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Delta Air Lines

1,223 hedge funds and large institutions have $30.2B invested in Delta Air Lines in 2025 Q3 according to their latest regulatory filings, with 168 funds opening new positions, 463 increasing their positions, 387 reducing their positions, and 110 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 110

20% more repeat investments, than reductions

Existing positions increased: 463 | Existing positions reduced: 387

16% more capital invested

Capital invested by funds: $26B → $30.2B (+$4.26B)

16% more call options, than puts

Call options by funds: $2.35B | Put options by funds: $2.02B

3% more funds holding

Funds holding: 1,1821,223 (+41)

0.7% more ownership

Funds ownership: 80.79%81.49% (+0.7%)

8% less funds holding in top 10

Funds holding in top 10: 1312 (-1)

Holders
1,223
Holders Change
+41
Holders Change %
+3.47%
% of All Funds
16.05%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.16%
New
168
Increased
463
Reduced
387
Closed
110
Calls
$2.35B
Puts
$2.02B
Net Calls
+$330M
Net Calls Change
+$367M
Name Holding Trade Value Shares
Change
Change in
Stake
DLA
51
Douglas Lane & Associates
New York
$101M -$10.6M -186,061 -9%
SPC
52
Slate Path Capital
New York
$98.4M -$1.61M -28,250 -2%
GLA
53
Great Lakes Advisors
Illinois
$98.3M +$5.72M +100,151 +6%
UBS AM
54
UBS AM
Illinois
$93.8M -$11.7M -205,396 -11%
Adage Capital Partners
55
Adage Capital Partners
Massachusetts
$93.5M +$58.2M +1,019,218 +162%
AllianceBernstein
56
AllianceBernstein
Tennessee
$88.2M +$1.17M +20,463 +1%
Barclays
57
Barclays
United Kingdom
$83.9M +$6.81M +119,374 +9%
Qube Research & Technologies (QRT)
58
Qube Research & Technologies (QRT)
United Kingdom
$80.5M -$41.2M -721,618 -34%
IP
59
Interval Partners
New York
$79.9M +$10.6M +186,195 +15%
Legal & General Group
60
Legal & General Group
United Kingdom
$78.3M +$1.73M +30,237 +2%
PAM
61
Panagora Asset Management
Massachusetts
$78.1M +$27.7M +485,208 +54%
USGIU
62
U.S. Global Investors (USGI)
Texas
$77.2M -$23.1M -405,134 -23%
California Public Employees Retirement System
63
California Public Employees Retirement System
California
$72.7M +$2.15M +37,652 +3%
Marshall Wace
64
Marshall Wace
United Kingdom
$71.7M +$71.6M +1,255,495 +16,045%
Point72 Asset Management
65
Point72 Asset Management
Connecticut
$68.1M -$35.2M -615,993 -34%
Citigroup
66
Citigroup
New York
$66M +$29.5M +517,333 +80%
Deutsche Bank
67
Deutsche Bank
Germany
$65.3M +$8.22K +144 +0%
Amundi
68
Amundi
France
$64.7M -$31.9M -558,557 -33%
Janus Henderson Group
69
Janus Henderson Group
United Kingdom
$63.9M -$8.37M -146,698 -12%
RhumbLine Advisers
70
RhumbLine Advisers
Massachusetts
$63.2M -$1.25M -21,841 -2%
BNP Paribas Financial Markets
71
BNP Paribas Financial Markets
France
$63.1M -$44M -771,798 -41%
MCM
72
Masters Capital Management
Georgia
$56.8M
CI
73
Cambiar Investors
Colorado
$54.4M -$24.4M -427,778 -31%
T. Rowe Price Associates
74
T. Rowe Price Associates
Maryland
$53.9M +$14.6K +255 +0%
CVA
75
Ceredex Value Advisors
Florida
$51.7M +$20.7M +362,329 +66%

DAL Hedge Fund Activity: Q3 2025 in Review

1,223 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q3 2025, worth a combined $30.2B — up 16% from $26B a quarter earlier.

Buyers outnumbered sellers: 168 funds opened new DAL positions and 110 closed out — a net gain of 58 holders — while 463 added to existing stakes and 387 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $548M. The largest seller was Pacer Advisors, cutting an estimated $225M.

  • 1,223 institutional investors held Delta Air Lines (DAL) as of Q3 2025, up from 1,182 in Q2 2025.
  • Funds reported $30.2B of Delta Air Lines stock for Q3 2025, up 16% quarter-over-quarter.
  • 168 funds opened new Delta Air Lines positions in Q3 2025 and 110 closed out, a net change of +58 holders.
  • The largest Delta Air Lines buyer in Q3 2025 was Fidelity Investments, an estimated $548M added.
  • The largest Delta Air Lines seller in Q3 2025 was Pacer Advisors, an estimated $225M sold.

Based on aggregated 13F filings for Q3 2025.