DAL β€” DELTA AIR LINES INC COM

Ownership history in ADVENT CAPITAL MANAGEMENT /DE/  Β·  10 quarters on record

This page tracks every 13F SEC filing in which ADVENT CAPITAL MANAGEMENT /DE/ reported a position in DELTA AIR LINES INC COM (DAL). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.69% (2013 Q1)
πŸ“Š Avg. % of fund
0.11%
πŸ“… First filed
2007 Q3
πŸ“… Last filed
2025 Q3
⏱ Quarters held
10

Position Intelligence

ADVENT CAPITAL MANAGEMENT /DE/ Γ— DAL AI Analytics

πŸ“‰ ADVENT CAPITAL MANAGEMENT /DE/ underperformed the S&P 500 by –25.6% annually on this DAL position. Timing score: 57% (4/7 decisions correct). Average cost basis: $42.83. Maximum drawdown during holding period: –6.4%.

πŸ“ˆ Position Alpha vs SPY
-25.6%
annualised excess return

❌ Significantly underperformed the S&P 500 by 25.6% ann.
8 quarters analyzed

⏱️ Timing Score
57%

βœ… Decent timing β€” more right than wrong on entries and exits.
4 of 7 add/trim decisions correct

πŸ’° Entry Quality
$42.83
+31.7% vs current ($56.42)

Best entry: $14.23 (2013 Q1)  Β·  Worst: $55.09 (2019 Q3)

πŸ›‘οΈ Drawdown Resilience
–6.4%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
67%
buy-side decisions

6 adds Β· 3 trims. Bought during 0 of 1 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.06% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    DAL price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 50,000 -50,000 -50.0% 0.06% $2.84B $56.42
2019 Q4 UNCHANGED 100,000 β€” 0% 0.11% $5.8M $56.35
2019 Q3 ADDED 100,000 +76,000 +316.7% 0.11% $5.8M $55.09
2017 Q2 ADDED 24,000 +23,088 +2531.6% 0.02% $1.3M $48.56
2014 Q4 REDUCED 912 -8,288 -90.1% 0.00% $139K $42.96
2014 Q3 REDUCED 9,200 -93,400 -91.0% 0.01% $333K $31.50
2014 Q2 ADDED 102,600 +50,521 +97.0% 0.05% $4.0M $33.66
2013 Q4 ADDED 52,079 +21,079 +68.0% 0.02% $1.4M $23.79
2013 Q1 ADDED 31,000 +7,000 +29.2% 0.69% $512K $14.23
2007 Q3 INITIATED 24,000 β€” β€” 0.00% $499K β€”

🏒 Other funds also holding DAL

As of 2025 Q4 β€” sorted by position size

GMT CAPITAL CORP 3Y 7Y 16.13% LANSDOWNE PARTNERS (UK) LLP 3Y 7Y 12.29% Gallagher Fiduciary Advisors, LLC 3Y 7Y 9.08% U S GLOBAL INVESTORS INC 3Y 7Y 9.04% Arrow Capital Pty Ltd 7.98% Candlestick Capital Management LP 3Y 7.02% PAR CAPITAL MANAGEMENT INC 3Y 7Y 6.56% CLEARFIELD CAPITAL MANAGEMENT LP 3Y 7Y 6.46% Black Cypress Capital Management, LLC 4.42% Candlestick Capital Management LP 3Y 3.12%
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