$DAL

$79.16 +$2.38 (3.1%) Close

$DAL Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 657.9M shares outstanding

Who owns DAL?

By type of holder

Institutions 88.0% Insiders 0.5% Everyone else 11.4%

Concentration Top 10 holders own 47.6%

Berkshire Hathaway Inc 8.7% · BlackRock, Inc. 6.9%

Institutional ownership

88.0%

-0.3 pts vs last qtr

Institutional holders

1,515

+171 vs last qtr

Net shares bought

−1.7M

by institutions in Q2 2026

New / sold out

303 / 132

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Berkshire Hathaway Inc +17.5M
FMR LLC +5.7M

Biggest sellers in Q2 2026

Ameriprise Financial Inc −2.9M
Victory Capital Management Inc −2.2M

Who is planning to sell?

Notices of proposed sale, last 12 months

$132M

34 notices from 11 people

Shares covered

1.7M

0.26% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Hauenstein Glen W Former officer $40.9M
Bastian Edward H Officer $38.5M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−13.4%

−1.58% a year

Each share's claim on the business

+15.4%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$8.22B vs $643M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years66% 3–5 years7% 1–3 years13% Under 1 year14%

Quarterly turnover

8.1%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting DAL on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
BH Berkshire Hathaway Inc	57.3M	8.71%	+17.5M (+44.0%)	Q1 '26	1.8%
Shares held by quarter Peak holding57.3M (Q2'26) Change over 8 quarters+57.3M Share of the company8.710% Berkshire Hathaway Inc's full portfolio →
B BlackRock, Inc.	45.1M	6.86%	+981.4K (+2.2%)	≤2021	0.1%
Shares held by quarter Peak holding46.7M (Q1'25) Change over 8 quarters+2.6M Share of the company6.860% BlackRock, Inc.'s full portfolio →

Berkshire Hathaway Inc

57.3M

% of company

8.71%

Change vs last qtr

+17.5M (+44.0%)

Held since

Q1 '26

BlackRock, Inc.

45.1M

% of company

6.86%

Change vs last qtr

+981.4K (+2.2%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Delta Air Lines Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting DAL on Form N-PORT; together they hold 40.0% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$1.86B	19.8M	3.01%	0.08%	June 30, 2026
V5 Vanguard 500 Index Fund Vanguard Index Funds	$1.59B	16.9M	2.57%	0.09%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$1.86B

% of company

3.01%

% of the fund

0.08%

As of

June 30, 2026

Vanguard 500 Index Fund

Vanguard Index Funds

Position value

$1.59B

% of company

2.57%

% of the fund

0.09%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Delta Air Lines Inc and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
BE Bastian Edward H Insider	1.4M	0.21%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.210% Bastian Edward H's insider activity →
CP Carter Peter W Insider	424.7K	0.06%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.060% Carter Peter W's insider activity →

Bastian Edward H

Insider

1.4M

% of company

0.21%

Change vs last qtr

—

Held since

—

Carter Peter W

Insider

424.7K

% of company

0.06%

Change vs last qtr

—

Held since

—

25 more holders behind a free account

See every insider and 5%+ holder of Delta Air Lines Inc.

Comments