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Air transportation, scheduled, and air courier (SIC 451)

Major group 45: Transportation by air

Companies whose SIC industry code starts with 451. Companies with no code (SIC 0) and shell companies (SIC 9995) are left out.

Its 4-digit industries: 4512 Air transportation, scheduled · 4513 Air courier services

As of2020 Q4
Data cover 2000 Q4 – 2020 Q4, quarterly.

The tiles, heatmap and tables below use the industry’s S&P 500 companies.

Companies in 2020 Q4 5
Average profit weight between them 0.74

Average profit weight in the industry over time

The mean profit weight over every ordered pair of the industry’s companies, each quarter: S&P 500 companies (solid) and all companies (faded). Click a quarter to show it.

    Computed from the current data release, using every firm in the sample. Published papers used earlier releases and samples, so their figures differ slightly.

    Show the numbers

    Profit weights between the 5 largest companies, 2020 Q4

    Each cell is the profit weight of the row company’s shareholders on the column company (darker: higher). Companies are ordered so that tightly linked groups form blocks. Largest means most reported owners. Click a cell to compare the two companies.

    FedEx CorpAlaska Airgroup IncSouthwest Airlines CoUnited Airlines Holdi…Delta Air Lines IncReport
    FedEx Corp 0.770.840.690.62
    Alaska Airgroup Inc 0.700.810.740.66
    Southwest Airlines Co 0.660.710.790.64
    United Airlines Holdings Inc 0.740.871.070.80
    Delta Air Lines Inc 0.560.660.730.67

    Investors who drive it, 2020 Q4

    The investors that contribute most to the industry’s average profit weight: roughly, those holding sizeable stakes in many of its companies at once. Investor types are inferred from the forms each investor files with the SEC and are under review. Anyone filing Forms 3/4/5 counts as an insider unless they also file 13F, in which case they count as an asset manager (such as Carl Icahn).

    • Big Three
    • Asset manager
    • Non-financial blockholder
    • Activist
    • Insider
    #InvestorTypeCompanies held hereShare of the averageSEC CIKReport
    1 Vanguard Group Inc Big Three 541% 102909
    2 Primecap Management Co/Ca/ Asset manager 520% 763212
    3 BlackRock Inc. Big Three 518% 1364742
    4 State Street Corp Big Three 58% 93751
    5 Price T Rowe Associates Inc /MD/ Asset manager 53% 80255
    6 FMR Llc*Fil LTD Asset manager 52% 315066
    7 Geode Capital Management, LLC Asset manager 51% 1214717
    8 Dimensional Fund Advisors LP Asset manager 50.7% 354204
    9 U S Global Investors Inc Asset manager 40.7% 754811
    10 Par Capital Management Inc Asset manager 40.5% 1051359
    11 Northern Trust Corp Asset manager 50.4% 73124
    12 Morgan Stanley Asset manager 50.4% 895421
    13 Capital International Inc /Ca/*Capital International Sarl*Capital International LTD /Ca/*Capital Research Global Investors*Capital World Investors*Capital International Investors*Capital Bank & Trust Co Asset manager 40.3% 732812
    14 Bank of New York Mellon Corp Asset manager 50.3% 1629943
    15 UBS Asset Management Americas Inc*Ubs Group AG Asset manager 50.2% 1610520
    16 Invesco LTD. Asset manager 50.2% 914208
    17 Charles Schwab Investment Management Inc Asset manager 50.1% 884546
    18 Newport Trust Co Asset manager 20.1% 1722329
    19 Bank of America Corp /DE/ Asset manager 50.1% 70858
    20 JPMorgan Chase & Co Asset manager 50.1% 19617
    21 Alliancebernstein L.P. Asset manager 50.1% 1109448
    22 Nuveen Asset Management, LLC Asset manager 50.1% 1521019
    23 LSV Asset Management Asset manager 50.1% 1050470
    24 Norges Bank Asset manager 50.1% 1374170
    25 Wells Fargo & Company/Mn Asset manager 50.1% 72971

    The companies, 2020 Q4

    CompanyReported ownersReported ownershipSEC CIKReport
    FedEx Corp SIC 4513 · S&P 500 143579.06%1048911
    Southwest Airlines Co SIC 4512 · S&P 500 97976.60%92380
    Delta Air Lines Inc SIC 4512 · S&P 500 92472.52%27904
    United Airlines Holdings Inc SIC 4512 · S&P 500 · outlier 53863.66%100517
    Alaska Airgroup Inc SIC 4512 · S&P 500 · outlier 49678.60%766421

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