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
516,449,495
Price per share
$41.33
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
514,898,966
Total reported value
$16,431,211,979
% of total 13F portfolios
0.01%
Share change
+13,076,401
Value change
+$411,261,285
Number of holders
748
Price from insider filings
$41.33
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. 9.9% +2% $1,701,556,480 51,128,500 0% Elliott Investment Management L.P. 12 Dec 2025
FRANKLIN RESOURCES INC 6.7% +34% $1,107,293,934 +$166,607,310 35,410,743 +18% Franklin Resources, Inc. 30 Jun 2025
Capital World Investors 4.4% $671,231,327 26,026,806 Capital World Investors 28 Feb 2025

As of 30 Sep 2025, 748 institutional investors reported holding 514,898,966 shares of SOUTHWEST AIRLINES CO - Common Stock, par value $1.00 per share (LUV). This represents 100% of the company’s total 516,449,495 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 82% 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% 61,040,835 -7.7% 0.03% $1,947,813,044
Elliott Investment Management L.P. 9.9% 51,128,500 -5.3% 12% $1,631,510,435
PRIMECAP MANAGEMENT CO/CA/ 9.3% 47,996,113 -1.7% 1.2% $1,531,555,968
FRANKLIN RESOURCES INC 7.3% 37,487,566 +6.1% 0.3% $1,196,228,232
STATE STREET CORP 6.3% 32,562,717 -5.5% 0.04% $1,039,076,299
BlackRock, Inc. 5.5% 28,594,289 -8.4% 0.02% $912,443,752
UBS Group AG 5.5% 28,282,033 +174% 0.18% $902,479,672
PRICE T ROWE ASSOCIATES INC /MD/ 3.6% 18,576,163 -3.1% 0.06% $592,767,000
GEODE CAPITAL MANAGEMENT, LLC 2.5% 13,034,898 -6.6% 0.03% $415,157,523
AMERIPRISE FINANCIAL INC 2.4% 12,335,167 +44% 0.09% $393,615,458
JPMORGAN CHASE & CO 2.4% 12,218,086 +11% 0.02% $389,879,192
Artisan Partners Limited Partnership 2.1% 10,748,649 -0.14% 0.49% $342,989,390
GOLDMAN SACHS GROUP INC 1.7% 8,897,240 +161% 0.04% $283,910,940
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.7% 8,863,872 -12% 0.18% $282,846,156
Invesco Ltd. 1.3% 6,837,197 +9.2% 0.03% $218,174,956
BANK OF AMERICA CORP /DE/ 1.2% 6,338,985 +5.4% 0.02% $202,276,998
MORGAN STANLEY 1.2% 5,983,584 +1.8% 0.01% $190,936,254
DIMENSIONAL FUND ADVISORS LP 1.1% 5,808,994 -0.18% 0.04% $185,408,842
PAR CAPITAL MANAGEMENT INC 0.96% 4,950,192 -16% 4.7% $157,960,627
AMERICAN CENTURY COMPANIES INC 0.86% 4,425,339 +0.6% 0.07% $141,212,663
NORTHERN TRUST CORP 0.78% 4,027,471 -7.6% 0.02% $128,516,599
Interval Partners, LP 0.78% 4,017,235 2.7% $128,189,969
NOMURA HOLDINGS INC 0.75% 3,862,036 +20% 0.66% $123,237,568
FMR LLC 0.71% 3,663,067 -40% 0.01% $116,888,491
JACOBS LEVY EQUITY MANAGEMENT, INC 0.7% 3,625,754 +2.9% 0.46% $115,697,810

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 7,578,407 $313,446,065 +$179,256,074 $41.33 43
2025 Q3 514,898,966 $16,431,211,979 +$411,261,285 $31.91 748
2025 Q2 501,258,856 $16,267,021,945 -$885,110,254 $32.44 784
2025 Q1 528,373,845 $17,744,501,044 -$702,527,595 $33.58 797
2024 Q4 548,921,381 $18,459,792,713 +$333,805,043 $33.62 813
2024 Q3 539,202,221 $16,021,410,695 +$102,716,907 $29.63 787
2024 Q2 536,431,147 $15,346,137,900 +$1,662,953,609 $28.61 755
2024 Q1 478,008,027 $13,953,359,965 +$449,246,303 $29.19 774
2023 Q4 349,184 $10,085,007 +$1,752,254 $28.88 10
2023 Q3 477,040,309 $12,914,057,108 +$258,111,229 $27.07 734
2023 Q2 464,983,742 $16,841,037,825 +$511,453,194 $36.21 830
2023 Q1 452,415,387 $14,720,340,670 +$188,950,784 $32.54 824
2022 Q4 444,315,394 $14,961,245,634 +$32,821,510 $33.67 899
2022 Q3 441,385,114 $13,622,774,163 -$747,323,402 $30.84 838
2022 Q2 434,237,553 $15,664,929,547 -$28,482,058 $36.12 898
2022 Q1 452,819,928 $20,736,795,936 -$9,417,097 $45.80 974
2021 Q4 449,609,600 $19,265,054,955 -$249,098,371 $42.84 949
2021 Q3 457,165,143 $23,512,232,179 +$5,046,867 $51.43 998
2021 Q2 455,309,494 $24,169,000,946 -$344,562,339 $53.09 1,002
2021 Q1 461,475,526 $28,176,881,644 +$911,057,584 $61.06 1,044
2020 Q4 423,824,427 $19,754,084,621 +$90,862,006 $46.61 983
2020 Q3 433,096,100 $16,241,583,930 +$307,139,533 $37.50 851
2020 Q2 415,734,109 $14,199,846,301 +$207,290,290 $34.18 849
2020 Q1 410,421,548 $14,590,002,000 -$879,616,795 $35.61 753
2019 Q4 435,985,822 $23,531,146,688 +$255,955,402 $53.98 879
2019 Q3 435,467,822 $23,513,162,278 -$219,616,228 $54.01 834
2019 Q2 435,325,894 $22,084,224,664 -$167,925,610 $50.78 857
2019 Q1 447,411,391 $23,203,659,199 +$709,087,831 $51.91 868
2018 Q4 434,551,266 $20,180,643,736 -$420,013,626 $46.48 851
2018 Q3 447,778,971 $27,923,111,390 +$102,472,349 $62.45 865
2018 Q2 443,385,100 $22,533,339,302 -$829,091,382 $50.88 854
2018 Q1 456,455,291 $26,114,065,083 -$419,429,389 $57.28 863
2017 Q4 471,143,669 $30,786,734,802 +$114,085,722 $65.45 899
2017 Q3 460,738,314 $25,789,414,137 -$436,515,182 $55.98 789
2017 Q2 469,046,052 $29,137,970,524 -$387,737,164 $62.14 797
2017 Q1 475,161,330 $25,543,087,687 +$1,302,370,861 $53.76 769
2016 Q4 497,130,542 $24,752,385,696 +$1,039,492,384 $49.84 731
2016 Q3 473,495,846 $18,409,655,711 -$524,173,101 $38.89 713
2016 Q2 484,832,081 $19,009,269,374 -$944,392,788 $39.21 732
2016 Q1 509,753,979 $22,834,986,051 +$23,997,974 $44.80 757
2015 Q4 509,008,796 $21,918,088,160 +$10,689,714 $43.06 738
2015 Q3 494,446,436 $18,809,076,366 -$125,000,853 $38.04 671
2015 Q2 504,594,096 $16,698,306,948 -$423,574,144 $33.09 667
2015 Q1 520,660,248 $23,066,104,172 -$45,979,217 $44.30 711
2014 Q4 522,263,373 $22,107,800,056 -$588,259,678 $42.32 681
2014 Q3 535,548,091 $18,084,364,271 -$428,140,657 $33.77 577
2014 Q2 546,121,586 $14,675,263,826 -$87,029,650 $26.86 558
2014 Q1 552,673,723 $13,048,914,420 +$35,779,259 $23.61 502