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 ($148.2m this quarter). Holder counts are more reliable. Shares outstanding: 372.1m as of 2025-07-18, 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 ≈ $66.74. Options: 29 managers hold calls ($137.5m notional), 29 hold puts ($151.4m).
Trends to Q2 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 |
| Q2 2025 | 879 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 449 | 416 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $279.1m | $259.4m | 0.93 |
| Q4 2024 | $684.4m | $394.0m | 0.58 |
| Q1 2025 | $142.1m | $102.6m | 0.72 |
| Q2 2025 | $137.5m | $151.4m | 1.10 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +3.5m |
| Zurich Insurance Group Ltd/FI | New | +1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.3m |
| ROYAL BANK OF CANADA | Added | +1.2m |
| Robeco Institutional Asset Management B.V. | Added | +946.3k |
| Freestone Grove Partners LP | New | +888.8k |
| FMR LLC | Added | +764.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +761.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +713.1k |
| BARCLAYS PLC | Added | +700.8k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -1.9m |
| Southpoint Capital Advisors LP | Reduced | -1.8m |
| FIRST TRUST ADVISORS LP | Reduced | -1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| HSBC HOLDINGS PLC | Reduced | -1.1m |
| PRUDENTIAL FINANCIAL INC | Reduced | -1.0m |
| CITADEL ADVISORS LLC | Reduced | -963.3k |
| BlackRock, Inc. | Reduced | -920.7k |
| Invesco Ltd. | Reduced | -862.7k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -695.1k |
Biggest calls
| PEAK6 LLC | Added | $25.8m387.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.4m351.2k shares |
| CITADEL ADVISORS LLC | Reduced | $12.2m182.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $9.9m149.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $6.9m1.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $6.8m102.0k shares |
| CITIGROUP INC | New | $6.7m100.0k shares |
| IMC-Chicago, LLC | Added | $5.2m77.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.8m72.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.2m63.2k shares |
Biggest puts
| PEAK6 LLC | Added | $28.7m429.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.2m317.4k shares |
| CITADEL ADVISORS LLC | Reduced | $18.9m282.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $10.0m150.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.5m142.3k shares |
| JANE STREET GROUP, LLC | Added | $8.2m123.4k shares |
| GROUP ONE TRADING LLC | Added | $7.1m106.1k shares |
| IMC-Chicago, LLC | Added | $6.3m94.3k shares |
| Walleye Trading LLC | Added | $5.9m88.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.2m62.5k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2025 | 0 | — | 3 | $3.8m | $3.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-24 | Howse Curtis Officer | Sold plan | $739.7k11.4k shares |
| 2025-06-24 | NAYLOR JEFFREY G Director | Sold plan | $650.0k10.0k shares |
| 2025-05-19 | MOTHNER JONATHAN S Officer | Sold plan | $2.4m40.6k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 48.5m $3.2bn | Added +68.9k |
| Capital World Investors 0.38% of their portfolio | 39.3m $2.6bn | Reduced -50.0k |
| BlackRock, Inc. 0.04% of their portfolio | 35.1m $2.3bn | Reduced -920.7k |
| STATE STREET CORP 0.05% of their portfolio | 18.9m $1.3bn | Reduced -181.4k |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 13.6m $907.4m | Added +3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 10.2m $682.4m | Reduced -141.4k |
| PAR CAPITAL MANAGEMENT INC 16.38% of their portfolio | 7.5m $500.6m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 6.4m $425.4m | Reduced -72.9k |
| MORGAN STANLEY 0.03% of their portfolio | 5.9m $396.4m | Reduced -38.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 5.8m $389.7m | Added +1.3m |
| FIRST TRUST ADVISORS LP 0.29% of their portfolio | 5.4m $360.5m | Reduced -1.4m |
| NORTHERN TRUST CORP 0.05% of their portfolio | 5.3m $356.3m | Added +189.3k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 5.3m $354.2m | Added +406.8k |
| Allianz Asset Management GmbH 0.46% of their portfolio | 5.2m $347.3m | Reduced -663.5k |
| Invesco Ltd. 0.06% of their portfolio | 5.0m $333.4m | Reduced -862.7k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 4.6m $306.1m | Added +298.6k |
| NORGES BANK 0.04% of their portfolio | 4.5m $299.4m | Reduced -644.8k |
| Boston Partners 0.33% of their portfolio | 4.5m $299.3m | Reduced -690.4k |
| AQR CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 4.3m $284.7m | Added +245.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.26% of their portfolio | 4.2m $280.7m | Added +335.2k |
| Nuveen, LLC 0.06% of their portfolio | 3.4m $224.5m | Added +52.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.15% of their portfolio | 3.2m $215.3m | Reduced -538.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 3.2m $215.0m | Reduced -83.9k |
| Southpoint Capital Advisors LP 5.38% of their portfolio | 3.2m $213.6m | Reduced -1.8m |
| Legal & General Group Plc 0.05% of their portfolio | 3.2m $211.8m | Added +25.8k |
| Robeco Institutional Asset Management B.V. 0.34% of their portfolio | 3.2m $210.9m | Added +946.3k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 3.0m $196.9m | Reduced -124.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 2.9m $196.3m | Added +761.3k |
| ASSETMARK, INC 0.46% of their portfolio | 2.9m $195.7m | Reduced -119.0k |
| AustralianSuper Pty Ltd 0.98% of their portfolio | 2.9m $193.6m | Added +164.4k |
| Man Group plc 0.38% of their portfolio | 2.6m $174.9m | Added +41.1k |
| UBS Group AG 0.03% of their portfolio | 2.5m $164.5m | Added +547.8k |
| PANAGORA ASSET MANAGEMENT INC 0.74% of their portfolio | 2.5m $164.5m | Added +195.0k |
| Qube Research & Technologies Ltd 0.22% of their portfolio | 2.4m $159.0m | Reduced -1.9m |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 2.3m $155.2m | Reduced -1.1m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 2.3m $154.2m | Added +1.2m |
| LSV ASSET MANAGEMENT 0.36% of their portfolio | 2.3m $152.8m | Added +529.3k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 2.3m $152.6m | Reduced -560.8k |
| Sachem Head Capital Management LP 4.58% of their portfolio | 2.2m $146.7m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.53% of their portfolio | 2.0m $134.4m | Reduced -589.0k |
| Amundi 0.05% of their portfolio | 2.0m $137.3m | Added +300.8k |
| FMR LLC 0.01% of their portfolio | 2.0m $130.9m | Added +764.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.49% of their portfolio | 2.0m $130.6m | Added +553.3k |
| Khrom Capital Management LLC 14.10% of their portfolio | 1.9m $126.5m | Added +503.2k |
| BARCLAYS PLC 0.05% of their portfolio | 1.8m $122.6m | Added +700.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.6m $107.2m | Reduced -28.1k |
| Zurich Insurance Group Ltd/FI 0.69% of their portfolio | 1.3m $89.6m | New |
| Caisse de depot et placement du Quebec 0.19% of their portfolio | 1.3m $86.8m | Added +469.4k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.56% of their portfolio | 1.2m $82.3m | Added +29.9k |
| Solel Partners LP 14.08% of their portfolio | 1.2m $80.9m | Added +145.7k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 1.2m $81.0m | Added +124.8k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.2m $79.9m | Added +713.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.2m $79.4m | Added +142.5k |
| Swiss National Bank 0.05% of their portfolio | 1.2m $78.5m | Added +78.7k |
| KBC Group NV 0.19% of their portfolio | 1.1m $70.8m | Reduced -31.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0m $66.8m | Reduced -480.1k |
| CITIGROUP INC 0.05% of their portfolio | 982.7k $65.6m | Added +520.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.44% of their portfolio | 965.4k $64.4m | Added +150.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 950.1k $63.4m | Added +55.3k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 946.6k $63.2m | Reduced -1.0m |
| SEI INVESTMENTS CO 0.07% of their portfolio | 944.0k $63.0m | Added +118.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 940.1k $62.7m | Added +74.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.31% of their portfolio | 937.3k $62.6m | Added +646.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.14% of their portfolio | 922.4k $61.6m | Added +76.2k |
| National Pension Service 0.05% of their portfolio | 912.6k $60.9m | Added +4.5k |
| Freestone Grove Partners LP 0.45% of their portfolio | 888.8k $59.3m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.14% of their portfolio | 887.4k $59.2m | Added +28.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.12% of their portfolio | 837.7k $55.9m | Added +189.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 815.8k $54.4m | Reduced -1.3m |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 778.2k $51.9m | Reduced -547.7k |
| Hosking Partners LLP 2.06% of their portfolio | 775.3k $51.7m | Reduced -11.9k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 760.1k $50.7m | Reduced -170.3k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 754.9k $50.4m | Added +37.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 727.3k $48.5m | Added +31.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 723.3k $48.3m | Added +22.0k |
| California Public Employees Retirement System 0.03% of their portfolio | 722.3k $48.2m | Added +36.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 697.5k $46.5m | Reduced -489.8k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 691.7k $46.1m | Reduced -319.2k |
| Candriam S.C.A. 0.26% of their portfolio | 665.0k $44.4m | Added +72.1k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 664.5k $44.4m | Reduced -37.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.15% of their portfolio | 634.0k $42.3m | Added +43.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.75% of their portfolio | 632.7k $42.2m | Reduced -30.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.38% of their portfolio | 605.1k $40.4m | New |
| Aware Super Pty Ltd as trustee of Aware Super 0.58% of their portfolio | 596.4k $39.8m | Added +42.7k |
| QRG CAPITAL MANAGEMENT, INC. 0.34% of their portfolio | 587.3k $39.2m | Added +159.5k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 577.8k $38.6m | Added +187.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 576.9k $38.5m | Reduced -64.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio | 576.5k $38.5m | Reduced -241.7k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 575.6k $38.4m | Added +277.9k |
| Vest Financial, LLC 0.54% of their portfolio | 574.5k $38.3m | Reduced -177.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 564.6k $37.7m | Added +25.6k |
| Treasurer of the State of North Carolina 0.12% of their portfolio | 544.5k $36.3m | Added +237.6k |
| MERCER GLOBAL ADVISORS INC /ADV 0.08% of their portfolio | 543.1k $36.2m | Added +169.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 534.6k $35.7m | Added +22.1k |
| FEDERATED HERMES, INC. 0.07% of their portfolio | 521.0k $34.8m | Reduced -17.3k |
| Andra AP-fonden 0.47% of their portfolio | 509.3k $34.0m | Added +55.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.27% of their portfolio | 508.7k $34.0m | Added +98.2k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 488.6k $32.6m | Added +51.3k |
| Quantinno Capital Management LP 0.14% of their portfolio | 484.3k $32.3m | Added +240.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio | 482.5k $32.2m | Added +36.0k |