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Delta Air Lines

1,182 hedge funds and large institutions have $26B invested in Delta Air Lines in 2025 Q2 according to their latest regulatory filings, with 188 funds opening new positions, 444 increasing their positions, 388 reducing their positions, and 118 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more first-time investments, than exits

New positions opened: 188 | Existing positions closed: 118

30% more funds holding in top 10

Funds holding in top 10: 1013 (+3)

14% more repeat investments, than reductions

Existing positions increased: 444 | Existing positions reduced: 388

12% more capital invested

Capital invested by funds: $23.3B → $26B (+$2.69B)

5% more funds holding

Funds holding: 1,1261,182 (+56)

2% less call options, than puts

Call options by funds: $1.51B | Put options by funds: $1.55B

1.89% less ownership

Funds ownership: 82.68%80.79% (-1.9%)

Holders
1,182
Holders Change
+56
Holders Change %
+4.97%
% of All Funds
15.56%
Holding in Top 10
13
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+30%
% of All Funds
0.17%
New
188
Increased
444
Reduced
388
Closed
118
Calls
$1.51B
Puts
$1.55B
Net Calls
-$36.9M
Net Calls Change
-$579M
Name Holding Trade Value Shares
Change
Change in
Stake
ZDA
151
Zweig-DiMenna Associates
New York
$12.1M -$1.61M -35,000 -12%
Canada Life
152
Canada Life
Manitoba, Canada
$12M -$110K -2,385 -1%
State of Tennessee, Department of Treasury
153
State of Tennessee, Department of Treasury
Tennessee
$11.5M +$399K +8,687 +4%
Mariner
154
Mariner
Kansas
$11.4M +$4.4M +95,804 +71%
AC
155
Arrow Capital
Australia
$11.3M +$6.93M +150,852 New
California State Teachers Retirement System (CalSTRS)
156
California State Teachers Retirement System (CalSTRS)
California
$11.2M +$96.1K +2,092 +0.9%
GT
157
Glenview Trust
Kentucky
$11.1M +$10.1M +220,943 +4,382%
AS
158
Aware Super
Australia
$11M
Creative Planning
159
Creative Planning
Kansas
$11M +$1.39M +30,371 +16%
Janney Montgomery Scott
160
Janney Montgomery Scott
Pennsylvania
$10.9M +$2.74M +59,761 +37%
ECM
161
Evergreen Capital Management
Washington
$10.8M -$234K -5,099 -2%
CWM
162
Congress Wealth Management
Massachusetts
$10.5M +$4.81M +104,769 +96%
Osaic Holdings
163
Osaic Holdings
Arizona
$10.5M +$2.72M +59,313 +39%
IMC Chicago
164
IMC Chicago
Illinois
$10.3M +$8.86M +192,906 +1,110%
DIA
165
Dana Investment Advisors
Wisconsin
$10.3M -$1.05M -22,828 -10%
SDIC
166
South Dakota Investment Council
South Dakota
$9.7M +$2.04M +44,373 +29%
CCM
167
Clearfield Capital Management
New York
$9.69M +$9.05M +197,128 New
Mercer Global Advisors
168
Mercer Global Advisors
Colorado
$9.69M +$961K +20,934 +12%
A
169
AustralianSuper
Australia
$9.45M +$6.25M +136,065 +243%
Aberdeen Group
170
Aberdeen Group
United Kingdom
$9.36M +$259K +5,636 +3%
Simplex Trading
171
Simplex Trading
Illinois
$9.35M +$8.72M +190,017 New
Wealth Enhancement Advisory Services
172
Wealth Enhancement Advisory Services
Minnesota
$9.3M +$3.34M +72,813 +66%
Toronto Dominion Bank
173
Toronto Dominion Bank
Ontario, Canada
$9.27M -$192K -4,188 -2%
IIM
174
INTECH Investment Management
Florida
$9.25M -$7.45M -162,322 -46%
SOMRS
175
State of Michigan Retirement System
Michigan
$9.22M +$216K +4,700 +3%

DAL Hedge Fund Activity: Q2 2025 in Review

1,182 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q2 2025, worth a combined $26B — up 12% from $23.3B a quarter earlier.

Buyers outnumbered sellers: 188 funds opened new DAL positions and 118 closed out — a net gain of 70 holders — while 444 added to existing stakes and 388 trimmed.

The largest buyer was Capital International Investors, adding an estimated $355M. The largest seller was Capital World Investors, cutting an estimated $423M.

  • 1,182 institutional investors held Delta Air Lines (DAL) as of Q2 2025, up from 1,126 in Q1 2025.
  • Funds reported $26B of Delta Air Lines stock for Q2 2025, up 12% quarter-over-quarter.
  • 188 funds opened new Delta Air Lines positions in Q2 2025 and 118 closed out, a net change of +70 holders.
  • The largest Delta Air Lines buyer in Q2 2025 was Capital International Investors, an estimated $355M added.
  • The largest Delta Air Lines seller in Q2 2025 was Capital World Investors, an estimated $423M sold.

Based on aggregated 13F filings for Q2 2025.