Delta Air Lines
DAL
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.
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: 1,182 → 1,223 (+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: 13 → 12 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$548M |
| 2 |
Jane Street
New York
|
+$200M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$117M |
| 4 |
Millennium Management
New York
|
+$89.2M |
| 5 |
Bank of New York Mellon
New York
|
+$82.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$225M |
| 2 |
Primecap Management
Pasadena,
California
|
-$108M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$99.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$99.7M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$99.4M |
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.