Discover Financial Services
DFS was delisted on the 18th of May, 2025.
852 hedge funds and large institutions have $22B invested in Discover Financial Services in 2018 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 248 increasing their positions, 352 reducing their positions, and 77 closing their positions.
27% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 77
1.99% more ownership
Funds ownership: 84.55% → 86.54% (+2%)
2% more funds holding
Funds holding: 838 → 852 (+14)
7% less capital invested
Capital invested by funds: $23.6B → $22B (-$1.62B)
18% less call options, than puts
Call options by funds: $107M | Put options by funds: $130M
30% less repeat investments, than reductions
Existing positions increased: 248 | Existing positions reduced: 352
36% less funds holding in top 10
Funds holding in top 10: 22 → 14 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$120M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$89.9M |
| 3 |
Morgan Stanley
New York
|
+$82.3M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$72.3M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$60.3M |
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
852 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q1 2018, worth a combined $22B — down 6.9% from $23.6B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new DFS positions and 77 closed out — a net gain of 21 holders — while 248 added to existing stakes and 352 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $120M. The largest seller was AQR Capital Management, cutting an estimated $135M.
- 852 institutional investors held Discover Financial Services (DFS) as of Q1 2018, up from 838 in Q4 2017.
- Funds reported $22B of Discover Financial Services stock for Q1 2018, down 6.9% quarter-over-quarter.
- 98 funds opened new Discover Financial Services positions in Q1 2018 and 77 closed out, a net change of +21 holders.
- The largest Discover Financial Services buyer in Q1 2018 was Fidelity Investments, an estimated $120M 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.