Southwest Airlines Co.
US ˙ NYSE ˙ US8447411088

SecurityLUV / Southwest Airlines Co.
InstitutionWetherby Asset Management Inc
Latest Disclosed Ownership9,571 shares
Latest Disclosed Value $ 305,411
Wetherby Asset Management Inc reports 5.30% increase in ownership of LUV / Southwest Airlines Co.

On November 14, 2025 - Wetherby Asset Management Inc filed a 13F-HR form disclosing ownership of 9,571 shares of Southwest Airlines Co. (US:LUV) valued at $305,411 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 9,089 shares of Southwest Airlines Co.. This represents a change in shares of 5.30% during the quarter. The current value of the position is $397,579 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)
2025-11-14 2025-09-30 13F SOUTHWEST AIRLS COM 844741108 9,571 482 5.30 305 3.74 0.0125
2025-08-14 2025-06-30 13F SOUTHWEST AIRLS COM 844741108 9,089 -1,531 -14.42 295 -17.65 0.0131
2025-02-14 2024-12-31 13F SOUTHWEST AIRLS COM 844741108 10,620 -926 -8.02 357 4.39 0.0171
2024-11-14 2024-09-30 13F SOUTHWEST AIRLS COM 844741108 11,546 -1,467 -11.27 342 -8.06 0.0156
2024-08-14 2024-06-30 13F SOUTHWEST AIRLS COM 844741108 13,013 -791 -5.73 372 -7.46 0.0176
2024-05-15 2024-03-31 13F SOUTHWEST AIRLS COM 844741108 13,804 -193 -1.38 403 -0.50 0.0192
2024-02-14 2023-12-31 13F SOUTHWEST AIRLS COM 844741108 13,997 4,441 46.47 404 56.59 0.0211
2023-11-14 2023-09-30 13F SOUTHWEST AIRLS COM 844741108 9,556 -2,392 -20.02 259 -40.28 0.0147
2023-08-14 2023-06-30 13F SOUTHWEST AIRLS COM 844741108 11,948 1,269 11.88 433 24.50 0.0233
2023-05-12 2023-03-31 13F SOUTHWEST AIRLS COM 844741108 10,679 -327 -2.97 347 -6.22 0.0203
2023-02-14 2022-12-31 13F SOUTHWEST AIRLS COM 844741108 11,006 -1,257 -10.25 371 -2.12 0.0238
2022-11-14 2022-09-30 13F SOUTHWEST AIRLS COM 844741108 12,263 760 6.61 378 -8.92 0.0267
2022-08-15 2022-06-30 13F SOUTHWEST AIRLS COM 844741108 11,503 636 5.85 415 -16.67 0.0283
2022-05-16 2022-03-31 13F SOUTHWEST AIRLS COM 844741108 10,867 1,019 10.35 498 18.01 0.0285
2022-02-14 2021-12-31 13F SOUTHWEST AIRLS COM 844741108 9,848 -655 -6.24 422 -21.85 0.0237
2021-11-15 2021-09-30 13F SOUTHWEST AIRLS COM 844741108 10,503 -239 -2.22 540 -5.26 0.0333
2021-08-16 2021-06-30 13F SOUTHWEST AIRLS COM 844741108 10,742 1,494 16.15 570 0.88 0.0348
2021-05-14 2021-03-31 13F SOUTHWEST AIRLS COM 844741108 9,248 -1,151 -11.07 565 16.49 0.0431
2021-02-11 2020-12-31 13F SOUTHWEST AIRLS COM 844741108 10,399 1,223 13.33 485 40.99 0.0329
2020-12-16 2020-09-30 13F/A-01 SOUTHWEST AIRLS COM 844741108 9,176 541 6.27 344 16.61 0.0315
2020-11-13 2020-09-30 13F SOUTHWEST AIRLS COM 844741108 12,015 3,380 451 28,687.5600
2020-08-14 2020-06-30 13F SOUTHWEST AIRLS COM 844741108 8,635 -1,573 -15.41 295 -18.96 0.0280
2020-05-06 2020-03-31 13F SOUTHWEST AIRLS COM 844741108 10,208 -2,731 -21.11 364 -47.93 0.0409
2020-01-28 2019-12-31 13F SOUTHWEST AIRLS COM 844741108 12,939 1,224 10.45 699 10.43 0.0688
2019-10-31 2019-09-30 13F SOUTHWEST AIRLS COM 844741108 11,715 1,467 14.31 633 21.73 0.0661
2019-07-25 2019-06-30 13F SOUTHWEST AIRLS COM 844741108 10,248 250 2.50 520 0.19 0.0569
2019-07-25 2019-03-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 9,998 -234 -2.29 519 9.26 0.0646
2019-05-09 2019-03-31 13F SOUTHWEST AIRLS COM 844741108 9,998 -234 519
2019-01-30 2018-12-31 13F SOUTHWEST AIRLS COM 844741108 10,232 -627 -5.77 475 -29.94 0.0672
2018-11-07 2018-09-30 13F SOUTHWEST AIRLS COM 844741108 10,859 689 6.77 678 31.14 0.0837
2018-07-24 2018-06-30 13F SOUTHWEST AIRLS COM 844741108 10,170 353 3.60 517 -8.17 0.0700
2018-05-04 2018-03-31 13F SOUTHWEST AIRLS COM 844741108 9,817 -122 -1.23 563 -13.52 0.0777
2018-02-09 2017-12-31 13F SOUTHWEST AIRLS COM 844741108 9,939 93 0.94 651 18.15 0.0903
2017-11-13 2017-09-30 13F SOUTHWEST AIRLS COM 844741108 9,846 71 0.73 551 -9.23 0.0820
2017-08-01 2017-06-30 13F SOUTHWEST AIRLS COM 844741108 9,775 163 1.70 607 17.41 0.1033
2017-04-27 2017-03-31 13F SOUTHWEST AIRLS COM 844741108 9,612 56 0.59 517 8.61 0.0930
2017-02-08 2016-12-31 13F SOUTHWEST AIRLS COM 844741108 9,556 -495 -4.92 476 22.05 0.0932
2016-11-14 2016-09-30 13F SOUTHWEST AIRLS COM 844741108 10,051 -586 -5.51 390 -6.47 0.0789
2016-08-10 2016-06-30 13F SOUTHWEST AIRLS COM 844741108 10,637 377 3.67 417 -9.15 0.0924
2016-05-10 2016-03-31 13F SOUTHWEST AIRLS COM 844741108 10,260 -708 -6.46 459 -2.75 0.1082
2016-02-08 2015-12-31 13F SOUTHWEST AIRLS COM 844741108 10,968 287 2.69 472 15.97 0.1132
2015-11-12 2015-09-30 13F SOUTHWEST AIRLS COM 844741108 10,681 1,721 19.21 407 37.04 0.1043
2015-08-12 2015-06-30 13F SOUTHWEST AIRLS COM 844741108 8,960 -399 -4.26 297 -28.43 0.0714
2015-05-08 2015-03-31 13F SOUTHWEST AIRLS COM 844741108 9,359 -3 -0.03 415 4.80 0.1010
2015-02-12 2014-12-31 13F SOUTHWEST AIRLS COM 844741108 9,362 -477 -4.85 396 18.92 0.0996
2014-11-03 2014-09-30 13F SOUTHWEST AIRLS COM 844741108 9,839 -70 -0.71 333 25.19 0.0928
2014-08-01 2014-06-30 13F SOUTHWEST AIRLS COM 844741108 9,909 -195 -1.93 266 11.30 0.0751
2014-05-05 2014-03-31 13F/A-1 SOUTHWEST AIRLS COM 844741108 10,104 -238 -2.30 239 22.56 0.0685
2014-04-30 2014-03-31 13F SOUTHWEST AIRLS COM 844741108 10,104 239
2014-01-29 2013-12-31 13F SOUTHWEST AIRLS COM 844741108 10,342 195 1.92 195 31.76 0.0556
2013-10-29 2013-09-30 13F SOUTHWEST AIRLS COM 844741108 10,147 10,147 148 0.0462
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.