Delta Global Management LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Delta Global Management LP reported 156 stock positions worth $1.4 billion. Its top holding was Citigroup (C) at 5.0% of the portfolio, followed by Walmart (WMT, 5.0%) and Schwab (charles) (SCHW, 4.2%). Compared with Q3 2025, it opened 48 new positions, sold out of 72, added to 49 and reduced 59. The biggest buy was a new position in Invesco (IVZ) and the biggest sale Microsoft (MSFT, shares −75%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001992724
Portfolio Value
$1.4B (Q4 2025)
SEC Filing
0001172661-26-001273 ↗ filed Feb 18, 2026

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 Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B $1.4B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $921.7M Q2 2026

Holdings 156 stocks · $1.4B
C Citigroup Inc. 5.00% 588,487 $68.7M Add +20.8%
WMT Walmart Inc. 4.98% 614,128 $68.4M Add +54.0%
SCHW Schwab (charles) Corp. 4.17% 573,016 $57.3M Add +16.5%
COF Capital One Financial Corp. 3.98% 225,459 $54.6M Add +11.9%
MKSI MKS Inc. 3.81% 327,390 $52.3M Add +116.0%
NVDA Nvidia Corp. 3.14% 231,705 $43.2M Reduce -33.0%
TOST Toast Inc. Class A 2.95% 1,141,872 $40.5M Add +9.2%
CBRE CBRE Group Inc. Class A 2.79% 238,553 $38.4M Add +35.0%
ICE Intercontinental Exchange Inc. 2.59% 219,839 $35.6M Add +477.7%
IVZ Invesco Ltd. 2.55% 1,336,596 $35.1M New
SPOT Spotify Technology SA 2.52% 59,697 $34.7M Add +2.9%
GOOGL Alphabet Inc. Class A 2.44% 106,933 $33.5M Reduce -4.9%
AMD Advanced Micro Devices 2.34% 150,335 $32.2M Reduce -18.0%
HBAN Huntington Bancshares Inc. 2.02% 1,600,176 $27.8M Reduce -41.7%
MDB Mongodb Inc. 2.01% 65,697 $27.6M Add +18.1%
SNOW Snowflake Inc. 2.00% 125,559 $27.5M Add +57.6%
FICO Fair Isaac Corp. 1.95% 15,880 $26.8M Add +76.0%
ANF Abercrombie & Fitch Co. Class A 1.86% 203,145 $25.6M New
KVYO Klaviyo Inc. Class A 1.86% 785,308 $25.5M Add +52.7%
SNDK Sandisk Corp. 1.81% 104,927 $24.9M New
CMG Chipotle Mexican Grill Inc. 1.60% 594,273 $22.0M New
AEVA Aeva Technologies Inc. 1.57% 1,623,148 $21.6M Add +29.8%
PEP Pepsico Inc. 1.55% 148,400 $21.3M Add +8.9%
DECK Deckers Outdoor Corp. 1.55% 204,876 $21.2M Add +903.6%
STX Seagate Technology Holdings 1.47% 73,120 $20.1M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.45% 362,860 $20.0M Reduce -18.0%
AVGO Broadcom Inc. 1.41% 56,153 $19.4M Add +345.8%
CHYM Chime Financial Inc. Class A 1.34% 729,383 $18.4M Add +1868.5%
MSFT Microsoft Corp. 1.25% 35,616 $17.2M Reduce -74.8%
AMZN Amazon.com Inc. 1.22% 72,373 $16.7M Reduce -68.7%
RKT Rocket Cos Inc. Class A 1.14% 808,084 $15.6M Reduce -33.1%
QRVO Qorvo Inc. 1.14% 185,087 $15.6M Reduce -33.1%
PNC PNC Financial Services Group 1.06% 69,492 $14.5M Reduce -64.4%
ADBE Adobe Inc. 1.01% 39,669 $13.9M Reduce -17.0%
KKR KKR & Co. Inc. 0.98% 106,120 $13.5M Reduce -14.8%
META Meta Platforms Inc. Class A 0.97% 20,144 $13.3M Reduce -67.8%
FIVE Five Below 0.93% 67,497 $12.7M New
MIAX Miami International Holdings 0.90% 279,029 $12.4M Add +452.6%
KEYS Keysight Technologies Inc. 0.86% 58,126 $11.8M Reduce -16.3%
HUT Hut 8 Corp. 0.85% 253,958 $11.7M Add +66.9%
JLL Jones Lang Lasalle Inc. 0.70% 28,628 $9.6M New
RCL Royal Caribbean Cruises Ltd. 0.66% 32,461 $9.1M New
CART Maplebear Inc. 0.63% 192,085 $8.6M Add +13.9%
APP AppLovin Corp. Class A 0.43% 8,690 $5.9M Reduce -62.1%
CRWV Coreweave Inc. Class A 0.39% 74,168 $5.3M New
UWMC Uwm Holdings Corp. 0.38% 1,181,999 $5.2M Add +24.9%
FSLR First Solar Inc. 0.33% 17,480 $4.6M New
TEAM Atlassian Corp. Class A 0.29% 24,437 $4.0M Reduce -29.3%
RIOT Riot Platforms Inc. 0.28% 303,180 $3.8M Reduce -1.2%
GTLB Gitlab Inc. Class A 0.23% 83,053 $3.1M Reduce -29.4%
DDOG Datadog Inc. Class A 0.20% 19,754 $2.7M New
MSI Motorola Solutions Inc. 0.18% 6,607 $2.5M Add +27.3%
WEC WEC Energy Group Inc. 0.18% 23,685 $2.5M New
V Visa Inc. Class A 0.18% 7,039 $2.5M Reduce -7.4%
MSCI MSCI Inc. 0.18% 4,297 $2.5M Reduce -3.2%
AME Ametek Inc. 0.18% 11,987 $2.5M Reduce -9.9%
ROP Roper Technologies Inc. 0.18% 5,528 $2.5M Add +11.6%
MUSA Murphy USA Inc. 0.18% 6,090 $2.5M New
FCNCA First Citizens Bcshs Class A 0.18% 1,145 $2.5M Reduce -14.5%
TDY Teledyne Technologies Inc. 0.18% 4,804 $2.5M Add +8.6%
MA Mastercard Inc. Class A 0.18% 4,294 $2.5M Reduce -3.8%
CTRA Coterra Energy Inc. 0.18% 93,075 $2.4M Reduce -9.3%
LUV Southwest Airlines Co. 0.18% 59,186 $2.4M Reduce -23.0%
AFL Aflac Inc. 0.18% 22,175 $2.4M Reduce -4.1%
UNP Union Pacific Corp. 0.18% 10,560 $2.4M Add +6.6%
HON Honeywell International Inc. 0.18% 12,507 $2.4M Add +5.9%
NOC Northrop Grumman Corp. 0.18% 4,276 $2.4M Add +1.4%
STRL Sterling Infrastructure Inc. 0.18% 7,962 $2.4M New
GWW WW Grainger Inc. 0.18% 2,416 $2.4M Reduce -0.1%
HSIC Henry Schein Inc. 0.18% 32,225 $2.4M Reduce -11.0%
OXY Occidental Petroleum Corp. 0.18% 59,230 $2.4M Add +9.2%
GDDY GoDaddy Inc. Class A 0.18% 19,624 $2.4M Add +13.6%
HUBB Hubbell Inc. 0.18% 5,479 $2.4M Reduce -3.1%
INVH Invitation Homes Inc. 0.18% 87,464 $2.4M Add +7.3%
FITB Fifth Third Bancorp 0.18% 51,846 $2.4M New
LMT Lockheed Martin Corp. 0.18% 5,015 $2.4M Reduce -5.1%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.18% 13,292 $2.4M Reduce -15.4%
CHD Church & Dwight Co. Inc. 0.18% 28,895 $2.4M Add +4.4%
MLM Martin Marietta Materials 0.18% 3,887 $2.4M Reduce -3.8%
WSO Watsco Inc. 0.18% 7,177 $2.4M Add +12.0%
NVR NVR Inc. 0.18% 331 $2.4M Add +10.3%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.17% 19,395 $2.4M New
TXT Textron Inc. 0.17% 27,509 $2.4M Reduce -8.0%
M Macy's Inc. 0.17% 108,338 $2.4M New
ETN Eaton Corp. PLC 0.17% 7,491 $2.4M Add +17.3%
VMC Vulcan Materials Co. 0.17% 8,314 $2.4M Reduce -1.0%
SO The Southern Co. 0.17% 27,147 $2.4M New
TAP Molson Coors Beverage Co. Class B 0.17% 50,564 $2.4M New
CROX Crocs Inc. 0.17% 27,591 $2.4M New
PWR Quanta Services Inc. 0.17% 5,560 $2.3M Reduce -13.2%
OTIS Otis Worldwide Corp. 0.17% 26,657 $2.3M Reduce -4.9%
CDW CDW Corp. 0.17% 16,992 $2.3M Add +16.1%
LNG Cheniere Energy Inc. 0.17% 11,875 $2.3M Add +14.8%
KLAR Klarna Group PLC 0.17% 79,847 $2.3M New
D Dominion Energy Inc. 0.17% 39,341 $2.3M New
AEP American Electric Power 0.17% 19,975 $2.3M New
RGLD Royal Gold Inc. 0.17% 10,323 $2.3M New
AR Antero Resources Corp. 0.17% 66,450 $2.3M Reduce -14.0%
MAR Marriott International Class A 0.17% 7,367 $2.3M Reduce -8.7%
TT Trane Technologies PLC 0.17% 5,866 $2.3M New
DPZ Domino's Pizza Inc. 0.17% 5,469 $2.3M Add +2.1%
SHW The Sherwin-Williams Co. 0.16% 6,984 $2.3M Reduce -0.1%
MRSH Marsh & McLennan Cos 0.16% 12,157 $2.3M Add +0.4%
AMT American Tower Corp. 0.16% 12,746 $2.2M Add +5.8%
PGR Progressive Corp. 0.16% 9,812 $2.2M New
LIN Linde PLC 0.16% 5,203 $2.2M Add +0.3%
CRDO Credo Technology Group Holdi 0.16% 15,365 $2.2M New
OKLO Oklo Inc. 0.16% 30,747 $2.2M New
WDAY Workday Inc. Class A 0.16% 10,263 $2.2M Reduce -4.1%
ALK Alaska Air Group Inc. 0.16% 43,736 $2.2M New
TMUS T-Mobile US Inc. 0.16% 10,803 $2.2M New
CNK Cinemark Holdings Inc. 0.16% 92,928 $2.2M Add +2.6%
EQT Eqt Corp. 0.16% 40,243 $2.2M New
CSGP Costar Group Inc. 0.16% 31,841 $2.1M New
VRSK Verisk Analytics Inc. 0.15% 9,512 $2.1M Reduce -0.0%
AMP Ameriprise Financial Inc. 0.15% 4,323 $2.1M Reduce -14.9%
DUK Duke Energy Corp. 0.15% 17,893 $2.1M Reduce -11.8%
DLR Digital Realty Trust Inc. 0.15% 13,513 $2.1M Reduce -6.0%
BRO Brown & Brown Inc. 0.15% 26,228 $2.1M Add +0.8%
CPB The Campbell's Company 0.15% 74,023 $2.1M Add +3.7%
CME Cme Group Inc. 0.15% 7,402 $2.0M Reduce -22.6%
JPM JPMorgan Chase & Co. 0.14% 6,010 $1.9M Add +1.5%
EW Edwards Lifesciences Corp. 0.14% 22,175 $1.9M New
CNP Centerpoint Energy Inc. 0.13% 48,347 $1.9M New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.12% 6,620 $1.7M Reduce -20.5%
RPRX Royalty Pharma PLC Class A 0.12% 44,314 $1.7M New
FTV Fortive Corp. 0.12% 29,881 $1.6M Reduce -31.9%
ABNB Airbnb Inc. Class A 0.11% 11,554 $1.6M Reduce -41.3%
KO The Coca-Cola Co. 0.10% 19,649 $1.4M New
NXPI NXP Semiconductors NV 0.10% 6,244 $1.4M New
PG The Procter & Gamble Co. 0.09% 8,970 $1.3M Add +0.8%
CHWY Chewy Inc. Class A 0.09% 38,663 $1.3M New
WCN Waste Connections Inc. 0.09% 7,205 $1.3M Reduce -49.9%
MOD Modine Manufacturing Co. 0.09% 9,280 $1.2M New
CL Colgate-Palmolive Co. 0.09% 14,867 $1.2M Add +1.5%
SYY Sysco Corp. 0.08% 15,502 $1.1M Add +0.1%
HPQ HP Inc. 0.08% 49,570 $1.1M Reduce -31.6%
TSLA Tesla Inc. 0.08% 2,390 $1.1M Reduce -82.6%
STZ Constellation Brands Inc. Class A 0.07% 7,248 $1000K Reduce -58.6%
CMS CMS Energy Corp. 0.07% 13,377 $935K New
BLSH Bullish 0.06% 23,500 $890K New
MOS The Mosaic Co. 0.06% 34,304 $826K New
MCD McDonald's Corp. 0.06% 2,673 $817K New
CTSH Cognizant Tech Solutions-A 0.05% 8,900 $739K Reduce -75.4%
ACGL Arch Capital Group Ltd. 0.05% 7,577 $727K Reduce -72.5%
TDG Transdigm Group Inc. 0.05% 542 $721K New
PNFP Pinnacle Financial Partners 0.04% 6,361 $607K New
FAST Fastenal Co. 0.04% 14,216 $570K New
DAVE Dave Inc. 0.04% 2,452 $543K New
CLX Clorox Company 0.04% 5,354 $540K Reduce -73.6%
ROST Ross Stores Inc. 0.04% 2,853 $514K Reduce -83.0%
DINO HF Sinclair Corp. 0.04% 10,753 $495K New
EXE Expand Energy Corp. 0.04% 4,421 $488K Reduce -82.6%
PEN Penumbra Inc. 0.03% 1,345 $418K Reduce -83.0%
OMC Omnicom Group 0.03% 4,774 $386K Add +6.8%
TTWO Take-Two Interactive Softwre 0.02% 1,317 $337K Reduce -48.1%

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -74.8% 1.25% −4.11
CEG Constellation Energy Sold out 0.00% −2.57
AMZN Amazon.com Inc. Reduce -68.7% 1.22% −2.50
META Meta Platforms Inc. Class A Reduce -67.8% 0.97% −2.40
PNC PNC Financial Services Group Reduce -64.4% 1.06% −1.82
NFLX Netflix Inc. Sold out 0.00% −1.72
NVDA Nvidia Corp. Reduce -33.0% 3.14% −1.58
HBAN Huntington Bancshares Inc. Reduce -41.7% 2.02% −1.45
CIEN Ciena Corp. Sold out 0.00% −1.31
APP AppLovin Corp. Class A Reduce -62.1% 0.43% −0.78
QRVO Qorvo Inc. Reduce -33.1% 1.14% −0.71
RKT Rocket Cos Inc. Class A Reduce -33.1% 1.14% −0.58
CFLT Confluent Inc. Class A Sold out 0.00% −0.44
TSLA Tesla Inc. Reduce -82.6% 0.08% −0.37
FTNT Fortinet Inc. Sold out 0.00% −0.29
RDDT Reddit Inc. Class A Sold out 0.00% −0.23
ADBE Adobe Inc. Reduce -17.0% 1.01% −0.23
BAC Bank of America Corp. Reduce -18.0% 1.45% −0.22
CNC Centene Corp. Sold out 0.00% −0.21
KKR KKR & Co. Inc. Reduce -14.8% 0.98% −0.20
HAL Halliburton Co. Sold out 0.00% −0.20
AAPL Apple Inc. Sold out 0.00% −0.20
MOH Molina Healthcare Inc. Sold out 0.00% −0.20
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.19
CZR Caesars Entertainment Inc. Sold out 0.00% −0.19
COR Cencora Inc. Sold out 0.00% −0.19
LLY Eli Lilly & Co. Sold out 0.00% −0.19
MNST Monster Beverage Corp. Sold out 0.00% −0.19
LULU Lululemon Athletica Inc. Sold out 0.00% −0.19
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.19
RNR Renaissancere Holdings Ltd. Sold out 0.00% −0.19
K Kellanova Sold out 0.00% −0.19
TJX TJX Companies Inc. Sold out 0.00% −0.19
ATO Atmos Energy Corp. Sold out 0.00% −0.19
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.19
IT Gartner Inc. Sold out 0.00% −0.19
ACN Accenture PLC Class A Sold out 0.00% −0.19
IEX Idex Corp. Sold out 0.00% −0.19
ED Consolidated Edison Inc. Sold out 0.00% −0.18
EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.18
FWONK Liberty Media Corp. Class C Sold out 0.00% −0.18
AWK American Water Works Co. Inc. Sold out 0.00% −0.18
BA The Boeing Co. Sold out 0.00% −0.18
SLB SLB Ltd. Sold out 0.00% −0.18
H Hyatt Hotels Corp. Class A Sold out 0.00% −0.18
FDS Factset Research Systems Inc. Sold out 0.00% −0.18
EQIX Equinix Inc. Sold out 0.00% −0.18
AKAM Akamai Technologies Inc. Sold out 0.00% −0.18
AVY Avery Dennison Corp. Sold out 0.00% −0.18
PYPL PayPal Holdings Inc. Sold out 0.00% −0.18

Portfolio Buys Q3 2025 → Q4 2025
IVZ Invesco Ltd. New 2.55% +2.55
MKSI MKS Inc. Add +116.0% 3.81% +2.43
ICE Intercontinental Exchange Inc. Add +477.7% 2.59% +2.12
WMT Walmart Inc. Add +54.0% 4.98% +1.97
ANF Abercrombie & Fitch Co. Class A New 1.86% +1.86
SNDK Sandisk Corp. New 1.81% +1.81
CMG Chipotle Mexican Grill Inc. New 1.60% +1.60
STX Seagate Technology Holdings New 1.47% +1.47
DECK Deckers Outdoor Corp. Add +903.6% 1.55% +1.39
C Citigroup Inc. Add +20.8% 5.00% +1.37
CHYM Chime Financial Inc. Class A Add +1868.5% 1.34% +1.28
AVGO Broadcom Inc. Add +345.8% 1.41% +1.11
FICO Fair Isaac Corp. Add +76.0% 1.95% +0.96
FIVE Five Below New 0.93% +0.93
COF Capital One Financial Corp. Add +11.9% 3.98% +0.84
KVYO Klaviyo Inc. Class A Add +52.7% 1.86% +0.81
MIAX Miami International Holdings Add +452.6% 0.90% +0.75
CBRE CBRE Group Inc. Class A Add +35.0% 2.79% +0.75
MDB Mongodb Inc. Add +18.1% 2.01% +0.74
SCHW Schwab (charles) Corp. Add +16.5% 4.17% +0.73
JLL Jones Lang Lasalle Inc. New 0.70% +0.70
SNOW Snowflake Inc. Add +57.6% 2.00% +0.69
RCL Royal Caribbean Cruises Ltd. New 0.66% +0.66
HUT Hut 8 Corp. Add +66.9% 0.85% +0.46
CRWV Coreweave Inc. Class A New 0.39% +0.39
FSLR First Solar Inc. New 0.33% +0.33
AEVA Aeva Technologies Inc. Add +29.8% 1.57% +0.24
DDOG Datadog Inc. Class A New 0.20% +0.20
WEC WEC Energy Group Inc. New 0.18% +0.18
MUSA Murphy USA Inc. New 0.18% +0.18
STRL Sterling Infrastructure Inc. New 0.18% +0.18
FITB Fifth Third Bancorp New 0.18% +0.18
SUI Sun Communities Inc. New 0.17% +0.17
CART Maplebear Inc. Add +13.9% 0.63% +0.17
M Macy's Inc. New 0.17% +0.17
SO The Southern Co. New 0.17% +0.17
CROX Crocs Inc. New 0.17% +0.17
TAP Molson Coors Beverage Co. Class B New 0.17% +0.17
KLAR Klarna Group PLC New 0.17% +0.17
D Dominion Energy Inc. New 0.17% +0.17
AEP American Electric Power New 0.17% +0.17
RGLD Royal Gold Inc. New 0.17% +0.17
TT Trane Technologies PLC New 0.17% +0.17
PGR Progressive Corp. New 0.16% +0.16
CRDO Credo Technology Group Holdi New 0.16% +0.16
OKLO Oklo Inc. New 0.16% +0.16
ALK Alaska Air Group Inc. New 0.16% +0.16
TMUS T-Mobile US Inc. New 0.16% +0.16
EQT Eqt Corp. New 0.16% +0.16
CSGP Costar Group Inc. New 0.16% +0.16

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