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Delta Air Lines

804 hedge funds and large institutions have $23.3B invested in Delta Air Lines in 2016 Q2 according to their latest regulatory filings, with 83 funds opening new positions, 332 increasing their positions, 322 reducing their positions, and 104 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $1.07B | Put options by funds: $685M

3% more repeat investments, than reductions

Existing positions increased: 332 | Existing positions reduced: 322

3.2% less ownership

Funds ownership: 85.77%82.57% (-3.2%)

3% less funds holding

Funds holding: 832804 (-28)

20% less first-time investments, than exits

New positions opened: 83 | Existing positions closed: 104

28% less capital invested

Capital invested by funds: $32.1B → $23.3B (-$8.84B)

31% less funds holding in top 10

Funds holding in top 10: 5538 (-17)

Holders
804
Holders Change
-28
Holders Change %
-3.37%
% of All Funds
21.45%
Holding in Top 10
38
Holding in Top 10 Change
-17
Holding in Top 10 Change %
-30.91%
% of All Funds
1.01%
New
83
Increased
332
Reduced
322
Closed
104
Calls
$1.07B
Puts
$685M
Net Calls
+$386M
Net Calls Change
-$220M
Name Holding Trade Value Shares
Change
Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$215M -$101M -2,367,924 -29%
Deutsche Bank
27
Deutsche Bank
Germany
$212M +$5.4M +127,014 +2%
Bank of America
28
Bank of America
North Carolina
$204M -$113M -2,650,219 -32%
AQR Capital Management
29
AQR Capital Management
Connecticut
$199M -$79.6M -1,871,222 -26%
VOYA Investment Management
30
VOYA Investment Management
Georgia
$179M +$18.7M +440,088 +10%
APG Asset Management
31
APG Asset Management
Netherlands
$170M +$27.5M +646,500 +16%
GC
32
GMT Capital
Georgia
$156M -$3.96M -93,200 -2%
Adage Capital Partners
33
Adage Capital Partners
Massachusetts
$156M -$121M -2,854,032 -40%
BGIM
34
Brandywine Global Investment Management
Pennsylvania
$148M +$5.04M +118,638 +3%
LSV Asset Management
35
LSV Asset Management
Illinois
$143M +$6.6M +155,150 +4%
Wellington Management Group
36
Wellington Management Group
Massachusetts
$138M +$78.2M +1,839,293 +94%
IC
37
Institutional Capital
Illinois
$135M -$9.99M -234,947 -6%
Thrivent Financial for Lutherans
38
Thrivent Financial for Lutherans
Minnesota
$128M +$11.8M +278,490 +9%
Charles Schwab
39
Charles Schwab
California
$127M -$8.1M -190,511 -5%
Massachusetts Financial Services
40
Massachusetts Financial Services
Massachusetts
$126M +$50.5M +1,187,230 +52%
AIM
41
abrdn Investment Management
United Kingdom
$126M -$65.1M -1,531,137 -31%
BG
42
BlackRock Group
United Kingdom
$123M +$3.5M +82,225 +2%
VFA
43
Virtus Fund Advisers
Connecticut
$117M +$87.5M +2,056,771 +182%
American Century Companies
44
American Century Companies
Missouri
$116M +$33.9M +798,246 +33%
Norges Bank
45
Norges Bank
Norway
$112M -$7.71M -181,267 -6%
PP
46
Prudential plc
United Kingdom
$111M +$41.5M +975,900 +47%
BIM
47
BlackRock Investment Management
Delaware
$110M -$67.3M -1,581,771 -34%
Arrowstreet Capital
48
Arrowstreet Capital
Massachusetts
$110M +$127M +2,997,234 +18,733%
JHIU
49
Janus Henderson Investors US
Colorado
$108M +$58.4M +1,372,630 +87%
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$106M -$8.71M -204,940 -7%

DAL Hedge Fund Activity: Q2 2016 in Review

804 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q2 2016, worth a combined $23.3B — down 28% from $32.1B a quarter earlier.

Sellers outnumbered buyers: 104 funds closed out of DAL and 83 opened new positions — a net loss of 21 holders — while 322 trimmed existing stakes and 332 added.

The largest buyer was Arrowstreet Capital, adding an estimated $127M. The largest seller was Appaloosa LP, exiting entirely with an estimated $418M sold.

  • 804 institutional investors held Delta Air Lines (DAL) as of Q2 2016, down from 832 in Q1 2016.
  • Funds reported $23.3B of Delta Air Lines stock for Q2 2016, down 28% quarter-over-quarter.
  • 83 funds opened new Delta Air Lines positions in Q2 2016 and 104 closed out, a net change of -21 holders.
  • The largest Delta Air Lines buyer in Q2 2016 was Arrowstreet Capital, an estimated $127M added.
  • The largest Delta Air Lines seller in Q2 2016 was Appaloosa LP, an estimated $418M sold.

Based on aggregated 13F filings for Q2 2016.