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Southwest Airlines Co

LUV
Exchange
NYSE
Industry
Air Transportation, Scheduled
SEC CIK
0000092380

No open-market purchases or sales by Southwest Airlines Co insiders were filed in the last 90 days; 933 institutions reported holding it in 13F filings for Q2 2026, worth $23.4B in total; Elliott Investment Management is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Southwest Airlines Co as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
851
+103 vs. Q3 2025
Shares held
484.7M
−27.9M (−5.4%) vs. Q3 2025
Total value
$20.0B
+$3.68B (+22.5%) vs. Q3 2025
New holders
175
226 more added
Sold out
72
289 more reduced

17 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting LUV on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 851 institutions
Q1 2021: 1,073 institutionsQ2 2021: 1,033 institutionsQ3 2021: 1,031 institutionsQ4 2021: 997 institutionsQ1 2022: 1,013 institutionsQ2 2022: 949 institutionsQ3 2022: 885 institutionsQ4 2022: 923 institutionsQ1 2023: 856 institutionsQ2 2023: 858 institutionsQ3 2023: 769 institutionsQ4 2023: 792 institutionsQ1 2024: 789 institutionsQ2 2024: 765 institutionsQ3 2024: 799 institutionsQ4 2024: 835 institutionsQ1 2025: 815 institutionsQ2 2025: 794 institutionsQ3 2025: 765 institutionsQ4 2025: 851 institutionsQ1 2026: 872 institutionsQ2 2026: 933 institutions
Value heldQ4 2025: $20.0B
Q1 2021: $28.3BQ2 2021: $24.3BQ3 2021: $23.6BQ4 2021: $19.5BQ1 2022: $20.8BQ2 2022: $16.4BQ3 2022: $13.8BQ4 2022: $15.1BQ1 2023: $14.7BQ2 2023: $16.9BQ3 2023: $12.9BQ4 2023: $13.8BQ1 2024: $14.0BQ2 2024: $15.4BQ3 2024: $16.1BQ4 2024: $18.5BQ1 2025: $17.8BQ2 2025: $16.3BQ3 2025: $16.4BQ4 2025: $20.0BQ1 2026: $16.4BQ2 2026: $23.4B
Institutions holding LUV and their total value by quarter
QuarterHoldersValue
Q2 2026933$23.4B
Q1 2026872$16.4B
Q4 2025851$20.0B
Q3 2025765$16.4B
Q2 2025794$16.3B
Q1 2025815$17.8B
Q4 2024835$18.5B
Q3 2024799$16.1B
Q2 2024765$15.4B
Q1 2024789$14.0B
Q4 2023792$13.8B
Q3 2023769$12.9B
Q2 2023858$16.9B
Q1 2023856$14.7B
Q4 2022923$15.1B
Q3 2022885$13.8B
Q2 2022949$16.4B
Q1 20221,013$20.8B
Q4 2021997$19.5B
Q3 20211,031$23.6B
Q2 20211,033$24.3B
Q1 20211,073$28.3B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Southwest Airlines Co; share changes are against Q3 2025.

Institutions holding LUV in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Quantbot Technologies LP115,160$4.76M0.16%+112,905+5,006.9%Added
Truist Financial Corp115,197$4.76M0.01%+247+0.2%Added
First National Bank of Omaha115,613$4.77M0.14%+115,613New
CIBC Asset Management Inc117,527$4.86M0.01%+35,620+43.5%Added
Group One Trading, L.P.118,178$4.88M0.14%−8,931−7.0%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys120,293$4.97M0.03%−5,824−4.6%Reduced
Standard Life Aberdeen plc122,474$5.06M0.01%−25,226−17.1%Reduced
FORA Capital, LLC123,884$5.12M0.62%+123,884New
Williams Jones Wealth Management, LLC.124,966$5.16M0.06%00.0%Unchanged
MetLife Investment Management125,386$5.18M0.03%−6,364−4.8%Reduced
Natixis Advisors, L.P.125,448$5.18M0.01%−11,594−8.5%Reduced
Olstein Capital Management, L.P.127,000$5.25M1.08%−39,000−23.5%Reduced
Stifel Financial Corp131,091$5.42M0.00%−9,225−6.6%Reduced
Public Sector Pension Investment Board131,721$5.44M0.02%+18,459+16.3%Added
TD Asset Management Inc132,147$5.46M0.00%−6,658−4.8%Reduced
Kercheville Advisors, LLC129,524$5.50M1.44%+68,350+111.7%Added
State of Michigan Retirement System135,403$5.60M0.03%−6,600−4.6%Reduced
Czech National Bank136,366$5.64M0.04%+3,020+2.3%Added
Kettle Hill Capital Management, LLC140,208$5.79M1.29%−404,256−74.2%Reduced
Public Employees Retirement System of Ohio140,909$5.82M0.02%−8,947−6.0%Reduced
Howard Capital Management Inc.142,034$5.87M0.08%+13,498+10.5%Added
ProShare Advisors LLC143,950$5.95M0.01%+7,824+5.7%Added
XTX Topco Ltd147,900$6.11M0.16%+147,900New
NFJ Investment Group, LLC150,436$6.22M0.23%−10,796−6.7%Reduced
Edgestream Partners, L.P.154,117$6.37M0.18%+154,117New
Game Creek Capital, LP157,875$6.52M2.48%+2,375+1.5%Added
Mariner, LLC158,466$6.55M0.01%+142,811+912.2%Added
Quantinno Capital Management LP160,296$6.63M0.01%+29,930+23.0%Added
IMC-Chicago, LLC167,488$6.92M0.12%+167,488New
Voloridge Investment Management, LLC169,586$7.01M0.02%+169,586New
Verition Fund Management LLC170,596$7.05M0.04%−29,318−14.7%Reduced
Cetera Investment Advisers171,759$7.10M0.01%+8,157+5.0%Added
South Dakota Investment Council176,074$7.28M0.14%−36,113−17.0%Reduced
Victory Capital Management Inc177,938$7.35M0.00%−5,737−3.1%Reduced
Gotham Asset Management, LLC180,616$7.46M0.03%+116,010+179.6%Added
Twinbeech Capital LP181,345$7.49M0.53%+157,932+674.5%Added
Handelsbanken Fonder AB184,350$7.62M0.02%+35,765+24.1%Added
Great West Life Assurance Co187,445$7.75M0.01%+38,023+25.4%Added
Y-Intercept (Hong Kong) Ltd192,138$7.94M0.18%+192,138New
HighTower Advisors, LLC192,721$7.97M0.01%−5,601−2.8%Reduced
Treasurer of the State of North Carolina193,050$7.98M0.03%−18,770−8.9%Reduced
New York State Common Retirement Fund196,881$8.14M0.01%00.0%Unchanged
Schwerin Boyle Capital Management Inc205,600$8.50M0.93%+88,600+75.7%Added
Quinn Opportunity Partners LLC212,663$8.79M0.38%−10,882−4.9%Reduced
Toronto Dominion Bank219,822$9.09M0.02%+112,663+105.1%Added
O'Shaughnessy Asset Management, LLC220,571$9.12M0.05%+809+0.4%Added
BW Gestao de Investimentos Ltda.223,583$9.24M0.33%+223,583New
PDT Partners, LLC224,080$9.26M0.60%+190,524+567.8%Added
TCW Group Inc224,381$9.27M0.07%+8,262+3.8%Added
Jain Global LLC225,999$9.34M0.09%+225,999New
Advisor Group Holdings, Inc.226,357$9.36M0.01%+8,752+4.0%Added
State of Tennessee, Treasury Department202,123$9.60M0.03%−22,075−9.8%Reduced
Campbell & CO Investment Adviser LLC238,805$9.87M0.47%+238,805New
Oppenheimer Asset Management Inc.238,840$9.87M0.12%−21,991−8.4%Reduced
Marshall Wace, LLP241,392$9.98M0.01%+241,392New
Parallax Volatility Advisers, L.P.246,168$10.2M0.32%+159,953+185.5%Added
Quadrature Capital Ltd252,452$10.4M0.11%+237,268+1,562.6%Added
Prudential Financial Inc261,367$10.8M0.01%−28,802−9.9%Reduced
Chevy Chase Trust Holdings, Inc.265,665$11.0M0.03%−6,064−2.2%Reduced
Simplex Trading, LLC268,783$11.1M0.31%+268,783New
AQR Capital Management LLC272,097$11.2M0.01%+29,862+12.3%Added
SEI Investments Co288,593$11.9M0.01%−148,881−34.0%Reduced
Tudor Investment Corp Et Al303,995$12.6M0.07%+231,797+321.1%Added
Calamos Advisors LLC318,032$13.1M0.05%−12,915−3.9%Reduced
Trexquant Investment LP323,837$13.4M0.12%+323,837New
Canada Pension Plan Investment Board326,004$13.5M0.01%−36,700−10.1%Reduced
Wells Fargo & Company334,439$13.8M0.00%−29,819−8.2%Reduced
Capital Fund Management S.A.342,324$14.1M0.13%+32,599+10.5%Added
Brandywine Global Investment Management, LLC364,408$15.1M0.10%−6,950−1.9%Reduced
Jones Financial Companies LLLP367,295$15.2M0.01%−64,754−15.0%Reduced
Creative Planning374,747$15.5M0.01%−45,025−10.7%Reduced
Bank of Montreal396,541$16.4M0.01%+41,543+11.7%Added
New York State Teachers Retirement System403,475$16.7M0.03%−3,441−0.8%Reduced
State Board of Administration of Florida Retirement System436,040$18.0M0.03%−47,838−9.9%Reduced
Credit Agricole S A456,012$18.8M0.05%+306,918+205.9%Added
Adage Capital Partners GP, L.L.C.466,877$19.3M0.03%−11,200−2.3%Reduced
Alliancebernstein L.P.479,151$19.8M0.01%−51,693−9.7%Reduced
Russell Investments Group, Ltd.483,913$20.0M0.02%−372,097−43.5%Reduced
M&G Plc505,212$20.7M0.11%+49,328+10.8%Added
Gradient Investments LLC503,336$20.8M0.33%−74,752−12.9%Reduced
First Trust Advisors LP504,547$20.9M0.02%+107,347+27.0%Added
Envestnet Asset Management Inc537,175$22.2M0.01%+14,287+2.7%Added
WS Management LLLP550,000$22.7M3.04%+50,000+10.0%Added
UBS Asset Management Americas Inc568,547$23.5M0.00%+28,952+5.4%Added
Principal Financial Group Inc568,959$23.5M0.01%+5,475+1.0%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.575,639$23.8M0.02%+31,128+5.7%Added
ING Groep NV592,935$24.5M0.15%+483,525+441.9%Added
Millennium Management LLC634,929$26.2M0.02%−2,030,657−76.2%Reduced
Silver Point Capital L.P.650,000$26.9M1.21%+300,000+85.7%Added
Manufacturers Life Insurance Company, The682,846$28.2M0.02%−45,133−6.2%Reduced
Kiltearn Partners LLP713,283$29.5M6.39%−142,100−16.6%Reduced
LPL Financial LLC754,307$31.2M0.01%+19,579+2.7%Added
Nordea Investment Management AB769,203$32.0M0.03%+769,203New
Balyasny Asset Management LLC788,682$32.6M0.06%+788,682New
California Public Employees Retirement System800,715$33.1M0.02%−14,236−1.7%Reduced
PEAK6 LLC805,525$33.3M0.91%+487,207+153.1%Added
Legal & General Group Plc856,393$35.4M0.01%−54,088−5.9%Reduced
Oldfield Partners LLP857,300$35.4M10.05%−6,000−0.7%Reduced
Macquarie Group Ltd878,630$36.3M0.16%−543,660−38.2%Reduced
Deutsche Bank AG883,005$36.5M0.01%−213,704−19.5%Reduced