Who owns Delta Air Lines (DAL)
Which tracked institutional funds hold DAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DAL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on DAL is one-sided between 2026-Q1 and 2026-Q2: 567 added or opened and 177 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DAL’s largest tracked holder by dollar value, BERKSHIRE HATHAWAY INC, sizes it at 1.8% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 1.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DAL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1435 tracked filers holding DAL, 785 increased or opened the position and 657 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DAL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 60
- Castle Hook Partners LP$117M
- Jupiter Topco LLC$78M
- Duquesne Family Office LLC$56M
- Quadrature Capital Ltd$36M
- SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC$36M
- Holocene Advisors, LP$32M
Full exits 104
- Pacer Advisors, Inc.$270M
- LSV ASSET MANAGEMENT$218M
- Thrivent Financial for Lutherans$178M
- Amundi$137M
- Southpoint Capital Advisors LP$66M
- JANUS HENDERSON GROUP PLC$60M
Largest adds
- BERKSHIRE HATHAWAY INC$2.7B
- BlackRock, Inc.$1.8B
- FMR LLC$1.3B
- VANGUARD CAPITAL MANAGEMENT LLC$1.1B
- Sanders Capital, LLC$769M
- STATE STREET CORP$700M
Largest trims
- AMERIPRISE FINANCIAL INC$159M
- VICTORY CAPITAL MANAGEMENT INC$103M
- River Road Asset Management, LLC$67M
- BNP PARIBAS FINANCIAL MARKETS$64M
- PANAGORA ASSET MANAGEMENT INC$63M
- Interval Partners, LP$45M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC added | 57,320,000 | $5.4B | 10.9% | 2026-Q2 |
| BlackRock, Inc. added | 45,106,139 | $4.2B | 8.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 41,307,000 | $3.9B | 7.9% | 2026-Q2 |
| FMR LLC added | 33,187,319 | $3.1B | 6.3% | 2026-Q2 |
| Sanders Capital, LLC trimmed | 29,129,629 | $2.7B | 5.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 26,329,259 | $2.5B | 5.0% | 2026-Q2 |
| STATE STREET CORP added | 24,129,558 | $2.3B | 4.6% | 2026-Q2 |
| Capital International Investors added | 20,689,945 | $1.9B | 3.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 18,511,900 | $1.8B | 3.6% | 2026-Q2 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 17,521,167 | $1.6B | 3.3% | 2026-Q2 |
| HARRIS ASSOCIATES L P trimmed | 17,329,926 | $1.6B | 3.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 12,627,009 | $1.2B | 2.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 11,722,155 | $1.1B | 2.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 9,604,863 | $900M | 1.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 7,859,947 | $732M | 1.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 6,729,036 | $627M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 6,344,026 | $594M | 1.2% | 2026-Q2 |
| Newport Trust Company, LLC trimmed | 6,216,343 | $582M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 5,022,282 | $470M | 1.0% | 2026-Q2 |
| Invesco Ltd. trimmed | 5,003,694 | $469M | 1.0% | 2026-Q2 |
| Life Cycle Investment Partners Ltd trimmed | 4,797,621 | $449M | 0.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 4,010,551 | $376M | 0.8% | 2026-Q2 |
| Ninety One UK Ltd added | 3,881,580 | $364M | 0.7% | 2026-Q2 |
| Allianz Asset Management GmbH added | 3,700,225 | $246M | 0.5% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 3,651,162 | $342M | 0.7% | 2026-Q2 |
| Gallagher Fiduciary Advisors, LLC trimmed | 3,637,451 | $341M | 0.7% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 3,490,402 | $327M | 0.7% | 2026-Q2 |
| PAR CAPITAL MANAGEMENT INC trimmed | 3,482,745 | $326M | 0.7% | 2026-Q2 |
| GMT Capital Corp trimmed | 3,264,600 | $306M | 0.6% | 2026-Q2 |
| UBS Group AG trimmed | 3,064,383 | $287M | 0.6% | 2026-Q2 |
| Slate Path Capital LP added | 3,015,048 | $282M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,741,356 | $257M | 0.5% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 2,642,524 | $247M | 0.5% | 2026-Q2 |
| PZENA INVESTMENT MANAGEMENT LLC trimmed | 2,618,707 | $245M | 0.5% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 2,586,645 | $242M | 0.5% | 2026-Q2 |
| Capital World Investors trimmed | 2,535,084 | $237M | 0.5% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 2,531,044 | $237M | 0.5% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 2,486,595 | $233M | 0.5% | 2026-Q2 |
| LANSDOWNE PARTNERS (UK) LLP trimmed | 2,471,261 | $231M | 0.5% | 2026-Q2 |
| Nuveen, LLC trimmed | 2,011,979 | $188M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,839,720 | $172M | 0.4% | 2026-Q2 |
| 1832 Asset Management L.P. added | 1,830,773 | $171M | 0.3% | 2026-Q2 |
| GREAT LAKES ADVISORS, LLC added | 1,827,866 | $171M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,692,395 | $159M | 0.3% | 2026-Q2 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 1,621,636 | $152M | 0.3% | 2026-Q2 |
| BRISTOL JOHN W & CO INC /NY/ trimmed | 1,566,531 | $147M | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 1,546,448 | $145M | 0.3% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 1,539,886 | $144M | 0.3% | 2026-Q2 |
| Douglas Lane & Associates, LLC trimmed | 1,536,719 | $144M | 0.3% | 2026-Q2 |
| CITIGROUP INC trimmed | 1,408,563 | $132M | 0.3% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 1,401,434 | $131M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 1,391,409 | $130M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 1,389,497 | $130M | 0.3% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 1,383,430 | $130M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 1,337,348 | $125M | 0.3% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 1,316,239 | $123M | 0.3% | 2026-Q2 |
| ATALANTA SOSNOFF CAPITAL, LLC added | 1,305,844 | $122M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,282,419 | $120M | 0.2% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,281,329 | $121M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 1,261,201 | $84M | 0.2% | 2026-Q2 |
| Castle Hook Partners LP added | 1,252,701 | $117M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 1,232,664 | $115M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,186,018 | $111M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 1,175,579 | $110M | 0.2% | 2026-Q2 |
| Polar Capital Holdings Plc added | 1,140,685 | $107M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,127,138 | $108M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,108,215 | $104M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 1,088,455 | $102M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,086,141 | $102M | 0.2% | 2026-Q2 |
| ZACKS INVESTMENT MANAGEMENT trimmed | 1,077,535 | $101M | 0.2% | 2026-Q2 |
| U S GLOBAL INVESTORS INC trimmed | 1,075,013 | $101M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 1,065,016 | $100M | 0.2% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 1,037,600 | $97M | 0.2% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,007,136 | $94M | 0.2% | 2026-Q2 |
| MASTERS CAPITAL MANAGEMENT LLC | 1,000,000 | $94M | 0.2% | 2026-Q2 |
| Jupiter Topco LLC new | 837,003 | $78M | 0.2% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 816,386 | $76M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 775,718 | $73M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 736,674 | $69M | 0.1% | 2026-Q2 |
| NORGES BANK trimmed | 715,051 | $67M | 0.1% | 2026-Q2 |
| CAMBIAR INVESTORS LLC trimmed | 708,662 | $66M | 0.1% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC trimmed | 703,751 | $66M | 0.1% | 2026-Q2 |
| Tidal Investments LLC added | 691,604 | $65M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 639,568 | $60M | 0.1% | 2026-Q2 |
| Duquesne Family Office LLC trimmed | 603,000 | $56M | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 595,027 | $56M | 0.1% | 2026-Q2 |
| AustralianSuper Pty Ltd added | 581,886 | $54M | 0.1% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 578,327 | $54M | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC trimmed | 578,248 | $54M | 0.1% | 2026-Q2 |
| Capital International, Inc./CA/ added | 561,291 | $53M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 560,914 | $53M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 538,101 | $50M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 535,121 | $50M | 0.1% | 2026-Q2 |
| Hosking Partners LLP trimmed | 522,169 | $49M | 0.1% | 2026-Q2 |
| Creative Planning added | 513,815 | $48M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 507,485 | $48M | 0.1% | 2026-Q2 |
| Cerity Partners LLC trimmed | 474,578 | $44M | 0.1% | 2026-Q2 |
| TD Asset Management Inc trimmed | 470,893 | $44M | 0.1% | 2026-Q2 |
| Swiss National Bank trimmed | 463,200 | $43M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 457,675 | $43M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.