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 ($4.0m this quarter). Holder counts are more reliable. Shares outstanding: 72.4m as of 2026-07-31, 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 ≈ $88.69. Options: 0 managers hold calls (— notional), 1 hold puts ($443.4k).
Trends to Q2 2026
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 |
| Q3 2024 | 297 |
| Q4 2024 | 309 |
| Q1 2025 | 348 |
| Q2 2025 | 329 |
| Q3 2025 | 334 |
| Q4 2025 | 353 |
| Q1 2026 | 398 |
| Q2 2026 | 411 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 140 | 136 |
| Q4 2024 | 153 | 127 |
| Q1 2025 | 179 | 126 |
| Q2 2025 | 180 | 157 |
| Q3 2025 | 180 | 126 |
| Q4 2025 | 155 | 161 |
| Q1 2026 | 236 | 134 |
| Q2 2026 | 218 | 156 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $3.2m | $0 | 0.00 |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $347.6k | $0 | 0.00 |
| Q2 2026 | $0 | $443.4k | — |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +439.7k |
| BlackRock, Inc. | Added | +434.1k |
| FMR LLC | Added | +413.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +379.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +372.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +312.9k |
| Weiss Asset Management LP | Added | +259.1k |
| KENNEDY CAPITAL MANAGEMENT LLC | New | +218.9k |
| Aventail Capital Group, LP | Added | +189.9k |
| STATE STREET CORP | Added | +185.6k |
Biggest sellers
| Corvex Management LP | Reduced | -1.1m |
| Zimmer Partners, LP | Reduced | -498.8k |
| Balyasny Asset Management L.P. | Reduced | -382.9k |
| MAVERICK CAPITAL LTD | Reduced | -237.4k |
| MORGAN STANLEY | Reduced | -212.5k |
| CITADEL ADVISORS LLC | Reduced | -199.3k |
| Point72 Asset Management, L.P. | Reduced | -181.3k |
| Man Group plc | Reduced | -176.8k |
| Invesco Ltd. | Reduced | -166.3k |
| BW Gestao de Investimentos Ltda. | Sold out | -165.3k |
Biggest calls
| None |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $443.4k5.0k 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 |
|---|---|
| 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $145.1k | — |
| Q2 2025 | 0 | — | 1 | $525.0k | — |
| Q3 2025 | 1 | $1.9k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 1 | $245.5k | $245.5k |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $204.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | Williams Julie M. SVP/Cont. Improvement and Opt. | Sold | $204.5k2.5k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 11.2m $991.5m | Added +434.1k |
| FMR LLC 0.02% of their portfolio | 5.6m $494.4m | Added +413.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 4.0m $352.4m | Added +117.7k |
| Corvex Management LP 8.84% of their portfolio | 3.2m $284.5m | Reduced -1.1m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.0m $270.3m | Added +39.3k |
| STATE STREET CORP 0.01% of their portfolio | 2.6m $231.2m | Added +185.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.1m $185.1m | Added +379.0k |
| MAVERICK CAPITAL LTD 1.51% of their portfolio | 1.9m $167.6m | Reduced -237.4k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.6m $142.2m | Added +439.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.17% of their portfolio | 1.4m $120.1m | Reduced -120.5k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 1.1m $101.1m | Added +105.6k |
| Channing Capital Management, LLC 2.19% of their portfolio | 1.1m $95.3m | Reduced -32.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.1m $93.9m | Added +4.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 985.9k $87.4m | Reduced -85.9k |
| GABELLI FUNDS LLC 0.54% of their portfolio | 950.8k $84.3m | Reduced -15.2k |
| NORGES BANK 0.01% of their portfolio | 948.1k $84.1m | Not comparable |
| NORTHERN TRUST CORP 0.01% of their portfolio | 892.4k $79.1m | Added +98.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 869.6k $77.1m | Added +174.0k |
| River Road Asset Management, LLC 0.85% of their portfolio | 865.2k $76.7m | Reduced -38.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 838.1k $74.3m | Reduced -8.1k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.19% of their portfolio | 800.9k $71.0m | Reduced -28.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 788.7k $69.9m | Reduced -45.3k |
| GAMCO INVESTORS, INC. ET AL 0.61% of their portfolio | 764.2k $67.8m | Reduced -18.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.10% of their portfolio | 731.5k $64.9m | Reduced -28.9k |
| Brookfield Corp /ON/ 0.08% of their portfolio | 654.0k $58.0m | Reduced -45.7k |
| COHEN & STEERS, INC. 0.09% of their portfolio | 621.1k $55.1m | Added +158.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 615.4k $54.6m | Added +130.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.19% of their portfolio | 584.7k $51.9m | Added +312.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 569.1k $51.3m | Reduced -40.3k |
| Nuveen, LLC 0.01% of their portfolio | 489.9k $43.4m | Reduced -2.0k |
| MORGAN STANLEY 0.00% of their portfolio | 457.9k $40.6m | Reduced -212.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 446.2k $39.6m | Added +50.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 438.9k $38.9m | Reduced -20.1k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 434.0k $38.5m | Added +13.4k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 432.0k $38.3m | Added +5.0k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 429.8k $38.1m | Reduced -60.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 424.7k $37.7m | Added +372.4k |
| ALGERT GLOBAL LLC 0.35% of their portfolio | 334.6k $29.7m | Added +124.1k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 333.5k $29.6m | Reduced -181.3k |
| Weiss Asset Management LP 0.28% of their portfolio | 283.2k $25.1m | Added +259.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 271.5k $24.1m | Added +43.7k |
| UBS Group AG 0.00% of their portfolio | 269.9k $23.9m | Reduced -123.6k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 0.46% of their portfolio | 266.8k $23.7m | Added +50.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 265.8k $23.6m | Added +4.5k |
| Invesco Ltd. 0.00% of their portfolio | 258.9k $23.0m | Reduced -166.3k |
| Aventail Capital Group, LP 1.26% of their portfolio | 247.8k $22.0m | Added +189.9k |
| BARCLAYS PLC 0.01% of their portfolio | 243.4k $21.6m | Reduced -5.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 236.4k $21.0m | Reduced -199.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 235.5k $20.9m | Added +124.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 228.1k $20.2m | Added +13.4k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.34% of their portfolio | 218.9k $19.4m | New |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 212.2k $18.8m | Added +83.0k |
| Legal & General Group Plc 0.00% of their portfolio | 200.4k $17.8m | Added +109.0k |
| MetLife Investment Management, LLC 0.08% of their portfolio | 191.1k $16.9m | Added +123.2k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 183.0k $16.2m | Reduced -382.9k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 174.7k $15.5m | Reduced -3.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 173.3k $15.1m | Added +17.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 169.6k $15.0m | Added +2.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 154.3k $13.7m | Reduced -23.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 144.7k $12.8m | Added +88.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.12% of their portfolio | 141.6k $12.6m | Added +56.6k |
| EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio | 132.9k $11.8m | Reduced -32.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 123.6k $11.0m | Added +24.4k |
| Swiss National Bank 0.01% of their portfolio | 123.5k $11.0m | Added +2.2k |
| Verition Fund Management LLC 0.08% of their portfolio | 121.0k $10.7m | New |
| Verbena Value LP 1.76% of their portfolio | 120.1k $10.7m | Reduced -46.1k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 119.9k $10.6m | New |
| Sourcerock Group LLC 0.54% of their portfolio | 117.4k $10.4m | Reduced -11.2k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.04% of their portfolio | 116.4k $10.3m | Added +110.6k |
| Man Group plc 0.02% of their portfolio | 110.7k $9.8m | Reduced -176.8k |
| Zimmer Partners, LP 0.23% of their portfolio | 108.2k $9.6m | Reduced -498.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 107.8k $9.6m | Added +15.3k |
| Walleye Capital LLC 0.04% of their portfolio | 99.7k $8.8m | Reduced -32.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 97.0k $8.6m | Added +24.0k |
| Lighthouse Investment Partners, LLC 0.26% of their portfolio | 95.9k $8.5m | Added +84.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 95.1k $8.4m | Added +1.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 94.5k $8.4m | Added +2.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 91.7k $8.1m | Added +17.3k |
| HENNESSY ADVISORS INC 0.26% of their portfolio | 90.4k $8.0m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 90.1k $8.0m | Added +3.0k |
| SummitTX Capital, L.P. 0.20% of their portfolio | 83.4k $7.4m | Added +45.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 82.3k $7.3m | Added +18.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 77.6k $6.9m | Reduced -2.1k |
| Magellan Asset Management Ltd 0.15% of their portfolio | 77.0k $6.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 74.1k $6.6m | Reduced -2.2k |
| Sterling Capital Management LLC 0.11% of their portfolio | 72.1k $6.4m | Reduced -2.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 67.6k $6.0m | Added +2.9k |
| Retirement Systems of Alabama 0.02% of their portfolio | 66.6k $5.9m | Reduced -12.1k |
| Moody Aldrich Partners LLC 1.06% of their portfolio | 66.3k $5.9m | Reduced -17.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 65.2k $5.8m | Added +2.4k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 65.1k $5.8m | Added +62.4k |
| CITIGROUP INC 0.00% of their portfolio | 63.9k $5.7m | Added +40.2k |
| Maryland State Retirement & Pension System 0.09% of their portfolio | 61.1k $5.4m | Added +3.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 57.8k $5.1m | Added +19.7k |
| Sagefield Capital LP 0.37% of their portfolio | 56.2k $5.0m | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 55.6k $4.9m | Added +45.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 54.8k $4.9m | Reduced -4.8k |
| FIFTH THIRD BANCORP 0.01% of their portfolio | 52.9k $4.7m | Reduced -14.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 52.5k $4.7m | Added +4.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 52.2k $4.6m | Added +4.1k |