Discover Financial Services
DFS was delisted on the 18th of May, 2025.
943 hedge funds and large institutions have $30.8B invested in Discover Financial Services in 2021 Q3 according to their latest regulatory filings, with 97 funds opening new positions, 300 increasing their positions, 360 reducing their positions, and 68 closing their positions.
43% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 68
2% more funds holding
Funds holding: 925 → 943 (+18)
1% more capital invested
Capital invested by funds: $30.6B → $30.8B (+$187M)
1.25% less ownership
Funds ownership: 84.9% → 83.64% (-1.3%)
13% less call options, than puts
Call options by funds: $281M | Put options by funds: $321M
17% less funds holding in top 10
Funds holding in top 10: 18 → 15 (-3)
17% less repeat investments, than reductions
Existing positions increased: 300 | Existing positions reduced: 360
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$163M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$140M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$98.1M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$51.2M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$50.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$267M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$226M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$97.7M |
| 4 |
CBT
Capital Bank & Trust
Irvine,
California
|
-$85.5M |
| 5 |
JP Morgan Chase
New York
|
-$81.6M |
DFS Hedge Fund Activity: Q3 2021 in Review
943 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q3 2021, worth a combined $30.8B — up 0.61% from $30.6B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new DFS positions and 68 closed out — a net gain of 29 holders — while 300 added to existing stakes and 360 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $163M. The largest seller was Macquarie Group, cutting an estimated $267M.
- 943 institutional investors held Discover Financial Services (DFS) as of Q3 2021, up from 925 in Q2 2021.
- Funds reported $30.8B of Discover Financial Services stock for Q3 2021, up 0.61% quarter-over-quarter.
- 97 funds opened new Discover Financial Services positions in Q3 2021 and 68 closed out, a net change of +29 holders.
- The largest Discover Financial Services buyer in Q3 2021 was Arrowstreet Capital, an estimated $163M added.
- The largest Discover Financial Services seller in Q3 2021 was Macquarie Group, an estimated $267M sold.
Based on aggregated 13F filings for Q3 2021.