Discover Financial Services
DFS was delisted on the 18th of May, 2025.
954 hedge funds and large institutions have $21.3B invested in Discover Financial Services in 2023 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 302 increasing their positions, 389 reducing their positions, and 82 closing their positions.
125% more funds holding in top 10
Funds holding in top 10: 4 → 9 (+5)
1.79% more ownership
Funds ownership: 81.02% → 82.8% (+1.8%)
6% more call options, than puts
Call options by funds: $280M | Put options by funds: $265M
7% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 82
2% less funds holding
Funds holding: 977 → 954 (-23)
16% less capital inflows, than outflows
Capital inflows: $2.29B | Capital outflows: $2.74B
22% less repeat investments, than reductions
Existing positions increased: 302 | Existing positions reduced: 389
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
+$268M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$251M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$173M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$156M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$133M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$496M |
| 2 |
Millennium Management
New York
|
-$167M |
| 3 |
BlackRock
New York
|
-$142M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$132M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$117M |
DFS Hedge Fund Activity: Q1 2023 in Review
954 of the 6,287 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q1 2023, worth a combined $21.3B — down 1.9% from $21.7B a quarter earlier.
Sellers outnumbered buyers: 82 funds closed out of DFS and 76 opened new positions — a net loss of 6 holders — while 389 trimmed existing stakes and 302 added.
The largest buyer was Southpoint Capital Advisors, opening a new position worth an estimated $268M. The largest seller was Macquarie Group, cutting an estimated $496M.
- 954 institutional investors held Discover Financial Services (DFS) as of Q1 2023, down from 977 in Q4 2022.
- Funds reported $21.3B of Discover Financial Services stock for Q1 2023, down 1.9% quarter-over-quarter.
- 76 funds opened new Discover Financial Services positions in Q1 2023 and 82 closed out, a net change of -6 holders.
- The largest Discover Financial Services buyer in Q1 2023 was Southpoint Capital Advisors, an estimated $268M added.
- The largest Discover Financial Services seller in Q1 2023 was Macquarie Group, an estimated $496M sold.
Based on aggregated 13F filings for Q1 2023.