Southwest Airlines Co.
MX ˙ BMV ˙ US8447411088
SecurityMX:LUV / Southwest Airlines Co.
InstitutionHilltop Holdings Inc.
Latest Disclosed Ownership15,187 shares
Latest Disclosed Value $ 570,539
Hilltop Holdings Inc. reports 24.85% decrease in ownership of LUV / Southwest Airlines Co.

On May 14, 2026 - Hilltop Holdings Inc. filed a 13F-HR form disclosing ownership of 15,187 shares of Southwest Airlines Co. (MX:LUV) valued at $570,539 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 20,209 shares of Southwest Airlines Co.. This represents a change in shares of -24.85% 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)
2026-05-14 2026-03-31 13F Southwest Airlines COM 844741108 15,187 -5,022 -24.85 571 -31.74 0.0378
2026-02-17 2025-12-31 13F Southwest Airlines COM 844741108 20,209 595 3.03 835 33.60 0.0494
2025-11-14 2025-09-30 13F Southwest Airlines COM 844741108 19,614 -315 -1.58 626 -3.25 0.0331
2025-08-14 2025-06-30 13F SOUTHWEST AIRLINES COM 844741108 19,929 2,489 14.27 647 10.43 0.0414
2025-05-15 2025-03-31 13F SOUTHWEST AIRLS COM 844741108 17,440 -6,459 -27.03 586 -27.15 0.0368
2025-02-14 2024-12-31 13F SOUTHWEST AIRLS COM 844741108 23,899 -641 -2.61 803 10.45 0.0507
2024-11-14 2024-09-30 13F SOUTHWEST AIRLS COM 844741108 24,540 -3,775 -13.33 727 -10.25 0.0464
2024-08-14 2024-06-30 13F SOUTHWEST AIRLS COM 844741108 28,315 603 2.18 810 0.25 0.0936
2024-05-15 2024-03-31 13F SOUTHWEST AIRLS COM 844741108 27,712 -415 -1.48 809 -0.49 0.0835
2024-02-12 2023-12-31 13F SOUTHWEST AIRLS COM 844741108 28,127 3,937 16.28 812 24.16 0.0921
2023-11-14 2023-09-30 13F SOUTHWEST AIRLS COM 844741108 24,190 1,624 7.20 655 -19.95 0.0764
2023-08-14 2023-06-30 13F SOUTHWEST AIRLS COM 844741108 22,566 709 3.24 817 14.91 0.0994
2023-05-15 2023-03-31 13F SOUTHWEST AIRLS COM 844741108 21,857 -70 -0.32 711 -3.66 0.0934
2023-02-14 2022-12-31 13F SOUTHWEST AIRLS COM 844741108 21,927 2,928 15.41 738 25.94 0.0946
2022-11-14 2022-09-30 13F SOUTHWEST AIRLS COM 844741108 18,999 -200 -1.04 586 -15.44 0.0793
2022-08-15 2022-06-30 13F SOUTHWEST AIRLS COM 844741108 19,199 -354 -1.81 693 -22.57 0.0917
2022-05-16 2022-03-31 13F SOUTHWEST AIRLS COM 844741108 19,553 -1,288 -6.18 895 0.22 0.1008
2022-02-14 2021-12-31 13F SOUTHWEST AIRLS COM 844741108 20,841 -256 -1.21 893 -17.70 0.0928
2021-11-15 2021-09-30 13F SOUTHWEST AIRLS COM 844741108 21,097 -5,082 -19.41 1,085 -21.94 0.1189
2021-08-16 2021-06-30 13F SOUTHWEST AIRLS COM 844741108 26,179 1,130 4.51 1,390 -9.09 0.1566
2021-05-17 2021-03-31 13F SOUTHWEST AIRLS COM 844741108 25,049 5,808 30.19 1,529 70.46 0.1973
2021-02-16 2020-12-31 13F SOUTHWEST AIRLS COM 844741108 19,241 -5,303 -21.61 897 -2.61 0.1255
2020-11-16 2020-09-30 13F SOUTHWEST AIRLS COM 844741108 24,544 -385 -1.54 921 8.10 0.1562
2020-08-14 2020-06-30 13F SOUTHWEST AIRLS COM 844741108 24,929 7,614 43.97 852 38.09 0.1573
2020-05-15 2020-03-31 13F SOUTHWEST AIRLS COM 844741108 17,315 6 0.03 617 -33.94 0.1487
2020-02-14 2019-12-31 13F SOUTHWEST AIRLS COM 844741108 17,309 172 1.00 934 0.97 0.1746
2019-11-14 2019-09-30 13F SOUTHWEST AIRLS COM 844741108 17,137 3,106 22.14 925 29.73 0.1755
2019-08-14 2019-06-30 13F SOUTHWEST AIRLS COM 844741108 14,031 -18 -0.13 713 -2.19 0.1511
2019-05-15 2019-03-31 13F SOUTHWEST AIRLS COM 844741108 14,049 0 0.00 729 11.64 0.1548
2019-02-14 2018-12-31 13F SOUTHWEST AIRLS COM 844741108 14,049 42 0.30 653 -25.29 0.1621
2018-11-14 2018-09-30 13F SOUTHWEST AIRLS COM 844741108 14,007 -419 -2.90 874 19.07 0.1834
2018-08-14 2018-06-30 13F SOUTHWEST AIRLS COM 844741108 14,426 7,720 115.12 734 91.15 0.1555
2018-05-15 2018-03-31 13F SOUTHWEST AIRLS COM 844741108 6,706 -3,357 -33.36 384 -41.73 0.0671
2018-02-14 2017-12-31 13F SOUTHWEST AIRLS COM 844741108 10,063 -8,280 -45.14 659 -35.83 0.1486
2017-11-14 2017-09-30 13F SOUTHWEST AIRLS COM 844741108 18,343 6,273 51.97 1,027 36.93 0.3111
2017-08-14 2017-06-30 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 750 15.74 0.2201
2017-05-15 2017-03-31 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 648 7.82 0.1950
2017-02-14 2016-12-31 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 601 27.87 0.1883
2016-11-14 2016-09-30 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 470 -0.63 0.1479
2016-08-15 2016-06-30 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 473 -12.57 0.1504
2016-05-16 2016-03-31 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 541 4.04 0.1693
2016-02-16 2015-12-31 13F SOUTHWEST AIRLS COM 844741108 12,070 0 0.00 520 13.04 0.1512
2015-11-16 2015-09-30 13F SOUTHWEST AIRLS COM 844741108 12,070 -10,256 -45.94 460 -37.75 0.1345
2015-08-14 2015-06-30 13F SOUTHWEST AIRLS COM 844741108 22,326 10,193 84.01 739 37.62 0.2011
2015-05-15 2015-03-31 13F SOUTHWEST AIRLS COM 844741108 12,133 3,607 42.31 537 48.75 0.1372
2015-02-17 2014-12-31 13F SOUTHWEST AIRLS COM 844741108 8,526 73 0.86 361 26.67 0.1247
2014-11-14 2014-09-30 13F SOUTHWEST AIRLS COM 844741108 8,453 0 0.00 285 25.55 0.1308
2014-08-14 2014-06-30 13F SOUTHWEST AIRLS COM 844741108 8,453 0 0.00 227 13.50 0.1060
2014-05-15 2014-03-31 13F SOUTHWEST AIRLS COM 844741108 8,453 8,453 200 0.0997
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.