LUV Institutional Ownership
Southwest Airlines Co.
1W: +10.5%
1M: +0.4%
3M: -7.0%
YTD: +5.2%
1Y: +37.8%
3Y: +87.6%
5Y: -6.2%
$43.44
+0.59 (+1.38%)
After Hours: $43.69 (+0.25, +0.58%)
Weekly Expected Move ±4.9%
$38
$40
$42
$44
$46
Credit Risk of going bust: higher than 52% of companies Debt: 24.7% of company value Bonds: $179.5M held by 196 funds, 70 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.35 (down 97%), Southwest Airlines Co. would be worth roughly what it owes.
Total debt $6.87B against a stock market value of $20.96B.
Distance to default 4.90 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $4.02B (short-term plus half of long-term), stock volatility 43.4%; Altman Z'' 0.90. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.35 (down 97%), Southwest Airlines Co. would be worth roughly what it owes.
Total debt $6.87B against a stock market value of $20.96B.
Distance to default 4.90 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $4.02B (short-term plus half of long-term), stock volatility 43.4%; Altman Z'' 0.90. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Institutional Ownership — LUV
1,038
Institutional Holders
+52 vs prior quarter
0.0%
Ownership
+0.00pp
$23B
Total Invested
170
New Positions
309
Increased
385
Reduced
97
Closed
1.00
Put/Call Ratio
Ownership Trends
Top Institutional Holders (1113 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | PRIMECAP MANAGEMENT CO/CA | 48,797,725 | $2.1B | +1,728,230 | +3.7% | 15Q | SEC ↗ |
| 2 | FRANKLIN RESOURCES INC | 46,578,090 | $2.0B | +2,191,682 | +4.9% | 22Q | SEC ↗ |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 31,614,180 | $1.4B | -30,452 | -0.1% | 2Q | SEC ↗ |
| 4 | BlackRock, Inc. | 29,917,962 | $1.3B | +1,344,681 | +4.7% | 8Q | SEC ↗ |
| 5 | STATE STREET CORP | 29,326,975 | $1.3B | -192,816 | -0.7% | 46Q | SEC ↗ |
| 6 | Elliott Investment Management L.P. | 24,308,000 | $1.0B | -6,038,000 | -19.9% | 9Q | SEC ↗ |
| 7 | VANGUARD PORTFOLIO MANAGEMENT LLC | 23,999,965 | $1.0B | +869,817 | +3.8% | 2Q | SEC ↗ |
| 8 | PRICE T ROWE ASSOCIATES INC /MD | 13,905,409 | $596M | +10,710 | +0.1% | 16Q | SEC ↗ |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 12,739,007 | $546M | -236,713 | -1.8% | 92Q | SEC ↗ |
| 10 | AMERIPRISE FINANCIAL INC | 10,777,353 | $462M | +792,921 | +7.9% | 16Q | SEC ↗ |
| 11 | GOLDMAN SACHS GROUP INC | 10,409,159 | $446M | +6,890,529 | +195.8% | 15Q | SEC ↗ |
| 12 | FMR LLC | 9,621,712 | $412M | -141,948 | -1.5% | 110Q | SEC ↗ |
| 13 | JPMORGAN CHASE & CO | 8,864,414 | $380M | +4,462,978 | +101.4% | 103Q | SEC ↗ |
| 14 | Crake Asset Management LLP | 7,065,875 | $303M | +4,145,899 | +142.0% | 5Q | SEC ↗ |
| 15 | Invesco Ltd. | 6,953,490 | $298M | +436,104 | +6.7% | 87Q | SEC ↗ |
| 16 | UBS Group AG | 6,534,122 | $280M | +3,990,742 | +156.9% | 47Q | SEC ↗ |
| 17 | DIMENSIONAL FUND ADVISORS LP | 6,054,557 | $259M | +291,403 | +5.1% | 102Q | SEC ↗ |
| 18 | MORGAN STANLEY | 5,991,193 | $257M | +260,188 | +4.5% | 60Q | SEC ↗ |
| 19 | BANK OF AMERICA CORP /DE | 5,276,832 | $226M | -996,251 | -15.9% | 15Q | SEC ↗ |
| 20 | PAR CAPITAL MANAGEMENT INC | 4,905,756 | $210M | -313,436 | -6.0% | 26Q | SEC ↗ |
| 21 | Bank of New York Mellon Corp | 4,567,724 | $196M | +643,317 | +16.4% | 76Q | SEC ↗ |
| 22 | FIRST TRUST ADVISORS LP | 4,145,711 | $178M | +3,494,605 | +536.7% | 64Q | SEC ↗ |
| 23 | JACOBS LEVY EQUITY MANAGEMENT, INC | 4,140,634 | $177M | +1,526,747 | +58.4% | 15Q | SEC ↗ |
| 24 | NORTHERN TRUST CORP | 3,803,338 | $163M | -12,474 | -0.3% | 110Q | SEC ↗ |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 3,359,521 | $144M | -47,559 | -1.4% | 15Q | SEC ↗ |
| 26 | Sixth Street Partners Management Compa NEW | 3,359,521 | $144M | — | +0.0% | 1Q | SEC ↗ |
| 27 | AMERICAN CENTURY COMPANIES INC | 3,011,054 | $129M | +895,701 | +42.3% | 15Q | SEC ↗ |
| 28 | MASSACHUSETTS FINANCIAL SERVICES CO /M | 2,951,933 | $126M | +31,328 | +1.1% | 3Q | SEC ↗ |
| 29 | FEDERATED HERMES, INC. | 2,799,870 | $120M | +4,601 | +0.2% | 5Q | SEC ↗ |
| 30 | VANGUARD FIDUCIARY TRUST CO | 2,746,929 | $118M | -22,335 | -0.8% | 2Q | SEC ↗ |
| 31 | Sound Shore Management Inc /CT | 2,441,564 | $105M | +439,587 | +22.0% | 7Q | SEC ↗ |
| 32 | BARCLAYS PLC | 2,344,513 | $100M | -218,789 | -8.5% | 67Q | SEC ↗ |
| 33 | RAYMOND JAMES FINANCIAL INC | 2,307,811 | $99M | +298,456 | +14.9% | 7Q | SEC ↗ |
| 34 | U S GLOBAL INVESTORS INC | 1,985,637 | $85M | +317,282 | +19.0% | 15Q | SEC ↗ |
| 35 | Qube Research & Technologies Ltd | 1,879,278 | $81M | -3,280,457 | -63.6% | 2Q | SEC ↗ |
| 36 | NORGES BANK NEW | 1,788,321 | $77M | — | +0.0% | 1Q | SEC ↗ |
| 37 | WELLS FARGO & COMPANY/MN | 1,766,077 | $76M | +1,150,050 | +186.7% | 110Q | SEC ↗ |
| 38 | DEUTSCHE BANK AG | 1,633,156 | $70M | +591,313 | +56.8% | 52Q | SEC ↗ |
| 39 | Teewinot Capital Advisers, L.L.C. | 1,527,872 | $65M | +997,791 | +188.2% | 2Q | SEC ↗ |
| 40 | AQR CAPITAL MANAGEMENT LLC | 1,260,564 | $54M | +638,026 | +102.5% | 66Q | SEC ↗ |
| 41 | CITIGROUP INC | 1,235,768 | $53M | +547,658 | +79.6% | 110Q | SEC ↗ |
| 42 | Nuveen, LLC | 1,185,105 | $51M | -16,048 | -1.3% | 6Q | SEC ↗ |
| 43 | Russell Investments Group, Ltd. | 1,143,981 | $49M | +456,225 | +66.3% | 39Q | SEC ↗ |
| 44 | JANE STREET GROUP, LLC | 1,114,862 | $48M | -1,669,906 | -60.0% | 5Q | SEC ↗ |
| 45 | BNP PARIBAS FINANCIAL MARKETS | 1,071,215 | $46M | +387,661 | +56.7% | 15Q | SEC ↗ |
| 46 | CITADEL ADVISORS LLC | 1,047,104 | $45M | -886,730 | -45.9% | 4Q | SEC ↗ |
| 47 | Vanguard Global Advisers, LLC | 1,041,282 | $45M | -40,564 | -3.7% | 2Q | SEC ↗ |
| 48 | Bridgewater Associates, LP | 1,022,946 | $44M | +322,578 | +46.1% | 3Q | SEC ↗ |
| 49 | ROYAL BANK OF CANADA | 1,015,520 | $44M | -92,207 | -8.3% | 87Q | SEC ↗ |
| 50 | SG Americas Securities, LLC | 994,043 | $43M | -68,020 | -6.4% | 87Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| Sixth Street Partners Management Co | 3,359,521 | $144M |
| NORGES BANK | 1,788,321 | $77M |
| Point72 Asset Management, L.P. | 856,829 | $37M |
| Dorsal Capital Management, LP | 650,000 | $28M |
| Interval Partners, LP | 484,600 | $21M |
| Vest Financial, LLC | 448,043 | $19M |
| Mediolanum International Funds Ltd | 185,922 | $8M |
| KLCM Advisors, Inc. | 185,845 | $8M |
| Quadrature Capital Ltd | 136,442 | $6M |
| J. Goldman & Co LP | 133,900 | $6M |
| Hedges Asset Management LLC | 83,400 | $4M |
| ANDERSON HOAGLAND & CO | 81,819 | $4M |
| Woodline Partners LP | 78,783 | $3M |
| Econ Financial Services Corp | 71,801 | $3M |
| Monument Capital Management | 64,856 | $3M |
| BI Asset Management Fondsmaeglersel | 50,692 | $2M |
| SCHRODER INVESTMENT MANAGEMENT GROU | 44,341 | $2M |
| Redwood Investment Management, LLC | 43,571 | $2M |
| Summit Financial, LLC | 43,409 | $2M |
| HUSSMAN STRATEGIC ADVISORS, INC. | 42,000 | $2M |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| VOLORIDGE INVESTMENT MANAGEMENT, LL | 2,937,132 | $126M |
| Nearwater Capital Markets, Ltd | 2,800,000 | $120M |
| MIZUHO MARKETS AMERICAS LLC | 1,338,500 | $57M |
| NORDEA INVESTMENT MANAGEMENT AB | 1,077,605 | $46M |
| Oldfield Partners LLP | 857,300 | $37M |
| Silver Point Capital L.P. | 650,000 | $28M |
| ING GROEP NV | 592,935 | $25M |
| Y-Intercept (Hong Kong) Ltd | 372,178 | $16M |
| Thomist Capital Management, LP | 288,001 | $12M |
| RENAISSANCE TECHNOLOGIES LLC | 197,380 | $8M |
| Weiss Asset Management LP | 161,040 | $7M |
| Longaeva Partners L.P. | 154,535 | $7M |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | 140,208 | $6M |
| Turas Capital Management LP | 96,500 | $4M |
| Dorsey Wright & Associates | 92,052 | $4M |
| ZACKS INVESTMENT MANAGEMENT | 86,761 | $4M |
| Oak Thistle LLC | 86,546 | $4M |
| PATTON FUND MANAGEMENT, INC. | 86,047 | $4M |
| Aquatic Capital Management LLC | 70,285 | $3M |
| Jain Global LLC | 67,956 | $3M |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| GOLDMAN SACHS GROUP INC | +6,890,529 | +195.8% | 10,409,159 |
| JPMORGAN CHASE & CO | +4,462,978 | +101.4% | 8,864,414 |
| Crake Asset Management LLP | +4,145,899 | +142.0% | 7,065,875 |
| UBS Group AG | +3,990,742 | +156.9% | 6,534,122 |
| FIRST TRUST ADVISORS LP | +3,494,605 | +536.7% | 4,145,711 |
| FRANKLIN RESOURCES INC | +2,191,682 | +4.9% | 46,578,090 |
| PRIMECAP MANAGEMENT CO/CA | +1,728,230 | +3.7% | 48,797,725 |
| JACOBS LEVY EQUITY MANAGEMENT, INC | +1,526,747 | +58.4% | 4,140,634 |
| BlackRock, Inc. | +1,344,681 | +4.7% | 29,917,962 |
| WELLS FARGO & COMPANY/MN | +1,150,050 | +186.7% | 1,766,077 |
| Teewinot Capital Advisers, L.L.C. | +997,791 | +188.2% | 1,527,872 |
| AMERICAN CENTURY COMPANIES INC | +895,701 | +42.3% | 3,011,054 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | +869,817 | +3.8% | 23,999,965 |
| AMERIPRISE FINANCIAL INC | +792,921 | +7.9% | 10,777,353 |
| CAPITAL FUND MANAGEMENT S.A. | +654,964 | +266.3% | 900,873 |
| Bank of New York Mellon Corp | +643,317 | +16.4% | 4,567,724 |
| AQR CAPITAL MANAGEMENT LLC | +638,026 | +102.5% | 1,260,564 |
| DEUTSCHE BANK AG | +591,313 | +56.8% | 1,633,156 |
| CITIGROUP INC | +547,658 | +79.6% | 1,235,768 |
| SUSQUEHANNA INTERNATIONAL GROUP, LL | +516,508 | +116.9% | 958,209 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| Elliott Investment Management L.P. | -6,038,000 | -19.9% | 24,308,000 |
| ARROWSTREET CAPITAL, LIMITED PARTNE | -4,705,282 | -96.9% | 153,001 |
| Qube Research & Technologies Ltd | -3,280,457 | -63.6% | 1,879,278 |
| JANE STREET GROUP, LLC | -1,669,906 | -60.0% | 1,114,862 |
| Amundi | -1,032,012 | -70.6% | 429,332 |
| BANK OF AMERICA CORP /DE | -996,251 | -15.9% | 5,276,832 |
| CITADEL ADVISORS LLC | -886,730 | -45.9% | 1,047,104 |
| Balyasny Asset Management L.P. | -839,140 | -82.0% | 184,485 |
| MILLENNIUM MANAGEMENT LLC | -685,206 | -44.4% | 859,542 |
| Assenagon Asset Management S.A. | -377,810 | -81.6% | 85,093 |
| Centiva Capital, LP | -360,474 | -94.6% | 20,687 |
| NFJ INVESTMENT GROUP, LLC | -332,824 | -58.3% | 238,457 |
| PAR CAPITAL MANAGEMENT INC | -313,436 | -6.0% | 4,905,756 |
| Walleye Capital LLC | -285,564 | -70.9% | 117,059 |
| RHUMBLINE ADVISERS | -283,871 | -22.3% | 990,294 |
| GEODE CAPITAL MANAGEMENT, LLC | -236,713 | -1.8% | 12,739,007 |
| California Public Employees Retirem | -231,856 | -29.5% | 553,543 |
| BARCLAYS PLC | -218,789 | -8.5% | 2,344,513 |
| Trexquant Investment LP | -217,910 | -26.6% | 602,780 |
| STATE STREET CORP | -192,816 | -0.7% | 29,326,975 |