Delta Air Lines
834 hedge funds and large institutions have $32.4B invested in Delta Air Lines in 2016 Q1 according to their latest regulatory filings, with 84 funds opening new positions, 359 increasing their positions, 309 reducing their positions, and 103 closing their positions.
142% more call options, than puts
Call options by funds: $1.06B | Put options by funds: $439M
16% more repeat investments, than reductions
Existing positions increased: 359 | Existing positions reduced: 309
0.33% more ownership
Funds ownership: 85.22% → 85.55% (+0.33%)
5% less capital invested
Capital invested by funds: $34B → $32.4B (-$1.59B)
3% less funds holding
Funds holding: 864 → 834 (-30)
18% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 103
25% less funds holding in top 10
Funds holding in top 10: 73 → 55 (-18)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Evercore Trust Company
New York
|
+$367M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
+$166M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$142M |
| 4 |
IC
Institutional Capital
Chicago,
Illinois
|
+$105M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$98.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$311M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$180M |
| 3 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$172M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$163M |
| 5 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$117M |
DAL Hedge Fund Activity: Q1 2016 in Review
834 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q1 2016, worth a combined $32.4B — down 4.7% from $34B a quarter earlier.
Sellers outnumbered buyers: 103 funds closed out of DAL and 84 opened new positions — a net loss of 19 holders — while 309 trimmed existing stakes and 359 added.
The largest buyer was Evercore Trust Company, opening a new position worth an estimated $367M. The largest seller was Capital World Investors, cutting an estimated $311M.
- 834 institutional investors held Delta Air Lines (DAL) as of Q1 2016, down from 864 in Q4 2015.
- Funds reported $32.4B of Delta Air Lines stock for Q1 2016, down 4.7% quarter-over-quarter.
- 84 funds opened new Delta Air Lines positions in Q1 2016 and 103 closed out, a net change of -19 holders.
- The largest Delta Air Lines buyer in Q1 2016 was Evercore Trust Company, an estimated $367M added.
- The largest Delta Air Lines seller in Q1 2016 was Capital World Investors, an estimated $311M sold.
Based on aggregated 13F filings for Q1 2016.