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 ($90.1m this quarter). Holder counts are more reliable. Shares outstanding: 380.7m as of 2025-04-18, 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 ≈ $52.89. Options: 28 managers hold calls ($142.1m notional), 27 hold puts ($102.6m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 633 |
| Q4 2022 | 695 |
| Q1 2023 | 654 |
| Q2 2023 | 663 |
| Q3 2023 | 656 |
| Q4 2023 | 677 |
| Q1 2024 | 712 |
| Q2 2024 | 732 |
| Q3 2024 | 784 |
| Q4 2024 | 901 |
| Q1 2025 | 873 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 253 | 360 |
| Q3 2023 | 278 | 312 |
| Q4 2023 | 272 | 346 |
| Q1 2024 | 346 | 302 |
| Q2 2024 | 353 | 338 |
| Q3 2024 | 382 | 332 |
| Q4 2024 | 434 | 364 |
| Q1 2025 | 460 | 408 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $268.7m | $176.9m | 0.66 |
| Q3 2024 | $279.1m | $259.4m | 0.93 |
| Q4 2024 | $684.4m | $394.0m | 0.58 |
| Q1 2025 | $142.1m | $102.6m | 0.72 |
Biggest buyers
| Qube Research & Technologies Ltd | Added | +3.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +1.9m |
| ASSETMARK, INC | Added | +1.7m |
| PRUDENTIAL FINANCIAL INC | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.5m |
| Khrom Capital Management LLC | New | +1.4m |
| AMERIPRISE FINANCIAL INC | Added | +1.3m |
| Southpoint Capital Advisors LP | Added | +1.0m |
| Man Group plc | Added | +871.6k |
| BlackRock, Inc. | Added | +844.1k |
Biggest sellers
| Capital World Investors | Reduced | -3.1m |
| Ninety One UK Ltd | Sold out | -2.6m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.2m |
| Azora Capital LP | Sold out | -2.1m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -1.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.6m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| Zurich Insurance Group Ltd/FI | Sold out | -1.1m |
| Holocene Advisors, LP | Sold out | -937.1k |
| MACKENZIE FINANCIAL CORP | Reduced | -906.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.0m473.0k shares |
| CITADEL ADVISORS LLC | Reduced | $15.7m296.5k shares |
| JPMORGAN CHASE & CO | Reduced | $14.0m264.4k shares |
| GROUP ONE TRADING LLC | Added | $12.8m241.8k shares |
| MOORE CAPITAL MANAGEMENT, LP | New | $10.5m199.1k shares |
| Twin Tree Management, LP | Reduced | $10.2m192.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.4m158.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $6.0m113.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $5.5m1.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $5.1m96.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $15.7m296.3k shares |
| PEAK6 LLC | Added | $15.5m292.7k shares |
| JPMORGAN CHASE & CO | Reduced | $13.8m260.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.9m205.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $6.3m118.8k shares |
| Twin Tree Management, LP | Reduced | $5.7m107.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.0m94.8k shares |
| IMC-Chicago, LLC | Reduced | $4.1m78.0k shares |
| Walleye Trading LLC | Reduced | $3.4m64.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.0m57.0k 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 Q1 2025
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 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $1.8m | — |
| Q4 2023 | 0 | — | 2 | $982.6k | — |
| Q1 2024 | 0 | — | 9 | $16.3m | $15.8m |
| Q2 2024 | 0 | — | 1 | $1.4m | $1.4m |
| Q3 2024 | 0 | — | 3 | $3.6m | $3.6m |
| Q4 2024 | 0 | — | 2 | $3.4m | $3.4m |
| Q1 2025 | 0 | — | 8 | $29.3m | $29.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-03 | Juel Carol Officer | Sold plan | $5.4m91.4k shares |
| 2025-03-03 | Schaller Bart Officer | Sold plan | $4.4m75.1k shares |
| 2025-03-03 | Wenzel Brian J. Sr. Officer | Sold plan | $3.8m62.7k shares |
| 2025-03-03 | Casellas Alberto Officer | Sold plan | $3.5m58.0k shares |
| 2025-03-03 | Howse Curtis Officer | Sold plan | $2.0m34.0k shares |
| 2025-03-03 | Owens Darrell Officer | Sold plan | $664.6k11.1k shares |
| 2025-03-03 | Gentleman Courtney Officer | Sold plan | $600.7k10.0k shares |
| 2025-02-28 | DOUBLES BRIAN D Officer, director | Sold plan | $8.9m148.7k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 48.4m $2.6bn | Added +281.4k |
| Capital World Investors 0.34% of their portfolio | 39.4m $2.1bn | Reduced -3.1m |
| BlackRock, Inc. 0.04% of their portfolio | 36.1m $1.9bn | Added +844.1k |
| STATE STREET CORP 0.04% of their portfolio | 19.1m $1.0bn | Added +543.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 10.3m $549.9m | Added +380.5k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 10.1m $534.7m | Reduced -2.2m |
| PAR CAPITAL MANAGEMENT INC 13.32% of their portfolio | 7.5m $397.1m | Added +100.0k |
| FIRST TRUST ADVISORS LP 0.32% of their portfolio | 6.8m $361.6m | Added +777.7k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 6.4m $341.3m | Reduced -95.0k |
| MORGAN STANLEY 0.02% of their portfolio | 6.0m $316.5m | Added +238.4k |
| Allianz Asset Management GmbH 0.46% of their portfolio | 5.9m $310.7m | Added +358.7k |
| Invesco Ltd. 0.06% of their portfolio | 5.9m $310.1m | Added +706.2k |
| Boston Partners 0.33% of their portfolio | 5.2m $273.8m | Reduced -608.3k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 5.1m $272.6m | Reduced -33.9k |
| NORGES BANK 0.04% of their portfolio | 5.1m $271.6m | Reduced -222.0k |
| Southpoint Capital Advisors LP 6.38% of their portfolio | 5.0m $264.7m | Added +1.0m |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 4.9m $259.4m | Added +1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 4.5m $240.8m | Reduced -28.8k |
| Qube Research & Technologies Ltd 0.35% of their portfolio | 4.3m $228.5m | Added +3.7m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 4.3m $227.0m | Added +1.5m |
| AQR CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 4.0m $206.7m | Added +50.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.21% of their portfolio | 3.9m $201.1m | Added +790.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 3.8m $199.3m | Reduced -1.6m |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 3.4m $180.6m | Added +372.8k |
| Nuveen, LLC 0.05% of their portfolio | 3.3m $175.3m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 3.3m $175.0m | Reduced -142.4k |
| Legal & General Group Plc 0.05% of their portfolio | 3.1m $166.6m | Added +59.7k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 3.1m $162.8m | Reduced -53.4k |
| ASSETMARK, INC 0.44% of their portfolio | 3.1m $161.5m | Added +1.7m |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 2.8m $150.8m | Reduced -59.6k |
| AustralianSuper Pty Ltd 0.82% of their portfolio | 2.7m $144.9m | Added +331.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.55% of their portfolio | 2.6m $137.8m | Reduced -1.8m |
| Man Group plc 0.41% of their portfolio | 2.6m $136.6m | Added +871.6k |
| PANAGORA ASSET MANAGEMENT INC 0.60% of their portfolio | 2.3m $120.1m | Added +6.1k |
| Robeco Institutional Asset Management B.V. 0.23% of their portfolio | 2.2m $117.2m | Added +241.7k |
| Sachem Head Capital Management LP 4.66% of their portfolio | 2.2m $116.3m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 2.2m $115.4m | Added +1.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.1m $110.0m | Reduced -434.4k |
| PRUDENTIAL FINANCIAL INC 0.15% of their portfolio | 2.0m $103.8m | Added +1.6m |
| UBS Group AG 0.02% of their portfolio | 1.9m $101.5m | Added +283.4k |
| LSV ASSET MANAGEMENT 0.22% of their portfolio | 1.8m $93.2m | Reduced -6.0k |
| Amundi 0.03% of their portfolio | 1.7m $78.0m | Reduced -95.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.6m $86.5m | Added +91.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.5m $78.4m | Added +212.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 1.4m $74.3m | Reduced -540.5k |
| Khrom Capital Management LLC 9.85% of their portfolio | 1.4m $73.7m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.3m $70.2m | First filing |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.3m $66.3m | Reduced -1.4m |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.51% of their portfolio | 1.2m $63.7m | Reduced -53.4k |
| FMR LLC 0.00% of their portfolio | 1.2m $63.4m | Added +99.3k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.2m $62.9m | Added +92.7k |
| BARCLAYS PLC 0.03% of their portfolio | 1.1m $60.1m | Reduced -155.3k |
| Swiss National Bank 0.04% of their portfolio | 1.1m $58.1m | Reduced -18.5k |
| KBC Group NV 0.18% of their portfolio | 1.1m $57.8m | Reduced -9.3k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 1.1m $57.6m | Added +82.8k |
| Solel Partners LP 10.45% of their portfolio | 1.1m $56.4m | Added +11.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $56.3m | Added +187.9k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 1.0m $55.5m | Added +18.0k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.0m $53.5m | Reduced -319.5k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 930.4k $49.3m | Added +61.4k |
| National Pension Service 0.05% of their portfolio | 908.1k $48.1m | Added +22.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 894.8k $47.4m | Reduced -11.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 865.2k $45.8m | Added +198.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 858.7k $45.5m | Added +249.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 846.1k $44.8m | Added +161.1k |
| Caisse de depot et placement du Quebec 0.09% of their portfolio | 831.4k $44.0m | Reduced -309.7k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 825.8k $43.7m | Added +96.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.14% of their portfolio | 818.3k $43.3m | Added +114.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.32% of their portfolio | 815.2k $43.2m | First filing |
| Hosking Partners LLP 1.76% of their portfolio | 787.2k $41.7m | Reduced -7.4k |
| Vest Financial, LLC 0.62% of their portfolio | 752.3k $39.8m | Added +217.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 717.7k $38.0m | Added +81.2k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 702.3k $37.2m | Added +3.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 701.3k $37.1m | Added +374.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 695.4k $36.8m | Added +56.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 695.1k $36.8m | Added +230.0k |
| California Public Employees Retirement System 0.03% of their portfolio | 686.2k $36.3m | Reduced -21.4k |
| Korea Investment CORP 0.09% of their portfolio | 667.1k $35.3m | Added +105.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.68% of their portfolio | 663.1k $35.1m | Added +68.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.10% of their portfolio | 647.8k $34.3m | Reduced -817.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 641.0k $33.9m | Added +73.7k |
| Bridgewater Associates, LP 0.15% of their portfolio | 630.8k $33.4m | Added +44.2k |
| Candriam S.C.A. 0.20% of their portfolio | 592.9k $31.4m | Added +33.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.12% of their portfolio | 590.2k $31.2m | Added +8.9k |
| Aware Super Pty Ltd as trustee of Aware Super 0.50% of their portfolio | 553.6k $29.3m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 539.0k $28.5m | Reduced -3.3k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 538.3k $28.5m | Added +454.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.08% of their portfolio | 512.6k $27.1m | Added +66.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 507.4k $26.9m | Added +50.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 483.3k $25.6m | Reduced -587.0k |
| CITIGROUP INC 0.02% of their portfolio | 462.3k $24.5m | Added +120.1k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.84% of their portfolio | 460.5k $24.4m | Reduced -6.8k |
| Andra AP-fonden 0.39% of their portfolio | 453.5k $24.0m | Added +277.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 452.6k $24.0m | Unchanged |
| Squarepoint Ops LLC 0.06% of their portfolio | 446.9k $23.7m | Added +436.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.05% of their portfolio | 446.5k $23.6m | Added +52.0k |
| AVIVA PLC 0.06% of their portfolio | 444.6k $23.5m | Added +63.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.08% of their portfolio | 437.9k $23.2m | Added +17.6k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 437.3k $23.2m | Reduced -906.8k |
| QRG CAPITAL MANAGEMENT, INC. 0.23% of their portfolio | 427.8k $22.6m | Added +117.1k |