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Delta Air Lines, Inc.

DAL
Exchange
NYSE
Industry
Air Transportation, Scheduled
SEC CIK
0000027904

In the last 90 days, Delta Air Lines, Inc. insiders filed 0 open-market purchases and 6 sales; 1,523 institutions reported holding it in 13F filings for Q2 2026, worth $54.3B in total; 3 superinvestors hold it, including Berkshire Hathaway and Harris Associates (Oakmark).

13F holders, Q4 2025

Institutional positions in Delta Air Lines, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,333
+134 vs. Q3 2025
Shares held
555.8M
+25.4M (+4.8%) vs. Q3 2025
Total value
$38.6B
+$8.44B (+28.0%) vs. Q3 2025
New holders
239
495 more added
Sold out
105
388 more reduced

30 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting DAL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 1,333 institutions
Q1 2021: 1,004 institutionsQ2 2021: 968 institutionsQ3 2021: 965 institutionsQ4 2021: 985 institutionsQ1 2022: 983 institutionsQ2 2022: 914 institutionsQ3 2022: 891 institutionsQ4 2022: 975 institutionsQ1 2023: 981 institutionsQ2 2023: 1,079 institutionsQ3 2023: 1,029 institutionsQ4 2023: 1,072 institutionsQ1 2024: 1,080 institutionsQ2 2024: 1,097 institutionsQ3 2024: 1,087 institutionsQ4 2024: 1,219 institutionsQ1 2025: 1,130 institutionsQ2 2025: 1,186 institutionsQ3 2025: 1,229 institutionsQ4 2025: 1,333 institutionsQ1 2026: 1,345 institutionsQ2 2026: 1,523 institutions
Value heldQ4 2025: $38.6B
Q1 2021: $19.8BQ2 2021: $17.7BQ3 2021: $17.4BQ4 2021: $15.8BQ1 2022: $16.5BQ2 2022: $12.6BQ3 2022: $12.1BQ4 2022: $14.3BQ1 2023: $15.5BQ2 2023: $21.8BQ3 2023: $16.7BQ4 2023: $18.0BQ1 2024: $23.0BQ2 2024: $23.6BQ3 2024: $26.0BQ4 2024: $32.0BQ1 2025: $23.2BQ2 2025: $26.0BQ3 2025: $30.2BQ4 2025: $38.6BQ1 2026: $38.6BQ2 2026: $54.3B
Institutions holding DAL and their total value by quarter
QuarterHoldersValue
Q2 20261,523$54.3B
Q1 20261,345$38.6B
Q4 20251,333$38.6B
Q3 20251,229$30.2B
Q2 20251,186$26.0B
Q1 20251,130$23.2B
Q4 20241,219$32.0B
Q3 20241,087$26.0B
Q2 20241,097$23.6B
Q1 20241,080$23.0B
Q4 20231,072$18.0B
Q3 20231,029$16.7B
Q2 20231,079$21.8B
Q1 2023981$15.5B
Q4 2022975$14.3B
Q3 2022891$12.1B
Q2 2022914$12.6B
Q1 2022983$16.5B
Q4 2021985$15.8B
Q3 2021965$17.4B
Q2 2021968$17.7B
Q1 20211,004$19.8B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Delta Air Lines, Inc.; share changes are against Q3 2025.

Institutions holding DAL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Deroy & Devereaux Private Investment Counsel Inc526,785$36.6M1.78%−9,367−1.7%Reduced
Capital International Inc525,993$36.5M0.29%+26,547+5.3%Added
Nomura Holdings Inc524,223$36.4M0.10%+235,532+81.6%Added
Millennium Management LLC500,545$34.7M0.02%−1,930,017−79.4%Reduced
J. L. Bainbridge & Co., Inc.498,780$34.6M2.83%−10,476−2.1%Reduced
First Trust Advisors LP482,308$33.5M0.02%+276,916+134.8%Added
Appaloosa LPSuperinvestorAppaloosa475,000$33.0M0.48%+12,500+2.7%Added
Tredje AP-fonden466,797$32.4M0.24%+438,735+1,563.4%Added
Public Employees Retirement System of Ohio450,595$31.3M0.10%−10,749−2.3%Reduced
Sumitomo Mitsui Trust Holdings, Inc.448,421$31.1M0.02%−22,845−4.8%Reduced
Swiss National Bank447,300$31.0M0.02%−23,200−4.9%Reduced
Korea Investment CORP441,749$30.7M0.06%+259,447+142.3%Added
Prudential Financial Inc438,921$30.5M0.04%+6,878+1.6%Added
Cerity Partners LLC425,654$29.5M0.04%+51,041+13.6%Added
Treasurer of the State of North Carolina424,171$29.4M0.09%−20,263−4.6%Reduced
Polar Capital Holdings Plc411,387$28.6M0.13%+87,345+27.0%Added
Waycross Partners, LLC405,325$28.1M2.30%+14,235+3.6%Added
Envestnet Asset Management Inc402,726$27.9M0.01%+1,206+0.3%Added
Universal- Beteiligungs- und Servicegesellschaft mbH400,028$27.7M0.05%+15,946+4.2%Added
Manufacturers Life Insurance Company, The369,950$25.7M0.02%−2,553−0.7%Reduced
Hallmark Capital Management Inc369,823$25.7M1.64%−1,434−0.4%Reduced
Calamos Advisors LLC368,594$25.6M0.11%+1,419+0.4%Added
State of Tennessee, Treasury Department361,907$23.8M0.08%+50,840+16.3%Added
Chevy Chase Trust Holdings, Inc.338,874$23.5M0.06%−2,149−0.6%Reduced
Group One Trading, L.P.335,637$23.3M0.69%+29,178+9.5%Added
SG Americas Securities, LLC316,310$22.0M0.03%+191,617+153.7%Added
Mariner, LLC315,968$21.9M0.03%+75,425+31.4%Added
Virginia Retirement Systems Et Al307,800$21.4M0.13%00.0%Unchanged
Creative Planning303,958$21.1M0.02%+51,629+20.5%Added
Glenmede Trust Co NA298,517$20.7M0.10%+298,517New
Citadel Advisors LLC297,144$20.6M0.01%−6,940,577−95.9%Reduced
Advisor Group Holdings, Inc.296,453$20.6M0.03%−40,254−12.0%Reduced
Quadrature Capital Ltd294,585$20.4M0.21%+197,713+204.1%Added
Great West Life Assurance Co294,275$20.4M0.04%+51,711+21.3%Added
HighTower Advisors, LLC285,776$19.8M0.02%−5,822−2.0%Reduced
Danske Bank A/S284,322$19.7M0.05%+107,526+60.8%Added
Ceredex Value Advisors LLC279,548$19.4M0.58%−631,588−69.3%Reduced
Cooper Creek Partners Management LLC277,198$19.2M0.91%−195,580−41.4%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.274,528$19.1M0.13%+12,053+4.6%Added
Zweig-DiMenna Associates LLC272,310$18.9M1.34%+3,500+1.3%Added
Stifel Financial Corp272,288$18.9M0.02%−30.0%Reduced
New York State Common Retirement Fund268,272$18.6M0.02%−90,283−25.2%Reduced
Assenagon Asset Management S.A.266,559$18.5M0.03%+219,428+465.6%Added
Castleark Management LLC260,740$18.1M0.53%+31,250+13.6%Added
Natixis Advisors, L.P.258,689$18.0M0.03%−24,823−8.8%Reduced
Mercer Global Advisors Inc255,127$17.7M0.03%+23,880+10.3%Added
Glenview Trust Co254,153$17.6M0.27%+8,442+3.4%Added
Munich Reinsurance Co Stock Corp in Munich251,350$17.4M0.42%+22,665+9.9%Added
Crossmark Global Holdings, Inc.250,868$17.4M0.25%+14,783+6.3%Added
CCM Investment Advisers LLC247,128$17.2M1.64%−10,321−4.0%Reduced
CWM, LLC238,723$16.6M0.04%+51,063+27.2%Added
Cetera Investment Advisers236,584$16.4M0.02%−10,389−4.2%Reduced
Cambridge Investment Research Advisors, Inc.234,437$16.3M0.04%−8,859−3.6%Reduced
Federated Hermes, Inc.233,815$16.2M0.03%−125,055−34.8%Reduced
Wealth Enhancement Advisory Services, LLC223,170$16.1M0.02%+24,952+12.6%Added
Parallax Volatility Advisers, L.P.231,783$16.1M0.50%−187,129−44.7%Reduced
Mediolanum International Funds Ltd230,886$16.0M0.16%+86,955+60.4%Added
California State Teachers Retirement System225,400$15.6M0.02%−233−0.1%Reduced
Voya Investment Management LLC217,874$15.1M0.01%+19,694+9.9%Added
Evergreen Capital Management LLC215,982$15.0M0.34%−1,524−0.7%Reduced
Grantham, Mayo, Van Otterloo & Co. LLC215,975$15.0M0.04%−74,084−25.5%Reduced
Clearfield Capital Management LP207,700$14.4M7.79%−88,800−29.9%Reduced
National Bank of Canada207,468$14.4M0.01%−142,694−40.8%Reduced
Capital Fund Management S.A.205,183$14.2M0.13%+172,784+533.3%Added
Macquarie Group Ltd204,915$14.2M0.06%−564,440−73.4%Reduced
Dana Investment Advisors, Inc.201,683$14.0M0.41%−11,740−5.5%Reduced
Livforsakringsbolaget Skandia, Omsesidigt199,902$13.9M0.56%+100,902+101.9%Added
Interval Partners, LP194,232$13.5M0.32%−1,213,114−86.2%Reduced
Mane Global Capital Management LP194,000$13.5M0.74%+194,000New
Commonwealth Equity Services, LLC193,898$13.5M0.02%−151,339−43.8%Reduced
Teacher Retirement System of Texas192,384$13.4M0.05%+116,891+154.8%Added
Canada Pension Plan Investment Board189,682$13.2M0.01%+96,060+102.6%Added
CI Private Wealth, LLC189,365$13.1M0.02%+42,895+29.3%Added
Natixis184,520$12.8M0.05%+184,520New
State of Michigan Retirement System183,503$12.7M0.06%−1,900−1.0%Reduced
Concurrent Investment Advisors, LLC175,400$12.2M0.14%+127,880+269.1%Added
Czech National Bank171,036$11.9M0.08%+6,299+3.8%Added
Discovery Capital Management, LLC167,000$11.6M0.63%+167,000New
Cozad Asset Management Inc164,138$11.4M0.88%+19,088+13.2%Added
Sienna Gestion163,576$11.3M0.68%00.0%Unchanged
Standard Life Aberdeen plc159,267$11.1M0.02%−872−0.5%Reduced
The PNC Financial Services Group, Inc.158,269$11.0M0.01%+32,304+25.6%Added
Pinebridge Investments LLC157,908$11.0M0.08%+157,908New
HB Wealth Management, LLC156,942$10.9M0.07%+5,021+3.3%Added
PBU - The Pension Fund of Early Childhood & Youth Educators156,091$10.8M0.16%+156,091New
MetLife Investment Management155,549$10.8M0.05%−5,442−3.4%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys150,877$10.5M0.05%−4,881−3.1%Reduced
Rock Point Advisors, LLC150,608$10.5M2.62%−2,030−1.3%Reduced
RBF Capital, LLC150,000$10.4M0.48%−20,000−11.8%Reduced
Capital International Sarl148,113$10.3M0.17%+7,381+5.2%Added
CIBC Asset Management Inc147,508$10.2M0.02%+57,169+63.3%Added
PFA Pension, Forsikringsaktieselskab146,221$10.1M0.03%+146,221New
PEAK6 LLC145,641$10.1M0.28%+36,191+33.1%Added
Public Sector Pension Investment Board144,831$10.1M0.03%+26,024+21.9%Added
Wealthfront Advisers LLC143,124$9.93M0.02%+2,778+2.0%Added
Banco Santander, S.A.142,725$9.91M0.07%−31,107−17.9%Reduced
RWC Asset Management LLP142,067$9.86M0.48%+15,882+12.6%Added
Xponance, Inc.142,053$9.86M0.07%+28,283+24.9%Added
O'Shaughnessy Asset Management, LLC141,795$9.84M0.05%+29,019+25.7%Added
Meeder Asset Management Inc141,672$9.83M0.53%+953+0.7%Added