Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in DAL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 45.5M | $3.03B | -3.5% | 6.973% | 0.05% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 41.9M | $2.79B | — | 6.422% | 0.07% |
| 3 | BERKSHIRE HATHAWAY INC | 39.8M | $2.65B | — | 6.095% | 1.01% |
| 4 | Sanders Capital, LLC | 29.5M | $1.96B | -0.4% | 4.512% | 2.33% |
| 5 | FMR LLC | 27.5M | $1.83B | +0.3% | 4.211% | 0.10% |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 27.4M | $1.82B | — | 4.193% | 0.10% |
| 7 | STATE STREET CORP | 23.5M | $1.56B | +1.3% | 3.592% | 0.05% |
| 8 | Capital International Investors | 20.6M | $1.37B | -15.0% | 3.150% | 0.32% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 18.0M | $1.20B | +3.2% | 2.752% | 0.07% |
| 10 | HARRIS ASSOCIATES L P | 18.0M | $1.20B | -8.5% | 2.756% | 1.60% |
| 11 | PRIMECAP MANAGEMENT CO/CA/ | 17.5M | $1.17B | -0.3% | 2.687% | 0.92% |
| 12 | MORGAN STANLEY | 13.4M | $891.1M | +8.9% | 2.052% | 0.05% |
| 13 | Bank of New York Mellon Corp | 12.3M | $815.7M | +29.2% | 1.879% | 0.15% |
| 14 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 11.8M | $786.8M | -2.5% | 1.812% | 0.09% |
| 15 | DIMENSIONAL FUND ADVISORS LP | 10.0M | $667.2M | -0.6% | 1.537% | 0.14% |
| 16 | AQR CAPITAL MANAGEMENT LLC | 8.4M | $549.2M | +37.1% | 1.292% | 0.25% |
| 17 | Newport Trust Co | 7.9M | $523.0M | -4.3% | 1.204% | 1.28% |
| 18 | Invesco Ltd. | 6.1M | $408.8M | +22.0% | 0.942% | 0.06% |
| 19 | GOLDMAN SACHS GROUP INC | 6.0M | $397.1M | +37.0% | 0.915% | 0.05% |
| 20 | Life Cycle Investment Partners Ltd | 5.6M | $373.8M | -17.3% | 0.861% | 2.38% |
| 21 | Kentucky Farm Bureau Mutual Insurance Co | 12K | $367.0M | — | 0.002% | 0.01% |
| 22 | NORTHERN TRUST CORP | 5.0M | $330.8M | -0.8% | 0.762% | 0.04% |
| 23 | GMT CAPITAL CORP | 4.4M | $294.0M | -0.8% | 0.677% | 13.42% |
| 24 | WELLINGTON MANAGEMENT GROUP LLP | 4.2M | $278.5M | -69.7% | 0.641% | 0.05% |
| 25 | AMERIPRISE FINANCIAL INC | 4.0M | $266.6M | +39.0% | 0.614% | 0.06% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in DAL — a direct measure of their conviction.
Filings activity in DAL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,307 | +1.5% | 71.71% | +0.75 pp | $38.90B | +1.1% |
| Q4 2025 | 1,288 | +8.4% | 70.96% | +11.55 pp | $38.50B | +19% |
| Q3 2025 | 1,188 | +2.5% | 59.41% | +11.17 pp | $32.23B | +23% |
| Q2 2025 | 1,159 | +5.4% | 48.24% | +4.57 pp | $26.17B | +10% |
| Q1 2025 | 1,100 | 6.0% | 43.67% | 17.80 pp | $23.69B | 29% |
| Q4 2024 | 1,170 | +12% | 61.47% | +11.51 pp | $33.35B | +23% |
| Q3 2024 | 1,042 | 1.3% | 49.96% | +3.57 pp | $27.11B | +7.7% |
| Q2 2024 | 1,056 | — | 46.39% | — | $25.17B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying DAL stock.
Based on Q1 2026 13F filings, institutional ownership of Delta Air Lines, Inc. stands at 71.7%, held across 1,307 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of DAL, with approximately 45,543,774 shares worth $3.03B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of DAL, including BERKSHIRE HATHAWAY INC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for DAL is 62 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
201 institutions opened new positions in DAL during Q1 2026, while 182 fully exited. 381 added to existing positions and 717 trimmed.
DAL institutional ownership rose by 0.75 percentage points quarter-over-quarter, with a net change of +19 holders.
The top 10 institutions account for 49.9% of all reported 13F value in DAL, and the top 25 account for 70.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Delta Air Lines, Inc. (DAL) Institutional Ownership