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 ($5.4m this quarter). Holder counts are more reliable. Shares outstanding: 241.2m as of 2023-01-31, 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 ≈ $16.61. Options: 9 managers hold calls ($18.1m notional), 6 hold puts ($2.7m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 305 |
| Q4 2022 | 300 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $12.8m | $3.4m | 0.27 |
| Q4 2022 | $18.1m | $2.7m | 0.15 |
Biggest buyers
| VANGUARD GROUP INC | Added | +1.1m |
| Impactive Capital LP | Added | +950.8k |
| FMR LLC | Added | +816.6k |
| BlackRock Inc. | Added | +656.3k |
| FIRST TRUST ADVISORS LP | Added | +578.6k |
| Invesco Ltd. | Added | +423.1k |
| AMERICAN CENTURY COMPANIES INC | Added | +307.0k |
| DEUTSCHE BANK AG\ | Added | +200.5k |
| Jefferies Financial Group Inc. | New | +174.5k |
| MORGAN STANLEY | Added | +159.3k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -5.5m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.9m |
| CITADEL ADVISORS LLC | Reduced | -1.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.4m |
| MARSHALL WACE, LLP | Reduced | -1.3m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -852.9k |
| JANE STREET GROUP, LLC | Reduced | -804.1k |
| JENNISON ASSOCIATES LLC | Reduced | -714.8k |
| HRT FINANCIAL LP | Reduced | -680.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -651.5k |
Biggest calls
| Repertoire Partners LP | Added | $14.8m890.0k shares |
| CITADEL ADVISORS LLC | Added | $1.6m95.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $700.5k42.2k shares |
| GROUP ONE TRADING LLC | Added | $366.9k22.1k shares |
| JANE STREET GROUP, LLC | Added | $255.6k15.4k shares |
| PEAK6 Investments LLC | Added | $214.1k12.9k shares |
| Walleye Trading LLC | Reduced | $192.6k11.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m86.1k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m63.8k shares |
| PEAK6 Investments LLC | Added | $192.6k11.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k900 shares |
| GROUP ONE TRADING LLC | Reduced | $1.7k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 2 | $857.8k | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 31.6m $524.9m | Added +1.1m |
| Impactive Capital LP 17.89% of their portfolio | 23.5m $390.8m | Added +950.8k |
| BlackRock Inc. 0.01% of their portfolio | 22.1m $366.1m | Added +656.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 17.5m $289.8m | Reduced -1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.13% of their portfolio | 14.9m $247.0m | Added +79.7k |
| Boston Partners 0.27% of their portfolio | 12.0m $200.4m | Reduced -52.6k |
| STATE STREET CORP 0.01% of their portfolio | 7.3m $120.7m | Added +836 |
| FMR LLC 0.01% of their portfolio | 6.9m $114.4m | Added +816.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 6.0m $99.7m | Reduced -99.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 5.6m $93.2m | Reduced -12.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.2m $69.8m | Reduced -651.5k |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 4.2m $69.8m | Reduced -714.8k |
| Capital World Investors 0.01% of their portfolio | 3.3m $55.5m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.3m $54.8m | Added +80.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.32% of their portfolio | 2.9m $47.8m | Reduced -30.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $43.9m | Added +45.2k |
| Polaris Capital Management, LLC 1.51% of their portfolio | 2.6m $43.5m | Reduced -800 |
| NORGES BANK 0.01% of their portfolio | 2.5m $41.1m | Reduced -121.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.64% of their portfolio | 2.4m $39.5m | Reduced -282.6k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 2.0m $33.7m | Reduced -1.6m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 1.9m $30.9m | Added +307.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.6m $26.1m | Added +46.5k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.6m $26.1m | Added +578.6k |
| Invesco Ltd. 0.01% of their portfolio | 1.5m $25.5m | Added +423.1k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.5m $25.5m | Reduced -177.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $25.3m | Added +159.3k |
| TRUIST FINANCIAL CORP 0.04% of their portfolio | 1.5m $24.5m | Reduced -126.4k |
| Arnhold LLC 2.56% of their portfolio | 1.3m $20.9m | Reduced -1.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio | 1.2m $19.7m | Reduced -5.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.1m $18.8m | Reduced -235.1k |
| Ceredex Value Advisors LLC 0.27% of their portfolio | 1.0m $17.2m | Reduced -526.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 981.3k $16.3m | Added +1.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 923.9k $15.3m | Reduced -1.9m |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 921.3k $15.3m | Added +200.5k |
| HAHN CAPITAL MANAGEMENT LLC 3.99% of their portfolio | 910.7k $15.1m | Reduced -19.2k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 910.4k $15.1m | Added +6.2k |
| CI INVESTMENTS INC. 0.08% of their portfolio | 908.0k $15.1m | Reduced -105.7k |
| Brandywine Global Investment Management, LLC 0.11% of their portfolio | 867.1k $14.4m | Added +106.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 825.2k $13.7m | Reduced -31.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 810.4k $13.5m | Reduced -36.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 808.8k $13.4m | Reduced -74.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 780.2k $13.0m | Added +24.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 755.6k $12.5m | Reduced -222.7k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 754.2k $12.5m | Reduced -1.3m |
| THOMPSON SIEGEL & WALMSLEY LLC 0.17% of their portfolio | 621.1k $10.3m | Reduced -94.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 620.1k $10.3m | Reduced -12.5k |
| Swiss National Bank 0.01% of their portfolio | 607.1k $10.1m | Reduced -31.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 583.8k $9.7m | Reduced -58.9k |
| Legal & General Group Plc 0.00% of their portfolio | 573.0k $9.5m | Added +29.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 556.9k $9.2m | Reduced -300 |
| NewEdge Wealth, LLC 0.39% of their portfolio | 544.6k $9.0m | Added +22.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 516.4k $8.6m | Added +1.6k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 503.3k $8.4m | Reduced -7.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 494.0k $8.2m | Reduced -14.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 486.6k $8.1m | Reduced -202.1k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 459.6k $7.6m | Reduced -35.0k |
| Man Group plc 0.03% of their portfolio | 456.8k $7.6m | Added +42.2k |
| Calamos Advisors LLC 0.03% of their portfolio | 421.0k $7.0m | Reduced -457 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 399.6k $6.6m | Reduced -1.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 396.7k $6.6m | Reduced -5.3k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.05% of their portfolio | 389.7k $6.5m | Reduced -7.0k |
| Cambria Investment Management, L.P. 0.51% of their portfolio | 367.3k $6.1m | Added +57.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 366.3k $6.1m | Added +10.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 363.9k $6.0m | Reduced -105.3k |
| GLENMEDE TRUST CO NA 0.03% of their portfolio | 339.4k $5.6m | Reduced -82.4k |
| Retirement Systems of Alabama 0.02% of their portfolio | 329.8k $5.5m | Added +657 |
| HERITAGE INVESTORS MANAGEMENT CORP 0.25% of their portfolio | 329.6k $5.5m | Reduced -2.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 323.8k $5.4m | Reduced -65.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 321.3k $5.3m | Reduced -11.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 318.1k $5.3m | Reduced -36.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 311.3k $5.2m | Reduced -34.8k |
| Sapience Investments, LLC 1.07% of their portfolio | 306.6k $5.1m | Reduced -33.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 301.1k $5.0m | Reduced -852.9k |
| COMERICA BANK 0.04% of their portfolio | 298.1k $5.0m | Reduced -28.2k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.49% of their portfolio | 278.4k $4.6m | Reduced -15.0k |
| Systematic Alpha Investments, LLC 0.23% of their portfolio | 277.9k $4.6m | Unchanged |
| Amundi 0.00% of their portfolio | 260.4k $4.5m | Reduced -61.0k |
| Bridgewater Associates, LP 0.02% of their portfolio | 256.1k $4.3m | Reduced -482.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 243.6k $4.1m | Added +59.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 240.1k $4.0m | Reduced -804.1k |
| Advantage Alpha Capital Partners LP 0.79% of their portfolio | 225.1k $3.7m | Reduced -282.1k |
| AMALGAMATED BANK 0.03% of their portfolio | 223.4k $3.7m | Added +42.1k |
| PUTNAM INVESTMENTS LLC 0.01% of their portfolio | 221.5k $3.7m | Reduced -3.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 210.0k $3.5m | Added +120.6k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 205.8k $3.4m | Added +3.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 202.6k $3.4m | Reduced -1.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 196.4k $3.3m | Added +16.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 194.7k $3.2m | Added +32.1k |
| Jefferies Financial Group Inc. 0.05% of their portfolio | 174.5k $2.9m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio | 167.1k $2.8m | Reduced -12.4k |
| UBS Group AG 0.00% of their portfolio | 160.5k $2.7m | Added +40.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 159.5k $2.6m | Reduced -233.1k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 159.1k $2.6m | Added +12.1k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 157.5k $2.6m | Reduced -3.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 154.6k $2.6m | Reduced -2.5k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 154.0k $2.6m | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 152.9k $2.5m | Reduced -5.9k |
| SG Americas Securities, LLC 0.03% of their portfolio | 138.4k $2.3m | Reduced -82.7k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 137.8k $2.3m | Reduced -4.2k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 135.7k $2.3m | Reduced -22.7k |