13F filer · CIK 1009207 ↗
D. E. Shaw
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$141.06B
+26% on the quarter before
Positions
4,306
689 new · 581 sold out
Top 10
12.2%
of the value
Est. gain
+$5.86B
on stocks held all quarter
Est. return
+10.5%
on those stocks since Q1 2025
Positions as of Jun 30, 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, 20% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2025. Striped tiles are options.
Largest buys
Since Q1 2025, 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.
- Nvidia~$1.29BAdded · 1.2% → 2.3%+8,136,711 shares
- Apple~$1.22BAdded · 1.1% → 1.7%+5,931,449 shares
- T-Mobile Us Inc~$889.0MAdded · 0.1% → 0.7%+3,731,393 shares
- Micron~$886.6MAdded · 0.0% → 0.6%+7,193,284 shares
- Netflix~$828.4MAdded · 0.3% → 0.9%+618,574 shares
- Ge Aerospace~$691.8MAdded · 0.2% → 0.7%+2,687,564 shares
- Zscaler~$590.2MAdded · 0.0% → 0.4%+1,879,992 shares
- Ishares TrPUT~$577.2MNew · 0.0% → 0.4%+2,675,000 underlying
- AppLovin~$570.8MAdded · 0.1% → 0.5%+1,630,363 shares
- Carvana Co~$491.5MAdded · 0.2% → 0.6%+1,458,558 shares
Largest sells
Since Q1 2025, 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~$975.9MCut · 0.6% → 0.1%−1,844,345 shares
- Schwab Charles Corp~$582.4MCut · 0.6% → 0.1%−6,383,046 shares
- TSMC~$572.1MCut · 0.4% → 0.1%−2,525,980 shares
- Microsoft~$564.2MCut · 1.6% → 1.3%−1,134,255 shares
- Intuit~$549.7MCut · 0.8% → 0.5%−697,882 shares
- Applied Materials~$464.6MCut · 0.4% → 0.1%−2,537,867 shares
- Broadcom~$393.6MCut · 0.5% → 0.4%−1,428,079 shares
- Costco Whsl Corp New~$356.7MCut · 0.4% → 0.1%−360,324 shares
- Cisco~$337.2MCut · 0.3% → 0.1%−4,859,630 shares
- Adobe~$327.2MCut · 0.5% → 0.1%−845,697 shares
Holdings
As of Jun 30, 2025. Changes are in shares against Mar 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrTR UNIT · shares +3.3% · price +10.5% | 2.6% | $3.68B | +$337.0M | ||||||||
| NvidiaCOM · shares +67% · price +45.8% | 2.3% | $3.21B | +$604.6M | ||||||||
| AppleCOM · shares +104% · price −7.6% | 1.7% | $2.38B | −$96.5M | ||||||||
| MicrosoftCOM · shares −23% · price +32.5% | 1.3% | $1.84B | +$451.1M | ||||||||
| NetflixCOM · shares +187% · price +43.6% | 0.90% | $1.27B | +$134.3M | ||||||||
| PalantirCL A · shares −1.8% · price +61.5% | 0.76% | $1.07B | +$405.9M | ||||||||
| Ge AerospaceCOM NEW · shares +255% · price +28.6% | 0.68% | $962.6M | +$60.2M | ||||||||
| T-Mobile Us IncCOM · shares +1,336% · price −10.7% | 0.68% | $955.6M | −$7.9M | ||||||||
| NvidiaCALLCOM · shares +108% | 0.64% | $907.7M | — | ||||||||
| MicronCOM · shares +4,427% · price +41.8% | 0.64% | $906.6M | +$5.9M | ||||||||
| NvidiaPUTCOM · shares +40% | 0.62% | $879.8M | — | ||||||||
| Carvana CoCL A · shares +133% · price +61.2% | 0.61% | $862.1M | +$140.7M | ||||||||
| AmazonCOM · shares −7.2% · price +15.3% | 0.61% | $853.9M | +$113.4M | ||||||||
| Merck & Co IncCOM · shares +11% · price −11.8% | 0.58% | $820.7M | −$98.7M | ||||||||
| Select Sector SPDR TrFINANCIAL · shares +26% · price +5.1% | 0.58% | $817.9M | +$31.6M | ||||||||
| TeslaPUTCOM · shares +39% | 0.57% | $809.1M | — | ||||||||
| Booking Holdings IncCOM · shares −20% · price +25.7% | 0.57% | $800.0M | +$163.4M | ||||||||
| Walt Disney Company (The)COM · shares −6.7% · price +25.6% | 0.55% | $770.8M | +$157.3M | ||||||||
| Boston Scientific CorpCOM · shares +76% · price +6.5% | 0.51% | $725.6M | +$25.1M | ||||||||
| AppLovinCOM CL A · shares +693% · price +32.1% | 0.46% | $653.2M | +$20.0M | ||||||||
| IntuitCOM · shares −46% · price +28.3% | 0.45% | $641.3M | +$141.4M | ||||||||
| BroadcomCOM · shares −39% · price +64.6% | 0.43% | $611.3M | +$240.0M | ||||||||
| AMDPUTCOM · shares −5.0% | 0.43% | $600.6M | — | ||||||||
| MastercardCL A · shares +58% · price +2.5% | 0.42% | $598.8M | +$9.3M | ||||||||
| MetaCL A · shares −31% · price +28.1% | 0.42% | $592.0M | +$129.7M | ||||||||
| Total · 4,306 positions | 100% | $141.06B | +$5.86B |
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 Q1 2025 to Q2 2025: 2,522 stocks held throughout, up $5.86B (+10.5%).
- Nvidia+$604.6M+46%
- Microsoft+$451.1M+33%
- Palantir+$405.9M+62%
- SPDR S&P 500 ETF Tr+$337.0M+10%
- Broadcom+$240.0M+65%
- Hess Corp−$80.6M−13%
- Apple−$96.5M−8%
- Merck & Co Inc−$98.7M−12%
- Unitedhealth Group Inc−$130.1M−40%
- Robinhood1:7 split−$355.7M−68%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 20 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 ↗ |