Corvex Management LP Reduces Stake in Southwest Gas Holdings (SWX) Below 5% Threshold

Corvex Management LP, led by Keith Meister, filed an amendment to its Schedule 13D regarding Southwest Gas Holdings, Inc. (SWX) on May 8, 2026. The filing indicates that the reporting persons have reduced their position in the company, resulting in their beneficial ownership falling below the 5% threshold. Specifically, Corvex sold 700,000 shares on May 6, 2026, at a price of $90.34 per share, following a series of smaller weighted-average price sales in March 2026. Following these transactions, the reporting persons beneficially own 3,618,161 shares, representing approximately 4.99% of the issuer's outstanding common stock. The reporting persons used the working capital of Corvex Funds to purchase the shares initially, with a total purchase price for the currently held shares of approximately $218.3 million. By falling below the 5% ownership mark as of May 6, 2026, the reporting persons have ceased to be beneficial owners of more than 5% of the issuer's shares.