Discover Financial Services
DFS was delisted on the 18th of May, 2025.
977 hedge funds and large institutions have $24.9B invested in Discover Financial Services in 2023 Q4 according to their latest regulatory filings, with 168 funds opening new positions, 306 increasing their positions, 340 reducing their positions, and 82 closing their positions.
105% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 82
63% more funds holding in top 10
Funds holding in top 10: 8 → 13 (+5)
37% more capital invested
Capital invested by funds: $18.3B → $24.9B (+$6.67B)
8% more funds holding
Funds holding: 906 → 977 (+71)
4.61% more ownership
Funds ownership: 84.18% → 88.79% (+4.6%)
0% more call options, than puts
Call options by funds: $335M | Put options by funds: $334M
10% less repeat investments, than reductions
Existing positions increased: 306 | Existing positions reduced: 340
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$415M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$132M |
| 3 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$103M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$99.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$89.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$103M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$65M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$46M |
| 4 |
Goldman Sachs
New York
|
-$42.3M |
| 5 |
1SP
140 Summer Partners
New York
|
-$41.2M |
DFS Hedge Fund Activity: Q4 2023 in Review
977 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q4 2023, worth a combined $24.9B — up 37% from $18.3B a quarter earlier.
Buyers outnumbered sellers: 168 funds opened new DFS positions and 82 closed out — a net gain of 86 holders — while 306 added to existing stakes and 340 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $415M. The largest seller was Citadel Advisors, cutting an estimated $103M.
- 977 institutional investors held Discover Financial Services (DFS) as of Q4 2023, up from 906 in Q3 2023.
- Funds reported $24.9B of Discover Financial Services stock for Q4 2023, up 37% quarter-over-quarter.
- 168 funds opened new Discover Financial Services positions in Q4 2023 and 82 closed out, a net change of +86 holders.
- The largest Discover Financial Services buyer in Q4 2023 was Morgan Stanley, an estimated $415M added.
- The largest Discover Financial Services seller in Q4 2023 was Citadel Advisors, an estimated $103M sold.
Based on aggregated 13F filings for Q4 2023.