$LUV

$42.85 +$1.10 (2.63%) Close

$LUV Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 489.6M shares outstanding

Who owns LUV?

By type of holder

Institutions 92.6% Insiders 1.2% Everyone else 6.2%

Concentration Top 10 holders own 55.5%

Primecap Management Co/ca/ 10.0% · Franklin Resources Inc 9.5%

Institutional ownership

92.6%

+3.7 pts vs last qtr

Institutional holders

931

+59 vs last qtr

Net shares bought

+18.0M

by institutions in Q2 2026

New / sold out

167 / 108

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Goldman Sachs Group Inc +6.9M
Jpmorgan Chase & Co +4.5M

Biggest sellers in Q2 2026

Elliott Investment Management L.P. −6.0M
Arrowstreet Capital, Limited Partnership −4.7M

Who is planning to sell?

Notices of proposed sale, last 12 months

$800K

2 notices from 2 people

Shares covered

18.1K

0.00% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Cush C. David Director $498K
Jones Justin Officer $302K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−11.8%

−1.39% a year

Each share's claim on the business

+13.4%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$10.6B vs —

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years82% 3–5 years2% 1–3 years11% Under 1 year5%

Quarterly turnover

10.0%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting LUV on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
PM Primecap Management Co/ca/	48.8M	9.97%	+1.7M (+3.7%)	≤2021	1.5%
Shares held by quarter Peak holding49.7M (Q1'25) Change over 8 quarters−871.8K Share of the company9.970% Primecap Management Co/ca/'s full portfolio →
FR Franklin Resources Inc	46.6M	9.51%	+2.2M (+4.9%)	≤2021	0.5%
Shares held by quarter Peak holding46.6M (Q2'26) Change over 8 quarters+16.5M Share of the company9.510% Franklin Resources Inc's full portfolio →

Primecap Management Co/ca/

48.8M

% of company

9.97%

Change vs last qtr

+1.7M (+3.7%)

Held since

≤2021

Franklin Resources Inc

46.6M

% of company

9.51%

Change vs last qtr

+2.2M (+4.9%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Southwest Airlines Co, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting LUV on Form N-PORT; together they hold 49.7% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VP Vanguard Primecap Fund Vanguard Chester Funds	$1.36B	26.4M	5.38%	1.41%	June 30, 2026
PL Putnam Large Cap Value Fund Putnam Large Cap Value Fund	$863M	19.2M	3.92%	1.56%	July 31, 2026

Vanguard Primecap Fund

Vanguard Chester Funds

Position value

$1.36B

% of company

5.38%

% of the fund

1.41%

As of

June 30, 2026

Putnam Large Cap Value Fund

Position value

$863M

% of company

3.92%

% of the fund

1.56%

As of

July 31, 2026

23 more funds behind a free account

See every fund holding Southwest Airlines Co and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
GR Gangwal Rakesh Insider	3.6M	0.74%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.740% Gangwal Rakesh's insider activity →
JR Jordan Robert E Insider	669.0K	0.14%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.140% Jordan Robert E's insider activity →

Gangwal Rakesh

Insider

3.6M

% of company

0.74%

Change vs last qtr

—

Held since

—

Jordan Robert E

Insider

669.0K

% of company

0.14%

Change vs last qtr

—

Held since

—

22 more holders behind a free account

See every insider and 5%+ holder of Southwest Airlines Co.

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