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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.67B +$75.7M +1,648,071 +2%
BlackRock
2
BlackRock
New York
$2.27B -$28.4M -619,145 -1%
Sanders Capital
3
Sanders Capital
Florida
$1.49B -$14.8M -323,088 -1%
Capital International Investors
4
Capital International Investors
California
$1.23B +$355M +7,741,493 +45%
State Street
5
State Street
Massachusetts
$1.13B +$26.7M +581,421 +3%
Primecap Management
6
Primecap Management
California
$993M -$55.7M -1,213,815 -6%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$822M +$24.2M +527,570 +3%
Harris Associates
8
Harris Associates
Illinois
$691M +$127M +2,756,447 +24%
Morgan Stanley
9
Morgan Stanley
New York
$642M +$23.3M +506,736 +4%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$561M +$24.6M +535,938 +5%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$490M +$124M +2,697,283 +37%
Newport Trust Company
12
Newport Trust Company
District of Columbia
$453M
Capital World Investors
13
Capital World Investors
California
$448M -$423M -9,212,662 -50%
JP Morgan Chase
14
JP Morgan Chase
New York
$334M -$52.4M -1,140,440 -14%
Invesco
15
Invesco
Georgia
$333M -$21.7M -471,775 -7%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$306M +$13.7M +299,308 +5%
AQR Capital Management
17
AQR Capital Management
Connecticut
$296M +$2.25M +48,974 +0.8%
Citadel Advisors
18
Citadel Advisors
Florida
$289M +$181M +3,951,563 +205%
GC
19
GMT Capital
Georgia
$271M +$7.51M +163,500 +3%
Northern Trust
20
Northern Trust
Illinois
$254M +$3.13M +68,072 +1%
GFA
21
Gallagher Fiduciary Advisors
Illinois
$218M -$5.32M -115,798 -3%
Pzena Investment Management
22
Pzena Investment Management
New York
$212M +$3.71M +80,805 +2%
Pacer Advisors
23
Pacer Advisors
Pennsylvania
$201M -$11M -239,725 -6%
UBS Group
24
UBS Group
Switzerland
$194M -$13.2M -286,855 -7%
Charles Schwab
25
Charles Schwab
California
$187M +$4.99M +108,780 +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.