Southwest Airlines
871 hedge funds and large institutions have $16.4B invested in Southwest Airlines in 2026 Q1 according to their latest regulatory filings, with 144 funds opening new positions, 285 increasing their positions, 280 reducing their positions, and 108 closing their positions.
68% more call options, than puts
Call options by funds: $681M | Put options by funds: $405M
33% more first-time investments, than exits
New positions opened: 144 | Existing positions closed: 108
2% more funds holding
Funds holding: 851 → 871 (+20)
2% more repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 280
5.07% less ownership
Funds ownership: 93.72% → 88.65% (-5.1%)
18% less capital invested
Capital invested by funds: $20B → $16.4B (-$3.68B)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$272M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$233M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$189M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$125M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$80M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
-$938M |
| 2 |
Goldman Sachs
New York
|
-$592M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$222M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$174M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$148M |
LUV Hedge Fund Activity: Q1 2026 in Review
871 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in Southwest Airlines (LUV) for Q1 2026, worth a combined $16.4B — down 18% from $20B a quarter earlier.
Buyers outnumbered sellers: 144 funds opened new LUV positions and 108 closed out — a net gain of 36 holders — while 285 added to existing stakes and 280 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $272M. The largest seller was Elliott Investment Management, cutting an estimated $938M.
- 871 institutional investors held Southwest Airlines (LUV) as of Q1 2026, up from 851 in Q4 2025.
- Funds reported $16.4B of Southwest Airlines stock for Q1 2026, down 18% quarter-over-quarter.
- 144 funds opened new Southwest Airlines positions in Q1 2026 and 108 closed out, a net change of +36 holders.
- The largest Southwest Airlines buyer in Q1 2026 was Fidelity Investments, an estimated $272M added.
- The largest Southwest Airlines seller in Q1 2026 was Elliott Investment Management, an estimated $938M sold.
Based on aggregated 13F filings for Q1 2026.