Which funds own DAL
Delta Air Lines Inc in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $11.1bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 6 managers trimmed or sold out against 2 buying.
- Managers holding
- 6
- at least, of 91 current
- Combined value
- $11.1bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 6
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc Long-only · $299bn book | $5.4bn | 1.8% | 57,320,000 | +$2.7bn+17,510,544 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $3.1bn | 0.1% | 33,187,319 | +$1.3bn+5,683,286 | Added |
| Harris Associates LP Activist · $75.4bn book | $1.6bn | 2.2% | 17,329,926 | +$426m-673,028 | Trimmed |
| AQR Capital Management LLC Quantitative · $287bn book | $732m | 0.3% | 7,859,947 | +$183m-579,195 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $237m | 0.2% | 2,531,044 | +$40m-435,006 | Trimmed |
| Rokos Capital Management LLP Macro · $26.8bn book | $33m | 0.1% | 353,744 | -$4.4m-211,218 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Verition Fund Management LLC · Multi-strategy$5.0m held before
- Winton Group Ltd · Quantitative$3.5m held before
Ownership through time
At least 17 of the 95 managers whose filings are on file listed DAL in Q2 2026, against 13 in Q2 2013. 2 managers more than in Q1 2026: 3 started positions; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 13
- Q3 2013: 12
- Q4 2013: 18
- Q1 2014: 17
- Q2 2014: 25
- Q3 2014: 23
- Q4 2014: 22
- Q1 2015: 21
- Q2 2015: 23
- Q3 2015: 25
- Q4 2015: 26
- Q1 2016: 27
- Q2 2016: 26
- Q3 2016: 28
- Q4 2016: 28
- Q1 2017: 24
- Q2 2017: 30
- Q3 2017: 28
- Q4 2017: 28
- Q1 2018: 29
- Q2 2018: 24
- Q3 2018: 26
- Q4 2018: 29
- Q1 2019: 25
- Q2 2019: 28
- Q3 2019: 25
- Q4 2019: 22
- Q1 2020: 16
- Q2 2020: 7
- Q3 2020: 10
- Q4 2020: 17
- Q1 2021: 18
- Q2 2021: 16
- Q3 2021: 15
- Q4 2021: 15
- Q1 2022: 15
- Q2 2022: 12
- Q3 2022: 14
- Q4 2022: 17
- Q1 2023: 16
- Q2 2023: 18
- Q3 2023: 16
- Q4 2023: 17
- Q1 2024: 16
- Q2 2024: 19
- Q3 2024: 20
- Q4 2024: 24
- Q1 2025: 20
- Q2 2025: 21
- Q3 2025: 25
- Q4 2025: 19
- Q1 2026: 15
- Q2 2026: 17
- Q2 2013: $3.0bn
- Q3 2013: $3.6bn
- Q4 2013: $4.1bn
- Q1 2014: $4.8bn
- Q2 2014: $5.5bn
- Q3 2014: $4.4bn
- Q4 2014: $6.1bn
- Q1 2015: $5.1bn
- Q2 2015: $4.0bn
- Q3 2015: $4.3bn
- Q4 2015: $4.1bn
- Q1 2016: $4.1bn
- Q2 2016: $2.8bn
- Q3 2016: $3.4bn
- Q4 2016: $6.9bn
- Q1 2017: $5.6bn
- Q2 2017: $6.8bn
- Q3 2017: $5.8bn
- Q4 2017: $7.5bn
- Q1 2018: $6.9bn
- Q2 2018: $6.2bn
- Q3 2018: $7.5bn
- Q4 2018: $6.7bn
- Q1 2019: $6.7bn
- Q2 2019: $7.7bn
- Q3 2019: $7.9bn
- Q4 2019: $7.7bn
- Q1 2020: $3.0bn
- Q2 2020: $716m
- Q3 2020: $996m
- Q4 2020: $2.1bn
- Q1 2021: $2.8bn
- Q2 2021: $2.1bn
- Q3 2021: $2.2bn
- Q4 2021: $2.2bn
- Q1 2022: $2.6bn
- Q2 2022: $1.9bn
- Q3 2022: $1.9bn
- Q4 2022: $2.3bn
- Q1 2023: $2.2bn
- Q2 2023: $3.0bn
- Q3 2023: $2.1bn
- Q4 2023: $1.9bn
- Q1 2024: $2.6bn
- Q2 2024: $3.8bn
- Q3 2024: $3.7bn
- Q4 2024: $4.6bn
- Q1 2025: $2.8bn
- Q2 2025: $3.4bn
- Q3 2025: $4.8bn
- Q4 2025: $6.5bn
- Q1 2026: $7.7bn
- Q2 2026: $12.6bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Berkshire Hathaway Inc39,809,456 to 57,320,000 shares+$1.6bn
- Fidelity (FMR LLC)27,504,033 to 33,187,319 shares+$532m
- Holocene Advisors LPnew: 345,612 shares+$32m
- Tudor Investment Corpnew: 268,963 shares+$25m
- PDT Partners LLCnew: 22,400 shares+$2.1m
Largest decreases, by shares
- Invesco Ltd6,149,562 to 5,003,694 shares-$107m
- Wellington Management Group LLP4,188,723 to 3,490,402 shares-$65m
- Capital World Investors3,218,469 to 2,535,084 shares-$64m
- Harris Associates LP18,002,954 to 17,329,926 shares-$63m
- AQR Capital Management LLC8,439,142 to 7,859,947 shares-$54m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Berkshire Hathaway Inc | Q3 2016 | $5.4bn | $5.4bn | |
| Fidelity (FMR LLC) | Q2 2013 | $3.1bn | $3.1bn | |
| Harris Associates LP | Q1 2024 | $1.6bn | $1.6bn | |
| AQR Capital Management LLC | Q2 2013 | $732m | $732m | |
| Invesco Ltd | Q4 2014 | $469m | $469m | |
| Wellington Management Group LLP | Q2 2013 | $1.0bn | $327m | |
| Capital World Investors | Q2 2013 | $1.6bn | $237m | |
| Neuberger Berman Group LLC | Q2 2013 | $524m | $237m | |
| MFS Investment Management | Q3 2013 | $233m | $233m | |
| AllianceBernstein LP | Q2 2013 | $684m | $84m | |
| Janus Henderson Group Ltd | Q2 2014 | $319m | $78m | |
| Marshall Wace LLP | Q2 2014 | $89m | $48m | |
| Rokos Capital Management LLP | Q3 2024 | $38m | $33m | |
| Holocene Advisors LP | Q4 2017 | $202m | $32m | |
| Tudor Investment Corp | Q4 2013 | $25m | $25m | |
| T. Rowe Price Associates Inc | Q2 2013 | $1.1bn | last listed Q4 2019 | |
| Viking Global Investors LP | Q3 2014 | $433m | last listed Q4 2014 | |
| Citadel Advisors LLC | Q4 2015 | $422m | last listed Q3 2025 | |
| Appaloosa LP | Q1 2016 | $418m | last listed Q4 2025 | |
| Renaissance Technologies LLC | Q3 2014 | $325m | last listed Q1 2025 | |
| Two Sigma Advisers LP | Q4 2013 | $292m | last listed Q1 2025 | |
| Third Point LLC | Q4 2014 | $236m | last listed Q2 2015 | |
| Egerton Capital UK LLP | Q3 2013 | $222m | last listed Q2 2014 | |
| D. E. Shaw & Co. | Q2 2014 | $216m | last listed Q3 2024 | |
| Jane Street Group LLC | Q1 2014 | $202m | last listed Q4 2025 |
What DAL is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around DAL →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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