Kawa Capital Ditches Entire $6.5 Million Stake in Delek, According to Recent SEC Filing

Key Points

Kawa Capital Management, Inc sold 200,000 shares of Delek US Holdings, an estimated $6.45 million trade based on quarterly average pricing Net position value for the stake fell by $6.45 million, reflecting the sale Fund held zero shares post-trade, with the position valued at $0 The stake was previously 11.7% of fund AUM as of the prior quarter These 10 stocks could mint the next wave of millionaires ›

On January 21, 2026, Kawa Capital Management, Inc disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold out its entire position in Delek US Holdings(NYSE:DK), unloading 200,000 shares for an estimated $6.45 million based on quarterly average pricing.

What Happened

According to a January 21, 2026, SEC filing, Kawa Capital Management, Inc sold its entire 200,000-share position in Delek US Holdings during the fourth quarter. The estimated transaction value, based on the quarter’s average share price, was $6.45 million. The quarter-end value for the position declined by $6.45 million, as the fund fully exited its stake. The position was previously 11.7% of the fund’s AUM as of the prior quarter.

What Else to Know

Kawa Capital Management, Inc's sale of Delek US Holdings eliminated a position that previously made up 11.7% of 13F AUM as of the prior quarter. Post-sale, the position accounts for none of AUM.

Fund’s top holdings after the filing:

NYSE:BDN: $15.73 million (36.37% of AUM) NYSE:ONL: $12.54 million (28.99% of AUM) NYSE:ARE: $7.93 million (18.33% of AUM) NYSE:VALE: $7.05 million (16.31% of AUM)

As of January 20, 2026, Delek US Holdings shares were priced at $26.68, up 45.47% over the past year, outperforming the S&P 500 by 28.34 percentage points.

Company Overview

Metric Value Revenue (TTM) $10.67 billion Net income (TTM) ($453.50 million) Dividend yield 3.63% Price (as of market close January 20, 2026) $26.68

Company Snapshot

Produces and markets refined petroleum products, including gasoline, diesel, aviation fuel, asphalt, and operates convenience retail stores primarily in West Texas and New Mexico. Generates revenue through integrated operations spanning crude oil refining, logistics (pipelines, storage, terminals), and retail fuel and merchandise sales. Serves oil companies, independent refiners and marketers, distributors, transportation companies, government entities, and retail fuel consumers.

Delek US Holdings, Inc. is a diversified downstream energy company with a significant presence in oil refining, logistics, and retail fuel distribution across the southern United States. The company leverages its integrated infrastructure—including four refineries, extensive pipeline networks, and a large retail footprint—to drive operational efficiency and market reach. Its strategy focuses on capturing value across the supply chain, from crude oil sourcing to end-consumer sales, positioning itself competitively in the energy sector.

Story Continues

What This Transaction Means For Investors

Kawa Capital, a Florida-based alternative asset manager, recently closed its entire stake in Delek US Holdings stock. Here’s what it means for retail investors.

First off, it’s important to note what Delek does. Through its refineries, pipelines, and retail operations, Delek is positioned at the ‘downstream’ segment of the energy sector. As such, margins tend to be tight and can fluctuate wildly based on a variety of factors.

Therefore, it’s no surprise that Delek’s quarterly operating margin has been as high as 11.3% and as low as -7.5% over the last year alone. Over the last five years, the company’s average operating margin stands at 0.5%.

For investors, this pattern can lead to a whipsaw effect. Shares of Dalek have generated a total return of 60% over the last five years, but those gains have come with plenty of volatility. Shares have soared as much as 136%, and there have also been several drawdowns of 30% or more.

In summary, Delek stock is not for the faint of heart. While the stock has generated exceptional returns during its rallies, its high volatility may make it unappealing to investors unwilling to ride out deep and prolonged drawdowns. In short, this stock may be better suited to traders rather than long-term investors.

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Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alexandria Real Estate Equities. The Motley Fool recommends Delek Us. The Motley Fool has a disclosure policy.

Kawa Capital Ditches Entire $6.5 Million Stake in Delek, According to Recent SEC Filing was originally published by The Motley Fool

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