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DFS

Discover Financial Services
DFS

Delisted

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

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859 hedge funds and large institutions have $24B invested in Discover Financial Services in 2020 Q4 according to their latest regulatory filings, with 191 funds opening new positions, 240 increasing their positions, 311 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more first-time investments, than exits

New positions opened: 191 | Existing positions closed: 61

69% more funds holding in top 10

Funds holding in top 10: 13 → 22 (+9)

58% more capital invested

Capital invested by funds: $15.1B → $24B (+$8.83B)

16% more funds holding

Funds holding: 741 → 859 (+118)

0.7% more ownership

Funds ownership: 85.76% → 86.46% (+0.7%)

2% less call options, than puts

Call options by funds: $241M | Put options by funds: $246M

23% less repeat investments, than reductions

Existing positions increased: 240 | Existing positions reduced: 311

Holders
859
Holders Change
+118
Holders Change %
+15.92%
% of All Funds
15.2%
Holding in Top 10
22
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+69.23%
% of All Funds
0.39%
New
191
Increased
240
Reduced
311
Closed
61
Calls
$241M
Puts
$246M
Net Calls
-$5.71M
Net Calls Change
-$18.9M

Top Buyers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
+$613M
2
Capital International Investors
Capital International Investors
California
+$565M
3
Capital World Investors
Capital World Investors
California
+$131M
4
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$61.5M
5
BCPEMI
Bain Capital Public Equity Management II
Massachusetts
+$59.1M

Top Sellers

Rank Fund Capital Flow
1
TCM
Tybourne Capital Management
Hong Kong
-$291M
2
WPL
WINDACRE PARTNERSHIP LLC
Texas
-$278M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$126M
4
DZ Bank
DZ Bank
Germany
-$105M
5
BlackRock
BlackRock
New York
-$56.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWM
826
Focused Wealth Management
New York
$6K -$1.79K -24 -25%
ME
827
McIlrath & Eck
Washington
$5K -$5.89K -79 -58%
HCM
828
Highlander Capital Management
New Jersey
$5K – – –
NCM
829
New Capital Management
Texas
$5K – – –
Kayne Anderson Rudnick Investment Management
830
Kayne Anderson Rudnick Investment Management
California
$5K +$4.25K +57 New
AIM
831
Anchor Investment Management
South Carolina
$4.53K – – –
ECM
832
Estabrook Capital Management
New York
$4.53K – – –
RWML
833
RAFFA WEALTH MANAGEMENT, LLC
District of Columbia
$4.44K – – –
AAP
834
Arax Advisory Partners
Colorado
$4K – – –
HS
835
Horan Securities
United States
$4K – – –
TF
836
TimeScale Financial
Massachusetts
$4K – – –
SIAG
837
Safeguard Investment Advisory Group
California
$4K +$3.51K +47 New
KFS
838
Kelly Financial Services
Massachusetts
$3.44K – – –
BWA
839
BDO Wealth Advisors
Florida
$3K – – –
CA
840
Centerpoint Advisors
Massachusetts
$3K – – –
EW
841
Evoke Wealth
California
$3K – – –
BAM
842
Barrett Asset Management
New York
$3K +$2.24K +30 New
MLFP
843
MPS Loria Financial Planners
Illinois
$3K +$2.24K +30 New
CL
844
COWA LLC
Oklahoma
$3K +$2.39K +32 New
SSWG
845
Seven Springs Wealth Group
Tennessee
$3K +$2.39K +32 New
CFD
846
Creative Financial Designs
Indiana
$2K -$492K -6,599 -100%
AWA
847
Arkadios Wealth Advisors
Georgia
$2K – – –
RIM
848
Rockbridge Investment Management
New York
$2K – – –
TFGT
849
TS Financial Group (TSFG)
Illinois
$2K – – –
CAL
850
Capital Analysts LLC
Pennsylvania
$2K +$1.34K +18 New
32 33
34
35 36

DFS Hedge Fund Activity: Q4 2020 in Review

859 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q4 2020, worth a combined $24B — up 58% from $15.1B a quarter earlier.

Buyers outnumbered sellers: 191 funds opened new DFS positions and 61 closed out — a net gain of 130 holders — while 240 added to existing stakes and 311 trimmed.

The largest buyer was Macquarie Group, adding an estimated $613M. The largest seller was Tybourne Capital Management, exiting entirely with an estimated $291M sold.

  • 859 institutional investors held Discover Financial Services (DFS) as of Q4 2020, up from 741 in Q3 2020.
  • Funds reported $24B of Discover Financial Services stock for Q4 2020, up 58% quarter-over-quarter.
  • 191 funds opened new Discover Financial Services positions in Q4 2020 and 61 closed out, a net change of +130 holders.
  • The largest Discover Financial Services buyer in Q4 2020 was Macquarie Group, an estimated $613M added.
  • The largest Discover Financial Services seller in Q4 2020 was Tybourne Capital Management, an estimated $291M sold.

Based on aggregated 13F filings for Q4 2020.