Delta Global Management LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Delta Global Management LP reported 185 stock positions worth $1.4 billion. Its top holding was Walmart (WMT) at 5.0% of the portfolio, followed by Netflix (NFLX, 4.0%) and Schwab (charles) (SCHW, 3.9%). Compared with Q4 2024, it opened 155 new positions, sold out of 13, added to 15 and reduced 15. The biggest buy was a new position in Intercontinental Exchange (ICE) and the biggest sale Microsoft (MSFT, shares −95%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001992724
Portfolio Value
$1.4B (Q1 2025)
SEC Filing
0001172661-25-002036 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.4B $1.4B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $921.7M Q2 2026

Holdings 185 stocks · $1.4B
WMT Walmart Inc. 4.98% 787,212 $69.1M Reduce -29.5%
NFLX Netflix Inc. 3.95% 58,731 $54.8M Add +87.5%
SCHW Schwab (charles) Corp. 3.87% 685,802 $53.7M Add +25.2%
STX Seagate Technology Holdings 3.83% 625,265 $53.1M Add +32.5%
C Citigroup Inc. 3.62% 707,615 $50.2M Reduce -3.1%
META Meta Platforms Inc. Class A 3.55% 85,490 $49.3M Add +19.6%
BURL Burlington Stores Inc. 3.42% 198,912 $47.4M Reduce -1.3%
ICE Intercontinental Exchange Inc. 3.32% 266,480 $46.0M New
AXP American Express Co. 3.17% 163,459 $44.0M Add +84.5%
CEG Constellation Energy 3.15% 216,298 $43.6M Add +123.7%
HD Home Depot Inc. 3.14% 118,623 $43.5M Add +51.2%
PNC PNC Financial Services Group 2.93% 231,290 $40.7M Add +62.0%
KKR KKR & Co. Inc. 2.74% 328,083 $37.9M Add +42.0%
DLTR Dollar Tree Inc. 2.62% 483,963 $36.3M Add +17.4%
TEAM Atlassian Corp. Class A 2.46% 160,706 $34.1M Add +5.3%
AMZN Amazon.com Inc. 2.44% 178,153 $33.9M Reduce -14.8%
CART Maplebear Inc. 2.41% 839,150 $33.5M Add +46.9%
CBRE CBRE Group Inc. Class A 2.40% 254,251 $33.3M Add +11.3%
KEY Keycorp 2.14% 1,851,404 $29.6M Reduce -19.1%
HBAN Huntington Bancshares Inc. 1.59% 1,470,076 $22.1M Add +143.8%
APP AppLovin Corp. Class A 1.47% 77,138 $20.4M Add +688.6%
TWLO Twilio Inc. Class A 1.42% 200,917 $19.7M Reduce -36.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.35% 447,364 $18.7M New
CRM Salesforce Inc. 1.23% 63,672 $17.1M New
NVDA Nvidia Corp. 1.12% 143,838 $15.6M Reduce -22.7%
ANET Arista Networks Inc. 1.00% 178,758 $13.9M New
AVGO Broadcom Inc. 0.99% 82,165 $13.8M New
TTWO Take-Two Interactive Softwre 0.98% 65,509 $13.6M New
FTNT Fortinet Inc. 0.96% 138,102 $13.3M Reduce -72.2%
NTNX Nutanix Inc. Class A 0.90% 179,532 $12.5M Reduce -42.9%
LITE Lumentum Holdings Inc. 0.85% 188,503 $11.8M New
ALLY Ally Financial Inc. 0.44% 165,603 $6.0M Reduce -32.2%
TOST Toast Inc. Class A 0.42% 175,324 $5.8M New
COF Capital One Financial Corp. 0.22% 16,956 $3.0M New
CIEN Ciena Corp. 0.20% 46,494 $2.8M New
LYV Live Nation Entertainment Inc. 0.20% 21,024 $2.7M New
HES Hess Corp. 0.20% 16,991 $2.7M New
COR Cencora Inc. 0.20% 9,733 $2.7M New
UNH Unitedhealth Group Inc. 0.19% 5,140 $2.7M New
CPRT Copart Inc. 0.19% 47,519 $2.7M New
FANG Diamondback Energy Inc. 0.19% 16,673 $2.7M New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.19% 7,718 $2.7M New
XOM Exxon Mobil Corp. 0.19% 22,387 $2.7M New
OXY Occidental Petroleum Corp. 0.19% 53,781 $2.7M New
V Visa Inc. Class A 0.19% 7,561 $2.6M Reduce -94.4%
CBOE Cboe Global Markets Inc. 0.19% 11,690 $2.6M New
ENPH Enphase Energy Inc. 0.19% 42,604 $2.6M New
WING Wingstop Inc. 0.19% 11,713 $2.6M New
BA The Boeing Co. 0.19% 15,489 $2.6M New
MRSH Marsh & McLennan Cos 0.19% 10,825 $2.6M New
MSI Motorola Solutions Inc. 0.19% 6,028 $2.6M New
FIS Fidelity National Info Serv 0.19% 35,331 $2.6M New
COO The Cooper Cos Inc. 0.19% 31,270 $2.6M New
FDS Factset Research Systems Inc. 0.19% 5,772 $2.6M New
WTW Willis Towers Watson PLC 0.19% 7,764 $2.6M New
ACGL Arch Capital Group Ltd. 0.19% 27,252 $2.6M New
GPN Global Payments Inc. 0.19% 26,761 $2.6M New
PPL PPL Corp. 0.19% 72,202 $2.6M New
MA Mastercard Inc. Class A 0.19% 4,751 $2.6M New
NOC Northrop Grumman Corp. 0.19% 5,086 $2.6M New
GD General Dynamics Corp. 0.19% 9,547 $2.6M New
LW Lamb Weston Holdings Inc. 0.19% 48,809 $2.6M New
AEP American Electric Power 0.19% 23,803 $2.6M New
EOG EOG Resources Inc. 0.19% 20,274 $2.6M New
FCNCA First Citizens Bcshs Class A 0.19% 1,402 $2.6M New
ETSY Etsy Inc. 0.19% 55,054 $2.6M New
MPC Marathon Petroleum Corp. 0.19% 17,828 $2.6M New
CMS CMS Energy Corp. 0.19% 34,566 $2.6M New
ADSK Autodesk Inc. 0.19% 9,888 $2.6M New
EXR Extra Space Storage Inc. 0.19% 17,419 $2.6M New
CDNS Cadence Design SYS Inc. 0.19% 10,149 $2.6M New
ALLE Allegion PLC 0.19% 19,775 $2.6M New
O Realty Income Corp. 0.19% 44,433 $2.6M New
CME Cme Group Inc. 0.19% 9,695 $2.6M New
SYY Sysco Corp. 0.19% 34,270 $2.6M New
ULTA Ulta Beauty Inc. 0.19% 7,009 $2.6M New
ZTS Zoetis Inc. 0.19% 15,602 $2.6M New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.18% 2,596 $2.6M New
MSCI MSCI Inc. 0.18% 4,533 $2.6M New
LIN Linde PLC 0.18% 5,500 $2.6M New
PNR Pentair PLC 0.18% 29,236 $2.6M New
AMD Advanced Micro Devices 0.18% 24,887 $2.6M New
FE Firstenergy Corp. 0.18% 63,251 $2.6M New
VLO Valero Energy Corp. 0.18% 19,353 $2.6M New
SRE Sempra 0.18% 35,817 $2.6M New
ZBRA Zebra Technologies Corp. Class A 0.18% 9,036 $2.6M New
DUK Duke Energy Corp. 0.18% 20,926 $2.6M New
KDP Keurig Dr Pepper Inc. 0.18% 74,560 $2.6M New
ES Eversource Energy 0.18% 41,058 $2.6M New
HOLX Hologic Inc. 0.18% 41,275 $2.5M New
JNJ Johnson & Johnson 0.18% 15,371 $2.5M New
BDX Becton Dickinson and Co. 0.18% 11,115 $2.5M New
QRVO Qorvo Inc. 0.18% 35,102 $2.5M New
IDXX Idexx Laboratories Inc. 0.18% 6,046 $2.5M New
HAL Halliburton Co. 0.18% 100,020 $2.5M New
NTRS Northern Trust Corp. 0.18% 25,707 $2.5M New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.18% 19,694 $2.5M New
JNPR Juniper Networks Inc. 0.18% 69,969 $2.5M New
SHAK Shake Shack Inc. Class A 0.18% 28,696 $2.5M New
PEP Pepsico Inc. 0.18% 16,844 $2.5M New

Show all 185 holdings

Portfolio Sells Q4 2024 → Q1 2025
MSFT Microsoft Corp. Reduce -94.8% 0.17% −4.12
WMT Walmart Inc. Reduce -29.5% 4.98% −3.38
V Visa Inc. Class A Reduce -94.4% 0.19% −3.35
SNPS Synopsys Inc. Reduce -93.0% 0.17% −3.05
FTNT Fortinet Inc. Reduce -72.2% 0.96% −2.93
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −2.45
WDAY Workday Inc. Class A Sold out 0.00% −2.36
HPE Hewlett Packard Enterprise Sold out 0.00% −2.31
MDB Mongodb Inc. Sold out 0.00% −1.57
TWLO Twilio Inc. Class A Reduce -36.2% 1.42% −1.40
AMZN Amazon.com Inc. Reduce -14.8% 2.44% −1.36
BURL Burlington Stores Inc. Reduce -1.3% 3.42% −1.34
ANSS Ansys Inc. Sold out 0.00% −1.19
CMA Comerica Inc. Sold out 0.00% −1.18
LULU Lululemon Athletica Inc. Sold out 0.00% −1.16
KEY Keycorp Reduce -19.1% 2.14% −1.12
GOOGL Alphabet Inc. Class A Sold out 0.00% −1.11
COHR Coherent Corp. Sold out 0.00% −1.04
NVDA Nvidia Corp. Reduce -22.7% 1.12% −0.94
USB US Bancorp Sold out 0.00% −0.78
NTNX Nutanix Inc. Class A Reduce -42.9% 0.90% −0.69
TSLA Tesla Inc. Sold out 0.00% −0.65
C Citigroup Inc. Reduce -3.1% 3.62% −0.64
FIVE Five Below Sold out 0.00% −0.58
FND Floor & Decor Holdings Inc. Class A Reduce -66.2% 0.17% −0.54
MRVL Marvell Technology Inc. Reduce -80.6% 0.05% −0.51
UBER Uber Technologies Inc. Sold out 0.00% −0.50
ALLY Ally Financial Inc. Reduce -32.2% 0.44% −0.29

Portfolio Buys Q4 2024 → Q1 2025
ICE Intercontinental Exchange Inc. New 3.32% +3.32
NFLX Netflix Inc. Add +87.5% 3.95% +1.64
CEG Constellation Energy Add +123.7% 3.15% +1.35
BAC Bank of America Corp. New 1.35% +1.35
CRM Salesforce Inc. New 1.23% +1.23
APP AppLovin Corp. Class A Add +688.6% 1.47% +1.21
ANET Arista Networks Inc. New 1.00% +1.00
AXP American Express Co. Add +84.5% 3.17% +0.99
AVGO Broadcom Inc. New 0.99% +0.99
TTWO Take-Two Interactive Softwre New 0.98% +0.98
LITE Lumentum Holdings Inc. New 0.85% +0.85
HBAN Huntington Bancshares Inc. Add +143.8% 1.59% +0.78
PNC PNC Financial Services Group Add +62.0% 2.93% +0.65
HD Home Depot Inc. Add +51.2% 3.14% +0.61
SCHW Schwab (charles) Corp. Add +25.2% 3.87% +0.51
STX Seagate Technology Holdings Add +32.5% 3.83% +0.46
CART Maplebear Inc. Add +46.9% 2.41% +0.45
TOST Toast Inc. Class A New 0.42% +0.42
COF Capital One Financial Corp. New 0.22% +0.22
CIEN Ciena Corp. New 0.20% +0.20
LYV Live Nation Entertainment Inc. New 0.20% +0.20
HES Hess Corp. New 0.20% +0.20
COR Cencora Inc. New 0.20% +0.20
UNH Unitedhealth Group Inc. New 0.19% +0.19
CPRT Copart Inc. New 0.19% +0.19
FANG Diamondback Energy Inc. New 0.19% +0.19
AJG Arthur J Gallagher & Co. New 0.19% +0.19
XOM Exxon Mobil Corp. New 0.19% +0.19
OXY Occidental Petroleum Corp. New 0.19% +0.19
CBOE Cboe Global Markets Inc. New 0.19% +0.19
ENPH Enphase Energy Inc. New 0.19% +0.19
WING Wingstop Inc. New 0.19% +0.19
BA The Boeing Co. New 0.19% +0.19
MRSH Marsh & McLennan Cos New 0.19% +0.19
MSI Motorola Solutions Inc. New 0.19% +0.19
COO The Cooper Cos Inc. New 0.19% +0.19
FIS Fidelity National Info Serv New 0.19% +0.19
FDS Factset Research Systems Inc. New 0.19% +0.19
WTW Willis Towers Watson PLC New 0.19% +0.19
ACGL Arch Capital Group Ltd. New 0.19% +0.19
GPN Global Payments Inc. New 0.19% +0.19
PPL PPL Corp. New 0.19% +0.19
MA Mastercard Inc. Class A New 0.19% +0.19
NOC Northrop Grumman Corp. New 0.19% +0.19
GD General Dynamics Corp. New 0.19% +0.19
LW Lamb Weston Holdings Inc. New 0.19% +0.19
AEP American Electric Power New 0.19% +0.19
EOG EOG Resources Inc. New 0.19% +0.19
FCNCA First Citizens Bcshs Class A New 0.19% +0.19
ETSY Etsy Inc. New 0.19% +0.19

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 149$921.7MWMT, MKSI, GOOGL, COF, C
Q1 2026 154$1.2BWMT, C, ICE, SCHW, COF
Q4 2025Amended 156$1.4BC, WMT, SCHW, COF, MKSI
Q3 2025 180$1.4BMSFT, NVDA, AMZN, C, HBAN
Q2 2025 170$1.5BMSFT, NVDA, ICE, AMZN, CEG
Q1 2025 185$1.4BWMT, NFLX, SCHW, STX, C
Q4 2024 43$1.2BWMT, BURL, MSFT, C, FTNT
Q3 2024 40$1.5BWMT, MSFT, V, MA, C
Q2 2024 36$1.5BWMT, AMZN, MSFT, V, AAPL
Q1 2024 34$1.3BMSFT, V, AMZN, WMT, MA