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Delta Air Lines

1,223 hedge funds and large institutions have $30.2B invested in Delta Air Lines in 2025 Q3 according to their latest regulatory filings, with 168 funds opening new positions, 463 increasing their positions, 387 reducing their positions, and 110 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 110

20% more repeat investments, than reductions

Existing positions increased: 463 | Existing positions reduced: 387

16% more capital invested

Capital invested by funds: $26B → $30.2B (+$4.26B)

16% more call options, than puts

Call options by funds: $2.35B | Put options by funds: $2.02B

3% more funds holding

Funds holding: 1,1821,223 (+41)

0.7% more ownership

Funds ownership: 80.79%81.49% (+0.7%)

8% less funds holding in top 10

Funds holding in top 10: 1312 (-1)

Holders
1,223
Holders Change
+41
Holders Change %
+3.47%
% of All Funds
16.05%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.16%
New
168
Increased
463
Reduced
387
Closed
110
Calls
$2.35B
Puts
$2.02B
Net Calls
+$330M
Net Calls Change
+$367M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.22B -$11.5M -201,694 -0.3%
BlackRock
2
BlackRock
New York
$2.56B -$58.3M -1,021,734 -2%
Sanders Capital
3
Sanders Capital
Florida
$1.68B -$48.1M -843,610 -3%
Capital International Investors
4
Capital International Investors
California
$1.32B -$99.4M -1,741,112 -7%
State Street
5
State Street
Massachusetts
$1.31B -$3.53M -61,933 -0.3%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$1.11B +$548M +9,604,249 +96%
Primecap Management
7
Primecap Management
California
$1.04B -$108M -1,899,845 -9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$981M +$25.9M +453,044 +3%
Harris Associates
9
Harris Associates
Illinois
$767M -$30.1M -526,759 -4%
Morgan Stanley
10
Morgan Stanley
New York
$695M -$45.9M -804,911 -6%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$586M -$61.7M -1,080,586 -9%
Newport Trust Company
12
Newport Trust Company
District of Columbia
$523M
Capital World Investors
13
Capital World Investors
California
$474M -$42.8M -750,848 -8%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$435M +$82.6M +1,447,058 +23%
JP Morgan Chase
15
JP Morgan Chase
New York
$431M +$46.2M +810,083 +12%
Citadel Advisors
16
Citadel Advisors
Florida
$411M +$77.6M +1,359,545 +23%
Wellington Management Group
17
Wellington Management Group
Massachusetts
$330M +$117M +2,058,744 +55%
Invesco
18
Invesco
Georgia
$318M -$67.1M -1,175,578 -17%
Northern Trust
19
Northern Trust
Illinois
$290M -$3.46M -60,642 -1%
GC
20
GMT Capital
Georgia
$279M -$34.6M -605,500 -11%
GFA
21
Gallagher Fiduciary Advisors
Illinois
$244M -$7.22M -126,578 -3%
AQR Capital Management
22
AQR Capital Management
Connecticut
$242M -$99.7M -1,747,601 -29%
Pzena Investment Management
23
Pzena Investment Management
New York
$240M -$4.68M -81,999 -2%
Goldman Sachs
24
Goldman Sachs
New York
$229M +$54.7M +958,122 +31%
Ninety One (UK)
25
Ninety One (UK)
United Kingdom
$219M +$42M +736,342 +24%

DAL Hedge Fund Activity: Q3 2025 in Review

1,223 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Delta Air Lines (DAL) for Q3 2025, worth a combined $30.2B — up 16% from $26B a quarter earlier.

Buyers outnumbered sellers: 168 funds opened new DAL positions and 110 closed out — a net gain of 58 holders — while 463 added to existing stakes and 387 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $548M. The largest seller was Pacer Advisors, cutting an estimated $225M.

  • 1,223 institutional investors held Delta Air Lines (DAL) as of Q3 2025, up from 1,182 in Q2 2025.
  • Funds reported $30.2B of Delta Air Lines stock for Q3 2025, up 16% quarter-over-quarter.
  • 168 funds opened new Delta Air Lines positions in Q3 2025 and 110 closed out, a net change of +58 holders.
  • The largest Delta Air Lines buyer in Q3 2025 was Fidelity Investments, an estimated $548M added.
  • The largest Delta Air Lines seller in Q3 2025 was Pacer Advisors, an estimated $225M sold.

Based on aggregated 13F filings for Q3 2025.