SOMRS
DFS

State of Michigan Retirement System’s Discover Financial Services DFS Stock Holding History

State of Michigan Retirement System’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
-68,101
Closed -$11.6M – 945
2025
Q1 		$11.6M Hold
68,101
– – 0.07% 252
2024
Q4 		$11.8M Sell
68,101
-300
-0.4% -$49.2K 0.06% 249
2024
Q3 		$9.6M Sell
68,401
-200
-0.3% -$26.9K 0.05% 295
2024
Q2 		$8.97M Buy
68,601
+100
+0.1% +$12.5K 0.05% 294
2024
Q1 		$8.98M Hold
68,501
– – 0.05% 292
2023
Q4 		$7.7M Hold
68,501
– – 0.05% 310
2023
Q3 		$5.93M Sell
68,501
-1,300
-2% -$129K 0.04% 344
2023
Q2 		$8.16M Sell
69,801
-3,500
-5% -$367K 0.05% 297
2023
Q1 		$7.25M Sell
73,301
-1,000
-1% -$107K 0.05% 317
2022
Q4 		$7.27M Buy
74,301
+400
+0.5% +$40.3K 0.05% 307
2022
Q3 		$6.72M Sell
73,901
-1,900
-3% -$192K 0.05% 305
2022
Q2 		$7.17M Buy
75,801
+3,100
+4% +$332K 0.05% 296
2022
Q1 		$8.01M Sell
72,701
-1,077
-1% -$127K 0.05% 295
2021
Q4 		$8.53M Sell
73,778
-1,400
-2% -$166K 0.04% 293
2021
Q3 		$9.24M Sell
75,178
-1,500
-2% -$188K 0.05% 257
2021
Q2 		$9.07M Sell
76,678
-300
-0.4% -$33.9K 0.05% 282
2021
Q1 		$7.31M Sell
76,978
-100
-0.1% -$9.43K 0.05% 310
2020
Q4 		$6.98M Sell
77,078
-1,100
-1% -$82.1K 0.05% 300
2020
Q3 		$4.52M Hold
78,178
– – 0.04% 340
2020
Q2 		$3.92M Buy
78,178
+6,335
+9% +$279K 0.03% 352
2020
Q1 		$2.56M Sell
71,843
-4,000
-5% -$265K 0.03% 376
2019
Q4 		$6.43M Sell
75,843
-700
-0.9% -$57.7K 0.05% 268
2019
Q3 		$6.21M Sell
76,543
-1,000
-1% -$82.6K 0.06% 259
2019
Q2 		$6.02M Sell
77,543
-17,100
-18% -$1.32M 0.05% 260
2019
Q1 		$6.74M Sell
94,643
-1,500
-2% -$103K 0.05% 267
2018
Q4 		$5.67M Sell
96,143
-6,000
-6% -$414K 0.05% 281
2018
Q3 		$7.81M Sell
102,143
-1,200
-1% -$90.3K 0.06% 250
2018
Q2 		$7.28M Sell
103,343
-1,100
-1% -$80.7K 0.06% 244
2018
Q1 		$7.51M Sell
104,443
-2,100
-2% -$162K 0.06% 238
2017
Q4 		$8.2M Sell
106,543
-6,400
-6% -$440K 0.06% 220
2017
Q3 		$7.28M Sell
112,943
-12,000
-10% -$728K 0.06% 248
2017
Q2 		$7.77M Sell
124,943
-1,700
-1% -$105K 0.06% 252
2017
Q1 		$8.66M Sell
126,643
-2,300
-2% -$161K 0.07% 225
2016
Q4 		$9.3M Sell
128,943
-11,892
-8% -$756K 0.07% 216
2016
Q3 		$7.96M Sell
140,835
-2,400
-2% -$137K 0.06% 255
2016
Q2 		$7.68M Buy
143,235
+600
+0.4% +$32.6K 0.06% 255
2016
Q1 		$7.26M Sell
142,635
-3,600
-2% -$173K 0.06% 258
2015
Q4 		$7.84M Sell
146,235
-11,100
-7% -$616K 0.06% 232
2015
Q3 		$8.18M Sell
157,335
-14,300
-8% -$784K 0.06% 230
2015
Q2 		$9.89M Sell
171,635
-900
-0.5% -$52.8K 0.07% 226
2015
Q1 		$9.72M Sell
172,535
-14,300
-8% -$847K 0.07% 237
2014
Q4 		$12.2M Sell
186,835
-2,500
-1% -$160K 0.08% 194
2014
Q3 		$12.2M Sell
189,335
-1,700
-0.9% -$107K 0.08% 196
2014
Q2 		$11.8M Sell
191,035
-1,200
-0.6% -$70.1K 0.08% 211
2014
Q1 		$11.2M Sell
192,235
-2,500
-1% -$140K 0.08% 204
2013
Q4 		$10.9M Sell
194,735
-2,000
-1% -$105K 0.08% 196
2013
Q3 		$9.94M Sell
196,735
-2,500
-1% -$125K 0.09% 198
2013
Q2 		$9.49M Buy
+199,235
New +$9.14M 0.09% 190

Other funds holding DFS

DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale Frankfurt, Germany $59.2B AUM 26.02% 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 $5.16B AUM 18.64% 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

State of Michigan Retirement System's DFS Position: Q2 2025 in Review

State of Michigan Retirement System sold out of Discover Financial Services (DFS) in Q2 2025, closing a stake of 68,101 shares — an estimated $11.6M sold.

State of Michigan Retirement System first reported a position in DFS in Q2 2013 and held it in 48 quarters. The position peaked at $12.2M in Q4 2014. 10 funds tracked by Wall St. Rank hold DFS as of Q2 2025.

  • State of Michigan Retirement System reported no remaining Discover Financial Services position as of Q2 2025 after selling out during the quarter.
  • State of Michigan Retirement System sold 68,101 Discover Financial Services shares in Q2 2025, an estimated $11.6M.
  • State of Michigan Retirement System first reported a position in Discover Financial Services in Q2 2013 and held it in 48 quarters.
  • State of Michigan Retirement System's Discover Financial Services position peaked at $12.2M in Q4 2014.
  • 10 funds tracked by Wall St. Rank held Discover Financial Services as of Q2 2025.

Based on State of Michigan Retirement System's 13F filing for Q2 2025, filed 5 Aug 2025.