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Delta Air Lines

638 hedge funds and large institutions have $25.5B invested in Delta Air Lines in 2014 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 231 increasing their positions, 236 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 61

77% more call options, than puts

Call options by funds: $555M | Put options by funds: $313M

27% more funds holding in top 10

Funds holding in top 10: 4456 (+12)

26% more capital invested

Capital invested by funds: $20.3B → $25.5B (+$5.19B)

8% more funds holding

Funds holding: 593638 (+45)

0.74% less ownership

Funds ownership: 86.57%85.83% (-0.74%)

2% less repeat investments, than reductions

Existing positions increased: 231 | Existing positions reduced: 236

Holders
638
Holders Change
+45
Holders Change %
+7.59%
% of All Funds
18.43%
Holding in Top 10
56
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+27.27%
% of All Funds
1.62%
New
112
Increased
231
Reduced
236
Closed
61
Calls
$555M
Puts
$313M
Net Calls
+$242M
Net Calls Change
+$88.2M
Name Holding Trade Value Shares
Change
Change in
Stake
IAM
26
Iridian Asset Management
Connecticut
$229M +$9.43M +293,137 +5%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$221M +$1.64M +50,909 +0.8%
IAM
28
Impala Asset Management
Florida
$219M +$21M +651,848 +12%
JHIU
29
Janus Henderson Investors US
Colorado
$212M -$35.2M -1,095,650 -15%
AM
30
Appaloosa Management
Florida
$207M +$10.7M +334,000 +6%
PCM
31
PAR Capital Management
Massachusetts
$189M +$1.29M +40,000 +0.7%
ECU
32
Egerton Capital (UK)
United Kingdom
$185M -$13.4M -415,800 -7%
Morgan Stanley
33
Morgan Stanley
New York
$183M +$14.3M +445,343 +9%
TA
34
Teachers Advisors
New York
$159M +$12.6M +392,678 +9%
Bank of America
35
Bank of America
North Carolina
$158M +$68.6M +2,132,292 +88%
Thrivent Financial for Lutherans
36
Thrivent Financial for Lutherans
Minnesota
$150M +$139M +4,312,370 +21,670%
SC
37
Sculptor Capital
New York
$148M +$67.8M +2,108,635 +97%
Goldman Sachs
38
Goldman Sachs
New York
$148M -$88.6M -2,753,806 -39%
SIG
39
Senator Investment Group
New York
$139M -$48.2M -1,500,000 -27%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$131M +$5.44M +169,258 +5%
BA
41
BlackRock Advisors
Delaware
$126M +$62.4M +1,939,533 +114%
SM
42
Seminole Management
New York
$125M +$12.4M +386,203 +12%
CCP
43
Cyrus Capital Partners
New York
$122M -$18.4M -572,931 -14%
EVM
44
Eaton Vance Management
Massachusetts
$121M -$8.1M -251,837 -7%
MAA
45
Managed Account Advisors
New Jersey
$121M +$57.9M +1,801,676 +107%
SIM
46
Stelliam Investment Management
New York
$119M -$5.87M -182,500 -5%
BIM
47
BlackRock Investment Management
Delaware
$117M +$43.7M +1,358,839 +67%
BG
48
BlackRock Group
United Kingdom
$112M +$28.2M +876,838 +37%
California Public Employees Retirement System
49
California Public Employees Retirement System
California
$112M -$453K -14,088 -0.4%
O
50
OppenheimerFunds
New York
$111M -$6.88M -214,040 -6%

DAL Hedge Fund Activity: Q1 2014 in Review

638 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q1 2014, worth a combined $25.5B — up 26% from $20.3B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new DAL positions and 61 closed out — a net gain of 51 holders — while 231 added to existing stakes and 236 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $228M. The largest seller was Vanguard Group, cutting an estimated $299M.

  • 638 institutional investors held Delta Air Lines (DAL) as of Q1 2014, up from 593 in Q4 2013.
  • Funds reported $25.5B of Delta Air Lines stock for Q1 2014, up 26% quarter-over-quarter.
  • 112 funds opened new Delta Air Lines positions in Q1 2014 and 61 closed out, a net change of +51 holders.
  • The largest Delta Air Lines buyer in Q1 2014 was JP Morgan Chase, an estimated $228M added.
  • The largest Delta Air Lines seller in Q1 2014 was Vanguard Group, an estimated $299M sold.

Based on aggregated 13F filings for Q1 2014.