Discovery Capital Management’s Southwest Airlines LUV Stock Holding History

Discovery Capital Management’s Portfolio LUV Stock Details LUV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-273,000	Closed	-$11.8M	–	115
2015 Q4	$11.8M	Sell	273,000 -847,000	-76%	-$37.5M	0.14%	81
2015 Q3	$42.6M	Buy	+1,120,000	New	+$41.3M	0.47%	59
2015 Q2	–	Sell	-1,283,150	Closed	-$56.8M	–	114
2015 Q1	$56.8M	Sell	1,283,150 -71,100	-5%	-$3.11M	0.65%	49
2014 Q4	$57.3M	Sell	1,354,250 -599,950	-31%	-$22.4M	0.59%	51
2014 Q3	$66M	Buy	1,954,200 +463,000	+31%	+$14.1M	0.74%	39
2014 Q2	$40.1M	Buy	+1,491,200	New	+$37.6M	0.38%	61

Other funds holding LUV

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

ECU

Egerton Capital (UK) London, United Kingdom $9.01B AUM 30.26% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Discovery Capital Management's LUV Position: Q1 2016 in Review

Discovery Capital Management sold out of Southwest Airlines (LUV) in Q1 2016, closing a stake of 273,000 shares — an estimated $11.8M sold.

Discovery Capital Management first reported a position in LUV in Q2 2014 and held it in 6 quarters. The position peaked at $66M in Q3 2014. 767 funds tracked by Wall St. Rank hold LUV as of Q1 2016.

Discovery Capital Management reported no remaining Southwest Airlines position as of Q1 2016 after selling out during the quarter.
Discovery Capital Management sold 273,000 Southwest Airlines shares in Q1 2016, an estimated $11.8M.
Discovery Capital Management first reported a position in Southwest Airlines in Q2 2014 and held it in 6 quarters.
Discovery Capital Management's Southwest Airlines position peaked at $66M in Q3 2014.
767 funds tracked by Wall St. Rank held Southwest Airlines as of Q1 2016.

Based on Discovery Capital Management's 13F filing for Q1 2016, filed 16 May 2016.