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DFS

Discover Financial Services
DFS

Delisted

DFS was delisted on the 18th of May, 2025.

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924 hedge funds and large institutions have $20.6B invested in Discover Financial Services in 2022 Q3 according to their latest regulatory filings, with 86 funds opening new positions, 301 increasing their positions, 335 reducing their positions, and 93 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.15% more ownership

Funds ownership: 82% → 83.15% (+1.2%)

8% less first-time investments, than exits

New positions opened: 86 | Existing positions closed: 93

2% less funds holding

Funds holding: 941 → 924 (-17)

5% less capital invested

Capital invested by funds: $21.7B → $20.6B (-$1.15B)

10% less repeat investments, than reductions

Existing positions increased: 301 | Existing positions reduced: 335

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

37% less call options, than puts

Call options by funds: $164M | Put options by funds: $259M

Holders
924
Holders Change
-17
Holders Change %
-1.81%
% of All Funds
15.92%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.09%
New
86
Increased
301
Reduced
335
Closed
93
Calls
$164M
Puts
$259M
Net Calls
-$94.7M
Net Calls Change
+$108M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$621M
2
Citadel Advisors
Citadel Advisors
Florida
+$132M
3
Millennium Management
Millennium Management
New York
+$111M
4
Holocene Advisors
Holocene Advisors
New York
+$72.3M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$67.3M

Top Sellers

1
Capital International Investors
Capital International Investors
California
-$928M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$197M
3
CGPCS
Capital Group Private Client Services
California
-$71.4M
4
Geode Capital Management
Geode Capital Management
Massachusetts
-$66M
5
Ameriprise
Ameriprise
Minnesota
-$65.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$177M +$4.91M +48,486 +3%
First Trust Advisors
27
First Trust Advisors
Illinois
$177M -$10.5M -103,328 -5%
Goldman Sachs
28
Goldman Sachs
New York
$176M +$30.8M +304,480 +19%
Principal Financial Group
29
Principal Financial Group
Iowa
$174M +$24.7M +244,329 +15%
Bank of America
30
Bank of America
North Carolina
$162M -$26.6M -262,924 -13%
Millennium Management
31
Millennium Management
New York
$152M +$111M +1,095,270 +189%
Charles Schwab
32
Charles Schwab
California
$149M +$2.15M +21,278 +1%
UBS Group
33
UBS Group
Switzerland
$148M -$14M -138,681 -8%
Deutsche Bank
34
Deutsche Bank
Germany
$135M +$18.1M +178,392 +14%
Truist Financial
35
Truist Financial
North Carolina
$116M -$794K -7,846 -0.6%
UBS AM
36
UBS AM
Illinois
$113M -$8.65M -85,443 -6%
Nordea Investment Management
37
Nordea Investment Management
Sweden
$112M -$5.85M -57,811 -5%
EVM
38
Eaton Vance Management
Massachusetts
$102M -$18.1M -179,345 -14%
Sumitomo Mitsui Trust Group
39
Sumitomo Mitsui Trust Group
Japan
$97.2M -$13.1M -129,235 -11%
Holocene Advisors
40
Holocene Advisors
New York
$90.5M +$72.3M +714,209 +254%
TCAM
41
Turtle Creek Asset Management
Ontario, Canada
$87.2M +$91.1K +900 +0.1%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$85.9M +$2.87M +28,408 +3%
Schroder Investment Management Group
43
Schroder Investment Management Group
United Kingdom
$79.5M -$9.31M -91,980 -10%
Wells Fargo
44
Wells Fargo
California
$76.2M -$11.3M -111,822 -12%
Robeco Institutional Asset Management
45
Robeco Institutional Asset Management
Netherlands
$75.2M +$1.67M +16,491 +2%
Massachusetts Financial Services
46
Massachusetts Financial Services
Massachusetts
$75M +$612K +6,050 +0.7%
APG Asset Management
47
APG Asset Management
Netherlands
$74.4M -$1.11M -11,000 -1%
Allianz Asset Management
48
Allianz Asset Management
Germany
$72.9M +$10.3M +102,111 +15%
Parnassus Investments
49
Parnassus Investments
California
$72.8M – – –
Amundi
50
Amundi
France
$69M +$12.4M +122,990 +21%
1
2
3 4 5

DFS Hedge Fund Activity: Q3 2022 in Review

924 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q3 2022, worth a combined $20.6B — down 5.3% from $21.7B a quarter earlier.

Sellers outnumbered buyers: 93 funds closed out of DFS and 86 opened new positions — a net loss of 7 holders — while 335 trimmed existing stakes and 301 added.

The largest buyer was Capital World Investors, adding an estimated $621M. The largest seller was Capital International Investors, cutting an estimated $928M.

  • 924 institutional investors held Discover Financial Services (DFS) as of Q3 2022, down from 941 in Q2 2022.
  • Funds reported $20.6B of Discover Financial Services stock for Q3 2022, down 5.3% quarter-over-quarter.
  • 86 funds opened new Discover Financial Services positions in Q3 2022 and 93 closed out, a net change of -7 holders.
  • The largest Discover Financial Services buyer in Q3 2022 was Capital World Investors, an estimated $621M added.
  • The largest Discover Financial Services seller in Q3 2022 was Capital International Investors, an estimated $928M sold.

Based on aggregated 13F filings for Q3 2022.