Greenbrier Partners Capital Management’s Southwest Airlines LUV Stock Holding History

Greenbrier Partners 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
2025 Q2	–	Sell	-938,909	Closed	-$31.5M	–	14
2025 Q1	$31.5M	Sell	938,909 -179,700	-16%	-$5.69M	2.47%	10
2024 Q4	$37.6M	Hold	1,118,609	–	–	2.73%	10
2024 Q3	$36.5M	Sell	1,118,609 -1,469	-0.1%	-$40.7K	2.76%	10
2024 Q2	$32M	Hold	1,120,078	–	–	2.64%	10
2024 Q1	$32.7M	Sell	1,120,078 -5,993	-0.5%	-$186K	3.02%	10
2023 Q4	$32.5M	Sell	1,126,071 -15,540	-1%	-$404K	3.28%	9
2023 Q3	$30.9M	Hold	1,141,611	–	–	3.49%	9
2023 Q2	$41.3M	Hold	1,141,611	–	–	4.52%	7
2023 Q1	$37.1M	Hold	1,141,611	–	–	4.57%	7
2022 Q4	$38.4M	Sell	1,141,611 -81,255	-7%	-$2.93M	5.54%	7
2022 Q3	$37.7M	Hold	1,222,866	–	–	4.82%	8
2022 Q2	$44.2M	Hold	1,222,866	–	–	5.43%	7
2022 Q1	$56M	Hold	1,222,866	–	–	5.29%	7
2021 Q4	$52.4M	Hold	1,222,866	–	–	4.51%	8
2021 Q3	$62.9M	Hold	1,222,866	–	–	5.76%	8
2021 Q2	$64.9M	Hold	1,222,866	–	–	5.92%	6
2021 Q1	$74.7M	Hold	1,222,866	–	–	7.62%	6
2020 Q4	$57M	Hold	1,222,866	–	–	6.03%	6
2020 Q3	$45.9M	Hold	1,222,866	–	–	5.44%	6
2020 Q2	$41.8M	Hold	1,222,866	–	–	5.74%	6
2020 Q1	$43.5M	Hold	1,222,866	–	–	7.83%	6
2019 Q4	$66M	Sell	1,222,866 -29,734	-2%	-$1.65M	10.1%	4
2019 Q3	$67.7M	Sell	1,252,600 -7,400	-0.6%	-$387K	11.12%	4
2019 Q2	$64M	Hold	1,260,000	–	–	10.72%	5
2019 Q1	$65.4M	Hold	1,260,000	–	–	11.62%	3
2018 Q4	$58.6M	Hold	1,260,000	–	–	12.06%	3
2018 Q3	$78.7M	Hold	1,260,000	–	–	13.23%	3
2018 Q2	$64.1M	Hold	1,260,000	–	–	11.47%	3
2018 Q1	$72.2M	Hold	1,260,000	–	–	13.67%	2
2017 Q4	$82.5M	Hold	1,260,000	–	–	14.83%	2
2017 Q3	$70.5M	Hold	1,260,000	–	–	14.22%	2
2017 Q2	$78.3M	Hold	1,260,000	–	–	16.5%	2
2017 Q1	$67.7M	Hold	1,260,000	–	–	15.06%	2
2016 Q4	$62.8M	Hold	1,260,000	–	–	15.82%	2
2016 Q3	$49M	Hold	1,260,000	–	–	12.51%	2
2016 Q2	$49.4M	Hold	1,260,000	–	–	13.58%	2
2016 Q1	$56.4M	Sell	1,260,000 -140,000	-10%	-$5.7M	14.99%	2
2015 Q4	$60.3M	Hold	1,400,000	–	–	14.53%	2
2015 Q3	$53.3M	Buy	1,400,000 +16,337	+1%	+$603K	14.22%	2
2015 Q2	$45.8M	Hold	1,383,663	–	–	11.31%	3
2015 Q1	$61.3M	Hold	1,383,663	–	–	13.93%	1
2014 Q4	$58.6M	Hold	1,383,663	–	–	14.2%	1
2014 Q3	$46.7M	Sell	1,383,663 -116,337	-8%	-$3.55M	12.02%	2
2014 Q2	$40.3M	Hold	1,500,000	–	–	10.11%	3
2014 Q1	$35.4M	Hold	1,500,000	–	–	9.35%	2
2013 Q4	$28.3M	Hold	1,500,000	–	–	7.61%	4
2013 Q3	$21.8M	Buy	1,500,000 +300,000	+25%	+$4.08M	6.69%	6
2013 Q2	$15.5M	Buy	+1,200,000	New	+$16.4M	5.58%	7

Other funds holding LUV

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

EIM

Elliott Investment Management West Palm Beach, Florida $20.1B AUM 60.76% 1-Year Est. Return

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

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

Greenbrier Partners Capital Management's LUV Position: Q2 2025 in Review

Greenbrier Partners Capital Management sold out of Southwest Airlines (LUV) in Q2 2025, closing a stake of 938,909 shares — an estimated $31.5M sold.

Greenbrier Partners Capital Management first reported a position in LUV in Q2 2013 and held it in 48 quarters. The position peaked at $82.5M in Q4 2017. 793 funds tracked by Wall St. Rank hold LUV as of Q2 2025.

Greenbrier Partners Capital Management reported no remaining Southwest Airlines position as of Q2 2025 after selling out during the quarter.
Greenbrier Partners Capital Management sold 938,909 Southwest Airlines shares in Q2 2025, an estimated $31.5M.
Greenbrier Partners Capital Management first reported a position in Southwest Airlines in Q2 2013 and held it in 48 quarters.
Greenbrier Partners Capital Management's Southwest Airlines position peaked at $82.5M in Q4 2017.
793 funds tracked by Wall St. Rank held Southwest Airlines as of Q2 2025.

Based on Greenbrier Partners Capital Management's 13F filing for Q2 2025, filed 11 Aug 2025.