Delta Accumulation, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Delta Accumulation, LLC reported 14 stock positions worth $27.3 million. Its top holding was Bank of New York Mellon (BNY) at 33.9% of the portfolio, followed by Citigroup (C, 26.6%) and Cardinal Health (CAH, 13.1%). Compared with Q4 2025, it opened 5 new positions, sold out of 17, added to 1 and reduced 4. The biggest buy was a new position in Bank of New York Mellon (BNY) and the biggest sale JPMorgan Chase (JPM, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001808389
- Portfolio Value
- $27.3M (Q1 2026)
- SEC Filing
- 0001808389-26-000008 ↗ filed May 8, 2026
Holdings Value
Holdings 14 stocks · $27.3M
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 33.89% | 78,107 | $9.3M | New |
| C Citigroup Inc. | 26.63% | 64,208 | $7.3M | New |
| CAH Cardinal Health Inc. | 13.06% | 16,901 | $3.6M | Reduce -3.4% |
| CMI Cummins Inc. | 9.64% | 4,900 | $2.6M | New |
| COR Cencora Inc. | 7.35% | 6,400 | $2.0M | New |
| HCA HCA Healthcare Inc. | 3.98% | 2,300 | $1.1M | Reduce -8.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.60% | 14,596 | $712K | Add +153.6% |
| ABNB Airbnb Inc. Class A | 1.78% | 3,847 | $486K | No change |
| BA The Boeing Co. | 1.02% | 1,400 | $279K | New |
| JPM JPMorgan Chase & Co. | 0.03% | 26 | $8K | Reduce -100.0% |
| GS Goldman Sachs Group Inc. | 0.00% | 1 | $846 | Reduce -99.9% |
| DG Dollar General Corp. | 0.00% | 3 | $356 | No change |
| GIS General Mills Inc. | 0.00% | 7 | $261 | No change |
| BMY Bristol-Myers Squibb Co. | 0.00% | 2 | $121 | No change |
Options reported separately and not counted above: BNY puts ($147.4M), BNY calls ($120.8M), JPM calls ($100.6M), CAH puts ($94.6M), JPM puts ($94.3M), CAH calls ($48.8M), CMI puts ($36.4M), COR puts ($32.8M), GD puts ($27.0M), GD calls ($27.0M), CBOE calls ($26.8M), CSCO puts ($25.9M), and 61 more.
Portfolio Sells Q4 2025 → Q1 2026
| JPM JPMorgan Chase & Co. | Reduce -100.0% | 0.03% | −66.04 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −15.02 |
| AXP American Express Co. | Sold out | 0.00% | −3.20 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.78 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −1.50 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −1.46 |
| GS Goldman Sachs Group Inc. | Reduce -99.9% | 0.00% | −1.25 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.05 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.80 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.70 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.64 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.60 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.20 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.01 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.00 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.00 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.00 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.00 |
| HCA HCA Healthcare Inc. | Reduce -8.0% | 3.98% | +2.79 |
| CAH Cardinal Health Inc. | Reduce -3.4% | 13.06% | +9.40 |
Portfolio Buys Q4 2025 → Q1 2026
Options Activity Q4 2025 → Q1 2026
| BNY Bank of New York Mellon Corp. | put | Reduce -10.5% | 1,242,600 | $147.4M |
| WMT Walmart Inc. | put | Sold out | 13,200 | $140.8Mbefore exit |
| BNY Bank of New York Mellon Corp. | call | Add +4.2% | 1,018,200 | $120.8M |
| JPM JPMorgan Chase & Co. | call | Add +8447.5% | 341,900 | $100.6M |
| CAH Cardinal Health Inc. | put | Add +32.9% | 447,500 | $94.6M |
| JPM JPMorgan Chase & Co. | put | Add +79.8% | 320,500 | $94.3M |
| WMT Walmart Inc. | call | Sold out | 13,200 | $89.2Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 5,500 | $60.5Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 5,500 | $55.4Mbefore exit |
| TJX TJX Companies Inc. | put | Sold out | 21,200 | $54.3Mbefore exit |
| WMB Williams Cos Inc. | put | Sold out | 24,700 | $52.8Mbefore exit |
| CAH Cardinal Health Inc. | call | Add +28.1% | 230,900 | $48.8M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 800 | $44.5Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 800 | $43.4Mbefore exit |
| TJX TJX Companies Inc. | call | Sold out | 21,200 | $39.8Mbefore exit |
| CMI Cummins Inc. | put | Add +2.1% | 67,700 | $36.4M |
| MCK McKesson Corp. | put | Sold out | 1,300 | $33.3Mbefore exit |
| COR Cencora Inc. | put | Add +3.0% | 104,400 | $32.8M |
| WELL Welltower Inc. | call | Sold out | 2,800 | $27.4Mbefore exit |
| GD General Dynamics Corp. | put | Reduce -8.9% | 78,700 | $27.0M |
| GD General Dynamics Corp. | call | Reduce -3.3% | 78,700 | $27.0M |
| CBOE Cboe Global Markets Inc. | call | Add +82.6% | 95,300 | $26.8M |
| WELL Welltower Inc. | put | Sold out | 2,800 | $26.7Mbefore exit |
| CSCO Cisco Systems Inc. | put | Add +21.7% | 334,200 | $25.9M |
| CMI Cummins Inc. | call | Add +4.4% | 47,800 | $25.7M |
| COR Cencora Inc. | call | Add +4.1% | 75,400 | $23.7M |
| CBOE Cboe Global Markets Inc. | put | Add +44.4% | 75,400 | $21.2M |
| MCK McKesson Corp. | call | Sold out | 1,300 | $20.8Mbefore exit |
| COST Costco Wholesale Corp. | call | Reduce -34.1% | 20,100 | $20.0M |
| CSCO Cisco Systems Inc. | call | Reduce -4.8% | 255,000 | $19.8M |
| WFC Wells Fargo & Co. | put | Sold out | 21,600 | $17.2Mbefore exit |
| RTX RTX Corp. | put | Sold out | 5,900 | $16.2Mbefore exit |
| RTX RTX Corp. | call | Sold out | 5,900 | $15.1Mbefore exit |
| C Citigroup Inc. | put | Reduce -60.5% | 128,400 | $14.6M |
| C Citigroup Inc. | call | Reduce -33.8% | 128,400 | $14.6M |
| WMB Williams Cos Inc. | call | Sold out | 216,400 | $13.0Mbefore exit |
| FAST Fastenal Co. | put | Sold out | 322,300 | $12.9Mbefore exit |
| MSFT Microsoft Corp. | put | Sold out | 1,200 | $12.4Mbefore exit |
| PGR Progressive Corp. | call | Sold out | 7,600 | $12.3Mbefore exit |
| ABBV Abbvie Inc. | put | Sold out | 53,700 | $12.3Mbefore exit |
| PGR Progressive Corp. | put | Sold out | 7,600 | $12.2Mbefore exit |
| WFC Wells Fargo & Co. | call | Sold out | 21,600 | $12.2Mbefore exit |
| CL Colgate-Palmolive Co. | put | Add +121.7% | 141,000 | $12.0M |
| CL Colgate-Palmolive Co. | call | Add +3.5% | 141,000 | $12.0M |
| JNJ Johnson & Johnson | call | New | 44,500 | $10.9M |
| JNJ Johnson & Johnson | put | New | 44,500 | $10.9M |
| ABBV Abbvie Inc. | call | Sold out | 47,100 | $10.8Mbefore exit |
| FAST Fastenal Co. | call | Sold out | 255,500 | $10.3Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 1,200 | $9.9Mbefore exit |
| LMT Lockheed Martin Corp. | call | Sold out | 2,600 | $9.9Mbefore exit |
Showing the first 50 of 182.
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 |