Delta Air Lines
804 hedge funds and large institutions have $23.3B invested in Delta Air Lines in 2016 Q2 according to their latest regulatory filings, with 83 funds opening new positions, 332 increasing their positions, 322 reducing their positions, and 104 closing their positions.
56% more call options, than puts
Call options by funds: $1.07B | Put options by funds: $685M
3% more repeat investments, than reductions
Existing positions increased: 332 | Existing positions reduced: 322
3.2% less ownership
Funds ownership: 85.77% → 82.57% (-3.2%)
3% less funds holding
Funds holding: 832 → 804 (-28)
20% less first-time investments, than exits
New positions opened: 83 | Existing positions closed: 104
28% less capital invested
Capital invested by funds: $32.1B → $23.3B (-$8.84B)
31% less funds holding in top 10
Funds holding in top 10: 55 → 38 (-17)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$127M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$106M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$91.8M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$87.5M |
| 5 |
SC
Sculptor Capital
New York
|
+$81.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$418M |
| 2 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$304M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$234M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$121M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$113M |
DAL Hedge Fund Activity: Q2 2016 in Review
804 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q2 2016, worth a combined $23.3B — down 28% from $32.1B a quarter earlier.
Sellers outnumbered buyers: 104 funds closed out of DAL and 83 opened new positions — a net loss of 21 holders — while 322 trimmed existing stakes and 332 added.
The largest buyer was Arrowstreet Capital, adding an estimated $127M. The largest seller was Appaloosa LP, exiting entirely with an estimated $418M sold.
- 804 institutional investors held Delta Air Lines (DAL) as of Q2 2016, down from 832 in Q1 2016.
- Funds reported $23.3B of Delta Air Lines stock for Q2 2016, down 28% quarter-over-quarter.
- 83 funds opened new Delta Air Lines positions in Q2 2016 and 104 closed out, a net change of -21 holders.
- The largest Delta Air Lines buyer in Q2 2016 was Arrowstreet Capital, an estimated $127M added.
- The largest Delta Air Lines seller in Q2 2016 was Appaloosa LP, an estimated $418M sold.
Based on aggregated 13F filings for Q2 2016.