SLM CORP SLM
COM · Common Stock · CUSIP 78442P106 · ISIN US78442P1066
- SectorFinancials
- IndustryPersonal Credit Institutions
- HeadquartersNewark, DE
- Founded1972
- Websitesalliemae.com
- FilingsSEC EDGAR
* 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 ($26.1m this quarter). Holder counts are more reliable. Shares outstanding: 187.9m as of 2026-06-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $25.93. Options: 9 managers hold calls ($11.6m notional), 7 hold puts ($2.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 305 |
| Q4 2022 | 300 |
| Q1 2023 | 300 |
| Q2 2023 | 292 |
| Q3 2023 | 296 |
| Q4 2023 | 308 |
| Q1 2024 | 316 |
| Q2 2024 | 299 |
| Q3 2024 | 321 |
| Q4 2024 | 347 |
| Q1 2025 | 400 |
| Q2 2025 | 429 |
| Q3 2025 | 395 |
| Q4 2025 | 374 |
| Q1 2026 | 373 |
| Q2 2026 | 391 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 144 | 147 |
| Q4 2024 | 160 | 158 |
| Q1 2025 | 190 | 161 |
| Q2 2025 | 228 | 179 |
| Q3 2025 | 171 | 226 |
| Q4 2025 | 135 | 233 |
| Q1 2026 | 205 | 187 |
| Q2 2026 | 184 | 182 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $14.3m | $63.2m | 4.43 |
| Q4 2025 | $9.0m | $29.8m | 3.31 |
| Q1 2026 | $35.5m | $7.9m | 0.22 |
| Q2 2026 | $11.6m | $2.0m | 0.17 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.1m |
| GOLDMAN SACHS GROUP INC | Added | +3.2m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +2.2m |
| Walleye Capital LLC | Added | +2.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +1.2m |
| AQR CAPITAL MANAGEMENT LLC | Added | +997.4k |
| Boston Partners | Added | +995.3k |
| FIRST TRUST ADVISORS LP | Added | +965.6k |
| AMERICAN CENTURY COMPANIES INC | Added | +890.7k |
Biggest sellers
| Impactive Capital LP | Reduced | -2.5m |
| DME Capital Management, LP | Sold out | -2.1m |
| CITADEL ADVISORS LLC | Reduced | -1.6m |
| BlackRock, Inc. | Reduced | -1.3m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -1.2m |
| ABN AMRO Bank N.V. | Sold out | -1.1m |
| FMR LLC | Reduced | -864.5k |
| Trexquant Investment LP | Reduced | -800.4k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -679.8k |
| Capital Research Global Investors | Reduced | -632.0k |
Biggest calls
| PEAK6 LLC | Unchanged | $6.5m250.0k shares |
| IMC-Chicago, LLC | Reduced | $1.6m60.7k shares |
| CITADEL ADVISORS LLC | Added | $1.3m50.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m41.0k shares |
| JANE STREET GROUP, LLC | Added | $658.9k25.4k shares |
| Walleye Trading LLC | Reduced | $272.4k10.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $197.1k7.6k shares |
| GROUP ONE TRADING LLC | Reduced | $51.9k2.0k shares |
| Walleye Capital LLC | Reduced | $13.0k500 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $897.5k34.6k shares |
| JANE STREET GROUP, LLC | Reduced | $425.4k16.4k shares |
| Walleye Trading LLC | Reduced | $319.1k12.3k shares |
| CITADEL ADVISORS LLC | Reduced | $256.8k9.9k shares |
| Walleye Capital LLC | Reduced | $80.4k3.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.2k200 shares |
| GROUP ONE TRADING LLC | Reduced | $2.6k100 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.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution new · filed 2025-05-12 | 8.9% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution new · filed 2026-08-14 | 6.6% |
| Brave Warrior Advisors, LLC 13G · institution +1.3 pts · filed 2025-11-06 | 6.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: Capital Research Global Investors (2.8%, 2026-05-14), BARROW HANLEY MEWHINNEY & STRAUSS LLC (2.6%, 2026-05-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $324.4k | $324.4k |
| Q1 2025 | 1 | $289.0k | 3 | $2.5m | — |
| Q2 2025 | 0 | — | 2 | $434.2k | — |
| Q3 2025 | 0 | — | 1 | $1.8m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 17.6m $455.6m | Reduced -1.3m |
| FMR LLC 0.02% of their portfolio | 17.1m $442.3m | Reduced -864.5k |
| Brave Warrior Advisors, LLC 7.56% of their portfolio | 13.4m $347.1m | Reduced -203.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 12.5m $324.8m | Added +4.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 9.6m $249.6m | Reduced -1.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 8.2m $212.7m | Reduced -365.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 7.9m $204.9m | Added +383.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.55% of their portfolio | 7.2m $187.2m | Added +730.1k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 7.2m $186.9m | Added +890.7k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.51% of their portfolio | 6.5m $169.1m | Added +1.3m |
| STATE STREET CORP 0.01% of their portfolio | 6.5m $168.9m | Added +58.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 6.2m $160.5m | Reduced -441.1k |
| Impactive Capital LP 9.83% of their portfolio | 5.3m $137.7m | Reduced -2.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 5.2m $135.0m | Added +3.2m |
| Capital Research Global Investors 0.02% of their portfolio | 4.7m $121.3m | Reduced -632.0k |
| Azora Capital LP 4.13% of their portfolio | 3.8m $97.9m | Added +568.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.7m $95.5m | Reduced -415.0k |
| MORGAN STANLEY 0.00% of their portfolio | 3.3m $86.4m | Added +560.0k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 3.3m $84.8m | Added +965.6k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 3.0m $78.5m | Reduced -87.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.3m $60.1m | Added +32.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 2.3m $59.6m | Added +2.2m |
| Walleye Capital LLC 0.27% of their portfolio | 2.2m $56.6m | Added +2.2m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.08% of their portfolio | 2.1m $54.9m | Added +330.8k |
| Boston Partners 0.04% of their portfolio | 1.8m $47.4m | Added +995.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $46.5m | Reduced -633 |
| UBS Group AG 0.01% of their portfolio | 1.8m $45.8m | Reduced -42.3k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.7m $44.3m | Reduced -1.6m |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.6m $41.2m | Added +997.4k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.07% of their portfolio | 1.6m $40.5m | Reduced -74.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.5m $39.3m | Reduced -112.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $37.3m | Added +770.6k |
| Arnhold LLC 2.28% of their portfolio | 1.3m $32.5m | Reduced -15.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.2m $30.9m | New |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.2m $30.9m | Reduced -50.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.2m $30.5m | Reduced -300.5k |
| NORGES BANK 0.00% of their portfolio | 1.2m $30.2m | Not comparable |
| Polaris Capital Management, LLC 2.63% of their portfolio | 1.1m $28.0m | Reduced -351.4k |
| Squarepoint Ops LLC 0.05% of their portfolio | 1.0m $26.9m | Added +174 |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 996.2k $25.8m | Reduced -204.7k |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 922.6k $23.9m | Added +21.5k |
| Invesco Ltd. 0.00% of their portfolio | 859.7k $22.3m | Added +225.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 794.2k $20.6m | Reduced -9.6k |
| Act Two Investors LLC 3.76% of their portfolio | 716.8k $18.6m | Added +9.2k |
| Quantinno Capital Management LP 0.02% of their portfolio | 654.2k $17.0m | Added +356.7k |
| Parkwood LLC 1.19% of their portfolio | 640.2k $16.6m | Reduced -63.5k |
| Nuveen, LLC 0.00% of their portfolio | 622.2k $16.1m | Added +143.0k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 552.3k $14.3m | Added +726 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 502.4k $13.0m | Reduced -41.7k |
| Tidal Investments LLC 0.03% of their portfolio | 497.7k $12.9m | Added +26.0k |
| NATIXIS 0.06% of their portfolio | 473.1k $12.3m | New |
| Gator Capital Management, LLC 2.55% of their portfolio | 457.7k $11.9m | Reduced -61.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 451.2k $12.0m | Reduced -52.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 428.3k $11.1m | Reduced -16.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 415.0k $10.8m | Reduced -25.9k |
| Cambria Investment Management, L.P. 0.52% of their portfolio | 404.7k $10.5m | Reduced -50.7k |
| Man Group plc 0.02% of their portfolio | 386.2k $10.0m | Reduced -227.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 383.1k $9.9m | Reduced -15.3k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.18% of their portfolio | 382.2k $9.9m | Reduced -19.1k |
| Swiss National Bank 0.01% of their portfolio | 377.8k $9.8m | Reduced -3.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 376.5k $9.8m | Reduced -102.7k |
| Trexquant Investment LP 0.05% of their portfolio | 313.0k $8.1m | Reduced -800.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 310.5k $6.6m | Added +70.5k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.51% of their portfolio | 293.1k $7.6m | Added +3.0k |
| Systematic Alpha Investments, LLC 0.19% of their portfolio | 277.9k $7.2m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 276.4k $7.2m | Reduced -13.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 267.3k $6.9m | Added +80.8k |
| BESSEMER GROUP INC 0.01% of their portfolio | 264.3k $6.9m | Added +129.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 243.8k $6.3m | Added +6.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 234.6k $6.1m | Reduced -26.3k |
| ALGERT GLOBAL LLC 0.07% of their portfolio | 228.1k $5.9m | Added +121.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 227.8k $5.9m | Reduced -122.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 219.4k $5.7m | Reduced -7.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 217.1k $5.6m | Reduced -18.9k |
| Illinois Municipal Retirement Fund 0.06% of their portfolio | 212.2k $5.5m | Reduced -588 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 210.9k $5.5m | Reduced -3.8k |
| PDT Partners, LLC 0.28% of their portfolio | 202.8k $5.3m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 201.7k $5.2m | Reduced -679.8k |
| AYAL Capital Advisors Ltd 2.66% of their portfolio | 200.0k $5.2m | Reduced -100.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 199.6k $5.2m | Added +90.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 195.3k $5.1m | Reduced -25.6k |
| Retirement Systems of Alabama 0.02% of their portfolio | 195.1k $5.1m | Reduced -49.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 192.9k $5.0m | Added +5.8k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 188.3k $4.9m | New |
| Vest Financial, LLC 0.05% of their portfolio | 187.4k $4.9m | Added +37.4k |
| HARBOR CAPITAL ADVISORS, INC. 0.33% of their portfolio | 184.6k $4.8m | Added +14.7k |
| Interval Partners, LP 0.15% of their portfolio | 184.2k $4.8m | Added +17.1k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 183.1k $4.7m | New |
| HRT FINANCIAL LP 0.01% of their portfolio | 181.0k $4.7m | New |
| SummitTX Capital, L.P. 0.12% of their portfolio | 175.1k $4.5m | Reduced -16.8k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.02% of their portfolio | 161.3k $4.2m | Added +37.0k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 159.3k $4.1m | Reduced -415.9k |
| EFG International AG 0.07% of their portfolio | 153.6k $4.0m | Reduced -2.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 146.8k $3.8m | Reduced -6.6k |
| ARGA Investment Management, LP 0.09% of their portfolio | 142.5k $3.7m | Added +74.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 137.5k $3.6m | Added +114.7k |
| SHIKIAR ASSET MANAGEMENT INC 0.89% of their portfolio | 135.7k $3.5m | Reduced -77.5k |
| CAXTON ASSOCIATES LLP 0.07% of their portfolio | 134.3k $3.5m | Reduced -15.3k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 130.6k $3.4m | Reduced -9.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 129.1k $3.3m | Reduced -170 |