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Personal credit institutions (SIC 614)

Major group 61: Non-depository credit institutions

Companies whose SIC industry code starts with 614. Companies with no code (SIC 0) and shell companies (SIC 9995) are left out.

As of2020 Q4
Data cover 2000 Q4 – 2020 Q4, quarterly.
Only 4 companies in the S&P 500 this quarter: the averages below rest on few pairs.

The tiles, heatmap and tables below use the industry’s S&P 500 companies.

Companies in 2020 Q4 4
Average profit weight between them 0.56

Average profit weight in the industry over time

The mean profit weight over every ordered pair of the industry’s companies, each quarter: S&P 500 companies (solid) and all companies (faded). Click a quarter to show it.

    Computed from the current data release, using every firm in the sample. Published papers used earlier releases and samples, so their figures differ slightly.

    Show the numbers

    Profit weights between the 4 largest companies, 2020 Q4

    Each cell is the profit weight of the row company’s shareholders on the column company (darker: higher). Companies are ordered so that tightly linked groups form blocks. Largest means most reported owners. Click a cell to compare the two companies.

    Capital One Financial…Discover Financial Se…Synchrony FinancialAmerican Express CoReport
    Capital One Financial Corp 0.660.680.40
    Discover Financial Services 0.770.950.43
    Synchrony Financial 0.630.750.51
    American Express Co 0.290.270.41

    Investors who drive it, 2020 Q4

    The investors that contribute most to the industry’s average profit weight: roughly, those holding sizeable stakes in many of its companies at once. Owner types follow the forms each investor files with the SEC: 13F, Forms 3/4/5, 13D or 13G, in that order of precedence (an investor that files both 13F and Forms 3/4/5, such as Carl Icahn, counts as a 13F filer). Big Three is Vanguard, BlackRock and State Street.

    • Big Three
    • 13F filers
    • 13G filers
    • 13D filers
    • Forms 3/4/5 filers
    #InvestorTypeCompanies held hereShare of the averageSEC CIKReport
    1 Vanguard Group Inc Big Three 436% 102909
    2 BlackRock Inc. Big Three 421% 1364742
    3 Capital International Inc /Ca/*Capital International Sarl*Capital International LTD /Ca/*Capital Research Global Investors*Capital World Investors*Capital International Investors*Capital Bank & Trust Co 13F filer 411% 732812
    4 FMR Llc*Fil LTD 13F filer 411% 315066
    5 State Street Corp Big Three 48% 93751
    6 National Indemnity Co 13F filer 24% 1067983
    7 Dodge & Cox 13F filer 21% 200217
    8 Geode Capital Management, LLC 13F filer 41% 1214717
    9 JPMorgan Chase & Co 13F filer 40.8% 19617
    10 Northern Trust Corp 13F filer 40.6% 73124
    11 Bank of New York Mellon Corp 13F filer 40.6% 1629943
    12 Norges Bank 13F filer 40.5% 1374170
    13 Nuveen Asset Management, LLC 13F filer 40.4% 1521019
    14 Bank of America Corp /DE/ 13F filer 40.3% 70858
    15 Invesco LTD. 13F filer 40.3% 914208
    16 Royce & Associates LP 13F filer 40.3% 38777
    17 Charles Schwab Investment Management Inc 13F filer 40.3% 884546
    18 Dimensional Fund Advisors LP 13F filer 40.2% 354204
    19 United Capital Financial Advisers, LLC 13F filer 40.2% 886982
    20 UBS Asset Management Americas Inc*Ubs Group AG 13F filer 40.2% 1610520
    21 Morgan Stanley 13F filer 40.2% 895421
    22 Legal & General Group PLC 13F filer 40.2% 764068
    23 Davis Selected Advisers 13F filer 20.2% 1036325
    24 Janus Henderson Group PLC 13F filer 40.1% 1274173
    25 Wellington Management Group LLP 13F filer 30.1% 902219

    The companies, 2020 Q4

    CompanyReported ownersReported ownershipSEC CIKReport
    American Express Co SIC 6141 · S&P 500 162584.93%4962
    Capital One Financial Corp SIC 6141 · S&P 500 90491.99%927628
    Discover Financial Services SIC 6141 · S&P 500 84287.42%1393612
    Synchrony Financial SIC 6141 · S&P 500 65599.57%1601712

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