Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Delta Air Lines Inc (DAL)

1K + Investors. Track Smart Money conviction in DAL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +172
Streak
5Q ▲
Buyers last Q
57%

Smart Money Signals — DAL

Based on 1517 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added DAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,517 hedge funds hold DAL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +30% more funds vs a year ago

fund count last 6Q
+348 new funds entered over the past year (+30% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

848 buying638 selling
Last quarter: 848 funds bought or added vs 638 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+121 vs last Q)

new funds entering per quarter
Funds opening a new DAL position: 170 → 236 → 190 → 311. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 18% medium ■ 22% new
918 out of 1,517 hedge funds have held DAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +38% but shares only +2% — price-driven

Value
+37%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +38%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

185 → 170 → 236 → 190 → 311 new funds/Q
New funds entering each quarter: 170 → 236 → 190 → 311. A growing number of institutions are discovering DAL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 23% newcomers

■ 68% veterans ■ 9% 1-2yr ■ 23% new
Entry-cohort mix of 1,586 holders: 1,082 (68%) are 2+ year veterans, 135 entered 1–2 years ago, and 369 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
69 of 1504 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in DAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DAL

In 2026 Q2, 848 hedge funds were net buyers of DAL (311 opened a new position, 537 added to an existing one), while 638 reduced or exited (499 trimmed, 139 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 60% of total institutional value in DAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +172 funds (more new holders than closures). Total institutional holders: 1517.

Hedge Fund Ownership: DAL

How many hedge funds hold DAL — quarterly history vs. share price
Quarterly hedge fund ownership of DAL vs. share price

Market Analysis: DAL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DAL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Delta Air Lines Inc (DAL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DAL has moved relative to its sector benchmark (XLI) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 81d ago
DAL
-15.2%
XLI
-8.4%

DAL outperformed XLI by -6.8% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 36d ago
DAL
-11.1%
XLI
-9.0%

Since the filing became public, DAL outperformed XLI by -2.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

47 top-rated funds 14 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
5.2
/ 10
conviction
Hedge Fund Positioning: DAL
1K + Investors

Track Smart Money conviction in DAL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1497 1345 11.3%
13F Shares 610M 618M -1.17%
Total Value $55.90B $40.76B 37.16%
New Positions 309 190 +119
Increased Positions 509 561 -52
Closed Positions 144 163 -19
Reduced Positions 485 388 +97
Total Calls 39 45 -13.33%
Total Puts 42 47 -10.64%
PUT/CALL Ratio 1.08 1.04 Neutral

Statistics: DAL

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DAL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DAL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gmt Capital Corp 15.93% 3,264,600 $305.8M
2 Gallagher Fiduciary Advisors, LLC 11.21% 3,637,451 $340.7M
3 U S Global Investors Inc 9.68% 1,075,013 $100.7M
4 Lansdowne Partners (uk) LLP 9.52% 2,471,261 $231.5M
5 Par Capital Management Inc 8.09% 3,482,745 $326.2M
6 Arrow Capital Pty Ltd 3.98% 50,000 $4.7M
7 Slate Path Capital LP 3.91% 3,015,048 $282.4M
8 Family Office Research LLC 3.83% 109,018 $10.2M
9 Waycross Partners, LLC 3.38% 423,845 $39.7M
10 Woodson Capital Management, LP 2.95% 188,000 $17.6M
11 Cambiar Investors LLC 2.88% 708,662 $66.4M
12 Aristides Capital LLC 2.82% 154,988 $14.5M
13 Sanders Capital, LLC 2.73% 29,129,629 $2.73B
14 Beaconlight Capital, LLC 2.71% 81,820 $7.7M
15 Columbus Hill Capital Management, L.P. 2.52% 276,846 $25.9M
16 Rock Point Advisors, LLC 2.43% 106,052 $9.9M
17 Masters Capital Management LLC 2.40% 1,000,000 $93.7M
18 Bristol John W & Co Inc /Ny/ 2.17% 1,566,531 $146.7M
19 Atalanta Sosnoff Capital, LLC 2.15% 1,305,844 $122.3M
20 Harris Associates L P 2.15% 17,329,926 $1.62B
21 Life Cycle Investment Partners Ltd 2.10% 4,797,621 $449.3M
22 Jefferson Bridge Capital, LLC 2.09% 25,750 $2.4M
23 Valley Wealth Managers, INC. 1.99% 368,370 $34.5M
24 Douglas Lane & Associates, LLC 1.95% 1,536,719 $143.9M
25 Glaxis Capital Management, LLC 1.88% 10,000 $937K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Delta Air Lines Inc (DAL)

What does the Smart Money Trend signal show for DAL?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added DAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DAL?

Slight buying edge — 57% buying: Last quarter: 848 funds bought or added vs 638 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DAL holders?

Elite ownership — 60% AUM from top-100 funds: 69 of 1504 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in DAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DAL?

61% of holders stayed for 2+ years: 918 out of 1,517 hedge funds have held DAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Delta Air Lines Inc (DAL) following the 2026 Q2 hedge fund 13F filings?

As of today, DAL has moved -11.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -9.0% for the XLI sector ETF — an outperformance of -2.1%. Since the quarter end (June 30, 2026), DAL has gained -15.2% vs -8.4% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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