Delta Air Lines
1,126 hedge funds and large institutions have $23.3B invested in Delta Air Lines in 2025 Q1 according to their latest regulatory filings, with 131 funds opening new positions, 449 increasing their positions, 369 reducing their positions, and 198 closing their positions.
44% more call options, than puts
Call options by funds: $1.79B | Put options by funds: $1.24B
22% more repeat investments, than reductions
Existing positions increased: 449 | Existing positions reduced: 369
0.85% more ownership
Funds ownership: 81.82% → 82.68% (+0.85%)
7% less funds holding
Funds holding: 1,214 → 1,126 (-88)
28% less capital invested
Capital invested by funds: $32.2B → $23.3B (-$8.96B)
34% less first-time investments, than exits
New positions opened: 131 | Existing positions closed: 198
55% less funds holding in top 10
Funds holding in top 10: 22 → 10 (-12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$296M |
| 2 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$269M |
| 3 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$252M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$212M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$195M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$734M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$318M |
| 3 |
CHP
Castle Hook Partners
New York
|
-$241M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$159M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$143M |
DAL Hedge Fund Activity: Q1 2025 in Review
1,126 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q1 2025, worth a combined $23.3B — down 28% from $32.2B a quarter earlier.
Sellers outnumbered buyers: 198 funds closed out of DAL and 131 opened new positions — a net loss of 67 holders — while 369 trimmed existing stakes and 449 added.
The largest buyer was Qube Research & Technologies (QRT), adding an estimated $296M. The largest seller was Wellington Management Group, cutting an estimated $734M.
- 1,126 institutional investors held Delta Air Lines (DAL) as of Q1 2025, down from 1,214 in Q4 2024.
- Funds reported $23.3B of Delta Air Lines stock for Q1 2025, down 28% quarter-over-quarter.
- 131 funds opened new Delta Air Lines positions in Q1 2025 and 198 closed out, a net change of -67 holders.
- The largest Delta Air Lines buyer in Q1 2025 was Qube Research & Technologies (QRT), an estimated $296M added.
- The largest Delta Air Lines seller in Q1 2025 was Wellington Management Group, an estimated $734M sold.
Based on aggregated 13F filings for Q1 2025.