Discover Financial Services
DFS was delisted on the 18th of May, 2025.
1,036 hedge funds and large institutions have $27.9B invested in Discover Financial Services in 2024 Q1 according to their latest regulatory filings, with 160 funds opening new positions, 286 increasing their positions, 402 reducing their positions, and 85 closing their positions.
88% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 85
77% more funds holding in top 10
Funds holding in top 10: 13 → 23 (+10)
12% more capital invested
Capital invested by funds: $24.9B → $27.9B (+$2.97B)
6% more funds holding
Funds holding: 977 → 1,036 (+59)
5% more call options, than puts
Call options by funds: $243M | Put options by funds: $231M
3.64% less ownership
Funds ownership: 88.79% → 85.15% (-3.6%)
29% less repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 402
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sessa Capital
New York
|
+$293M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$270M |
| 3 |
Millennium Management
New York
|
+$243M |
| 4 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$178M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$161M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$575M |
| 2 |
Morgan Stanley
New York
|
-$491M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$446M |
| 4 |
MA
Marshfield Associates
Washington,
District of Columbia
|
-$278M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$218M |
DFS Hedge Fund Activity: Q1 2024 in Review
1,036 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q1 2024, worth a combined $27.9B — up 12% from $24.9B a quarter earlier.
Buyers outnumbered sellers: 160 funds opened new DFS positions and 85 closed out — a net gain of 75 holders — while 286 added to existing stakes and 402 trimmed.
The largest buyer was Sessa Capital, opening a new position worth an estimated $293M. The largest seller was Boston Partners, cutting an estimated $575M.
- 1,036 institutional investors held Discover Financial Services (DFS) as of Q1 2024, up from 977 in Q4 2023.
- Funds reported $27.9B of Discover Financial Services stock for Q1 2024, up 12% quarter-over-quarter.
- 160 funds opened new Discover Financial Services positions in Q1 2024 and 85 closed out, a net change of +75 holders.
- The largest Discover Financial Services buyer in Q1 2024 was Sessa Capital, an estimated $293M added.
- The largest Discover Financial Services seller in Q1 2024 was Boston Partners, an estimated $575M sold.
Based on aggregated 13F filings for Q1 2024.