Candlestick Capital Management’s Delta Air Lines DAL Stock Holding History

Candlestick Capital Management’s Portfolio DAL Stock Details DAL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-5,100,800	Closed	-$289M	–	15
2025 Q3	$289M	Buy	5,100,800 +1,379,900	+37%	+$78.7M	7.02%	1
2025 Q2	$183M	Sell	3,720,900 -3,056,800	-45%	-$140M	3.5%	4
2025 Q1	$296M	Buy	6,777,700 +3,277,700	+94%	+$194M	6.11%	1
2024 Q4	$212M	Buy	3,500,000 +1,500,000	+75%	+$88.6M	4.89%	4
2024 Q3	$102M	Buy	2,000,000 +1,250,000	+167%	+$54.5M	2.84%	7
2024 Q2	$35.6M	Sell	750,000 -750,000	-50%	-$37.3M	0.98%	46
2024 Q1	$71.8M	Buy	+1,500,000	New	+$62M	1.49%	22
2023 Q4	–	Sell	-1,000,000	Closed	-$37M	–	82
2023 Q3	$37M	Buy	+1,000,000	New	+$43.4M	1.03%	43
2022 Q3	–	Sell	-500,000	Closed	-$14.5M	–	94
2022 Q2	$14.5M	Buy	+500,000	New	+$19.1M	0.37%	77

Other funds holding DAL

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Sanders Capital West Palm Beach, Florida $99.8B AUM 47.9% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Harris Associates Chicago, Illinois $75.4B AUM 14.46% 1-Year Est. Return

Primecap Management Pasadena, California $169B AUM 114.72% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Candlestick Capital Management's DAL Position: Q4 2025 in Review

Candlestick Capital Management sold out of Delta Air Lines (DAL) in Q4 2025, closing a stake of 2,264,991 shares — an estimated $129M sold.

Candlestick Capital Management first reported a position in DAL in Q1 2021 and held it in 15 quarters. The position peaked at $222M in Q4 2024. 1,329 funds tracked by Wall St. Rank hold DAL as of Q4 2025.

Candlestick Capital Management reported no remaining Delta Air Lines position as of Q4 2025 after selling out during the quarter.
Candlestick Capital Management sold 2,264,991 Delta Air Lines shares in Q4 2025, an estimated $129M.
Candlestick Capital Management first reported a position in Delta Air Lines in Q1 2021 and held it in 15 quarters.
Candlestick Capital Management's Delta Air Lines position peaked at $222M in Q4 2024.
1,329 funds tracked by Wall St. Rank held Delta Air Lines as of Q4 2025.

Based on Candlestick Capital Management's 13F filing for Q4 2025.