SecurityDAL / Delta Air Lines, Inc.
InstitutionTide Point Capital Management, Lp
Shares1,611,079
Value $ 88,303,000
Related 247358AA2 / Delta Air Lines 4.75% 05/07/20

Tide Point Capital Management, Lp reports 97.10% increase in ownership of DAL / Delta Air Lines, Inc.

May 15, 2018 - Tide Point Capital Management, Lp has filed a 13F-HR form disclosing ownership of 1,611,079 shares of Delta Air Lines, Inc. (NYSE:DAL) with total holdings valued at $88,303,000 USD as of March 31, 2018. Tide Point Capital Management, Lp had filed a previous 13F-HR on February 14, 2018 disclosing 817,409 shares of Delta Air Lines, Inc. at a value of $45,775,000 USD. This represents a change in shares of 97.10 percent and a change in value of 92.91 percent during the quarter.

Tide Point Capital Management, Lp has a history of taking positions in derivatives of the underlying security (DAL) in the form of stock options. The firm currently holds 0 call options valued at $0 USD .

Other investors with positions similar to Tide Point Capital Management, Lp include Us Bancorp \de\, Brown Advisory Inc, California Public Employees Retirement System, Hermes Investment Management Ltd, New York State Common Retirement Fund, and Lmm Llc.

DELTA AIR LINES INC /DE/ has declared a standard industrial code (sic) of 4512 which is the "Air Transportation, Scheduled" industry. Tide Point Capital Management, Lp's top industries are "Metal Mining" (sic 10), "Fabricated Metal Products, Except Machinery And Transportation Equipment" (sic 34), and "Security And Commodity Brokers, Dealers, Exchanges, And Services" (sic 62).

13F Filings

The Security, Class, and CUSIP columns 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 and cusips.

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.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 55.40 1,611,079 97.10 88,303 92.91 43,973 -1,445 -3.16
2017-12-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 52.11 817,409 -29.58 45,775 -18.22 -17,890 7,695 13.75
2017-09-30 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 1,160,713 55,970 55,970 0
2016-03-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 0 -100.00 0 -100.00 0 0
2015-12-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 47.78 700,000 -3.45 35,483 9.07 -1,195 4,147 12.75
2015-09-30 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 42.98 725,000 190.00 32,531 216.76 20,413 1,848 17.99
2015-06-30 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 43.02 250,000 -40.48 10,270 -45.61 -7,313 -1,300 -6.88
2015-03-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 47.07 420,000 -11.58 18,883 -19.18 -2,589 -1,893 -8.10
2014-12-31 13F-HR/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 49.19 475,000 0.00 23,365 0.00 0 0 0.00
2014-12-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 475,000 23,365

Call Options

Effective
Date
Form Security Class CUSIP Opt Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2017-12-31 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 Call 0 -100.00 0 -100.00 0 0
2017-09-30 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 Call 527,500 25,436 25,436 0
2015-09-30 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 Call 0 -100.00 0 -100.00 0 0
2015-06-30 13F-HR DELTA AIR LINES INC DEL COM NEW 247361702 Call 400,000 16,432


CUSIP: 247361702