Discover Financial Services
DFS was delisted on the 18th of May, 2025.
979 hedge funds and large institutions have $21.7B invested in Discover Financial Services in 2022 Q4 according to their latest regulatory filings, with 136 funds opening new positions, 330 increasing their positions, 327 reducing their positions, and 65 closing their positions.
109% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 65
6% more funds holding
Funds holding: 925 → 979 (+54)
5% more capital invested
Capital invested by funds: $20.6B → $21.7B (+$1.08B)
1% more repeat investments, than reductions
Existing positions increased: 330 | Existing positions reduced: 327
1.2% less ownership
Funds ownership: 83.15% → 81.95% (-1.2%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
37% less call options, than puts
Call options by funds: $184M | Put options by funds: $292M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$130M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$124M |
| 3 |
EC
Eminence Capital
New York
|
+$105M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$71M |
| 5 |
Millennium Management
New York
|
+$55.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$467M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$175M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$105M |
| 4 |
Parnassus Investments
San Francisco,
California
|
-$72.8M |
| 5 |
Rockefeller Capital Management
New York
|
-$67.3M |
DFS Hedge Fund Activity: Q4 2022 in Review
979 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q4 2022, worth a combined $21.7B — up 5.3% from $20.6B a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new DFS positions and 65 closed out — a net gain of 71 holders — while 330 added to existing stakes and 327 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $130M. The largest seller was Capital International Investors, cutting an estimated $467M.
- 979 institutional investors held Discover Financial Services (DFS) as of Q4 2022, up from 925 in Q3 2022.
- Funds reported $21.7B of Discover Financial Services stock for Q4 2022, up 5.3% quarter-over-quarter.
- 136 funds opened new Discover Financial Services positions in Q4 2022 and 65 closed out, a net change of +71 holders.
- The largest Discover Financial Services buyer in Q4 2022 was Morgan Stanley, an estimated $130M added.
- The largest Discover Financial Services seller in Q4 2022 was Capital International Investors, an estimated $467M sold.
Based on aggregated 13F filings for Q4 2022.