Southwest Gas Holdings Ownership

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

Recent Insider Transactions

DB:SZR Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
19 Nov 24	Sell€100,737,826	Icahn Capital LP	Company	1,390,000	€72.47
27 Aug 24	Sell€715,343	Robert Stefani	Individual	11,000	€65.51
13 May 24	Sell€186,053	Justin Brown	Individual	2,625	€70.88

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SZR?
Owner Type	Number of Shares	Ownership Percentage
State or Government	25,337	0.0353%
Individual Insiders	330,135	0.46%
Hedge Funds	4,769,098	6.65%
General Public	6,831,595	9.52%
Institutions	59,787,501	83.3%

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

Top Shareholders

Top 25 shareholders own 75.95% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.4%	Icahn Capital LP	9,632,604	€652.8m	-12.6%	8.7%
13.2%	BlackRock, Inc.	9,485,853	€642.8m	6.68%	0.01%
9.28%	The Vanguard Group, Inc.	6,657,941	€451.2m	-6.53%	0.01%
6.65%	Corvex Management LP	4,769,098	€323.2m	0%	11.69%
4.48%	FMR LLC	3,216,044	€217.9m	-30.8%	0.01%
3.15%	State Street Global Advisors, Inc.	2,256,637	€152.9m	0.99%	0.01%
2.69%	GAMCO Investors, Inc.	1,929,720	€130.8m	-2.51%	0.55%
2.46%	Maverick Capital, Ltd.	1,765,148	€119.6m	18.5%	2.3%
2.02%	Geode Capital Management, LLC	1,450,755	€98.3m	1.39%	0.01%
2%	Fuller & Thaler Asset Management, Inc.	1,433,146	€97.1m	-6.66%	0.39%
1.76%	Channing Capital Management, LLC	1,265,837	€85.8m	6.2%	2.29%
1.63%	River Road Asset Management, LLC	1,172,126	€79.4m	0.03%	1.06%
1.6%	Principal Global Investors, LLC	1,146,505	€77.7m	-0.58%	0.04%
1.46%	Macquarie Investment Management Business Trust	1,047,012	€71.0m	15.2%	0.09%
1.4%	Dimensional Fund Advisors LP	1,002,876	€68.0m	1.76%	0.01%
1.36%	Charles Schwab Investment Management, Inc.	977,810	€66.3m	0%	0.01%
1.02%	BNY Asset Management	728,760	€49.4m	-22.7%	0.01%
1%	Northern Trust Global Investments	720,314	€48.8m	0.6%	0.01%
0.95%	First Trust Advisors LP	680,496	€46.1m	2.87%	0.04%
0.91%	Massachusetts Financial Services Company	654,930	€44.4m	0.93%	0.01%
0.87%	Norges Bank Investment Management	627,505	€42.5m	0%	no data
0.85%	American Century Investment Management Inc	610,970	€41.4m	-32%	0.02%
0.63%	ProShare Advisors LLC	449,740	€30.5m	-13.5%	0.08%
0.59%	Adage Capital Management, L.P.	425,000	€28.8m	-46.9%	0.05%
0.53%	Sasco Capital, Inc.	380,440	€25.8m	-14.2%	4.44%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/24 23:43
End of Day Share Price	2025/01/24 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

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Analyst Sources

Southwest Gas Holdings, Inc. is covered by 19 analysts. 6 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
Gary Hovis	Argus Research Company
Ishan Majumdar	Baptista Research
Jim Harmon	Barclays