Discover Financial Services
DFS was delisted on the 18th of May, 2025.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$613M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$565M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$131M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$61.5M |
| 5 |
BCPEMI
Bain Capital Public Equity Management II
Boston,
Massachusetts
|
+$59.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tybourne Capital Management
Hong Kong
|
-$291M |
| 2 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
-$278M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$126M |
| 4 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$105M |
| 5 |
BlackRock
New York
|
-$56.3M |
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.