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

Masters 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
2026 Q2	$93.7M	Hold	1,000,000	–	–	2.4%	12
2026 Q1	$66.5M	Hold	1,000,000	–	–	2.2%	9
2025 Q4	$69.4M	Hold	1,000,000	–	–	2.83%	11
2025 Q3	$56.8M	Hold	1,000,000	–	–	2.06%	12
2025 Q2	$49.2M	Sell	1,000,000 -91,628	-8%	-$4.21M	1.92%	16
2025 Q1	$47.6M	Buy	1,091,628 +91,628	+9%	+$5.43M	2.34%	11
2024 Q4	$60.5M	Hold	1,000,000	–	–	2.23%	11
2024 Q3	$50.8M	Buy	1,000,000 +65,000	+7%	+$2.83M	2.48%	7
2024 Q2	$44.4M	Sell	935,000 -65,000	-7%	-$3.23M	2.5%	8
2024 Q1	$47.9M	Hold	1,000,000	–	–	1.72%	15
2023 Q4	$40.2M	Buy	1,000,000 +100,000	+11%	+$3.63M	1.65%	12
2023 Q3	$33.3M	Sell	900,000 -100,000	-10%	-$4.34M	1.85%	16
2023 Q2	$47.5M	Hold	1,000,000	–	–	1.9%	16
2023 Q1	$34.9M	Hold	1,000,000	–	–	1.77%	21
2022 Q4	$32.9M	Buy	1,000,000 +500,000	+100%	+$16.6M	2.5%	17
2022 Q3	$14M	Sell	500,000 -500,000	-50%	-$15.9M	0.99%	25
2022 Q2	$29M	Buy	+1,000,000	New	+$38.1M	1.35%	21
2021 Q1	–	Sell	-500,000	Closed	-$22.1M	–	65
2020 Q4	$20.1M	Sell	500,000 -300,000	-38%	-$10.9M	1.18%	28
2020 Q3	$24.5M	Sell	800,000 -200,000	-20%	-$5.77M	1.63%	17
2020 Q2	$28.1M	Buy	1,000,000 +500,000	+100%	+$12.7M	3.17%	11
2020 Q1	$14.3M	Buy	500,000 +22,540	+5%	+$1.12M	1.66%	17
2019 Q4	$27.9M	Sell	477,460 -22,540	-5%	-$1.26M	1.59%	13
2019 Q3	$28.8M	Sell	500,000 -200,000	-29%	-$11.8M	1.71%	15
2019 Q2	$39.7M	Sell	700,000 -300,000	-30%	-$16.8M	1.94%	13
2019 Q1	$51.6M	Hold	1,000,000	–	–	2.76%	9
2018 Q4	$49.9M	Hold	1,000,000	–	–	2.71%	11
2018 Q3	$57.8M	Buy	1,000,000 +48,525	+5%	+$2.67M	1.43%	20
2018 Q2	$47.1M	Sell	951,475 -48,525	-5%	-$2.59M	1.33%	19
2018 Q1	$54.8M	Hold	1,000,000	–	–	1.19%	22
2017 Q4	$56M	Hold	1,000,000	–	–	1.34%	25
2017 Q3	$48.2M	Hold	1,000,000	–	–	1.12%	23
2017 Q2	$53.7M	Hold	1,000,000	–	–	1.33%	26
2017 Q1	$46M	Hold	1,000,000	–	–	1.14%	26
2016 Q4	$49.2M	Hold	1,000,000	–	–	1.08%	25
2016 Q3	$39.4M	Sell	1,000,000 -1,000,000	-50%	-$37.8M	0.79%	26
2016 Q2	$72.9M	Buy	2,000,000 +900,000	+82%	+$38.3M	2.14%	15
2016 Q1	$53.5M	Buy	1,100,000 +84,613	+8%	+$3.95M	1.12%	19
2015 Q4	$51.5M	Sell	1,015,387 -12,400	-1%	-$613K	1.35%	18
2015 Q3	$46.1M	Sell	1,027,787 -18,825	-2%	-$845K	1.56%	15
2015 Q2	$43M	Sell	1,046,612 -34,323	-3%	-$1.5M	1.41%	15
2015 Q1	$48.6M	Buy	1,080,935 +55,075	+5%	+$2.55M	1.4%	22
2014 Q4	$50.5M	Buy	1,025,860 +19,470	+2%	+$820K	1.39%	20
2014 Q3	$36.4M	Buy	1,006,390 +6,390	+0.6%	+$244K	1.34%	17
2014 Q2	$38.7M	Sell	1,000,000 -131,678	-12%	-$4.97M	1.78%	17
2014 Q1	$39.2M	Buy	1,131,678 +86,598	+8%	+$2.79M	1.32%	25
2013 Q4	$28.7M	Buy	1,045,080 +22,264	+2%	+$598K	1.2%	19
2013 Q3	$24.1M	Sell	1,022,816 -1,027,184	-50%	-$21.4M	1.3%	25
2013 Q2	$38.4M	Buy	+2,050,000	New	+$35.6M	2.95%	9

Other funds holding DAL

Berkshire Hathaway Omaha, Nebraska $299B AUM 27.55% 1-Year Est. Return

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

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

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

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

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

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

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

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

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

Masters Capital Management's DAL Position: Q2 2026 in Review

Masters Capital Management held its Delta Air Lines (DAL) position steady in Q2 2026 at 1,000,000 shares worth $93.7M. The position accounts for 2.4% of the portfolio, ranked #12.

Masters Capital Management first reported a position in DAL in Q2 2013 and has held it in 48 quarters since. 1,513 funds tracked by Wall St. Rank hold DAL as of Q2 2026.

Masters Capital Management held 1,000,000 shares of Delta Air Lines worth $93.7M as of Q2 2026.
Masters Capital Management left its Delta Air Lines share count unchanged in Q2 2026.
Delta Air Lines made up 2.4% of Masters Capital Management's portfolio in Q2 2026, its #12 holding.
Masters Capital Management first reported a position in Delta Air Lines in Q2 2013 and has held it in 48 quarters since.
1,513 funds tracked by Wall St. Rank held Delta Air Lines as of Q2 2026.

Based on Masters Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.