SOUTHWEST AIRLS CO LUV
COM · Common Stock · CUSIP 844741108 · ISIN US8447411088
Airline of the United States
- SectorIndustrials
- IndustryAir Transportation, Scheduled
- HeadquartersDallas, TX
- Founded1967
- Websitesouthwest.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($26.8m this quarter). Holder counts are more reliable. Shares outstanding: 595.1m as of 2023-04-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $32.55. Options: 38 managers hold calls ($241.5m notional), 41 hold puts ($356.9m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 884 |
| Q4 2022 | 923 |
| Q1 2023 | 855 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 363 | 429 |
| Q1 2023 | 351 | 457 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $332.0m | $270.9m | 0.82 |
| Q4 2022 | $344.8m | $372.2m | 1.08 |
| Q1 2023 | $241.5m | $356.9m | 1.48 |
Biggest buyers
| FMR LLC | Added | +7.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +6.2m |
| PROVIDENT TRUST CO | Added | +4.1m |
| Capital World Investors | New | +3.3m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | New | +2.9m |
| Ceredex Value Advisors LLC | New | +2.6m |
| Point72 Asset Management, L.P. | Added | +1.8m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.8m |
| MORGAN STANLEY | Added | +1.6m |
| JPMORGAN CHASE & CO | Added | +1.4m |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.9m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.7m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -1.6m |
| Holocene Advisors, LP | Reduced | -1.4m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -1.3m |
| D. E. Shaw & Co., Inc. | Reduced | -1.1m |
| Cubist Systematic Strategies, LLC | Reduced | -1.1m |
| Orbis Allan Gray Ltd | Sold out | -1.1m |
| Qube Research & Technologies Ltd | Sold out | -1.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $36.6m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $29.2m895.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $18.9m580.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $18.0m554.2k shares |
| GROUP ONE TRADING LLC | Added | $16.7m511.7k shares |
| Governors Lane LP | New | $13.8m425.0k shares |
| TWO SIGMA INVESTMENTS, LP | Added | $13.0m400.8k shares |
| Sculptor Capital LP | New | $12.3m377.4k shares |
| DeepCurrents Investment Group LLC | Added | $11.7m3.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.0m338.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $92.7m2.8m shares |
| CITADEL ADVISORS LLC | Reduced | $43.0m1.3m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $27.7m850.2k shares |
| SIMPLEX TRADING, LLC | Added | $25.4m780.4k shares |
| DLD Asset Management, LP | Added | $15.5m476.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $14.6m449.2k shares |
| NOMURA HOLDINGS INC | New | $12.9m397.0k shares |
| UBS Group AG | Reduced | $11.4m350.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $10.2m314.1k shares |
| Walleye Trading LLC | Added | $9.9m305.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FRANKLIN TEMPLETON INC 13G · institution +1.2 pts · filed 2026-10-07 | 10.2% |
| PRIMECAP MANAGEMENT CO/CA/ 13G · institution +0.4 pts · filed 2026-10-05 | 10.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.2% |
Fell to 5% or below in the last year: Elliott Investment Management L.P. (4.9%, 2026-04-03), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $553.3k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $105.1k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $87.5k | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 66.2m $2.2bn | Added +647.0k |
| PRIMECAP MANAGEMENT CO/CA/ 1.44% of their portfolio | 50.9m $1.7bn | Reduced -1.3m |
| STATE STREET CORP 0.07% of their portfolio | 40.1m $1.3bn | Added +179.1k |
| BlackRock Inc. 0.03% of their portfolio | 35.3m $1.1bn | Reduced -243.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 22.0m $715.6m | Added +6.2m |
| T. Rowe Price Investment Management, Inc. 0.42% of their portfolio | 18.2m $591.1m | Reduced -48.9k |
| FMR LLC 0.02% of their portfolio | 15.0m $486.8m | Added +7.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 12.2m $397.6m | Added +345.1k |
| AMERIPRISE FINANCIAL INC 0.13% of their portfolio | 11.9m $386.1m | Reduced -531.7k |
| Artisan Partners Limited Partnership 0.59% of their portfolio | 11.0m $357.6m | Reduced -19.4k |
| PUTNAM INVESTMENTS LLC 0.52% of their portfolio | 10.0m $324.4m | Added +75.0k |
| AMERICAN CENTURY COMPANIES INC 0.24% of their portfolio | 9.2m $298.9m | Added +393.9k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 8.1m $265.0m | Added +1.4m |
| MORGAN STANLEY 0.03% of their portfolio | 8.0m $259.9m | Added +1.6m |
| PROVIDENT TRUST CO 5.62% of their portfolio | 6.7m $217.8m | Added +4.1m |
| U S GLOBAL INVESTORS INC 13.64% of their portfolio | 6.5m $210.4m | Added +421.6k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 4.9m $160.4m | Added +711.7k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 4.9m $158.7m | Added +115.9k |
| Invesco Ltd. 0.03% of their portfolio | 3.8m $122.8m | Reduced -200.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 3.7m $118.8m | Reduced -21.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.4m $110.3m | Reduced -35.7k |
| Capital World Investors 0.02% of their portfolio | 3.3m $108.2m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 3.0m $98.8m | Added +20.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.0m $97.6m | Reduced -419.3k |
| Point72 Asset Management, L.P. 0.34% of their portfolio | 3.0m $96.6m | Added +1.8m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.36% of their portfolio | 2.9m $93.1m | New |
| Oldfield Partners LLP 14.57% of their portfolio | 2.8m $91.8m | Added +618.9k |
| Ceredex Value Advisors LLC 1.31% of their portfolio | 2.6m $84.2m | New |
| PAR CAPITAL MANAGEMENT INC 3.07% of their portfolio | 2.6m $83.5m | Added +566.6k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 2.3m $74.6m | Reduced -104.7k |
| Kiltearn Partners LLP 5.05% of their portfolio | 2.1m $69.9m | Added +611.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio | 2.0m $65.0m | Added +1.8m |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.9m $61.9m | Reduced -2.0m |
| STRS OHIO 0.08% of their portfolio | 1.6m $53.7m | Added +1.1m |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 1.5m $49.7m | Added +761.7k |
| TD Asset Management Inc 0.06% of their portfolio | 1.4m $47.2m | Reduced -62.8k |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 1.4m $46.3m | Reduced -70.4k |
| Legal & General Group Plc 0.02% of their portfolio | 1.4m $44.8m | Added +25.5k |
| Thrivent Financial for Lutherans 0.11% of their portfolio | 1.4m $44.6m | Reduced -732.5k |
| GREAT LAKES ADVISORS, LLC 0.40% of their portfolio | 1.3m $43.6m | New |
| CITIGROUP INC 0.06% of their portfolio | 1.3m $41.3m | Added +149.8k |
| UBS Group AG 0.02% of their portfolio | 1.3m $41.0m | Reduced -155.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.30% of their portfolio | 1.2m $40.3m | Added +4.9k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.2m $38.6m | Added +210.3k |
| California Public Employees Retirement System 0.03% of their portfolio | 1.2m $37.9m | Reduced -166.4k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.2m $37.2m | Added +693.8k |
| Greenbrier Partners Capital Management, LLC 4.57% of their portfolio | 1.1m $37.1m | Unchanged |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.1m $36.9m | Added +1.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 1.1m $36.4m | Reduced -623.3k |
| PANAGORA ASSET MANAGEMENT INC 0.23% of their portfolio | 1.1m $35.7m | Added +194.8k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 1.1m $34.2m | Added +126.2k |
| Ninety One UK Ltd 0.11% of their portfolio | 1.0m $34.1m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 998.2k $32.5m | Reduced -297.6k |
| Amundi 0.02% of their portfolio | 915.6k $28.9m | Added +64.4k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 890.2k $28.7m | Reduced -833.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 875.0k $28.5m | Reduced -21.4k |
| NORGES BANK 0.01% of their portfolio | 867.8k $28.2m | Reduced -445.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 798.1k $26.0m | Reduced -267.2k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 768.6k $25.0m | Reduced -1.7m |
| Weiss Multi-Strategy Advisers LLC 0.60% of their portfolio | 753.2k $24.5m | New |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 752.5k $24.5m | Reduced -1.1m |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 750.9k $24.4m | Reduced -10.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 727.7k $23.7m | Added +14.9k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.29% of their portfolio | 727.5k $23.6m | Added +396.7k |
| Calamos Advisors LLC 0.11% of their portfolio | 702.9k $22.9m | Reduced -138.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 633.4k $20.6m | Reduced -4.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 629.4k $20.3m | Added +303.6k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 622.4k $20.3m | Added +144.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 618.6k $20.1m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 602.3k $19.6m | Reduced -1.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 595.1k $19.4m | Reduced -8.8k |
| Swiss National Bank 0.01% of their portfolio | 589.2k $19.2m | Reduced -13.7k |
| LPL Financial LLC 0.01% of their portfolio | 559.4k $18.2m | Reduced -78.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 558.7k $18.2m | Reduced -23.9k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 553.4k $19.5m | Reduced -577.6k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 536.2k $17.4m | Added +205.6k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 533.2k $17.4m | Added +93.0k |
| Schonfeld Strategic Advisors LLC 0.16% of their portfolio | 512.2k $16.7m | Added +452.2k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 499.2k $16.2m | Reduced -148.2k |
| TCW GROUP INC 0.21% of their portfolio | 496.0k $16.1m | Reduced -18.9k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 474.8k $15.4m | Reduced -130.5k |
| NWI MANAGEMENT LP 2.43% of their portfolio | 470.0k $15.3m | Added +190.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 468.2k $15.2m | Reduced -702 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 455.2k $14.8m | Reduced -31.1k |
| LMR Partners LLP 0.27% of their portfolio | 444.4k $14.5m | Reduced -318.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 431.5k $14.0m | Added +1.8k |
| TWINBEECH CAPITAL LP 0.28% of their portfolio | 418.6k $13.6m | Reduced -996.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 418.1k $13.6m | Reduced -20.9k |
| South Dakota Investment Council 0.29% of their portfolio | 414.5k $13.5m | Added +85.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 414.5k $13.5m | Reduced -13.8k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 411.8k $13.8m | Reduced -836.1k |
| SCOUT INVESTMENTS, INC. 0.27% of their portfolio | 405.4k $13.2m | Added +273.0k |
| Sculptor Capital LP 0.33% of their portfolio | 404.9k $13.2m | Reduced -366.1k |
| HighTower Advisors, LLC 0.03% of their portfolio | 402.1k $13.1m | Added +31.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 401.4k $13.1m | Reduced -14.7k |
| BARCLAYS PLC 0.01% of their portfolio | 401.2k $13.1m | Reduced -740.1k |
| DeepCurrents Investment Group LLC 0.56% of their portfolio | 398.4k $13.0m | Reduced -76.8k |
| Candlestick Capital Management LP 0.42% of their portfolio | 379.1k $12.3m | New |
| NOMURA HOLDINGS INC 0.12% of their portfolio | 375.3k $12.2m | Added +367.6k |
| M&G INVESTMENT MANAGEMENT LTD 0.09% of their portfolio | 372.8k $12.3m | Added +77.9k |