DaveManuel.com · Institutional Ownership · Who Owns It
SOUTHWEST AIRLS CO (LUV)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
945
Reporting holders
$24.3B
Reported value
92.9%
Of shares outstanding
2.0%
Calls
1.6%
Puts
+67
Holder change
Institutions report 454,628,825 shares against 489,208,201 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ | $2.5B | 48,797,725 | 1.48% | 31q | +3.7%+$88.9M |
| FRANKLIN RESOURCES INC | $2.4B | 46,578,090 | 0.52% | 31q | +4.9%+$112.7M |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.6B | 31,614,180 | 0.03% | 2q | HELD |
| BlackRock, Inc. | $1.5B | 29,917,962 | 0.02% | 8q | +4.7%+$69.1M |
| STATE STREET CORP | $1.5B | 29,326,975 | 0.04% | 31q | -0.7%-$9.9M |
| Elliott Investment Management L.P. | $1.2B | 24,308,000 | 5.51% | 9q | -19.9%-$310.5M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.2B | 23,999,965 | 0.06% | 2q | +3.8%+$44.7M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $715.0M | 13,905,409 | 0.07% | 31q | HELD |
| GEODE CAPITAL MANAGEMENT, LLC | $653.9M | 12,739,007 | 0.03% | 31q | -1.8%-$12.1M |
| AMERIPRISE FINANCIAL INC | $554.0M | 10,777,353 | 0.11% | 31q | +7.9%+$40.8M |
| GOLDMAN SACHS GROUP INC | $535.2M | 10,409,159 | 0.05% | 31q | +195.8%+$354.3M |
| FMR LLC | $494.7M | 9,621,712 | 0.02% | 31q | -1.5%-$7.3M |
| JPMORGAN CHASE & CO | $465.1M incl. $7.7M options CALL+PUT | 8,864,414 | 0.03% | 31q | +101.4%+$234.2M |
| Crake Asset Management LLP | $363.3M | 7,065,875 | 8.69% | 5q | +142.0%+$213.2M |
| Invesco Ltd. | $357.5M | 6,953,490 | 0.03% | 31q | +6.7%+$22.4M |
| UBS Group AG | $355.8M incl. $19.8M options CALL+PUT | 6,534,122 | 0.05% | 31q | +156.9%+$217.3M |
| DIMENSIONAL FUND ADVISORS LP | $311.3M | 6,054,557 | 0.06% | 31q | +5.1%+$15.0M |
| MORGAN STANLEY | $308.1M | 5,991,193 | 0.02% | 35q | +4.5%+$13.4M |
| BANK OF AMERICA CORP /DE/ | $271.3M | 5,276,832 | 0.02% | 31q | -15.9%-$51.2M |
| PAR CAPITAL MANAGEMENT INC | $252.3M | 4,905,756 | 6.25% | 26q | -6.0%-$16.1M |
| Bank of New York Mellon Corp | $234.9M | 4,567,724 | 0.04% | 31q | +16.4%+$33.1M |
| CITADEL ADVISORS LLC | $234.1M incl. $180.3M options CALL+PUT | 1,047,104 | 0.03% | 31q | -45.9%-$198.3M |
| FIRST TRUST ADVISORS LP | $213.2M | 4,145,711 | 0.13% | 31q | +536.7%+$179.7M |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $212.9M | 4,140,634 | 0.77% | 17q | +58.4%+$78.5M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $201.9M incl. $152.6M options CALL+PUT | 958,209 | 0.02% | 31q | +116.9%+$108.8M |
| NORTHERN TRUST CORP | $195.6M | 3,803,338 | 0.02% | 31q | HELD |
| JANE STREET GROUP, LLC | $194.3M incl. $137.0M options CALL+PUT | 1,114,862 | 0.02% | 31q | -60.0%-$291.1M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $172.7M | 3,359,521 | 0.02% | 31q | -1.4%-$2.4M |
| AMERICAN CENTURY COMPANIES INC | $154.8M | 3,011,054 | 0.07% | 31q | +42.3%+$46.1M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $151.8M | 2,951,933 | 0.05% | 3q | +1.1%+$1.6M |
| FEDERATED HERMES, INC. | $144.0M | 2,799,870 | 0.21% | 5q | HELD |
| VANGUARD FIDUCIARY TRUST CO | $141.2M | 2,746,929 | 0.03% | 2q | -0.8%-$1.1M |
| Sound Shore Management Inc /CT/ | $125.5M | 2,441,564 | 3.87% | 7q | +22.0%+$22.6M |
| BARCLAYS PLC | $120.6M | 2,344,513 | 0.02% | 31q | -8.5%-$11.3M |
| RAYMOND JAMES FINANCIAL INC | $118.7M | 2,307,811 | 0.03% | 7q | +14.9%+$15.3M |
| Qube Research & Technologies Ltd | $109.2M incl. $12.6M options CALL+PUT | 1,879,278 | 0.10% | 12q | -63.6%-$190.7M |
| U S GLOBAL INVESTORS INC | $102.1M | 1,985,637 | 9.82% | 31q | +19.0%+$16.3M |
| DEUTSCHE BANK AG\ | $96.8M incl. $12.9M options CALL | 1,633,156 | 0.03% | 34q | +56.8%+$35.1M |
| CITIGROUP INC | $96.7M incl. $33.2M options CALL+PUT | 1,235,768 | 0.03% | 31q | +79.6%+$42.9M |
| NORGES BANK | $92.0M | 1,788,321 | 0.01% | 32q | -57.0%-$122.1M |
| IMC-Chicago, LLC | $90.9M incl. $84.2M options CALL+PUT | 129,324 | 0.02% | 19q | +136.3%+$52.4M |
| WELLS FARGO & COMPANY/MN | $90.8M | 1,766,077 | 0.01% | 31q | +186.7%+$59.1M |
| Teewinot Capital Advisers, L.L.C. | $78.6M | 1,527,872 | 5.68% | 2q | +188.2%+$51.3M |
| Squarepoint Ops LLC | $64.6M incl. $23.4M options CALL+PUT | 800,817 | 0.07% | 23q | +58.0%+$23.7M |
| AQR CAPITAL MANAGEMENT LLC | $64.6M | 1,260,564 | 0.02% | 31q | +102.5%+$32.7M |
| Point72 Asset Management, L.P. | $63.7M incl. $19.7M options CALL+PUT | 856,829 | 0.07% | 6q | HELD |
| MILLENNIUM MANAGEMENT LLC | $61.7M incl. $17.5M options CALL+PUT | 859,542 | 0.02% | 31q | -44.4%-$49.2M |
| Nuveen, LLC | $60.9M | 1,185,105 | 0.01% | 6q | -1.3%-$825.2K |
| Russell Investments Group, Ltd. | $58.8M | 1,143,981 | 0.05% | 31q | +66.3%+$23.5M |
| BNP PARIBAS FINANCIAL MARKETS | $55.1M | 1,071,215 | 0.02% | 15q | +56.7%+$19.9M |
| Vanguard Global Advisers, LLC | $53.5M | 1,041,282 | 0.02% | 2q | -3.7%-$2.1M |
| Bridgewater Associates, LP | $52.6M | 1,022,946 | 0.22% | 3q | +46.1%+$16.6M |
| ROYAL BANK OF CANADA | $52.2M | 1,015,520 | 0.01% | 31q | -8.3%-$4.7M |
| SG Americas Securities, LLC | $51.1M | 994,043 | 0.03% | 31q | -6.4%-$3.5M |
| RHUMBLINE ADVISERS | $50.9M | 990,294 | 0.04% | 31q | -22.3%-$14.6M |
| CAPITAL FUND MANAGEMENT S.A. | $50.9M incl. $4.6M options CALL+PUT | 900,873 | 0.22% | 22q | +266.3%+$37.0M |
| D. E. Shaw & Co., Inc. | $50.6M incl. $12.1M options CALL+PUT | 749,285 | 0.02% | 31q | +90.3%+$24.0M |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $50.2M | 977,046 | 0.25% | 25q | +0.7%+$372.7K |
| HSBC HOLDINGS PLC | $46.3M | 900,590 | 0.02% | 31q | -1.9%-$878.9K |
| COOKSON PEIRCE & CO INC | $42.7M | 830,605 | 1.41% | 2q | -3.8%-$1.7M |
| LPL Financial LLC | $42.0M | 817,307 | 0.01% | 31q | +9.3%+$3.6M |
| Engineers Gate Manager LP | $41.9M | 814,820 | 0.54% | 4q | +75.1%+$18.0M |
| Walleye Trading LLC | $38.4M CALL+PUT | options only | 0.04% | 31q | OPTIONS |
| Legal & General Group Plc | $38.1M | 740,350 | 0.01% | 31q | -13.3%-$5.9M |
| SEI INVESTMENTS CO | $37.6M | 732,177 | 0.03% | 31q | +23.6%+$7.2M |
| ENVESTNET ASSET MANAGEMENT INC | $36.9M | 718,567 | 0.01% | 31q | +12.2%+$4.0M |
| GROUP ONE TRADING LLC | $36.9M incl. $31.8M options CALL+PUT | 100,118 | 0.05% | 31q | +92.2%+$17.7M |
| Dorsal Capital Management, LP | $33.4M | 650,000 | 1.18% | new | NEW |
| Kiltearn Partners LLP | $31.9M | 619,627 | 7.73% | 24q | +5.2%+$1.6M |
| Mitsubishi UFJ Asset Management Co., Ltd. | $31.7M | 615,600 | 0.02% | 31q | +5.4%+$1.6M |
| Trexquant Investment LP | $31.0M | 602,780 | 0.18% | 3q | -26.6%-$11.2M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $30.2M | 587,410 | 0.02% | 31q | -5.1%-$1.6M |
| SHELTON CAPITAL MANAGEMENT | $30.0M | 584,323 | 0.56% | 31q | +23.8%+$5.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $28.8M | 560,059 | 0.01% | 31q | +1.1%+$313.4K |
| Gotham Asset Management, LLC | $28.6M | 556,138 | 0.07% | 6q | +86.0%+$13.2M |
| California Public Employees Retirement System | $28.5M | 553,543 | 0.02% | 31q | -29.5%-$11.9M |
| Gradient Investments LLC | $27.7M | 539,612 | 0.38% | 31q | +19.3%+$4.5M |
| PRINCIPAL FINANCIAL GROUP INC | $27.4M | 532,553 | 0.01% | 31q | -2.7%-$773.7K |
| WS MANAGEMENT LLLP | $27.1M | 526,511 | 2.37% | 7q | -3.7%-$1.0M |
| M&G PLC | $25.9M | 507,343 | 0.13% | 10q | +10.9%+$2.5M |
| Connor, Clark & Lunn Investment Management Ltd. | $25.6M | 496,959 | 0.05% | 3q | +13.2%+$3.0M |
| Interval Partners, LP | $24.9M | 484,600 | 0.64% | new | NEW |
| Creative Planning | $23.6M incl. $7.9K options CALL | 459,533 | 0.01% | 31q | +12.5%+$2.6M |
| BANK OF MONTREAL /CAN/ | $23.6M | 459,668 | 0.01% | 31q | +36.4%+$6.3M |
| Allspring Global Investments Holdings, LLC | $23.2M | 460,661 | 0.04% | 19q | +156.5%+$14.2M |
| Jump Financial, LLC | $23.2M | 451,428 | 0.19% | 2q | +745.9%+$20.5M |
| Vest Financial, LLC | $23.0M | 448,043 | 0.24% | new | NEW |
| CREDIT AGRICOLE S A | $22.4M | 436,068 | 0.05% | 11q | +2.2%+$477.6K |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $22.4M | 435,577 | 0.03% | 6q | -9.9%-$2.5M |
| Amundi | $22.1M | 429,332 | 0.01% | 21q | -70.6%-$53.1M |
| SIMPLEX TRADING, LLC | $21.6M incl. $21.2M options CALL+PUT | 7,940 | 0.01% | 31q | HELD |
| Calamos Advisors LLC | $21.4M | 416,727 | 0.07% | 31q | HELD |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $20.1M | 390,647 | 0.03% | 31q | -1.8%-$364.6K |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $19.9M | 386,415 | 0.04% | 31q | -4.8%-$997.5K |
| JONES FINANCIAL COMPANIES LLLP | $19.7M | 380,358 | 0.01% | 23q | -5.9%-$1.2M |
| Ceredex Value Advisors LLC | $19.7M | 382,300 | 0.55% | 2q | +24.1%+$3.8M |
| PDT Partners, LLC | $17.9M | 348,374 | 0.94% | 6q | +122.1%+$9.8M |
| MARSHALL WACE, LLP | $17.6M incl. $123.4K options CALL | 338,949 | 0.01% | 4q | -33.5%-$8.8M |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $17.1M | 332,055 | 0.06% | 3q | +3317.6%+$16.6M |
| ALLIANCEBERNSTEIN L.P. | $16.7M | 445,493 | 0.01% | 31q | -11.5%-$2.2M |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-10-07 | 13G/A | Franklin Templeton, Inc.with 3 co-filers | 10.2% |
| 2026-10-05 | 13G/A | PRIMECAP MANAGEMENT CO/CA/ | 10.0% |
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-08-12 | 2026-08-10 | Material agreement entered Material agreement terminated | filing |
| 2026-08-10 | 2026-08-10 | Directors or officers departed or appointed | filing |
| 2026-08-07 | 2026-08-05 | Directors or officers departed or appointed | filing |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 284 | $377.6M | 9,069,613 | 32 | 75 | 78 | 0.0% |
| Q2 2026 | 945 | $24.3B | 454,628,825 | 161 | 294 | 278 | 3.6% |
| Q1 2026 | 878 | $17.4B | 435,329,754 | 128 | 265 | 275 | 6.2% |
| Q4 2025 | 862 | $21.0B | 486,490,478 | 126 | 217 | 277 | 4.2% |
| Q3 2025 | 783 | $17.9B | 527,614,247 | 75 | 227 | 256 | 6.2% |
| Q2 2025 | 814 | $17.7B | 504,787,892 | 98 | 223 | 297 | 7.5% |
| Q1 2025 | 831 | $18.9B | 529,872,390 | 100 | 239 | 278 | 5.6% |
| Q4 2024 | 842 | $19.4B | 550,720,504 | 79 | 226 | 265 | 4.7% |
| Q3 2024 | 809 | $17.2B | 543,013,788 | 109 | 205 | 301 | 6.2% |
| Q2 2024 | 778 | $16.7B | 541,682,348 | 83 | 216 | 271 | 7.1% |
| Q1 2024 | 797 | $15.4B | 495,636,513 | 96 | 212 | 299 | 5.8% |
| Q4 2023 | 800 | $15.2B | 486,162,611 | 78 | 204 | 316 | 7.4% |
| Q3 2023 | 775 | $13.7B | 478,851,836 | 68 | 216 | 300 | 5.3% |
| Q2 2023 | 864 | $17.8B | 466,377,423 | 80 | 217 | 335 | 5.0% |
| Q1 2023 | 862 | $15.6B | 461,631,038 | 73 | 252 | 317 | 3.8% |
| Q4 2022 | 929 | $15.8B | 448,257,198 | 107 | 244 | 336 | 4.5% |
| Q3 2022 | 863 | $36.7B | 1,168,654,874 | 69 | 263 | 293 | 1.6% |
| Q2 2022 | 934 | $50.1B | 2,190,711,376 | 64 | 293 | 331 | 1.5% |
| Q1 2022 | 998 | $32.4B | 1,208,649,793 | 111 | 316 | 326 | 3.2% |
| Q4 2021 | 991 | $42.1B | 941,618,898 | 84 | 292 | 344 | 4.1% |
| Q3 2021 | 1,024 | $47.6B | 897,948,052 | 103 | 351 | 316 | 2.9% |
| Q2 2021 | 1,024 | $53.1B | 1,757,877,750 | 83 | 349 | 320 | 2.0% |
| Q1 2021 | 1,066 | $55.5B | 1,040,054,580 | 167 | 314 | 351 | 2.4% |
| Q4 2020 | 1,021 | $42.5B | 1,134,635,599 | 148 | 354 | 270 | 3.6% |
| Q3 2020 | 880 | $40.6B | 1,326,365,607 | 114 | 311 | 283 | 2.3% |
| Q2 2020 | 888 | $38.3B | 1,208,906,171 | 209 | 339 | 222 | 2.3% |
| Q1 2020 | 797 | $36.5B | 5,056,096,947 | 90 | 247 | 324 | 1.1% |
| Q4 2019 | 898 | $61.4B | 4,791,165,775 | 64 | 253 | 327 | 0.8% |
| Q3 2019 | 846 | $66.4B | 4,658,508,171 | 64 | 245 | 337 | 0.6% |
| Q2 2019 | 879 | $61.8B | 4,598,143,726 | 65 | 276 | 322 | 1.0% |
| Q1 2019 | 892 | $61.3B | 5,078,192,730 | 101 | 300 | 288 | 1.1% |
| Q4 2018 | 886 | $64.9B | 4,864,042,432 | 12 | 11 | 19 | 0.7% |