Delta Air Lines, Inc. (NYSE:DAL) topped the list of the most popular transportation stocks among hedge funds. It ranked number six in Insider Monkey's most popular stocks list for the second quarter, with 114 hedge funds having ownership of the stock on June 30. That was down by two against the previous quarter, with a 2% decline in aggregate hedge fund holdings. The shares of Delta Air Lines, Inc. (NYSE:DAL) dropped by 8.63% during the second quarter, indicating that the hedge funds made additional purchases in the specified period. The airliner recently announced buying a 3.55% stake in China Eastern Airlines, helping it improve its exposure to the Asian markets. Lansdowne Partners was the largest shareholder of Delta Air Lines, with 26.55 million shares, followed by Iridian Asset Management holding 13.07 million shares of the airline.