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 ($4.6m this quarter). Holder counts are more reliable. Shares outstanding: 226.1m as of 2023-06-30, 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 ≈ $16.02. Options: 10 managers hold calls ($5.9m notional), 8 hold puts ($1.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 305 |
| Q4 2022 | 300 |
| Q1 2023 | 300 |
| Q2 2023 | 292 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 131 | 148 |
| Q1 2023 | 138 | 166 |
| Q2 2023 | 117 | 164 |
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 |
| Q1 2023 | $2.0m | $3.3m | 1.62 |
| Q2 2023 | $5.9m | $1.4m | 0.24 |
Biggest buyers
| Man Group plc | New | +1.8m |
| MORGAN STANLEY | Added | +1.7m |
| No Street GP LP | New | +1.2m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +1.1m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +1.1m |
| VANGUARD GROUP INC | Added | +903.8k |
| Walleye Capital LLC | New | +902.0k |
| GOLDENTREE ASSET MANAGEMENT LP | Added | +644.7k |
| AMERIPRISE FINANCIAL INC | Added | +436.0k |
| Trexquant Investment LP | New | +271.4k |
Biggest sellers
| FMR LLC | Reduced | -11.4m |
| CITADEL ADVISORS LLC | Reduced | -4.1m |
| Impactive Capital LP | Reduced | -3.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -2.2m |
| JENNISON ASSOCIATES LLC | Sold out | -1.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.1m |
| Ceredex Value Advisors LLC | Sold out | -982.7k |
| Brandywine Global Investment Management, LLC | Reduced | -820.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -783.9k |
| Man Group plc | Sold out | -775.2k |
Biggest calls
| Philadelphia Financial Management of San Francisco, LLC | New | $3.1m190.1k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m69.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $709.9k43.5k shares |
| PEAK6 Investments LLC | Added | $352.5k21.6k shares |
| Walleye Trading LLC | Reduced | $323.1k19.8k shares |
| Centiva Capital, LP | New | $163.2k10.0k shares |
| Walleye Capital LLC | Reduced | $106.1k6.5k shares |
| GROUP ONE TRADING LLC | Reduced | $35.9k2.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 Investments LLC | Added | $505.9k31.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $432.5k26.5k shares |
| CITADEL ADVISORS LLC | Added | $372.1k22.8k shares |
| GROUP ONE TRADING LLC | New | $83.2k5.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.0k1.0k shares |
| Walleye Capital LLC | Reduced | $13.1k800 shares |
| Walleye Trading LLC | Reduced | $1.6k100 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 Q2 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 2 | $1.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-07 | Boyles Jonathan SVP & Controller | Sold | $422.1k24.7k shares |
| 2023-06-05 | McGarry Steven EVP & Chief Financial Officer | Sold | $688.2k41.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 31.9m $521.0m | Added +903.8k |
| BlackRock Inc. 0.01% of their portfolio | 21.5m $350.6m | Added +75.8k |
| Impactive Capital LP 13.83% of their portfolio | 20.0m $326.4m | Reduced -3.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 15.9m $259.1m | Reduced -2.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 14.2m $176.0m | Unchanged |
| Boston Partners 0.22% of their portfolio | 10.0m $162.7m | Reduced -183.9k |
| STATE STREET CORP 0.01% of their portfolio | 7.1m $116.4m | Reduced -144.7k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.7m $109.7m | Added +117.4k |
| MORGAN STANLEY 0.01% of their portfolio | 6.6m $107.2m | Added +1.7m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 6.4m $103.7m | Reduced -783.9k |
| FMR LLC 0.01% of their portfolio | 6.0m $97.2m | Reduced -11.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.2m $67.9m | Added +127.2k |
| GOLDENTREE ASSET MANAGEMENT LP 5.81% of their portfolio | 3.9m $64.1m | Added +644.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.35% of their portfolio | 3.7m $61.0m | Added +1.1m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.2m $52.3m | Added +984 |
| NORGES BANK 0.01% of their portfolio | 2.7m $44.4m | Reduced -36.8k |
| Polaris Capital Management, LLC 1.58% of their portfolio | 2.6m $42.2m | Reduced -20.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.5m $40.7m | Reduced -29.4k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.4m $38.5m | Added +149.3k |
| Man Group plc 0.09% of their portfolio | 1.8m $28.8m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.6m $26.7m | Added +63.6k |
| Arnhold LLC 2.91% of their portfolio | 1.6m $25.7m | Reduced -26.8k |
| TRUIST FINANCIAL CORP 0.04% of their portfolio | 1.5m $24.6m | Added +54.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.4m $23.5m | Added +436.0k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.4m $23.1m | Reduced -391.7k |
| Rockefeller Capital Management L.P. 0.09% of their portfolio | 1.4m $23.0m | First filing |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.10% of their portfolio | 1.3m $22.0m | Added +1.1m |
| No Street GP LP 2.31% of their portfolio | 1.2m $19.6m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 1.1m $17.7m | Added +202.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.17% of their portfolio | 1.1m $17.2m | Added +4.1k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 921.7k $15.0m | Reduced -4.1m |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 914.3k $14.9m | Reduced -38.5k |
| Brandywine Global Investment Management, LLC 0.12% of their portfolio | 907.7k $14.8m | Reduced -820.6k |
| Walleye Capital LLC 0.26% of their portfolio | 902.0k $14.7m | New |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 888.3k $14.5m | Reduced -226.9k |
| ABN AMRO INVESTMENT SOLUTIONS 0.28% of their portfolio | 858.5k $14.0m | Added +159.0k |
| Invesco Ltd. 0.00% of their portfolio | 807.7k $13.2m | Reduced -173.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 779.1k $12.7m | Added +24.7k |
| Philadelphia Financial Management of San Francisco, LLC 3.71% of their portfolio | 766.2k $12.5m | Reduced -564.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 742.5k $12.1m | Reduced -12.8k |
| Rhino Investment Partners, Inc 2.92% of their portfolio | 711.8k $11.6m | Added +14.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 683.1k $11.1m | Reduced -130.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 676.1k $11.0m | Reduced -135.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.17% of their portfolio | 641.5k $10.5m | Reduced -168.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 606.0k $9.9m | Reduced -1.1m |
| COMERICA BANK 0.00% of their portfolio | 553.3k $13 | First filing |
| Phase 2 Partners, LLC 3.91% of their portfolio | 528.4k $8.6m | Reduced -409.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 521.2k $8.5m | Added +1.2k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 501.6k $8.2m | Added +78.5k |
| HST Ventures, LLC 3.94% of their portfolio | 493.7k $8.1m | Reduced -268.0k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 474.1k $7.7m | Reduced -35.5k |
| Swiss National Bank 0.01% of their portfolio | 472.6k $7.7m | Reduced -67.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 443.8k $7.2m | Reduced -48.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 413.3k $6.7m | Reduced -165.1k |
| Cambria Investment Management, L.P. 0.54% of their portfolio | 394.3k $6.4m | Reduced -12.7k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 376.6k $6.1m | Reduced -204.1k |
| Legal & General Group Plc 0.00% of their portfolio | 367.3k $6.0m | Reduced -207.8k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 366.5k $6.0m | Reduced -4.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 359.6k $5.9m | Reduced -7.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.09% of their portfolio | 359.3k $5.9m | Reduced -261.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 323.7k $5.3m | Reduced -105.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 321.4k $5.2m | Added +66.2k |
| Schonfeld Strategic Advisors LLC 0.05% of their portfolio | 319.9k $5.2m | Reduced -115.7k |
| Retirement Systems of Alabama 0.02% of their portfolio | 312.4k $5.1m | Reduced -2.1k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.49% of their portfolio | 310.2k $5.1m | Added +11.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 297.7k $4.9m | Reduced -20.4k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.19% of their portfolio | 290.2k $4.7m | Reduced -38.4k |
| Systematic Alpha Investments, LLC 0.22% of their portfolio | 277.9k $4.5m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 274.8k $4.5m | Reduced -37.2k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 273.9k $4.5m | Added +218.9k |
| Trexquant Investment LP 0.12% of their portfolio | 271.4k $4.4m | New |
| Alyeska Investment Group, L.P. 0.03% of their portfolio | 263.1k $4.3m | Reduced -416.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 246.5k $4.0m | Added +828 |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 221.4k $3.6m | Reduced -35.9k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 221.1k $3.6m | Reduced -14.9k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 212.6k $3.5m | Reduced -2.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 198.5k $3.2m | New |
| Advantage Alpha Capital Partners LP 0.62% of their portfolio | 188.5k $3.1m | Added +1.1k |
| Brookfield Corp /ON/ 0.01% of their portfolio | 186.2k $3.0m | Reduced -30.6k |
| Vident Investment Advisory, LLC 0.10% of their portfolio | 186.0k $3.0m | Added +11.7k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 185.0k $3.0m | Added +107.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 181.8k $3.0m | Reduced -6.0k |
| ABN AMRO Bank N.V. 0.06% of their portfolio | 181.6k $3.0m | Added +9.5k |
| PUTNAM INVESTMENTS LLC 0.00% of their portfolio | 177.1k $2.9m | Reduced -44.1k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 176.1k $2.9m | Reduced -17.9k |
| GLENMEDE TRUST CO NA 0.01% of their portfolio | 169.2k $2.1m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 166.2k $2.7m | Reduced -3.0k |
| AMALGAMATED BANK 0.02% of their portfolio | 164.2k $2.7m | Reduced -2.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 161.6k $2.6m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 158.6k $2.6m | Added +120.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 156.8k $2.6m | Reduced -300.6k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 154.0k $2.5m | Unchanged |
| MetLife Investment Management, LLC 0.02% of their portfolio | 149.2k $2.4m | Added +1.6k |
| Holocene Advisors, LP 0.01% of their portfolio | 148.3k $2.4m | Reduced -63.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 144.1k $2.4m | Added +7.9k |
| SG Americas Securities, LLC 0.02% of their portfolio | 140.2k $2.3m | Added +40.1k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.02% of their portfolio | 138.0k $2.3m | Added +29.0k |
| Alaska Permanent Fund Corp 0.04% of their portfolio | 137.9k $2.3m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 137.5k $2.2m | Reduced -20.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 135.4k $2.2m | Added +121.6k |