Norges Bank
DFS

Norges Bank’s Discover Financial Services DFS Stock Holding History

Norges Bank’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
-4,961,102
Closed -$847M – 1724
2025
Q1 		$847M Buy
4,961,102
+777,530
+19% +$142M 0.12% 166
2024
Q4 		$725M Sell
4,183,572
-81,476
-2% -$13.4M 0.1% 187
2024
Q3 		$598M Sell
4,265,048
-74,079
-2% -$9.96M 0.08% 218
2024
Q2 		$568M Buy
4,339,127
+66,943
+2% +$8.34M 0.08% 217
2024
Q1 		$560M Buy
4,272,184
+1,405,643
+49% +$161M 0.09% 215
2023
Q4 		$322M Sell
2,866,541
-1,004
-0% -$92.8K 0.06% 301
2023
Q3 		$248M Sell
2,867,545
-315,599
-10% -$31.3M 0.05% 333
2023
Q2 		$372M Sell
3,183,144
-48,967
-2% -$5.13M 0.07% 248
2023
Q1 		$319M Sell
3,232,111
-250,179
-7% -$26.8M 0.07% 262
2022
Q4 		$341M Buy
3,482,290
+388,372
+13% +$39.1M 0.08% 238
2022
Q3 		$281M Buy
3,093,918
+89,161
+3% +$9.02M 0.07% 257
2022
Q2 		$284M Sell
3,004,757
-99,835
-3% -$10.7M 0.07% 250
2022
Q1 		$342M Buy
3,104,592
+34,120
+1% +$4.01M 0.07% 251
2021
Q4 		$355M Sell
3,070,472
-165,225
-5% -$19.5M 0.07% 257
2021
Q3 		$398M Sell
3,235,697
-15,029
-0.5% -$1.88M 0.09% 224
2021
Q2 		$385M Buy
3,250,726
+285,524
+10% +$32.3M 0.08% 234
2021
Q1 		$282M Sell
2,965,202
-23,252
-0.8% -$2.19M 0.06% 284
2020
Q4 		$271M Buy
2,988,454
+123,953
+4% +$9.25M 0.06% 284
2020
Q3 		$166M Buy
2,864,501
+247,657
+9% +$13M 0.04% 375
2020
Q2 		$131M Sell
2,616,844
-259,418
-9% -$11.4M 0.04% 417
2020
Q1 		$103M Buy
2,876,262
+35,298
+1% +$2.34M 0.04% 423
2019
Q4 		$241M Hold
2,840,964
– – 0.07% 269
2019
Q3 		$230M Buy
2,840,964
+23,138
+0.8% +$1.91M 0.07% 260
2019
Q2 		$219M Hold
2,817,826
– – 0.07% 277
2019
Q1 		$201M Buy
2,817,826
+61,624
+2% +$4.22M 0.06% 277
2018
Q4 		$163M Hold
2,756,202
– – 0.06% 288
2018
Q3 		$211M Sell
2,756,202
-645,315
-19% -$48.6M 0.07% 274
2018
Q2 		$240M Sell
3,401,517
-281,734
-8% -$20.7M 0.08% 242
2018
Q1 		$265M Buy
3,683,251
+44,267
+1% +$3.42M 0.1% 218
2017
Q4 		$280M Buy
3,638,984
+449,377
+14% +$30.9M 0.1% 206
2017
Q3 		$206M Buy
3,189,607
+94,704
+3% +$5.74M 0.08% 260
2017
Q2 		$192M Sell
3,094,903
-155,861
-5% -$9.65M 0.08% 261
2017
Q1 		$222M Sell
3,250,764
-340,399
-9% -$23.9M 0.09% 228
2016
Q4 		$259M Buy
3,591,163
+314,896
+10% +$20M 0.11% 183
2016
Q3 		$177M Buy
3,276,267
+183,294
+6% +$10.5M 0.08% 239
2016
Q2 		$166M Hold
3,092,973
– – 0.08% 250
2016
Q1 		$157M Buy
3,092,973
+10,167
+0.3% +$490K 0.08% 246
2015
Q4 		$165M Buy
3,082,806
+32,654
+1% +$1.81M 0.08% 233
2015
Q3 		$159M Buy
3,050,152
+45,927
+2% +$2.52M 0.08% 237
2015
Q2 		$173M Buy
3,004,225
+101,412
+3% +$5.95M 0.09% 222
2015
Q1 		$164M Buy
2,902,813
+79,817
+3% +$4.73M 0.08% 246
2014
Q4 		$185M Buy
2,822,996
+161,521
+6% +$10.4M 0.09% 209
2014
Q3 		$171M Sell
2,661,475
-2,446,101
-48% -$153M 0.09% 214
2014
Q2 		$317M Buy
5,107,576
+2,793,490
+121% +$163M 0.09% 226
2014
Q1 		$135M Buy
2,314,086
+121,503
+6% +$6.8M 0.08% 247
2013
Q4 		$123M Sell
2,192,583
-364,199
-14% -$19.1M 0.07% 265
2013
Q3 		$129M Sell
2,556,782
-251,394
-9% -$12.6M 0.08% 258
2013
Q2 		$134M Buy
+2,808,176
New +$129M 0.08% 243

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 $4.82B AUM 20.19% 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

Norges Bank's DFS Position: Q2 2025 in Review

Norges Bank sold out of Discover Financial Services (DFS) in Q2 2025, closing a stake of 4,961,102 shares — an estimated $847M sold.

Norges Bank first reported a position in DFS in Q2 2013 and held it in 48 quarters. The position peaked at $847M in Q1 2025. 10 funds tracked by Wall St. Rank hold DFS as of Q2 2025.

  • Norges Bank reported no remaining Discover Financial Services position as of Q2 2025 after selling out during the quarter.
  • Norges Bank sold 4,961,102 Discover Financial Services shares in Q2 2025, an estimated $847M.
  • Norges Bank first reported a position in Discover Financial Services in Q2 2013 and held it in 48 quarters.
  • Norges Bank's Discover Financial Services position peaked at $847M in Q1 2025.
  • 10 funds tracked by Wall St. Rank held Discover Financial Services as of Q2 2025.

Based on Norges Bank's 13F filing for Q2 2025, filed 13 Aug 2025.