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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
Commonwealth Equity Services
126
Commonwealth Equity Services
Massachusetts
$19.6M -$952K -16,685 -5%
Chevy Chase Trust
127
Chevy Chase Trust
Maryland
$19.4M -$791K -13,865 -4%
Tudor Investment Corp
128
Tudor Investment Corp
Connecticut
$18.6M +$18.7M +327,841 New
AAP
129
Arax Advisory Partners
Colorado
$18.6M +$18.6M +325,430 +13,543%
PCH
130
Polar Capital Holdings
United Kingdom
$18.4M +$18.5M +324,042 New
State of Tennessee, Department of Treasury
131
State of Tennessee, Department of Treasury
Tennessee
$17.7M +$4.46M +78,178 +34%
GIM
132
Glenmede Investment Management
Pennsylvania
$17.5M -$351K -6,150 -2%
VRS
133
Virginia Retirement Systems
Virginia
$17.5M
Group One Trading
134
Group One Trading
Illinois
$17.4M +$8.66M +151,796 +98%
CCM
135
Clearfield Capital Management
New York
$16.8M +$5.67M +99,372 +50%
RRAM
136
River Road Asset Management
Kentucky
$16.6M -$413K -7,244 -2%
CCM
137
Cinctive Capital Management
New York
$16.6M +$2.12M +37,071 +15%
HighTower Advisors
138
HighTower Advisors
Illinois
$16.5M +$1.79M +31,419 +12%
Grantham, Mayo, Van Otterloo & Co (GMO)
139
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$16.5M -$6.74M -118,134 -29%
Nomura Holdings
140
Nomura Holdings
Japan
$16.4M +$8M +140,171 +94%
Natixis Advisors
141
Natixis Advisors
Massachusetts
$16.1M +$479K +8,401 +3%
Stifel Financial
142
Stifel Financial
Missouri
$15.5M -$5.32M -93,233 -26%
ZDA
143
Zweig-DiMenna Associates
New York
$15.3M +$1.28M +22,500 +9%
BBVA
144
Banco Bilbao Vizcaya Argentaria
Spain
$14.9M -$13.2M -230,902 -47%
GIM
145
Generate Investment Management
New Zealand
$14.8M -$17.1M -300,467 -54%
CIA
146
CCM Investment Advisers
South Carolina
$14.6M -$250K -4,388 -2%
Creative Planning
147
Creative Planning
Kansas
$14.3M +$1.63M +28,478 +13%
Cetera Investment Advisers
148
Cetera Investment Advisers
Illinois
$14M +$3.6M +63,079 +34%
Walleye Trading
149
Walleye Trading
New York
$14M +$7.14M +125,086 +103%
Canada Life
150
Canada Life
Manitoba, Canada
$14M -$74.6K -1,308 -0.5%

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.