Southwest Airlines Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

WBAG:LUV Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
06 Dec 24	Sell€125,277	Linda Rutherford	Individual	3,849	€32.55
28 Oct 24	Sell€33,176,368	Elliott Management Corporation	Company	1,203,920	€27.56
28 Oct 24	Sell€40,051,349	Elliott Management Corporation	Company	1,450,000	€27.62
01 Oct 24	Buy€96,391,663	Rakesh Gangwal	Individual	3,600,000	€27.10
30 Sep 24	Buy€897,809	Gary Kelly	Individual	33,921	€26.47
30 Aug 24	Sell€3,607	Niranjan Patel	Individual	157	€23.71
27 Aug 24	Sell€76,717,386	Elliott Management Corporation	Company	3,028,000	€25.44
23 Aug 24	Buy€217,600,078	Elliott Management Corporation	Company	9,140,000	€25.06
13 Aug 24	Buy€591,249,275	Elliott Management Corporation	Company	25,648,500	€23.32
09 Aug 24	Buy€92,573	Gregg Saretsky	Individual	4,000	€23.14
09 Aug 24	Buy€444,473	Joshua Gotbaum	Individual	19,162	€23.20
09 Aug 24	Buy€46,222	Easwaran Sundaram	Individual	2,000	€23.11
09 Aug 24	Buy€455,894	Michael Cawley	Individual	19,765	€23.07
09 Aug 24	Buy€64,865	Sarah Feinberg	Individual	2,800	€23.17
09 Aug 24	Buy€230,276	C. Cush	Individual	10,000	€23.03
09 Aug 24	Buy€93,575	Niranjan Patel	Individual	4,064.22	€23.40
05 Aug 24	Buy€419,861,018	Elliott Management Corporation	Company	17,300,000	€26.17

Insider Trading Volume

Insider Buying: LUV insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of LUV?
Owner Type	Number of Shares	Ownership Percentage
State or Government	469,659	0.0783%
Individual Insiders	5,917,726	0.987%
General Public	46,025,599	7.67%
Hedge Funds	59,666,500	9.95%
Institutions	487,657,735	81.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 77.04% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.4%	The Vanguard Group, Inc.	68,227,067	€2.2b	0.92%	0.03%
9.95%	Elliott Management Corporation	59,666,500	€1.9b	-2.37%	14.84%
9.61%	Capital Research and Management Company	57,620,166	€1.8b	-0.74%	0.09%
8.28%	PRIMECAP Management Company	49,669,524	€1.6b	-0.48%	1.18%
6.39%	State Street Global Advisors, Inc.	38,303,866	€1.2b	-3.51%	0.05%
5.8%	BlackRock, Inc.	34,794,521	€1.1b	2.29%	0.02%
5.01%	Putnam LLC	30,036,936	€958.0m	46.3%	0.94%
4.51%	T. Rowe Price Group, Inc.	27,050,295	€862.8m	-25.1%	0.08%
2.31%	Geode Capital Management, LLC	13,832,575	€441.2m	-1.14%	0.03%
1.82%	Artisan Partners Limited Partnership	10,912,174	€348.0m	1.2%	0.28%
1.58%	Columbia Management Investment Advisers, LLC	9,492,971	€302.8m	-0.76%	0.07%
1.1%	American Century Investment Management Inc	6,596,486	€210.4m	-4.75%	0.1%
0.96%	Invesco Capital Management LLC	5,758,874	€183.7m	-12.2%	0.07%
0.96%	Dimensional Fund Advisors LP	5,739,321	€183.1m	-1.52%	0.03%
0.93%	FMR LLC	5,600,200	€178.6m	31.4%	0.01%
0.9%	Morgan Stanley, Investment Banking and Brokerage Investments	5,382,351	€171.7m	16.2%	0.02%
0.81%	Provident Trust Company	4,878,640	€155.6m	-37.7%	2.74%
0.75%	Northern Trust Global Investments	4,496,678	€143.4m	-2.48%	0.02%
0.61%	BNY Asset Management	3,662,295	€116.8m	-2.65%	0.02%
0.6%	Jacobs Levy Equity Management Inc	3,623,333	€115.6m	609%	0.45%
0.6%	Rakesh Gangwal	3,606,311	€115.0m	57,000%	no data
0.57%	U.S. Global Investors, Inc.	3,400,904	€108.5m	-7.15%	6.93%
0.56%	Charles Schwab Investment Management, Inc.	3,377,660	€107.7m	1.38%	0.02%
0.53%	Bank of America Corporation, Asset Management Arm	3,158,794	€100.8m	39.4%	0.03%
0.52%	UBS Asset Management AG	3,140,688	€100.2m	-67.4%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 12:10
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Southwest Airlines Co. is covered by 45 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Staszak	Argus Research Company
Lindsay Bettiol	Atlantic Equities LLP
Fred Lowrance	Avondale Partners