SecurityLUV / Southwest Airlines Co.
Institution1832 Asset Management L.P.
Shares151,660
Value $ 7,663,000
Related 844741AX6 / Southwest Airlines 5.125% Notes 03/01/17
844741AW8 / Southwest Airlines 5.250% Notes 10/01/14
844741AY4 / Southwest Airlines 5.75% Notes 12/15/16
844741AN8 / Southwest Airlines 7.375% Debentures 03/01/27
00949PAD0 / Southwest Airlines Co. Bond

1832 Asset Management L.P. reports 58.21% decrease in ownership of LUV / Southwest Airlines Co.

August 14, 2018 - 1832 Asset Management L.P. has filed a 13F-HR form disclosing ownership of 151,660 shares of Southwest Airlines Co. (NYSE:LUV) with total holdings valued at $7,663,000 USD as of June 30, 2018. 1832 Asset Management L.P. had filed a previous 13F-HR on May 15, 2018 disclosing 362,946 shares of Southwest Airlines Co. at a value of $20,779,000 USD. This represents a change in shares of -58.21 percent and a change in value of -63.12 percent during the quarter.

Other investors with positions similar to 1832 Asset Management L.P. include Glenview Trust Co, Commonwealth Equity Services, Llc., Westpac Banking Corp, South Dakota Investment Council, Beach Investment Counsel Inc/pa, and Glen Harbor Capital Management LLC.

Southwest Airlines Co. has declared a standard industrial code (sic) of 4512 which is the "Air Transportation, Scheduled" industry. 1832 Asset Management L.P.'s top industries are "Construction Special Trade Contractors" (sic 17), "Primary Metal Industries" (sic 33), and "Home Furniture, Furnishings, And Equipment Stores" (sic 57).

13F Filings

The Security, Class, and CUSIP columns 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 and cusips.

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.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR SOUTHWEST AIRLS COM 844741108 53.89 151,660 -58.21 7,663 -63.12 -11,386 -1,730 -8.33
2018-03-31 13F-HR SOUTHWEST AIRLS COM 844741108 61.14 362,946 -54.31 20,779 -59.78 -26,381 -4,506 -8.72
2017-12-31 13F-HR SOUTHWEST AIRLS COM 844741108 58.90 794,405 1,155.16 51,666 1,446.89 43,066 5,260 157.48
2017-09-30 13F-HR SOUTHWEST AIRLS COM 844741108 57.35 63,291 3,562.67 3,340 3,021.50 3,530 -297 -277.98
2017-06-30 13F-HR SOUTHWEST AIRLS COM 844741108 57.80 1,728 -40.92 107 -31.85 -69 19 12.22
2017-03-31 13F-HR SOUTHWEST AIRLS COM 844741108 51.79 2,925 0.00 157 7.53 0 11 7.53
2016-12-31 13F-HR/A-1 SOUTHWEST AIRLS COM 844741108 44.44 2,925 0.00 146 28.07 0 32 28.07
2016-12-31 13F-HR SOUTHWEST AIRLS COM 844741108 2,925 146
2016-09-30 13F-HR SOUTHWEST AIRLS COM 844741108 39.15 2,925 0.00 114 -0.87 0 -1 -0.87
2016-06-30 13F-HR/A-1 SOUTHWEST AIRLS COM 844741108 2,925 0.00 115 115 0
2016-06-30 13F-HR SOUTHWEST AIRLS COM 844741108 2,925 115
2015-03-31 13F-HR SOUTHWEST AIRLS COM 844741108 0 -100.00 0 -100.00 0 0
2014-12-31 13F-HR SOUTHWEST AIRLS COM 844741108 200 8


CUSIP: 844741108