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 Q1	–	Sell	-1,000,000	Closed	-$69.4M	–	104
2025 Q4	$69.4M	Hold	1,000,000	–	–	9.6%	10
2025 Q3	$56.8M	Buy	+1,000,000	New	+$57.1M	9.12%	11
2025 Q2	–	Sell	-1,900,000	Closed	-$82.8M	–	82
2025 Q1	$82.8M	Buy	1,900,000 +900,000	+90%	+$53.4M	17.55%	5
2024 Q4	$60.5M	Buy	1,000,000 +500,000	+100%	+$29.5M	10.32%	10
2024 Q3	$25.4M	Sell	500,000 -2,500,000	-83%	-$109M	4.88%	21
2024 Q2	$142M	Buy	3,000,000 +2,000,000	+200%	+$99.5M	25.48%	2
2024 Q1	$47.9M	Hold	1,000,000	–	–	9.03%	14
2023 Q4	$40.2M	Buy	+1,000,000	New	+$36.3M	7.07%	11
2023 Q3	–	Sell	-2,000,000	Closed	-$95.1M	–	69
2023 Q2	$95.1M	Hold	2,000,000	–	–	19.27%	8
2023 Q1	$69.8M	Buy	2,000,000 +1,000,000	+100%	+$37.1M	16.69%	8
2022 Q4	$32.9M	Sell	1,000,000 -2,000,000	-67%	-$66.3M	8.11%	16
2022 Q3	$84.2M	Sell	3,000,000 -1,000,000	-25%	-$31.8M	24.93%	4
2022 Q2	$116M	Hold	4,000,000	–	–	24.17%	4
2022 Q1	$158M	Buy	4,000,000 +2,000,000	+100%	+$77.9M	26.8%	3
2021 Q4	$78.2M	Hold	2,000,000	–	–	13.95%	8
2021 Q3	$85.2M	Hold	2,000,000	–	–	14.07%	7
2021 Q2	$86.5M	Buy	2,000,000 +650,000	+48%	+$30.1M	13.95%	6
2021 Q1	$65.2M	Buy	1,350,000 +350,000	+35%	+$15.5M	11.93%	8
2020 Q4	$40.2M	Buy	1,000,000 +500,000	+100%	+$18.2M	11.87%	12
2020 Q3	$15.3M	Hold	500,000	–	–	5.85%	31
2020 Q2	$14M	Buy	+500,000	New	+$12.7M	5.65%	25
2019 Q3	–	Sell	-500,000	Closed	-$28.4M	–	64
2019 Q2	$28.4M	Buy	+500,000	New	+$28M	6.71%	21
2019 Q1	–	Sell	-2,000,000	Closed	-$99.8M	–	66
2018 Q4	$99.8M	Buy	2,000,000 +1,000,000	+100%	+$54.5M	21.74%	5
2018 Q3	$57.8M	Buy	1,000,000 +514,500	+106%	+$28.3M	7.86%	19
2018 Q2	$24.1M	Sell	485,500 -1,514,500	-76%	-$80.8M	3.93%	38
2018 Q1	$110M	Buy	+2,000,000	New	+$110M	22.44%	13
2017 Q4	–	Sell	-1,000,000	Closed	-$48.2M	–	74
2017 Q3	$48.2M	Hold	1,000,000	–	–	8.64%	22
2017 Q2	$53.7M	Hold	1,000,000	–	–	10.32%	25
2017 Q1	$46M	Sell	1,000,000 -896,000	-47%	-$43.7M	7.1%	25
2016 Q4	$93.3M	Sell	1,896,000 -1,104,000	-37%	-$50.3M	13.61%	14
2016 Q3	$118M	Buy	+3,000,000	New	+$114M	22.32%	13
2016 Q2	–	Sell	-700,000	Closed	-$34.1M	–	68
2016 Q1	$34.1M	Buy	+700,000	New	+$32.7M	5.74%	28
2015 Q4	–	Sell	-1,000,000	Closed	-$44.9M	–	68
2015 Q3	$44.9M	Hold	1,000,000	–	–	10.98%	17
2015 Q2	$41.1M	Sell	1,000,000 -500,000	-33%	-$21.9M	9.8%	16
2015 Q1	$67.4M	Buy	1,500,000 +500,000	+50%	+$23.2M	13.77%	13
2014 Q4	$49.2M	Buy	+1,000,000	New	+$42.1M	12.87%	22
2014 Q2	–	Sell	-1,000,000	Closed	-$34.6M	–	57
2014 Q1	$34.6M	Hold	1,000,000	–	–	13.75%	28
2013 Q4	$27.5M	Sell	1,000,000 -50,000	-5%	-$1.34M	11.02%	20
2013 Q3	$24.8M	Sell	1,050,000 -1,075,000	-51%	-$22.4M	15.68%	24
2013 Q2	$39.8M	Buy	+2,125,000	New	+$36.9M	30.04%	7