Who owns Southwest Airlines (LUV)
Which tracked institutional funds hold LUV, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LUV company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
304 tracked funds added or opened LUV while 108 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
LUV’s largest tracked holder by dollar value, PRIMECAP MANAGEMENT CO/CA/, sizes it at 1.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LUV divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 879 tracked filers holding LUV, 463 increased or opened the position and 413 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in LUV between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 40
- Dorsal Capital Management, LP$33M
- Interval Partners, LP$25M
- Vest Financial, LLC$23M
- Mediolanum International Funds Ltd$10M
- KLCM Advisors, Inc.$10M
- NewEdge Advisors, LLC$7M
Full exits 64
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$110M
- Amundi$55M
- SG Americas Securities, LLC$40M
- NORDEA INVESTMENT MANAGEMENT AB$39M
- NEW YORK STATE TEACHERS RETIREMENT SYSTEM$15M
- Y-Intercept (Hong Kong) Ltd$14M
Largest adds
- PRIMECAP MANAGEMENT CO/CA/$741M
- FRANKLIN RESOURCES INC$727M
- BlackRock, Inc.$652M
- VANGUARD CAPITAL MANAGEMENT LLC$437M
- GOLDMAN SACHS GROUP INC$403M
- STATE STREET CORP$399M
Largest trims
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$175M
- Qube Research & Technologies Ltd$97M
- JANE STREET GROUP, LLC$47M
- BALYASNY ASSET MANAGEMENT L.P.$29M
- CITADEL ADVISORS LLC$16M
- MILLENNIUM MANAGEMENT LLC$14M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ added | 48,797,725 | $2.5B | 11.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 46,578,090 | $2.4B | 10.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 31,614,180 | $1.6B | 7.3% | 2026-Q2 |
| BlackRock, Inc. added | 29,917,962 | $1.5B | 6.9% | 2026-Q2 |
| STATE STREET CORP trimmed | 29,326,975 | $1.5B | 6.8% | 2026-Q2 |
| Elliott Investment Management L.P. trimmed | 24,308,000 | $1.2B | 5.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 23,999,965 | $1.2B | 5.5% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 13,905,409 | $715M | 3.2% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 12,739,007 | $654M | 2.9% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 10,777,353 | $554M | 2.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 10,409,159 | $535M | 2.4% | 2026-Q2 |
| FMR LLC trimmed | 9,621,712 | $495M | 2.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 8,864,414 | $457M | 2.1% | 2026-Q2 |
| Crake Asset Management LLP added | 7,065,875 | $363M | 1.6% | 2026-Q2 |
| Invesco Ltd. added | 6,953,490 | $358M | 1.6% | 2026-Q2 |
| UBS Group AG added | 6,534,122 | $336M | 1.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 6,054,557 | $311M | 1.4% | 2026-Q2 |
| MORGAN STANLEY added | 5,991,193 | $308M | 1.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,276,832 | $271M | 1.2% | 2026-Q2 |
| PAR CAPITAL MANAGEMENT INC trimmed | 4,905,756 | $252M | 1.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 4,567,724 | $235M | 1.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 4,145,711 | $213M | 1.0% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 4,140,634 | $213M | 1.0% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 3,803,338 | $196M | 0.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 3,359,521 | $173M | 0.8% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 3,011,054 | $155M | 0.7% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 2,951,933 | $152M | 0.7% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 2,799,870 | $144M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 2,746,929 | $141M | 0.6% | 2026-Q2 |
| Sound Shore Management Inc /CT/ added | 2,441,564 | $126M | 0.6% | 2026-Q2 |
| BARCLAYS PLC trimmed | 2,344,513 | $121M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 2,307,811 | $119M | 0.5% | 2026-Q2 |
| U S GLOBAL INVESTORS INC added | 1,985,637 | $102M | 0.5% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 1,879,278 | $97M | 0.4% | 2026-Q2 |
| NORGES BANK added | 1,788,321 | $92M | 0.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,766,077 | $91M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 1,633,156 | $84M | 0.4% | 2026-Q2 |
| Teewinot Capital Advisers, L.L.C. added | 1,527,872 | $79M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 1,260,564 | $65M | 0.3% | 2026-Q2 |
| CITIGROUP INC added | 1,235,768 | $64M | 0.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 1,185,105 | $61M | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 1,143,981 | $59M | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 1,114,862 | $57M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,071,215 | $55M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 1,047,104 | $54M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 1,041,282 | $54M | 0.2% | 2026-Q2 |
| Bridgewater Associates, LP added | 1,022,946 | $53M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,015,520 | $52M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 990,294 | $51M | 0.2% | 2026-Q2 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 977,046 | $50M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 958,209 | $49M | 0.2% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 900,873 | $46M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 900,590 | $46M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 859,542 | $44M | 0.2% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 856,829 | $44M | 0.2% | 2026-Q2 |
| COOKSON PEIRCE & CO INC trimmed | 830,605 | $43M | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 817,307 | $42M | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP added | 814,820 | $42M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 800,817 | $41M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 749,285 | $39M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 740,350 | $38M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO added | 732,177 | $38M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 718,567 | $37M | 0.2% | 2026-Q2 |
| Dorsal Capital Management, LP new | 650,000 | $33M | 0.2% | 2026-Q2 |
| Kiltearn Partners LLP added | 619,627 | $32M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 615,600 | $32M | 0.1% | 2026-Q2 |
| Trexquant Investment LP trimmed | 602,780 | $31M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 587,410 | $30M | 0.1% | 2026-Q2 |
| SHELTON CAPITAL MANAGEMENT added | 584,323 | $30M | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 560,059 | $29M | 0.1% | 2026-Q2 |
| Gotham Asset Management, LLC added | 556,138 | $29M | 0.1% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 553,543 | $28M | 0.1% | 2026-Q2 |
| Gradient Investments LLC added | 539,612 | $28M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 532,553 | $27M | 0.1% | 2026-Q2 |
| WS MANAGEMENT LLLP trimmed | 526,511 | $27M | 0.1% | 2026-Q2 |
| M&G PLC added | 507,343 | $26M | 0.1% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 496,959 | $26M | 0.1% | 2026-Q2 |
| Interval Partners, LP trimmed | 484,600 | $25M | 0.1% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 460,661 | $23M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 459,668 | $24M | 0.1% | 2026-Q2 |
| Creative Planning added | 459,533 | $24M | 0.1% | 2026-Q2 |
| Jump Financial, LLC added | 451,428 | $23M | 0.1% | 2026-Q2 |
| Vest Financial, LLC new | 448,043 | $23M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 445,493 | $17M | 0.1% | 2026-Q2 |
| CREDIT AGRICOLE S A added | 436,068 | $22M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 435,577 | $22M | 0.1% | 2026-Q2 |
| Calamos Advisors LLC added | 416,727 | $21M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 390,647 | $20M | 0.1% | 2026-Q2 |
| Ceredex Value Advisors LLC added | 382,300 | $20M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 380,358 | $20M | 0.1% | 2026-Q2 |
| PDT Partners, LLC added | 348,374 | $18M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 338,949 | $17M | 0.1% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 332,055 | $17M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 295,039 | $15M | 0.1% | 2026-Q2 |
| STRS OHIO trimmed | 286,403 | $15M | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 250,010 | $13M | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 244,890 | $13M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 241,253 | $12M | 0.1% | 2026-Q2 |
| Chevy Chase Trust Holdings, LLC trimmed | 239,447 | $12M | 0.1% | 2026-Q2 |
| NFJ INVESTMENT GROUP, LLC trimmed | 238,457 | $12M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.