SLM

SLM • NASDAQ

SLM is a financial - credit services company in the financial services sector on NASDAQ, led by Kerri A. Palmer, with a market cap of $5.5B. As of Q3 2025, 105% of shares are held by 388 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.7%.

Not applicableKerri A. Palmer

Market Cap$5.5B

Financial - Credit Services

Financial Services

Employees1.7K

Websitesalliemae.com

Country

United States of America

Overview

Overview of institutional ownership in SLM as of Q3 2025 with a market cap of $5.8B

All Institutions

Institutions: 388
Value Held: $6.1B
Shares Held: 218.7M
Avg Position: $15.6M
Median Position: $884.3K

Hedge Funds

Hedge Funds: 53
Value Held: $874.3M
Shares Held: 31.6M
Avg Position: $16.5M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

89.75%

$5.2B

Hedge Funds

15.15%

$874.3M

Retail & Other

Based on market cap of $5.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SLM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$675.1M 0.01% of portfolio	11.70% 24.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$536.5M 0.01% of portfolio	9.30% 19.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$521.5M 0.03% of portfolio	9.04% 18.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$400.3M 1.27% of portfolio	6.94% 14.5M shares	Q4 2024 Held for 11 months	$31.4B
B Brave Warrior Advisors, LLC Hedge Fund•Long/Short	Donna M. Martel-Downing CCO	$322.7M 7.19% of portfolio	5.59% 11.7M shares	Q1 2025 Held for 8 months	$4.5B
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$281.3M 0.05% of portfolio	4.87% 10.2M shares	Q4 2024 Held for 11 months	$532.36B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$235.3M 0.24% of portfolio	4.09% 8.5M shares	≤ Q2 2013 Held for 12y 5m+	$97.8B
I Impactive Capital LP Hedge Fund•Activist	James William Garrett CFO	$200.0M 9.61% of portfolio	3.47% 7.2M shares	Q4 2019 Held for 5y 11m	$2.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$183.0M 0.01% of portfolio	3.17% 6.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$170.0M 0.05% of portfolio	2.95% 6.1M shares	Q4 2019 Held for 5y 11m	$322.72B

Net Capital Flow

Institutional buying and selling activity for SLM in Q3 2025

Traded: +$89.5M
Buyers: 176
Sellers: 217
Total Bought: +$551.8M
Total Sold: −$462.3M
Avg Position: $13.2M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$57.4M +2.1M shares	$81.4M 2.9M shares
Capital Research Global Investors RIA/Wealth	+$51.2M +1.8M shares	$281.3M 10.2M shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	+$35.6M +1.3M shares	$99.9M 3.6M shares
B Brave Warrior Advisors, LLC Hedge Fund•Long/Short	+$31.0M +1.1M shares	$322.7M 11.7M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$29.2M +1.1M shares	$52.1M 1.9M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$21.9M +789.9K shares	$26.4M 952.2K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$19.3M +697.5K shares	$21.5M 775.1K shares
J JANE STREET GROUP, LLC Institution	+$17.5M +632.8K shares	$33.1M 1.2M shares
UBS Group AG Institution	+$16.4M +594.2K shares	$57.1M 2.1M shares
MD SASS INVESTORS SERVICES INC Long Only Manager	+$16.1M +580.6K shares	$47.9M 1.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
Robeco Investment Management, Inc. Long Only Manager	−$70.7M −2.6M shares	$235.3M 8.5M shares
FIRST TRUST ADVISORS LP ETF Provider	−$45.3M −1.6M shares	$51.5M 1.9M shares
Portolan Capital Management, LLC Hedge Fund•Long/Short	−$23.3M −710.3K shares	Sold Off 0 shares
I Impactive Capital LP Hedge Fund•Activist	−$22.3M −804.8K shares	$200.0M 7.2M shares
VANGUARD GROUP INC Institution	−$20.7M −749.0K shares	$675.1M 24.4M shares
Governors Lane LP Hedge Fund•Event Driven	−$19.6M −599.0K shares	Sold Off 0 shares
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	−$15.3M −468.0K shares	Sold Off 0 shares
C Capitolis Liquid Global Markets LLC Private Equity	−$15.2M −462.8K shares	Sold Off 0 shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$13.7M −495.4K shares	$17.4M 629.8K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$11.5M −415.2K shares	$4.9M 177.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SLM in Q3 2025

New Positions: 21
New Value: $29.4M
Exited Positions: 71
Exited Value: $144.6M

New Positions

Institution	Position Value
Scion Asset Management, LLC Hedge Fund•Multi-Strategy	$13.3M 480.1K shares
A AYAL Capital Advisors Ltd Institution	$5.8M 210.0K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$2.6M 94.5K shares
EFG Asset Management Corp. Long Only Manager	$2.3M 84.8K shares
44 WEALTH MANAGEMENT LLC RIA/Wealth	$1.4M 49.9K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$1.3M 48.6K shares
BAXTER BROS INC RIA/Wealth	$995.9K 36.0K shares
Cercano Management LLC Family Office	$553.6K 20.0K shares
1 111 Capital Institution	$549.9K 19.9K shares
L LGT Group Foundation Institution	$219.2K 8.0K shares

Exited Positions

Institution	Previous Position
Portolan Capital Management, LLC Hedge Fund•Long/Short	$23.3M 710.3K shares
Governors Lane LP Hedge Fund•Event Driven	$19.6M 599.0K shares
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	$15.3M 468.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$15.2M 462.8K shares
C Cubist Systematic Strategies, LLC Institution	$8.6M 261.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$7.8M 236.9K shares
L Livforsakringsaktiebolaget Skandia Institution	$5.3M 160.3K shares
A AXA Institution	$5.2M 157.5K shares
EAM Global Investors LLC Long Only Manager	$4.9M 149.7K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	$4.7M 143.9K shares

Options Activity

Institutions with the largest Call and Put options positions in SLM as of Q3 2025

Call Positions: 10
Call Value: $10.9M
Put Positions: 11
Put Value: $58.0M

Call Positions

Institution	Position Value
Walleye Trading LLC RIA/Wealth	$3.3M 1.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.2M 1.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.0M 723.0 contracts
J JANE STREET GROUP, LLC Institution	$930.0K 336.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$537.0K 194.0 contracts
W WOLVERINE TRADING, LLC Institution	$347.6K 124.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$290.6K 105.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$202.1K 73.0 contracts
Governors Lane LP Hedge Fund•Event Driven	- - contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
Diameter Capital Partners LP Hedge Fund•Credit Arb	$27.7M 10.0K contracts
Walleye Trading LLC RIA/Wealth	$6.9M 2.5K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$6.2M 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.6M 1.7K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.4M 1.6K contracts
R ROYAL BANK OF CANADA Institution	$3.9M 1.4K contracts
Beach Point Capital Management LP Hedge Fund•Multi-Strategy	$2.7M 7.2K contracts
W WOLVERINE TRADING, LLC Institution	$717.6K 256.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$531.5K 192.0 contracts
J JANE STREET GROUP, LLC Institution	$448.4K 162.0 contracts

Most Committed Institutions

Institutions with SLM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Scion Asset Management, LLC Hedge Fund•Multi-Strategy	Michael James Burry CEO	24.16% $13.3M	0.23% 480.1K shares	Q3 2025 Held for 2 months	$55.0M
I Impactive Capital LP Hedge Fund•Activist	James William Garrett CFO	9.61% $200.0M	3.47% 7.2M shares	Q4 2019 Held for 5y 11m	$2.1B
B Brave Warrior Advisors, LLC Hedge Fund•Long/Short	Donna M. Martel-Downing CCO	7.19% $322.7M	5.59% 11.7M shares	Q1 2025 Held for 8 months	$4.5B
Sycale Advisors LLC Hedge Fund•Distressed	Arnold Ephraim Dande Ngoje CFO	5.36% $17.2M	0.30% 620.2K shares	Q3 2024 Held for 1y 2m	$320.5M
P Pertento Partners LLP Hedge Fund•Long/Short	-	4.67% $37.0M	0.64% 1.3M shares	Q4 2024 Held for 11 months	$793.1M
MD SASS INVESTORS SERVICES INC Long Only Manager	Martin Douglas Sass CEO	3.76% $47.9M	0.83% 1.7M shares	Q1 2025 Held for 8 months	$1.3B
A AYAL Capital Advisors Ltd Institution	-	3.35% $5.8M	0.10% 210.0K shares	Q3 2025 Held for 2 months	$173.4M
Helix Partners Management LP Hedge Fund•Distressed	Jonathan Michael Heller CEO	3.30% $5.5M	0.10% 200.0K shares	Q4 2024 Held for 11 months	$167.8M
Gator Capital Management, LLC Hedge Fund•Long/Short	Derek Steven Pilecki CIO	2.89% $11.3M	0.20% 407.4K shares	Q4 2021 Held for 3y 11m	$390.0M
Polaris Capital Management, Inc. Long Only Manager	Bernard Robert Horn President	2.56% $39.1M	0.68% 1.4M shares	Q1 2022 Held for 3y 8m	$1.5B

Hedge Fund Spotlight

Discover hedge funds investing in SLM

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in SLM

Market Value: $2.6M
Shares Held: 95.2K
Portfolio Weight: 0.01%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%