Delta Air Lines, Inc.
US ˙ NYSE ˙ US2473617023

SecurityDAL / Delta Air Lines, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership306,492 shares
Latest Disclosed Value $ 20,375,561
Cwm, Llc reports 28.39% increase in ownership of DAL / Delta Air Lines, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 306,492 shares of Delta Air Lines, Inc. (US:DAL) valued at $20,375,588 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 238,723 shares of Delta Air Lines, Inc.. This represents a change in shares of 28.39% during the quarter. The current value of the position is $24,145,440 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F DELTA AIR LINES COM NEW 247361702 306,492 67,769 28.39 20,376 127,243.75 0.0530
2026-01-26 2025-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 238,723 51,063 27.21 17 60.00 0.0449
2025-10-15 2025-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 187,660 14,503 8.38 11 25.00 0.0320
2025-07-25 2025-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 173,157 95,541 123.09 9 166.67 0.0300
2025-05-01 2025-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 77,616 12,627 19.43 3 0.00 0.0135
2025-02-04 2024-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 64,989 30,070 86.11 4 200.00 0.0163
2024-10-08 2024-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 34,919 16,294 87.48 2 0.0076
2024-07-10 2024-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 18,625 754 4.22 1 0.0042
2024-04-05 2024-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 17,871 2,053 12.98 1 0.0042
2024-02-01 2023-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 15,818 -1,350 -7.86 1 0.0034
2023-10-11 2023-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 17,168 958 5.91 1 0.0039
2023-08-03 2023-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 16,210 894 5.84 1 0.0048
2023-05-01 2023-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 15,316 -477 -3.02 1 0.0036
2023-02-01 2022-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 15,793 849 5.68 1 -100.00 0.0038
2022-10-27 2022-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 14,944 3,629 32.07 419 27.74 0.0033
2022-07-28 2022-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 11,315 -451 -3.83 328 -29.61 0.0025
2022-04-21 2022-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 11,766 -2,593 -18.06 466 -16.93 0.0033
2022-01-31 2021-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 14,359 2,818 24.42 561 12.42 0.0039
2021-09-15 2021-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2021-07-29 2021-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 499 0.0040
2021-09-15 2021-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2021-04-27 2021-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 8,656 -2,885 418 0.0037
2021-09-15 2020-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2021-01-27 2020-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 7,762 -3,779 312 0.0029
2021-09-15 2020-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2020-10-19 2020-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,064 -7,477 124 0.0014
2021-09-15 2020-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2020-07-22 2020-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,850 -7,691 108 0.0013
2021-09-15 2020-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2020-04-28 2020-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 2,941 -8,600 84 0.0013
2021-09-14 2019-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2020-01-27 2019-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 1,587 -9,954 93 0.0012
2021-09-14 2019-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2019-10-22 2019-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,375 -8,166 194 0.0028
2021-09-14 2019-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 0 0.00 499 0.00 0.0040
2019-07-31 2019-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,104 -8,437 176 0.0029
2021-09-02 2019-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,541 10,397 908.83 499 775.44 0.0040
2019-04-22 2019-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 1,085 -59 56 0.0011
2019-01-25 2018-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 1,144 445 63.66 57 42.50 0.0014
2018-10-29 2018-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 699 -2,871 -80.42 40 -77.40 0.0010
2018-07-31 2018-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,570 -73,404 -95.36 177 -95.80 0.0058
2018-04-26 2018-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 76,974 18,079 30.70 4,219 27.93 0.1677
2018-01-16 2017-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 58,895 14,215 31.82 3,298 53.11 0.1464
2017-10-16 2017-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 44,680 44,391 15,360.21 2,154 13,362.50 0.1018
2017-07-17 2017-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 289 63 27.88 16 60.00 0.0008
2017-04-17 2017-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 226 -118 -34.30 10 -41.18 0.0006
2017-01-19 2016-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 344 -105 -23.39 17 -5.56 0.0010
2016-10-17 2016-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 449 -253 -36.04 18 -30.77 0.0012
2016-07-21 2016-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 702 -107 -13.23 26 -33.33 0.0019
2016-04-18 2016-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 809 -110 -11.97 39 -17.02 0.0034
2016-02-01 2015-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 919 -9,445 -91.13 47 -89.89 0.0046
2015-10-30 2015-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 10,364 -218,542 -95.47 465 -95.05 0.0468
2015-07-09 2015-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 228,906 3,825 1.70 9,403 -7.08 0.9021
2015-04-30 2015-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 225,081 -43,377 -16.16 10,120 -23.36 1.0248
2015-02-12 2014-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 268,458 -6,838 -2.48 13,205 32.69 1.6027
2014-11-14 2014-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 275,296 15,259 5.87 9,952 -1.16 1.4450
2014-08-14 2014-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 260,037 22,807 9.61 10,069 22.49 1.8017
2014-05-16 2014-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 237,230 29,713 14.32 8,220 43.46 1.1205
2014-02-14 2013-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 207,517 57,528 38.35 5,730 61.96 0.8939
2013-11-14 2013-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 149,989 149,989 3,538 0.9282
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.