Discover Financial Services
DFS was delisted on the 18th of May, 2025.
1,178 hedge funds and large institutions have $37.3B invested in Discover Financial Services in 2025 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 393 increasing their positions, 442 reducing their positions, and 109 closing their positions.
19% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 109
11% more funds holding in top 10
Funds holding in top 10: 37 → 41 (+4)
0.46% more ownership
Funds ownership: 86.47% → 86.93% (+0.46%)
0% more funds holding
Funds holding: 1,175 → 1,178 (+3)
1% less capital invested
Capital invested by funds: $37.6B → $37.3B (-$329M)
11% less repeat investments, than reductions
Existing positions increased: 393 | Existing positions reduced: 442
47% less call options, than puts
Call options by funds: $186M | Put options by funds: $348M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$224M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$217M |
| 3 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
+$210M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$198M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$179M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$277M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$217M |
| 3 |
BlackRock
New York
|
-$215M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$204M |
| 5 |
BWA
Brave Warrior Advisors
New York
|
-$167M |
DFS Hedge Fund Activity: Q1 2025 in Review
1,178 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Discover Financial Services (DFS) for Q1 2025, worth a combined $37.3B — down 0.88% from $37.6B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new DFS positions and 109 closed out — a net gain of 21 holders — while 393 added to existing stakes and 442 trimmed.
The largest buyer was UBS O'Connor, adding an estimated $224M. The largest seller was First Trust Advisors, cutting an estimated $277M.
- 1,178 institutional investors held Discover Financial Services (DFS) as of Q1 2025, up from 1,175 in Q4 2024.
- Funds reported $37.3B of Discover Financial Services stock for Q1 2025, down 0.88% quarter-over-quarter.
- 130 funds opened new Discover Financial Services positions in Q1 2025 and 109 closed out, a net change of +21 holders.
- The largest Discover Financial Services buyer in Q1 2025 was UBS O'Connor, an estimated $224M added.
- The largest Discover Financial Services seller in Q1 2025 was First Trust Advisors, an estimated $277M sold.
Based on aggregated 13F filings for Q1 2025.