Delta Global Management LP

Quant stat arb Low signal CIK 1992724
League rank
#14
in Quant stat arb · #493 overall
Long book
$1.22B
Q1 2026
Positions
154
Top-10 weight
37%
concentration
Last quarter
+21.3%
SPY +14.8%
Turnover
68%
of book per quarter

Strategy in plain words

auto-generated from filings

Delta Global Management LP is a quantitative fund whose holdings reflect models, not opinions, running a $1.22B US long book across 154 positions.

The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: WALMART INC, CITIGROUP INC, INTERCONTINENTAL EXCHANGE IN, SCHWAB (CHARLES) CORP, CAPITAL ONE FINANCIAL CORP.

Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+4.7%
Q3 2024
+6.9%
Q4 2024
-7.7%
Q1 2025
+15.5%
Q2 2025
+3.6%
Q3 2025
+3.4%
Q4 2025
-4.5%
Q1 2026
+21.3%

Sector allocation

Financials
32%
Technology
27%
Consumer discretionary
16%
Services media
4%
Industrials
4%
Consumer staples
3%
Communications
3%
Real estate
3%

Long book by quarter

$1.31B
Q1 2024
$1.50B
Q2 2024
$1.49B
Q3 2024
$1.21B
Q4 2024
$1.39B
Q1 2025
$1.50B
Q2 2025
$1.36B
Q3 2025
$1.37B
Q4 2025
$1.22B
Q1 2026

What does Delta Global own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
WMT WALMART INCConsumer discretionary559.5K$69.5M5.7%-8.9%
C CITIGROUP INCFinancials511.9K$58.1M4.8%-13.0%
ICE INTERCONTINENTAL EXCHANGE INFinancials325.5K$51.2M4.2%+48.1%
SCHW SCHWAB (CHARLES) CORPFinancials533.5K$50.1M4.1%-6.9%
COF CAPITAL ONE FINANCIAL CORPFinancials267.8K$48.9M4.0%+18.8%
AMZN AMAZON.COM INCConsumer discretionary194.5K$40.5M3.3%+168.8%
SPOT SPOTIFY TECHNOLOGY SACommunications71.8K$34.8M2.8%+20.2%
PEP PEPSICO INCConsumer staples223.7K$34.7M2.8%+50.8%
MKSI MKS INCTechnology151.1K$34.7M2.8%-53.8%
HBAN HUNTINGTON BANCSHARES INCFinancials2.2M$34.2M2.8%+36.5%
NVDA NVIDIA CORPTechnology162.9K$28.4M2.3%-29.7%
IVZ INVESCO LTDFinancials1.1M$27.3M2.2%-16.0%
PNC PNC FINANCIAL SERVICES GROUPFinancials127.5K$26.5M2.2%+83.4%
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary787.2K$25.2M2.1%+32.5%
TOST TOAST INC-CLASS ATechnology938.8K$24.9M2.0%-17.8%
DPZ DOMINO'S PIZZA INCConsumer discretionary67.8K$24.3M2.0%+1139.2%
PANW PALO ALTO NETWORKS INCTechnology148.9K$23.9M2.0%New
DECK DECKERS OUTDOOR CORPOther222.2K$22.2M1.8%+8.5%
JLL JONES LANG LASALLE INCReal estate71.8K$21.9M1.8%+150.9%
SNOW SNOWFLAKE INCTechnology142.7K$21.5M1.8%+13.6%
GOOGL ALPHABET INC-CL ATechnology74.2K$21.3M1.7%-30.6%
BAC BANK OF AMERICA CORPFinancials372.1K$18.1M1.5%+2.6%
SNDK SANDISK CORPTechnology28.2K$17.9M1.5%-73.1%
GFS GLOBALFOUNDRIES INCTechnology391.9K$17.4M1.4%New
AMD ADVANCED MICRO DEVICESTechnology85.4K$17.4M1.4%-43.2%
KVYO KLAVIYO INC-ATechnology847.5K$16.5M1.4%+7.9%
CHYM CHIME FINANCIAL INC-CL AFinancials860.8K$16.1M1.3%+18.0%
CBRE CBRE GROUP INC - AReal estate115.1K$15.6M1.3%-51.8%
DASH DOORDASH INC - AServices media98.9K$14.8M1.2%New
META META PLATFORMS INC-CLASS ATechnology25.7K$14.7M1.2%+27.7%
AEVA AEVA TECHNOLOGIES INCIndustrials1.1M$14.6M1.2%-31.9%
RKT ROCKET COS INC-CLASS AFinancials981.2K$14.0M1.1%+21.4%
MDB MONGODB INCTechnology56.6K$13.9M1.1%-13.8%
BROS DUTCH BROS INC-CLASS AConsumer discretionary265.8K$13.5M1.1%New
MIAX MIAMI INTERNATIONAL HOLDINGSFinancials287.7K$11.2M0.9%+3.1%
RCL ROYAL CARIBBEAN CRUISES LTDIndustrials37.5K$10.3M0.8%+15.4%
HUT HUT 8 CORPFinancials177.6K$8.3M0.7%-30.0%
DDOG DATADOG INC - CLASS ATechnology70.5K$8.3M0.7%+257.0%
AKAM AKAMAI TECHNOLOGIES INCServices media70.5K$8.1M0.7%New
KKR KKR & CO INCFinancials87.4K$8.1M0.7%-17.6%
TWLO TWILIO INC - ATechnology61.2K$7.7M0.6%New
ON ON SEMICONDUCTORTechnology116.3K$7.2M0.6%New
NET CLOUDFLARE INC - CLASS ATechnology31.5K$6.5M0.5%New
MARA MARA HOLDINGS INCFinancials620.6K$5.1M0.4%New
XYZ BLOCK INCTechnology80.8K$4.9M0.4%New
CRM SALESFORCE INCTechnology25.1K$4.7M0.4%New
FICO FAIR ISAAC CORPServices media3.9K$4.2M0.3%-75.4%
GME GAMESTOP CORP-CLASS AConsumer discretionary149.7K$3.4M0.3%New
ZM ZOOM COMMUNICATIONS INCTechnology36.2K$2.9M0.2%New
CHWY CHEWY INC - CLASS AConsumer discretionary104.6K$2.8M0.2%+170.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026154$1.22B canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTFeb 18, 2026156$1.37B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026156$2.16B SEC ↗
Q3 202513F-HRNov 14, 2025180$1.36B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025170$1.50B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025185$1.39B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202543$1.21B canonicalSEC ↗
Q3 202413F-HRNov 14, 202440$1.49B canonicalSEC ↗
Q2 202413F-HRAug 13, 202436$1.50B canonicalSEC ↗
Q1 202413F-HRMay 14, 202434$1.31B canonicalSEC ↗