13F filer · CIK 1009207 ↗
D. E. Shaw
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$177.16B
+26% on the quarter before
Positions
4,509
746 new · 543 sold out
Top 10
13.5%
of the value
Est. gain
+$6.68B
on stocks held all quarter
Est. return
+9.7%
on those stocks since Q2 2025
Positions as of Sep 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, 21% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2025. Striped tiles are options.
Largest buys
Since Q2 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.
- Invesco Qqq TrPUT~$3.75BNew · 0.0% → 2.1%+6,240,000 underlying
- Microsoft~$1.93BAdded · 1.3% → 2.2%+3,726,210 shares
- Broadcom~$1.15BAdded · 0.4% → 1.1%+3,472,001 shares
- Nvidia~$972.0MAdded · 2.3% → 2.7%+5,209,295 shares
- Meta~$849.5MAdded · 0.4% → 0.8%+1,156,783 shares
- Western Digital~$806.6MAdded · 0.1% → 0.7%+6,718,155 shares
- Adobe~$629.3MAdded · 0.1% → 0.5%+1,784,062 shares
- Intuitive Surgical~$620.8MAdded · 0.2% → 0.5%+1,388,122 shares
- Schwab Charles Corp~$585.2MAdded · 0.1% → 0.4%+6,130,162 shares
- Fiserv Inc~$553.7MAdded · 0.3% → 0.5%+4,294,690 shares
Largest sells
Since Q2 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.
- SPDR S&P 500 ETF Tr~$1.75BCut · 2.6% → 1.3%−2,627,291 shares
- Apple~$1.48BCut · 1.7% → 0.8%−5,806,231 shares
- AppLovin~$987.7MCut · 0.5% → 0.2%−1,374,530 shares
- Select Sector SPDR Tr~$801.9MCut · 0.6% → 0.0%−14,885,802 shares
- Ge Aerospace~$718.8MCut · 0.7% → 0.2%−2,389,442 shares
- Thermo Fisher Scientific Inc~$611.9MCut · 0.4% → 0.0%−1,261,516 shares
- Merck & Co Inc~$579.1MCut · 0.6% → 0.2%−6,899,937 shares
- Ishares TrPUT~$577.2MSold out · 0.4% → 0.0%−2,675,000 underlying
- AlibabaCALL~$547.4MCut · 0.3% → 0.1%−3,062,600 underlying
- Alibaba~$541.4MCut · 0.4% → 0.1%−3,029,297 shares
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares +26% · price +18.1% | 2.7% | $4.76B | +$581.1M | ||||||||
| MicrosoftCOM · shares +101% · price +4.1% | 2.2% | $3.84B | +$75.9M | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares New | 2.1% | $3.75B | — | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares −44% · price +7.8% | 1.3% | $2.22B | +$160.8M | ||||||||
| BroadcomCOM · shares +157% · price +19.7% | 1.1% | $1.88B | +$120.3M | ||||||||
| PalantirCL A · shares +18% · price +33.8% | 0.95% | $1.69B | +$360.4M | ||||||||
| MicronCOM · shares +23% · price +35.8% | 0.85% | $1.51B | +$324.2M | ||||||||
| AppleCOM · shares −50% · price +24.1% | 0.84% | $1.48B | +$287.5M | ||||||||
| MetaCL A · shares +144% · price −0.5% | 0.81% | $1.44B | −$3.0M | ||||||||
| TeslaPUTCOM · shares +14% | 0.73% | $1.30B | — | ||||||||
| Western DigitalCOM · shares +231% · price +87.6% | 0.65% | $1.16B | +$163.0M | ||||||||
| NvidiaPUTCOM · shares +4.6% | 0.61% | $1.09B | — | ||||||||
| Bloom EnergyCOM CL A · shares +98% · price +253.6% | 0.56% | $999.4M | +$362.5M | ||||||||
| NetflixCOM · shares −18% · price −10.5% | 0.53% | $938.2M | −$109.7M | ||||||||
| Sofi Technologies IncCOM · shares +20% · price +45.1% | 0.52% | $925.6M | +$240.2M | ||||||||
| Intuitive SurgicalCOM NEW · shares +220% · price −17.7% | 0.51% | $902.9M | −$60.7M | ||||||||
| Fiserv IncCOM · shares +173% · price −25.2% | 0.49% | $874.0M | −$108.0M | ||||||||
| Boston Scientific CorpCOM · shares +32% · price −9.1% | 0.49% | $869.9M | −$66.1M | ||||||||
| Vanguard Scottsdale FdsINT-TERM CORP · shares +131% · price +1.4% | 0.49% | $864.2M | +$5.3M | ||||||||
| Bank America CorpCOM · shares +149% · price +9.0% | 0.48% | $856.2M | +$28.5M | ||||||||
| T-Mobile Us IncCOM · shares −13% · price +0.5% | 0.47% | $836.4M | +$3.9M | ||||||||
| MicronPUTCOM · shares +5.9% | 0.47% | $835.6M | — | ||||||||
| Insmed IncCOM PAR $.01 · shares +65% · price +43.1% | 0.46% | $814.7M | +$148.4M | ||||||||
| AdobeCOM · shares +368% · price −8.8% | 0.45% | $800.6M | −$16.6M | ||||||||
| AlphabetCAP STK CL A · shares +26% · price +37.9% | 0.44% | $774.0M | +$168.5M | ||||||||
| Total · 4,509 positions | 100% | $177.16B | +$6.68B |
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 Q2 2025 to Q3 2025: 2,559 stocks held throughout, up $6.68B (+9.7%).
- Nvidia+$581.1M+18%
- Bloom Energy+$362.5M+254%
- Palantir+$360.4M+34%
- Micron+$324.2M+36%
- Apple+$287.5M+24%
- Bellring Brands Inc−$76.4M−37%
- Sprouts Fmrs Mkt Inc−$87.8M−34%
- Atlassian Corporation−$96.7M−21%
- Fiserv Inc−$108.0M−25%
- Netflix−$109.7M−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 5 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 ↗ |