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DFS

Discover Financial Services
DFS

Delisted

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

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972 hedge funds and large institutions have $24.7B invested in Discover Financial Services in 2023 Q2 according to their latest regulatory filings, with 98 funds opening new positions, 282 increasing their positions, 426 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 73

16% more capital invested

Capital invested by funds: $21.2B → $24.7B (+$3.45B)

2% more funds holding

Funds holding: 954 → 972 (+18)

0.78% more ownership

Funds ownership: 82.8% → 83.59% (+0.78%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

7% less call options, than puts

Call options by funds: $319M | Put options by funds: $342M

34% less repeat investments, than reductions

Existing positions increased: 282 | Existing positions reduced: 426

Holders
972
Holders Change
+18
Holders Change %
+1.89%
% of All Funds
15.26%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
98
Increased
282
Reduced
426
Closed
73
Calls
$319M
Puts
$342M
Net Calls
-$22.8M
Net Calls Change
-$37.8M

Top Buyers

1
Capital Research Global Investors
Capital Research Global Investors
California
+$445M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$145M
3
MA
Marshfield Associates
District of Columbia
+$110M
4
Swiss National Bank
Swiss National Bank
Switzerland
+$98.1M
5
Holocene Advisors
Holocene Advisors
New York
+$84.6M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$229M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$173M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$169M
4
BlackRock
BlackRock
New York
-$95.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$82.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BGIM
76
Brandywine Global Investment Management
Pennsylvania
$43.5M -$1.51M -14,394 -4%
MCM
77
Moore Capital Management
New York
$43M +$17.2M +163,920 +80%
Assenagon Asset Management
78
Assenagon Asset Management
Luxembourg
$42.2M +$36.3M +346,167 +2,373%
Robeco Institutional Asset Management
79
Robeco Institutional Asset Management
Netherlands
$42M -$15.9M -151,610 -30%
WPC
80
Waters Parkerson & Co
Louisiana
$40.9M -$113K -1,079 -0.3%
CPSAC
81
Chas P. Smith & Associates (CPS)
Florida
$40.5M +$578K +5,519 +2%
ERSOT
82
Employees Retirement System of Texas
Texas
$38.9M – – –
AllianceBernstein
83
AllianceBernstein
Tennessee
$38.9M -$1.16M -11,046 -3%
New York State Teachers Retirement System (NYSTRS)
84
New York State Teachers Retirement System (NYSTRS)
New York
$37.9M -$2.75M -26,216 -7%
KBC Group
85
KBC Group
Belgium
$37.6M +$9.74M +92,997 +41%
State Board of Administration of Florida Retirement System
86
State Board of Administration of Florida Retirement System
Florida
$35.6M -$4.4M -41,995 -12%
Ensign Peak Advisors
87
Ensign Peak Advisors
Utah
$35.3M -$4.4M -41,947 -12%
WCM
88
Wedge Capital Management
North Carolina
$34.4M -$1.74M -16,570 -5%
Korea Investment Corp
89
Korea Investment Corp
South Korea
$33.8M -$12.8M -122,293 -30%
Man Group
90
Man Group
United Kingdom
$33.4M +$29.9M +285,758 New
Cerity Partners
91
Cerity Partners
New York
$32.4M -$116K -1,111 -0.4%
Canada Life
92
Canada Life
Manitoba, Canada
$31.3M -$1.32M -12,622 -5%
Prudential Financial
93
Prudential Financial
New Jersey
$30.9M -$2.57M -24,523 -8%
AQR Capital Management
94
AQR Capital Management
Connecticut
$30.4M -$12.5M -119,245 -31%
New York State Common Retirement Fund
95
New York State Common Retirement Fund
New York
$29.9M -$1.79M -17,075 -6%
Citigroup
96
Citigroup
New York
$29.6M -$1.33M -12,736 -5%
Adage Capital Partners
97
Adage Capital Partners
Massachusetts
$29.6M -$13.3M -127,270 -33%
DDPIC
98
Deroy & Devereaux Private Investment Counsel
Michigan
$28.8M +$47.8K +456 +0.2%
RJA
99
Raymond James & Associates
Florida
$28.7M -$3.4M -32,426 -12%
ABC
100
Associated Banc-Corp
Wisconsin
$28.4M -$2.95M -28,179 -10%
2 3
4
5 6

DFS Hedge Fund Activity: Q2 2023 in Review

972 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q2 2023, worth a combined $24.7B — up 16% from $21.2B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new DFS positions and 73 closed out — a net gain of 25 holders — while 282 added to existing stakes and 426 trimmed.

The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $445M. The largest seller was Citadel Advisors, cutting an estimated $229M.

  • 972 institutional investors held Discover Financial Services (DFS) as of Q2 2023, up from 954 in Q1 2023.
  • Funds reported $24.7B of Discover Financial Services stock for Q2 2023, up 16% quarter-over-quarter.
  • 98 funds opened new Discover Financial Services positions in Q2 2023 and 73 closed out, a net change of +25 holders.
  • The largest Discover Financial Services buyer in Q2 2023 was Capital Research Global Investors, an estimated $445M added.
  • The largest Discover Financial Services seller in Q2 2023 was Citadel Advisors, an estimated $229M sold.

Based on aggregated 13F filings for Q2 2023.