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Delta Air Lines

1,330 hedge funds and large institutions have $38.6B invested in Delta Air Lines in 2026 Q1 according to their latest regulatory filings, with 172 funds opening new positions, 567 increasing their positions, 384 reducing their positions, and 142 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 567 | Existing positions reduced: 384

42% more call options, than puts

Call options by funds: $2.55B | Put options by funds: $1.8B

21% more first-time investments, than exits

New positions opened: 172 | Existing positions closed: 142

3.62% more ownership

Funds ownership: 85.26%88.88% (+3.6%)

0% more funds holding

Funds holding: 1,3261,330 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1515 (0)

0% less capital invested

Capital invested by funds: $38.6B → $38.6B (-$2.66M)

Holders
1,330
Holders Change
+4
Holders Change %
+0.3%
% of All Funds
16.36%
Holding in Top 10
15
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.18%
New
172
Increased
567
Reduced
384
Closed
142
Calls
$2.55B
Puts
$1.8B
Net Calls
+$757M
Net Calls Change
+$794M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
101
Patient Capital Management
Maryland
$36.7M -$8.61M -127,891 -19%
CA
102
CSM Advisors
Pennsylvania
$36.3M -$5.64M -83,779 -13%
HP
103
Hosking Partners
United Kingdom
$36.2M +$1.01M +15,052 +3%
Cerity Partners
104
Cerity Partners
New York
$36.2M +$7.96M +118,195 +28%
State Board of Administration of Florida Retirement System
105
State Board of Administration of Florida Retirement System
Florida
$36.1M -$47.7K -709 -0.1%
TD Asset Management
106
TD Asset Management
Ontario, Canada
$34.6M -$6.98M -103,628 -17%
Prudential Financial
107
Prudential Financial
New Jersey
$34.5M +$5.38M +79,879 +18%
Janney Montgomery Scott
108
Janney Montgomery Scott
Pennsylvania
$32.2M +$24.3M +361,352 +294%
Swiss National Bank
109
Swiss National Bank
Switzerland
$31.9M +$2.14M +31,800 +7%
Mariner
110
Mariner
Kansas
$31.6M +$10.7M +158,879 +50%
Millennium Management
111
Millennium Management
New York
$30.3M -$3M -44,594 -9%
Treasurer of the State of North Carolina
112
Treasurer of the State of North Carolina
North Carolina
$29.7M +$1.5M +22,226 +5%
Creative Planning
113
Creative Planning
Kansas
$29.6M +$9.54M +141,674 +47%
Grantham, Mayo, Van Otterloo & Co (GMO)
114
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$28.8M +$14.6M +217,501 +101%
Sumitomo Mitsui Trust Group
115
Sumitomo Mitsui Trust Group
Japan
$27.9M -$1.95M -28,938 -6%
WP
116
Waycross Partners
Kentucky
$27.8M +$871K +12,938 +3%
Universal-Beteiligungs- und Servicegesellschaft
117
Universal-Beteiligungs- und Servicegesellschaft
Germany
$27.3M +$769K +11,415 +3%
Ohio Public Employees Retirement System (OPERS)
118
Ohio Public Employees Retirement System (OPERS)
Ohio
$26.4M -$3.6M -53,416 -12%
Osaic Holdings
119
Osaic Holdings
Arizona
$25.9M +$6.22M +92,436 +31%
Jane Street
120
Jane Street
New York
$25.7M -$112M -1,656,502 -81%
Calamos Advisors
121
Calamos Advisors
Illinois
$25.3M +$767K +11,395 +3%
JLBC
122
J.L. Bainbridge & Co
Florida
$25M -$8.21M -121,996 -24%
VWM
123
Valley Wealth Managers
New Jersey
$24.6M +$1.95K +29 +0%
Caisse de Depot et Placement du Quebec (CDPQ)
124
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$23.9M -$24M -355,934 -50%
Alyeska Investment Group
125
Alyeska Investment Group
Illinois
$23.6M +$23.9M +354,336 New

DAL Hedge Fund Activity: Q1 2026 in Review

1,330 of the 8,130 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q1 2026, worth a combined $38.6B — down 0.01% from $38.6B a quarter earlier.

Buyers outnumbered sellers: 172 funds opened new DAL positions and 142 closed out — a net gain of 30 holders — while 567 added to existing stakes and 384 trimmed.

The largest buyer was Berkshire Hathaway, opening a new position worth an estimated $2.68B. The largest seller was Wellington Management Group, cutting an estimated $648M.

  • 1,330 institutional investors held Delta Air Lines (DAL) as of Q1 2026, up from 1,326 in Q4 2025.
  • Funds reported $38.6B of Delta Air Lines stock for Q1 2026, down 0.01% quarter-over-quarter.
  • 172 funds opened new Delta Air Lines positions in Q1 2026 and 142 closed out, a net change of +30 holders.
  • The largest Delta Air Lines buyer in Q1 2026 was Berkshire Hathaway, an estimated $2.68B added.
  • The largest Delta Air Lines seller in Q1 2026 was Wellington Management Group, an estimated $648M sold.

Based on aggregated 13F filings for Q1 2026.