State of Tennessee, Department of Treasury
DFS

State of Tennessee, Department of Treasury’s Discover Financial Services DFS Stock Holding History

State of Tennessee, Department of Treasury’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
-95,528
Closed -$16.3M – 1735
2025
Q1 		$16.3M Buy
95,528
+878
+0.9% +$161K 0.06% 270
2024
Q4 		$16.4M Sell
94,650
-4,158
-4% -$682K 0.06% 269
2024
Q3 		$13.9M Buy
98,808
+24,535
+33% +$3.3M 0.05% 303
2024
Q2 		$9.72M Sell
74,273
-39,622
-35% -$4.94M 0.04% 375
2024
Q1 		$14.9M Buy
113,895
+74,746
+191% +$8.57M 0.06% 297
2023
Q4 		$4.4M Hold
39,149
– – 0.02% 586
2023
Q3 		$3.39M Sell
39,149
-31,757
-45% -$3.15M 0.01% 636
2023
Q2 		$8.29M Sell
70,906
-48,535
-41% -$5.09M 0.03% 356
2023
Q1 		$11.8M Sell
119,441
-14,040
-11% -$1.5M 0.05% 290
2022
Q4 		$13.1M Sell
133,481
-5,488
-4% -$552K 0.06% 267
2022
Q3 		$12.6M Buy
138,969
+39,873
+40% +$4.03M 0.06% 269
2022
Q2 		$9.37M Sell
99,096
-2,260
-2% -$242K 0.04% 320
2022
Q1 		$11.2M Buy
101,356
+19,385
+24% +$2.28M 0.04% 307
2021
Q4 		$9.47M Buy
81,971
+7,896
+11% +$934K 0.03% 351
2021
Q3 		$9.1M Sell
74,075
-2,791
-4% -$350K 0.04% 338
2021
Q2 		$9.09M Buy
76,866
+1,254
+2% +$142K 0.03% 356
2021
Q1 		$7.18M Sell
75,612
-16,614
-18% -$1.57M 0.03% 412
2020
Q4 		$8.35M Buy
92,226
+30,351
+49% +$2.26M 0.04% 361
2020
Q3 		$3.58M Sell
61,875
-73,847
-54% -$3.87M 0.02% 573
2020
Q2 		$6.8M Buy
135,722
+62,022
+84% +$2.73M 0.03% 357
2020
Q1 		$2.63M Sell
73,700
-310,767
-81% -$20.6M 0.01% 588
2019
Q4 		$32.6M Buy
384,467
+23,406
+6% +$1.93M 0.14% 154
2019
Q3 		$29.3M Buy
361,061
+24,581
+7% +$2.03M 0.14% 161
2019
Q2 		$26.1M Sell
336,480
-11,738
-3% -$909K 0.13% 165
2019
Q1 		$24.8M Buy
348,218
+38,344
+12% +$2.63M 0.12% 199
2018
Q4 		$18.3M Sell
309,874
-14,251
-4% -$984K 0.1% 218
2018
Q3 		$24.8M Sell
324,125
-8,695
-3% -$655K 0.12% 193
2018
Q2 		$23.4M Sell
332,820
-17,919
-5% -$1.31M 0.12% 209
2018
Q1 		$25.2M Sell
350,739
-6,934
-2% -$535K 0.13% 193
2017
Q4 		$27.5M Buy
357,673
+26,360
+8% +$1.81M 0.12% 183
2017
Q3 		$21.4M Sell
331,313
-2,674
-0.8% -$162K 0.11% 206
2017
Q2 		$20.8M Sell
333,987
-39,400
-11% -$2.44M 0.1% 220
2017
Q1 		$25.5M Sell
373,387
-150,137
-29% -$10.5M 0.12% 190
2016
Q4 		$37.7M Sell
523,524
-98,542
-16% -$6.26M 0.2% 125
2016
Q3 		$35.2M Sell
622,066
-198,957
-24% -$11.4M 0.17% 144
2016
Q2 		$44M Buy
821,023
+344,155
+72% +$18.7M 0.22% 113
2016
Q1 		$24.3M Buy
476,868
+28,849
+6% +$1.39M 0.14% 174
2015
Q4 		$24M Sell
448,019
-7,475
-2% -$415K 0.14% 167
2015
Q3 		$23.7M Sell
455,494
-3,000
-0.7% -$165K 0.15% 177
2015
Q2 		$26.4M Sell
458,494
-104,506
-19% -$6.13M 0.15% 171
2015
Q1 		$31.7M Sell
563,000
-427,270
-43% -$25.3M 0.17% 149
2014
Q4 		$64.9M Buy
990,270
+41,300
+4% +$2.65M 0.35% 68
2014
Q3 		$61.1M Sell
948,970
-158,284
-14% -$9.92M 0.35% 69
2014
Q2 		$68.6M Sell
1,107,254
-32,446
-3% -$1.9M 0.39% 59
2014
Q1 		$66.3M Buy
1,139,700
+275,000
+32% +$15.4M 0.39% 64
2013
Q4 		$48.4M Sell
864,700
-100,925
-10% -$5.29M 0.28% 88
2013
Q3 		$48.8M Buy
+965,625
New +$48.3M 0.3% 82

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 Tennessee, Department of Treasury's DFS Position: Q2 2025 in Review

State of Tennessee, Department of Treasury sold out of Discover Financial Services (DFS) in Q2 2025, closing a stake of 95,528 shares — an estimated $16.3M sold.

State of Tennessee, Department of Treasury first reported a position in DFS in Q3 2013 and held it in 47 quarters. The position peaked at $68.6M in Q2 2014. 10 funds tracked by Wall St. Rank hold DFS as of Q2 2025.

  • State of Tennessee, Department of Treasury reported no remaining Discover Financial Services position as of Q2 2025 after selling out during the quarter.
  • State of Tennessee, Department of Treasury sold 95,528 Discover Financial Services shares in Q2 2025, an estimated $16.3M.
  • State of Tennessee, Department of Treasury first reported a position in Discover Financial Services in Q3 2013 and held it in 47 quarters.
  • State of Tennessee, Department of Treasury's Discover Financial Services position peaked at $68.6M in Q2 2014.
  • 10 funds tracked by Wall St. Rank held Discover Financial Services as of Q2 2025.

Based on State of Tennessee, Department of Treasury's 13F filing for Q2 2025, filed 15 Aug 2025.