L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 29 Oct 2025
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 15 listed it in both
Shares listed
84,165,380
combined, among listed positions
Reported value
$4.8bn
combined, at the quarter end

Among the 95 comparable managers: 16 buyers (opened or added shares) and 9 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing DAL in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)19,573,817$1.1bn0.06%Added+9,604,24913 Nov 2025 (the filing on sec.gov)
Harris Associates LP13,521,870$767m1.23%Trimmed-526,75914 Nov 2025 (the filing on sec.gov)
Capital World Investors8,348,755$474m0.06%Trimmed-750,84813 Nov 2025 (the filing on sec.gov)
Citadel Advisors LLC7,237,721$411m0.06%Added+1,359,54514 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP5,817,783$330m0.06%Added+2,058,74414 Nov 2025 (the filing on sec.gov)
Invesco Ltd5,595,499$318m0.05%Trimmed-1,175,57813 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC4,265,255$242m0.16%Trimmed-1,747,60114 Nov 2025 (the filing on sec.gov)
Jane Street Group LLC3,562,806$202munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Neuberger Berman Group LLC3,426,935$194m0.14%Added+301,01227 Oct 2026 (the filing on sec.gov)
MFS Investment Management3,408,321$193m0.06%Trimmed-43,09729 Oct 2025 (the filing on sec.gov)
Millennium Management LLC2,430,562$138m0.06%Newnew14 Nov 2025 (the filing on sec.gov)
AllianceBernstein LP1,553,451$88munder 0.1%Added+20,46314 Nov 2025 (the filing on sec.gov)
Marshall Wace LLP1,263,320$72m0.07%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Point72 Asset Management LP1,200,295$68m0.11%Trimmed-615,99314 Nov 2025 (the filing on sec.gov)
Janus Henderson Group Ltd1,125,975$64munder 0.1%Trimmed-146,69814 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP507,325$29munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Appaloosa LP462,500$26m0.36%Trimmed-87,50013 Nov 2025 (the filing on sec.gov)
Tudor Investment Corp327,841$19munder 0.1%Newnew9 Dec 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC128,809$7.3munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP116,919$6.6munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP100,150$5.7m0.06%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP90,969$5.2munder 0.1%Newnew13 Nov 2025 (the filing on sec.gov)
Winton Group Ltd73,173$4.2m0.16%Addedn.a.13 Nov 2025 (the filing on sec.gov)
First Eagle Investment Management LLC12,694$720kunder 0.1%Trimmed-3,50712 Nov 2025 (the filing on sec.gov)
Caxton Associates LLP12,635$717kunder 0.1%Added+2,24117 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Exited (0)

No exit shown by a manager’s own filing.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
20 in Q3 2024 to 17 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
DAL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201313$3.0bnn.a.n.a.
Q3 201312$3.6bnn.a.n.a.
Q4 201318$4.1bnn.a.n.a.
Q1 201417$4.8bnn.a.n.a.
Q2 201426$5.5bnn.a.n.a.
Q3 201423$4.4bnn.a.n.a.
Q4 201423$6.2bnn.a.n.a.
Q1 201522$5.2bnn.a.n.a.
Q2 201524$4.3bnn.a.n.a.
Q3 201526$4.6bnn.a.n.a.
Q4 201526$4.1bnn.a.n.a.
Q1 201627$4.1bnn.a.n.a.
Q2 201626$2.8bnn.a.n.a.
Q3 201628$3.4bnn.a.n.a.
Q4 201628$6.9bnn.a.n.a.
Q1 201724$5.6bnn.a.n.a.
Q2 201730$6.8bnn.a.n.a.
Q3 201728$5.8bnn.a.n.a.
Q4 201728$7.5bnn.a.n.a.
Q1 201829$6.9bnn.a.n.a.
Q2 201824$6.2bnn.a.n.a.
Q3 201826$7.5bnn.a.n.a.
Q4 201829$6.7bnn.a.n.a.
Q1 201925$6.7bnn.a.n.a.
Q2 201928$7.7bnn.a.n.a.
Q3 201925$7.9bnn.a.n.a.
Q4 201922$7.7bnn.a.n.a.
Q1 202016$3.0bnn.a.n.a.
Q2 20207$716mn.a.n.a.
Q3 202010$996mn.a.n.a.
Q4 202017$2.1bnn.a.n.a.
Q1 202118$2.8bnn.a.n.a.
Q2 202116$2.1bnn.a.n.a.
Q3 202115$2.2bnn.a.n.a.
Q4 202115$2.2bnn.a.n.a.
Q1 202215$2.6bnn.a.n.a.
Q2 202212$1.9bnn.a.n.a.
Q3 202214$1.9bnn.a.n.a.
Q4 202217$2.3bnn.a.n.a.
Q1 202316$2.2bnn.a.n.a.
Q2 202318$3.0bnn.a.n.a.
Q3 202316$2.1bnn.a.n.a.
Q4 202317$1.9bn126
Q1 202416$2.6bn134
Q2 202419$3.8bn1210
Q3 202420$3.7bn166
Q4 202424$4.6bn1412
Q1 202520$2.8bn167
Q2 202521$3.4bn1311
Q3 202525$4.8bn169
Q4 202519$6.5bn1723
Q1 202615$7.7bn1027
Q2 202617$12.6bn1820

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

DAL and KLAC →DAL and GE →DAL and LRCX →Choose a stock to compare with DAL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own DAL, latest filings →Back to the 13F Explorer →