Discover Financial Services
DFS was delisted on the 18th of May, 2025.
1,059 hedge funds and large institutions have $30B invested in Discover Financial Services in 2024 Q3 according to their latest regulatory filings, with 100 funds opening new positions, 388 increasing their positions, 355 reducing their positions, and 64 closing their positions.
56% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 64
8% more capital invested
Capital invested by funds: $27.8B → $30B (+$2.18B)
3% more funds holding
Funds holding: 1,029 → 1,059 (+30)
9% more repeat investments, than reductions
Existing positions increased: 388 | Existing positions reduced: 355
0.17% more ownership
Funds ownership: 84.98% → 85.15% (+0.17%)
19% less funds holding in top 10
Funds holding in top 10: 27 → 22 (-5)
26% less call options, than puts
Call options by funds: $274M | Put options by funds: $370M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$438M |
| 2 |
BlackRock
New York
|
+$171M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$137M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$85.8M |
| 5 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
-$166M |
| 2 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
-$114M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$95.3M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$84.2M |
| 5 |
SC
Sculptor Capital
New York
|
-$74.8M |
DFS Hedge Fund Activity: Q3 2024 in Review
1,059 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q3 2024, worth a combined $30B — up 7.8% from $27.8B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new DFS positions and 64 closed out — a net gain of 36 holders — while 388 added to existing stakes and 355 trimmed.
The largest buyer was Boston Partners, adding an estimated $438M. The largest seller was Rockefeller Capital Management, cutting an estimated $166M.
- 1,059 institutional investors held Discover Financial Services (DFS) as of Q3 2024, up from 1,029 in Q2 2024.
- Funds reported $30B of Discover Financial Services stock for Q3 2024, up 7.8% quarter-over-quarter.
- 100 funds opened new Discover Financial Services positions in Q3 2024 and 64 closed out, a net change of +36 holders.
- The largest Discover Financial Services buyer in Q3 2024 was Boston Partners, an estimated $438M added.
- The largest Discover Financial Services seller in Q3 2024 was Rockefeller Capital Management, an estimated $166M sold.
Based on aggregated 13F filings for Q3 2024.