Southwest Gas Holdings Ownership

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

Recent Insider Transactions

NYSE:SWX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
28 May 25	BuyUS$18,316,682	Corvex Management LP	Company	259,877	US$71.49
28 Mar 25	SellUS$145,100	Robert Stefani	Individual	2,000	US$72.55
24 Mar 25	SellUS$99,101,176	Icahn Capital LP	Company	1,328,434	US$74.60
19 Nov 24	SellUS$106,668,600	Icahn Capital LP	Company	1,390,000	US$76.74
27 Aug 24	SellUS$798,641	Robert Stefani	Individual	11,000	US$73.14

Insider Trading Volume

Insider Buying: SWX insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of SWX?
Owner Type	Number of Shares	Ownership Percentage
State or Government	25,843	0.0359%
Individual Insiders	399,132	0.555%
Hedge Funds	5,028,975	6.99%
General Public	5,754,301	8%
Institutions	60,704,422	84.4%

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

Top Shareholders

Top 25 shareholders own 75.08% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.4%	BlackRock, Inc.	9,667,965	US$714.8m	0.18%	0.01%
10.5%	Icahn Capital LP	7,532,604	US$556.9m	-21.8%	6.73%
9.21%	The Vanguard Group, Inc.	6,625,262	US$489.8m	-1.07%	0.01%
6.99%	Corvex Management LP	5,028,975	US$371.8m	5.45%	11.72%
4.7%	FMR LLC	3,378,121	US$249.7m	1.7%	0.01%
3.25%	State Street Global Advisors, Inc.	2,335,762	US$172.7m	-0.95%	0.01%
2.54%	Maverick Capital, Ltd.	1,826,557	US$135.0m	0.93%	2.15%
2.51%	GAMCO Investors, Inc.	1,804,057	US$133.4m	-3.51%	0.54%
2.16%	Adage Capital Management, L.P.	1,550,000	US$114.6m	72.2%	0.2%
2.07%	Geode Capital Management, LLC	1,490,087	US$110.2m	3.41%	0.01%
1.79%	Fuller & Thaler Asset Management, Inc.	1,290,050	US$95.4m	-4.07%	0.37%
1.58%	River Road Asset Management, LLC	1,133,782	US$83.8m	-1.86%	1.14%
1.46%	Dimensional Fund Advisors LP	1,049,649	US$77.6m	1.88%	0.01%
1.45%	Principal Global Investors, LLC	1,042,375	US$77.1m	-3.46%	0.04%
1.44%	Channing Capital Management, LLC	1,035,616	US$76.6m	-18.5%	2.18%
1.42%	Zimmer Partners, LP	1,021,956	US$75.6m	12.2%	1.58%
1.35%	Charles Schwab Investment Management, Inc.	970,127	US$71.7m	-2.08%	0.01%
1.35%	Macquarie Investment Management Business Trust	968,734	US$71.6m	-5.05%	0.09%
1.08%	Northern Trust Global Investments	778,407	US$57.5m	-4.84%	0.01%
1.03%	BNY Asset Management	742,376	US$54.9m	-5.03%	0.01%
1%	Norges Bank Investment Management	721,413	US$53.3m	0%	no data
0.9%	JPMorgan Chase & Co, Brokerage and Securities Investments	649,630	US$48.0m	227%	0.02%
0.83%	First Trust Advisors LP	596,867	US$44.1m	-9.35%	0.03%
0.61%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	436,166	US$32.2m	118%	0.01%
0.44%	Invesco Capital Management LLC	314,078	US$23.2m	5.69%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/20 02:47
End of Day Share Price	2025/06/20 00:00
Earnings	2025/03/31
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. 7 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