D. E. Shaw & Co., Inc.

Quant stat arb Low signal CIK 1009207
League rank
#32
in Quant stat arb · #876 overall
Long book
$118.98B
Q1 2026
Positions
3102
Top-10 weight
15%
concentration
Last quarter
+17.7%
SPY +14.8%
Turnover
24%
of book per quarter

Strategy in plain words

auto-generated from filings

D. E. Shaw & Co., Inc. is a quantitative fund whose holdings reflect models, not opinions, running a $118.98B US long book across 3102 positions.

The portfolio is broadly diversified across 3102 positions (top 10 only 15%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, BROADCOM INC, ALPHABET INC-CL A, APPLE INC.

Over the last 9 quarters its long book ran on average 1.1pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+7.1%
Q3 2024
+4.0%
Q4 2024
-5.4%
Q1 2025
+14.0%
Q2 2025
+9.9%
Q3 2025
+2.9%
Q4 2025
-3.1%
Q1 2026
+17.7%

Sector allocation

Technology
29%
Industrials
13%
Financials
12%
Healthcare
11%
Consumer discretionary
10%
Services media
6%
Other
4%
Materials
4%

Long book by quarter

$72.52B
Q1 2024
$65.92B
Q2 2024
$70.82B
Q3 2024
$85.10B
Q4 2024
$79.13B
Q1 2025
$94.66B
Q2 2025
$116.71B
Q3 2025
$123.89B
Q4 2025
$118.98B
Q1 2026

What does D. E. own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology14.7M$2.56B2.2%-36.9%
MSFT MICROSOFT CORPTechnology6.2M$2.28B1.9%-10.2%
AVGO BROADCOM INCTechnology6.5M$2.02B1.7%+127.0%
GOOGL ALPHABET INC-CL ATechnology6.9M$1.97B1.7%+76.5%
AAPL APPLE INCTechnology7.0M$1.77B1.5%+28.5%
TSLA TESLA INCIndustrials4.4M$1.62B1.4%+87.5%
BSX BOSTON SCIENTIFIC CORPHealthcare24.3M$1.53B1.3%+116.1%
GOOG ALPHABET INC-CL CTechnology5.0M$1.43B1.2%+143.6%
HD HOME DEPOT INCConsumer discretionary3.8M$1.24B1.0%+49.6%
MU MICRON TECHNOLOGY INCTechnology3.7M$1.24B1.0%+9.4%
META META PLATFORMS INC-CLASS ATechnology1.9M$1.08B0.9%+75.6%
JPM JPMORGAN CHASE & COFinancials3.5M$1.02B0.9%+724.8%
AMZN AMAZON.COM INCConsumer discretionary4.7M$985.4M0.8%-22.0%
TGT TARGET CORPConsumer discretionary7.9M$957.6M0.8%+851.2%
INSM INSMED INCHealthcare5.6M$919.9M0.8%+29.3%
GM GENERAL MOTORS COIndustrials12.3M$917.7M0.8%-1.4%
COST COSTCO WHOLESALE CORPConsumer discretionary885.2K$882.0M0.7%-4.2%
TXN TEXAS INSTRUMENTS INCTechnology4.3M$833.3M0.7%-42.7%
AMD ADVANCED MICRO DEVICESTechnology3.9M$783.9M0.7%-46.0%
MMM 3M COHealthcare5.3M$768.5M0.6%+200.4%
ROST ROSS STORES INCConsumer discretionary3.5M$766.9M0.6%-3.9%
INTC INTEL CORPTechnology17.0M$748.3M0.6%+182.2%
SNDK SANDISK CORPTechnology1.2M$745.2M0.6%-44.0%
WDC WESTERN DIGITAL CORPTechnology2.7M$727.1M0.6%-52.8%
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology1.8M$708.4M0.6%+4133.3%
V VISA INC-CLASS A SHARESServices media2.3M$692.1M0.6%+11.8%
SOFI SOFI TECHNOLOGIES INCFinancials42.7M$678.4M0.6%+10.3%
T AT&T INCCommunications22.5M$653.0M0.5%-24.9%
NSC NORFOLK SOUTHERN CORPIndustrials2.3M$649.6M0.5%-0.7%
BKNG BOOKING HOLDINGS INCIndustrials146.6K$617.4M0.5%-33.2%
TRGP TARGA RESOURCES CORPUtilities2.4M$608.8M0.5%-13.1%
C CITIGROUP INCFinancials5.3M$603.7M0.5%+420.1%
AXP AMERICAN EXPRESS COFinancials2.0M$599.6M0.5%+4253.2%
LLY ELI LILLY & COHealthcare637.4K$586.2M0.5%+52.1%
LMT LOCKHEED MARTIN CORPIndustrials965.6K$583.6M0.5%-28.0%
BE BLOOM ENERGY CORP- AIndustrials4.2M$570.3M0.5%-52.2%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology3.9M$570.3M0.5%-60.2%
MA MASTERCARD INC - AServices media1.1M$567.7M0.5%+253.5%
ASML ASML HOLDING NV-NY REG SHSIndustrials415.6K$548.9M0.5%+593.7%
ABT ABBOTT LABORATORIESHealthcare5.3M$542.1M0.5%+290.2%
FCX FREEPORT-MCMORAN INCMaterials9.1M$537.8M0.5%-29.0%
LNG CHENIERE ENERGY INCUtilities1.8M$505.9M0.4%-4.9%
STXN SEAGATE TECHNOLOGY HOLDINGS1.3M$505.2M0.4%+61.9%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary1.5M$476.5M0.4%+6.3%
TEL TE CONNECTIVITY PLCConsumer discretionary2.3M$472.1M0.4%+149.8%
GE GENERAL ELECTRICIndustrials1.6M$467.9M0.4%+178.3%
LVS LAS VEGAS SANDS CORPServices media8.5M$460.0M0.4%+71.5%
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary14.4M$459.5M0.4%+218.9%
KVUE KENVUE INCOther26.3M$453.1M0.4%-0.6%
BX BLACKSTONE INCFinancials3.8M$434.9M0.4%+11912.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20265804$166.31B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20265839$182.42B canonicalSEC ↗
Q3 202513F-HRNov 14, 20255726$177.16B canonicalSEC ↗
Q2 202513F-HRAug 14, 20255528$141.06B canonicalSEC ↗
Q1 202513F-HRMay 15, 20255466$112.35B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20255526$136.27B canonicalSEC ↗
Q3 202413F-HRNov 14, 20245681$116.49B canonicalSEC ↗
Q2 202413F-HRAug 14, 20245631$106.92B canonicalSEC ↗
Q1 202413F-HR/ANEW HOLDINGSNov 14, 20241$17K canonicalSEC ↗
Q1 202413F-HRMay 15, 20245519$116.85B canonicalSEC ↗