Delta Air Lines, Inc.· DAL

🇺🇸 US · LargeSP500NYSE

Industrials Airlines, Airports & Air Services Website

Price: $79.62
Day: +0.24%
Mkt Cap: $52.36B
52W Range: $55.03 – $95.68
Volume: 24.88M
Beta: 1.29

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 3.5 / 5 (Bullish), from 3 of 3 components
Institutions Q2 2026: 1,603 institutions hold; 832 added, 497 reduced
Insiders Q3 2026: no purchases, 6 sales ($33.1M)

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Delta Air Lines, Inc.

DAL|Industrials|Airlines, Airports & Air Services

Current price: $80

Smart Money

Dimension 5 of 5

Insider selling pace · Q3 2026

1.4x

quarter in progress, filings still arriving

Seller breadth · Q3 2026

6 sellers

vs 4.4 avg per quarter

Institutional net breadth · Q2 2026

+514

1,140 adding vs 626 reducing

Institutional ownership · Q2 2026

89.4%

1,603 institutions

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BERKSHIRE HATHAWAY INC

57.3M

+43.8%

BLACKROCK, INC.

45.1M

+2.1%

VANGUARD CAPITAL MANAGEMENT LLC

41.3M

-1.7%

FMR LLC

33.2M

+20.5%

SANDERS CAPITAL, LLC

29.1M

-1.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

26.3M

-4.0%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

117

225

151

117 buying225 unchanged151 selling

493 funds held DAL in Q2 2026, holding 288.5M shares between them, down 2.9% on the quarter.

Largest fund holders

SPDR SERIES TRUST2.7M sh

NATIONWIDE MUTUAL FUNDS240.0K sh

MADISON FUNDS126.5K sh

Notable Insider Transactions, Q3 2026

Largest open-market purchases and sales by value in the last eight quarters

Sale · Aug 4

Bastian Edward H

$19.2M

Sale · Jan 15

Bastian Edward H

$12.3M

Sale · Feb 6

HAUENSTEIN GLEN W

$11.8M

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

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Generated September 21, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

DAL Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

3.5/5

Bullish

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

Institutional Flow

50% weight

+52

Fund Flow

10% weight

-25

Overall Smart Money sentiment of 3.5/5 (Bullish) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 20, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for DAL

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

Neutral

Routine insider selling in Q3 2026

6 sales totaling $33.1M (356.7K shares)

Share volume is at a routine pace (1.4x average)

6 different insiders sold this quarter

Buying seen in 5 of 15 quarters

Steady selling pace across recent quarters

1.4x

Selling pace

quarter in progress, filings still arriving

8.08%

Stake sold

of active insiders' holdings

6 sellers

Seller breadth

vs 3.7 avg per quarter

Q3 2024

Last insider purchase

buying in 5 of 16 quarters

Notable Recent Transactions, DAL

Top 8 highest-value insider trades from the last 8 quarters

Bastian Edward H

CEO

Sell

206,510 shares at $92.80

≈13.2% of their stake at the time

Aug 4, 2026$19.16M

Bastian Edward H

CEO

Sell

173,230 shares at $71.00

≈21.5% of their stake at the time

Jan 15, 2026$12.30M

HAUENSTEIN GLEN W

President

Sell

165,864 shares at $71.00

≈28.4% of their stake at the time

Feb 6, 2026$11.78M

HAUENSTEIN GLEN W

President

Sell

137,159 shares at $75.27

≈32.9% of their stake at the time

Feb 9, 2026$10.32M

HAUENSTEIN GLEN W

President

Sell

123,910 shares at $74.77

≈22.9% of their stake at the time

Feb 6, 2026$9.26M

Bastian Edward H

CEO

Sell

100,000 shares at $70.26

≈6.8% of their stake at the time

Feb 26, 2026$7.03M

Bastian Edward H

CEO

Sell

91,710 shares at $69.85

≈17.3% of their stake at the time

Jan 22, 2025$6.41M

Laughter John E

EVP & Chief of Operations

Sell

69,304 shares at $68.15

≈50.0% of their stake at the time

Apr 10, 2026$4.72M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for DAL

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Bullish Signal

Institutions accumulating in Q2 2026

89.4% institutional ownership

Moderate accumulation: 1140 adding vs 626 reducing

13F shares increased by 0.5%, a modest change

+514

Net breadth

1,140 adding vs 626 reducing

Accumulating

1.82

Add / reduce ratio

in Q2 2026

+179

New − closed

308 initiated, 129 exited

6 of 10

Top holders adding

largest holders with a known change

Position Changes

Q2 2026: how are institutions adjusting their positions?

+1140 growing-626 shrinkingNet: +514

308

832

497

129

New (308)

Increased (832)

Reduced (497)

Closed (129)

Top Institutional Holders, DAL

Largest 8 institutional positions by ownership percentage as of Q2 2026

BERKSHIRE HATHAWAY INC

57.3M

$5.4B

Ownership

8.78%

+43.8%

BLACKROCK, INC.

45.1M

$4.2B

Ownership

6.91%

+2.1%

VANGUARD CAPITAL MANAGEMENT LLC

41.3M

$3.9B

Ownership

6.33%

-1.7%

FMR LLC

33.2M

$3.1B

Ownership

5.08%

+20.5%

SANDERS CAPITAL, LLC

29.1M

$2.7B

Ownership

4.46%

-1.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

26.3M

$2.5B

Ownership

4.03%

-4.0%

STATE STREET CORP

24.1M

$2.3B

Ownership

3.70%

+2.7%

CAPITAL INTERNATIONAL INVESTORS

20.7M

$1.9B

Ownership

3.17%

+0.4%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 493 ETFs and mutual funds reporting

117 buying151 sellingNet: -34

117

225

151

Buying (117)

Unchanged (225)

Selling (151)

In total, funds bought 10.3M shares and sold 18.6M this quarter. Each fund counts once in the bar above, whatever the size of its move.

Bearish Signal

Funds distributing in Q2 2026

493 ETFs and mutual funds reporting

151 funds selling vs 117 buying

Top Fund Holders, DAL

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

SPDR SERIES TRUST

2.7M

Weight

13.22%

Jul 31, 2026No change

NATIONWIDE MUTUAL FUNDS

240.0K

Weight

0.03%

Jul 31, 2026Decreased

MADISON FUNDS

126.5K

Weight

2.61%

Jul 31, 2026No change

Northern Lights Fund Trust

12.8K

Weight

0.03%

Jul 31, 2026No change

RYDEX SERIES FUNDS

12.2K

Weight

0.41%

Jun 30, 2026Decreased

CLEARWATER INVESTMENT TRUST

11.3K

Weight

0.09%

Jun 30, 2026No change

ETF Opportunities Trust

11.0K

Weight

0.17%

Jun 30, 2026Increased

TETON WESTWOOD FUNDS

10.8K

Weight

1.89%

Jun 30, 2026No change

Delta Air Lines, Inc.· DAL

Holdings Analysis

Insider Trading Activity

1.3Transaction History106Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings173Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History106Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings173Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights