Delta Air Lines, Inc.
Delta Air Lines, Inc. (DAL) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · DAL · as of Sep 30, 2025
Ownership Breakdown
1,312
Institutional Holders
▲ 43 vs Q2
$32.14B
Total Inst. Value
▲ $6.19B vs Q2
656.99M
Shares Outstanding
freeFloat 98.78%
532.02M
13F Shares Held
▼ 3.28M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
DAL largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC air transportation, scheduled | 74.37M | 11.48% | 11.48% | $4.22T | Nov 7, 2025 | ▼ 201.7K |
BLACKROCK, INC. air transportation, scheduled | 45.05M | 6.95% | 6.95% | $2.56T | Nov 12, 2025 | ▼ 1.02M |
SANDERS CAPITAL, LLC air transportation, scheduled | 29.53M | 4.56% | 4.56% | $1.68T | Nov 13, 2025 | ▼ 843.6K |
CAPITAL INTERNATIONAL INVESTORS air transportation, scheduled | 23.20M | 3.58% | 3.58% | $1.32T | Nov 13, 2025 | ▼ 1.74M |
STATE STREET CORP air transportation, scheduled | 23.00M | 3.55% | 3.55% | $1.31T | Nov 14, 2025 | ▼ 61.9K |
FMR LLC air transportation, scheduled | 19.57M | 3.02% | 3.02% | $1.11T | Nov 13, 2025 | ▲ 9.60M |
PRIMECAP MANAGEMENT CO/CA/ air transportation, scheduled | 18.29M | 2.82% | 2.82% | $1.04T | Nov 12, 2025 | ▼ 1.90M |
GEODE CAPITAL MANAGEMENT, LLC air transportation, scheduled | 17.21M | 2.66% | 2.66% | $981.47B | Nov 12, 2025 | ▲ 453.0K |
HARRIS ASSOCIATES L P air transportation, scheduled | 13.52M | 2.09% | 2.09% | $767.37B | Nov 14, 2025 | ▼ 526.8K |
MORGAN STANLEY air transportation, scheduled | 12.25M | 1.89% | 1.89% | $695.43B | May 27, 2026 | ▼ 804.9K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
25
Increased
+35.54M shares0
New Positions
first time holders24
Decreased
−14.25M shares0
Sold Out
fully exitedNet shares change (top 50)
+21.28M
+35.54M / −14.25M
Net new holders
+1
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
DAL insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
8
Buy transactions
11
Sell transactions
0.73
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Ausband Allison C EVP & Chief People Officer | May 26, 2026 | Sale | 5,000 | $79.00 | $395.0K | 133.9K | Form 4 ↗ |
Ausband Allison C EVP & Chief People Officer | May 27, 2026 | Sale | 5,000 | $80.90 | $404.5K | 128.9K | Form 4 ↗ |
BELLEMARE ALAIN EVP & Pres. - International | May 27, 2026 | Sale | 25,000 | $81.44 | $2.04M | 95.0K | Form 4 ↗ |
Ausband Allison C EVP & Chief People Officer | May 21, 2026 | Sale | 5,000 | $73.50 | $367.5K | 138.9K | Form 4 ↗ |
Ausband Allison C EVP & Chief People Officer | May 22, 2026 | Sale | 9,710 | $76.00 | $738.0K | 138.9K | Form 4 ↗ |
BELLEMARE ALAIN EVP & Pres. - International | May 7, 2026 | Sale | 20,621 | $72.75 | $1.50M | 120.0K | Form 4 ↗ |
McConnell Julia Ann SVP, Controller & CAO | Apr 22, 2026 | Award | 740 | — | — | 18.7K | Form 4 ↗ |
Laughter John E EVP & Chief of Operations | Apr 14, 2026 | Sale | 15,000 | $71.61 | $1.07M | 54.4K | Form 4 ↗ |
Laughter John E EVP & Chief of Operations | Apr 10, 2026 | Sale | 69,304 | $68.15 | $4.72M | 69.4K | Form 4 ↗ |
Janki Daniel C. EVP & Chief Operating Officer | Apr 1, 2026 | Award | 5,550 | — | — | 381.9K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Delta Air Lines, Inc. (DAL) is primarily owned by institutional investors, who hold approximately 81.0% of total shares outstanding. Company insiders own approximately 1.22%, while retail and public investors account for the remaining 17.81%.
The largest institutional shareholder of Delta Air Lines, Inc. is VANGUARD GROUP INC, holding approximately 74.37 million shares — equal to 11.48% of outstanding shares — as of September 30, 2025.
A total of 1,312 institutional investors currently hold DAL stock, with a combined institutional value of approximately $32.14 billion as of the most recent 13F filing period.
Frequently asked questions
DAL ownershipDelta Air Lines, Inc. (DAL) is primarily owned by institutional investors, who hold approximately 81.0% of shares. The largest shareholder is VANGUARD GROUP INC with a 11.48% stake. Company insiders hold 1.22%. Data sourced from SEC Form 13F as of September 30, 2025.