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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.

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: 1,182 → 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)

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

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$548M
2
Jane Street
Jane Street
New York
+$200M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$117M
4
Millennium Management
Millennium Management
New York
+$89.2M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$82.6M

Top Sellers

1
Pacer Advisors
Pacer Advisors
Pennsylvania
-$225M
2
Primecap Management
Primecap Management
California
-$108M
3
SAM
Silvercrest Asset Management
New York
-$99.8M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$99.7M
5
Capital International Investors
Capital International Investors
California
-$99.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BOH
1276
Bank of Hawaii
Hawaii
– -$291K -5,913 Closed
MWP
1277
Madison Wealth Partners
Wisconsin
– -$273K -5,549 Closed
FIM
1278
Freedom Investment Management
Connecticut
– -$272K -5,521 Closed
MPM
1279
MBB Public Markets
Illinois
– -$268K -5,443 Closed
LFAS
1280
Level Four Advisory Services
Texas
– -$259K -5,264 Closed
PAG
1281
Private Advisory Group
Washington
– -$257K -5,226 Closed
SC
1282
Soundwatch Capital
Connecticut
– -$3.18M -5,173 Closed
PSFG
1283
Park Square Financial Group
Georgia
– -$253K -5,145 Closed
GSIAS
1284
Garden State Investment Advisory Services
New Jersey
– -$242K -4,918 Closed
TCWM
1285
Total Clarity Wealth Management
Illinois
– -$241K -4,891 Closed
ICP
1286
Impact Capital Partners
Colorado
– -$238K -4,839 Closed
PWM
1287
Palumbo Wealth Management
New York
– -$236K -4,791 Closed
HKAM
1288
Horizon Kinetics Asset Management
New York
– -$226K -4,600 Closed
CWA
1289
Crux Wealth Advisors
California
– -$225K -4,577 Closed
VI
1290
Versor Investments
New York
– -$211K -4,300 Closed
GI
1291
Gradient Investments
Minnesota
– -$207K -4,199 Closed
OW
1292
Olistico Wealth
Oklahoma
– -$78K -1,585 Closed
BCMLT
1293
Beacon Capital Management LLC (Tennessee)
Tennessee
– -$73.8K -1,501 Closed
RBI
1294
Raiffeisen Bank International
Austria
– -$79.3K -1,390 Closed
IRC
1295
Investors Research Corp
Georgia
– -$49.2K -1,000 Closed
YDMI
1296
Y.D. More Investments
Israel
– -$49.2K -1,000 Closed
HC
1297
Hara Capital
Washington
– -$39.3K -800 Closed
KWM
1298
Kiker Wealth Management
Georgia
– -$32.4K -659 Closed
NC
1299
NewSquare Capital
Pennsylvania
– -$28.1K -572 Closed
TPWA
1300
Twin Peaks Wealth Advisors
California
– -$26.6K -455 Closed
50 51
52
53 54

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.