DELTA AIR LINES INC DEL (DAL) — Hedge Fund Ownership Q4 2025
DAL
- DELTA AIR LINES INC DEL (DAL) is held by 6 of 82 tracked hedge funds, with Patient Capital Management (2%) and Olstein Capital Management (1%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
- New position in DAL stock was initiated by Duquesne Family Office (1%).
- The biggest increases in DAL holdings came from Appaloosa Management (+3%), highlighting conviction.
- The biggest decreases in DAL holdings came from Pzena Investment Management (-29%) and Patient Capital Management (-21%), suggesting profit-taking or de-risking.
- Overall, hedge funds decreased exposure to DELTA AIR LINES INC DEL (DAL) by -25% vs the prior quarter and -43% vs prior year.
| # | Fund | % of Portfolio † | Shares † | Shares vs Prior Quarter † | Shares vs Prior Year † | Aggregate Value † | Reported Price * | Option |
|---|---|---|---|---|---|---|---|---|
| 1 |
Patient Capital Management Samantha McLemore
|
1.82% | 680K | -21.00% | -28.19% | $47.2M | $69.40 | — |
| 2 |
Olstein Capital Management Robert Olstein
|
1.45% | 102K | -23.81% | -17.66% | $7.1M | $69.40 | — |
| 3 |
Duquesne Family Office
|
1.07% | 651K | NEW | -63.17% | $45.2M | $69.40 | — |
| 4 |
Pzena Investment Management Richard Pzena
|
0.62% | 3.0M | -29.49% | -39.52% | $207.0M | $69.40 | — |
| 5 |
Appaloosa Management
|
0.48% | 475K | +2.70% | — | $33.0M | $69.40 | — |
| 6 |
First Eagle Investment Management
|
0.00% | 13K | — | -12.49% | $880,964 | $69.40 | — |
| 6 | Total | — | 4.9M | -25.40% | -43.11% | $340.3M | — | — |
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.