Southwest Airlines: which funds bought and sold

Institutions that bought and sold Southwest Airlines shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 462 institutions that filed 13F reports for both quarters added to or opened positions in Southwest Airlines, and 376 cut or closed them. Together they added a net 17.6M shares, +4.0% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 5.2M shares (−2.7%); index fund managers were net buyers of 1.4M shares (+1.0%). 155 opened a new position and 94 sold out entirely.

Bought, Q2 2026 462 institutions, 155 of them new holders Sold, Q2 2026 376 institutions, 94 of them sold out

Net change, all compared +17.6M shares (+4.0%)

Net change, active managers −5.2M shares (−2.7%), 45 bought, 33 sold

Buyers versus sellers

institutions compared, 1,005

462 bought 167 376 sold

Active managers and hedge funds 45 bought · 33 sold · −5.2M

Index fund managers 5 bought · 7 sold · +1.4M

Other institutions 412 bought · 336 sold · +21.4M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Goldman Sachs Group Inc	+6.9M +195.8%	10.4M	$535M
Jpmorgan Chase & Co	+4.5M +101.4%	8.9M	$457M
Crake Asset Management LLP Hedge fund	+4.1M +142.0%	7.1M	$363M
UBS Group AG	+4.0M +156.9%	6.5M	$336M
First Trust Advisors LP	+3.5M +536.7%	4.1M	$213M
Franklin Resources Inc Active manager	+2.2M +4.9%	46.6M	$2.4B
Primecap Management Co Active manager	+1.7M +3.7%	48.8M	$2.5B
Jacobs Levy Equity Management, Inc Active manager	+1.5M +58.4%	4.1M	$213M
Blackrock, Inc. Index funds	+1.3M +4.7%	29.9M	$1.5B
Wells Fargo & Company	+1.2M +186.7%	1.8M	$90.8M
Teewinot Capital Advisers, L.L.C.	+998K +188.2%	1.5M	$78.6M
American Century Companies Inc Active manager	+896K +42.3%	3.0M	$155M
Vanguard Portfolio Management LLC Index funds	+870K +3.8%	24.0M	$1.2B
Point72 Asset Management, L.P. Hedge fund	+857K New position	857K	$44.1M
Ameriprise Financial Inc	+793K +7.9%	10.8M	$554M
Capital Fund Management S.A. Hedge fund	+655K +266.3%	901K	$46.3M
Dorsal Capital Management, LP Hedge fund	+650K New position	650K	$33.4M
Bank Of New York Mellon Corp	+643K +16.4%	4.6M	$235M
AQR Capital Management LLC Hedge fund	+638K +102.5%	1.3M	$64.6M
Deutsche Bank Ag\	+591K +56.8%	1.6M	$84M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Crake Asset Management LLP Hedge fund	+4.1M +142.0%	7.1M	$363M
Franklin Resources Inc Active manager	+2.2M +4.9%	46.6M	$2.4B
Primecap Management Co Active manager	+1.7M +3.7%	48.8M	$2.5B
Jacobs Levy Equity Management, Inc Active manager	+1.5M +58.4%	4.1M	$213M
American Century Companies Inc Active manager	+896K +42.3%	3.0M	$155M
Point72 Asset Management, L.P. Hedge fund	+857K New position	857K	$44.1M
Capital Fund Management S.A. Hedge fund	+655K +266.3%	901K	$46.3M
Dorsal Capital Management, LP Hedge fund	+650K New position	650K	$33.4M
AQR Capital Management LLC Hedge fund	+638K +102.5%	1.3M	$64.6M
Interval Partners, LP Hedge fund	+485K New position	485K	$24.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Elliott Investment Management L.P. Hedge fund	−6.0M −19.9%	24.3M	$1.2B
Arrowstreet Capital, Limited Partnership Hedge fund	−4.7M −96.9%	153K	$7.9M
Qube Research & Technologies Ltd Hedge fund	−3.3M −63.6%	1.9M	$96.6M
Voloridge Investment Management, LLC Hedge fund	−2.9M Sold out	0	—
Jane Street Group, LLC	−1.7M −60.0%	1.1M	$57.3M
Nordea Investment Management AB	−1.1M Sold out	0	—
Amundi	−1.0M −70.6%	429K	$22.1M
Bank Of America Corp	−996K −15.9%	5.3M	$271M
Citadel Advisors LLC Hedge fund	−887K −45.9%	1.0M	$53.8M
Balyasny Asset Management L.P. Hedge fund	−839K −82.0%	184K	$9.5M
Millennium Management LLC Hedge fund	−685K −44.4%	860K	$44.2M
Y-Intercept (Hong Kong) Ltd	−372K Sold out	0	—
Centiva Capital, LP Hedge fund	−360K −94.6%	21K	$1.1M
Nfj Investment Group, LLC	−333K −58.3%	238K	$12.3M
PAR Capital Management Inc Hedge fund	−313K −6.0%	4.9M	$252M
Assenagon Asset Management S.A.	−293K −63.2%	170K	$8.8M
Thomist Capital Management, LP	−288K Sold out	0	—
Walleye Capital LLC Hedge fund	−286K −70.9%	117K	$6M
Rhumbline Advisers Index funds	−284K −22.3%	990K	$50.9M
Geode Capital Management, LLC Index funds	−237K −1.8%	12.7M	$654M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Elliott Investment Management L.P. Hedge fund	−6.0M −19.9%	24.3M	$1.2B
Arrowstreet Capital, Limited Partnership Hedge fund	−4.7M −96.9%	153K	$7.9M
Qube Research & Technologies Ltd Hedge fund	−3.3M −63.6%	1.9M	$96.6M
Voloridge Investment Management, LLC Hedge fund	−2.9M Sold out	0	—
Citadel Advisors LLC Hedge fund	−887K −45.9%	1.0M	$53.8M
Balyasny Asset Management L.P. Hedge fund	−839K −82.0%	184K	$9.5M
Millennium Management LLC Hedge fund	−685K −44.4%	860K	$44.2M
Centiva Capital, LP Hedge fund	−360K −94.6%	21K	$1.1M
PAR Capital Management Inc Hedge fund	−313K −6.0%	4.9M	$252M
Walleye Capital LLC Hedge fund	−286K −70.9%	117K	$6M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Point72 Asset Management, L.P.Hedge fund	857K	$44.1M
Dorsal Capital Management, LPHedge fund	650K	$33.4M
Interval Partners, LPHedge fund	485K	$24.9M
Vest Financial, LLC	448K	$23M
Mediolanum International Funds Ltd	186K	$9.6M
Klcm Advisors, Inc.	186K	$9.6M
Quadrature Capital LtdHedge fund	136K	$7M
J. Goldman & Co LPHedge fund	134K	$6.9M
Anderson Hoagland & Co	82K	$4.2M
Woodline Partners LPHedge fund	79K	$4.1M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Voloridge Investment Management, LLCHedge fund	2.9M	$110M
Nordea Investment Management AB	1.1M	$39.1M
Y-Intercept (Hong Kong) Ltd	372K	$14M
Thomist Capital Management, LP	288K	$10.8M
Renaissance Technologies LLCHedge fund	197K	$7.4M
Longaeva Partners L.P.	155K	$5.8M
Turas Capital Management LP	97K	$3.6M
Dorsey Wright & Associates	92K	$3.5M
Zacks Investment Management	87K	$3.3M
Oak Thistle LLC	87K	$3.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 926
Ten largest holders: 59.8%
Index fund managers: 30.5%
Active managers and hedge funds: 40.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	45	33	14	10	−5.2M	−2.7%
Index fund managers	5	7	0	0	+1.4M	+1.0%
Other institutions	412	336	141	84	+21.4M	+20.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Southwest Airlines.

Only managers that filed a holdings report for both quarters are compared (1,005 here). 33 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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