
Elliott Investment Management has disclosed a 7% beneficial ownership stake in Southwest Airlines, according to a 13D regulatory filing on Monday. The SEC filing, dated July 29, details Elliott's investment in the airline, trading under the ticker $LUV. The investment firm has indicated plans for significant changes at Southwest Airlines, hinting at future strategic moves. The disclosure has also led to increased activity in October call options for Southwest Airlines' stock.
$LUV Elliott Investment Management discloses 7.0% stake in Southwest Airlines Lots of October calls bought the past few days into the dip..
Elliott breaks down Southwest ownership in new regulatory filing https://t.co/xtbl7ilkTZ https://t.co/lkY9RyR83M
Elliott Investment Management wants big changes at @SouthwestAir and on Monday it said what it owns and gave some hints of where the campaign might go. @ReutersBiz https://t.co/UEvBEsM4N8