Delta Air Lines, Inc. (DAL)

Highly Crowded

Held by 1,290 of 5,944 reporting institutions (99th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

92.37%

QoQ Change

N/A

Total Value

$40.3T

Shares Outstanding

657.0M

Crowding AnalysisHighly Crowded

Holders1,290of 5,944

Avg: 68

Uncrowded99th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.34x

98th percentile

746 buying557 selling

+175

New

-168

Closed

+20.9M

Net shares

Holding Period Distribution

estimate

Median: 4 QAvg: 3.9 QHolders: 1,290

Ownership Concentration

Top 5: 30.4%Top 10: 48.1%

BlackRock,7.5%

VANGUARD CAPITAL MANAGEMENT6.9%

BERKSHIRE HATHAWAY6.6%

Sanders Capital,4.9%

FMR4.5%

Others (1285)69.6%

Loading crowding analysis...

Conviction-Weighted Ownership

Median weight: 0.10%Avg weight: 0.57%Max: 2.33%High conviction (>1%): 3

BlackRock,

VANGUARD CAPITAL MANAGEMENT

BERKSHIRE HATHAWAY

Sanders Capital,

FMR

VANGUARD PORTFOLIO MANAGEMENT

STATE STREET

Capital International Investors

HARRIS ASSOCIATES L P

GEODE CAPITAL MANAGEMENT,

Loading conviction analysis...

Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$2.8B41.9M shr

NEWBERKSHIRE HATHAWAY$2.6B39.8M shr

NEWVANGUARD PORTFOLIO MANAGEMENT$1.8B27.4M shr

SOLDCapital International Investors$242M3.6M shr

SOLDHARRIS ASSOCIATES L P$111M1.7M shr

NEWWELLINGTON MANAGEMENT GROUP LLP$959M13.8M shr

BOUGHTFMR$544M7.8M shr

BOUGHTHARRIS ASSOCIATES L P$426M6.1M shr

BOUGHTCapital International Investors$70M1.0M shr

SOLDPRIMECAP MANAGEMENT CO/CA$49M700K shr

Loading whale moves...

Institutional Trends (8 Quarters)

Loading ownership trends...

Institutional Holders

Loading top holders...