Vault-13

DISCOVER FINL SVCS DFS

COM · Common Stock · CUSIP 254709108 · ISIN US2547091080

1,031 institutional holders -6 vs Q1 2024
213,724,056213.7m shares reported held*
$27.9bnreported value*
78 new 339 added 375 reduced 82 sold out net sold ≈ $1.2bn (-9.8m 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 ($123.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $130.50. Options: 29 managers hold calls ($134.3m notional), 30 hold puts ($172.9m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 927Q4 22: 979Q1 23: 958Q2 23: 976Q3 23: 910Q4 23: 980Q1 24: 1,037Q2 24: 1,0311,031Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022927
Q4 2022979
Q1 2023958
Q2 2023976
Q3 2023910
Q4 2023980
Q1 20241,037
Q2 20241,031

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
5000500Q4 22: 427 bought or addedQ4 22: 392 cut or sold outQ4 22Q1 23: 374 bought or addedQ1 23: 469 cut or sold outQ2 23: 367 bought or addedQ2 23: 500 cut or sold outQ2 23Q3 23: 389 bought or addedQ3 23: 487 cut or sold outQ4 23: 417 bought or addedQ4 23: 423 cut or sold outQ4 23Q1 24: 431 bought or addedQ1 24: 487 cut or sold outQ2 24: 417 bought or addedQ2 24: 457 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022427392
Q1 2023374469
Q2 2023367500
Q3 2023389487
Q4 2023417423
Q1 2024431487
Q2 2024417457

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 23 calls: $305.4mQ3 23 puts: $303.2mQ3 23P/C 0.99Q4 23 calls: $337.2mQ4 23 puts: $338.9mQ4 23P/C 1.01Q1 24 calls: $243.4mQ1 24 puts: $236.7mQ1 24P/C 0.97Q2 24 calls: $134.3mQ2 24 puts: $172.9mQ2 24P/C 1.29
Numbers
QuarterCallsPutsP/C
Q3 2023$305.4m$303.2m0.99
Q4 2023$337.2m$338.9m1.01
Q1 2024$243.4m$236.7m0.97
Q2 2024$134.3m$172.9m1.29

Biggest buyers

Capital World Investors Added +3,525,029+3.5m
VOYA INVESTMENT MANAGEMENT LLC Added +1,618,401+1.6m
Laurion Capital Management LP New +1,005,532+1.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +803,021+803.0k
BlackRock Inc. Added +761,131+761.1k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +652,275+652.3k
MOORE CAPITAL MANAGEMENT, LP Added +620,912+620.9k
DEUTSCHE BANK AG\ Added +558,469+558.5k
SAMLYN CAPITAL, LLC Added +508,504+508.5k
EAGLE CAPITAL MANAGEMENT LLC Added +508,296+508.3k

Biggest sellers

MORGAN STANLEY Reduced -9,084,040-9.1m
Boston Partners Reduced -2,358,813-2.4m
Pentwater Capital Management LP Sold out -1,550,000-1.6m
BARCLAYS PLC Reduced -1,459,828-1.5m
Palestra Capital Management LLC Sold out -921,858-921.9k
EMINENCE CAPITAL, LP Sold out -917,048-917.0k
PRIMECAP MANAGEMENT CO/CA/ Reduced -502,780-502.8k
PRINCIPAL FINANCIAL GROUP INC Reduced -478,551-478.6k
Duquesne Family Office LLC Reduced -477,950-477.9k
ROYAL BANK OF CANADA Reduced -445,195-445.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $29.0m221.4k shares
CITADEL ADVISORS LLC Reduced $25.7m196.2k shares
Balyasny Asset Management L.P. New $13.4m102.4k shares
Walleye Trading LLC Reduced $10.8m82.7k shares
MILLENNIUM MANAGEMENT LLC Reduced $10.7m81.9k shares
GROUP ONE TRADING LLC Reduced $10.4m79.6k shares
IMC-Chicago, LLC Reduced $5.0m38.3k shares
WOLVERINE TRADING, LLC Reduced $5.0m37.9k shares
BARCLAYS PLC New $2.3m17.5k shares
Cubist Systematic Strategies, LLC Reduced $2.2m16.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $42.8m327.3k shares
MILLENNIUM MANAGEMENT LLC Reduced $28.5m217.7k shares
CITADEL ADVISORS LLC Reduced $16.6m126.9k shares
Walleye Trading LLC Reduced $16.1m123.1k shares
JPMORGAN CHASE & CO Unchanged $10.8m82.8k shares
IMC-Chicago, LLC Reduced $6.2m47.6k shares
SIMPLEX TRADING, LLC Reduced $5.6m43.0k shares
GROUP ONE TRADING LLC Added $5.3m40.4k shares
Parallax Volatility Advisers, L.P. Reduced $4.7m35.8k shares
GTS SECURITIES LLC Reduced $4.1m31.4k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.08% of their portfolio Valley Forge, PA 30,500,27930.5m $4.0bn $4.0bn 0.08% Added +69.5k +69,456
2 Capital World Investors 0.43% of their portfolio LOS ANGELES, CA 20,255,81220.3m $2.6bn $2.6bn 0.43% Added +3.5m +3,525,029
3 BlackRock Inc. 0.06% of their portfolio New York, NY 19,370,12319.4m $2.5bn $2.5bn 0.06% Added +761.1k +761,131
4 STATE STREET CORP 0.06% of their portfolio BOSTON, MA 10,417,44310.4m $1.4bn $1.4bn 0.06% Added +73.6k +73,561
5 FMR LLC 0.06% of their portfolio BOSTON, MA 6,935,6356.9m $907.3m $907.3m 0.06% Added +365.9k +365,941
6 GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio BOSTON, MA 6,091,2216.1m $797.2m $797.2m 0.07% Added +70.0k +70,039
7 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,687,5714.7m $613.2m $613.2m 0.05% Reduced -9.1m -9,084,040
8 NORGES BANK 0.08% of their portfolio OSLO, Q8 4,339,1274.3m $567.6m $567.6m 0.08% Added +66.9k +66,943
9 DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio AUSTIN, TX 3,688,6833.7m $482.4m $482.4m 0.13% Reduced -10.7k -10,700
10 Brave Warrior Advisors, LLC 10.03% of their portfolio New York, NY 3,460,9723.5m $452.7m $452.7m 10.03% Added +150.9k +150,895
11 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,377,3223.4m $441.8m $441.8m 0.02% Reduced -442.3k -442,332
12 Sessa Capital IM, L.P. 12.91% of their portfolio NEW YORK, NY 2,528,8792.5m $330.8m $330.8m 12.91% Reduced -29.2k -29,183
13 Balyasny Asset Management L.P. 0.83% of their portfolio Chicago, IL 2,444,6262.4m $319.8m $319.8m 0.83% Reduced -272.5k -272,531
14 Invesco Ltd. 0.07% of their portfolio ATLANTA, GA 2,398,8212.4m $313.8m $313.8m 0.07% Added +136.0k +135,993
15 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 2,353,9792.4m $307.9m $307.9m 0.05% Reduced -13.8k -13,768
16 Bank of New York Mellon Corp 0.05% of their portfolio NEW YORK, NY 2,029,4522.0m $265.5m $265.5m 0.05% Added +5.0k +4,996
17 Southpoint Capital Advisors LP 6.51% of their portfolio NEW YORK, NY 2,000,0002.0m $261.6m $261.6m 6.51% Added +200.0k +200,000
18 MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 1,848,3641.8m $241.8m $241.8m 0.20% Reduced -277.6k -277,563
19 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 1,846,5691.8m $241.5m $241.5m 0.05% Added +348.0k +347,971
20 Capital International Investors 0.05% of their portfolio Los Angeles, CA 1,823,2841.8m $238.5m $238.5m 0.05% Added +204.7k +204,729
21 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio NEW YORK, NY 1,822,4501.8m $238.4m $238.4m 0.07% Added +652.3k +652,275
22 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.21% of their portfolio BOSTON, MA 1,815,7641.8m $237.5m $237.5m 0.21% Added +803.0k +803,021
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 1,720,5251.7m $225.1m $225.1m 0.04% Added +21.7k +21,695
24 VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio ATLANTA, GA 1,699,4741.7m $222.3m $222.3m 0.22% Added +1.6m +1,618,401
25 Boston Partners 0.28% of their portfolio BOSTON, MA 1,693,7641.7m $221.6m $221.6m 0.28% Reduced -2.4m -2,358,813
26 FIRST TRUST ADVISORS LP 0.22% of their portfolio Wheaton, IL 1,685,8321.7m $220.5m $220.5m 0.22% Reduced -190.2k -190,213
27 Legal & General Group Plc 0.06% of their portfolio London, X0 1,659,5561.7m $217.1m $217.1m 0.06% Reduced -45.6k -45,551
28 LSV ASSET MANAGEMENT 0.47% of their portfolio CHICAGO, IL 1,627,1491.6m $212.8m $212.8m 0.47% Reduced -63.8k -63,800
29 EAGLE CAPITAL MANAGEMENT LLC 0.75% of their portfolio New York, NY 1,545,3371.5m $202.1m $202.1m 0.75% Added +508.3k +508,296
30 DEUTSCHE BANK AG\ 0.09% of their portfolio FRANKFURT AM MAIN, 2M 1,469,8891.5m $192.3m $192.3m 0.09% Added +558.5k +558,469
31 Sculptor Capital LP 3.53% of their portfolio New York, NY 1,303,5221.3m $170.5m $170.5m 3.53% Reduced -13.1k -13,100
32 COOKE & BIELER LP 1.61% of their portfolio PHILADELPHIA, PA 1,281,9501.3m $167.7m $167.7m 1.61% Added +62.6k +62,595
33 Rockefeller Capital Management L.P. 0.47% of their portfolio NEW YORK, NY 1,276,1851.3m $166.9m $166.9m 0.47% Reduced -61.9k -61,863
34 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 1,234,9591.2m $161.5m $161.5m 0.56% Reduced -12.6k -12,624
35 HSBC HOLDINGS PLC 0.10% of their portfolio LONDON, X0 1,181,3331.2m $154.1m $154.1m 0.10% Added +73.9k +73,902
36 AustralianSuper Pty Ltd 0.88% of their portfolio MELBOURNE, C3 1,162,4951.2m $152.1m $152.1m 0.88% Added +6.0k +6,042
37 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 1,141,1601.1m $149.3m $149.3m 0.02% Added +277.8k +277,841
38 KBC Group NV 0.42% of their portfolio Brussels, C9 1,074,9651.1m $140.6m $140.6m 0.42% Reduced -46.9k -46,909
39 CITADEL ADVISORS LLC 0.14% of their portfolio MIAMI, FL 1,073,0111.1m $140.4m $140.4m 0.14% Added +62.4k +62,423
40 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 1,059,3861.1m $138.6m $138.6m 0.04% Reduced -114.6k -114,552
41 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,041,2811.0m $136.2m $136.2m 0.05% Reduced -118.6k -118,583
42 Laurion Capital Management LP 4.29% of their portfolio NEW YORK, NY 1,005,5321.0m $131.5m $131.5m 4.29% New
43 Nuveen Asset Management, LLC 0.04% of their portfolio CHICAGO, IL 933,733933.7k $122.1m $122.1m 0.04% Reduced -132.9k -132,856
44 TURTLE CREEK ASSET MANAGEMENT INC. 2.93% of their portfolio TORONTO, A6 871,212871.2k $114.0m $114.0m 2.93% Reduced -34.5k -34,550
45 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 867,376867.4k $113.5m $113.5m 0.01% Reduced -82.0k -82,027
46 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 864,561864.6k $113.1m $113.1m 0.03% Reduced -108.3k -108,335
47 UBS Group AG 0.03% of their portfolio ZURICH, V8 862,650862.6k $112.8m $112.8m 0.03% Added +196.3k +196,303
48 ALPINE ASSOCIATES MANAGEMENT INC. 5.40% of their portfolio PALM BEACH, FL 859,494859.5k $112.4m $112.4m 5.40% Reduced -140.1k -140,113
49 Amundi 0.04% of their portfolio Paris, I0 858,033858.0k $113.3m $113.3m 0.04% Reduced -64.5k -64,515
50 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 823,940823.9k $107.8m $107.8m 0.05% Reduced -1.5m -1,459,828
51 PRIMECAP MANAGEMENT CO/CA/ 0.07% of their portfolio PASADENA, CA 766,213766.2k $100.2m $100.2m 0.07% Reduced -502.8k -502,780
52 Swiss National Bank 0.07% of their portfolio ZURICH, V8 743,090743.1k $97.2m $97.2m 0.07% Reduced -5.8k -5,800
53 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 702,112702.1k $91.8m $91.8m 0.03% Added +187.3k +187,308
54 Elser Financial Planning, Inc 5.46% of their portfolio INDIANAPOLIS, IN 696,005696.0k $32.7m $32.7m 5.46% First filing
55 SAMLYN CAPITAL, LLC 1.45% of their portfolio New York, NY 646,691646.7k $84.6m $84.6m 1.45% Added +508.5k +508,504
56 MOORE CAPITAL MANAGEMENT, LP 1.84% of their portfolio NEW YORK, NY 640,912640.9k $83.8m $83.8m 1.84% Added +620.9k +620,912
57 Canoe Financial LP 1.55% of their portfolio CALGARY, A0 637,241637.2k $83.5m $83.5m 1.55% Unchanged
58 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio Toronto, A6 619,818619.8k $81.1m $81.1m 0.08% Added +116.4k +116,412
59 Thrivent Financial for Lutherans 0.16% of their portfolio Minneapolis, MN 604,964605.0k $79.1m $79.1m 0.16% Reduced -6.1k -6,114
60 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.14% of their portfolio Boston, MA 582,459582.5k $76.2m $76.2m 0.14% Added +12.3k +12,321
61 Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio CHIYODA-KU, TOKYO, M0 573,353573.4k $75.0m $75.0m 0.06% Reduced -47.4k -47,369
62 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 567,109567.1k $71.7m $71.7m 0.02% Reduced -280.0k -280,043
63 MACQUARIE GROUP LTD 0.08% of their portfolio Sydney, NSW 2000, C3 549,089549.1k $71.8m $71.8m 0.08% Reduced -268.2k -268,244
64 RHUMBLINE ADVISERS 0.07% of their portfolio BOSTON, MA 546,948546.9k $71.5m $71.5m 0.07% Added +30.4k +30,361
65 Magnetar Financial LLC 1.49% of their portfolio EVANSTON, IL 546,896546.9k $71.5m $71.5m 1.49% Unchanged
66 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 537,621537.6k $70.3m $70.3m 0.02% Reduced -445.2k -445,195
67 APG Asset Management N.V. 0.12% of their portfolio Amsterdam, P7 531,618531.6k $64.9m $64.9m 0.12% Reduced -152.3k -152,319
68 Corient Private Wealth LP 0.12% of their portfolio MIAMI, FL 531,035531.0k $69.5m $69.5m 0.12% Reduced -143.0k -142,987
69 Alyeska Investment Group, L.P. 0.38% of their portfolio CHICAGO, IL 500,233500.2k $65.4m $65.4m 0.38% Added +40.6k +40,635
70 M&G PLC 0.38% of their portfolio London, X0 488,732488.7k $64.0m $64.0m 0.38% Added +9.1k +9,119
71 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 483,739483.7k $63.3m $63.3m 0.05% Added +9.6k +9,606
72 Ensign Peak Advisors, Inc 0.12% of their portfolio SALT LAKE CITY, UT 482,642482.6k $63.1m $63.1m 0.12% Reduced -18.7k -18,736
73 Point72 Asset Management, L.P. 0.20% of their portfolio STAMFORD, CT 478,599478.6k $62.6m $62.6m 0.20% Added +192.1k +192,142
74 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 444,496444.5k $58.1m $58.1m 0.01% Added +167.7k +167,724
75 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio WEST SACRAMENTO, CA 423,482423.5k $55.4m $55.4m 0.07% Added +18.6k +18,633
76 NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio MONTREAL, A8 408,871408.9k $54.3m $54.3m 0.08% Reduced -34.8k -34,836
77 Grantham, Mayo, Van Otterloo & Co. LLC 0.17% of their portfolio Boston, MA 395,103395.1k $51.7m $51.7m 0.17% Reduced -11.1k -11,103
78 National Pension Service 0.06% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 382,942382.9k $50.1m $50.1m 0.06% Reduced -6.5k -6,459
79 BRUNI J V & CO /CO 6.16% of their portfolio COLORADO SPRINGS, CO 377,985378.0k $49.4m $49.4m 6.16% Reduced -5.1k -5,088
80 MARSHALL WACE, LLP 0.07% of their portfolio LONDON, X0 371,914371.9k $48.7m $48.7m 0.07% Reduced -100.3k -100,335
81 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 364,260364.3k $47.6m $47.6m 0.08% Reduced -170.9k -170,861
82 Azora Capital LP 2.57% of their portfolio MIAMI, FL 344,931344.9k $45.1m $45.1m 2.57% Added +72.1k +72,062
83 WATERS PARKERSON & CO., LLC 2.38% of their portfolio NEW ORLEANS, LA 341,916341.9k $44.7m $44.7m 2.38% Reduced -4.9k -4,867
84 NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio STOCKHOLM, V7 341,465341.5k $44.3m $44.3m 0.05% Reduced -25.4k -25,390
85 Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio TOKYO, M0 336,382336.4k $44.0m $44.0m 0.05% Added +42.6k +42,620
86 LOS ANGELES CAPITAL MANAGEMENT LLC 0.16% of their portfolio LOS ANGELES, CA 336,272336.3k $44.0m $44.0m 0.16% Reduced -77.6k -77,551
87 Bronte Capital Management Pty Ltd. 3.34% of their portfolio Bondi Junction, C3 326,594326.6k $42.7m $42.7m 3.34% Added +78.5k +78,535
88 Khrom Capital Management LLC 8.01% of their portfolio Miami Beach, FL 324,065324.1k $42.4m $42.4m 8.01% Reduced -9.7k -9,740
89 CANADA LIFE ASSURANCE Co 0.08% of their portfolio WINNIPEG, A2 323,490323.5k $42.3m $42.3m 0.08% Added +7.0k +6,990
90 AQR Arbitrage LLC 1.04% of their portfolio Greenwich, CT 316,590316.6k $40.3m $40.3m 1.04% Added +32.1k +32,054
91 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 303,805303.8k $39.7m $39.7m 0.04% Added +75.8k +75,795
92 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 300,118300.1k $39.3m $39.3m 0.06% Reduced -242.3k -242,302
93 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 298,440298.4k $39.0m $39.0m 0.04% Added +54.8k +54,820
94 Robeco Institutional Asset Management B.V. 0.08% of their portfolio ROTTERDAM, P7 289,039289.0k $37.8m $37.8m 0.08% Reduced -5.5k -5,519
95 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 288,122288.1k $37.7m $37.7m 0.01% Reduced -25.2k -25,179
96 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 285,512285.5k $37.3m $37.3m 0.02% Reduced -478.6k -478,551
97 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 275,430275.4k $36.0m $36.0m 0.10% Reduced -32.4k -32,359
98 MANGROVE PARTNERS IM, LLC 2.81% of their portfolio Greenwich, CT 268,771268.8k $35.2m $35.2m 2.81% New
99 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio ALBANY, NY 263,216263.2k $34.4m $34.4m 0.07% Reduced -28.3k -28,256
100 Holocene Advisors, LP 0.14% of their portfolio New York, NY 257,667257.7k $33.7m $33.7m 0.14% Added +146.1k +146,085