Alaska Air Group

ALK • NYSE

Alaska Air Group is a airlines, airports & air services company in the industrials sector on NYSE, led by Ben Minicucci, with a market cap of $6.0B. As of Q3 2025, 89% of shares are held by 466 institutional investors, with FMR LLC as the largest holder at 9.88%.

President and Chief Executive OfficerBen Minicucci

Market Cap$6.0B

Airlines, Airports & Air Services

Industrials

Employees23.0K

Websitealaskaair.com

Country

United States of America

Overview

Overview of institutional ownership in ALK as of Q3 2025 with a market cap of $5.7B

All Institutions

Institutions: 466
Value Held: $5.1B
Shares Held: 102.6M
Avg Position: $11.0M
Median Position: $532.2K

Hedge Funds

Hedge Funds: 51
Value Held: $787.2M
Shares Held: 15.8M
Avg Position: $15.4M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

75.22%

$4.3B

Hedge Funds

13.71%

$787.2M

Retail & Other

11.07%

$635.2M

Based on market cap of $5.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ALK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$567.1M 0.03% of portfolio	9.88% 11.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$545.0M 0.01% of portfolio	9.50% 10.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$512.1M 0.01% of portfolio	8.92% 10.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$312.3M 0.07% of portfolio	5.44% 6.3M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	Theofanis A Kolokotrones Chairman	$172.2M 0.13% of portfolio	3.00% 3.5M shares	≤ Q2 2013 Held for 12y 5m+	$128.84B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$171.3M 0.01% of portfolio	2.98% 3.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$161.3M 0.13% of portfolio	2.81% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$122.08B
A AMERICAN CENTURY COMPANIES INC Institution	-	$160.5M 0.08% of portfolio	2.80% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$195.93B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$124.7M 0.02% of portfolio	2.17% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$118.2M 0.04% of portfolio	2.06% 2.4M shares	Q3 2013 Held for 12y 2m	$322.72B

Net Capital Flow

Institutional buying and selling activity for ALK in Q3 2025

Traded: +$122.1M
Buyers: 211
Sellers: 239
Total Bought: +$945.6M
Total Sold: −$823.5M
Avg Position: $9.6M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$293.9M +5.9M shares	$567.1M 11.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$136.4M +2.7M shares	$161.3M 3.2M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$51.1M +1.0M shares	$54.4M 1.1M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$48.6M +976.0K shares	$48.6M 976.0K shares
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	+$38.8M +779.7K shares	$89.1M 1.8M shares
UBS Group AG Institution	+$23.4M +470.1K shares	$86.7M 1.7M shares
Invesco Ltd. ETF Provider	+$23.0M +462.8K shares	$40.8M 820.3K shares
Marshall Wace LLP Institution	+$21.0M +421.0K shares	$21.0M 421.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$18.8M +377.2K shares	$59.4M 1.2M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$18.3M +368.5K shares	$118.2M 2.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$130.5M −2.6M shares	$512.1M 10.3M shares
Q Qube Research & Technologies Ltd Institution	−$64.0M −1.3M shares	$66.0M 1.3M shares
HENNESSY ADVISORS INC Institution	−$51.7M −1.0M shares	Sold Off 0 shares
ARGA Investment Management, LP Long Only Manager	−$42.2M −848.0K shares	$12.5M 251.2K shares
VANGUARD GROUP INC Institution	−$40.2M −808.2K shares	$545.0M 10.9M shares
D D. E. Shaw & Co., Inc. Institution	−$40.2M −808.1K shares	$7.6M 152.4K shares
D D1 Capital Partners L.P. Hedge Fund•Long/Short	−$40.1M −804.6K shares	$116.4M 2.3M shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$32.7M −660.5K shares	Sold Off 0 shares
A Assenagon Asset Management S.A. Institution	−$30.9M −624.0K shares	Sold Off 0 shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$24.2M −485.5K shares	$48.3M 970.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ALK in Q3 2025

New Positions: 17
New Value: $3.3M
Exited Positions: 64
Exited Value: $222.9M

New Positions

Institution	Position Value
C CM Management, LLC Institution	$1.2M 25.0K shares
U UNIVERSITY OF TEXAS INVESTMENT MANAGMENT CO Institution	$552.6K 11.1K shares
Arista Wealth Management, LLC RIA/Wealth	$417.4K 8.4K shares
Cheviot Value Management, LLC RIA/Wealth	$404.2K 9.4K shares
H HB Wealth Management, LLC Institution	$248.8K 5.0K shares
Pacific Asset Management, LLC RIA/Wealth	$201.6K 4.1K shares
Westfuller Advisors, LLC RIA/Wealth	$129.0K 2.6K shares
Halbert, Hargrove/Russell LLC RIA/Wealth	$62.5K 1.3K shares
FOSTER DYKEMA CABOT & PARTNERS, LLC RIA/Wealth	$28.4K 570.0 shares
R Root Financial Partners, LLC RIA/Wealth	$14.6K 293.0 shares

Exited Positions

Institution	Previous Position
HENNESSY ADVISORS INC Institution	$51.7M 1.0M shares
S Squarepoint Ops LLC Hedge Fund•Quant	$32.7M 660.5K shares
A Assenagon Asset Management S.A. Institution	$30.9M 624.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$20.8M 419.6K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$15.2M 306.4K shares
Q Quantedge Capital Pte Ltd Institution	$6.1M 122.4K shares
B BI Asset Management Fondsmaeglerselskab A/S Institution	$5.6M 113.4K shares
C CLEARFIELD CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	$5.4M 108.9K shares
Davidson Kempner Capital Management LP Hedge Fund•Multi-Strategy	$4.9M 100.0K shares
I ING GROEP NV Institution	$4.4M 88.8K shares

Options Activity

Institutions with the largest Call and Put options positions in ALK as of Q3 2025

Call Positions: 19
Call Value: $301.7M
Put Positions: 18
Put Value: $119.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$94.3M 18.9K contracts
Candlestick Capital Management LP Hedge Fund•Long/Short	$75.5M 15.2K contracts
N NOMURA HOLDINGS INC Institution	$48.5M 9.8K contracts
J JANE STREET GROUP, LLC Institution	$24.6M 4.9K contracts
UBS Group AG Institution	$15.7M 3.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.2M 2.4K contracts
BARCLAYS PLC Institution	$7.6M 1.5K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$7.2M 1.5K contracts
W WOLVERINE TRADING, LLC Institution	$4.7M 926.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$3.0M 610.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$36.4M 7.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.0M 3.0K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$10.6M 2.1K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$9.1M 1.8K contracts
J JANE STREET GROUP, LLC Institution	$8.6M 1.7K contracts
BANK OF AMERICA CORP /DE/ Institution	$8.6M 1.7K contracts
BARCLAYS PLC Institution	$7.5M 1.5K contracts
W WOLVERINE TRADING, LLC Institution	$6.5M 1.3K contracts
Crawford Fund Management, LLC Hedge Fund•Long/Short	$3.9M 780.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.3M 657.0 contracts

Most Committed Institutions

Institutions with ALK as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
swisspartners Advisors Ltd RIA/Wealth	Dominique Joerg Spillmann CEO	6.99% $8.5M	0.15% 170.5K shares	Q1 2020 Held for 5y 8m	$121.7M
L Lodge Hill Capital, LLC Hedge Fund•Long/Short	Clinton Robert Murray Managing Partner	6.38% $35.7M	0.62% 717.8K shares	Q1 2025 Held for 8 months	$559.8M
SEMPER AUGUSTUS INVESTMENTS GROUP LLC Family Office	Patrick Olivier Guest CEO	2.35% $18.8M	0.33% 378.6K shares	Q1 2020 Held for 5y 8m	$800.5M
F First Washington CORP RIA/Wealth	David Dixon Lewis Chairman	2.21% $8.3M	0.14% 165.9K shares	Q1 2022 Held for 3y 8m	$373.0M
U U S GLOBAL INVESTORS INC Institution	Frank Edward Holmes CEO	2.09% $18.5M	0.32% 371.4K shares	Q4 2014 Held for 10y 11m	$883.9M
L Lesa Sroufe & Co RIA/Wealth	Lesa Anne Sroufe President	1.80% $1.8M	0.03% 36.6K shares	Q1 2025 Held for 8 months	$100.9M
TOWLE & CO Long Only Manager	Christopher Daly Towle CEO	1.76% $7.0M	0.12% 140.0K shares	Q4 2023 Held for 1y 11m	$396.4M
P PAR CAPITAL MANAGEMENT INC Hedge Fund•Long/Short	William David Moeykens President	1.64% $55.7M	0.97% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$3.4B
D D1 Capital Partners L.P. Hedge Fund•Long/Short	Jeremy Louis Katz President	1.28% $116.4M	2.03% 2.3M shares	Q1 2025 Held for 8 months	$9.1B
tru Independence LLC RIA/Wealth	David Vaughan CFO	1.26% $4.9M	0.08% 97.7K shares	Q3 2023 Held for 2y 2m	$385.0M