Discover Financial Services
DFS was delisted on the 18th of May, 2025.
851 hedge funds and large institutions have $22.2B invested in Discover Financial Services in 2018 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 249 increasing their positions, 351 reducing their positions, and 77 closing their positions.
26% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 77
2.7% more ownership
Funds ownership: 84.55% → 87.25% (+2.7%)
2% more funds holding
Funds holding: 838 → 851 (+13)
6% less capital invested
Capital invested by funds: $23.6B → $22.2B (-$1.43B)
18% less call options, than puts
Call options by funds: $107M | Put options by funds: $130M
29% less repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 351
36% less funds holding in top 10
Funds holding in top 10: 22 → 14 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$172M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$120M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$89.9M |
| 4 |
Morgan Stanley
New York
|
+$82.3M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$72.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$135M |
| 2 |
State Street
Boston,
Massachusetts
|
-$77M |
| 3 |
Goldman Sachs
New York
|
-$64M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$60.1M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$53.2M |
DFS Hedge Fund Activity: Q1 2018 in Review
851 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q1 2018, worth a combined $22.2B — down 6.1% from $23.6B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new DFS positions and 77 closed out — a net gain of 20 holders — while 249 added to existing stakes and 351 trimmed.
The largest buyer was Eaton Vance Management, adding an estimated $172M. The largest seller was AQR Capital Management, cutting an estimated $135M.
- 851 institutional investors held Discover Financial Services (DFS) as of Q1 2018, up from 838 in Q4 2017.
- Funds reported $22.2B of Discover Financial Services stock for Q1 2018, down 6.1% quarter-over-quarter.
- 97 funds opened new Discover Financial Services positions in Q1 2018 and 77 closed out, a net change of +20 holders.
- The largest Discover Financial Services buyer in Q1 2018 was Eaton Vance Management, an estimated $172M added.
- The largest Discover Financial Services seller in Q1 2018 was AQR Capital Management, an estimated $135M sold.
Based on aggregated 13F filings for Q1 2018.