Hudson Bay Capital Management’s Southwest Airlines LUV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-23,736	Closed	-$757K	–	1405
2025 Q3	$757K	Buy	+23,736	New	+$776K	﹤0.01%	885
2025 Q2	–	Sell	-124,780	Closed	-$4.19M	–	1567
2025 Q1	$4.19M	Buy	+124,780	New	+$3.95M	0.03%	645
2024 Q4	–	Hold	0	–	–	–	1072
2024 Q3	–	Hold	0	–	–	–	1003
2022 Q1	–	Sell	-55,000	Closed	-$2.36M	–	1267
2021 Q4	$2.36M	Sell	55,000 -25,000	-31%	-$1.17M	0.03%	637
2021 Q3	$4.11M	Buy	80,000 +30,000	+60%	+$1.52M	0.06%	418
2021 Q2	$2.65M	Buy	50,000 +35,000	+233%	+$2.1M	0.03%	553
2021 Q1	$916K	Buy	+15,000	New	+$798K	0.01%	695
2019 Q4	–	Sell	-30,000	Closed	-$1.62M	–	477
2019 Q3	$1.62M	Buy	+30,000	New	+$1.57M	0.05%	276
2018 Q3	–	Sell	-5,800	Closed	-$295K	–	862
2018 Q2	$295K	Sell	5,800 -1,700	-23%	-$89.5K	0.01%	730
2018 Q1	$430K	Sell	7,500 -16,188	-68%	-$972K	0.02%	688
2017 Q4	$1.55M	Buy	23,688 +3,688	+18%	+$217K	0.05%	356
2017 Q3	$1.12M	Buy	+20,000	New	+$1.12M	0.05%	293