Discover Financial Services
DFS was delisted on the 18th of May, 2025.
1,174 hedge funds and large institutions have $37.6B invested in Discover Financial Services in 2024 Q4 according to their latest regulatory filings, with 203 funds opening new positions, 351 increasing their positions, 418 reducing their positions, and 69 closing their positions.
194% more first-time investments, than exits
New positions opened: 203 | Existing positions closed: 69
68% more funds holding in top 10
Funds holding in top 10: 22 → 37 (+15)
26% more capital invested
Capital invested by funds: $30B → $37.6B (+$7.68B)
11% more funds holding
Funds holding: 1,059 → 1,174 (+115)
1.32% more ownership
Funds ownership: 85.15% → 86.47% (+1.3%)
5% more call options, than puts
Call options by funds: $269M | Put options by funds: $257M
16% less repeat investments, than reductions
Existing positions increased: 351 | Existing positions reduced: 418
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$580M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$197M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$191M |
| 4 |
BlackRock
New York
|
+$186M |
| 5 |
TCA
Taconic Capital Advisors
New York
|
+$180M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$228M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$210M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$196M |
| 4 |
BWA
Brave Warrior Advisors
New York
|
-$153M |
| 5 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$145M |
DFS Hedge Fund Activity: Q4 2024 in Review
1,174 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q4 2024, worth a combined $37.6B — up 26% from $30B a quarter earlier.
Buyers outnumbered sellers: 203 funds opened new DFS positions and 69 closed out — a net gain of 134 holders — while 351 added to existing stakes and 418 trimmed.
The largest buyer was Farallon Capital Management, adding an estimated $580M. The largest seller was Capital World Investors, cutting an estimated $228M.
- 1,174 institutional investors held Discover Financial Services (DFS) as of Q4 2024, up from 1,059 in Q3 2024.
- Funds reported $37.6B of Discover Financial Services stock for Q4 2024, up 26% quarter-over-quarter.
- 203 funds opened new Discover Financial Services positions in Q4 2024 and 69 closed out, a net change of +134 holders.
- The largest Discover Financial Services buyer in Q4 2024 was Farallon Capital Management, an estimated $580M added.
- The largest Discover Financial Services seller in Q4 2024 was Capital World Investors, an estimated $228M sold.
Based on aggregated 13F filings for Q4 2024.