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 ($29.2m this quarter). Holder counts are more reliable. Shares outstanding: 217.5m as of 2024-06-30, 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 ≈ $20.80. Options: 13 managers hold calls ($14.8m notional), 11 hold puts ($4.9m).
Trends to Q2 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 |
| Q2 2024 | 299 |
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 |
| Q2 2024 | 125 | 165 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.7m | $1.7m | 0.98 |
| Q4 2023 | $35.2m | $17.2m | 0.49 |
| Q1 2024 | $24.8m | $8.2m | 0.33 |
| Q2 2024 | $14.8m | $4.9m | 0.33 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| FIRST TRUST ADVISORS LP | Added | +976.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +926.1k |
| AMERICAN CENTURY COMPANIES INC | Added | +859.6k |
| NORGES BANK | Added | +722.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +654.6k |
| GOLDENTREE ASSET MANAGEMENT LP | Added | +536.2k |
| AXA S.A. | New | +485.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +409.6k |
| Hudson Bay Capital Management LP | New | +400.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -9.8m |
| Holocene Advisors, LP | Sold out | -4.1m |
| Assenagon Asset Management S.A. | Reduced | -2.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.9m |
| FMR LLC | Reduced | -1.3m |
| Man Group plc | Reduced | -916.3k |
| Philadelphia Financial Management of San Francisco, LLC | Sold out | -771.2k |
| HSBC HOLDINGS PLC | Reduced | -735.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -609.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -531.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.6m175.0k shares |
| CITIGROUP INC | Unchanged | $3.2m154.9k shares |
| CITADEL ADVISORS LLC | Reduced | $2.6m126.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m72.3k shares |
| IMC-Chicago, LLC | Reduced | $1.1m53.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $993.0k47.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $582.1k28.0k shares |
| GTS SECURITIES LLC | Reduced | $334.7k16.1k shares |
| Walleye Trading LLC | Reduced | $247.4k11.9k shares |
| JANE STREET GROUP, LLC | Reduced | $243.2k11.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m66.3k shares |
| GROUP ONE TRADING LLC | Added | $1.2m55.6k shares |
| IMC-Chicago, LLC | Added | $835.8k40.2k shares |
| PEAK6 Investments LLC | Reduced | $378.4k18.2k shares |
| Walleye Capital LLC | Reduced | $307.7k14.8k shares |
| WOLVERINE TRADING, LLC | Added | $276.5k13.3k shares |
| JANE STREET GROUP, LLC | Reduced | $222.5k10.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $166.0k8.0k shares |
| CITADEL ADVISORS LLC | Reduced | $110.2k5.3k shares |
| Walleye Trading LLC | Unchanged | $47.8k2.3k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 1 | $249.4k | 3 | $418.5k | $308.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-03 | Strong Robert S. Director | Sold plan | $96.5k4.5k shares |
| 2024-05-31 | Blackley Richard Scott Director | Bought | $249.4k11.7k shares |
| 2024-05-17 | Jafarieh Nicolas EVP -Legal, Govt, Comm Officer | Sold plan | $51.3k2.4k shares |
| 2024-05-15 | Jafarieh Nicolas EVP -Legal, Govt, Comm Officer | Sold plan | $161.0k7.5k shares |
| 2024-05-10 | Pahwa Munish Chief Risk Officer | Sold | $109.8k5.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 31.6m $657.4m | Reduced -494.5k |
| Impactive Capital LP 15.91% of their portfolio | 19.7m $409.5m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 19.2m $399.0m | Reduced -524.5k |
| FIRST TRUST ADVISORS LP 0.29% of their portfolio | 13.5m $280.4m | Added +976.4k |
| Boston Partners 0.32% of their portfolio | 12.2m $254.2m | Reduced -277.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 10.8m $225.5m | Reduced -74.8k |
| STATE STREET CORP 0.01% of their portfolio | 6.9m $143.0m | Reduced -110.4k |
| FMR LLC 0.01% of their portfolio | 5.8m $120.4m | Reduced -1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 5.7m $118.2m | Added +119.3k |
| MORGAN STANLEY 0.01% of their portfolio | 5.2m $108.0m | Reduced -9.8m |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 4.5m $92.6m | Added +859.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.4m $92.1m | Added +654.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 4.4m $91.1m | Reduced -1.9m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 3.9m $81.3m | Reduced -609.9k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 3.3m $68.2m | Reduced -66.2k |
| NORGES BANK 0.01% of their portfolio | 3.1m $65.0m | Added +722.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.26% of their portfolio | 3.0m $63.2m | Reduced -150.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.8m $58.0m | Reduced -428 |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $54.1m | Added +385.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.4m $49.2m | Added +1.2m |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 2.4m $49.1m | Added +278.4k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 2.3m $47.1m | Added +291.0k |
| GOLDENTREE ASSET MANAGEMENT LP 3.05% of their portfolio | 1.8m $36.8m | Added +536.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.7m $36.2m | Reduced -10.7k |
| Polaris Capital Management, LLC 1.82% of their portfolio | 1.6m $34.0m | Reduced -39.9k |
| ABN AMRO Bank N.V. 0.44% of their portfolio | 1.4m $29.1m | Added +24.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $27.1m | Reduced -68.9k |
| ABN AMRO INVESTMENT SOLUTIONS 0.49% of their portfolio | 1.3m $27.0m | Reduced -45.0k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 1.3m $26.8m | Added +926.1k |
| Arnhold LLC 2.61% of their portfolio | 1.2m $24.7m | Reduced -3.8k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $24.1m | Added +162.6k |
| Vest Financial, LLC 0.55% of their portfolio | 1.1m $23.0m | Added +210.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.1m $22.7m | Added +125.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 1.0m $20.8m | Added +409.6k |
| Rockefeller Capital Management L.P. 0.05% of their portfolio | 907.7k $18.9m | Reduced -13.1k |
| Brandywine Global Investment Management, LLC 0.14% of their portfolio | 896.2k $18.6m | Reduced -168.9k |
| TRUIST FINANCIAL CORP 0.02% of their portfolio | 738.8k $15.4m | Reduced -293.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 731.5k $15.2m | Reduced -99.8k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 714.3k $14.8m | Reduced -66.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 703.9k $14.6m | Added +253.3k |
| EAGLE ASSET MANAGEMENT INC 0.08% of their portfolio | 700.9k $14.5m | Added +65.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 674.1k $14.0m | Added +149.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 674.1k $14.0m | Reduced -142.2k |
| Walleye Capital LLC 0.15% of their portfolio | 672.2k $14.0m | Added +134.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 637.3k $13.3m | Reduced -36.0k |
| Cambria Investment Management, L.P. 0.77% of their portfolio | 603.1k $12.5m | Added +26.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 595.1k $12.4m | Reduced -36.2k |
| Man Group plc 0.03% of their portfolio | 504.5k $10.5m | Reduced -916.3k |
| AXA S.A. 0.02% of their portfolio | 485.4k $10.1m | New |
| THOMPSON SIEGEL & WALMSLEY LLC 0.16% of their portfolio | 480.6k $10.0m | Added +1.6k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.09% of their portfolio | 477.7k $9.9m | Unchanged |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 441.3k $9.2m | Reduced -14.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 420.7k $8.7m | Added +986 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 403.5k $8.4m | Reduced -531.6k |
| HST Ventures, LLC 3.78% of their portfolio | 402.4k $8.4m | Added +28.2k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 400.0k $8.3m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 390.2k $8.1m | Added +16.2k |
| Swiss National Bank 0.01% of their portfolio | 389.9k $8.1m | Reduced -12.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 387.0k $8.0m | Reduced -84.9k |
| Gator Capital Management, LLC 4.01% of their portfolio | 380.1k $7.9m | Unchanged |
| Bridgewater Associates, LP 0.04% of their portfolio | 352.3k $7.3m | Reduced -331.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 344.6k $7.2m | Added +67.8k |
| SG Americas Securities, LLC 0.04% of their portfolio | 338.5k $7.0m | Added +265.4k |
| Legal & General Group Plc 0.00% of their portfolio | 334.9k $7.0m | Reduced -7.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 319.3k $6.6m | Added +207.8k |
| Portolan Capital Management, LLC 0.55% of their portfolio | 318.7k $6.6m | Added +278.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 316.0k $6.6m | Added +15.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 307.1k $6.4m | Added +54.1k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.54% of their portfolio | 302.2k $6.3m | Reduced -7.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 301.0k $6.3m | Reduced -17.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 296.5k $6.2m | Reduced -25.4k |
| Systematic Alpha Investments, LLC 0.22% of their portfolio | 277.9k $5.8m | Unchanged |
| Corebridge Financial, Inc. 0.03% of their portfolio | 277.9k $5.8m | First filing |
| Retirement Systems of Alabama 0.02% of their portfolio | 271.2k $5.6m | Reduced -5.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 268.9k $5.6m | Reduced -216.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 255.9k $5.3m | Added +3.3k |
| UBS Group AG 0.00% of their portfolio | 221.2k $4.6m | Added +49.5k |
| SHIKIAR ASSET MANAGEMENT INC 1.17% of their portfolio | 211.3k $4.4m | Added +34.5k |
| Richard Bernstein Advisors LLC 0.09% of their portfolio | 202.3k $4.2m | Added +25 |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 198.7k $4.1m | Reduced -11.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 198.5k $4.1m | Reduced -10.3k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.14% of their portfolio | 197.0k $4.1m | Reduced -15.9k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 196.5k $4.1m | Reduced -8.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 187.1k $3.9m | Reduced -8.8k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 174.7k $3.6m | Reduced -2.8k |
| DANSKE BANK A/S 0.01% of their portfolio | 171.9k $3.6m | Added +93.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 168.7k $3.5m | Reduced -3.3k |
| NISA INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 166.5k $3.5m | Added +52.2k |
| BARCLAYS PLC 0.00% of their portfolio | 154.0k $3.2m | Reduced -206.3k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 148.0k $3.1m | Added +105.1k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 138.1k $2.9m | Reduced -90.1k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 136.8k $2.8m | Reduced -1.2k |
| Alaska Permanent Fund Corp 0.05% of their portfolio | 134.7k $3.1m | Reduced -1.6k |
| AMALGAMATED BANK 0.02% of their portfolio | 134.2k $2.8m | Reduced -7.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 125.8k $2.6m | Reduced -5.5k |
| INTECH INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 125.7k $2.6m | New |
| Savant Capital, LLC 0.03% of their portfolio | 123.9k $2.6m | Added +17.2k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 120.0k $2.5m | Reduced -717 |
| ARGA Investment Management, LP 0.09% of their portfolio | 119.1k $2.5m | Reduced -475.4k |
| Squarepoint Ops LLC 0.01% of their portfolio | 117.5k $2.4m | New |