SOUTHWEST GAS HLDGS INC SWX
COM · Common Stock · CUSIP 844895102
Investor-owned utility based in Las Vegas, Nevada, United States
* 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 ($870.3k this quarter). Holder counts are more reliable. Shares outstanding: 71.7m as of 2024-07-26, 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 ≈ $70.38. Options: 4 managers hold calls ($985.3k notional), 2 hold puts ($147.8k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 287 |
| Q4 2022 | 297 |
| Q1 2023 | 280 |
| Q2 2023 | 273 |
| Q3 2023 | 280 |
| Q4 2023 | 280 |
| Q1 2024 | 286 |
| Q2 2024 | 285 |
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 | 176 | 114 |
| Q1 2023 | 160 | 123 |
| Q2 2023 | 136 | 138 |
| Q3 2023 | 105 | 141 |
| Q4 2023 | 118 | 148 |
| Q1 2024 | 120 | 147 |
| Q2 2024 | 137 | 135 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $3.3m | $6.6m | 2.00 |
| Q4 2023 | $3.3m | $1.3m | 0.39 |
| Q1 2024 | $1.3m | $182.7k | 0.14 |
| Q2 2024 | $985.3k | $147.8k | 0.15 |
Biggest buyers
| FMR LLC | Added | +1.6m |
| Nuveen Asset Management, LLC | Added | +149.6k |
| JANE STREET GROUP, LLC | Added | +123.0k |
| ONTARIO TEACHERS PENSION PLAN BOARD | New | +112.4k |
| ROYAL BANK OF CANADA | Added | +101.5k |
| Qube Research & Technologies Ltd | Added | +95.5k |
| DIMENSIONAL FUND ADVISORS LP | Added | +85.0k |
| Trexquant Investment LP | New | +73.3k |
| Bank of New York Mellon Corp | Added | +68.3k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +60.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -777.9k |
| CARRONADE CAPITAL MANAGEMENT, LP | Sold out | -498.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -336.6k |
| FIRST TRUST ADVISORS LP | Reduced | -223.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -200.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -190.3k |
| MAVERICK CAPITAL LTD | Reduced | -170.9k |
| GABELLI FUNDS LLC | Reduced | -111.0k |
| AMERICAN INTERNATIONAL GROUP, INC. | Sold out | -109.8k |
| ProShare Advisors LLC | Reduced | -109.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $640.5k9.1k shares |
| CITADEL ADVISORS LLC | Reduced | $337.8k4.8k shares |
| GROUP ONE TRADING LLC | New | $7.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $147.8k2.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 15.1% |
| FMR LLC 13G · institution +1.1 pts · filed 2026-02-05 | 7.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.4% |
Fell to 5% or below in the last year: Corvex Management LP (5.0%, 2026-05-08), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), ICAHN CARL C (5.0%, 2026-01-29)
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 | — | 2 | $147 | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $63.8k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $200.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-13 | Brown Justin L President/Southwest Gas Corp. | Sold | $200.8k2.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| ICAHN CARL C 7.15% of their portfolio | 11.0m $775.8m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 8.9m $625.8m | Reduced -13.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.1m $501.3m | Reduced -30.5k |
| Corvex Management LP 15.85% of their portfolio | 4.8m $335.6m | Unchanged |
| FMR LLC 0.02% of their portfolio | 4.6m $327.0m | Added +1.6m |
| STATE STREET CORP 0.01% of their portfolio | 2.2m $157.3m | Added +3.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.46% of their portfolio | 1.5m $108.1m | Reduced -336.6k |
| MAVERICK CAPITAL LTD 1.99% of their portfolio | 1.5m $104.8m | Reduced -170.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.4m $100.7m | Added +47.4k |
| Channing Capital Management, LLC 2.30% of their portfolio | 1.2m $83.9m | Reduced -53.1k |
| River Road Asset Management, LLC 1.18% of their portfolio | 1.2m $82.5m | Added +12.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.2m $81.2m | Reduced -44.7k |
| GABELLI FUNDS LLC 0.59% of their portfolio | 1.1m $78.3m | Reduced -111.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $74.1m | Added +68.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 985.6k $69.4m | Added +85.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 942.7k $66.3m | Added +40.2k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 909.1k $64.0m | Reduced -26.7k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 898.7k $63.3m | Reduced -90.5k |
| GAMCO INVESTORS, INC. ET AL 0.66% of their portfolio | 867.4k $61.0m | Reduced -22.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 800.0k $56.3m | Reduced -200.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 716.0k $50.4m | Added +21.1k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 661.5k $46.6m | Reduced -223.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 648.9k $45.7m | Added +17.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 631.1k $44.4m | Added +3.9k |
| NORGES BANK 0.01% of their portfolio | 627.5k $44.2m | Added +4.9k |
| ProShare Advisors LLC 0.10% of their portfolio | 520.0k $36.6m | Reduced -109.7k |
| SASCO CAPITAL INC / CT/ 4.40% of their portfolio | 443.4k $31.2m | Reduced -60 |
| MORGAN STANLEY 0.00% of their portfolio | 392.7k $27.6m | Reduced -777.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 376.2k $26.5m | Reduced -190.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 332.6k $23.4m | Reduced -11.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 323.8k $22.8m | Added +149.6k |
| Invesco Ltd. 0.00% of their portfolio | 293.8k $20.7m | Added +12.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 259.7k $18.3m | Reduced -14.7k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 226.8k $16.0m | Added +95.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 222.0k $15.6m | Reduced -1.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 216.6k $15.2m | Reduced -44.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 206.1k $14.5m | Added +60.9k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 3.02% of their portfolio | 171.0k $12.0m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 166.7k $11.7m | Reduced -15.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 162.7k $11.5m | Reduced -9.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 157.0k $11.0m | Reduced -14.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 155.9k $11.0m | Added +26.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 145.5k $10.2m | Added +123.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 134.3k $9.5m | Added +101.5k |
| 13D Management LLC 6.76% of their portfolio | 131.6k $9.3m | Added +18.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 127.5k $9.0m | Added +47.8k |
| Legal & General Group Plc 0.00% of their portfolio | 125.7k $8.8m | Added +20.5k |
| Moody Aldrich Partners LLC 1.61% of their portfolio | 117.3k $8.3m | Reduced -7.6k |
| Swiss National Bank 0.01% of their portfolio | 112.9k $7.9m | Unchanged |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.08% of their portfolio | 112.4k $7.9m | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.20% of their portfolio | 111.5k $7.8m | Added +11.0k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 108.5k $7.6m | First filing |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 105.2k $7.4m | Reduced -363 |
| Keeley-Teton Advisors, LLC 0.89% of their portfolio | 99.2k $7.0m | Reduced -1.9k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 97.3k $6.9m | Reduced -6.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 91.4k $6.4m | Added +29.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 88.8k $6.2m | Reduced -5.7k |
| HENNESSY ADVISORS INC 0.23% of their portfolio | 87.7k $6.2m | Added +14.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 85.4k $6.0m | Added +6.0k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 82.0k $5.8m | Reduced -20.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 79.0k $5.6m | Reduced -30.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 76.3k $5.4m | Reduced -301 |
| Retirement Systems of Alabama 0.02% of their portfolio | 74.3k $5.2m | Reduced -1.1k |
| Trexquant Investment LP 0.08% of their portfolio | 73.3k $5.2m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 69.9k $4.9m | Reduced -1.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 66.8k $4.7m | Reduced -14.8k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 65.9k $4.6m | Added +2.2k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 64.9k $4.6m | Added +262 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 62.2k $4.4m | Added +5.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 57.7k $4.1m | Added +1.1k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 57.2k $4.0m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 56.2k $4.0m | Reduced -1.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 51.3k $3.6m | Reduced -3.1k |
| Maryland State Retirement & Pension System 0.07% of their portfolio | 51.3k $3.6m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 47.0k $3.3m | Reduced -44.3k |
| Phocas Financial Corp. 0.37% of their portfolio | 45.5k $3.2m | Reduced -863 |
| Redwood Investment Management, LLC 0.25% of their portfolio | 41.1k $2.9m | Reduced -2.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 40.2k $2.8m | New |
| Knights of Columbus Asset Advisors LLC 0.18% of their portfolio | 39.3k $2.8m | Added +445 |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 38.1k $2.7m | Added +1.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 37.6k $2.6m | Added +27.3k |
| GW&K Investment Management, LLC 0.02% of their portfolio | 37.3k $2.6m | Reduced -1.9k |
| BARCLAYS PLC 0.00% of their portfolio | 35.9k $2.5m | Reduced -64.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 35.6k $2.7m | Reduced -1.7k |
| COMERICA BANK 0.01% of their portfolio | 34.7k $2.4m | Reduced -5.2k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 34.5k $2.4m | Reduced -1.3k |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.40% of their portfolio | 34.2k $2.4m | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 31.9k $2.2m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 31.7k $2.2m | First filing |
| HighTower Advisors, LLC 0.00% of their portfolio | 30.5k $2.1m | Reduced -1.6k |
| AMALGAMATED BANK 0.02% of their portfolio | 29.1k $2.1m | Reduced -2.4k |
| Dynamic Technology Lab Private Ltd 0.23% of their portfolio | 28.7k $2.0m | New |
| South Dakota Investment Council 0.04% of their portfolio | 27.3k $1.9m | Reduced -34 |
| Pathstone Holdings, LLC 0.01% of their portfolio | 27.0k $1.9m | Added +1.0k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 25.2k $1.8m | Reduced -2.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 25.2k $1.8m | Reduced -20.1k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 24.0k $1.7m | Added +4.6k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 23.6k $1.7m | Reduced -7.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 21.7k $1.5m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 21.5k $1.5m | Reduced -1.9k |