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 ($14.8m this quarter). Holder counts are more reliable. Shares outstanding: 599.2m as of 2024-07-25, 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 ≈ $28.61. Options: 34 managers hold calls ($643.0m notional), 37 hold puts ($540.8m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 884 |
| Q4 2022 | 923 |
| Q1 2023 | 855 |
| Q2 2023 | 858 |
| Q3 2023 | 772 |
| Q4 2023 | 793 |
| Q1 2024 | 792 |
| Q2 2024 | 767 |
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 |
| Q2 2023 | 310 | 437 |
| Q3 2023 | 302 | 472 |
| Q4 2023 | 290 | 415 |
| Q1 2024 | 332 | 404 |
| Q2 2024 | 309 | 395 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $330.0m | $395.6m | 1.20 |
| Q4 2023 | $496.1m | $628.5m | 1.27 |
| Q1 2024 | $367.0m | $521.7m | 1.42 |
| Q2 2024 | $643.0m | $540.8m | 0.84 |
Biggest buyers
| NOMURA HOLDINGS INC | Added | +19.7m |
| GOLDMAN SACHS GROUP INC | Added | +10.2m |
| UBS Group AG | Added | +7.6m |
| FRANKLIN RESOURCES INC | Added | +7.0m |
| JPMORGAN CHASE & CO | Added | +6.1m |
| Elliott Investment Management L.P. | New | +6.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.5m |
| BANK OF MONTREAL /CAN/ | Added | +2.3m |
| ING GROEP NV | Added | +2.3m |
| CIBC WORLD MARKETS CORP | Added | +2.0m |
Biggest sellers
| MORGAN STANLEY | Reduced | -13.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -10.4m |
| Capital World Investors | Reduced | -3.5m |
| T. Rowe Price Investment Management, Inc. | Reduced | -3.2m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| FMR LLC | Reduced | -1.4m |
| TWINBEECH CAPITAL LP | Sold out | -1.1m |
| Caisse de depot et placement du Quebec | Sold out | -1.0m |
| Interval Partners, LP | Sold out | -866.7k |
| Oldfield Partners LLP | Reduced | -543.0k |
Biggest calls
| NOMURA HOLDINGS INC | Added | $162.9m5.7m shares |
| BARCLAYS PLC | New | $85.4m3.0m shares |
| CITADEL ADVISORS LLC | Added | $78.4m2.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $74.3m2.6m shares |
| UBS Group AG | Added | $57.6m2.0m shares |
| SIMPLEX TRADING, LLC | Added | $32.1m1.1m shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $23.8m831.6k shares |
| IMC-Chicago, LLC | Added | $15.2m530.9k shares |
| Parallax Volatility Advisers, L.P. | Added | $13.3m463.5k shares |
| CITIGROUP INC | Added | $12.0m420.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $112.0m3.9m shares |
| CITADEL ADVISORS LLC | Reduced | $87.2m3.0m shares |
| SIMPLEX TRADING, LLC | Added | $41.6m1.5m shares |
| Eisler Capital (UK) Ltd. | Added | $32.5m1.1m shares |
| Diameter Capital Partners LP | New | $28.6m1.0m shares |
| Parallax Volatility Advisers, L.P. | Added | $26.9m939.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $18.9m659.6k shares |
| IMC-Chicago, LLC | Added | $18.4m643.9k shares |
| UBS Group AG | Added | $14.6m512.0k shares |
| Balyasny Asset Management L.P. | Added | $14.3m500.0k 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 Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $87.5k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $147.8k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 67.6m $1.9bn | Added +33.5k |
| Capital World Investors 0.27% of their portfolio | 57.9m $1.7bn | Reduced -3.5m |
| PRIMECAP MANAGEMENT CO/CA/ 1.03% of their portfolio | 49.9m $1.4bn | Reduced -344.5k |
| STATE STREET CORP 0.05% of their portfolio | 39.7m $1.1bn | Reduced -375.0k |
| BlackRock Inc. 0.02% of their portfolio | 34.0m $973.2m | Added +569.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 28.0m $801.4m | Added +4.5m |
| FRANKLIN RESOURCES INC 0.18% of their portfolio | 20.6m $588.8m | Added +7.0m |
| NOMURA HOLDINGS INC 3.63% of their portfolio | 19.8m $566.9m | Added +19.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 14.0m $399.7m | Added +610.3k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 12.8m $365.3m | Added +10.2m |
| Artisan Partners Limited Partnership 0.47% of their portfolio | 10.8m $308.5m | Added +5.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.1m $289.1m | Added +6.1m |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 9.6m $273.7m | Reduced -271.1k |
| UBS Group AG 0.08% of their portfolio | 8.8m $250.9m | Added +7.6m |
| T. Rowe Price Investment Management, Inc. 0.15% of their portfolio | 8.1m $232.5m | Reduced -3.2m |
| PROVIDENT TRUST CO 4.16% of their portfolio | 7.8m $224.2m | Added +74.7k |
| Invesco Ltd. 0.05% of their portfolio | 7.6m $218.3m | Added +1.4m |
| MORGAN STANLEY 0.02% of their portfolio | 7.3m $209.2m | Reduced -13.8m |
| AMERICAN CENTURY COMPANIES INC 0.12% of their portfolio | 6.9m $198.1m | Added +17.1k |
| Elliott Investment Management L.P. 1.65% of their portfolio | 6.0m $171.7m | New |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 5.8m $166.7m | Added +1.0m |
| FMR LLC 0.01% of their portfolio | 4.6m $132.9m | Reduced -1.4m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 4.6m $131.9m | Added +72.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.8m $108.9m | Reduced -33.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.7m $105.8m | Added +435.2k |
| U S GLOBAL INVESTORS INC 9.32% of their portfolio | 3.7m $98.3m | Reduced -375.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.3m $95.3m | Added +92.7k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 2.9m $83.2m | Added +2.3m |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.48% of their portfolio | 2.6m $73.9m | Reduced -30.3k |
| ING GROEP NV 0.40% of their portfolio | 2.3m $66.7m | Added +2.3m |
| CIBC WORLD MARKETS CORP 0.39% of their portfolio | 2.1m $58.7m | Added +2.0m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.0m $58.5m | Added +1.2m |
| Oldfield Partners LLP 10.25% of their portfolio | 1.9m $54.2m | Reduced -543.0k |
| BANK OF NOVA SCOTIA 0.11% of their portfolio | 1.9m $54.1m | Added +1.8m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.14% of their portfolio | 1.7m $48.6m | New |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.7m $48.4m | Reduced -56.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 1.6m $45.5m | Added +1.4m |
| PAR CAPITAL MANAGEMENT INC 1.39% of their portfolio | 1.5m $44.1m | Reduced -31.5k |
| TORONTO DOMINION BANK 0.07% of their portfolio | 1.5m $44.1m | Added +1.4m |
| BARCLAYS PLC 0.02% of their portfolio | 1.5m $43.5m | Added +595.5k |
| Kiltearn Partners LLP 5.18% of their portfolio | 1.5m $42.8m | Reduced -328.6k |
| NORGES BANK 0.01% of their portfolio | 1.3m $38.0m | Added +285.5k |
| CITIGROUP INC 0.03% of their portfolio | 1.3m $35.8m | Reduced -414.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 1.2m $35.6m | Added +37.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 1.2m $33.3m | Added +65.9k |
| CIBC WORLD MARKET INC. 0.08% of their portfolio | 1.2m $33.3m | New |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $32.6m | Reduced -132.0k |
| Greenbrier Partners Capital Management, LLC 2.64% of their portfolio | 1.1m $32.0m | Unchanged |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.1m $31.7m | Added +14.0k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 1.1m $31.4m | Added +992.6k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 970.7k $27.8m | Reduced -11.5k |
| Schonfeld Strategic Advisors LLC 0.21% of their portfolio | 932.8k $26.7m | Added +508.6k |
| Twin Tree Management, LP 0.78% of their portfolio | 922.3k $26.4m | New |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 859.0k $24.6m | Added +204.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 852.5k $24.4m | Reduced -203.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 849.2k $24.3m | Added +166.9k |
| TD Asset Management Inc 0.02% of their portfolio | 794.9k $22.7m | Reduced -183.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 765.6k $21.9m | Added +37.3k |
| TOWLE & CO 2.84% of their portfolio | 758.3k $21.7m | Added +6.8k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.23% of their portfolio | 757.8k $21.7m | Reduced -16.2k |
| NUANCE INVESTMENTS, LLC 0.66% of their portfolio | 754.0k $21.6m | New |
| LPL Financial LLC 0.01% of their portfolio | 718.1k $20.5m | Added +27.4k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 702.2k $20.1m | Reduced -260.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 669.0k $19.1m | Reduced -35.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 667.4k $19.1m | Reduced -15.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 656.3k $18.8m | Reduced -26.4k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 629.9k $18.0m | Added +151.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 600.6k $17.2m | Reduced -18.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 574.1k $16.4m | Reduced -11.2k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 559.2k $16.0m | Added +123.5k |
| Walleye Trading LLC 0.31% of their portfolio | 550.7k $15.8m | Added +521.8k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 533.0k $15.0m | Added +33.4k |
| PEAK6 Investments LLC 0.70% of their portfolio | 528.6k $15.1m | Added +156.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 524.8k $15.0m | Added +30.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 511.4k $14.6m | Added +323.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 507.7k $14.5m | Reduced -27.8k |
| J. Goldman & Co LP 0.52% of their portfolio | 488.2k $14.0m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 449.1k $12.8m | Reduced -1.4m |
| Swiss National Bank 0.01% of their portfolio | 442.5k $12.7m | Reduced -3.8k |
| M&G PLC 0.08% of their portfolio | 440.9k $12.8m | Added +25.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 420.2k $12.0m | Reduced -40.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 407.5k $11.7m | Added +10.2k |
| Gradient Investments LLC 0.26% of their portfolio | 407.2k $11.6m | Added +68.9k |
| ArrowMark Colorado Holdings LLC 0.14% of their portfolio | 406.7k $11.6m | New |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 399.0k $11.4m | Reduced -31.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 395.4k $11.3m | Reduced -12.2k |
| SIMPLEX TRADING, LLC 0.35% of their portfolio | 384.8k $11.0m | Added +341.3k |
| Susquehanna Portfolio Strategies, LLC 0.43% of their portfolio | 368.5k $10.5m | Reduced -4.1k |
| NATIXIS 0.07% of their portfolio | 363.8k $10.4m | New |
| MUFG Securities EMEA plc 0.45% of their portfolio | 352.0k $10.1m | New |
| Parallax Volatility Advisers, L.P. 0.25% of their portfolio | 348.2k $10.0m | Added +320.5k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 346.9k $9.9m | Added +77.3k |
| South Dakota Investment Council 0.20% of their portfolio | 343.4k $9.8m | Reduced -4.6k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 339.6k $9.7m | Reduced -39.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 337.4k $9.7m | Reduced -16.7k |
| Calamos Advisors LLC 0.05% of their portfolio | 335.3k $9.6m | Reduced -12.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 332.4k $9.5m | Added +557 |
| Chevy Chase Trust Holdings, LLC 0.03% of their portfolio | 331.0k $9.5m | Reduced -3.7k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 329.4k $9.3m | Added +88.1k |
| PARUS FINANCE (UK) Ltd 2.60% of their portfolio | 314.8k $9.0m | Reduced -14.4k |