Delta Air Lines
972 hedge funds and large institutions have $13.8B invested in Delta Air Lines in 2020 Q1 according to their latest regulatory filings, with 182 funds opening new positions, 347 increasing their positions, 364 reducing their positions, and 330 closing their positions.
5% less repeat investments, than reductions
Existing positions increased: 347 | Existing positions reduced: 364
9.36% less ownership
Funds ownership: 85.23% → 75.87% (-9.4%)
14% less funds holding
Funds holding: 1,135 → 972 (-163)
41% less call options, than puts
Call options by funds: $578M | Put options by funds: $976M
45% less first-time investments, than exits
New positions opened: 182 | Existing positions closed: 330
57% less capital invested
Capital invested by funds: $32.2B → $13.8B (-$18.4B)
64% less funds holding in top 10
Funds holding in top 10: 45 → 16 (-29)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$400M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$138M |
| 3 |
Morgan Stanley
New York
|
+$98.1M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$82.9M |
| 5 |
N
Natixis
Paris,
France
|
+$57.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$206M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$194M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$171M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$164M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$154M |
DAL Hedge Fund Activity: Q1 2020 in Review
972 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q1 2020, worth a combined $13.8B — down 57% from $32.2B a quarter earlier.
Sellers outnumbered buyers: 330 funds closed out of DAL and 182 opened new positions — a net loss of 148 holders — while 364 trimmed existing stakes and 347 added.
The largest buyer was Gallagher Fiduciary Advisors, opening a new position worth an estimated $400M. The largest seller was Goldman Sachs, cutting an estimated $206M.
- 972 institutional investors held Delta Air Lines (DAL) as of Q1 2020, down from 1,135 in Q4 2019.
- Funds reported $13.8B of Delta Air Lines stock for Q1 2020, down 57% quarter-over-quarter.
- 182 funds opened new Delta Air Lines positions in Q1 2020 and 330 closed out, a net change of -148 holders.
- The largest Delta Air Lines buyer in Q1 2020 was Gallagher Fiduciary Advisors, an estimated $400M added.
- The largest Delta Air Lines seller in Q1 2020 was Goldman Sachs, an estimated $206M sold.
Based on aggregated 13F filings for Q1 2020.