David Shaw — D. E. Shaw & Co., Inc. — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
D. E. Shaw & Co., Inc.CIK: 0001009207
Diversified strategyMomentum followerHigh-turnover trader
Total reported value
$210.2B
Reporting period: 2026-06-30 · Number of holdings: 6298
D. E. Shaw & Co., Inc. disclosed 6298 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $210.2B and a quarterly turnover rate of 60.7%.
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Personality snowflake
- Concentration
- 2.73
- Portfolio Stability
- 60.73
- Momentum
- 72.51
- Sector conviction
- 52.2
- Diversification
- 100
- Sizing Uniformity
- 51.73
D. E. Shaw & Co., Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 147 equally-sized positions, well below its 6298 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.83), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd SPY
+752.5% $9.4B
Add QQQ
+326.9% $1.9B
Trim MSFT
-30.8% -$910.4M
Trim AVGO
-52.9% -$1.0B
Add AMD
-19.0% $1.9B
Trim TSM
-80.8% -$1.0B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
The filing shows D. E. Shaw aggressively rebuilding broad-market beta this quarter: SPY leapt from 0.64% to roughly 5% of the book to become the largest single position, with QQQ added alongside. Single-name activity stayed centered on megacap tech — adds in NVDA and AMZN — while AMD and MU were actively trimmed yet finished the period at higher weights, suggesting intraquarter price appreciation outran the selling; power-equipment name BE was also built up. The firm additionally fully exited a line item coded WDC 3 11-15-28, whose coupon-and-maturity format points to a bond, against an overall turnover ratio near 61% — the signature of a fast-moving quantitative book.
Macro & Fundamentals
Directionally, these flows line up with the AI-compute expansion cycle and the power buildout trailing it: semiconductors, megacap tech and index beta were accumulated in tandem, which appears to track a market still led by large-cap technology. Treat that as an inference rather than a confirmed causal read — one quarter of 13F flows is thin evidence, and the same footprint could equally reflect hedging overlays or liquidity management.
Blind Spots / Risks
The diversification is thinner than it looks at the factor level. Across 3,564 names with an HHI near zero, Information Technology still commands 33.4% of the book, and stacking tech-heavy SPY and QQQ on top of concentrated exposure to NVDA, AMD and MU binds more than 13% of assets to a single, crowded AI-complex trade — a positioning squeeze there would hit the index sleeves and the individual names simultaneously. Roughly 19% of reported value maps to no identifiable underlying (likely options), leaving true exposure partially invisible.
Generated by AI directly from this institution's Form 13F disclosures on SEC EDGAR. Reflects historical positioning only and should not be treated as investment advice — the original filing is linked below for verification. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 6298 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.98% | +4.34% | +752.52% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 2.51% | +0.20% | +19.92% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.70% | +0.08% | +6.75% | |
| 4 | AMD | Advanced Micro Devices | Stock-Tech | 1.63% | +0.74% | -18.97% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.59% | +0.58% | +74.84% | |
| 6 | MU | Micron Technology Inc | Stock-Tech | 1.46% | +0.28% | -54.16% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.40% | +0.19% | +19.48% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.31% | +0.13% | +43.46% | |
| 9 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.24% | -0.39% | -15.18% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.12% | +0.86% | +326.94% | |
| 11 | AAPL | Apple Inc | Stock-Tech | 1.02% | -0.39% | -19.95% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 1.00% | -0.81% | -30.82% | |
| 13 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.95% | +0.41% | +0.14% | |
| 14 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.92% | +0.36% | +6.53% | |
| 15 | SNDK | Sandisk CORP | Stock-Tech | 0.88% | +0.14% | -57.83% | |
| 16 | WDC | Western Digital CORP | Stock-Tech | 0.87% | +0.23% | -27.05% | |
| 17 | LITE | Lumentum Holdings Inc | Stock-Tech | 0.86% | +0.29% | +57.04% | |
| 18 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.86% | +0.43% | +3.08% | |
| 19 | INTC | Intel CORP | Stock-Tech | 0.85% | +0.27% | -40.99% | |
| 20 | HD | Home Depot Inc | Stock-Consumer Disc | 0.78% | -0.02% | +16.22% | |
| 21 | AVGO | Broadcom Inc | Stock-Tech | 0.66% | -0.80% | -52.94% | |
| 22 | MRVL | Marvell Technology Inc | Stock-Tech | 0.57% | +0.44% | +83.24% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.57% | +0.36% | +219.64% | |
| 24 | GM | General Motors Co | Stock-Consumer Disc | 0.55% | -0.03% | +17.60% | |
| 25 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.55% | -0.37% | +11.60% | |
| 26 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.54% | +0.04% | +15.42% | |
| 27 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.53% | -0.12% | -20.89% | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 0.53% | +0.02% | +15.10% | |
| 29 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 0.52% | +0.27% | +167.63% | |
| 30 | MA | Mastercard Inc - A | Stock-Financials | 0.52% | +0.18% | +86.17% | |
| 31 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.48% | -0.32% | -4.52% | |
| 32 | C | Citigroup Inc | Stock-Financials | 0.47% | +0.01% | +4.74% | |
| 33 | COF | Capital One Financial CORP | Stock-Financials | 0.46% | +0.19% | +96.59% | |
| 34 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.46% | -0.16% | -0.89% | |
| 35 | ✓ | Stock-Other | 0.43% | +0.43% | NEW | ||
| 36 | DELL | Dell Technologies -c | Stock-Tech | 0.42% | +0.29% | +60.18% | |
| 37 | WFC | Wells Fargo & Co | Stock-Financials | 0.42% | +0.29% | +301.62% | |
| 38 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.39% | -0.13% | -37.77% | |
| 39 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.39% | — | +14.92% | |
| 40 | CIFR | Cipher Digital Inc | Stock-Tech | 0.39% | +0.12% | -5.58% | |
| 41 | ORCL | Oracle CORP | Stock-Tech | 0.39% | -0.08% | +4.15% | |
| 42 | MMM | 3m Co | Stock-Industrials | 0.38% | -0.08% | -7.54% | |
| 43 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.36% | -0.44% | -48.92% | |
| 44 | FTNT | Fortinet Inc | Stock-Tech | 0.35% | +0.21% | +65.72% | |
| 45 | CLS | Celestica Inc | Stock-Tech | 0.35% | +0.15% | +75.43% | |
| 46 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.34% | +0.05% | +41.32% | |
| 47 | NFLX | Netflix Inc | Stock-Comm Services | 0.34% | -0.06% | +43.96% | |
| 48 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.34% | +0.14% | +81.86% | |
| 49 | COHR | Coherent CORP | Stock-Tech | 0.34% | +0.32% | +1364.44% | |
| 50 | TGT | Target CORP | Stock-Consumer Disc | 0.31% | -0.41% | -49.11% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-0.2%
Performance Last 4 Quarters
+29.7%
- Stdev
- +17.4%
- Beta
- +1.28
- Alpha
- -1.9%
- Max Drawdown
- -10%
- Annualized Perf
- +24.6%
- Batting Avg vs S&P
- +61.1%
- Sortino
- +2.88
- Stutzer
- +0.41
- Treynor
- +0.19
- Sterling
- +1.42
- Calmar
- +2.46
- Information Ratio
- +0.56
- Tracking Error
- +6.5%
- Stdev Down
- +8.2%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +46%
- Worst 12 Months
- +6%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.36
- Stdev Sectors
- +8.7%
- Skewness
- +0.2
- Kurtosis
- -0.47
- Upside Potential
- +4.61
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 6298 | $210.2B | 61 | ||
| 2026 Q1 | 5804 | $166.3B | 54 | ||
| 2025 Q4 | 5839 | $182.4B | 48 | ||
| 2025 Q3 | 5726 | $177.2B | 75 | ||
| 2025 Q2 | 5528 | $141.1B | 0 | ||
| 2025 Q1 | 5466 | $112.3B | 100 | ||
| 2024 Q4 | 5526 | $136.3B | 0 | ||
| 2024 Q3 | 5681 | $116.5B | 0 | ||
| 2024 Q2 | 5631 | $106.9B | 0 | ||
| 2024 Q1 | 5519 | $116.8B | 0 | ||
| 2023 Q4 | 5506 | $114.4B | 0 | ||
| 2023 Q3 | 5454 | $95.8B | 0 | ||
| 2023 Q2 | 5463 | $97.9B | 0 | ||
| 2023 Q1 | 5641 | $93.4B | 0 | ||
| 2022 Q4 | 6087 | $90.5B | 0 | ||
| 2022 Q3 | 6258 | $83.7B | 0 | ||
| 2022 Q2 | 6343 | $85.3B | 0 | ||
| 2022 Q1 | 6549 | $106.8B | 0 | ||
| 2021 Q4 | 6413 | $120.6B | 0 | ||
| 2021 Q3 | 5998 | $110.8B | 0 | ||
| 2021 Q2 | 5741 | $115.9B | 48 | ||
| 2021 Q1 | 5015 | $103.6B | 47 | ||
| 2020 Q4 | 5021 | $111.8B | 46 | ||
| 2020 Q3 | 4969 | $97.7B | 44 | ||
| 2020 Q2 | 5189 | $83.9B | 54 | ||
| 2020 Q1 | 5172 | $64.1B | 57 | ||
| 2019 Q4 | 5207 | $87.5B | 38 | ||
| 2019 Q3 | 4995 | $81.2B | 39 | ||
| 2019 Q2 | 4893 | $80.2B | 42 | ||
| 2019 Q1 | 4785 | $77.4B | 46 | ||
| 2018 Q4 | 4933 | $72.6B | 46 | ||
| 2018 Q3 | 4883 | $83.2B | 38 | ||
| 2018 Q2 | 4827 | $76.7B | 42 | ||
| 2018 Q1 | 4541 | $73.5B | 44 | ||
| 2017 Q4 | 4685 | $72.6B | 39 | ||
| 2017 Q3 | 4456 | $65.1B | 39 | ||
| 2017 Q2 | 4283 | $60.5B | 45 | ||
| 2017 Q1 | 4247 | $56.9B | 46 | ||
| 2016 Q4 | 4566 | $58.9B | 47 | ||
| 2016 Q3 | 4548 | $56.7B | 43 | ||
| 2016 Q2 | 4705 | $54.2B | 49 | ||
| 2016 Q1 | 4618 | $55.7B | 51 | ||
| 2015 Q4 | 5052 | $67.2B | 44 | ||
| 2015 Q3 | 4978 | $67.9B | 44 | ||
| 2015 Q2 | 5124 | $67.1B | 43 | ||
| 2015 Q1 | 4824 | $65.3B | 46 | ||
| 2014 Q4 | 5016 | $77.8B | 34 | ||
| 2014 Q3 | 5079 | $77.2B | 37 | ||
| 2014 Q2 | 5176 | $73.4B | 38 | ||
| 2014 Q1 | 5152 | $70.1B | 44 | ||
| 2013 Q4 | 5691 | $73.3B | 40 | ||
| 2013 Q3 | 4957 | $62.7B | 41 | ||
| 2013 Q2 | 4619 | $53.2B | 0 |
Holding changes this quarter
D. E. Shaw & Co., Inc.'s most significant position changes for 2026-06-30: Sold out: Western Digital CORP (WDC 3 11-15-28); New buy: ; New buy: ; New buy: ; New buy: .
Showing top 200 changes by size (of 3902 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +4.3% | +752.52% | Add |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +0.9% | +326.94% | Add |
| 3 | AMD | Advanced Micro Devices | +0.7% | -18.97% | Trim |
| 4 | AMZN | Amazon.com Inc | +0.6% | +74.84% | Add |
| 5 | MRVL | Marvell Technology Inc | +0.4% | +83.24% | Add |
| 6 | STX | Seagate Technology Holdings plc | +0.4% | +3.08% | Add |
| 7 | ✓ | +0.4% | NEW | New buy | |
| 8 | BE | Bloom Energy Corp- A | +0.4% | +0.14% | Add |
| 9 | CRWD | Crowdstrike Holdings Inc - A | +0.4% | +6.53% | Add |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | +0.4% | +219.64% | Add |
| 11 | COHR | Coherent CORP | +0.3% | +1364.44% | Add |
| 12 | LITE | Lumentum Holdings Inc | +0.3% | +57.04% | Add |
| 13 | DELL | Dell Technologies -c | +0.3% | +60.18% | Add |
| 14 | WFC | Wells Fargo & Co | +0.3% | +301.62% | Add |
| 15 | MU | Micron Technology Inc | +0.3% | -54.16% | Trim |
| 16 | INTC | Intel CORP | +0.3% | -40.99% | Trim |
| 17 | WBD | Warner Bros Discovery Inc | +0.3% | +167.63% | Add |
| 18 | INTU | Intuit Inc | +0.3% | +2085.92% | Add |
| 19 | ✓ | +0.2% | NEW | New buy | |
| 20 | ✓ | +0.2% | NEW | New buy | |
| 21 | WDC | Western Digital CORP | +0.2% | -27.05% | Trim |
| 22 | FTNT | Fortinet Inc | +0.2% | +65.72% | Add |
| 23 | CSCO | Cisco Systems Inc | +0.2% | +627.38% | Add |
| 24 | NVDA | Nvidia CORP | +0.2% | +19.92% | Add |
| 25 | GOOG | Alphabet Inc-cl C | +0.2% | +19.48% | Add |
| 26 | COF | Capital One Financial CORP | +0.2% | +96.59% | Add |
| 27 | XLE | Ss Energy Select Sector | +0.2% | +45712.68% | Add |
| 28 | MA | Mastercard Inc - A | +0.2% | +86.17% | Add |
| 29 | AMGN | Amgen Inc | +0.2% | +371.78% | Add |
| 30 | ABBV | Abbvie Inc | +0.2% | +152.57% | Add |
| 31 | ✓ | +0.2% | NEW | New buy | |
| 32 | ✓ | +0.2% | NEW | New buy | |
| 33 | CLS | Celestica Inc | +0.2% | +75.43% | Add |
| 34 | FSLR | First Solar Inc | +0.2% | +110.73% | Add |
| 35 | LHX | L3harris Technologies Inc | +0.2% | +4815.77% | Add |
| 36 | SNDK | Sandisk CORP | +0.1% | -57.83% | Trim |
| 37 | GS | Goldman Sachs Group Inc | +0.1% | +81.86% | Add |
| 38 | MCK | Mckesson CORP | +0.1% | +539.58% | Add |
| 39 | META | Meta Platforms Inc-class A | +0.1% | +43.46% | Add |
| 40 | SCHW | Schwab (charles) CORP | +0.1% | +138.50% | Add |
| 41 | DVN | Devon Energy CORP | +0.1% | +214.23% | Add |
| 42 | GILD | Gilead Sciences Inc | +0.1% | +1024.89% | Add |
| 43 | CIFR | Cipher Digital Inc | +0.1% | -5.58% | Trim |
| 44 | OSCR | Oscar Health Inc - Class A | +0.1% | +94.08% | Add |
| 45 | JNJ | Johnson & Johnson | +0.1% | +1270.64% | Add |
| 46 | BA 6 10-15-27Bond | Boeing Co/the | +0.1% | NEW | New buy |
| 47 | EWZ | Ishares Msci Brazil ETF | +0.1% | NEW | New buy |
| 48 | MDT | Medtronic plc | +0.1% | +358.85% | Add |
| 49 | NTRA | Natera Inc | +0.1% | +160.36% | Add |
| 50 | CME | Cme Group Inc | +0.1% | +640.09% | Add |
1–50 of 200
Filing History
Related 13F Filing Analysis
FAQ
What is D. E. Shaw & Co., Inc. and what type of investor is it?
D. E. Shaw & Co., Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $210.2B, spread across 6298 disclosed positions.
What are D. E. Shaw & Co., Inc.'s largest equity positions?
Based on the latest 13F filing, D. E. Shaw & Co., Inc.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $10.5B (5.0%)
2. Nvidia CORP (NVDA) — $5.3B (2.5%)
3. Alphabet Inc-cl A (GOOGL) — $3.6B (1.7%)
4. Advanced Micro Devices (AMD) — $3.4B (1.6%)
5. Amazon.com Inc (AMZN) — $3.3B (1.6%)
What changes did D. E. Shaw & Co., Inc. make in its most recent portfolio filing?
In the latest reported quarter, D. E. Shaw & Co., Inc. made 200 notable position adjustments: 18 new positions were initiated, 109 existing holdings were added to, 66 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Western Digital CORP (WDC 3 11-15-28); New buy: ; New buy: ; New buy: ; New buy:
What sectors does D. E. Shaw & Co., Inc. focus on?
D. E. Shaw & Co., Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 33.4%
• Consumer Discretionary: 12.3%
• Financials: 12.2%
• Health Care: 10.4%
• Industrials: 9.8%
• Communication Services: 8.9%
Investment Profile
D. E. Shaw & Co., Inc. returned an annualized 24.6% over the trailing 36 months — underperforming the S&P 500 by 1.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.28 (more volatile than the market) and a 61% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 33.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 61 over the past 4 quarters — a shift toward more active trading.
It has added to its GOOG position over the past two quarters (+$2.0B, now $3.0B), while trimming MSFT over the same stretch (-$1.8B, still holding $2.1B).
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Developer Access
Access D. E. Shaw & Co., Inc.'s institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/d-e-shaw-co-incCLI
npx alphasmo institutions get d-e-shaw-co-inc