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 ($24.8m this quarter). Holder counts are more reliable. Shares outstanding: 220.3m as of 2024-03-31, 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 ≈ $21.77. Options: 14 managers hold calls ($24.8m notional), 11 hold puts ($8.2m).
Trends to Q1 2024
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 |
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 |
| Q3 2023 | 125 | 155 |
| Q4 2023 | 133 | 157 |
| Q1 2024 | 143 | 157 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $5.9m | $1.4m | 0.24 |
| Q3 2023 | $1.7m | $1.7m | 0.98 |
| Q4 2023 | $35.2m | $17.2m | 0.49 |
| Q1 2024 | $24.8m | $8.2m | 0.33 |
Biggest buyers
| FIRST TRUST ADVISORS LP | Added | +10.8m |
| MORGAN STANLEY | Added | +3.5m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.9m |
| Assenagon Asset Management S.A. | Added | +1.6m |
| Allianz Asset Management GmbH | Added | +1.4m |
| Vest Financial, LLC | Added | +881.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +860.0k |
| Holocene Advisors, LP | Added | +795.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +720.2k |
| HSBC HOLDINGS PLC | Added | +700.8k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.6m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -2.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.9m |
| DEUTSCHE BANK AG\ | Reduced | -1.8m |
| GOLDENTREE ASSET MANAGEMENT LP | Reduced | -1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.1m |
| VANGUARD GROUP INC | Reduced | -1.0m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -904.4k |
| Polaris Capital Management, LLC | Reduced | -769.4k |
| BANK OF MONTREAL /CAN/ | Reduced | -618.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.2m284.3k shares |
| CITIGROUP INC | New | $3.4m154.9k shares |
| CITADEL ADVISORS LLC | Added | $3.3m151.9k shares |
| Interval Partners, LP | New | $2.5m1.1k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m93.1k shares |
| GROUP ONE TRADING LLC | Added | $1.8m83.1k shares |
| IMC-Chicago, LLC | Reduced | $1.4m62.3k shares |
| GTS SECURITIES LLC | Added | $804.1k36.9k shares |
| JANE STREET GROUP, LLC | Added | $795.3k36.5k shares |
| PEAK6 Investments LLC | Reduced | $745.2k34.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.5m161.7k shares |
| PEAK6 Investments LLC | Unchanged | $1.1m50.3k shares |
| CITADEL ADVISORS LLC | Reduced | $865.1k39.7k shares |
| JANE STREET GROUP, LLC | Added | $725.6k33.3k shares |
| IMC-Chicago, LLC | Reduced | $675.5k31.0k shares |
| SIMPLEX TRADING, LLC | Added | $503.0k23.1k shares |
| Walleye Capital LLC | Added | $337.7k15.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $265.8k12.2k shares |
| GROUP ONE TRADING LLC | Reduced | $128.6k5.9k shares |
| Walleye Trading LLC | Reduced | $50.1k2.3k 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 Q1 2024
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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 2 | $1.1m | — |
| Q3 2023 | 0 | — | 1 | $120.9k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $2.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-02-29 | Boyles Jonathan SVP & Controller | Sold | $1.9m94.1k shares |
| 2024-01-30 | VIEIRA DONNA F EVP & Chief Commercial Officer | Sold | $249.5k12.3k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 32.1m $699.8m | Reduced -1.0m |
| BlackRock Inc. 0.01% of their portfolio | 19.7m $429.6m | Reduced -203.5k |
| Impactive Capital LP 16.22% of their portfolio | 19.7m $429.2m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 15.0m $327.0m | Added +3.5m |
| FIRST TRUST ADVISORS LP 0.28% of their portfolio | 12.5m $272.6m | Added +10.8m |
| Boston Partners 0.32% of their portfolio | 12.5m $271.6m | Added +674.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 10.9m $238.0m | Reduced -1.1m |
| FMR LLC 0.01% of their portfolio | 7.0m $153.5m | Reduced -226.5k |
| STATE STREET CORP 0.01% of their portfolio | 7.0m $152.3m | Added +66 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 6.3m $136.7m | Reduced -3.6m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 5.6m $121.3m | Reduced -904.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 4.5m $98.5m | Reduced -2.0m |
| Holocene Advisors, LP 0.33% of their portfolio | 4.1m $88.3m | Added +795.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.8m $82.3m | Added +63.5k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 3.6m $78.3m | Added +720.2k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 3.3m $72.9m | Added +644.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.31% of their portfolio | 3.2m $69.5m | Reduced -121.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.8m $60.8m | Reduced -144.8k |
| Assenagon Asset Management S.A. 0.15% of their portfolio | 2.5m $54.9m | Added +1.6m |
| NORGES BANK 0.01% of their portfolio | 2.4m $52.4m | Added +204.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.2m $48.3m | Reduced -232.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 2.1m $45.4m | Added +1.9m |
| Allianz Asset Management GmbH 0.07% of their portfolio | 2.0m $43.0m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $38.2m | Added +27.0k |
| Polaris Capital Management, LLC 1.82% of their portfolio | 1.7m $36.5m | Reduced -769.4k |
| Man Group plc 0.08% of their portfolio | 1.4m $31.0m | Reduced -512.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $29.9m | Added +146.4k |
| ABN AMRO Bank N.V. 0.44% of their portfolio | 1.4m $29.8m | Added +13.8k |
| ABN AMRO INVESTMENT SOLUTIONS 0.51% of their portfolio | 1.3m $29.3m | Added +15.2k |
| GOLDENTREE ASSET MANAGEMENT LP 2.14% of their portfolio | 1.2m $26.9m | Reduced -1.2m |
| Arnhold LLC 2.75% of their portfolio | 1.2m $26.0m | Reduced -48.3k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.1m $24.9m | Reduced -1.9m |
| Brandywine Global Investment Management, LLC 0.17% of their portfolio | 1.1m $23.2m | Added +12.5k |
| TRUIST FINANCIAL CORP 0.03% of their portfolio | 1.0m $22.5m | Reduced -237.2k |
| Invesco Ltd. 0.00% of their portfolio | 998.0k $21.7m | Added +356.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 964.9k $21.0m | Added +860.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 935.1k $20.4m | Added +597.1k |
| Rockefeller Capital Management L.P. 0.06% of their portfolio | 920.8k $20.1m | Reduced -242.6k |
| Vest Financial, LLC 0.52% of their portfolio | 894.1k $19.5m | Added +881.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 831.3k $18.1m | Reduced -3.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 816.3k $17.8m | Added +26.1k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 780.4k $17.0m | Reduced -152.0k |
| Philadelphia Financial Management of San Francisco, LLC 3.51% of their portfolio | 771.2k $16.8m | Reduced -333.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 755.3k $16.5m | Added +700.8k |
| Bridgewater Associates, LP 0.08% of their portfolio | 683.3k $14.9m | Added +328.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 673.4k $14.7m | Reduced -41.0k |
| EAGLE ASSET MANAGEMENT INC 0.07% of their portfolio | 635.1k $13.5m | Added +182.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 631.3k $13.8m | Reduced -6.7k |
| ARGA Investment Management, LP 0.43% of their portfolio | 594.5k $13.0m | Added +97.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 593.2k $12.9m | Added +220.2k |
| Cambria Investment Management, L.P. 0.75% of their portfolio | 576.3k $12.6m | Added +93.8k |
| Walleye Capital LLC 0.13% of their portfolio | 537.7k $11.7m | Added +118.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 525.2k $11.4m | Reduced -13.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 485.2k $10.6m | Reduced -303.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.16% of their portfolio | 478.9k $10.4m | Reduced -14.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.09% of their portfolio | 477.7k $10.4m | Reduced -272.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 471.8k $10.3m | Added +362.8k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 455.5k $9.9m | Reduced -31.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 450.6k $9.8m | Added +132.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 419.7k $9.1m | Reduced -4.3k |
| Swiss National Bank 0.01% of their portfolio | 402.1k $8.8m | Added +1.1k |
| Gator Capital Management, LLC 4.25% of their portfolio | 380.1k $8.3m | Unchanged |
| HST Ventures, LLC 3.30% of their portfolio | 374.2k $8.2m | Reduced -200.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 374.0k $8.1m | Added +27.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 364.9k $8.0m | Reduced -111.3k |
| BARCLAYS PLC 0.00% of their portfolio | 360.2k $7.8m | Added +143.5k |
| Legal & General Group Plc 0.00% of their portfolio | 342.0k $7.5m | Added +2.9k |
| WINTON GROUP Ltd 0.52% of their portfolio | 334.8k $7.3m | Added +319.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 321.9k $7.0m | Reduced -31.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 318.1k $3.9m | Added +17.1k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 312.4k $6.8m | Reduced -148.2k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.56% of their portfolio | 309.8k $6.8m | Reduced -2.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 301.0k $6.6m | Reduced -81.5k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 292.3k $6.4m | Reduced -14.1k |
| Systematic Alpha Investments, LLC 0.24% of their portfolio | 277.9k $6.1m | Unchanged |
| SEI INVESTMENTS CO 0.01% of their portfolio | 276.9k $6.0m | Reduced -386 |
| Retirement Systems of Alabama 0.02% of their portfolio | 276.6k $6.0m | Reduced -6.8k |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 261.5k $5.7m | Added +167.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 253.0k $5.5m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 252.6k $5.5m | Reduced -80.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 228.2k $5.0m | Added +121.9k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.16% of their portfolio | 212.9k $4.6m | Reduced -67.7k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 210.5k $4.6m | Reduced -27.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 208.8k $4.5m | Reduced -13.2k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 205.3k $4.5m | Reduced -477 |
| Richard Bernstein Advisors LLC 0.09% of their portfolio | 202.3k $4.4m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 195.8k $4.3m | Added +5.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 195.1k $4.3m | Reduced -1.6k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 192.8k $4.2m | Reduced -1.9k |
| ALGERT GLOBAL LLC 0.16% of their portfolio | 190.8k $4.2m | Reduced -21.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 188.0k $4.1m | Reduced -133.5k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 177.5k $3.9m | Added +67.5k |
| SHIKIAR ASSET MANAGEMENT INC 1.12% of their portfolio | 176.8k $3.9m | Added +101.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 172.0k $3.7m | Reduced -54.6k |
| UBS Group AG 0.00% of their portfolio | 171.7k $3.7m | Added +22.9k |
| Advantage Alpha Capital Partners LP 0.69% of their portfolio | 169.4k $3.7m | Reduced -9.6k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 168.6k $3.7m | Added +102.9k |
| CAXTON ASSOCIATES LP 0.22% of their portfolio | 149.8k $3.3m | Unchanged |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 142.6k $3.1m | Reduced -32.2k |
| AMALGAMATED BANK 0.03% of their portfolio | 142.0k $3.1m | Reduced -11.9k |