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
↑ +26
Streak
4Q ▲
Buyers last Q
58%

Smart Money Signals — DAL

Based on 1342 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
1,342 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.
📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q
+220 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

767 buying564 selling
Last quarter: 767 funds bought or added vs 564 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.
⚠️

Fewer new buyers each quarter (-46 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 183 → 169 → 235 → 189. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 18% medium ■ 18% new
852 out of 1,342 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.
📈

Growing discovery — still being found

141 → 183 → 169 → 235 → 189 new funds/Q
New funds entering each quarter: 183 → 169 → 235 → 189. A growing number of institutions are discovering DAL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 70% veterans vs 20% newcomers

■ 70% veterans ■ 10% 1-2yr ■ 20% new
Entry-cohort mix of 1,421 holders: 996 (70%) are 2+ year veterans, 142 entered 1–2 years ago, and 283 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
66 of 1328 holders are among the 100 largest funds by AUM, controlling 50% 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.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 Q1, 767 hedge funds were net buyers of DAL (189 opened a new position, 578 added to an existing one), while 564 reduced or exited (401 trimmed, 163 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 50% of total institutional value in DAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +26 funds (more new holders than closures). Total institutional holders: 1342.

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 Q1 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 March 31, 2026 · 75d ago
DAL
+24.9%
XLI
+8.9%

DAL outperformed XLI by +16.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
DAL
+18.3%
XLI
+329.7%

Since the filing became public, DAL outperformed XLI by -311.4% .

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.

74 top-rated funds 13 high-conviction
Consensus
8.1
/ 10
breadth
×
Elite
5.6
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 1332 1316 1.22%
13F Shares 616M 609M 1.07%
Total Value $40.66B $42.05B -3.32%
New Positions 187 235 -48
Increased Positions 557 483 +74
Closed Positions 171 118 +53
Reduced Positions 383 394 -11
Total Calls 45 39 15.38%
Total Puts 47 35 34.29%
PUT/CALL Ratio 1.04 0.9 Neutral

Statistics: DAL

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Financial Highlights

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Institutional Holders (2026 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gmt Capital Corp 13.42% 4,423,100 $294.0M
2 Gallagher Fiduciary Advisors, LLC 9.91% 3,839,147 $255.2M
3 U S Global Investors Inc 9.08% 1,171,746 $77.9M
4 Lansdowne Partners (uk) LLP 8.85% 2,485,899 $165.3M
5 Clearfield Capital Management LP 7.00% 197,800 $13.1M
6 Par Capital Management Inc 6.77% 3,514,445 $233.6M
7 Arrow Capital Pty Ltd 6.32% 100,000 $6.3M
8 Family Office Research LLC 3.15% 109,018 $7.2M
9 Woodson Capital Management, LP 3.00% 287,000 $19.1M
10 Slate Path Capital LP 2.93% 2,966,548 $197.2M
11 Cambiar Investors LLC 2.75% 894,062 $59.4M
12 Waycross Partners, LLC 2.66% 418,263 $27.8M
13 Rock Point Advisors, LLC 2.63% 146,208 $9.7M
14 Alta Fundamental Advisers LLC 2.51% 100,000 $6.6M
15 Life Cycle Investment Partners Ltd 2.38% 5,622,434 $373.8M
16 Sanders Capital, LLC 2.33% 29,467,155 $1.96B
17 J. L. Bainbridge & Co., Inc. 2.23% 376,784 $25.0M
18 Masters Capital Management LLC 2.20% 1,000,000 $66.5M
19 Masters Capital Management LLC 2.20% 1,000,000 $66.5M
20 Econ Financial Services Corp 2.12% 68,743 $4.6M
21 Aristides Capital LLC 2.06% 143,418 $9.5M
22 Zweig-DiMenna Associates LLC 1.95% 212,060 $14.1M
23 Bristol John W & Co Inc /Ny/ 1.73% 1,580,135 $105.0M
24 Jefferson Bridge Capital, LLC 1.70% 25,750 $1.7M
25 Game Creek Capital, LP 1.68% 75,875 $5.0M
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 — 4 quarters in a row: For 4 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 — 58% buying: Last quarter: 767 funds bought or added vs 564 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 — 50% AUM from top-100 funds: 66 of 1328 holders are among the 100 largest funds by AUM, controlling 50% 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?

63% of holders stayed for 2+ years: 852 out of 1,342 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 Q1 hedge fund 13F filings?

As of today, DAL has moved +18.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +329.7% for the XLI sector ETF — an outperformance of -311.4%. Since the quarter end (March 31, 2026), DAL has gained +24.9% vs +8.9% 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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