D. E. Shaw & Co. 13F, Q4 2025
D. E. Shaw · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1009207
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1,390 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2025
The 25 largest of 3,168 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $4.35B | 3.3% | -9% shares |
| SPDR S&P 500 ETF TR | SPY | $3.71B | 2.8% | +64% shares |
| MICROSOFT CORP | MSFT | $3.32B | 2.5% | -8% shares |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.74B | 1.3% | +6% shares |
| ADVANCED MICRO DEVICES INC | AMD | $1.53B | 1.2% | +1917% shares |
| APPLE INC | AAPL | $1.48B | 1.1% | -6% shares |
| AMAZON COM INC | AMZN | $1.40B | 1.1% | +87% shares |
| TEXAS INSTRS INC | TXN | $1.30B | 1.0% | +93% shares |
| ALPHABET INC | GOOGL | $1.22B | 0.9% | +22% shares |
| BOOKING HOLDINGS INC | BKNG | $1.17B | 0.9% | +67% shares |
| NETFLIX INC | NFLX | $1.09B | 0.8% | +1381% shares |
| BOSTON SCIENTIFIC CORP | BSX | $1.07B | 0.8% | +26% shares |
| TESLA INC | TSLA | $1.04B | 0.8% | +69% shares |
| GENERAL MTRS CO | GM | $1.02B | 0.8% | +29% shares |
| SOFI TECHNOLOGIES INC | SOFI | $1.01B | 0.8% | +11% shares |
| BROADCOM INC | AVGO | $995.33M | 0.8% | -50% shares |
| WESTERN DIGITAL CORP | WDC | $982.17M | 0.8% | -41% shares |
| MICRON TECHNOLOGY INC | MU | $954.02M | 0.7% | -63% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $896.91M | 0.7% | +76% shares |
| HOME DEPOT INC | HD | $864.74M | 0.7% | +191% shares |
| ISHARES TR | IVV | $804.80M | 0.6% | new |
| COSTCO WHSL CORP NEW | COST | $796.55M | 0.6% | +98% shares |
| SCHWAB CHARLES CORP | SCHW | $793.49M | 0.6% | +4% shares |
| BLOOM ENERGY CORP | BE | $764.48M | 0.6% | -26% shares |
| INSMED INC | INSM | $757.25M | 0.6% | -23% shares |
What changed since Q3 2025
Against the Q3 2025 filing, D. E. Shaw & Co. opened 466 new positions, added to 1,254, trimmed 1,058, left 390 unchanged and exited 420. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- IVV$804.80M
- MSTR 0 12/01/29$342.36M
- Q$292.65M
- EATON CORP PLC$173.16M
- LYV 3.125 01/15/29$125.07M
- LLYVK$97.20M
- XBI$89.96M
- ALCON AG$84.89M
and 458 more
Exited
- VCSHwas $498.85M
- KELLANOVAwas $440.22M
- SEA LTDwas $333.76M
- BLOOM ENERGY CORPwas $220.94M
- GDXwas $174.36M
- SPIBwas $170.61M
- CHART INDS INCwas $122.88M
- LIBERTY MEDIA CORP DELwas $105.75M
and 412 more
Other quarters
Source: SEC Form 13F-HR, accession 0001104659-26-016332, filed by D. E. Shaw & Co., Inc.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.