Southwest Airlines Co.
MX ˙ BMV ˙ US8447411088
SecurityMX:LUV / Southwest Airlines Co.
InstitutionVictory Capital Management Inc
Latest Disclosed Ownership179,655 shares
Latest Disclosed Value $ 6,749,638
Victory Capital Management Inc reports 0.96% increase in ownership of LUV / Southwest Airlines Co.

On May 15, 2026 - Victory Capital Management Inc filed a 13F-HR form disclosing ownership of 179,655 shares of Southwest Airlines Co. (MX:LUV) valued at $6,749,638 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 177,938 shares of Southwest Airlines Co.. This represents a change in shares of 0.96% 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)
2026-05-15 2026-03-31 13F SOUTHWEST AIRLS COM 844741108 179,655 1,717 0.96 6,750 -8.23 0.0032
2026-02-13 2025-12-31 13F SOUTHWEST AIRLS COM 844741108 177,938 -5,737 -3.12 7,354 25.47 0.0042
2025-11-12 2025-09-30 13F SOUTHWEST AIRLS COM 844741108 183,675 -29,002 -13.64 5,861 -15.05 0.0034
2025-08-13 2025-06-30 13F SOUTHWEST AIRLS COM 844741108 212,677 -11,409 -5.09 6,899 -8.31 0.0044
2025-05-02 2025-03-31 13F SOUTHWEST AIRLS COM 844741108 224,086 9,277 4.32 7,525 4.20 0.0077
2025-02-06 2024-12-31 13F SOUTHWEST AIRLS COM 844741108 214,809 -5,042 -2.29 7,222 10.85 0.0071
2024-11-05 2024-09-30 13F SOUTHWEST AIRLS COM 844741108 219,851 -3,502 -1.57 6,514 1.94 0.0063
2024-08-05 2024-06-30 13F SOUTHWEST AIRLS COM 844741108 223,353 -3,322 -1.47 6,390 -3.42 0.0064
2024-05-03 2024-03-31 13F SOUTHWEST AIRLS COM 844741108 226,675 -9,818 -4.15 6,617 -3.12 0.0065
2024-02-05 2023-12-31 13F SOUTHWEST AIRLS COM 844741108 236,493 -6,121 -2.52 6,830 3.99 0.0072
2023-11-06 2023-09-30 13F SOUTHWEST AIRLS COM 844741108 242,614 20,625 9.29 6,568 -18.30 0.0075
2023-07-27 2023-06-30 13F SOUTHWEST AIRLS COM 844741108 221,989 -37,805 -14.55 8,038 -4.91 0.0088
2023-05-02 2023-03-31 13F SOUTHWEST AIRLS COM 844741108 259,794 -3,738 -1.42 8,454 -4.73 0.0095
2023-04-25 2022-12-31 13F/A-3 SOUTHWEST AIRLS COM 844741108 263,532 32,351 13.99 8,873 24.45 0.0102
2023-03-10 2022-12-31 13F/A-2 SOUTHWEST AIRLS COM 844741108 263,532 32,351 8,873 0.0097
2023-02-10 2022-12-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 263,532 32,351 8,873 0.0061
2023-02-09 2022-12-31 13F SOUTHWEST AIRLS COM 844741108 234,315 3,134 8,381 0.0057
2022-11-02 2022-09-30 13F SOUTHWEST AIRLS COM 844741108 231,181 -13,513 -5.52 7,130 -19.33 0.0083
2022-08-01 2022-06-30 13F SOUTHWEST AIRLS COM 844741108 244,694 292 0.12 8,838 -22.60 0.0101
2022-05-04 2022-03-31 13F SOUTHWEST AIRLS COM 844741108 244,402 17,387 7.66 11,418 17.41 0.0114
2022-02-07 2021-12-31 13F SOUTHWEST AIRLS COM 844741108 227,015 -118,735 -34.34 9,725 -45.31 0.0089
2021-11-02 2021-09-30 13F SOUTHWEST AIRLS COM 844741108 345,750 -3,695 -1.06 17,782 -4.15 0.0174
2021-08-03 2021-06-30 13F SOUTHWEST AIRLS COM 844741108 349,445 -20,868 -5.64 18,552 -17.95 0.0178
2021-05-04 2021-03-31 13F SOUTHWEST AIRLS COM 844741108 370,313 44,554 13.68 22,611 48.92 0.0232
2021-02-01 2020-12-31 13F SOUTHWEST AIRLS COM 844741108 325,759 11,424 3.63 15,183 28.80 0.0169
2020-11-09 2020-09-30 13F Southwest Airlines COM 844741108 314,335 -334,056 -51.52 11,788 -46.81 0.0151
2020-08-07 2020-06-30 13F SOUTHWEST AIRLS COM 844741108 648,391 42,668 7.04 22,162 2.74 0.0300
2020-05-12 2020-03-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 605,723 -66,942 -9.95 21,570 -40.59 0.0362
2020-05-04 2020-03-31 13F SOUTHWEST AIRLS COM 844741108 605,723 -66,942 21,570 23,606.1731
2020-02-06 2019-12-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 672,665 47,182 7.54 36,310 7.48 0.0441
2020-02-04 2019-12-31 13F SOUTHWEST AIRLS COM 844741108 634,893 9,410 34,906 41,841.4957
2019-11-12 2019-09-30 13F SOUTHWEST AIRLS COM 844741108 625,483 554,684 783.46 33,782 839.69 0.0435
2019-08-15 2019-06-30 13F SOUTHWEST AIRLS COM 844741108 70,799 -201,072 -73.96 3,595 -74.53 0.0073
2019-05-03 2019-03-31 13F SOUTHWEST AIRLS CS 844741108 271,871 207,954 325.35 14,113 375.03 0.0321
2019-05-02 2018-12-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 63,917 -698,888 -91.62 2,971 -93.76 0.0075
2019-02-05 2018-12-31 13F SOUTHWEST AIRLS COM 844741108 63,917 -698,888 2,971
2018-11-01 2018-09-30 13F SOUTHWEST AIRLS COM 844741108 762,805 -67,522 -8.13 47,637 12.76 0.0983
2018-08-02 2018-06-30 13F SOUTHWEST AIRLS COM 844741108 830,327 210,186 33.89 42,247 18.93 0.0899
2018-05-04 2018-03-31 13F SOUTHWEST AIRLS COM 844741108 620,141 130,253 26.59 35,522 10.79 0.0775
2018-02-01 2017-12-31 13F SOUTHWEST AIRLS COM 844741108 489,888 157,027 47.17 32,063 72.07 0.0675
2017-10-27 2017-09-30 13F SOUTHWEST AIRLS COM 844741108 332,861 219,883 194.62 18,634 165.40 0.0419
2017-08-07 2017-06-30 13F SOUTHWEST AIRLS COM 844741108 112,978 -2,265 -1.97 7,021 13.33 0.0164
2017-05-10 2017-03-31 13F SOUTHWEST AIRLS COM 844741108 115,243 27,731 31.69 6,195 42.05 0.0147
2017-02-09 2016-12-31 13F SOUTHWEST AIRLINES CO., , $1 COM 844741108 87,512 59,041 207.37 4,361 293.95 0.0110
2016-11-02 2016-09-30 13F SOUTHWEST AIRLS COM 844741108 28,471 -94,744 -76.89 1,107 -77.09 0.0031
2016-08-09 2016-06-30 13F SOUTHWEST AIRLS COM 844741108 123,215 177 0.14 4,831 -12.35 0.0193
2016-05-17 2016-03-31 13F/A-2 SOUTHWEST AIRLS COM 844741108 123,038 101,112 461.15 5,512 483.90 0.0228
2016-05-12 2016-03-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 123,038 0 5,512 0.0226
2016-05-12 2016-03-31 13F SOUTHWEST AIRLS COM 844741108 123,038 5,512
2016-02-10 2015-12-31 13F SOUTHWEST AIRLS COM 844741108 21,926 9,069 70.54 944 93.05 0.0039
2015-11-06 2015-09-30 13F SOUTHWEST AIRLS COM 844741108 12,857 -653 -4.83 489 10.14 0.0020
2015-08-14 2015-06-30 13F/A-01 Southwest Airlines COM 844741108 13,510 -984,894 -98.65 444 -99.00 0.0016
2015-08-07 2015-06-30 13F Southwest Airlines COM 844741108 13,510 443
2015-05-07 2015-03-31 13F SOUTHWEST AIRLS COM 844741108 998,404 835,644 513.42 44,229 542.02 0.1589
2015-02-11 2014-12-31 13F SouthWest Airlines COM 844741108 162,760 154,228 1,807.64 6,889 2,283.74 0.0254
2014-10-16 2014-09-30 13F SOUTHWEST AIRLS Common Stock 844741108 8,532 -1,044,524 -99.19 289 -98.98 0.0022
2014-08-08 2014-06-30 13F Southwest Airlines Common Stock 844741108 1,053,056 -1,272,469 -54.72 28,286 -48.48 0.1918
2014-05-06 2014-03-31 13F Southwest Airlines Common Stock 844741108 2,325,525 -610,375 -20.79 54,906 -0.73 0.3726
2014-02-12 2013-12-31 13F Southwest Airlines Common Stock 844741108 2,935,900 -519,062 -15.02 55,312 9.96 0.3900
2014-03-12 2013-09-30 13F/A-1 Southwest Airlines Common Stock 844741108 3,454,962 3,454,962 50,303 0.3609
2013-11-12 2013-09-30 13F Southwest Airlines Common Stock 844741108 3,454,962 50,303
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.