Delta Accumulation, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Delta Accumulation, LLC reported 22 stock positions worth $47.1 million. Its top holding was Costco Wholesale (COST) at 69.1% of the portfolio, followed by JPMorgan Chase (JPM, 10.3%) and PNC Financial Services (PNC, 3.2%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 8 and reduced 1. The biggest buy was a new position in Costco Wholesale (COST) and the biggest sale an exit from US Bancorp (USB).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001808389
- Portfolio Value
- $47.1M (Q2 2025)
- SEC Filing
- 0001808389-25-000004 ↗ filed Aug 13, 2025
Holdings Value
Holdings 22 stocks · $47.1M
| COST Costco Wholesale Corp. | 69.07% | 36,700 | $32.5M | New |
| JPM JPMorgan Chase & Co. | 10.30% | 23,004 | $4.9M | Add +575000.0% |
| PNC PNC Financial Services Group | 3.22% | 8,208 | $1.5M | Add +0.0% |
| META Meta Platforms Inc. Class A | 3.22% | 2,647 | $1.5M | No change |
| PANW Palo Alto Networks Inc. | 2.82% | 7,770 | $1.3M | No change |
| QQQ Invesco QQQ Trust Series 1 | 2.48% | 2,393 | $1.2M | Add +3.7% |
| HCA HCA Healthcare Inc. | 2.16% | 2,500 | $1.0M | No change |
| MSFT Microsoft Corp. | 1.49% | 1,628 | $701K | Add +0.1% |
| NVDA Nvidia Corp. | 1.43% | 5,541 | $673K | Add +10.8% |
| MA Mastercard Inc. Class A | 1.07% | 1,025 | $506K | Add +0.1% |
| ABNB Airbnb Inc. Class A | 1.04% | 3,847 | $488K | No change |
| TSLA Tesla Inc. | 0.77% | 1,395 | $365K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 5,698 | $226K | Add +0.6% |
| SGOV iShares 0-3 Month Treasury B | 0.42% | 1,962 | $198K | Reduce -31.2% |
| TSN Tyson Foods Inc. Class A | 0.02% | 120 | $7K | Add +0.8% |
| WFC Wells Fargo & Co. | 0.01% | 73 | $4K | No change |
| TFC Truist Financial Corp. | 0.00% | 39 | $2K | No change |
| SBUX Starbucks Corp. | 0.00% | 14 | $1K | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.00% | 20 | $1K | No change |
| GIS General Mills Inc. | 0.00% | 7 | $517 | No change |
| DG Dollar General Corp. | 0.00% | 3 | $254 | No change |
| BMY Bristol-Myers Squibb Co. | 0.00% | 2 | $103 | No change |
Options reported separately and not counted above: JPM puts ($181.5M), COST puts ($103.9M), JPM calls ($91.8M), WMT puts ($52.9M), COST calls ($50.0M), WMT calls ($32.0M), PGR puts ($28.4M), PM puts ($25.4M), WMB puts ($24.6M), SPY calls ($23.7M), QQQ puts ($20.9M), CAH puts ($20.2M), and 165 more.
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| COST Costco Wholesale Corp. | New | 69.07% | +69.07 |
| JPM JPMorgan Chase & Co. | Add +575000.0% | 10.30% | +10.29 |
| TSN Tyson Foods Inc. Class A | Add +0.8% | 0.02% | −0.05 |
| BAC Bank of America Corp. | Add +0.6% | 0.48% | −1.52 |
| MA Mastercard Inc. Class A | Add +0.1% | 1.07% | −3.43 |
| NVDA Nvidia Corp. | Add +10.8% | 1.43% | −3.98 |
| MSFT Microsoft Corp. | Add +0.1% | 1.49% | −4.74 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.7% | 2.48% | −7.55 |
| PNC PNC Financial Services Group | Add +0.0% | 3.22% | −10.29 |
Options Activity Q1 2025 → Q2 2025
| JPM JPMorgan Chase & Co. | put | Add +4479.3% | 860,900 | $181.5M |
| COST Costco Wholesale Corp. | put | Reduce -57.6% | 117,200 | $103.9M |
| JPM JPMorgan Chase & Co. | call | Add +2216.0% | 435,400 | $91.8M |
| WMT Walmart Inc. | put | Add +1883.3% | 261,800 | $52.9M |
| COST Costco Wholesale Corp. | call | Reduce -61.7% | 56,400 | $50.0M |
| PGR Progressive Corp. | put | Add +248.3% | 40,400 | $28.4M |
| PM Philip Morris International | put | Add +379.0% | 59,400 | $25.4M |
| WMB Williams Cos Inc. | put | Reduce -85.4% | 24,700 | $24.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -46.1% | 5,500 | $23.7M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -79.0% | 2,000 | $20.9M |
| CAH Cardinal Health Inc. | put | Add +568.3% | 183,100 | $20.2M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -46.1% | 5,500 | $20.2M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -91.6% | 800 | $20.0M |
| BNY Bank of New York Mellon Corp. | put | Add +5.6% | 269,800 | $19.4M |
| CAH Cardinal Health Inc. | call | Add +504.4% | 165,600 | $18.3M |
| BNY Bank of New York Mellon Corp. | call | Add +6.8% | 223,500 | $16.1M |
| TMUS T-Mobile US Inc. | put | Reduce -40.3% | 22,100 | $14.6M |
| ICE Intercontinental Exchange Inc. | put | Add +160.1% | 87,400 | $14.0M |
| ALL Allstate Corp. | put | Reduce -12.4% | 68,500 | $13.0M |
| ALL Allstate Corp. | call | Reduce -12.4% | 68,500 | $13.0M |
| ICE Intercontinental Exchange Inc. | call | Add +83.9% | 79,800 | $12.8M |
| HLT Hilton Worldwide Holdings Inc. | put | Sold out | 49,100 | $11.3Mbefore exit |
| LMT Lockheed Martin Corp. | call | Add +405.4% | 18,700 | $10.9M |
| CL Colgate-Palmolive Co. | call | Reduce -22.6% | 102,900 | $10.7M |
| MCK McKesson Corp. | put | Add +1415.4% | 19,700 | $9.7M |
| CME Cme Group Inc. | call | Add +164.9% | 40,000 | $8.8M |
| CME Cme Group Inc. | put | Add +164.9% | 40,000 | $8.8M |
| OKE Oneok Inc. | put | Sold out | 1,700 | $8.6Mbefore exit |
| MCK McKesson Corp. | call | Add +1092.3% | 15,500 | $7.7M |
| COR Cencora Inc. | put | Add +374.2% | 29,400 | $6.6M |
| COR Cencora Inc. | call | Add +308.1% | 25,300 | $5.7M |
| WFC Wells Fargo & Co. | put | Add +2.7% | 49,900 | $5.7M |
| AXP American Express Co. | call | Reduce -60.0% | 20,700 | $5.6M |
| DHR Danaher Corp. | call | Reduce -16.3% | 17,000 | $4.7M |
| CSCO Cisco Systems Inc. | put | Add +307.2% | 85,100 | $4.5M |
| CSCO Cisco Systems Inc. | call | Add +307.2% | 85,100 | $4.5M |
| MA Mastercard Inc. Class A | put | Add +378.9% | 9,100 | $4.5M |
| AAPL Apple Inc. | put | Sold out | 19,000 | $4.4Mbefore exit |
| DE Deere & Co. | put | Add +62.9% | 10,100 | $4.2M |
| DE Deere & Co. | call | Add +62.9% | 10,100 | $4.2M |
| GS Goldman Sachs Group Inc. | put | Reduce -66.8% | 8,300 | $4.1M |
| C Citigroup Inc. | call | Reduce -27.9% | 65,600 | $4.1M |
| C Citigroup Inc. | put | Reduce -27.9% | 65,600 | $4.1M |
| LMT Lockheed Martin Corp. | put | Add +169.2% | 7,000 | $4.1M |
| MA Mastercard Inc. Class A | call | Add +321.1% | 8,000 | $4.0M |
| BAC Bank of America Corp. | call | Add +18.4% | 98,600 | $3.9M |
| BAC Bank of America Corp. | put | Add +18.4% | 98,600 | $3.9M |
| PG The Procter & Gamble Co. | put | Sold out | 22,100 | $3.8Mbefore exit |
| PG The Procter & Gamble Co. | call | Sold out | 22,100 | $3.8Mbefore exit |
| TSN Tyson Foods Inc. Class A | put | Sold out | 8,900 | $3.8Mbefore exit |
Showing the first 50 of 147.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $35.6M | BNY, C, CMI, PANW, QQQ |
| Q1 2026 | 14 | $27.3M | BNY, C, CAH, CMI, COR |
| Q4 2025Amended | 26 | $98.2M | JPM, WMB, CAH, AXP, META |
| Q3 2025 | 24 | $17.7M | JPM, AXP, PNC, META, PANW |
| Q2 2025 | 22 | $47.1M | COST, JPM, PNC, META, PANW |
| Q1 2025 | 22 | $11.2M | USB, PNC, META, PANW, QQQ |
| Q4 2024 | 23 | $16.1M | USB, META, PANW, NVDA, TSN |
| Q3 2024 | 22 | $15.1M | USB, META, PANW, NVDA, TSN |
| Q2 2024Amended | 27 | $17.9M | ADM, META, PANW, USB, NVDA |
| Q1 2024 | 27 | $16.1M | CSCO, USB, DG, TSN, QQQ |