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Discover Financial Services

DFSDelisted
Industry
Personal Credit Institutions
SEC CIK
0001393612

Discover Financial Services was delisted in 2025; its insiders filed their last Form 4 on May 19, 2025; 1,176 institutions reported holding it in 13F filings for Q1 2025, worth $37.5B in total; superinvestors Third Point and Maverick Capital held it.

13F holders, Q1 2025

Institutional positions in Discover Financial Services as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

DFS is no longer listed, so this page shows Q1 2025. 13F filings for later quarters list far fewer holders.

Institutional holders
1,176
+23 vs. Q4 2024
Shares held
218.6M
+3.12M (+1.4%) vs. Q4 2024
Total value
$37.3B
−$45.8M (−0.1%) vs. Q4 2024
New holders
131
390 more added
Sold out
108
442 more reduced

20 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting DFS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 1,176 institutions
Q1 2021: 898 institutionsQ2 2021: 927 institutionsQ3 2021: 946 institutionsQ4 2021: 983 institutionsQ1 2022: 953 institutionsQ2 2022: 944 institutionsQ3 2022: 927 institutionsQ4 2022: 980 institutionsQ1 2023: 958 institutionsQ2 2023: 975 institutionsQ3 2023: 908 institutionsQ4 2023: 979 institutionsQ1 2024: 1,036 institutionsQ2 2024: 1,030 institutionsQ3 2024: 1,061 institutionsQ4 2024: 1,173 institutionsQ1 2025: 1,176 institutionsQ2 2025: 10 institutionsQ3 2025: 3 institutionsQ4 2025: 2 institutionsQ1 2026: 4 institutionsQ2 2026: 1 institution
Value heldQ1 2025: $37.5B
Q1 2021: $24.9BQ2 2021: $30.6BQ3 2021: $30.8BQ4 2021: $28.4BQ1 2022: $26.1BQ2 2022: $21.8BQ3 2022: $20.7BQ4 2022: $21.9BQ1 2023: $21.9BQ2 2023: $24.7BQ3 2023: $18.3BQ4 2023: $25.2BQ1 2024: $29.4BQ2 2024: $28.0BQ3 2024: $30.2BQ4 2024: $37.7BQ1 2025: $37.5BQ2 2025: $15.3MQ3 2025: $4.45MQ4 2025: $1.15KQ1 2026: $8.35MQ2 2026: $200
Institutions holding DFS and their total value by quarter
QuarterHoldersValue
Q2 20261$200
Q1 20264$8.35M
Q4 20252$1.15K
Q3 20253$4.45M
Q2 202510$15.3M
Q1 20251,176$37.5B
Q4 20241,173$37.7B
Q3 20241,061$30.2B
Q2 20241,030$28.0B
Q1 20241,036$29.4B
Q4 2023979$25.2B
Q3 2023908$18.3B
Q2 2023975$24.7B
Q1 2023958$21.9B
Q4 2022980$21.9B
Q3 2022927$20.7B
Q2 2022944$21.8B
Q1 2022953$26.1B
Q4 2021983$28.4B
Q3 2021946$30.8B
Q2 2021927$30.6B
Q1 2021898$24.9B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Discover Financial Services; share changes are against Q4 2024.

Institutions holding DFS in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc31,151,624$5.32B0.10%+106,416+0.3%Added
Capital World Investors20,688,885$3.53B0.57%+1,184,937+6.1%Added
BlackRock, Inc.20,590,789$3.51B0.07%−1,178,068−5.4%Reduced
State Street Corp10,930,219$1.87B0.08%+135,086+1.3%Added
FMR LLC6,436,664$1.10B0.07%−1,116,352−14.8%Reduced
Geode Capital Management, LLC6,395,805$1.09B0.09%+155,354+2.5%Added
Norges Bank4,961,102$846.9M0.12%+777,530+18.6%Added
Farallon Capital Management, L.L.C.4,780,000$815.9M4.40%+520,000+12.2%Added
Morgan Stanley4,602,174$785.6M0.06%+245,424+5.6%Added
Boston Partners3,621,894$618.5M0.75%−1,187,741−24.7%Reduced
Dimensional Fund Advisors LP3,143,456$536.3M0.13%−13,193−0.4%Reduced
Northern Trust Corp2,933,464$500.7M0.07%+216,755+8.0%Added
Invesco Ltd.2,838,183$484.5M0.09%−136,288−4.6%Reduced
UBS Group AG2,416,137$412.4M0.09%+290,919+13.7%Added
UBS Oconnor LLC2,389,191$407.8M9.70%+1,222,493+104.8%Added
JPMorgan Chase & Co2,165,415$369.6M0.03%−35,229−1.6%Reduced
UBS Asset Management Americas Inc2,085,202$355.9M0.09%+15,032+0.7%Added
Sessa Capital IM, L.P.1,776,132$303.2M12.50%00.0%Unchanged
Balyasny Asset Management LLC1,758,878$300.2M0.75%−180,428−9.3%Reduced
Legal & General Group Plc1,736,525$296.4M0.08%+116,798+7.2%Added
Goldman Sachs Group Inc1,732,628$295.8M0.06%−48,068−2.7%Reduced
Charles Schwab Investment Management Inc1,720,034$293.6M0.06%−18,770−1.1%Reduced
Rokos Capital Management LLP1,712,342$292.5M7.93%+1,150,671+204.9%Added
Millennium Management LLC1,651,554$281.9M0.27%−42,600−2.5%Reduced
Eagle Capital Management LLC1,635,707$279.2M1.02%+88,283+5.7%Added
Brave Warrior Advisors, LLC1,608,880$274.6M6.29%−915,085−36.3%Reduced
Nuveen, LLC1,606,904$274.3M0.08%+1,606,904New
Bank of New York Mellon Corp1,602,430$273.5M0.05%−35,685−2.2%Reduced
Capital International Investors1,561,822$266.2M0.05%−223,621−12.5%Reduced
Voya Investment Management LLC1,411,612$241.0M0.27%+338,596+31.6%Added
Arrowstreet Capital, Limited Partnership1,391,989$237.6M0.19%−479,282−25.6%Reduced
Bank of America Corp1,371,798$234.2M0.02%−517,793−27.4%Reduced
Canada Pension Plan Investment Board1,228,408$209.7M0.20%+979,258+393.0%Added
Amundi1,288,705$207.8M0.08%+557,291+76.2%Added
LSV Asset Management1,203,093$205.4M0.49%−280,964−18.9%Reduced
Deutsche Bank AG1,108,372$189.2M0.08%+185,397+20.1%Added
Davidson Kempner Capital Management LP1,084,171$185.1M2.61%+1,084,171New
HSBC Holdings PLC1,027,595$175.0M0.12%−140,272−12.0%Reduced
Alpine Associates Management Inc.987,635$168.6M8.83%+123,471+14.3%Added
Laurion Capital Management LP961,697$164.2M12.62%00.0%Unchanged
Adage Capital Partners GP, L.L.C.955,670$163.1M0.30%+461,386+93.3%Added
Wellington Management Group LLP917,043$156.5M0.03%+200,293+27.9%Added
KBC Group NV895,663$152.9M0.47%−28,370−3.1%Reduced
Envestnet Asset Management Inc851,563$145.4M0.05%−313,728−26.9%Reduced
Barclays PLC801,155$136.8M0.06%+137,128+20.7%Added
California Public Employees Retirement System768,927$131.3M0.09%+71,758+10.3%Added
Bank of Nova Scotia752,113$128.4M0.29%+190,708+34.0%Added
Third Point LLCSuperinvestorThird Point740,000$126.3M1.98%+100,000+15.6%Added
Alliancebernstein L.P.722,494$123.3M0.04%+56,142+8.4%Added
Price T Rowe Associates Inc717,833$122.5M0.02%+192,447+36.6%Added
Swiss National Bank708,690$121.0M0.09%−600−0.1%Reduced
AustralianSuper Pty Ltd662,010$113.0M0.64%−222,516−25.2%Reduced
Ameriprise Financial Inc649,450$110.9M0.03%−114,322−15.0%Reduced
Westchester Capital Management, LLC640,000$109.2M6.33%+493,297+336.3%Added
Marshall Wace, LLP622,295$106.2M0.14%+333,031+115.1%Added
BNP Paribas Arbitrage, SA621,634$106.1M0.08%−1,491−0.2%Reduced
HBK Investments L P596,072$101.7M1.77%+596,072New
Canoe Financial LP594,385$101.5M1.63%+66,118+12.5%Added
Ensign Peak Advisors, Inc585,960$100.0M0.19%+12,620+2.2%Added
Taconic Capital Advisors LP583,339$99.6M8.81%−591,513−50.3%Reduced
National Bank of Canada576,923$98.5M0.12%+267,954+86.7%Added
Primecap Management Co574,953$98.1M0.08%−29,950−5.0%Reduced
Sumitomo Mitsui Trust Holdings, Inc.564,923$96.4M0.07%+3,101+0.6%Added
CI Private Wealth, LLC554,050$94.6M0.15%+17,047+3.2%Added
Rhumbline Advisers532,949$91.0M0.09%+24,707+4.9%Added
Pentwater Capital Management LP510,000$87.1M1.21%−25,000−4.7%Reduced
Magnetar Financial LLC507,338$86.6M1.14%+43,762+9.4%Added
Sona Asset Management (US) LLC501,279$85.6M3.25%+250,993+100.3%Added
Royal Bank of Canada495,432$84.6M0.02%+139,220+39.1%Added
M&G Plc476,308$81.4M0.39%−22,916−4.6%Reduced
Thrivent Financial for Lutherans457,502$78.1M0.17%−124,487−21.4%Reduced
CNH Partners LLC470,451$78.0M1.89%+215,882+84.8%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.447,446$76.4M0.07%+52,068+13.2%Added
California State Teachers Retirement System425,205$72.6M0.09%−927−0.2%Reduced
National Pension Service420,031$71.7M0.07%+4,433+1.1%Added
Alua Capital Management LP419,100$71.5M5.82%00.0%Unchanged
Barrow Hanley Mewhinney & Strauss LLC400,957$68.4M0.25%+400,957New
Allianz Asset Management GmbH389,450$66.5M0.10%+64,331+19.8%Added
Maverick Capital LtdSuperinvestorMaverick Capital378,176$64.6M1.16%+376,012+17,375.8%Added
Citigroup Inc369,055$63.0M0.05%+166,460+82.2%Added
Bronte Capital Management Pty Ltd.299,914$59.9M4.87%−2,483−0.8%Reduced
Bank of Montreal344,275$58.8M0.03%−45,448−11.7%Reduced
Nordea Investment Management AB350,129$58.3M0.06%+8,044+2.4%Added
Point72 Europe (London) LLP336,201$57.4M3.96%+60,900+22.1%Added
Citadel Advisors LLC334,777$57.1M0.06%−282,656−45.8%Reduced
Discovery Capital Management, LLC330,065$56.3M6.74%+189,165+134.3%Added
Wells Fargo & Company327,355$55.9M0.01%−41,064−11.1%Reduced
Caxton Associates LLP320,020$54.6M1.90%+320,020New
Omni Event Management Ltd311,621$53.2M6.24%+311,621New
Principal Financial Group Inc311,095$53.1M0.03%+19,670+6.7%Added
Qube Research & Technologies Ltd309,200$52.8M0.08%−128,007−29.3%Reduced
Freestone Grove Partners LP306,973$52.4M0.54%+83,426+37.3%Added
Zurcher Kantonalbank (Zurich Cantonalbank)303,299$51.8M0.15%+102,504+51.0%Added
Renaissance Technologies LLC297,236$50.7M0.08%+233,536+366.6%Added
Los Angeles Capital Management LLC294,576$50.3M0.22%−34,820−10.6%Reduced
Great West Life Assurance Co293,984$50.3M0.09%+2,912+1.0%Added
American Century Companies Inc292,680$50.0M0.03%+218,165+292.8%Added
Storebrand Asset Management AS289,076$49.3M0.16%+154,865+115.4%Added
Bruni J V & Co281,973$48.1M5.59%−21,360−7.0%Reduced
D. E. Shaw & Co., Inc.269,176$45.9M0.05%+254,692+1,758.4%Added