Discover Financial Services
DFS was delisted on the 18th of May, 2025.
925 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.
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: 942 → 925 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$621M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$132M |
| 3 |
Millennium Management
New York
|
+$111M |
| 4 |
Holocene Advisors
New York
|
+$72.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$67.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$928M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$197M |
| 3 |
CGPCS
Capital Group Private Client Services
Los Angeles,
California
|
-$71.4M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$66M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$65.7M |
DFS Hedge Fund Activity: Q3 2022 in Review
925 of the 5,806 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.
- 925 institutional investors held Discover Financial Services (DFS) as of Q3 2022, down from 942 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.