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 | |
|---|---|---|---|---|---|---|
2401
Nathan's Famous
NATH
$401M
| $3.9M | ﹤0.01% |
41,670
-399
| -0.9% | -$40.1K |
|
2402
Hamilton Insurance Group
HG
$3.51B
| $3.89M | ﹤0.01% |
139,279
+68,143
| +96% | +$1.77M |
|
2403
Northern Trust
NTRS
$34.2B
| $3.88M | ﹤0.01% |
28,442
-1,760
| -6% | -$231K |
|
2404
Inovio Pharmaceuticals
INO
$133M
| $3.88M | ﹤0.01% |
2,231,811
+1,425,069
| +177% | +$3.14M |
|
2405
Kontoor Brands
KTB
$4.24B
| $3.88M | ﹤0.01% |
63,433
-7,582
| -11% | -$563K |
|
|
TBI
2406
Trueblue
TBI
$329M
| $3.87M | ﹤0.01% |
851,422
-223,119
| -21% | -$1.14M |
|
2407
CALL
Globalstar
GSAT
$10.6B
| $3.87M | ﹤0.01% |
+63,400
| New | +$3.5M |
|
|
ECG
2408
Everus Construction Group
ECG
$6.08B
| $3.87M | ﹤0.01% |
45,214
+28,969
| +178% | +$2.59M |
|
2409
Scholastic
SCHL
$737M
| $3.86M | ﹤0.01% |
130,171
-16,710
| -11% | -$479K |
|
|
ECHO
2410
EchoStar
ECHO
$25.1B
| $3.85M | ﹤0.01% |
35,463
-636,079
| -95% | -$51.8M |
|
2411
Norwegian Cruise Line
NCLH
$7.75B
| $3.85M | ﹤0.01% |
+172,642
| New | +$3.65M |
|
|
SOBO
2412
PUT
South Bow Corp
SOBO
$7.81B
| $3.85M | ﹤0.01% |
140,000
| – | – |
|
2413
iShares MSCI Australia ETF
EWA
$1.35B
| $3.85M | ﹤0.01% |
146,883
+130,799
| +813% | +$3.46M |
|
|
NOA
2414
North American Construction
NOA
$361M
| $3.85M | ﹤0.01% |
267,100
+250,900
| +1,549% | +$3.57M |
|
2415
Stepan Co
SCL
$1.43B
| $3.84M | ﹤0.01% |
81,130
+46,657
| +135% | +$2.14M |
|
2416
Excelerate Energy
EE
$1.26B
| $3.84M | ﹤0.01% |
136,904
-92,914
| -40% | -$2.51M |
|
2417
Global Industrial
GIC
$1.52B
| $3.84M | ﹤0.01% |
131,252
+1,155
| +0.9% | +$35.2K |
|
2418
PUT
Concentrix
CNXC
$1.73B
| $3.83M | ﹤0.01% |
92,200
+26,200
| +40% | +$1.06M |
|
2419
CALL
Equinix
EQIX
$106B
| $3.83M | ﹤0.01% |
5,000
| – | – |
|
|
2420
PUT
Equinix
EQIX
$106B
| $3.83M | ﹤0.01% |
5,000
| – | – |
|
|
RAL
2421
Ralliant Corp
RAL
$6.97B
| $3.83M | ﹤0.01% |
75,148
+45,074
| +150% | +$2.11M |
|
2422
PUT
Thermo Fisher Scientific
TMO
$231B
| $3.82M | ﹤0.01% |
6,600
-8,600
| -57% | -$4.86M |
|
2423
CALL
Northrop Grumman
NOC
$77.3B
| $3.82M | ﹤0.01% |
6,700
| – | – |
|
2424
CALL
GigaCloud Technology
GCT
$1.85B
| $3.81M | ﹤0.01% |
97,100
-13,600
| -12% | -$450K |
|
2425
CALL
Evercore
EVR
$11.1B
| $3.81M | ﹤0.01% |
11,200
+4,000
| +56% | +$1.29M |
|
Similar funds
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.