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
28 Mar 25	Sell€133,956	Robert Stefani	Individual	2,000	€66.98
24 Mar 25	Sell€91,718,139	Icahn Capital LP	Company	1,328,434	€69.04
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: SZR insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of SZR?
Owner Type	Number of Shares	Ownership Percentage
State or Government	21,339	0.0297%
Individual Insiders	397,594	0.553%
Hedge Funds	4,769,098	6.64%
General Public	7,057,681	9.82%
Institutions	59,602,176	83%

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

Top Shareholders

Top 25 shareholders own 74.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.4%	BlackRock, Inc.	9,650,728	€626.5m	1.74%	0.01%
10.5%	Icahn Capital LP	7,532,604	€489.0m	-21.8%	7.38%
9.32%	The Vanguard Group, Inc.	6,696,651	€434.8m	0.58%	0.01%
6.64%	Corvex Management LP	4,769,098	€309.6m	0%	12.59%
4.62%	FMR LLC	3,321,570	€215.6m	3.28%	0.02%
3.28%	State Street Global Advisors, Inc.	2,358,066	€153.1m	4.49%	0.01%
2.6%	GAMCO Investors, Inc.	1,869,700	€121.4m	-3.11%	0.57%
2.52%	Maverick Capital, Ltd.	1,809,663	€117.5m	2.52%	2.54%
2.01%	Geode Capital Management, LLC	1,440,975	€93.6m	-0.67%	0.01%
1.87%	Fuller & Thaler Asset Management, Inc.	1,344,737	€87.3m	-6.17%	0.41%
1.77%	Channing Capital Management, LLC	1,270,072	€82.5m	0.33%	2.83%
1.61%	River Road Asset Management, LLC	1,155,249	€75.0m	-1.44%	1.21%
1.45%	Principal Global Investors, LLC	1,042,447	€67.7m	-3.46%	0.04%
1.43%	Dimensional Fund Advisors LP	1,030,283	€66.9m	2.73%	0.01%
1.42%	Macquarie Investment Management Business Trust	1,020,212	€66.2m	-2.56%	0.1%
1.38%	Charles Schwab Investment Management, Inc.	990,723	€64.3m	0%	0.01%
1.27%	Zimmer Partners, LP	910,615	€59.1m	884%	1.13%
1.25%	Adage Capital Management, L.P.	900,000	€58.4m	112%	0.12%
1.14%	Northern Trust Global Investments	818,023	€53.1m	13.6%	0.01%
1.09%	BNY Asset Management	781,681	€50.7m	7.26%	0.01%
1%	Norges Bank Investment Management	721,413	€46.8m	15%	no data
0.92%	First Trust Advisors LP	658,435	€42.7m	-3.24%	0.04%
0.66%	ProShare Advisors LLC	471,659	€30.6m	4.87%	0.08%
0.53%	UBS Asset Management AG	378,654	€24.6m	64.8%	no data
0.46%	American Century Investment Management Inc	329,137	€21.4m	-46.1%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/02 16:04
End of Day Share Price	2025/04/30 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Analysis Model and Snowflake

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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