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DFS

Discover Financial Services
DFS

Delisted

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

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10 hedge funds and large institutions have $15.3M invested in Discover Financial Services in 2025 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 1,155 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 5

86.89% less ownership

Funds ownership: 86.93% → 0.04% (-87%)

99% less funds holding

Funds holding: 1,176 → 10 (-1,166)

100% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 1,155

100% less capital invested

Capital invested by funds: $37.3B → $15.3M (-$37.3B)

100% less funds holding in top 10

Funds holding in top 10: 41 → 0 (-41)

Holders
10
Holders Change
-1,166
Holders Change %
-99.15%
% of All Funds
0.13%
Holding in Top 10
–
Holding in Top 10 Change
-41
Holding in Top 10 Change %
-100%
% of All Funds
–
New
1
Increased
2
Reduced
5
Closed
1,155
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
IA
IFP Advisors
Florida
+$146K
2
SS
Sunbelt Securities
Texas
+$1.59K

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$5.32B
2
Capital World Investors
Capital World Investors
California
-$3.53B
3
BlackRock
BlackRock
New York
-$3.51B
4
State Street
State Street
Massachusetts
-$1.87B
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.1B
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
26
UBS AM
Illinois
– -$356M -2,085,202 Closed
SC
27
Sessa Capital
New York
– -$303M -1,776,132 Closed
Balyasny Asset Management
28
Balyasny Asset Management
Illinois
– -$300M -1,758,878 Closed
Legal & General Group
29
Legal & General Group
United Kingdom
– -$296M -1,736,525 Closed
Goldman Sachs
30
Goldman Sachs
New York
– -$296M -1,732,628 Closed
Charles Schwab
31
Charles Schwab
California
– -$294M -1,720,034 Closed
RCMU
32
Rokos Capital Management (UK)
United Kingdom
– -$292M -1,712,342 Closed
Millennium Management
33
Millennium Management
New York
– -$282M -1,651,554 Closed
Eagle Capital Management (New York)
34
Eagle Capital Management (New York)
New York
– -$279M -1,635,707 Closed
BWA
35
Brave Warrior Advisors
New York
– -$275M -1,608,880 Closed
N
36
Nuveen
North Carolina
– -$274M -1,606,904 Closed
Bank of New York Mellon
37
Bank of New York Mellon
New York
– -$274M -1,602,430 Closed
Capital International Investors
38
Capital International Investors
California
– -$266M -1,561,822 Closed
VOYA Investment Management
39
VOYA Investment Management
Georgia
– -$241M -1,411,612 Closed
Arrowstreet Capital
40
Arrowstreet Capital
Massachusetts
– -$238M -1,391,989 Closed
Bank of America
41
Bank of America
North Carolina
– -$234M -1,371,798 Closed
Amundi
42
Amundi
France
– -$208M -1,288,705 Closed
Canada Pension Plan Investment Board
43
Canada Pension Plan Investment Board
Ontario, Canada
– -$210M -1,228,408 Closed
LSV Asset Management
44
LSV Asset Management
Illinois
– -$205M -1,203,093 Closed
Deutsche Bank
45
Deutsche Bank
Germany
– -$189M -1,108,372 Closed
DKCM
46
Davidson Kempner Capital Management
New York
– -$185M -1,084,171 Closed
HSBC Holdings
47
HSBC Holdings
United Kingdom
– -$175M -1,027,595 Closed
AAM
48
Alpine Associates Management
Florida
– -$169M -987,635 Closed
LCM
49
Laurion Capital Management
New York
– -$164M -961,697 Closed
Adage Capital Partners
50
Adage Capital Partners
Massachusetts
– -$163M -955,670 Closed
1
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DFS Hedge Fund Activity: Q2 2025 in Review

10 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q2 2025, worth a combined $15.3M — down 100% from $37.3B a quarter earlier.

Sellers outnumbered buyers: 1,155 funds closed out of DFS and 1 opened new positions — a net loss of 1,154 holders — while 5 trimmed existing stakes and 2 added.

The largest buyer was IFP Advisors, adding an estimated $146K. The largest seller was Vanguard Group, exiting entirely with an estimated $5.32B sold.

  • 10 institutional investors held Discover Financial Services (DFS) as of Q2 2025, down from 1,176 in Q1 2025.
  • Funds reported $15.3M of Discover Financial Services stock for Q2 2025, down 100% quarter-over-quarter.
  • 1 fund opened new Discover Financial Services positions in Q2 2025 and 1,155 closed out, a net change of -1,154 holders.
  • The largest Discover Financial Services buyer in Q2 2025 was IFP Advisors, an estimated $146K added.
  • The largest Discover Financial Services seller in Q2 2025 was Vanguard Group, an estimated $5.32B sold.

Based on aggregated 13F filings for Q2 2025.