Discover Financial Services
DFS was delisted on the 18th of May, 2025.
978 hedge funds and large institutions have $24.4B invested in Discover Financial Services in 2023 Q4 according to their latest regulatory filings, with 169 funds opening new positions, 307 increasing their positions, 339 reducing their positions, and 82 closing their positions.
106% more first-time investments, than exits
New positions opened: 169 | Existing positions closed: 82
63% more funds holding in top 10
Funds holding in top 10: 8 → 13 (+5)
34% more capital invested
Capital invested by funds: $18.3B → $24.4B (+$6.18B)
8% more funds holding
Funds holding: 906 → 978 (+72)
2.84% more ownership
Funds ownership: 84.18% → 87.02% (+2.8%)
0% more call options, than puts
Call options by funds: $335M | Put options by funds: $334M
9% less repeat investments, than reductions
Existing positions increased: 307 | Existing positions reduced: 339
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$132M |
| 2 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$103M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$99.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$89.9M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$74.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$103M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$65M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$46M |
| 4 |
Goldman Sachs
New York
|
-$42.3M |
| 5 |
1SP
140 Summer Partners
New York
|
-$41.2M |
DFS Hedge Fund Activity: Q4 2023 in Review
978 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q4 2023, worth a combined $24.4B — up 34% from $18.3B a quarter earlier.
Buyers outnumbered sellers: 169 funds opened new DFS positions and 82 closed out — a net gain of 87 holders — while 307 added to existing stakes and 339 trimmed.
The largest buyer was Truist Financial, adding an estimated $132M. The largest seller was Citadel Advisors, cutting an estimated $103M.
- 978 institutional investors held Discover Financial Services (DFS) as of Q4 2023, up from 906 in Q3 2023.
- Funds reported $24.4B of Discover Financial Services stock for Q4 2023, up 34% quarter-over-quarter.
- 169 funds opened new Discover Financial Services positions in Q4 2023 and 82 closed out, a net change of +87 holders.
- The largest Discover Financial Services buyer in Q4 2023 was Truist Financial, an estimated $132M added.
- The largest Discover Financial Services seller in Q4 2023 was Citadel Advisors, an estimated $103M sold.
Based on aggregated 13F filings for Q4 2023.