D.E. Shaw Just Disclosed a $912 Million SpaceX Stake and a 58% Broadcom Cut in the Same Quarter

Joel SouthSat, August 22, 2026 at 1:00 PM UTC

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D.E. Shaw opened a $912 million SPCX position post-IPO and cut AVGO by 58%, yet still holds over $1 billion in Broadcom.

The same filing shows $539 million in MSFT puts, confirming that D.E. Shaw runs two-sided exposure across 4,833 positions rather than directional conviction picks.

SpaceX posted 191% EBITDA growth and 12 million Starlink subscribers in Q2 2026, yet SPCX trades 13% below its June IPO price.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today.

D.E. Shaw & Co. disclosed a brand new position in SpaceX(NASDAQ:SPCX) worth $912,392,400 and trimmed its stake in Broadcom(NASDAQ:AVGO) by 58.3% in the same quarterly filing, according to the firm's Form 13F-HR filed August 14, 2026 for the period ending June 30.

These are two separate line items in a book of 4,833 positions, alongside 977 new positions, 1,734 added, 1,595 trimmed and 614 exited in the quarter. Read them as parallel data points, not a linked trade.

The SpaceX Line Item

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The filing lists 5,340,000 shares of SPCX common valued at $912,392,400, representing 0.434% of the portfolio. This is a first-time entry, so no prior-quarter comparison exists.

SpaceX completed its IPO on June 12, 2026 at a reported price of $135, widely reported as the largest IPO ever. The stock closed at $146.05 on August 17, 2026, but it is down 13.02% from its June 12 debut through August 14. Market cap sits near $1.13 trillion. Fundamentally, Q2 2026 revenue came in at $7.81 billion, with Starlink subscribers doubling to 12.0 million and adjusted EBITDA of $3.54 billion, up 191%. Backlog stands at $47.50 billion, and CapEx ran $18.37 billion in the quarter.

The Broadcom Line Item

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today.

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D.E. Shaw held 2,722,161 Broadcom shares valued at $1,028,296,318 as of June 30, a share change of -3,805,547. The firm reduced but did not fully exit the position. The firm still owned more than a billion dollars of Broadcom at quarter end.

Broadcom's Q2 FY2026 was strong on its face: revenue of $22.2 billion, up 48% year over year, with AI semiconductor revenue of $10.8 billion, up 143%. CEO Hock Tan called demand "insatiable" and guided Q3 AI semi revenue to $16 billion. But gross margin is compressing from 77.1% toward roughly 74% as the AI mix grows, and shares have fallen 8.13% in the past week even as they hold a 13.97% YTD gain. Polymarket assigns only a 21.5% probability that Q3 AI revenue exceeds $18 billion, implying the guide is largely priced in.

Should Retirement Investors Follow?

D.E. Shaw is a quantitative, systematic, multi-strategy firm, and these are firm-level positions, not personal conviction picks by David E. Shaw. The firm also carries two-sided options exposure. Same filing: Microsoft(NASDAQ:MSFT) PUT positions of 1,446,200 shares valued $539,461,524. A single long equity line is not automatically a directional endorsement, and 13F data is reported roughly 45 days after quarter end. Positions may already have changed.

For a retirement-focused investor, the read is that a quant fund's disclosed line item is thin evidence for a buy-and-hold decision. SPCX is a newly listed stock trading below its debut with a very short price history, and Broadcom's setup rewards conviction on AI capex durability (we profiled seven suppliers riding that same buildout, from power to cooling, in a free report you can grab here). Weigh each on its own merits. This article is not investment advice.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today.

Contact editorial@247wallst.com for any questions or corrections.

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Source: “AOL Money”