The latest filing landed on May 15, 2026, offering a look into the portfolio strategy of D.E. Shaw & Co as of the March 31, 2026, reporting date.

The biggest line item NVIDIA Corp (NVDA) remains the anchor of the equity portfolio, sitting at a value of $1,657,945,285. Even with the "Decreased" flag attached, it accounts for approximately 0.9969% of the total $166,309,063,072 AUM. The firm is clearly trimming the edges of its most significant exposure, but holding onto more than $1.6 billion in the chipmaker suggests they aren't ready to pivot away from the semiconductor trade just yet. You can track this specific [whale](https://13fwhale.assettrendreports.com/en/whale/deshaw) activity for deeper historical context on how they manage these top-tier positions.

Why did AVGO and GOOGL show up as new positions? The firm made a decisive move into Broadcom Inc (AVGO), establishing a $1,225,638,244 position, representing about 0.7369% of the total portfolio. Simultaneously, the fund initiated a fresh stake in Alphabet Inc (GOOGL) worth $1,194,471,904, or 0.7182% of the total book. Entering these two tech giants at such high valuation levels indicates a preference for large-cap momentum plays that likely fit their [screener](https://13fwhale.assettrendreports.com/en/screener) parameters for liquid, high-growth assets.

The case of Boston Scientific and Tesla The portfolio saw notable increases in Boston Scientific Corp (BSX) and Tesla Inc (TSLA). The BSX position now sits at $1,278,212,606, capturing 0.7685% of the total asset base. Meanwhile, the TSLA stake grew to $1,185,221,529, or 0.7126% of the portfolio. Betting heavier on medical devices while doubling down on an electric vehicle maker displays a willingness to shift capital toward sectors that have demonstrated resilience through recent volatility, despite the general portfolio focus on massive tech caps.

How are they handling the household names? Apple Inc (AAPL) saw a decrease, landing at $1,097,985,128 with a 0.6602% weight. The fund also reduced its exposure to Microsoft Corp (MSFT), which sits at $861,082,421. These trims appear to be tactical rather than structural, as the fund maintains significant weight in the tech ecosystem. Meanwhile, the addition of Home Depot Inc (HD) at $954,136,859—roughly 0.5737% of the book—provides a pivot toward the consumer discretionary space that feels distinctly contrarian compared to their semiconductor-heavy top holdings.

Digging into the lower-profile entries Beyond the massive core positions, the 17-holding portfolio includes opportunistic entries like Micron Technology Inc (MU) at $929,247,163 and a secondary position in Alphabet Inc (GOOG) worth $886,323,677. While these are smaller relative to the NVDA peak, they aren't exactly "small cap" by any standard measure. The strategy across the 17 positions suggests a high-conviction approach; there is little "fluff" here, with almost every single line item commanding nearly a billion dollars or more in capital.

The portfolio concentration is quite high, as the 17 holdings must account for the lion's share of the $166 billion total value. By keeping the number of issuers tight, the fund retains the ability to move large blocks of capital without overwhelming their own liquidity. The combination of established tech, aggressive new entries in semiconductors, and a sprinkling of consumer staples like HD suggests a shop that is effectively hedging its own bets by maintaining exposure to high-growth chip stocks while trying to catch value in other sectors as the 2026 calendar year progresses.

This filing is delayed and does not constitute investment advice.