Delta Air Lines Inc (DAL) Hedge Fund & Institutional Holdings (Q2 2026)

DAL ranks #231 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

DAL is a disclosed holding of Warren Buffett (Berkshire Hathaway Inc), one of the tracked superinvestors on AlphaSMO — it makes up 1.8% of that fund's own 13F portfolio.

DAL is a top-conviction position for Gmt Capital CORP — at 15.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in DAL belongs to Berkshire Hathaway Inc, but the position matters far more to Gmt Capital CORP, who has 15.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

TD Waterhouse Canada Inc. has added to its DAL position for two straight quarters, increasing it by $6.0M to reach $6.4M today.

Kmg Fiduciary Partners, LLC has trimmed its DAL position for two straight quarters, cutting it by $3.0M while still holding $2.7M.

DAL is down 3.5% today, but institutions show net buying of $720.9M this quarter — a divergence between today's price move and the underlying institutional flow.

DAL posted net income of $4.0B over the trailing twelve months.

• Profitable — net income of $4.0B over the trailing twelve months
• Revenue grew 10.3% year over year
• Net income declined year over year, from $4.5B to $4.0B
• Generated $8.3B in positive operating cash flow
• Current ratio of 0.40x — below the conventional 1.5x liquidity buffer
• Liabilities run x equity — a highly leveraged balance sheet worth noting