SOUTHWEST AIRLINES CO - Common Stock, par value $1.00 per share (LUV) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock, par value $1.00 per share
Symbol
LUV on NYSE
Shares outstanding
493,279,570
Price per share
$48.50
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
483,540,884
Total reported value
$19,989,537,956
% of total 13F portfolios
0.01%
Share change
-30,551,459
Value change
-$1,070,089,809
Number of holders
822
Price from insider filings
$48.50
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of SOUTHWEST AIRLINES CO - Common Stock, par value $1.00 per share (LUV) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Elliott Investment Management L.P. 9.3% +3.3% $2,224,937,500 -$35,162,500 45,875,000 -1.6% Elliott Investment Management L.P. 19 Feb 2026
FRANKLIN RESOURCES INC 7.8% +16% $1,661,495,945 +$197,962,855 40,200,530 +14% Franklin Resources, Inc. 31 Dec 2025
Capital World Investors 4.4% $693,614,380 26,026,806 Capital World Investors 28 Feb 2025

As of 31 Dec 2025, 822 institutional investors reported holding 483,540,884 shares of SOUTHWEST AIRLINES CO - Common Stock, par value $1.00 per share (LUV). This represents 98% of the company’s total 493,279,570 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of SOUTHWEST AIRLINES CO - Common Stock, par value $1.00 per share (LUV) together control 80% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 12% 60,577,139 -0.76% 0.04% $2,503,653,155
Elliott Investment Management L.P. 10% 51,128,500 0% 14% $2,113,140,905
PRIMECAP MANAGEMENT CO/CA/ 9.6% 47,392,095 -1.3% 1.5% $1,958,715,287
FRANKLIN RESOURCES INC 8.1% 40,200,530 +7.2% 0.41% $1,661,487,911
STATE STREET CORP 6.3% 31,222,774 -4.1% 0.04% $1,296,182,223
BlackRock, Inc. 5.9% 29,251,393 +2.3% 0.02% $1,208,960,096
PRICE T ROWE ASSOCIATES INC /MD/ 3.5% 17,165,941 -7.6% 0.08% $709,470,000
GOLDMAN SACHS GROUP INC 3.4% 16,624,218 +87% 0.1% $687,078,936
GEODE CAPITAL MANAGEMENT, LLC 2.6% 12,891,913 -1.1% 0.03% $531,876,939
AMERIPRISE FINANCIAL INC 2% 9,744,627 -21% 0.09% $402,768,203
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.6% 7,791,167 -12% 0.19% $322,008,932
UBS Group AG 1.5% 7,465,069 -74% 0.06% $308,531,302
BANK OF AMERICA CORP /DE/ 1.4% 6,935,899 +9.4% 0.02% $286,660,701
MORGAN STANLEY 1.3% 6,228,475 +4.1% 0.02% $257,423,031
JPMORGAN CHASE & CO 1.2% 6,031,298 -51% 0.02% $249,273,621
Invesco Ltd. 1.2% 5,819,663 -15% 0.04% $240,526,672
DIMENSIONAL FUND ADVISORS LP 1.1% 5,645,321 -2.8% 0.05% $233,313,459
PAR CAPITAL MANAGEMENT INC 1% 4,950,192 0% 5.5% $204,591,435
NORGES BANK 0.84% 4,162,540 0.02% $172,037,778
NOMURA HOLDINGS INC 0.8% 3,930,511 +1.8% 1.2% $162,448,020
NORTHERN TRUST CORP 0.79% 3,921,107 -2.6% 0.02% $162,059,354
SG Americas Securities, LLC 0.76% 3,752,352 +2468% 0.2% $155,085,000
Bank of New York Mellon Corp 0.76% 3,747,665 +41% 0.03% $154,890,992
FMR LLC 0.76% 3,736,557 +2% 0.01% $154,431,857
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.71% 3,494,789 +2% 0.02% $144,439,629

Institutional Holders of SOUTHWEST AIRLINES CO - Common Stock, par value $1.00 per share (LUV) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 483,540,884 $19,989,537,956 -$1,070,089,809 $41.33 822
2025 Q3 514,921,425 $16,431,837,486 +$412,744,892 $31.91 754
2025 Q2 501,258,856 $16,267,021,945 -$885,110,319 $32.44 784
2025 Q1 528,528,782 $17,749,703,922 -$702,339,497 $33.58 801
2024 Q4 549,047,621 $18,464,294,182 +$302,420,593 $33.62 822
2024 Q3 540,288,324 $16,053,588,996 +$136,997,349 $29.63 787
2024 Q2 536,353,198 $15,343,904,557 +$1,633,385,900 $28.61 753
2024 Q1 478,955,915 $13,981,028,017 +$470,640,603 $29.19 777
2023 Q4 475,768,910 $13,746,901,697 -$52,228,987 $28.88 781
2023 Q3 477,796,781 $12,934,660,171 +$245,241,646 $27.07 751
2023 Q2 465,995,263 $16,877,665,062 +$535,602,749 $36.21 840
2023 Q1 452,665,303 $14,728,473,002 +$158,456,749 $32.54 833
2022 Q4 448,260,911 $15,094,092,114 +$46,669,135 $33.67 912
2022 Q3 445,691,670 $13,755,925,474 -$751,886,360 $30.84 855
2022 Q2 453,026,310 $16,367,166,211 +$18,668,709 $36.12 914
2022 Q1 453,468,466 $20,766,498,014 -$10,287,506 $45.80 990
2021 Q4 453,792,314 $19,444,109,841 -$280,901,093 $42.84 968
2021 Q3 458,066,055 $23,558,600,715 +$19,759,922 $51.43 1,003
2021 Q2 457,394,573 $24,279,116,706 -$353,475,389 $53.09 1,008
2021 Q1 463,232,155 $28,285,980,597 +$946,554,185 $61.06 1,052
2020 Q4 450,426,678 $20,994,092,495 +$604,646,863 $46.61 997
2020 Q3 438,665,657 $16,450,460,487 +$271,395,310 $37.50 859
2020 Q2 431,562,427 $14,740,717,902 +$382,966,298 $34.18 857
2020 Q1 421,280,652 $14,976,578,764 -$896,063,219 $35.61 768
2019 Q4 443,535,888 $23,938,691,970 +$264,943,499 $53.98 891
2019 Q3 437,805,764 $23,639,426,243 -$264,049,870 $54.01 840
2019 Q2 442,982,848 $22,473,035,883 -$373,901,376 $50.78 865
2019 Q1 454,620,262 $23,577,868,058 +$666,691,718 $51.91 874
2018 Q4 442,379,496 $20,548,503,710 -$406,996,177 $46.48 864
2018 Q3 448,449,237 $27,964,906,673 +$46,725,515 $62.45 871
2018 Q2 449,249,172 $22,831,703,331 -$1,085,293,680 $50.88 859
2018 Q1 465,324,001 $26,622,551,750 -$424,284,993 $57.28 870
2017 Q4 471,478,488 $30,808,642,776 +$79,001,851 $65.45 906
2017 Q3 469,433,174 $26,277,979,810 -$464,069,224 $55.98 796
2017 Q2 478,001,071 $29,694,432,723 -$408,609,079 $62.14 802
2017 Q1 485,131,030 $26,079,348,921 +$1,300,191,765 $53.76 775
2016 Q4 497,580,585 $24,774,954,159 +$1,270,985,996 $49.84 737
2016 Q3 473,686,405 $18,417,063,711 -$517,325,041 $38.89 716
2016 Q2 487,489,606 $19,113,456,999 -$934,477,947 $39.21 740
2016 Q1 509,765,597 $22,835,505,051 +$17,945,740 $44.80 760
2015 Q4 509,137,839 $21,924,622,160 +$12,963,730 $43.06 743
2015 Q3 509,137,379 $19,367,919,366 -$62,709,311 $38.04 675
2015 Q2 511,486,345 $16,926,356,948 -$409,247,726 $33.09 669
2015 Q1 520,971,119 $23,079,873,978 -$45,685,795 $44.30 714
2014 Q4 522,270,662 $22,108,108,056 -$578,012,789 $42.32 683
2014 Q3 535,549,553 $18,084,413,271 -$429,042,470 $33.77 578
2014 Q2 549,304,480 $14,760,742,921 -$143,423,029 $26.86 558
2014 Q1 560,583,813 $13,234,689,420 +$39,798,318 $23.61 505