Southwest Airlines Co. (LUV) Ownership
LUV ownership summary
as of October 18, 2026- Institutions
- 94.6% of shares outstanding
- Insiders
- 1.01% of shares outstanding
- Shares outstanding
- 489.2M
- Float
- 484.1M shares available to trade
- Short interest
- 6.64% 24.5M shares short
- Days to cover
- 4.12 short interest down 12.8% vs prior month
- Institutions 94.61%
- Insiders 1.01%
- Other investors 4.38%
LUV top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | PRIMECAP Management Company | 9.97% | 48.8M | $1.93B | +1.7M (+3.7%) | June 30, 2026 |
| 2 | Franklin Templeton Inc | 9.52% | 46.6M | $1.84B | +2.2M (+4.9%) | June 30, 2026 |
| 3 | Vanguard Capital Management, LLC | 6.46% | 31.6M | $1.25B | −30,452 (−0.1%) | June 30, 2026 |
| 4 | BlackRock Inc | 6.12% | 29.9M | $1.18B | +1.3M (+4.7%) | June 30, 2026 |
| 5 | State Street Corp | 5.99% | 29.3M | $1.16B | −192,816 (−0.7%) | June 30, 2026 |
| 6 | Elliott Investment Management LP | 4.97% | 24.3M | $960.2M | −6.0M (−19.9%) | June 30, 2026 |
| 7 | Vanguard Portfolio Management, LLC | 4.91% | 24.0M | $948.0M | +869,817 (+3.8%) | June 30, 2026 |
| 8 | T. Rowe Price Associates, Inc. | 2.84% | 13.9M | $549.3M | +10,710 (+0.1%) | June 30, 2026 |
| 9 | Geode Capital Management, LLC | 2.60% | 12.7M | $503.2M | −236,713 (−1.8%) | June 30, 2026 |
| 10 | Ameriprise Financial Inc | 2.20% | 10.8M | $425.7M | +792,921 (+7.9%) | June 30, 2026 |
| 11 | The Goldman Sachs Group Inc | 2.13% | 10.4M | $411.2M | +6.9M (+195.8%) | June 30, 2026 |
| 12 | FMR Inc | 1.97% | 9.6M | $380.1M | −141,948 (−1.5%) | June 30, 2026 |
| 13 | JPMorgan Chase & Co | 1.81% | 8.9M | $350.1M | +4.5M (+101.4%) | June 30, 2026 |
| 14 | Crake Asset Management LLP | 1.44% | 7.1M | $279.1M | +4.1M (+142.0%) | June 30, 2026 |
| 15 | Amvescap Plc. | 1.42% | 7.0M | $274.7M | +436,104 (+6.7%) | June 30, 2026 |
| 16 | UBS Group AG | 1.34% | 6.5M | $258.1M | +4.0M (+156.9%) | June 30, 2026 |
| 17 | Dimensional Fund Advisors, Inc. | 1.24% | 6.1M | $239.2M | +291,403 (+5.1%) | June 30, 2026 |
| 18 | Morgan Stanley - Brokerage Accounts | 1.22% | 6.0M | $236.7M | +260,188 (+4.5%) | June 30, 2026 |
| 19 | Bank of America Corp | 1.08% | 5.3M | $208.4M | −996,251 (−15.9%) | June 30, 2026 |
| 20 | Par Capital Management Inc | 1.00% | 4.9M | $193.8M | −313,436 (−6.0%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 13 holders added 27.4M shares and 7 cut 7.9M.
LUV top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Vanguard PRIMECAP Inv | 5.39% | 26.4M | $1.04B | +1.3M (+5.2%) | June 30, 2026 |
| 2 | Putnam Large Cap Value A | 3.92% | 19.2M | $758.0M | — | August 31, 2026 |
| 3 | Putnam Focused Large Cap Value ETF | 3.22% | 15.8M | $622.7M | +9.1M (+136.8%) | August 31, 2026 |
| 4 | Vanguard MStar Total Stk Mkt Idx Invest | 3.17% | 15.5M | $613.3M | −33,574 (−0.2%) | August 31, 2026 |
| 5 | Vanguard 500 Index Investor | 2.63% | 12.8M | $507.5M | −132,760 (−1.0%) | September 30, 2026 |
| 6 | Vanguard Capital Opportunity Inv | 1.78% | 8.7M | $344.6M | +265,060 (+3.1%) | June 30, 2026 |
| 7 | iShares Core S&P 500 ETF | 1.33% | 6.5M | $257.6M | −10,508 (−0.2%) | September 30, 2026 |
| 8 | Fidelity 500 Index | 1.30% | 6.3M | $250.6M | +24,350 (+0.4%) | August 31, 2026 |
| 9 | First Trust Rising Dividend Achiev ETF | 1.29% | 6.3M | $249.4M | +10,912 (+0.2%) | September 30, 2026 |
| 10 | State Street® SPDR® S&P 500® ETF | 1.23% | 6.0M | $237.5M | — | September 30, 2026 |
| 11 | Vanguard PRIMECAP Core Inv | 1.15% | 5.6M | $222.3M | — | June 30, 2026 |
| 12 | Vanguard Small Cap Index | 1.13% | 5.5M | $217.5M | +5.5M (0.0%) | September 30, 2026 |
| 13 | Vanguard MStar Mid Cap Index Instl | 1.07% | 5.2M | $206.9M | −5.3M (−50.5%) | September 30, 2026 |
| 14 | Invesco S&P 500® Equal Weight ETF | 1.03% | 5.1M | $199.9M | −10,545 (−0.2%) | September 30, 2026 |
| 15 | T. Rowe Price Equity Income | 0.74% | 3.6M | $142.8M | — | September 30, 2026 |
| 16 | Fidelity Growth Company Fund | 0.69% | 3.4M | $132.9M | +15,500 (+0.5%) | August 31, 2026 |
| 17 | Vanguard MStar Small Cap Growth Indx Inv | 0.63% | 3.1M | $121.0M | +3.1M (0.0%) | September 30, 2026 |
| 18 | T. Rowe Price Mid-Cap Value | 0.61% | 3.0M | $117.2M | — | September 30, 2026 |
| 19 | State Street® IndstrlSelSectSPDR®ETF | 0.56% | 2.7M | $108.4M | −3,080 (−0.1%) | September 30, 2026 |
| 20 | Vanguard Institutional Index I | 0.53% | 2.6M | $102.2M | −28,790 (−1.1%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
LUV insider transactions
latest 9| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-07 | Lisa M Atherton | Sell | $37.95 | 118 | $4,478 |
| 2026-02-06 | Ro Khanna | Sell | $54.27 | — | — |
| 2025-09-05 | Gilbert Ray Cisneros, Jr. | Buy | $31.36 | — | — |
| 2025-08-06 | Gregg A Saretsky | Buy | $30.03 | 3,345 | $100,450 |
| 2025-08-05 | Sarah Feinberg | Buy | $30.01 | 1,500 | $45,015 |
| 2025-08-05 | Gilbert Ray Cisneros, Jr. | Sell | $29.94 | — | — |
| 2025-07-03 | Gilbert Ray Cisneros, Jr. | Buy | $34.00 | — | — |
| 2025-04-30 | Gregg A Saretsky | Buy | $27.29 | 3,670 | $100,154 |
| 2025-04-28 | David P Hess | Buy | $26.52 | 7,500 | $198,900 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
LUV shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns LUV
Institutional investors own 94.6% of Southwest Airlines's shares and insiders 1.01%. The largest holder is PRIMECAP Management Company with 9.97% of the shares (48.8M), as of June 30, 2026. Among the top 20 institutions, 13 added shares and 7 reduced their stake in the latest filings. Short interest is 6.64% of the float, or 4.12 days of average trading volume. The share count fell 24.1% since 2014.
Related: LUV analyst forecast, LUV key metrics, LUV dividend history. See the LUV stock overview for the latest quote and news.
LUV ownership FAQ
Who owns the most Southwest Airlines stock?
The largest shareholders of Southwest Airlines are PRIMECAP Management Company (9.97%), Franklin Templeton Inc (9.52%), Vanguard Capital Management, LLC (6.46%), BlackRock Inc (6.12%), State Street Corp (5.99%).
What percentage of Southwest Airlines is owned by institutions?
Institutions hold 94.6% of Southwest Airlines's shares outstanding; insiders hold 1.01%.
Which funds own Southwest Airlines?
The largest fund holders of Southwest Airlines are Vanguard PRIMECAP Inv (5.39%), Putnam Large Cap Value A (3.92%), Putnam Focused Large Cap Value ETF (3.22%), Vanguard MStar Total Stk Mkt Idx Invest (3.17%), Vanguard 500 Index Investor (2.63%).
What is Southwest Airlines's short interest?
24.5M shares of Southwest Airlines were sold short, 6.64% of the float; at the average daily volume it would take 4.12 days to cover.
Are insiders buying or selling Southwest Airlines?
Of the latest 9 reported insider transactions in Southwest Airlines (since April 28, 2025), 6 were purchases and 3 were sales.
How many shares of Southwest Airlines are outstanding?
Southwest Airlines has 489.2M shares outstanding, of which 484.1M are in the public float.