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 ($77.7m this quarter). Holder counts are more reliable. Shares outstanding: 210.4m as of 2025-01-31, 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 ≈ $27.58. Options: 13 managers hold calls ($11.1m notional), 10 hold puts ($17.0m).
Trends to Q4 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 |
| Q3 2024 | 321 |
| Q4 2024 | 347 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 138 | 166 |
| Q2 2023 | 117 | 164 |
| Q3 2023 | 125 | 155 |
| Q4 2023 | 133 | 157 |
| Q1 2024 | 143 | 157 |
| Q2 2024 | 125 | 165 |
| Q3 2024 | 144 | 147 |
| Q4 2024 | 160 | 158 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $24.8m | $8.2m | 0.33 |
| Q2 2024 | $14.8m | $4.9m | 0.33 |
| Q3 2024 | $17.9m | $4.0m | 0.22 |
| Q4 2024 | $11.1m | $17.0m | 1.53 |
Biggest buyers
| Capital Research Global Investors | New | +5.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | New | +5.1m |
| T. Rowe Price Investment Management, Inc. | New | +2.8m |
| Duquesne Family Office LLC | New | +2.5m |
| FMR LLC | Added | +2.1m |
| Pertento Partners LLP | New | +1.8m |
| Philadelphia Financial Management of San Francisco, LLC | New | +1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +929.3k |
| UBS Group AG | Added | +921.4k |
| Tidal Investments LLC | Added | +626.4k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -2.4m |
| Impactive Capital LP | Reduced | -2.2m |
| Assenagon Asset Management S.A. | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.6m |
| FIRST TRUST ADVISORS LP | Reduced | -1.1m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -923.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -836.3k |
| GOLDENTREE ASSET MANAGEMENT LP | Reduced | -799.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -714.3k |
| JPMORGAN CHASE & CO | Reduced | -584.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.3m120.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.2m81.5k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m74.7k shares |
| PEAK6 LLC | First filing | $805.3k29.2k shares |
| IMC-Chicago, LLC | Reduced | $739.1k26.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $628.0k22.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $523.5k19.0k shares |
| Walleye Capital LLC | Added | $275.8k10.0k shares |
| Squarepoint Ops LLC | New | $248.2k9.0k shares |
| GROUP ONE TRADING LLC | Reduced | $190.3k6.9k shares |
Biggest puts
| Beach Point Capital Management LP | New | $8.3m300.0k shares |
| CITADEL ADVISORS LLC | Added | $3.5m128.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m70.0k shares |
| IMC-Chicago, LLC | Added | $1.5m55.3k shares |
| SIMPLEX TRADING, LLC | Added | $573.0k20.8k shares |
| JANE STREET GROUP, LLC | Reduced | $452.3k16.4k shares |
| Walleye Trading LLC | New | $336.5k12.2k shares |
| WOLVERINE TRADING, LLC | New | $333.4k12.1k shares |
| GROUP ONE TRADING LLC | Reduced | $11.0k400 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2024 | 0 | — | 1 | $294.3k | $294.3k |
| Q4 2024 | 0 | — | 1 | $324.4k | $324.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-02 | Strong Robert S. Director | Sold plan | $122.6k4.5k shares |
| 2024-11-01 | Strong Robert S. Director | Sold plan | $99.5k4.5k shares |
| 2024-10-01 | Strong Robert S. Director | Sold plan | $102.2k4.5k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 28.8m $794.2m | Reduced -2.4m |
| BlackRock, Inc. 0.01% of their portfolio | 19.1m $527.5m | Added +3.6k |
| Impactive Capital LP 17.44% of their portfolio | 15.4m $424.9m | Reduced -2.2m |
| FIRST TRUST ADVISORS LP 0.32% of their portfolio | 13.2m $365.1m | Reduced -1.1m |
| Boston Partners 0.41% of their portfolio | 12.2m $338.9m | Added +456.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 10.1m $279.2m | Reduced -714.3k |
| FMR LLC 0.01% of their portfolio | 7.5m $207.7m | Added +2.1m |
| STATE STREET CORP 0.01% of their portfolio | 7.0m $192.7m | Added +62.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 5.6m $155.4m | Reduced -99.7k |
| Capital Research Global Investors 0.03% of their portfolio | 5.2m $144.1m | New |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 5.2m $142.7m | Added +338.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.48% of their portfolio | 5.1m $140.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.8m $132.9m | Added +55.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 3.6m $98.8m | Reduced -90.0k |
| MORGAN STANLEY 0.01% of their portfolio | 3.5m $97.0m | Reduced -1.6m |
| VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 2.8m $78.2m | Added +13.9k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 2.8m $76.4m | New |
| Allianz Asset Management GmbH 0.11% of their portfolio | 2.7m $75.3m | Reduced -103.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $72.8m | Added +226.8k |
| Duquesne Family Office LLC 1.96% of their portfolio | 2.5m $69.5m | New |
| NORGES BANK 0.01% of their portfolio | 2.5m $68.6m | Added +22.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.24% of their portfolio | 2.5m $67.6m | Reduced -483.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.4m $66.9m | Reduced -157.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.8m $49.4m | Reduced -36.7k |
| Pertento Partners LLP 4.98% of their portfolio | 1.8m $48.5m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.7m $47.9m | Reduced -19.8k |
| Invesco Ltd. 0.01% of their portfolio | 1.7m $46.5m | Added +443.7k |
| Polaris Capital Management, LLC 2.12% of their portfolio | 1.6m $43.9m | Reduced -68.6k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.5m $42.6m | Reduced -371.0k |
| ABN AMRO Bank N.V. 0.56% of their portfolio | 1.5m $41.3m | Added +25.4k |
| Philadelphia Financial Management of San Francisco, LLC 7.35% of their portfolio | 1.3m $36.5m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.68% of their portfolio | 1.3m $36.3m | Reduced -68.9k |
| Vest Financial, LLC 0.61% of their portfolio | 1.3m $34.7m | Reduced -31.6k |
| Walleye Capital LLC 0.32% of their portfolio | 1.2m $33.2m | Added +503.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 1.2m $32.1m | Reduced -836.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.1m $31.1m | Added +929.3k |
| Arnhold LLC 2.94% of their portfolio | 1.1m $29.9m | Reduced -104.0k |
| UBS Group AG 0.01% of their portfolio | 1.0m $28.9m | Added +921.4k |
| Rockefeller Capital Management L.P. 0.07% of their portfolio | 1.0m $27.9m | Added +113.0k |
| Portolan Capital Management, LLC 1.67% of their portfolio | 900.5k $24.8m | Added +506.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 831.0k $22.9m | Added +26.9k |
| GOLDENTREE ASSET MANAGEMENT LP 1.65% of their portfolio | 778.9k $21.4m | Reduced -799.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 754.5k $20.8m | Reduced -584.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 747.0k $20.6m | First filing |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 741.0k $20.4m | Reduced -1.7m |
| Tidal Investments LLC 0.16% of their portfolio | 705.0k $19.4m | Added +626.4k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 648.3k $17.9m | Added +27.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 591.0k $16.3m | Reduced -31.9k |
| Cambria Investment Management, L.P. 0.97% of their portfolio | 579.1k $16.0m | Reduced -10.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 564.0k $15.6m | Reduced -21.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 550.4k $15.2m | Reduced -168.2k |
| Brandywine Global Investment Management, LLC 0.11% of their portfolio | 528.8k $14.6m | Reduced -219.6k |
| Helix Partners Management LP 7.16% of their portfolio | 500.0k $13.8m | First filing |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 487.0k $13.4m | Reduced -17.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.20% of their portfolio | 461.6k $12.7m | Added +4.1k |
| Bridgewater Associates, LP 0.05% of their portfolio | 429.3k $11.8m | Added +58.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 426.2k $11.8m | Reduced -257.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 425.1k $11.7m | Reduced -96.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 410.4k $11.3m | Added +129.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 400.0k $11.0m | Reduced -15.6k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 392.3k $10.8m | New |
| Swiss National Bank 0.01% of their portfolio | 384.9k $10.6m | Reduced -1.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 380.7k $10.5m | Reduced -67.1k |
| Gator Capital Management, LLC 3.96% of their portfolio | 379.8k $10.5m | Reduced -345 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 353.8k $9.8m | Reduced -11.6k |
| Legal & General Group Plc 0.00% of their portfolio | 340.1k $9.4m | Reduced -8.1k |
| Sycale Advisors (NY) LLC 2.88% of their portfolio | 334.0k $9.2m | Reduced -109.8k |
| Lighthouse Investment Partners, LLC 0.34% of their portfolio | 318.0k $8.8m | New |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 313.9k $8.7m | Reduced -115.9k |
| HRT FINANCIAL LP 0.05% of their portfolio | 310.7k $8.6m | New |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.68% of their portfolio | 306.8k $8.5m | Reduced -585 |
| BARCLAYS PLC 0.00% of their portfolio | 289.0k $8.0m | Added +15.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 287.0k $7.9m | Reduced -14.0k |
| Systematic Alpha Investments, LLC 0.28% of their portfolio | 277.9k $7.7m | Unchanged |
| Sterling Capital Management LLC 0.10% of their portfolio | 276.2k $7.6m | Reduced -447.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 275.5k $7.6m | Reduced -14.5k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 274.1k $6.9m | Reduced -70.5k |
| Retirement Systems of Alabama 0.03% of their portfolio | 258.2k $7.1m | Reduced -6.0k |
| Advantage Alpha Capital Partners LP 1.64% of their portfolio | 251.9k $6.9m | Added +74.1k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 240.2k $6.6m | Reduced -16.9k |
| Perpetual Ltd 0.08% of their portfolio | 235.2k $6.5m | New |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 232.8k $6.4m | Added +166.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 225.8k $6.2m | Reduced -13.6k |
| HARBOR CAPITAL ADVISORS, INC. 0.27% of their portfolio | 224.9k $6.2m | Added +2.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 223.7k $6.2m | Added +18.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 220.1k $6.1m | Added +108.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 219.6k $6.1m | New |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 212.5k $5.8m | Added +161.3k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.39% of their portfolio | 209.4k $5.8m | New |
| SHIKIAR ASSET MANAGEMENT INC 1.49% of their portfolio | 204.3k $5.6m | Reduced -27.5k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 202.8k $5.6m | Reduced -21.5k |
| Richard Bernstein Advisors LLC 0.13% of their portfolio | 202.3k $5.6m | Unchanged |
| AXA S.A. 0.02% of their portfolio | 191.9k $5.3m | Reduced -64.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 190.5k $5.3m | Reduced -923.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 185.2k $5.1m | First filing |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 184.3k $5.1m | Reduced -7.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 170.7k $4.7m | Reduced -7.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 166.8k $4.6m | Reduced -3.8k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.15% of their portfolio | 165.5k $4.6m | Reduced -6.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 165.2k $4.6m | Added +154 |