Vault-13

DISCOVER FINL SVCS DFS

COM · Common Stock · CUSIP 254709108 · ISIN US2547091080

979 institutional holders +52 vs Q3 2022
220,766,193220.8m shares reported held*
$21.6bnreported value*
97 new 330 added 326 reduced 66 sold out net sold ≈ $220.3m (-2.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($147.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.83. Options: 30 managers hold calls ($183.8m notional), 33 hold puts ($292.2m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 927Q4 22: 979979Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022927
Q4 2022979

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ3 22 calls: $164.0mQ3 22 puts: $223.6mQ3 22P/C 1.36Q4 22 calls: $183.8mQ4 22 puts: $292.2mQ4 22P/C 1.59
Numbers
QuarterCallsPutsP/C
Q3 2022$164.0m$223.6m1.36
Q4 2022$183.8m$292.2m1.59

Biggest buyers

MORGAN STANLEY Added +1,293,260+1.3m
Capital World Investors Added +1,229,529+1.2m
EMINENCE CAPITAL, LP New +1,038,969+1.0m
Nuveen Asset Management, LLC Added +705,894+705.9k
MILLENNIUM MANAGEMENT LLC Added +554,772+554.8k
RENAISSANCE TECHNOLOGIES LLC Added +506,100+506.1k
VANGUARD GROUP INC Added +464,536+464.5k
NORGES BANK Added +388,372+388.4k
D. E. Shaw & Co., Inc. Added +371,477+371.5k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +364,988+365.0k

Biggest sellers

Capital International Investors Reduced -4,645,133-4.6m
CITADEL ADVISORS LLC Reduced -1,739,360-1.7m
FMR LLC Reduced -1,039,572-1.0m
PARNASSUS INVESTMENTS, LLC Sold out -800,869-800.9k
Bank of New York Mellon Corp Reduced -631,870-631.9k
PRIMECAP MANAGEMENT CO/CA/ Reduced -625,640-625.6k
Balyasny Asset Management L.P. Sold out -593,251-593.3k
AXA S.A. Reduced -581,743-581.7k
Junto Capital Management LP Sold out -547,427-547.4k
Invesco Ltd. Reduced -393,145-393.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $40.7m416.1k shares
CITADEL ADVISORS LLC Reduced $23.9m244.6k shares
Parallax Volatility Advisers, L.P. Reduced $23.2m237.1k shares
Twin Tree Management, LP Reduced $21.9m223.8k shares
MILLENNIUM MANAGEMENT LLC Added $13.1m134.0k shares
JANE STREET GROUP, LLC Reduced $8.8m89.5k shares
GROUP ONE TRADING LLC Added $8.7m89.1k shares
SIMPLEX TRADING, LLC Added $8.4m86.3k shares
Walleye Trading LLC Added $7.3m74.7k shares
BANK OF AMERICA CORP /DE/ Added $5.9m60.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $53.2m543.6k shares
Deer Park Road Corp New $48.9m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $26.1m267.2k shares
Parallax Volatility Advisers, L.P. Reduced $24.9m254.9k shares
SOROS FUND MANAGEMENT LLC New $24.5m250.0k shares
Saba Capital Management, L.P. Unchanged $16.6m170.0k shares
MILLENNIUM MANAGEMENT LLC Added $14.0m143.0k shares
Walleye Trading LLC Reduced $12.4m126.6k shares
Twin Tree Management, LP New $12.0m122.8k shares
NOMURA HOLDINGS INC New $9.8m100.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution -1.1 pts · filed 2025-04-24 7.6% -1.1 pts 19.1m 2025-04-24

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.10% of their portfolio Valley Forge, PA 35,852,49735.9m $3.5bn $3.5bn 0.10% Added +464.5k +464,536
2 BlackRock Inc. 0.06% of their portfolio New York, NY 20,286,76320.3m $2.0bn $2.0bn 0.06% Added +184.1k +184,144
3 Capital World Investors 0.39% of their portfolio LOS ANGELES, CA 18,919,48718.9m $1.9bn $1.9bn 0.39% Added +1.2m +1,229,529
4 STATE STREET CORP 0.07% of their portfolio BOSTON, MA 11,707,46111.7m $1.1bn $1.1bn 0.07% Reduced -31.4k -31,409
5 FMR LLC 0.07% of their portfolio BOSTON, MA 6,975,2057.0m $682.4m $682.4m 0.07% Reduced -1.0m -1,039,572
6 GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio BOSTON, MA 5,662,2345.7m $553.6m $553.6m 0.08% Added +50.6k +50,588
7 MACQUARIE GROUP LTD 0.59% of their portfolio Sydney, NSW 2000, C3 5,121,3565.1m $501.0m $501.0m 0.59% Added +293.9k +293,924
8 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,927,3424.9m $482.0m $482.0m 0.05% Added +1.3m +1,293,260
9 Boston Partners 0.55% of their portfolio BOSTON, MA 4,125,0404.1m $403.8m $403.8m 0.55% Added +34.0k +34,033
10 NORGES BANK 0.08% of their portfolio OSLO, Q8 3,482,2903.5m $340.7m $340.7m 0.08% Added +388.4k +388,372
11 NORTHERN TRUST CORP 0.07% of their portfolio CHICAGO, IL 3,186,8723.2m $311.8m $311.8m 0.07% Reduced -126.8k -126,763
12 Nuveen Asset Management, LLC 0.11% of their portfolio CHICAGO, IL 2,819,8192.8m $275.9m $275.9m 0.11% Added +705.9k +705,894
13 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.38% of their portfolio BOSTON, MA 2,749,9142.7m $269.0m $269.0m 0.38% Added +365.0k +364,988
14 DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio AUSTIN, TX 2,532,2902.5m $247.7m $247.7m 0.09% Added +50.0k +49,968
15 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 2,521,2082.5m $246.6m $246.6m 0.08% Added +46.4k +46,389
16 PRIMECAP MANAGEMENT CO/CA/ 0.21% of their portfolio PASADENA, CA 2,329,8792.3m $227.9m $227.9m 0.21% Reduced -625.6k -625,640
17 BARCLAYS PLC 0.19% of their portfolio LONDON, X0 2,286,6222.3m $223.7m $223.7m 0.19% First filing
18 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 2,271,0012.3m $222.2m $222.2m 0.06% Added +329.8k +329,810
19 Bank of New York Mellon Corp 0.05% of their portfolio NEW YORK, NY 2,240,3602.2m $219.2m $219.2m 0.05% Reduced -631.9k -631,870
20 MILLENNIUM MANAGEMENT LLC 0.24% of their portfolio NEW YORK, NY 2,228,2632.2m $218.0m $218.0m 0.24% Added +554.8k +554,772
21 LSV ASSET MANAGEMENT 0.46% of their portfolio CHICAGO, IL 2,120,8592.1m $207.5m $207.5m 0.46% Reduced -362.6k -362,579
22 Legal & General Group Plc 0.08% of their portfolio London, X0 2,018,5492.0m $197.5m $197.5m 0.08% Reduced -127.6k -127,574
23 FIRST TRUST ADVISORS LP 0.23% of their portfolio Wheaton, IL 1,968,4862.0m $192.6m $192.6m 0.23% Added +20.6k +20,644
24 PRINCIPAL FINANCIAL GROUP INC 0.14% of their portfolio DES MOINES, IA 1,906,0581.9m $186.5m $186.5m 0.14% Reduced -10.8k -10,769
25 DEUTSCHE BANK AG\ 0.10% of their portfolio FRANKFURT AM MAIN, 2M 1,820,3931.8m $178.1m $178.1m 0.10% Added +337.8k +337,835
26 Allspring Global Investments Holdings, LLC 0.30% of their portfolio CHARLOTTE, NC 1,796,0071.8m $175.7m $175.7m 0.30% Reduced -179.5k -179,537
27 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,786,3031.8m $174.8m $174.8m 0.02% Reduced -164.5k -164,534
28 UBS Group AG 0.08% of their portfolio ZURICH, V8 1,717,2481.7m $168.0m $168.0m 0.08% Added +93.7k +93,746
29 Capital International Investors 0.04% of their portfolio Los Angeles, CA 1,701,2641.7m $166.4m $166.4m 0.04% Reduced -4.6m -4,645,133
30 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 1,670,6931.7m $163.4m $163.4m 0.05% Added +32.7k +32,744
31 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,616,6261.6m $158.2m $158.2m 0.02% Reduced -160.6k -160,625
32 Invesco Ltd. 0.05% of their portfolio ATLANTA, GA 1,597,8621.6m $156.3m $156.3m 0.05% Reduced -393.1k -393,145
33 TRUIST FINANCIAL CORP 0.21% of their portfolio CHARLOTTE, NC 1,221,5491.2m $119.5m $119.5m 0.21% Reduced -55.2k -55,158
34 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio NEW YORK, NY 1,196,9061.2m $117.1m $117.1m 0.06% Reduced -40.6k -40,645
35 NORDEA INVESTMENT MANAGEMENT AB 0.17% of their portfolio STOCKHOLM, V7 1,151,7751.2m $111.5m $111.5m 0.17% Reduced -70.1k -70,081
36 CITADEL ADVISORS LLC 0.12% of their portfolio MIAMI, FL 1,080,1791.1m $105.7m $105.7m 0.12% Reduced -1.7m -1,739,360
37 EMINENCE CAPITAL, LP 1.89% of their portfolio NEW YORK, NY 1,038,9691.0m $101.6m $101.6m 1.89% New
38 TURTLE CREEK ASSET MANAGEMENT INC. 3.44% of their portfolio TORONTO, A6 998,105998.1k $97.6m $97.6m 3.44% Added +39.5k +39,520
39 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 958,769958.8k $93.8m $93.8m 0.05% Added +13.7k +13,742
40 Allianz Asset Management GmbH 0.19% of their portfolio MUNICH, 2M 896,666896.7k $87.7m $87.7m 0.19% Added +94.7k +94,715
41 D. E. Shaw & Co., Inc. 0.14% of their portfolio New York, NY 847,831847.8k $82.9m $82.9m 0.14% Added +371.5k +371,477
42 Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio CHIYODA-KU, TOKYO, M0 838,572838.6k $82.0m $82.0m 0.06% Reduced -230.5k -230,480
43 Robeco Institutional Asset Management B.V. 0.24% of their portfolio ROTTERDAM, P7 835,983836.0k $81.8m $81.8m 0.24% Added +8.7k +8,684
44 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 830,086830.1k $81.2m $81.2m 0.03% Added +4.7k +4,734
45 APG Asset Management N.V. 0.15% of their portfolio Amsterdam, P7 825,132825.1k $80.7m $80.7m 0.15% Added +23.5k +23,451
46 Holocene Advisors, LP 0.48% of their portfolio New York, NY 789,767789.8k $77.3m $77.3m 0.48% Reduced -205.7k -205,679
47 Man Group plc 0.26% of their portfolio LONDON, X0 745,240745.2k $72.9m $72.9m 0.26% Added +134.2k +134,234
48 Ensign Peak Advisors, Inc 0.15% of their portfolio SALT LAKE CITY, UT 675,993676.0k $66.1m $66.1m 0.15% Added +4.3k +4,259
49 National Pension Service 0.13% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 656,890656.9k $64.3m $64.3m 0.13% Reduced -13.4k -13,401
50 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 648,317648.3k $63.4m $63.4m 0.05% Added +11.8k +11,819
51 SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio London, X0 640,019640.0k $62.6m $62.6m 0.10% Reduced -234.0k -233,994
52 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 617,265617.3k $60.4m $60.4m 0.02% Added +135.3k +135,345
53 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 592,166592.2k $57.9m $57.9m 0.01% Reduced -32.8k -32,764
54 Amundi 0.03% of their portfolio Paris, I0 583,379583.4k $62.4m $62.4m 0.03% Reduced -130.0k -129,956
55 Alyeska Investment Group, L.P. 0.57% of their portfolio CHICAGO, IL 566,297566.3k $55.4m $55.4m 0.57% Added +327.2k +327,233
56 RHUMBLINE ADVISERS 0.07% of their portfolio BOSTON, MA 554,931554.9k $54.3m $54.3m 0.07% Added +13.5k +13,522
57 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 520,955521.0k $51.0m $51.0m 0.02% Reduced -316.8k -316,817
58 RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio NEW YORK, NY 509,100509.1k $49.8m $49.8m 0.07% Added +506.1k +506,100
59 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 495,394495.4k $48.5m $48.5m 0.03% Reduced -50.4k -50,368
60 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 491,311491.3k $48.1m $48.1m 0.12% Added +65.3k +65,306
61 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 487,621487.6k $47.6m $47.6m 0.06% Added +214.3k +214,316
62 AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio Greenwich, CT 454,293454.3k $44.0m $44.0m 0.10% Reduced -1.6k -1,575
63 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 452,454452.5k $44.3m $44.3m 0.05% Reduced -62.9k -62,948
64 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio WEST SACRAMENTO, CA 450,730450.7k $44.1m $44.1m 0.07% Reduced -3.4k -3,442
65 Avalon Investment & Advisory 1.25% of their portfolio HOUSTON, TX 447,601447.6k $43.8m $43.8m 1.25% Reduced -22.1k -22,079
66 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 443,860443.9k $43.4m $43.4m 0.02% Added +61.8k +61,775
67 Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio TOKYO, M0 425,552425.6k $41.6m $41.6m 0.11% Added +193.2k +193,154
68 Corient Private Wealth LP 0.14% of their portfolio MIAMI, FL 397,388397.4k $38.9m $38.9m 0.14% First filing
69 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio Boston, MA 393,808393.8k $38.5m $38.5m 0.09% Added +129.5k +129,500
70 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 388,694388.7k $38.0m $38.0m 0.04% Added +13.3k +13,295
71 BRUNI J V & CO /CO 5.32% of their portfolio COLORADO SPRINGS, CO 387,595387.6k $37.9m $37.9m 5.32% Added +2.1k +2,055
72 VAUGHAN DAVID INVESTMENTS LLC/IL 1.11% of their portfolio PEORIA, IL 380,544380.5k $37.2m $37.2m 1.11% Added +715 +715
73 Brandywine Global Investment Management, LLC 0.29% of their portfolio PHILADELPHIA, PA 380,493380.5k $37.2m $37.2m 0.29% Added +98.8k +98,772
74 Rathbones Group PLC 0.42% of their portfolio Liverpool, X0 376,879376.9k $36.9m $36.9m 0.42% Added +33.5k +33,491
75 Qube Research & Technologies Ltd 0.22% of their portfolio LONDON, X0 371,948371.9k $36.4m $36.4m 0.22% Added +346.8k +346,760
76 M&G INVESTMENT MANAGEMENT LTD 0.27% of their portfolio London, X0 370,557370.6k $36.3m $36.3m 0.27% Reduced -10.2k -10,161
77 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio ALBANY, NY 356,223356.2k $34.8m $34.8m 0.09% Reduced -10.5k -10,474
78 Cubist Systematic Strategies, LLC 0.30% of their portfolio STAMFORD, CT 355,547355.5k $34.8m $34.8m 0.30% Added +244.1k +244,067
79 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio TALLAHASSEE, FL 351,281351.3k $34.4m $34.4m 0.08% Reduced -720 -720
80 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 350,832350.8k $34.3m $34.3m 0.02% Reduced -76.1k -76,058
81 WATERS PARKERSON & CO., LLC 2.06% of their portfolio NEW ORLEANS, LA 350,812350.8k $34.3m $34.3m 2.06% Reduced -721 -721
82 Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio Boston, MA 349,716349.7k $34.2m $34.2m 0.18% Added +45.0k +45,036
83 SMITH CHAS P & ASSOCIATES PA CPAS 2.36% of their portfolio LAKELAND, FL 339,888339.9k $33.3m $33.3m 2.36% Added +1.3k +1,332
84 CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio TORONTO ONTARIO, A6 315,900315.9k $30.9m $30.9m 0.05% Added +222.5k +222,500
85 MOORE CAPITAL MANAGEMENT, LP 0.87% of their portfolio NEW YORK, NY 315,365315.4k $30.9m $30.9m 0.87% New
86 NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio MONTREAL, A8 315,207315.2k $30.8m $30.8m 0.08% Added +161.1k +161,127
87 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 308,373308.4k $30.2m $30.2m 0.03% Reduced -15.0k -15,000
88 Cerity Partners LLC 0.19% of their portfolio NEW YORK, NY 303,334303.3k $29.7m $29.7m 0.19% Added +10.4k +10,364
89 WEDGE CAPITAL MANAGEMENT L L P/NC 0.47% of their portfolio CHARLOTTE, NC 301,121301.1k $29.5m $29.5m 0.47% Added +18.2k +18,235
90 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.47% of their portfolio Stamford, CT 296,305296.3k $29.0m $29.0m 0.47% Added +15.9k +15,883
91 NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio ALBANY, NY 294,182294.2k $28.8m $28.8m 0.04% Reduced -160.8k -160,834
92 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 288,159288.2k $28.2m $28.2m 0.05% Added +22.9k +22,911
93 Korea Investment CORP 0.09% of their portfolio SEOUL, M5 286,023286.0k $28.0m $28.0m 0.09% Added +116.2k +116,206
94 Associated Banc-Corp 1.10% of their portfolio Green Bay, WI 270,674270.7k $26.5m $26.5m 1.10% Added +3.6k +3,599
95 CANADA LIFE ASSURANCE Co 0.07% of their portfolio WINNIPEG, A2 269,011269.0k $26.4m $26.4m 0.07% Reduced -18.5k -18,519
96 PINEBRIDGE INVESTMENTS, L.P. 0.31% of their portfolio NEW YORK, NY 259,279259.3k $25.4m $25.4m 0.31% Added +9.3k +9,283
97 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 257,098257.1k $25.2m $25.2m 0.04% Reduced -13.6k -13,580
98 Gillson Capital LP 1.90% of their portfolio CHICAGO, IL 256,644256.6k $25.1m $25.1m 1.90% Reduced -14.5k -14,541
99 Candriam S.C.A. 0.17% of their portfolio STRASSEN, N4 255,971256.0k $25.0m $25.0m 0.17% Added +13.5k +13,547
100 STRS OHIO 0.11% of their portfolio COLUMBUS, OH 255,000255.0k $24.9m $24.9m 0.11% Added +209.0k +209,000