2026-07-10
Delta Air Lines filed an 8-K on July 10, 2026, announcing its financial results for the quarter ended June 30, 2026. The earnings press release was included as Exhibit 99.1.
View Full Filing (SEC EDGAR)DAL
Delta Air Lines Inc (DAL) Hedge Fund & Institutional Holdings (Q2 2026)
Delta Air Lines Inc
$78.14+2.3%
+$706.9M
Net Activity
-0.06% total shares
Institutions Holding
1543
Popularity Rank
#231
Avg Weight
0.18%
Total Value
$58.0B
Ownership Trend
1543 institutions currently hold DAL, with 815 net buyers and 633 net sellers this quarter.
Institutional Moves
Institutional Moves (Q2 2026)
Neutral
Based on recent trading activity
Net Selling Institutions
633
Net Buying Institutions
815
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Who Owns DAL? Top Institutional & Hedge Fund Holders
Key Holders
Top 5 by Value
Source and citation information
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Across its top 20 institutional holders, DAL's holder base skews toward low-concentration, low-turnover investors on average (avg. concentration score 9/100, avg. turnover score 30/100).
Notable Holders
DAL ranks #231 out of 37501 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.
Bank of New York Mellon Corp has added to its DAL position for two straight quarters, increasing it by $523.6M to reach $1.2B today.
Royal Bank Of Canada has trimmed its DAL position for two straight quarters, cutting it by $168.3M while still holding $92.8M.
DAL is up 2.3% today, and institutions have been net buyers of $706.9M this quarter — today's price move and the underlying institutional flow are pointing the same direction.
Company Fundamentals
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 3.90x equity — a highly leveraged balance sheet worth noting
Price Chart
DAL Quarterly 13F Institutional Trade Shifts
Recent Activity
+$5.1B
Total Buy Value
$6.1B
Total Sell Value
New buy284
Trim512
Add531
Sold out121
815
Net Buyers
633
Net Sellers
Top Movers
DAL
Q2 2026
Top 5 Institutional Movers
Data by AlphaSMO • Not financial advice.
Game Theory Scenarios
Bearish— Distribution Signal
Institutional outflows align with broad insider selling at Delta
Signal Basis
Institutions trimmed roughly $975.9 million in aggregate position value in the June 2026 quarter, while insiders recorded six sales totaling about $33.1 million against zero purchases over the past 90 days — including CEO Edward Bastian's ~$19.2 million sale on August 4.
Confirmation
A follow-on quarter of net institutional outflows in the Q3 13F window, or additional executive Form 4 sales, would reinforce this bearish read.
Invalidation Risk
Net buyer count (809) still exceeds net sellers (630), so a reversal to positive institutional flows or fresh insider buying would undermine the thesis.
Generated by AI directly from institutional holders' Form 13F data on SEC EDGAR, reflecting past activity only. Not investment advice — do not base trading decisions on this alone; verify against the source filings below.
See the institutional 13F filings behind this signalSmart Money Convergence
DAL does not currently show a 13F-and-insider convergence signal — its insider confidence score is 0/100, below the threshold this product uses to flag combined buying pressure.
13F data as of 2026-06-30 quarterly filings. Note: many large institutions file close to the 45-day post-quarter deadline, so early-quarter flow figures can shift substantially as more filings arrive.
Recent DAL Insider Buying & Selling Activity (Form 4)
90d confidence
0
unique buyers
—
buy value
data as of 2026-09-02
12-Month Buy/Sell Activity
Apr 25
Oct 25
Aug 26
BuySell
| Action | Insider | Date | Value |
|---|---|---|---|
| Sell | HUERTA MICHAEL P | 2026-08-05 | $292K |
| Sell | Steven M Sear | 2026-08-05 | $3.79M |
| Sell | Peter W Carter | 2026-08-04 | $3.71M |
| Sell | Alain Bellemare | 2026-08-04 | $3.25M |
| Sell | Edward H Bastian | 2026-08-04 | $19.16M |
| Sell | David G Dewalt | 2026-08-03 | $2.88M |
| Sell | Edward H Bastian | 2026-02-26 | $7.03M |
| Sell | Steven M Sear | 2026-02-09 | $2.90M |
Congress Trading (STOCK Act)
Form 144 Pre-Sale Notices
7
Filings (90d)
$33.68M
Total Est. Value
363K shares
Planned Shares
Last Filed 2026-08-05
| Filer | Filing Date | Est. Value |
|---|---|---|
| HUERTA MICHAEL P | 2026-08-05 | $292K |
| Sear Steven M | 2026-08-05 | $3.79M |
| Carter Peter W | 2026-08-04 | $3.71M |
| Bastian Edward H | 2026-08-04 | $19.16M |
| BELLEMARE ALAIN | 2026-08-04 | $3.25M |
| DEWALT DAVID G | 2026-08-03 | $2.88M |
| Laughter John E | 2026-06-25 | $603K |
Form 144 is a planned sale notice, not an executed transaction. Form 144 Tracker。
Beneficial Ownership (13D/13G)
1
Active 5%+ Holders
Data as of 2026-08-14
| Reporting Person | Type | Filing Date | % of Class |
|---|---|---|---|
| Warren E. Buffett | 13G/A | 2026-08-14 | 8.7% |
Material Events (8-K)
CUSIP
247361702, 247361902, 247361952, G03959106
FAQ
Who are the top institutional investors holding DELTA AIR LINES INC (DAL)?
Major stakeholders currently include Berkshire Hathaway Inc ($5.4B), BlackRock, Inc. ($4.2B), Vanguard Capital Management LLC ($3.9B). Based on the latest 13F filings, there are a total of 1543 tracked investment funds and institutions maintaining positions in DAL.
What is the overall institutional sentiment toward DAL recently?
Institutional sentiment appears Bullish (Net Buying). During the most recent reporting quarter, the stock experienced a net inflow of $706.9M, driven by 815 managers accumulating shares while 633 reduced their exposure.
Which institutions have been selling or reducing their DAL positions?
In the latest period, 512 funds trimmed their holdings, and 121 managers completely exited their positions. The aggregate reported sell value was $6.1B.
Are there any notable investors adding DAL to their portfolios?
Yes, buying activity remains notable. 284 institutions opened new positions in {ticker}, and 531 existing holders added to their shares. The total reported buy value for the quarter amounted to $5.1B.
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News
79
Articles
Data as of 2026-09-02
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Developer Access
Access DAL's institutional ownership data programmatically:
REST API
curl https://alphasmo.com/api/v1/market/stock/DALCLI
npx alphasmo stocks get DAL