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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
Oppenheimer & Co Inc59,435$2.46M0.03%−1,793−2.9%Reduced
Oregon Public Employees Retirement Fund59,220$2.45M0.03%−800−1.3%Reduced
Delta Global Management LP59,186$2.45M0.18%−17,690−23.0%Reduced
Redwood Investment Management, LLC58,611$2.42M0.27%+19,989+51.8%Added
Caption Management, LLC56,275$2.33M0.10%−73,900−56.8%Reduced
Mutual of America Capital Management LLC55,545$2.30M0.02%−1,399−2.5%Reduced
UniSuper Management Pty Ltd55,448$2.29M0.01%−18,759−25.3%Reduced
Yousif Capital Management, LLC53,714$2.28M0.02%−3,769−6.6%Reduced
APG Asset Management N.V.63,349$2.23M0.01%+63,349New
Harvest Portfolios Group Inc.53,747$2.22M0.04%−3,266−5.7%Reduced
North Dakota State Investment Board52,968$2.19M0.08%+52,968New
Employees Retirement System of Texas51,995$2.15M0.02%−20,657−28.4%Reduced
JustInvest LLC51,779$2.14M0.02%+2,819+5.8%Added
Avanza Fonder AB51,704$2.14M0.05%00.0%Unchanged
State of Alaska, Department of Revenue51,324$2.12M0.02%−4,770−8.5%Reduced
Mirae Asset Global ETFs Holdings Ltd.50,930$2.10M0.00%−591−1.1%Reduced
Schroder Investment Management Group49,621$2.05M0.00%+49,621New
Greenfield Seitz Capital Management, LLC49,400$2.04M0.67%−2,156−4.2%Reduced
Mattson Financial Services, LLC46,939$1.94M0.45%−10,033−17.6%Reduced
S&T Bank46,889$1.94M0.61%−8,477−15.3%Reduced
Teachers Retirement System of the State of Kentucky46,819$1.94M0.01%00.0%Unchanged
Tanglewood Legacy Advisors, LLC46,464$1.92M0.72%00.0%Unchanged
Xponance, Inc.46,415$1.92M0.01%+2,722+6.2%Added
Rakuten Investment Management, Inc.46,124$1.90M0.01%+46,029+48,451.6%Added
Atria Investments LLC45,889$1.90M0.02%−77−0.2%Reduced
Walleye Capital LLC45,766$1.89M0.01%+45,766New
Maverick Capital LtdSuperinvestorMaverick Capital43,518$1.80M0.02%+43,518New
Pathstone Holdings, LLC42,183$1.74M0.01%+3,662+9.5%Added
Pacer Advisors, Inc.42,150$1.74M0.00%−27,132−39.2%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH40,936$1.69M0.00%−35,072−46.1%Reduced
DekaBank Deutsche Girozentrale55,953$1.64M0.00%00.0%Unchanged
STRS Ohio39,437$1.63M0.01%+28,172+250.1%Added
Adviser Investments LLC39,435$1.63M0.02%−12,521−24.1%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.39,102$1.62M0.01%−1,673−4.1%Reduced
Cerity Partners LLC39,176$1.62M0.00%+2,328+6.3%Added
Wiley Bros.-Aintree Capital, LLC38,802$1.60M0.01%+16,793+76.3%Added
Wealth Enhancement Advisory Services, LLC36,047$1.53M0.00%+1,026+2.9%Added
MML Investors Services, LLC36,627$1.51M0.00%+5,510+17.7%Added
Everence Capital Management Inc36,394$1.50M0.09%00.0%Unchanged
Concurrent Investment Advisors, LLC36,224$1.50M0.02%+1,757+5.1%Added
Verdence Capital Advisors LLC35,988$1.49M0.09%+7,831+27.8%Added
Total Investment Management Inc35,659$1.47M0.19%00.0%Unchanged
Inceptionr LLC34,418$1.42M0.39%+15,432+81.3%Added
Meeder Asset Management Inc34,088$1.41M0.08%+15,518+83.6%Added
Altfest L J & Co Inc33,943$1.40M0.15%+33,943New
ISAM Funds (UK) Ltd33,925$1.40M0.50%−12,414−26.8%Reduced
Crossmark Global Holdings, Inc.33,550$1.39M0.02%+3,194+10.5%Added
Caxton Associates LLP33,247$1.37M0.03%+33,247New
Portside Wealth Group, LLC32,692$1.35M0.18%−609−1.8%Reduced
Wealthfront Advisers LLC32,317$1.34M0.00%+5,181+19.1%Added
Mizuho Securities USA LLC37,656$1.31M0.02%−595−1.6%Reduced
Colony Group, LLC31,601$1.31M0.00%+22,817+259.8%Added
Norden Group LLC30,052$1.24M0.12%+499+1.7%Added
Sequoia Financial Advisors, LLC29,852$1.23M0.01%+8,643+40.8%Added
Hartford Investment Management Co29,822$1.23M0.04%−908−3.0%Reduced
Kentucky Retirement Systems29,579$1.22M0.03%00.0%Unchanged
VARCOV Co.29,573$1.22M0.48%+29,573New
Lido Advisors, LLC34,376$1.22M0.00%−4,358−11.3%Reduced
Occudo Quantitative Strategies LP29,387$1.21M0.08%+29,387New
QRG Capital Management, Inc.29,083$1.20M0.01%+2,334+8.7%Added
Allworth Financial LP28,746$1.19M0.00%−1,729−5.7%Reduced
California State Teachers Retirement System28,678$1.19M0.00%+769+2.8%Added
Neuberger Berman Group LLC28,505$1.18M0.00%+2,826+11.0%Added
Bank of Hawaii28,089$1.16M0.06%−1,341−4.6%Reduced
Stoneridge Investment Partners LLC27,865$1.15M0.80%−8,431−23.2%Reduced
CWM, LLC27,848$1.15M0.00%−877−3.1%Reduced
Winton Group Ltd27,734$1.15M0.04%−3,906−12.3%Reduced
CIBC World Markets Inc.27,258$1.13M0.00%−1,888,745−98.6%Reduced
Monticello Wealth Management, LLC26,841$1.11M0.07%00.0%Unchanged
Change Path, LLC26,716$1.10M0.03%−5,805−17.9%Reduced
Brown Financial Advisors26,683$1.10M0.40%−5,817−17.9%Reduced
Louisiana State Employees Retirement System26,400$1.09M0.02%−1,200−4.3%Reduced
Ethic Inc.26,349$1.09M0.02%+885+3.5%Added
CenterBook Partners LP25,358$1.05M0.05%+13,655+116.7%Added
Sterling Capital Management LLC24,789$1.02M0.02%−1,350−5.2%Reduced
New Mexico Educational Retirement Board24,504$1.01M0.03%−1,200−4.7%Reduced
Utah Retirement Systems24,441$1.01M0.01%−481−1.9%Reduced
Empower Advisory Group, LLC24,346$1.01M0.00%+2,321+10.5%Added
Ci Investments Inc.23,857$986.0K0.00%+20,312+573.0%Added
Cooper Financial Group23,745$981.4K0.10%−1,026−4.1%Reduced
Fifth Third Bancorp23,552$973.4K0.00%+10.0%Added
Allspring Global Investments Holdings, LLC23,554$972.8K0.00%−184−0.8%Reduced
MBM Wealth Consultants, LLC23,360$965.5K0.23%+60+0.3%Added
Maryland State Retirement & Pension System23,246$960.8K0.02%−1,600−6.4%Reduced
Norinchukin Bank, The23,159$957.2K0.01%+103+0.4%Added
Fiduciary Trust Co23,085$954.1K0.01%−1,945−7.8%Reduced
Howard Financial Services, Ltd.22,726$939.3K0.11%+125+0.6%Added
Summit Trail Advisors, LLC22,616$938.5K0.02%−29,787−56.8%Reduced
U.S. Capital Wealth Advisors, LLC22,564$932.6K0.02%+192+0.9%Added
SFMG, LLC22,411$926.3K0.06%−29,422−56.8%Reduced
Prime Capital Investment Advisors, LLC22,404$926.0K0.01%+1,800+8.7%Added
Icon Advisers Inc22,400$925.8K0.20%00.0%Unchanged
Savant Capital, LLC22,090$913.0K0.01%+4,646+26.6%Added
Sig Brokerage, LP21,756$899.2K0.30%−2,624−10.8%Reduced
Northwestern Mutual Wealth Management Co21,549$890.6K0.00%+4,744+28.2%Added
First Command Advisory Services, Inc.21,371$883.3K0.01%+631+3.0%Added
MAI Capital Management21,358$882.7K0.01%+13,265+163.9%Added
MUFG Securities EMEA plc21,201$876.2K0.01%+11,149+110.9%Added
RFG Advisory, LLC21,188$875.7K0.02%+12+0.1%Added
Baird Financial Group, Inc.21,174$875.1K0.00%−2,483−10.5%Reduced