D-E Shaw & Company Inc 13F Highlights
David Shaw’s D-E Shaw & Company Inc just filed its Q1 2015 13F. Dated 26/05/2015, the SEC filing reveals the hedge fund has a portfolio value of $65.29 billion, representing a decrease of $12.49 billion from the previous quarter when it was $77.78 billion. Note: This filling reprents about 80.24% of D-E Shaw & Company Inc’s assets, which which are listed in the US.
Portfolio Q12015
Market Value:
$65,285,998,000
Previous Mkt Value:
$77,778,287,000
Chg Mkt Value %:
-16.06%
Sentiment:
Turnover %:
31.40%
Stocks Activity
New Purchases:
332
Additional Purchases:
1553
Sold out:
329
Reduced:
1573
Top 10 Holdings %:
10.7%
Based on $81.36 billion in assets under management, D-E Shaw & Company Inc’s equity exposure is 80.24% of assets.
New Holdings
During this quarter, David Shaw’s D-E Shaw & Company Inc opened positions in Spdr Gold Trust (GLD) for $231.07 million, Fiat Chrysler Automobiles N for $88.74 million, Southwestern Energy Co for $79.99 million, Zillow Group Inc (Z) for $71.26 million and Norwegian Cruise Line Hldgs (NCLH) for $45.41 million. These were the 5 biggest new positions. In total the hedge fund bought 332 new stocks.
Top 5 New Buys
Spdr Gold Trust
0.35%
Fiat Chrysler Automobiles N
0.14%
Southwestern Energy Co
0.12%
Zillow Group Inc
0.11%
Norwegian Cruise Line Hldgs
0.07%
13F Sector Allocation
Information Technology
19%
Consumer Discretionary
17%
Finance
12%
Energy
12%
Health Care
11%
Increased Positions
According to this SEC filing the hedge fund upped its stakes in Apple Inc (Put) (AAPL) by 57% to $1.10 billion, Priceline Grp Inc (Put) (PCLN) by 36% to $447.27 million, Dresser (DRC) by 9% to $252.36 million, Spirit Aerosystems Hldgs Inc (SPR) by 12% to $290.40 million and Facebook Inc (FB) by 130% to $467.17 million. D-E Shaw & Company Inc also acquired smaller stakes in Spdr S&P 500 Etf Tr (SPY) by 190.14% to $526.94 million, Netflix Inc (NFLX) by 34.21% to $238.73 million and Cheniere Energy Inc (LNG) by 67.04% to $249.53 million. Building positions gradually is well-know strategy for many investors.
Sold Holdings
David Shaw’s fund sold out its stakes in Rockwood Hldgs Inc, Select Sector Spdr Tr (XLE), Cubist Pharmaceuticals Inc, Hawaiian Holdings Inc (Prn) and Office Depot Inc (ODP). These stocks constituted 0.22%, 0.06%, 0.04%, 0.04% and 0.04% of the portfolio, respectively. We can only speculate about the reasons for the selling but we believe it has to do with either value, momentum or a better place for D-E Shaw & Company Inc’s capital.
Reduced Positions
The fund also slashed its postitons in Apple Inc (Call) (AAPL) by -65.78%, Apple Inc (AAPL) by -18.78%, Tesla Mtrs Inc (Call) (TSLA) by -72.37%, Tesla Mtrs Inc (Put) (TSLA) by -78.73% and Tesla Mtrs Inc (TSLA) by -99.56%.
Top 3 Holdings
Apple Inc (Put) (AAPL), Phillips 66 (PSX) and Marathon Pete Corp (MPC) made up the majority of D-E Shaw & Company Inc’s total US long portfolio in this quarter. These holdings were top 3 and constitute 4.41% of D-E Shaw & Company Inc’s US-listed securities. The top 10 holdings make approximately 10.7% of the fund’s portfolio.
The chart above provides a summary of D-E Shaw & Company Inc’s top 10 US-listed holdings in this quarter.
13F Sector Weights
D-E Shaw & Company Inc upped the industrials sector from 6% to 7%. According to the SEC filing, the investment manager also has securities for 12% in the finance sector. The energy sector is 12% of D-E Shaw & Company Inc’s 13f reported assets. The fund slashed the Consumer Discretionary, Information Technology and Transports sector positions by 17%, 36% and 38%, respectively.
So these are Q1 2015 fund’s sector weights now: information technology 19% for $12.40 billion, consumer discretionary 17% for $11.10 billion, finance 12% for $7.83 billion, energy 12% for $7.83 billion, health care 11% for $7.18 billion, materials 8% for $5.22 billion, industrials 7% for $4.57 billion, consumer staples 5% for $3.26 billion, utilities & telecommunications 2% for $1.31 billion and transports 2% for $1.31 billion.
Important Position Changes
Top 10 Q1 2015 New Positions: Spdr Gold Trust (GLD), Fiat Chrysler Automobiles N, Southwestern Energy Co, Zillow Group Inc (Z), Norwegian Cruise Line Hldgs (NCLH), Medtronic Plc (Put) (MDT), Media Gen Inc New (MEG), Albemarle Corp (ALB), American Cap Ltd (ACAS) and Iconix Brand Group Inc (Prn).
Top 10 Q1 2015 Sold Out Completely: Rockwood Hldgs Inc, Select Sector Spdr Tr (XLE), Cubist Pharmaceuticals Inc, Hawaiian Holdings Inc (Prn), Office Depot Inc (ODP), Yahoo Inc (Prn), Fiat Chrysler Automobiles N, Covance Inc (CVD), Digital Riv Inc (DRIV) and Kimco Rlty Corp (KIM).
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Download the full 13F form in CSV: Q1-2015-D-E-Shaw-Company-Inc-David-Shaw-13F-Portfolio-Stock-Holdings.csv
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