D.E. Shaw & Co
D.E. Shaw & Co., founded by David E. Shaw, is a global investment and technology development firm with a strong reputation in quantitative and computational finance. The firm manages approximately $166.31 billion in assets, employing a systematic, quantitative approach to investment, which involves the use of complex mathematical models to drive investment decisions. Their strategy integrates both macroeconomic and fundamental analysis to manage a diverse range of investment funds.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings β not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares β not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with β₯$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| NVDA | $2.56B | 1.54% | $174.40 | $196.28 | +12.6% | 1.5% | |
| MSFT | $2.28B | 1.37% | $369.37 | $389.63 | +5.5% | 1.4% | |
| AVGO | $2.02B | 1.21% | $309.02 | $368.30 | +19.2% | 1.2% | |
| GOOGL | $1.97B | 1.19% | $287.39 | $368.78 | +28.3% | 1.2% | |
| AAPL | $1.77B | 1.07% | $253.56 | $311.72 | +22.9% | 1.1% | |
| TSLA | $1.62B | 0.97% | $371.75 | $402.40 | +8.2% | 1.0% | |
| BSX | $1.53B | 0.92% | $62.75 | $45.17 | -28.0% | 0.9% | |
| GOOG | $1.43B | 0.86% | $286.69 | $365.52 | +27.5% | 0.9% | |
| HD | $1.24B | 0.74% | $328.89 | $345.57 | +5.1% | 0.7% | |
| MU | $1.24B | 0.74% | $337.79 | $911.45 | +169.8% | 0.7% | |
| $1.09B | 0.66% | β | β | 0.7% | |||
| META | $1.08B | 0.65% | $571.60 | $616.94 | +7.9% | 0.7% | |
| TSM | $1.03B | 0.62% | $337.16 | $429.74 | +27.5% | 0.6% | |
| JPM | $1.02B | 0.61% | $291.35 | $338.56 | +16.2% | 0.6% | |
| AMZN | $985.4M | 0.59% | $208.27 | $245.46 | +17.9% | 0.6% | |
| TGT | $957.6M | 0.58% | $120.07 | $127.16 | +5.9% | 0.6% | |
| INSM | $919.9M | 0.55% | $163.52 | $112.36 | -31.3% | 0.6% | |
| GM | $917.7M | 0.55% | $74.34 | $76.13 | +2.4% | 0.6% | |
| COST | $882.0M | 0.53% | $994.99 | $949.34 | -4.6% | 0.5% | |
| TXN | $833.3M | 0.50% | $193.16 | $291.52 | +50.9% | 0.5% | |
| $805.4M | 0.48% | β | β | 0.5% | |||
| AMD | $783.9M | 0.47% | $203.43 | $511.49 | +151.4% | 0.5% | |
| MMM | $768.5M | 0.46% | $144.48 | $157.26 | +8.8% | 0.5% | |
| ROST | $766.9M | 0.46% | $216.21 | $213.09 | -1.4% | 0.5% | |
| INTC | $748.3M | 0.45% | $44.13 | $108.55 | +146.0% | 0.5% | |
| SNDK | $745.2M | 0.45% | $635.34 | $1557.68 | +145.2% | 0.5% | |
| SAP | $728.8M | 0.44% | $168.28 | $163.29 | -3.0% | 0.4% | |
| WDC | $727.1M | 0.44% | $270.42 | $525.40 | +94.3% | 0.4% | |
| CRWD | $708.4M | 0.43% | $97.60 | $195.48 | +100.3% | 0.4% | |
| NVDAPUT | $707.7M | 0.43% | $174.40 | $196.28 | +12.6% | 0.4% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| QQQCALL | $432.9M | |
| $398.7M | ||
| BKLNPUT | $204.1M | |
| $202.7M | ||
| NEEPRV | $122.0M | |
| ORCLPRD | $111.0M | |
| $106.5M | ||
| SOXX | $106.0M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| IVV | $804.8M | |
| NXPI | $214.7M | |
| $210.8M | ||
| $177.0M | ||
| MCHP | $152.3M | |
| $130.0M | ||
| $125.1M | ||
| $114.5M |
Increased (8)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| INSMPUT | $919.7M | +351514.1% | -31.3% | |
| TRGP | $608.5M | +151651.6% | ||
| CDNS | $255.9M | +131570.0% | ||
| MMMCALL | $767.5M | +82583.0% | +8.8% | |
| VRSKPUT | $227.4M | +74926.2% | ||
| ICLRCALL | $132.3M | +74809.7% | ||
| AXPCALL | $598.5M | +65977.9% | ||
| SAPPUT | $727.1M | +61590.9% | -3.0% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| MSIPUT | $-503.9M | -99.9% | ||
| INSMPUT | $-756.4M | -99.9% | -31.3% | |
| ISRGCALL | $-738.9M | -99.9% | ||
| PTONCALL | $-105.5M | -99.9% | ||
| VRSKPUT | $-688.4M | -99.9% | ||
| SCHWCALL | $-792.4M | -99.9% | ||
| AURCALL | $-132.0M | -99.8% | ||
| MSIPUT | $-503.1M | -99.8% |
Quarter Activity
During the quarter, D.E. Shaw & Co. initiated notable new positions in QQQ and BKLN, with investments totaling $433 million and $204 million respectively. The fund also exited significant positions in IVV and NXPI, which had previously accounted for $805 million and $215 million of the portfolio. Additionally, there were substantial increases in holdings of INSM and TRGP, while there were notable reductions in MSI and ISRG, each by $100 million.
AI Commentary
<p>D.E. Shaw & Co's current portfolio showcases a strong emphasis on technology and semiconductor sectors, with its top holdings including NVIDIA CORPORATION (NVDA) at $2,565M (1.5% of AUM), MICROSOFT CORP (MSFT) at $2,283M (1.4%), and BROADCOM INC (AVGO) at $2,020M (1.2%). Other significant investments are in major tech firms like ALPHABET INC (GOOGL and GOOG) and APPLE INC (AAPL), indicating a concentrated bet on high-tech industry leaders. This sector focus is complemented by positions in TESLA INC (TSLA) and MICRON TECHNOLOGY INC (MU), further underscoring the fund's conviction in technology-driven growth.</p> <p>The recent portfolio adjustments signal a strategic shift in D.E. Shaw & Co's investment thesis. The closure of substantial positions in IVV ($805M) and NXPI ($215M) alongside the opening of new positions in QQQ ($433M) and BKLN ($204M) suggests a pivot towards more diversified or sector-specific exchange-traded funds (ETFs) and possibly a move to adjust exposure to interest rate or credit risks. The dramatic percentage changes in holdings such as INSM and TRGP, with increases over 100,000%, alongside complete exits from stocks like MSI and ISRG, indicate aggressive rebalancing and possibly a response to changing market conditions or sector outlooks.</p>