Discover Financial Services
DFS was delisted on the 18th of May, 2025.
971 hedge funds and large institutions have $24.7B invested in Discover Financial Services in 2023 Q2 according to their latest regulatory filings, with 97 funds opening new positions, 281 increasing their positions, 426 reducing their positions, and 73 closing their positions.
33% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 73
2% more funds holding
Funds holding: 954 → 971 (+17)
0.7% more ownership
Funds ownership: 82.8% → 83.51% (+0.7%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
7% less call options, than puts
Call options by funds: $319M | Put options by funds: $342M
21% less capital inflows, than outflows
Capital inflows: $1.65B | Capital outflows: $2.08B
34% less repeat investments, than reductions
Existing positions increased: 281 | Existing positions reduced: 426
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$445M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$145M |
| 3 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$110M |
| 4 |
Swiss National Bank
Zurich,
Switzerland
|
+$98.1M |
| 5 |
Holocene Advisors
New York
|
+$84.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$229M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$173M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$169M |
| 4 |
BlackRock
New York
|
-$95.9M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$82.8M |
DFS Hedge Fund Activity: Q2 2023 in Review
971 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q2 2023, worth a combined $24.7B — up 16% from $21.3B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new DFS positions and 73 closed out — a net gain of 24 holders — while 281 added to existing stakes and 426 trimmed.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $445M. The largest seller was Citadel Advisors, cutting an estimated $229M.
- 971 institutional investors held Discover Financial Services (DFS) as of Q2 2023, up from 954 in Q1 2023.
- Funds reported $24.7B of Discover Financial Services stock for Q2 2023, up 16% quarter-over-quarter.
- 97 funds opened new Discover Financial Services positions in Q2 2023 and 73 closed out, a net change of +24 holders.
- The largest Discover Financial Services buyer in Q2 2023 was Capital Research Global Investors, an estimated $445M added.
- The largest Discover Financial Services seller in Q2 2023 was Citadel Advisors, an estimated $229M sold.
Based on aggregated 13F filings for Q2 2023.