Southwest Airlines Co.
US ˙ NYSE ˙ US8447411088

SecurityLUV / Southwest Airlines Co.
InstitutionEmpowered Funds, LLC
Latest Disclosed Ownership16,506 shares
Latest Disclosed Value $ 620,130
Empowered Funds, LLC reports 25.43% increase in ownership of LUV / Southwest Airlines Co.

On May 15, 2026 - Empowered Funds, LLC filed a 13F-HR form disclosing ownership of 16,506 shares of Southwest Airlines Co. (US:LUV) valued at $620,130 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 13,160 shares of Southwest Airlines Co.. This represents a change in shares of 25.43% during the quarter. The current value of the position is $674,600 USD.

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)
2026-05-15 2026-03-31 13F SOUTHWEST AIRLS COM 844741108 16,506 3,346 25.43 620 14.18 0.0017
2026-02-11 2025-12-31 13F SOUTHWEST AIRLS COM 844741108 13,160 -71,243 -84.41 544 -79.84 0.0043
2025-11-13 2025-09-30 13F SOUTHWEST AIRLS COM 844741108 84,403 74,869 785.28 2,693 771.52 0.0272
2025-08-11 2025-06-30 13F SOUTHWEST AIRLS COM 844741108 9,534 2,075 27.82 309 23.60 0.0035
2025-05-16 2025-03-31 13F SOUTHWEST AIRLS COM 844741108 7,459 527 7.60 250 7.30 0.0036
2025-01-28 2024-12-31 13F SOUTHWEST AIRLS COM 844741108 6,932 6,932 233 0.0034
2020-10-26 2020-09-30 13F SOUTHWEST AIRLS COM 844741108 0 -72,446 -100.00 0 -100.00
2020-07-16 2020-06-30 13F SOUTHWEST AIRLS COM 844741108 72,446 27,712 61.95 2,476 2.53 0.9585
2020-07-16 2020-03-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 44,734 0 0.00 2,415 0.00 0.8741
2020-04-16 2020-03-31 13F SOUTHWEST AIRLS COM 844741108 45,445 711 1,618 933,226.4372
2020-07-16 2019-12-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 44,734 3,225 7.77 2,415 7.72 0.8741
2020-01-27 2019-12-31 13F SOUTHWEST AIRLS COM 844741108 44,734 3,225 2,415 989,441.8565
2019-11-01 2019-09-30 13F SOUTHWEST AIRLS COM 844741108 41,509 -2,916 -6.56 2,242 -0.62 0.9759
2019-07-09 2019-06-30 13F SOUTHWEST AIRLS COM 844741108 44,425 -2,683 -5.70 2,256 -7.73 0.9429
2019-05-10 2019-03-31 13F SOUTHWEST AIRLS COM 844741108 47,108 32,692 226.78 2,445 202.97 0.8741
2018-07-09 2017-09-30 13F/A-1 SOUTHWEST AIRLS COM 844741108 14,416 14,416 807 0.5237
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.