Morgan Stanley
DFS

Morgan Stanley’s Discover Financial Services DFS Stock Holding History

Morgan Stanley’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
2025
Q2 		– Sell
-4,602,174
Closed -$786M – 8138
2025
Q1 		$786M Buy
4,602,174
+245,424
+6% +$44.9M 0.06% 325
2024
Q4 		$755M Sell
4,356,750
-145,425
-3% -$23.9M 0.05% 337
2024
Q3 		$632M Sell
4,502,175
-185,396
-4% -$24.9M 0.05% 383
2024
Q2 		$613M Buy
4,687,571
+97,034
+2% +$12.1M 0.05% 364
2024
Q1 		$602M Sell
4,590,537
-4,286,437
-48% -$491M 0.05% 370
2023
Q4 		$998M Buy
8,876,974
+4,486,361
+102% +$415M 0.04% 395
2023
Q3 		$380M Sell
4,390,613
-227,455
-5% -$22.6M 0.04% 457
2023
Q2 		$540M Sell
4,618,068
-12,062
-0.3% -$1.26M 0.05% 344
2023
Q1 		$458M Sell
4,630,130
-297,212
-6% -$31.8M 0.05% 380
2022
Q4 		$482M Buy
4,927,342
+1,293,260
+36% +$130M 0.05% 352
2022
Q3 		$330M Sell
3,634,082
-92,423
-2% -$9.35M 0.05% 404
2022
Q2 		$352M Buy
3,726,505
+1,573,063
+73% +$168M 0.05% 386
2022
Q1 		$237M Sell
2,153,442
-220,817
-9% -$25.9M 0.03% 471
2021
Q4 		$274M Sell
2,374,259
-30,810
-1% -$3.64M 0.03% 455
2021
Q3 		$295M Sell
2,405,069
-178,174
-7% -$22.3M 0.04% 401
2021
Q2 		$306M Sell
2,583,243
-522,528
-17% -$59.1M 0.04% 401
2021
Q1 		$295M Buy
3,105,771
+569,192
+22% +$53.7M 0.04% 365
2020
Q4 		$230M Buy
2,536,579
+98,292
+4% +$7.33M 0.04% 425
2020
Q3 		$141M Sell
2,438,287
-510,015
-17% -$26.7M 0.03% 482
2020
Q2 		$148M Buy
2,948,302
+466,708
+19% +$20.5M 0.03% 435
2020
Q1 		$88.5M Sell
2,481,594
-538,088
-18% -$35.6M 0.02% 523
2019
Q4 		$256M Buy
3,019,682
+613,136
+25% +$50.6M 0.06% 309
2019
Q3 		$195M Sell
2,406,546
-148,031
-6% -$12.2M 0.05% 353
2019
Q2 		$198M Sell
2,554,577
-334,724
-12% -$25.9M 0.05% 348
2019
Q1 		$206M Buy
2,889,301
+241,984
+9% +$16.6M 0.06% 332
2018
Q4 		$156M Sell
2,647,317
-1,010,177
-28% -$69.7M 0.05% 381
2018
Q3 		$280M Sell
3,657,494
-1,206,238
-25% -$90.8M 0.07% 280
2018
Q2 		$342M Buy
4,863,732
+482,980
+11% +$35.4M 0.09% 221
2018
Q1 		$315M Buy
4,380,752
+1,065,962
+32% +$82.3M 0.09% 236
2017
Q4 		$255M Buy
3,314,790
+77,706
+2% +$5.35M 0.07% 289
2017
Q3 		$209M Buy
3,237,084
+187,990
+6% +$11.4M 0.06% 301
2017
Q2 		$190M Sell
3,049,094
-389,586
-11% -$24.1M 0.06% 349
2017
Q1 		$235M Buy
3,438,680
+548,769
+19% +$38.5M 0.07% 284
2016
Q4 		$208M Sell
2,889,911
-520,897
-15% -$33.1M 0.07% 300
2016
Q3 		$193M Buy
3,410,808
+676,525
+25% +$38.8M 0.07% 326
2016
Q2 		$147M Buy
2,734,283
+643,505
+31% +$35M 0.05% 391
2016
Q1 		$106M Sell
2,090,778
-910,025
-30% -$43.9M 0.04% 456
2015
Q4 		$161M Buy
3,000,803
+381,060
+15% +$21.1M 0.06% 339
2015
Q3 		$136M Sell
2,619,743
-162,831
-6% -$8.93M 0.05% 383
2015
Q2 		$160M Buy
2,782,574
+286,103
+11% +$16.8M 0.06% 365
2015
Q1 		$141M Buy
2,496,471
+12,585
+0.5% +$745K 0.05% 391
2014
Q4 		$163M Buy
2,483,886
+330,700
+15% +$21.2M 0.06% 352
2014
Q3 		$139M Buy
2,153,186
+610,554
+40% +$38.3M 0.05% 393
2014
Q2 		$95.6M Buy
1,542,632
+130,786
+9% +$7.64M 0.04% 532
2014
Q1 		$82.2M Sell
1,411,846
-165,573
-10% -$9.27M 0.03% 544
2013
Q4 		$88.3M Buy
1,577,419
+271,375
+21% +$14.2M 0.04% 506
2013
Q3 		$66M Buy
1,306,044
+72,300
+6% +$3.62M 0.03% 564
2013
Q2 		$58.8M Buy
+1,233,744
New +$56.6M 0.03% 580

Other funds holding DFS

DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return
Osaic Holdings
Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $11.5B AUM 15.23% 1-Year Est. Return
KIM
Kestra Investment Management Austin, Texas $5.8B AUM 14.71% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
IA
IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return
SS
Sunbelt Securities Houston, Texas $1.58B AUM 28.96% 1-Year Est. Return
OLVIG
Oliver Lagore Vanvalin Investment Group Flint, Michigan $255M AUM
HNB
Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return

Morgan Stanley's DFS Position: Q2 2025 in Review

Morgan Stanley sold out of Discover Financial Services (DFS) in Q2 2025, closing a stake of 4,602,174 shares — an estimated $786M sold.

Morgan Stanley first reported a position in DFS in Q2 2013 and held it in 48 quarters. The position peaked at $998M in Q4 2023. 10 funds tracked by Wall St. Rank hold DFS as of Q2 2025.

  • Morgan Stanley reported no remaining Discover Financial Services position as of Q2 2025 after selling out during the quarter.
  • Morgan Stanley sold 4,602,174 Discover Financial Services shares in Q2 2025, an estimated $786M.
  • Morgan Stanley first reported a position in Discover Financial Services in Q2 2013 and held it in 48 quarters.
  • Morgan Stanley's Discover Financial Services position peaked at $998M in Q4 2023.
  • 10 funds tracked by Wall St. Rank held Discover Financial Services as of Q2 2025.

Based on Morgan Stanley's 13F filing for Q2 2025, filed 15 Aug 2025.