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 ($169.4m this quarter). Holder counts are more reliable. Shares outstanding: 360.2m as of 2025-10-17, 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 ≈ $71.12. Options: 30 managers hold calls ($167.2m notional), 31 hold puts ($156.5m).
Trends to Q3 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 |
| Q3 2025 | 930 |
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 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 |
| Q3 2025 | 443 | 398 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $684.4m | $394.0m | 0.58 |
| Q1 2025 | $142.1m | $102.6m | 0.72 |
| Q2 2025 | $137.5m | $151.4m | 1.10 |
| Q3 2025 | $167.2m | $156.5m | 0.94 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +2.1m |
| ASSETMARK, INC | Added | +1.4m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.1m |
| JPMORGAN CHASE & CO | Added | +965.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +958.6k |
| Qube Research & Technologies Ltd | Added | +873.2k |
| BANK OF AMERICA CORP /DE/ | Added | +739.8k |
| JANE STREET GROUP, LLC | Added | +613.7k |
| Squarepoint Ops LLC | Added | +576.1k |
| FMR LLC | Added | +521.0k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -3.2m |
| BlackRock, Inc. | Reduced | -1.9m |
| AustralianSuper Pty Ltd | Reduced | -1.6m |
| VANGUARD GROUP INC | Reduced | -1.5m |
| Zurich Insurance Group Ltd/FI | Sold out | -1.3m |
| Southpoint Capital Advisors LP | Reduced | -1.2m |
| Capital World Investors | Reduced | -1.0m |
| BARCLAYS PLC | Reduced | -841.1k |
| Freestone Grove Partners LP | Reduced | -698.6k |
| ROYAL BANK OF CANADA | Reduced | -675.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.8m462.3k shares |
| PEAK6 LLC | Reduced | $20.1m282.4k shares |
| NOMURA HOLDINGS INC | New | $17.8m250.0k shares |
| CITADEL ADVISORS LLC | Reduced | $12.1m169.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $9.3m131.1k shares |
| JANE STREET GROUP, LLC | Added | $8.8m124.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $7.3m1.0k shares |
| Troluce Capital Advisors LLC | New | $7.1m100.0k shares |
| JPMORGAN CHASE & CO | Added | $6.3m88.6k shares |
| UBS Group AG | New | $6.3m88.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $19.6m276.5k shares |
| PEAK6 LLC | Reduced | $17.7m249.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $16.2m228.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.9m167.9k shares |
| Nishkama Capital, LLC | New | $11.4m160.0k shares |
| IMC-Chicago, LLC | Added | $9.0m127.1k shares |
| UBS Group AG | Added | $8.2m115.0k shares |
| JANE STREET GROUP, LLC | Reduced | $6.7m95.0k shares |
| GROUP ONE TRADING LLC | Reduced | $6.6m92.9k shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | New | $5.3m75.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 4 | $2.1m | $2.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-05 | NAYLOR JEFFREY G Director | Sold plan | $700.0k10.0k shares |
| 2025-08-05 | Wenzel Brian J. Sr. Officer | Sold plan | $596.0k8.5k shares |
| 2025-08-04 | Gentleman Courtney Officer | Sold plan | $48.2k709 shares |
| 2025-08-04 | Owens Darrell Officer | Sold plan | $40.8k600 shares |
| 2025-08-01 | NAYLOR JEFFREY G Director | Sold plan | $675.0k10.0k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 47.0m $3.3bn | Reduced -1.5m |
| Capital World Investors 0.37% of their portfolio | 38.3m $2.7bn | Reduced -1.0m |
| BlackRock, Inc. 0.04% of their portfolio | 33.2m $2.4bn | Reduced -1.9m |
| STATE STREET CORP 0.05% of their portfolio | 19.1m $1.4bn | Added +191.9k |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 14.3m $1.0bn | Added +739.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 10.1m $721.4m | Reduced -81.2k |
| PAR CAPITAL MANAGEMENT INC 15.73% of their portfolio | 7.5m $532.9m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 6.7m $478.5m | Added +2.1m |
| MORGAN STANLEY 0.02% of their portfolio | 5.8m $411.2m | Reduced -151.6k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 5.8m $411.2m | Reduced -589.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 5.4m $386.6m | Reduced -397.6k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 5.2m $370.5m | Reduced -123.8k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 5.2m $370.4m | Reduced -93.3k |
| FIRST TRUST ADVISORS LP 0.27% of their portfolio | 5.1m $362.6m | Reduced -297.6k |
| Invesco Ltd. 0.06% of their portfolio | 5.0m $353.3m | Reduced -22.6k |
| Allianz Asset Management GmbH 0.43% of their portfolio | 4.9m $347.5m | Reduced -314.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.28% of their portfolio | 4.5m $318.2m | Added +333.1k |
| ASSETMARK, INC 0.66% of their portfolio | 4.3m $309.0m | Added +1.4m |
| Boston Partners 0.29% of their portfolio | 3.9m $278.4m | Reduced -564.7k |
| AQR CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 3.7m $260.2m | Reduced -603.7k |
| Qube Research & Technologies Ltd 0.33% of their portfolio | 3.3m $231.3m | Added +873.2k |
| Legal & General Group Plc 0.05% of their portfolio | 3.2m $224.7m | Reduced -11.8k |
| Robeco Institutional Asset Management B.V. 0.32% of their portfolio | 3.1m $223.0m | Reduced -20.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 3.1m $219.5m | Reduced -131.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 2.9m $207.3m | Reduced -23.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.70% of their portfolio | 2.9m $207.1m | Added +958.6k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.9m $205.2m | Reduced -62.8k |
| Nuveen, LLC 0.05% of their portfolio | 2.9m $204.8m | Reduced -480.7k |
| Man Group plc 0.39% of their portfolio | 2.9m $204.1m | Added +251.4k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 2.6m $185.4m | Added +322.1k |
| PANAGORA ASSET MANAGEMENT INC 0.74% of their portfolio | 2.6m $184.4m | Added +130.4k |
| FMR LLC 0.01% of their portfolio | 2.5m $176.4m | Added +521.0k |
| LSV ASSET MANAGEMENT 0.37% of their portfolio | 2.3m $165.9m | Added +45.9k |
| Amundi 0.05% of their portfolio | 2.2m $158.2m | Added +240.1k |
| Sachem Head Capital Management LP 4.41% of their portfolio | 2.2m $156.0m | Reduced -2.5k |
| Southpoint Capital Advisors LP 3.73% of their portfolio | 2.0m $142.1m | Reduced -1.2m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.56% of their portfolio | 2.0m $140.1m | Reduced -41.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.0m $139.8m | Added +965.8k |
| UBS Group AG 0.03% of their portfolio | 2.0m $139.0m | Reduced -507.8k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 1.9m $135.6m | Reduced -412.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 1.8m $127.8m | Added +1.1m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.6m $116.2m | Reduced -675.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 1.5m $103.6m | Reduced -147.7k |
| CITIGROUP INC 0.07% of their portfolio | 1.4m $100.5m | Added +431.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.56% of their portfolio | 1.3m $95.2m | Added +106.7k |
| AustralianSuper Pty Ltd 0.44% of their portfolio | 1.3m $93.1m | Reduced -1.6m |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.3m $91.2m | Added +93.6k |
| Khrom Capital Management LLC 9.23% of their portfolio | 1.3m $88.8m | Reduced -645.0k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 1.2m $87.5m | Reduced -17.8k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 1.2m $82.7m | Added +219.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.35% of their portfolio | 1.1m $80.1m | Added +189.4k |
| KBC Group NV 0.19% of their portfolio | 1.1m $78.9m | Added +49.5k |
| Swiss National Bank 0.05% of their portfolio | 1.1m $78.0m | Reduced -79.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.17% of their portfolio | 1.1m $77.6m | Added +169.6k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.1m $76.5m | Reduced -119.9k |
| BARCLAYS PLC 0.03% of their portfolio | 995.6k $70.7m | Reduced -841.1k |
| National Pension Service 0.05% of their portfolio | 992.3k $70.5m | Added +79.7k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.44% of their portfolio | 965.4k $68.6m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 894.4k $63.5m | Reduced -55.8k |
| Caisse de depot et placement du Quebec 0.11% of their portfolio | 882.1k $62.7m | Reduced -418.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 820.1k $58.3m | Reduced -120.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 787.1k $55.9m | Added +8.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 771.0k $54.8m | Reduced -44.8k |
| Hosking Partners LLP 1.97% of their portfolio | 766.1k $54.4m | Reduced -9.2k |
| California Public Employees Retirement System 0.03% of their portfolio | 756.5k $53.7m | Added +34.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 746.7k $53.1m | Added +19.4k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 742.8k $52.8m | Reduced -203.8k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 740.6k $52.6m | Added +76.1k |
| Solel Partners LP 10.10% of their portfolio | 739.0k $52.5m | Reduced -472.6k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 729.4k $51.8m | Reduced -30.7k |
| Squarepoint Ops LLC 0.11% of their portfolio | 725.5k $51.5m | Added +576.1k |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 720.0k $51.2m | Added +199.0k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 686.1k $48.9m | Reduced -5.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 664.0k $47.2m | Reduced -33.5k |
| Quantinno Capital Management LP 0.13% of their portfolio | 662.1k $47.0m | Added +177.9k |
| MERCER GLOBAL ADVISORS INC /ADV 0.08% of their portfolio | 645.9k $45.9m | Added +102.8k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 643.9k $45.7m | Added +613.7k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 611.6k $43.5m | Added +33.7k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 601.7k $42.7m | Added +113.0k |
| Candriam S.C.A. 0.22% of their portfolio | 600.2k $42.6m | Reduced -64.8k |
| Aware Super Pty Ltd as trustee of Aware Super 0.58% of their portfolio | 596.4k $42.4m | Unchanged |
| Vest Financial, LLC 0.53% of their portfolio | 566.4k $40.2m | Reduced -8.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio | 556.0k $39.3m | Reduced -331.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.67% of their portfolio | 554.4k $39.4m | Reduced -78.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 549.3k $39.0m | Reduced -205.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 549.1k $39.0m | Reduced -27.8k |
| Treasurer of the State of North Carolina 0.12% of their portfolio | 533.4k $37.9m | Reduced -11.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 526.5k $37.4m | Reduced -38.1k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.33% of their portfolio | 510.9k $36.3m | Reduced -94.2k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.12% of their portfolio | 509.3k $36.2m | Reduced -124.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 506.4k $36.0m | Added +41.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 492.7k $35.0m | Reduced -345.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio | 491.4k $34.9m | Reduced -85.1k |
| Assenagon Asset Management S.A. 0.05% of their portfolio | 486.3k $34.5m | Added +379.7k |
| DANSKE BANK A/S 0.09% of their portfolio | 483.6k $34.4m | Added +193.7k |
| Brandywine Global Investment Management, LLC 0.22% of their portfolio | 455.4k $32.4m | Added +85.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.05% of their portfolio | 453.2k $32.2m | Reduced -29.4k |
| CSM Advisors, LLC 0.89% of their portfolio | 448.6k $31.9m | Reduced -21.7k |
| Korea Investment CORP 0.07% of their portfolio | 446.9k $31.8m | Reduced -33.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.08% of their portfolio | 444.9k $31.6m | Added +764 |