SYNCHRONY FINANCIAL SYF
COM · Common Stock · CUSIP 87165B103 · ISIN US87165B1035
American financial services company
- SectorFinancials
- IndustryFinance Services
- HeadquartersStamford, CT
- Founded2003
- Websitesynchronybank.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 ($77.8m this quarter). Holder counts are more reliable. Shares outstanding: 418.2m as of 2023-07-17, 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 ≈ $33.81. Options: 24 managers hold calls ($93.5m notional), 26 hold puts ($118.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 633 |
| Q4 2022 | 695 |
| Q1 2023 | 654 |
| Q2 2023 | 663 |
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 | 275 | 340 |
| Q1 2023 | 265 | 366 |
| Q2 2023 | 253 | 360 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $74.0m | $154.9m | 2.09 |
| Q4 2022 | $173.2m | $126.3m | 0.73 |
| Q1 2023 | $116.1m | $121.6m | 1.05 |
| Q2 2023 | $93.5m | $118.9m | 1.27 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +13.1m |
| Man Group plc | New | +3.1m |
| AustralianSuper Pty Ltd | Added | +1.7m |
| HSBC HOLDINGS PLC | Added | +1.7m |
| AMERIPRISE FINANCIAL INC | Added | +1.7m |
| Swiss National Bank | New | +1.5m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.0m |
| BARCLAYS PLC | Added | +996.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +827.7k |
| Solel Partners LP | New | +640.0k |
Biggest sellers
| FMR LLC | Reduced | -5.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -3.0m |
| Man Group plc | Sold out | -2.8m |
| Holocene Advisors, LP | Sold out | -2.7m |
| VANGUARD GROUP INC | Reduced | -2.5m |
| Artisan Partners Limited Partnership | Sold out | -2.4m |
| Qube Research & Technologies Ltd | Sold out | -1.5m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.1m |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $16.8m496.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.8m408.2k shares |
| JANE STREET GROUP, LLC | Added | $10.5m310.2k shares |
| Twin Tree Management, LP | Reduced | $7.9m234.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.0m206.0k shares |
| BARCLAYS PLC | Unchanged | $6.8m200.0k shares |
| Walleye Trading LLC | Reduced | $5.9m173.2k shares |
| BANK OF AMERICA CORP /DE/ | New | $5.1m150.0k shares |
| D. E. Shaw & Co., Inc. | Added | $4.1m120.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $2.3m68.4k shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Added | $23.4m689.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.5m397.1k shares |
| CITADEL ADVISORS LLC | Reduced | $10.7m314.7k shares |
| Balyasny Asset Management L.P. | Added | $10.3m303.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.0m296.1k shares |
| GROUP ONE TRADING LLC | Added | $9.1m267.7k shares |
| Walleye Trading LLC | Reduced | $8.3m245.9k shares |
| PEAK6 Investments LLC | Reduced | $7.5m222.4k shares |
| JANE STREET GROUP, LLC | Added | $6.2m181.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $3.8m113.4k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| Capital World Investors 13G · institution -4.1 pts · filed 2026-08-12 | 5.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.4% |
| STATE STREET CORP 13G · institution new · filed 2025-11-10 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL 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 | — | 3 | $1.6m | — |
| Q2 2022 | 0 | — | 2 | $2.1m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 4 | $4.8m | — |
| Q1 2023 | 0 | — | 6 | $6.6m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 54.5m $1.8bn | Reduced -2.5m |
| Capital World Investors 0.29% of their portfolio | 45.1m $1.5bn | Unchanged |
| BlackRock Inc. 0.04% of their portfolio | 41.3m $1.4bn | Added +209.5k |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 29.8m $1.0bn | Added +13.1m |
| STATE STREET CORP 0.04% of their portfolio | 19.9m $676.7m | Reduced -284.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 9.2m $311.6m | Reduced -37.7k |
| PAR CAPITAL MANAGEMENT INC 9.92% of their portfolio | 8.4m $284.9m | Added +104.5k |
| Southpoint Capital Advisors LP 5.37% of their portfolio | 7.3m $247.6m | Reduced -200.0k |
| FIRST TRUST ADVISORS LP 0.27% of their portfolio | 7.0m $236.7m | Added +188.2k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 6.8m $230.3m | Reduced -1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 6.4m $218.5m | Reduced -443.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.26% of their portfolio | 6.4m $216.5m | Added +543.1k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 5.1m $173.4m | Reduced -612.1k |
| AQR CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 4.9m $165.6m | Added +118.6k |
| MORGAN STANLEY 0.02% of their portfolio | 4.8m $163.6m | Reduced -361.1k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 4.8m $162.7m | Reduced -358.2k |
| Invesco Ltd. 0.04% of their portfolio | 4.7m $159.9m | Reduced -1.1m |
| NORGES BANK 0.03% of their portfolio | 4.4m $148.7m | Reduced -298.1k |
| Legal & General Group Plc 0.04% of their portfolio | 4.0m $134.3m | Added +15.1k |
| Allianz Asset Management GmbH 0.25% of their portfolio | 3.7m $126.0m | Reduced -10.8k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 3.6m $120.8m | Added +1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 3.4m $115.5m | Added +7.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 3.2m $93.8m | Unchanged |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 3.2m $108.2m | Added +1.7m |
| Man Group plc 0.32% of their portfolio | 3.1m $103.8m | New |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 2.7m $90.9m | Reduced -688.8k |
| AustralianSuper Pty Ltd 0.57% of their portfolio | 2.6m $89.8m | Added +1.7m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.43% of their portfolio | 2.2m $74.2m | Added +394.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 2.2m $73.1m | Reduced -5.8k |
| Robeco Institutional Asset Management B.V. 0.18% of their portfolio | 2.0m $69.2m | Added +135.6k |
| FMR LLC 0.01% of their portfolio | 2.0m $68.0m | Reduced -5.9m |
| LSV ASSET MANAGEMENT 0.14% of their portfolio | 1.9m $64.0m | Added +390.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 1.9m $63.3m | Reduced -220.3k |
| BARCLAYS PLC 0.04% of their portfolio | 1.7m $57.6m | Added +996.2k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 1.7m $57.2m | Added +50.3k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 1.7m $56.0m | Reduced -718.8k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.6m $54.3m | Reduced -1.2m |
| TWO SIGMA ADVISERS, LP 0.14% of their portfolio | 1.6m $54.3m | Reduced -220.0k |
| Swiss National Bank 0.04% of their portfolio | 1.5m $52.5m | New |
| Amundi 0.03% of their portfolio | 1.5m $50.4m | Added +104.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.72% of their portfolio | 1.4m $48.3m | Reduced -96.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.22% of their portfolio | 1.4m $47.8m | Added +189.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 1.4m $47.8m | Reduced -297.6k |
| CI INVESTMENTS INC. 0.22% of their portfolio | 1.3m $44.0m | Reduced -28.0k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 1.2m $41.3m | Reduced -23.8k |
| PANAGORA ASSET MANAGEMENT INC 0.24% of their portfolio | 1.2m $41.1m | Added +622.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 1.2m $41.0m | Added +1.0m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 1.2m $40.7m | Reduced -296.4k |
| Boston Partners 0.05% of their portfolio | 1.2m $40.6m | Reduced -98.2k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 1.2m $40.4m | Added +316.6k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.60% of their portfolio | 1.1m $37.7m | Added +150.4k |
| APG Asset Management N.V. 0.07% of their portfolio | 1.1m $34.4m | Added +34.1k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.1m $36.3m | Reduced -10.8k |
| Khrom Capital Management LLC 18.55% of their portfolio | 1.0m $34.2m | Added +421.4k |
| Hosking Partners LLP 1.44% of their portfolio | 1.0m $34.1m | Added +74.7k |
| AGF MANAGEMENT LTD 0.23% of their portfolio | 952.3k $32.3m | Reduced -20.1k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 945.5k $32.1m | Reduced -17.1k |
| UBS Group AG 0.01% of their portfolio | 942.9k $32.0m | Added +475.7k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 866.7k $29.4m | Reduced -208.1k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 862.1k $29.2m | Reduced -4.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 860.3k $29.2m | Reduced -16.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 837.1k $28.4m | Added +28.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio | 830.5k $28.2m | Added +827.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 829.7k $28.1m | Added +34.2k |
| National Pension Service 0.05% of their portfolio | 828.7k $28.2m | Reduced -80.9k |
| Brandywine Global Investment Management, LLC 0.23% of their portfolio | 825.5k $28.0m | Reduced -611.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 813.9k $27.6m | Reduced -39.2k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 810.6k $27.5m | Reduced -818.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.24% of their portfolio | 737.5k $25.0m | Added +97.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 722.8k $24.5m | Reduced -113.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 718.6k $24.4m | Reduced -13.4k |
| TODD ASSET MANAGEMENT LLC 0.55% of their portfolio | 700.5k $23.8m | Added +103.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.13% of their portfolio | 699.6k $23.7m | Added +38.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 686.1k $23.3m | Reduced -50.3k |
| UNITED SERVICES AUTOMOBILE ASSOCIATION 0.65% of their portfolio | 663.6k $22.5m | Unchanged |
| AVIVA PLC 0.09% of their portfolio | 661.3k $22.4m | Added +522.5k |
| Solel Partners LP 3.46% of their portfolio | 640.0k $21.7m | New |
| Candriam S.C.A. 0.16% of their portfolio | 632.8k $21.5m | Added +406.2k |
| INTECH INVESTMENT MANAGEMENT LLC 0.22% of their portfolio | 631.7k $21.4m | Reduced -21.1k |
| PICTET ASSET MANAGEMENT SA 0.03% of their portfolio | 628.4k $21.3m | Added +24.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 614.2k $20.8m | Reduced -37.0k |
| CITIGROUP INC 0.03% of their portfolio | 610.4k $20.7m | Reduced -482.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.20% of their portfolio | 609.2k $20.7m | Reduced -292.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 586.3k $19.9m | Reduced -9.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 559.8k $19.0m | Reduced -43.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 555.0k $18.8m | Reduced -359.7k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 554.8k $18.8m | Reduced -96.9k |
| AXA S.A. 0.06% of their portfolio | 524.0k $17.8m | Reduced -608.4k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.71% of their portfolio | 522.2k $17.7m | Added +40.1k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 514.2k $17.4m | Reduced -839.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.12% of their portfolio | 512.3k $17.4m | Added +146.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 492.0k $16.7m | Reduced -45.5k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 480.7k $16.3m | Added +203.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 480.0k $16.3m | Added +163.3k |
| GATEWAY INVESTMENT ADVISERS LLC 0.19% of their portfolio | 467.9k $15.9m | Added +6.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 465.0k $15.8m | Reduced -276.5k |
| GMT Capital Corp 0.60% of their portfolio | 464.4k $15.8m | Reduced -133.6k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 461.3k $15.6m | Reduced -15.5k |
| BOKF, NA 0.31% of their portfolio | 448.2k $15.2m | Added +201.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 441.6k $15.0m | Added +294.8k |