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DISCOVER FINANCIAL
DISCOVER FINANCIAL. Institutional holdings reported to the SEC.

Institutional Holders (2016Q3)
Portfolio Summary: 770 Institutional holders with a total value of $18,955,472,365.
#
Manager Name
Shares
Value ($)
%
Options
Notes
101 CAPITAL GUARDIAN TRUST CO 638,800 36,124,000 0.19%
102 APG Asset Management N.V. 636,232 35,979,000 0.19%
103 State of Tennessee, Department of Treasury 622,066 35,179,000 0.19%
104 BlackRock Japan Co. Ltd 622,009 35,175,000 0.19%
105 PRINCIPAL FINANCIAL GROUP INC 610,317 34,513,000 0.18%
106 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 609,126 34,446,000 0.18%
107 Brandywine Global Investment Management, LLC 605,037 34,215,000 0.18%
108 CS MCKEE LP 600,508 33,959,000 0.18%
109 TODD ASSET MANAGEMENT LLC 596,744 33,746,000 0.18%
110 TRUIST FINANCIAL CORP 573,849 32,451,000 0.17%
111 RAYMOND JAMES & ASSOCIATES 523,418 29,600,000 0.16%
112 TD ASSET MANAGEMENT INC 513,181 29,020,000 0.15%
113 UBS Group AG 500,874 28,325,000 0.15%
114 CANADA PENSION PLAN INVESTMENT BOARD 492,844 27,870,000 0.15%
115 GATEWAY INVESTMENT ADVISERS LLC 482,610 27,292,000 0.14%
116 TRILOGY GLOBAL ADVISORS LP 475,423 26,885,000 0.14%
117 Ulysses Management LLC 475,000 26,861,000 0.14% Call
118 Dana Investment Advisors, Inc. 471,843 26,683,000 0.14%
119 DekaBank Deutsche Girozentrale 472,503 26,480,000 0.14%
120 WEDGE CAPITAL MANAGEMENT L L P/NC 450,166 25,457,000 0.13%
121 BURNEY CO/ 440,612 25,137,000 0.13%
122 AXA S.A. 443,470 25,078,000 0.13%
123 PRUDENTIAL PLC 442,272 25,010,000 0.13%
124 PUTNAM INVESTMENTS LLC 440,763 24,925,000 0.13%
125 UNITED SERVICES AUTOMOBILE ASSOCIATION 430,781 24,361,000 0.13%
126 SUSQUEHANNA INTERNATIONAL GROUP, LLP 424,900 24,028,000 0.13% Put
127 SALEM INVESTMENT COUNSELORS INC 42,486 24,026,000 0.13%
128 HSBC HOLDINGS PLC 422,663 23,880,000 0.13%
129 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 413,261 23,370,000 0.12%
130 QS Investors, LLC 412,244 23,312,000 0.12%
131 STATE OF WISCONSIN INVESTMENT BOARD 411,848 23,290,000 0.12%
132 BRUNI J V & CO /CO 411,497 23,270,000 0.12%
133 GUGGENHEIM CAPITAL LLC 407,980 23,071,000 0.12%
134 Candriam S.C.A. 405,779 22,947,000 0.12%
135 Boston Trust Walden Corp 404,107 22,852,000 0.12%
136 ADVISORY RESEARCH INC 402,672 22,771,000 0.12%
137 MENORA MIVTACHIM HOLDINGS LTD. 391,700 22,151,000 0.12%
138 FIFTH THIRD BANCORP 368,695 20,850,000 0.11%
139 National Pension Service 339,843 19,218,000 0.10%
140 State of New Jersey Common Pension Fund D 337,500 19,086,000 0.10%
141 AMP Capital Investors Ltd 331,097 18,548,000 0.10%
142 US BANCORP \DE\ 323,723 18,307,000 0.10%
143 SMITH ASSET MANAGEMENT GROUP LP 318,425 17,972,000 0.09%
144 CREDIT AGRICOLE S A 310,044 17,533,000 0.09%
145 HM PAYSON & CO 309,297 17,490,000 0.09%
146 CI INVESTMENTS INC. 306,787 17,349,000 0.09%
147 GLENMEDE TRUST CO NA 302,619 17,112,000 0.09%
148 VAUGHAN DAVID INVESTMENTS LLC/IL 300,810 17,011,000 0.09%
149 Arvest Bank Trust Division 300,472 16,992,000 0.09%
150 TOCQUEVILLE ASSET MANAGEMENT L.P. 298,609 16,886,000 0.09%
Page 3 of 16

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.