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

Pennant 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
2016 Q2	–	Sell	-1,664,150	Closed	-$81M	–	42
2016 Q1	$81M	Buy	1,664,150 +20,000	+1%	+$934K	2.31%	24
2015 Q4	$83.3M	Buy	1,644,150 +273,100	+20%	+$13.5M	2.12%	27
2015 Q3	$61.5M	Buy	+1,371,050	New	+$61.6M	1.3%	29
2015 Q2	–	Sell	-831,000	Closed	-$37.4M	–	40
2015 Q1	$37.4M	Buy	831,000 +316,000	+61%	+$14.7M	0.7%	35
2014 Q4	$25.3M	Buy	+515,000	New	+$21.7M	0.48%	33

Other funds holding DAL

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

LPU

Lansdowne Partners (UK) London, United Kingdom $1.87B AUM 61.55% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

PCM

PAR Capital Management Boston, Massachusetts $3.45B AUM 28.5% 1-Year Est. Return

Pennant Capital Management's DAL Position: Q2 2016 in Review

Pennant Capital Management sold out of Delta Air Lines (DAL) in Q2 2016, closing a stake of 1,664,150 shares — an estimated $81M sold.

Pennant Capital Management first reported a position in DAL in Q4 2014 and held it in 5 quarters. The position peaked at $83.3M in Q4 2015. 804 funds tracked by Wall St. Rank hold DAL as of Q2 2016.

Pennant Capital Management reported no remaining Delta Air Lines position as of Q2 2016 after selling out during the quarter.
Pennant Capital Management sold 1,664,150 Delta Air Lines shares in Q2 2016, an estimated $81M.
Pennant Capital Management first reported a position in Delta Air Lines in Q4 2014 and held it in 5 quarters.
Pennant Capital Management's Delta Air Lines position peaked at $83.3M in Q4 2015.
804 funds tracked by Wall St. Rank held Delta Air Lines as of Q2 2016.

Based on Pennant Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.