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 | |
|---|---|---|---|---|---|---|
2426
Lakeland Financial Corp
LKFN
$1.47B
| $3.42M | ﹤0.01% |
53,306
-14,807
| -22% | -$961K |
|
2427
Teva Pharmaceuticals
TEVA
$43.8B
| $3.42M | ﹤0.01% |
169,167
+47,346
| +39% | +$832K |
|
2428
PUT
FTAI Aviation
FTAI
$20.5B
| $3.4M | ﹤0.01% |
20,400
-35,900
| -64% | -$5.11M |
|
|
LPRO
2429
DELISTED
Open Lending Corp
LPRO
| $3.4M | ﹤0.01% |
1,613,035
+125,397
| +8% | +$283K |
|
2430
CALL
Best Buy
BBY
$17.6B
| $3.4M | ﹤0.01% |
44,900
+35,000
| +354% | +$2.51M |
|
2431
Cactus
WHD
$4.78B
| $3.39M | ﹤0.01% |
+85,940
| New | +$3.61M |
|
2432
PUT
Phillips 66
PSX
$95.7B
| $3.39M | ﹤0.01% |
24,900
-100
| -0.4% | -$12.8K |
|
|
2433
PUT
Teva Pharmaceuticals
TEVA
$43.8B
| $3.38M | ﹤0.01% |
167,300
+19,800
| +13% | +$348K |
|
2434
Backblaze
BLZE
$943M
| $3.38M | ﹤0.01% |
363,951
+321,679
| +761% | +$2.36M |
|
2435
Workiva
WK
$4.22B
| $3.38M | ﹤0.01% |
39,230
+2,262
| +6% | +$170K |
|
2436
Amkor Technology
AMKR
$12.9B
| $3.38M | ﹤0.01% |
118,900
-1,218,833
| -91% | -$29.3M |
|
2437
CALL
DexCom
DXCM
$33.7B
| $3.36M | ﹤0.01% |
+50,000
| New | +$3.96M |
|
2438
PUT
C3.ai
AI
$1.61B
| $3.35M | ﹤0.01% |
193,300
-55,000
| -22% | -$1.15M |
|
2439
Hilltop Holdings
HTH
$2.21B
| $3.34M | ﹤0.01% |
100,053
-96,592
| -49% | -$3.15M |
|
|
PGAC
2440
Pantages Capital Acquisition Corp
PGAC
| $3.34M | ﹤0.01% |
325,000
| – | – |
|
2441
PUT
FMC
FMC
$1.33B
| $3.34M | ﹤0.01% |
99,200
-26,800
| -21% | -$1.05M |
|
|
DAY
2442
DELISTED
Dayforce
DAY
| $3.33M | ﹤0.01% |
48,328
-48,169
| -50% | -$3M |
|
2443
Citi Trends
CTRN
$572M
| $3.32M | ﹤0.01% |
107,153
+7,582
| +8% | +$245K |
|
2444
Cognex
CGNX
$10.6B
| $3.32M | ﹤0.01% |
73,379
-1,301,165
| -95% | -$52.6M |
|
2445
NVR
NVR
$17B
| $3.32M | ﹤0.01% |
413
-126
| -23% | -$1M |
|
2446
CALL
Carpenter Technology
CRS
$24.3B
| $3.31M | ﹤0.01% |
13,500
-7,200
| -35% | -$1.84M |
|
2447
CALL
AES
AES
$10.5B
| $3.31M | ﹤0.01% |
251,700
-53,700
| -18% | -$697K |
|
2448
Archer Aviation Redeemable Warrants
ACHR.WS
$7.68M
| $3.3M | ﹤0.01% |
1,507,382
| – | – |
|
|
LGN
2449
Legence Corp
LGN
$4.43B
| $3.3M | ﹤0.01% |
+107,000
| New | +$3.37M |
|
2450
CALL
Bunge Global
BG
$21.4B
| $3.29M | ﹤0.01% |
40,500
-44,900
| -53% | -$3.6M |
|
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.