Southwest Airlines Co.
MX ˙ BMV ˙ US8447411088
SecurityMX:LUV / Southwest Airlines Co.
InstitutionCibc World Markets Corp
Latest Disclosed Ownership91,468 shares
Latest Disclosed Value $ 3,780,372
Cibc World Markets Corp reports 95.74% decrease in ownership of LUV / Southwest Airlines Co.

On February 12, 2026 - Cibc World Markets Corp filed a 13F-HR form disclosing ownership of 91,468 shares of Southwest Airlines Co. (MX:LUV) valued at $3,780,372 USD as of December 31, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 2,147,978 shares of Southwest Airlines Co.. This represents a change in shares of -95.74% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F SOUTHWEST AIRLS COM 844741108 91,468 -2,056,510 -95.74 3,780 -94.58 0.0182
2025-08-14 2025-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 2,147,978 2,096,637 4,083.75 69,680 3,941.76 0.4371
2025-05-13 2025-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 51,341 -22,949 -30.89 1,724 -30.96 0.0136
2025-02-10 2024-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 74,290 19,173 34.79 2,498 52.91 0.0146
2024-11-13 2024-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 55,117 -1,997,810 -97.32 1,633 -97.22 0.0118
2024-08-12 2024-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 2,052,927 2,011,435 4,847.77 58,734 4,750.04 0.3847
2024-05-13 2024-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 41,492 -42,786 -50.77 1,211 -50.23 0.0079
2024-02-13 2023-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 84,278 31,903 60.91 2,434 71.70 0.0133
2023-11-13 2023-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 52,375 -65,365 -55.52 1,418 -66.76 0.0139
2023-08-04 2023-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 117,740 87,688 291.79 4,263 336.34 0.0346
2023-05-11 2023-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 30,052 -39,753 -56.95 978 -58.43 0.0160
2023-02-09 2022-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 69,805 60,802 675.35 2,350 745.32 0.0158
2022-11-14 2022-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 9,003 -32,391 -78.25 278 -81.40 0.0039
2022-08-12 2022-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 41,394 5,381 14.94 1,495 -9.34 0.0140
2022-05-13 2022-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 36,013 14,914 70.69 1,649 82.41 0.0129
2022-02-11 2021-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 21,099 -103,250 -83.03 904 -85.86 0.0048
2021-11-12 2021-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 124,349 83,288 202.84 6,395 193.35 0.0435
2021-08-10 2021-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 41,061 -15,255 -27.09 2,180 -36.61 0.0152
2021-05-07 2021-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 56,316 -52,448 -48.22 3,439 -32.16 0.0214
2021-02-12 2020-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 108,764 -125,526 -53.58 5,069 -42.31 0.0255
2020-11-12 2020-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 234,290 28,855 14.05 8,786 25.12 0.0856
2020-08-12 2020-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 205,435 170,770 492.63 7,022 469.04 0.0753
2020-05-12 2020-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 34,665 -114,086 -76.70 1,234 -84.63 0.0158
2020-02-13 2019-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 148,751 -88,045 -37.18 8,030 -37.21 0.0520
2019-11-12 2019-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 236,796 -161,779 -40.59 12,789 -36.81 0.1193
2019-08-13 2019-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 398,575 315,175 377.91 20,240 367.54 0.1559
2019-05-14 2019-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 83,400 -5,082 -5.74 4,329 5.25 0.0354
2019-02-13 2018-12-31 13F/A-1 SOUTHWEST AIRLS CO COM COM 844741108 88,482 -73,004 -45.21 4,113 -59.22 0.0383
2019-02-13 2018-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 88,482 -73,004 4,113
2018-11-13 2018-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 161,486 25,445 18.70 10,085 45.69 0.0860
2018-08-13 2018-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 136,041 -277,250 -67.08 6,922 -70.76 0.0598
2018-05-11 2018-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 413,291 302,893 274.36 23,673 227.61 0.2517
2018-02-13 2017-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 110,398 30,192 37.64 7,226 60.94 0.0519
2017-11-14 2017-09-30 13F SOUTHWEST AIRLS CO COM COM 844741108 80,206 -243,942 -75.26 4,490 -77.71 0.0431
2017-08-11 2017-06-30 13F SOUTHWEST AIRLS CO COM COM 844741108 324,148 259,876 404.34 20,143 483.01 0.2131
2017-05-10 2017-03-31 13F SOUTHWEST AIRLS CO COM COM 844741108 64,272 22,002 52.05 3,455 63.98 0.0281
2017-02-13 2016-12-31 13F SOUTHWEST AIRLS CO COM COM 844741108 42,270 42,270 2,107 0.0216
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.