Espalier Global Management’s Discover Financial Services DFS Stock Holding History

Espalier Global Management’s Portfolio DFS Stock Details DFS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-57,500	Closed	-$3.08M	–	67
2015 Q4	$3.08M	Buy	+57,500	New	+$3.19M	0.79%	39
2015 Q2	–	Sell	-187,500	Closed	-$10.6M	–	84
2015 Q1	$10.6M	Buy	187,500 +11,250	+6%	+$666K	1.07%	12
2014 Q4	$11.5M	Sell	176,250 -173,750	-50%	-$11.1M	1.92%	10
2014 Q3	$22.5M	Sell	350,000 -50,000	-13%	-$3.13M	1.2%	15
2014 Q2	$24.8M	Sell	400,000 -25,000	-6%	-$1.46M	1.92%	7
2014 Q1	$24.7M	Sell	425,000 -115,000	-21%	-$6.44M	1.38%	8
2013 Q4	$30.2M	Sell	540,000 -85,000	-14%	-$4.46M	2.9%	4
2013 Q3	$31.6M	Sell	625,000 -152,777	-20%	-$7.64M	3.35%	4
2013 Q2	$37.1M	Buy	+777,777	New	+$35.7M	2.6%	8

Other funds holding DFS

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Espalier Global Management's DFS Position: Q1 2016 in Review

Espalier Global Management sold out of Discover Financial Services (DFS) in Q1 2016, closing a stake of 57,500 shares — an estimated $3.08M sold.

Espalier Global Management first reported a position in DFS in Q2 2013 and held it in 9 quarters. The position peaked at $37.1M in Q2 2013. 707 funds tracked by Wall St. Rank hold DFS as of Q1 2016.

Espalier Global Management reported no remaining Discover Financial Services position as of Q1 2016 after selling out during the quarter.
Espalier Global Management sold 57,500 Discover Financial Services shares in Q1 2016, an estimated $3.08M.
Espalier Global Management first reported a position in Discover Financial Services in Q2 2013 and held it in 9 quarters.
Espalier Global Management's Discover Financial Services position peaked at $37.1M in Q2 2013.
707 funds tracked by Wall St. Rank held Discover Financial Services as of Q1 2016.

Based on Espalier Global Management's 13F filing for Q1 2016, filed 16 May 2016.