WAY
2421
Waystar Holding Corp
WAY
$4.84B
| $3.44M | ﹤0.01% |
90,844
+12,572
| +16% | +$466K |
|
|
CCRN
2422
DELISTED
Cross Country Healthcare
CCRN
| $3.44M | ﹤0.01% |
242,317
-5,551
| -2% | -$73.3K |
|
2423
PUT
MGM Resorts International
MGM
$10.8B
| $3.43M | ﹤0.01% |
98,900
+83,600
| +546% | +$3.07M |
|
2424
CALL
Xcel Energy
XEL
$48.2B
| $3.43M | ﹤0.01% |
+42,500
| New | +$3.07M |
|
|
CMA
2425
PUT
DELISTED
Comerica
CMA
| $3.43M | ﹤0.01% |
50,000
| – | – |
|
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.