Southwest Airlines Co.
US ˙ NYSE ˙ US8447411088

SecurityLUV / Southwest Airlines Co.
InstitutionStephens Inc /ar/
Latest Disclosed Ownership12,964 shares
Latest Disclosed Value $ 508,864
Stephens Inc /ar/ reports 18.86% decrease in ownership of LUV / Southwest Airlines Co.

On April 28, 2026 - Stephens Inc /ar/ filed a 13F-HR form disclosing ownership of 12,964 shares of Southwest Airlines Co. (US:LUV) valued at $487,057 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 15,978 shares of Southwest Airlines Co.. This represents a change in shares of -18.86% during the quarter. The current value of the position is $535,478 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)
2026-04-28 2026-03-31 13F SOUTHWEST AIRLS COM 844741108 12,964 -3,014 -18.86 509 -23.03 0.0064
2026-02-05 2025-12-31 13F SOUTHWEST AIRLS COM 844741108 15,978 -4,201 -20.82 660 2.64 0.0082
2025-10-27 2025-09-30 13F SOUTHWEST AIRLS COM 844741108 20,179 2,549 14.46 644 12.61 0.0082
2025-07-29 2025-06-30 13F SOUTHWEST AIRLS COM 844741108 17,630 -484 -2.67 572 -6.09 0.0079
2025-05-01 2025-03-31 13F SOUTHWEST AIRLS COM 844741108 18,114 -792 -4.19 608 -4.25 0.0089
2025-01-28 2024-12-31 13F SOUTHWEST AIRLS COM 844741108 18,906 216 1.16 636 14.83 0.0089
2024-10-28 2024-09-30 13F SOUTHWEST AIRLS COM 844741108 18,690 -518 -2.70 554 0.73 0.0079
2024-08-06 2024-06-30 13F SOUTHWEST AIRLS COM 844741108 19,208 -8,223 -29.98 550 -31.37 0.0084
2024-05-15 2024-03-31 13F SOUTHWEST AIRLS COM 844741108 27,431 -425 -1.53 801 -0.50 0.0124
2024-02-13 2023-12-31 13F SOUTHWEST AIRLS COM 844741108 27,856 -342 -1.21 804 5.37 0.0139
2023-11-14 2023-09-30 13F SOUTHWEST AIRLS COM 844741108 28,198 -530 -1.84 763 -26.63 0.0146
2023-08-14 2023-06-30 13F SOUTHWEST AIRLS COM 844741108 28,728 801 2.87 1,040 14.54 0.0187
2023-05-15 2023-03-31 13F SOUTHWEST AIRLS COM 844741108 27,927 3,066 12.33 909 8.48 0.0174
2023-02-14 2022-12-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 24,861 -1,559 -5.90 837 2.70 0.0172
2023-01-25 2022-12-31 13F SOUTHWEST AIRLS OM 844741108 24,861 -1,559 1 0.0171
2022-11-02 2022-09-30 13F SOUTHWEST AIRLS OM 844741108 26,420 -2,405 -8.34 815 -21.71 0.0174
2022-08-03 2022-06-30 13F SOUTHWEST AIRLS OM 844741108 28,825 -3,109 -9.74 1,041 -28.84 0.0210
2022-05-04 2022-03-31 13F SOUTHWEST AIRLS OM 844741108 31,934 -2,094 -6.15 1,463 0.34 0.0239
2022-03-07 2021-12-31 13F SOUTHWEST AIRLS OM 844741108 34,028 -3,785 -10.01 1,458 -25.04 0.0221
2021-10-27 2021-09-30 13F SOUTHWEST AIRLS COM 844741108 37,813 1,143 3.12 1,945 -0.10 0.0301
2021-08-12 2021-06-30 13F SOUTHWEST AIRLS COM 844741108 36,670 -559 -1.50 1,947 -14.34 0.0292
2021-05-14 2021-03-31 13F SOUTHWEST AIRLS COM 844741108 37,229 -14,720 -28.34 2,273 -6.11 0.0373
2021-02-10 2020-12-31 13F SOUTHWEST AIRLS COM 844741108 51,949 9,399 22.09 2,421 51.69 0.0434
2020-11-13 2020-09-30 13F SOUTHWEST AIRLS COM 844741108 42,550 1,309 3.17 1,596 13.19 0.0314
2020-08-24 2020-06-30 13F SOUTHWEST AIRLS COM 844741108 41,241 3,444 9.11 1,410 4.75 0.0303
2020-05-14 2020-03-31 13F SOUTHWEST AIRLS COM 844741108 37,797 -1,375 -3.51 1,346 -36.36 0.0358
2020-02-14 2019-12-31 13F SOUTHWEST AIRLS COM 844741108 39,172 393 1.01 2,115 1.00 0.0443
2019-10-18 2019-09-30 13F SOUTHWEST AIRLS COM 844741108 38,779 7,422 23.67 2,094 31.53 0.0461
2019-08-01 2019-06-30 13F SOUTHWEST AIRLS COM 844741108 31,357 969 3.19 1,592 0.95 0.0361
2019-05-03 2019-03-31 13F SOUTHWEST AIRLS COM 844741108 30,388 -20,956 -40.81 1,577 -33.91 0.0374
2019-02-11 2018-12-31 13F SOUTHWEST AIRLS COM 844741108 51,344 -1,167 -2.22 2,386 -27.23 0.0677
2018-11-14 2018-09-30 13F SOUTHWEST AIRLS COM 844741108 52,511 21,204 67.73 3,279 105.84 0.0816
2018-08-10 2018-06-30 13F SOUTHWEST AIRLS COM 844741108 31,307 7,931 33.93 1,593 18.97 0.0481
2018-05-03 2018-03-31 13F SOUTHWEST AIRLS COM 844741108 23,376 -3,283 -12.31 1,339 -23.27 0.0499
2018-02-05 2017-12-31 13F SOUTHWEST AIRLS COM 844741108 26,659 -18,275 -40.67 1,745 -30.62 0.0653
2017-11-08 2017-09-30 13F SOUTHWEST AIRLS COM 844741108 44,934 -1,713 -3.67 2,515 -13.25 0.0908
2017-08-10 2017-06-30 13F SOUTHWEST AIRLS COM 844741108 46,647 4,848 11.60 2,899 29.02 0.0995
2017-05-11 2017-03-31 13F SOUTHWEST AIRLS COM 844741108 41,799 24,115 136.37 2,247 155.05 0.0817
2017-02-09 2016-12-31 13F SOUTHWEST AIRLS COM 844741108 17,684 4,503 34.16 881 71.73 0.0359
2016-11-30 2016-09-30 13F/A-2 SOUTHWEST AIRLS COM 844741108 13,181 1,099 9.10 513 8.23 0.0225
2016-11-10 2016-09-30 13F SOUTHWEST AIRLS COM 844741108 13,181 513
2016-08-05 2016-06-30 13F SOUTHWEST AIRLS COM 844741108 12,082 84 0.70 474 -11.90 0.0211
2016-05-05 2016-03-31 13F SOUTHWEST AIRLS COM 844741108 11,998 180 1.52 538 5.70 0.0263
2016-02-10 2015-12-31 13F SOUTHWEST AIRLS COM 844741108 11,818 -753 -5.99 509 6.49 0.0255
2015-11-03 2015-09-30 13F SOUTHWEST AIRLS COM 844741108 12,571 4,643 58.56 478 82.44 0.0249
2015-07-29 2015-06-30 13F SOUTHWEST AIRLS COM 844741108 7,928 -7,391 -48.25 262 -61.41 0.0119
2015-05-06 2015-03-31 13F SOUTHWEST AIRLS COM 844741108 15,319 2,576 20.22 679 25.97 0.0309
2015-02-12 2014-12-31 13F SOUTHWEST AIRLS COM 844741108 12,743 247 1.98 539 27.73 0.0255
2014-11-14 2014-09-30 13F SOUTHWEST AIRLS COM 844741108 12,496 492 4.10 422 31.06 0.0209
2014-08-15 2014-06-30 13F SOUTHWEST AIRLS COM 844741108 12,004 -35,191 -74.57 322 -71.10 0.0162
2014-05-13 2014-03-31 13F SOUTHWEST AIRLS COM 844741108 47,195 -2,548 -5.12 1,114 18.89 0.0607
2014-02-14 2013-12-31 13F SOUTHWEST AIRLS COM 844741108 49,743 35,381 246.35 937 348.33 0.0465
2013-11-06 2013-09-30 13F SOUTHWEST AIRLS COM 844741108 14,362 175 1.23 209 14.21 0.0113
2013-08-12 2013-06-30 13F SOUTHWEST AIRLS COM 844741108 14,187 14,187 183 0.0102
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.