DELTA AIR LINES, INC.

**DELTA AIR LINES, INC.** manages $443M across a concentrated portfolio of three key positions. The fund exhibits significant overweighting in the travel and aviation sectors, with its top holding, UP, representing $172.8M. Further substantial allocations are directed toward BEN ($145.8M) and RJET ($124.4M), indicating a focused, sector-specific investment thesis. This structure suggests a high-conviction approach targeting cyclical recovery within the airline and related industries.

📌 Top Holdings