Discover Financial Services
DFS was delisted on the 18th of May, 2025.
905 hedge funds and large institutions have $18.3B invested in Discover Financial Services in 2023 Q3 according to their latest regulatory filings, with 88 funds opening new positions, 316 increasing their positions, 345 reducing their positions, and 142 closing their positions.
1% more call options, than puts
Call options by funds: $305M | Put options by funds: $303M
0.59% more ownership
Funds ownership: 83.59% → 84.18% (+0.59%)
8% less repeat investments, than reductions
Existing positions increased: 316 | Existing positions reduced: 345
7% less funds holding
Funds holding: 972 → 905 (-67)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
26% less capital invested
Capital invested by funds: $24.7B → $18.3B (-$6.43B)
38% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 142
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$308M |
| 2 |
BWA
Brave Warrior Advisors
New York
|
+$237M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$127M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$98M |
| 5 |
PCM
Palestra Capital Management
New York
|
+$93.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$496M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$425M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$120M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$100M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$74.6M |
DFS Hedge Fund Activity: Q3 2023 in Review
905 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q3 2023, worth a combined $18.3B — down 26% from $24.7B a quarter earlier.
Sellers outnumbered buyers: 142 funds closed out of DFS and 88 opened new positions — a net loss of 54 holders — while 345 trimmed existing stakes and 316 added.
The largest buyer was Boston Partners, adding an estimated $308M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $496M sold.
- 905 institutional investors held Discover Financial Services (DFS) as of Q3 2023, down from 972 in Q2 2023.
- Funds reported $18.3B of Discover Financial Services stock for Q3 2023, down 26% quarter-over-quarter.
- 88 funds opened new Discover Financial Services positions in Q3 2023 and 142 closed out, a net change of -54 holders.
- The largest Discover Financial Services buyer in Q3 2023 was Boston Partners, an estimated $308M added.
- The largest Discover Financial Services seller in Q3 2023 was Capital Research Global Investors, an estimated $496M sold.
Based on aggregated 13F filings for Q3 2023.