SLM Corp: which funds bought and sold

Institutions that bought and sold SLM shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 182 institutions that filed 13F reports for both quarters added to or opened positions in SLM, and 181 cut or closed them. Together they added a net 3.6M shares, +1.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.7M shares (+4.3%); index fund managers were net sellers of 3.3M shares (−6.0%). 60 opened a new position and 44 sold out entirely.

Bought, Q2 2026 182 institutions, 60 of them new holders Sold, Q2 2026 181 institutions, 44 of them sold out

Net change, all compared +3.6M shares (+1.7%)

Net change, active managers +3.7M shares (+4.3%), 28 bought, 32 sold

Buyers versus sellers

institutions compared, 419

182 bought 56 181 sold

Active managers and hedge funds 28 bought · 32 sold · +3.7M

Index fund managers 3 bought · 7 sold · −3.3M

Other institutions 151 bought · 142 sold · +3.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Price T Rowe Associates Inc Active manager	+4.1M +48.4%	12.5M	$325M
Goldman Sachs Group Inc	+3.2M +153.5%	5.2M	$135M
Victory Capital Management Inc Active manager	+2.2M +3791.8%	2.3M	$59.6M
Walleye Capital LLC Hedge fund	+2.2M +16740.3%	2.2M	$56.6M
Barrow Hanley Mewhinney & Strauss LLC Active manager	+1.3M +24.6%	6.5M	$169M
Arrowstreet Capital, Limited Partnership Hedge fund	+1.2M New position	1.2M	$30.9M
AQR Capital Management LLC Hedge fund	+997K +168.4%	1.6M	$41.2M
Boston Partners Active manager	+995K +119.0%	1.8M	$47.4M
First Trust Advisors LP	+966K +41.9%	3.3M	$84.8M
American Century Companies Inc Active manager	+891K +14.1%	7.2M	$187M
Bank Of America Corp	+771K +115.7%	1.4M	$37.3M
Hotchkis & Wiley Capital Management LLC Active manager	+730K +11.3%	7.2M	$187M
Azora Capital LP Hedge fund	+569K +17.7%	3.8M	$97.9M
Morgan Stanley	+560K +20.2%	3.3M	$86.4M
Natixis	+473K New position	473K	$12.3M
Dimensional Fund Advisors LP	+383K +5.1%	7.9M	$205M
Quantinno Capital Management LP	+357K +119.9%	654K	$17M
Nomura Asset Management International Inc.	+331K +18.5%	2.1M	$54.9M
Invesco Ltd.	+225K +35.5%	860K	$22.3M
PDT Partners, LLC Hedge fund	+203K New position	203K	$5.3M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Price T Rowe Associates Inc Active manager	+4.1M +48.4%	12.5M	$325M
Victory Capital Management Inc Active manager	+2.2M +3791.8%	2.3M	$59.6M
Walleye Capital LLC Hedge fund	+2.2M +16740.3%	2.2M	$56.6M
Barrow Hanley Mewhinney & Strauss LLC Active manager	+1.3M +24.6%	6.5M	$169M
Arrowstreet Capital, Limited Partnership Hedge fund	+1.2M New position	1.2M	$30.9M
AQR Capital Management LLC Hedge fund	+997K +168.4%	1.6M	$41.2M
Boston Partners Active manager	+995K +119.0%	1.8M	$47.4M
American Century Companies Inc Active manager	+891K +14.1%	7.2M	$187M
Hotchkis & Wiley Capital Management LLC Active manager	+730K +11.3%	7.2M	$187M
Azora Capital LP Hedge fund	+569K +17.7%	3.8M	$97.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Impactive Capital LP Hedge fund	−2.5M −32.1%	5.3M	$138M
Dme Capital Management, LP Hedge fund	−2.1M Sold out	0	—
Citadel Advisors LLC Hedge fund	−1.6M −48.0%	1.7M	$44.3M
Blackrock, Inc. Index funds	−1.3M −7.0%	17.6M	$456M
Vanguard Portfolio Management LLC Index funds	−1.2M −11.1%	9.6M	$250M
Abn Amro Bank N.V.	−1.1M Sold out	0	—
FMR LLC Active manager	−864K −4.8%	17.1M	$442M
Trexquant Investment LP Hedge fund	−800K −71.9%	313K	$8.1M
Tudor Investment Corp Et Al Hedge fund	−680K −77.1%	202K	$5.2M
Capital Research Global Investors Active manager	−632K −11.9%	4.7M	$121M
Massachusetts Financial Services Co Active manager	−441K −6.7%	6.2M	$161M
Abn Amro Investment Solutions	−428K Sold out	0	—
Jane Street Group, LLC	−423K Sold out	0	—
Point72 Asset Management, L.P. Hedge fund	−416K −72.3%	159K	$4.1M
Geode Capital Management, LLC Index funds	−415K −10.1%	3.7M	$95.5M
Millennium Management LLC Hedge fund	−411K −77.2%	121K	$3.1M
Vanguard Capital Management LLC Index funds	−365K −4.3%	8.2M	$213M
Polaris Capital Management, LLC	−351K −24.6%	1.1M	$28M
Barclays PLC	−324K −91.0%	32K	$828,368
Two Sigma Investments, LP Hedge fund	−300K −20.3%	1.2M	$30.5M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Impactive Capital LP Hedge fund	−2.5M −32.1%	5.3M	$138M
Dme Capital Management, LP Hedge fund	−2.1M Sold out	0	—
Citadel Advisors LLC Hedge fund	−1.6M −48.0%	1.7M	$44.3M
FMR LLC Active manager	−864K −4.8%	17.1M	$442M
Trexquant Investment LP Hedge fund	−800K −71.9%	313K	$8.1M
Tudor Investment Corp Et Al Hedge fund	−680K −77.1%	202K	$5.2M
Capital Research Global Investors Active manager	−632K −11.9%	4.7M	$121M
Massachusetts Financial Services Co Active manager	−441K −6.7%	6.2M	$161M
Point72 Asset Management, L.P. Hedge fund	−416K −72.3%	159K	$4.1M
Millennium Management LLC Hedge fund	−411K −77.2%	121K	$3.1M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Arrowstreet Capital, Limited PartnershipHedge fund	1.2M	$30.9M
Natixis	473K	$12.3M
PDT Partners, LLCHedge fund	203K	$5.3M
Balyasny Asset Management L.P.Hedge fund	188K	$4.9M
Toronto Dominion Bank	183K	$4.7M
HRT Financial LP	181K	$4.7M
Kestrel Investment Management Corp	83K	$2.2M
Susquehanna International Group, LLP	78K	$2M
Quantbot Technologies LPHedge fund	69K	$1.8M
Y-Intercept (Hong Kong) Ltd	64K	$1.7M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Dme Capital Management, LPHedge fund	2.1M	$45M
Abn Amro Bank N.V.	1.1M	$23.4M
Abn Amro Investment Solutions	428K	$9.2M
Jane Street Group, LLC	423K	$9.1M
Jump Financial, LLC	259K	$5.5M
Qube Research & Technologies LtdHedge fund	218K	$4.7M
Campbell & Co Investment Adviser LLC	168K	$3.6M
Axq Capital, LP	149K	$3.2M
Winton Group LtdHedge fund	148K	$3.2M
Aster Capital Management (Difc) Ltd	98K	$2.9M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 384
Ten largest holders: 51.1%
Index fund managers: 24.5%
Active managers and hedge funds: 42.6%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	28	32	6	9	+3.7M	+4.3%
Index fund managers	3	7	0	0	−3.3M	−6.0%
Other institutions	151	142	54	35	+3.2M	+5.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on SLM.

Only managers that filed a holdings report for both quarters are compared (419 here). 17 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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