13F filer · CIK 1009207 ↗
D. E. Shaw
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$112.35B
−18% on the quarter before
Positions
4,198
594 new · 744 sold out
Top 10
11.0%
of the value
Est. gain
−$3.36B
on stocks held all quarter
Est. return
−5.6%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, from D. E. Shaw's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 18% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- GE Vernova~$600.7MAdded · 0.0% → 0.6%+1,967,775 shares
- Walt Disney Company (The)~$509.7MAdded · 0.1% → 0.6%+5,164,437 shares
- Palantir~$501.8MAdded · 0.1% → 0.6%+5,946,019 shares
- Select Sector SPDR Tr~$489.9MAdded · 0.1% → 0.5%+9,836,014 shares
- TSMC~$396.5MAdded · 0.1% → 0.4%+2,388,505 shares
- Unitedhealth Group Inc~$390.8MAdded · 0.0% → 0.4%+746,129 shares
- Schwab Charles Corp~$384.8MAdded · 0.2% → 0.6%+4,915,834 shares
- Costco Whsl Corp New~$343.7MAdded · 0.1% → 0.4%+363,451 shares
- Intuit~$343.7MAdded · 0.4% → 0.8%+559,841 shares
- Boston Scientific Corp~$310.3MAdded · 0.1% → 0.3%+3,075,641 shares
Largest sells
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Boeing Co~$966.9MCut · 0.7% → 0.0%−5,669,196 shares
- Ishares Tr~$951.4MSold out · 0.7% → 0.0%−1,616,083 shares
- SPDR S&P 500 ETF Tr~$567.3MCut · 2.9% → 2.9%−1,014,156 shares
- Eli Lilly~$551.2MCut · 0.7% → 0.4%−667,437 shares
- Gallagher Arthur J & Co~$499.1MSold out · 0.4% → 0.0%−1,758,166 shares
- Citigroup IncPUT~$424.9MCut · 0.4% → 0.2%−5,985,900 underlying
- MetaPUT~$423.6MCut · 0.5% → 0.2%−734,900 underlying
- Nextera Energy Inc~$422.0MCut · 0.3% → 0.0%−5,953,344 shares
- AppleCALL~$402.4MCut · 0.6% → 0.3%−1,811,700 underlying
- Netflix~$388.6MCut · 0.5% → 0.3%−416,679 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrTR UNIT · shares −15% · price −4.6% | 2.9% | $3.22B | −$153.9M | ||||||||
| MicrosoftCOM · shares −4.3% · price −10.9% | 1.6% | $1.81B | −$222.8M | ||||||||
| NvidiaCOM · shares +19% · price −19.3% | 1.2% | $1.32B | −$264.7M | ||||||||
| AppleCOM · shares −5.7% · price −11.3% | 1.1% | $1.26B | −$160.9M | ||||||||
| IntuitCOM · shares +59% · price −2.3% | 0.83% | $928.4M | −$13.8M | ||||||||
| Merck & Co IncCOM · shares +46% · price −9.8% | 0.74% | $835.8M | −$62.0M | ||||||||
| AmazonCOM · shares −5.6% · price −13.3% | 0.71% | $798.0M | −$122.2M | ||||||||
| Booking Holdings IncCOM · shares −1.8% · price −7.3% | 0.70% | $790.9M | −$62.1M | ||||||||
| PalantirCL A · shares +296% · price +11.6% | 0.60% | $671.5M | +$17.6M | ||||||||
| MetaCL A · shares −17% · price −1.6% | 0.60% | $669.8M | −$10.6M | ||||||||
| Walt Disney Company (The)COM · shares +345% · price −11.4% | 0.59% | $657.4M | −$18.9M | ||||||||
| GE VernovaCOM · shares +1,242% · price −7.2% | 0.58% | $649.1M | −$3.7M | ||||||||
| Schwab Charles CorpCOM · shares +164% · price +5.8% | 0.55% | $619.8M | +$12.8M | ||||||||
| Select Sector SPDR TrFINANCIAL · shares +391% · price +3.1% | 0.55% | $615.4M | +$3.7M | ||||||||
| BroadcomCOM · shares +73% · price −27.8% | 0.54% | $610.4M | −$135.6M | ||||||||
| Hess CorpCOM · shares −0.09% · price +20.1% | 0.54% | $609.2M | +$101.9M | ||||||||
| AlphabetCAP STK CL A · shares +37% · price −18.3% | 0.52% | $582.9M | −$95.2M | ||||||||
| RobinhoodCOM CL A · shares +61% · price +11.7% | 0.47% | $526.7M | +$34.2M | ||||||||
| Danaher CorporationCOM · shares +21% · price −10.7% | 0.47% | $522.7M | −$51.9M | ||||||||
| AdobeCOM · shares +146% · price −13.8% | 0.45% | $510.5M | −$33.1M | ||||||||
| TSMCSPONSORED ADS · shares +374% · price −15.9% | 0.45% | $502.6M | −$20.1M | ||||||||
| TeslaPUTCOM · shares −24% | 0.42% | $476.0M | — | ||||||||
| Eli LillyCOM · shares −54% · price +7.0% | 0.42% | $473.5M | +$30.9M | ||||||||
| Applied MaterialsCOM · shares +47% · price −10.8% | 0.42% | $470.9M | −$38.8M | ||||||||
| TeslaCOM · shares −43% · price −35.8% | 0.42% | $468.9M | −$261.8M | ||||||||
| Total · 4,198 positions | 100% | $112.35B | −$3.36B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2024 to Q1 2025: 2,480 stocks held throughout, down $3.36B (−5.6%).
- IonQ76:1 split+$170.5M+3,916%
- Hess Corp+$101.9M+20%
- Shell Plc+$64.8M+17%
- Amgen Inc+$64.2M+20%
- Xpeng Inc+$59.0M+75%
- Reddit Inc−$173.6M−36%
- Astera Labs−$178.1M−55%
- Microsoft−$222.8M−11%
- Tesla−$261.8M−36%
- Nvidia−$264.7M−19%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 11 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $210.20B+26% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $166.31B−9% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $182.42B+3% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $177.16B+26% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $141.06B+26% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $112.35B−18% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $136.27B+17% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $116.49B+9% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $106.92B−8% | SEC ↗ |
| Q1 2024 | May 15, 2024 (amended) | $116.85B+2% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 (amended) | $114.44B+19% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $95.78B−2% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $97.90B+5% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $93.41B+3% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $90.48B+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $83.73B−2% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $85.30B−20% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $106.83B−11% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $120.60B+9% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $110.81B−4% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $115.86B+12% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $103.59B−7% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $111.85B+14% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $97.71B+16% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $83.95B+31% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $64.09B−27% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $87.45B+8% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $81.21B+1% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $80.19B+4% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $77.39B+7% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $72.58B−13% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $83.24B+9% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $76.66B+4% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $73.46B+1% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $72.62B+12% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $65.09B+8% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $60.46B+6% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $56.89B−3% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $58.87B+4% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $56.68B+5% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $54.23B−3% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $55.73B | SEC ↗ |