Cliff Asness's LUV Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 242,235 shares of Southwest Airlines Co. (LUV) worth $7.73 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in LUV, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2015, adding 4.05 M shares. Largest reduction occurred in Q4 2015, reducing 2.96 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Southwest Airlines Co (LUV) Holding Value Over Time
Track share changes against reported price movement
Quarterly Southwest Airlines Co (LUV) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +1.78 M | Add 0.00% | 1.78 M | $10.24 |
| Q2 2013 | +2.67 M | Add 0.00% | 2.67 M | $12.89 |
| Q3 2013 | -560,252 | Reduce 21.01% | 2.11 M | $14.56 |
| Q4 2013 | +621,335 | Add 29.51% | 2.73 M | $18.84 |
| Q1 2014 | +46,580 | Add 1.71% | 2.77 M | $23.61 |
| Q2 2014 | +176,700 | Add 6.37% | 2.95 M | $26.86 |
| Q3 2014 | +299,875 | Add 10.16% | 3.25 M | $33.77 |
| Q4 2014 | +856,049 | Add 26.34% | 4.11 M | $42.32 |
| Q1 2015 | +1.52 M | Add 36.95% | 5.62 M | $44.30 |
| Q2 2015 | +4.05 M | Add 72.01% | 9.67 M | $33.09 |
| Q3 2015 | -1.08 M | Reduce 11.13% | 8.6 M | $38.04 |
| Q4 2015 | -2.96 M | Reduce 34.46% | 5.63 M | $43.06 |
| Q1 2016 | -2.22 M | Reduce 39.36% | 3.42 M | $44.80 |
| Q2 2016 | +1.82 M | Add 53.32% | 5.24 M | $39.21 |
| Q3 2016 | +1.36 M | Add 25.97% | 6.6 M | $38.89 |
| Q4 2016 | -533,648 | Reduce 8.09% | 6.07 M | $49.84 |
| Q1 2017 | -354,819 | Reduce 5.85% | 5.71 M | $53.76 |
| Q2 2017 | -243,708 | Reduce 4.27% | 5.47 M | $62.14 |
| Q3 2017 | +716,264 | Add 13.10% | 6.18 M | $55.98 |
| Q4 2017 | -447,936 | Reduce 7.24% | 5.73 M | $65.45 |
| Q1 2018 | +1.53 M | Add 26.64% | 7.26 M | $57.28 |
| Q2 2018 | -2.14 M | Reduce 29.45% | 5.12 M | $50.88 |
| Q3 2018 | +71,503 | Add 1.40% | 5.2 M | $62.45 |
| Q4 2018 | +846,818 | Add 16.30% | 6.04 M | $46.48 |
| Q1 2019 | -2.36 M | Reduce 39.06% | 3.68 M | $51.10 |
| Q2 2019 | +1.87 M | Add 50.66% | 5.55 M | $50.78 |
| Q3 2019 | -1.77 M | Reduce 31.82% | 3.78 M | $54.01 |
| Q4 2019 | -1.06 M | Reduce 27.92% | 2.73 M | $53.98 |
| Q1 2020 | -922,135 | Reduce 33.82% | 1.8 M | $35.61 |
| Q2 2020 | -868,622 | Reduce 48.14% | 935,896 | $33.88 |
| Q3 2020 | -806,700 | Reduce 86.20% | 129,196 | $37.50 |
| Q4 2020 | -117,047 | Reduce 90.60% | 12,149 | $46.01 |
| Q1 2021 | +163,590 | Add 1346.53% | 175,739 | $61.06 |
| Q2 2021 | +246,286 | Add 140.14% | 422,025 | $53.09 |
| Q3 2021 | +273,967 | Add 64.92% | 695,992 | $51.43 |
| Q4 2021 | +123,404 | Add 17.73% | 819,396 | $42.84 |
| Q1 2022 | +982 | Add 0.12% | 820,378 | $45.80 |
| Q2 2022 | -316,469 | Reduce 38.58% | 503,909 | $35.00 |
| Q3 2022 | +1.35 M | Add 268.50% | 1.86 M | $30.84 |
| Q4 2022 | -133,738 | Reduce 7.20% | 1.72 M | $33.36 |
| Q1 2023 | -832,985 | Reduce 48.34% | 890,182 | $32.25 |
| Q2 2023 | -141,917 | Reduce 15.94% | 748,265 | $36.11 |
| Q3 2023 | -602,986 | Reduce 80.58% | 145,279 | $27.07 |
| Q4 2023 | +94,656 | Add 65.15% | 239,935 | $28.88 |
| Q1 2024 | +1,325 | Add 0.55% | 241,260 | $29.19 |
| Q2 2024 | +88,106 | Add 36.52% | 329,366 | $28.25 |
| Q3 2024 | -313,815 | Reduce 95.28% | 15,551 | $29.50 |
| Q4 2024 | +4,067 | Add 26.15% | 19,618 | $33.62 |
| Q1 2025 | +19,729 | Add 100.57% | 39,347 | $33.11 |
| Q2 2025 | +80,579 | Add 204.79% | 119,926 | $32.36 |
| Q3 2025 | +122,309 | Add 101.99% | 242,235 | $31.91 |
Cliff Asness's Southwest Airlines Co Investment FAQs
Cliff Asness first purchased Southwest Airlines Co. (LUV) in Q4 2012, acquiring 1,778,999 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Southwest Airlines Co. (LUV) for 52 quarters since Q4 2012.
Cliff Asness's largest addition to Southwest Airlines Co. (LUV) was in Q2 2015, adding 9,673,317 shares worth $320.09 M.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 242,235 shares of Southwest Airlines Co. (LUV), valued at approximately $7.73 M.
As of the Q3 2025 filing, Southwest Airlines Co. (LUV) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Southwest Airlines Co. (LUV) was 9,673,317 shares, as reported at the end of Q2 2015.