DELTA AIR LINES INC DEL

Ticker: DAL CUSIP: 247361702 Class: COM NEW

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 10,000 Value ($000) $694 Avg Close $62.45 Range $55.03 - $72.34

Q3 2025

Shares 6,771 Value ($000) $384 Avg Close $56.83 Range $47.92 - $63.72

Q2 2025

Shares 14,228 Value ($000) $700 Avg Close $45.56 Range $34.41 - $53.05

Q1 2025

Shares 21,804 Value ($000) $951 Avg Close $58.63 Range $40.39 - $69.15

Q4 2024

Shares 58,953 Value ($000) $3,567 Avg Close $58.33 Range $46.21 - $66.70

Q3 2024

Shares 6,678 Value ($000) $339 Avg Close $42.88 Range $36.74 - $51.68

Q2 2024

Shares 6,168 Value ($000) $293 Avg Close $48.81 Range $44.54 - $52.88

Q1 2024

Shares 21,240 Value ($000) $1,017 Avg Close $40.46 Range $35.53 - $47.10

Q2 2023

Shares 35,000 Value ($000) $1,664 Avg Close $35.89 Range $31.56 - $46.43

Q1 2023

Shares 31,421 Value ($000) $1,097 Avg Close $36.09 Range $30.20 - $39.24

Q4 2022

Shares 78,020 Value ($000) $2,564 Avg Close $32.24 Range $26.46 - $35.88

Q3 2022

Shares 26,284 Value ($000) $737 Avg Close $30.90 Range $27.04 - $34.82

Q1 2022

Shares 26,062 Value ($000) $1,031 Avg Close $37.88 Range $28.94 - $43.91

Q4 2021

Shares 59,007 Value ($000) $2,305 Avg Close $38.94 Range $32.49 - $44.75

Q4 2020

Shares 225,000 Value ($000) $9,047 Avg Close $35.38 Range $27.96 - $42.57

Q3 2020

Shares 170,000 Value ($000) $5,198 Avg Close $28.05 Range $23.72 - $34.12

Q3 2018

Shares 59,614 Value ($000) $3,447 Avg Close $51.39 Range $45.05 - $56.30

Q2 2018

Shares 18,963 Value ($000) $939 Avg Close $49.40 Range $45.54 - $52.10

Q1 2018

Shares 19,736 Value ($000) $1,082 Avg Close $50.74 Range $44.52 - $55.78

Q4 2017

Shares 19,736 Value ($000) $1,105 Avg Close $47.79 Range $43.68 - $52.16

Q3 2015

Shares 23,000 Value ($000) $1,032 Avg Close $39.55 Range $30.52 - $42.59

Q2 2015

Shares 32,800 Value ($000) $1,347 Avg Close $38.40 Range $34.26 - $42.19

Q1 2015

Shares 32,735 Value ($000) $1,472 Avg Close $40.65 Range $37.38 - $44.71

Q4 2013

Shares 12,700 Value ($000) $349 Avg Close $23.32 Range $20.48 - $25.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,000	$694	$62.45	$55.03 - $72.34
Q3 2025	6,771	$384	$56.83	$47.92 - $63.72
Q2 2025	14,228	$700	$45.56	$34.41 - $53.05
Q1 2025	21,804	$951	$58.63	$40.39 - $69.15
Q4 2024	58,953	$3,567	$58.33	$46.21 - $66.70
Q3 2024	6,678	$339	$42.88	$36.74 - $51.68
Q2 2024	6,168	$293	$48.81	$44.54 - $52.88
Q1 2024	21,240	$1,017	$40.46	$35.53 - $47.10
Q2 2023	35,000	$1,664	$35.89	$31.56 - $46.43
Q1 2023	31,421	$1,097	$36.09	$30.20 - $39.24
Q4 2022	78,020	$2,564	$32.24	$26.46 - $35.88
Q3 2022	26,284	$737	$30.90	$27.04 - $34.82
Q1 2022	26,062	$1,031	$37.88	$28.94 - $43.91
Q4 2021	59,007	$2,305	$38.94	$32.49 - $44.75
Q4 2020	225,000	$9,047	$35.38	$27.96 - $42.57
Q3 2020	170,000	$5,198	$28.05	$23.72 - $34.12
Q3 2018	59,614	$3,447	$51.39	$45.05 - $56.30
Q2 2018	18,963	$939	$49.40	$45.54 - $52.10
Q1 2018	19,736	$1,082	$50.74	$44.52 - $55.78
Q4 2017	19,736	$1,105	$47.79	$43.68 - $52.16
Q3 2015	23,000	$1,032	$39.55	$30.52 - $42.59
Q2 2015	32,800	$1,347	$38.40	$34.26 - $42.19
Q1 2015	32,735	$1,472	$40.65	$37.38 - $44.71
Q4 2013	12,700	$349	$23.32	$20.48 - $25.57