Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in LUV held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | PRIMECAP MANAGEMENT CO/CA/ | 48.8M | $2.51B | +3.7% | 9.975% | 1.48% |
| 2 | FRANKLIN RESOURCES INC | 46.6M | $2.40B | +4.9% | 9.521% | 0.52% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 31.6M | $1.63B | -0.1% | 6.462% | 0.03% |
| 4 | BlackRock, Inc. | 29.9M | $1.54B | +4.7% | 6.116% | 0.02% |
| 5 | STATE STREET CORP | 29.3M | $1.51B | -0.7% | 5.995% | 0.02% |
| 6 | Elliott Investment Management L.P. | 24.3M | $1.25B | -19.9% | 4.969% | 5.51% |
| 7 | VANGUARD PORTFOLIO MANAGEMENT LLC | 24.0M | $1.23B | +3.8% | 4.906% | 0.06% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 12.7M | $653.9M | -1.8% | 2.604% | 0.03% |
| 9 | AMERIPRISE FINANCIAL INC | 10.8M | $554.0M | +7.9% | 2.203% | 0.11% |
| 10 | GOLDMAN SACHS GROUP INC | 10.4M | $535.2M | +195.8% | 2.128% | 0.05% |
| 11 | FMR LLC | 9.6M | $494.7M | -1.5% | 1.967% | 0.02% |
| 12 | JPMORGAN CHASE & CO | 8.9M | $457.4M | +101.4% | 1.812% | 0.03% |
| 13 | Crake Asset Management LLP | 7.1M | $363.3M | +142.0% | 1.444% | 8.69% |
| 14 | Invesco Ltd. | 7.0M | $357.5M | +6.7% | 1.421% | 0.03% |
| 15 | UBS Group AG | 6.9M | $355.8M | +142.0% | 1.414% | 0.05% |
| 16 | DIMENSIONAL FUND ADVISORS LP | 6.1M | $311.3M | +5.1% | 1.238% | 0.06% |
| 17 | MORGAN STANLEY | 6.0M | $308.1M | +4.5% | 1.225% | 0.02% |
| 18 | BANK OF AMERICA CORP /DE/ | 5.3M | $271.3M | -15.9% | 1.079% | 0.02% |
| 19 | PAR CAPITAL MANAGEMENT INC | 4.9M | $252.3M | -6.0% | 1.003% | 6.25% |
| 20 | Bank of New York Mellon Corp | 4.6M | $234.9M | +16.4% | 0.934% | 0.04% |
| 21 | CITADEL ADVISORS LLC | 4.6M | $234.1M | -41.5% | 0.931% | 0.01% |
| 22 | FIRST TRUST ADVISORS LP | 4.1M | $213.2M | +536.7% | 0.847% | 0.13% |
| 23 | JACOBS LEVY EQUITY MANAGEMENT, INC | 4.1M | $212.9M | +58.4% | 0.846% | 0.77% |
| 24 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.9M | $201.9M | -14.6% | 0.803% | 0.02% |
| 25 | NORTHERN TRUST CORP | 3.8M | $195.6M | -0.3% | 0.777% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in LUV — a direct measure of their conviction.
Filings activity in LUV during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new LUV position in Q2 2026
Institutions that fully closed their LUV position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 939 | +8.2% | 95.78% | +1.54 pp | $23.22B | +39% |
| Q1 2026 | 868 | +3.2% | 94.24% | 8.26 pp | $16.67B | 16% |
| Q4 2025 | 841 | +11% | 102.50% | 9.05 pp | $19.92B | +20% |
| Q3 2025 | 760 | 3.1% | 111.55% | +2.55 pp | $16.67B | 15% |
| Q2 2025 | 784 | 0.4% | 109.00% | 1.38 pp | $19.51B | +13% |
| Q1 2025 | 787 | 1.4% | 110.38% | 3.33 pp | $17.26B | 5.3% |
| Q4 2024 | 798 | +4.6% | 113.71% | 1.58 pp | $18.23B | +14% |
| Q3 2024 | 763 | — | 115.29% | — | $15.93B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying LUV stock.
Based on Q2 2026 13F filings, institutional ownership of Southwest Airlines Co. stands at 95.8%, held across 939 reporting institutions.
PRIMECAP MANAGEMENT CO/CA/ is the largest reported institutional holder of LUV, with approximately 48,797,725 shares worth $2.51B as of Q2 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of LUV, including CITADEL ADVISORS LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for LUV is 73 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
157 institutions opened new positions in LUV during Q2 2026, while 92 fully exited. 657 added to existing positions and 96 trimmed.
LUV institutional ownership rose by 1.54 percentage points quarter-over-quarter, with a net change of +71 holders.
The top 10 institutions account for 59.5% of all reported 13F value in LUV, and the top 25 account for 78.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Southwest Airlines Co. (LUV) Institutional Ownership