Alaska Air Group, Inc.
US ˙ NYSE ˙ US0116591092

SecurityALK / Alaska Air Group, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership2,799,367 shares
Latest Disclosed Value $ 102,960,737
Morgan Stanley reports 45.71% increase in ownership of ALK / Alaska Air Group, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,799,367 shares of Alaska Air Group, Inc. (US:ALK) valued at $102,960,718 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,921,213 shares of Alaska Air Group, Inc.. This represents a change in shares of 45.71% during the quarter. The current value of the position is $117,209,496 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F ALASKA AIR GROUP COM 011659109 2,799,367 878,154 45.71 102,961 6.54 0.0062
2026-05-27 2025-12-31 13F/A-1 ALASKA AIR GROUP COM 011659109 1,921,213 280,337 17.08 96,637 18.31 0.0058
2026-02-13 2025-12-31 13F ALASKA AIR GROUP COM 011659109 1,921,213 280,337 96,637 0.0058
2026-05-27 2025-09-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,640,876 -206,222 -11.16 81,683 -10.63 0.0049
2025-11-14 2025-09-30 13F ALASKA AIR GROUP COM 011659109 1,640,876 -206,222 81,683 0.0049
2025-08-15 2025-06-30 13F ALASKA AIR GROUP COM 011659109 1,847,098 42,541 2.36 91,395 2.90 0.0060
2025-05-15 2025-03-31 13F ALASKA AIR GROUP COM 011659109 1,804,557 -241,549 -11.81 88,820 -32.96 0.0064
2025-05-15 2024-12-31 13F/A-1 ALASKA AIR GROUP COM 011659109 2,046,106 52,254 2.62 132,485 46.97 0.0093
2025-02-14 2024-12-31 13F ALASKA AIR GROUP COM 011659109 2,046,106 52,254 132,485 0.0093
2025-05-14 2024-09-30 13F/A-2 ALASKA AIR GROUP COM 011659109 1,993,852 -629,200 -23.99 90,142 -14.94 0.0065
2025-02-14 2024-09-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,993,852 -629,200 90,142 0.0065
2024-11-14 2024-09-30 13F ALASKA AIR GROUP COM 011659109 1,993,852 -629,200 90,142 0.0065
2025-05-14 2024-06-30 13F/A-2 ALASKA AIR GROUP COM 011659109 2,623,052 77,004 3.02 105,971 -3.18 0.0082
2024-10-17 2024-06-30 13F/A-1 ALASKA AIR GROUP COM 011659109 2,623,052 77,004 105,971 0.0082
2024-08-14 2024-06-30 13F ALASKA AIR GROUP COM 011659109 2,623,052 77,004 105,971 0.0082
2024-10-17 2024-03-31 13F/A-2 ALASKA AIR GROUP COM 011659109 2,546,048 -235,099 -8.45 109,455 0.73 0.0088
2024-08-16 2024-03-31 13F/A-1 ALASKA AIR GROUP COM 011659109 2,546,048 -235,099 109,455 0.0088
2024-05-15 2024-03-31 13F ALASKA AIR GROUP COM 011659109 2,546,048 -235,099 109,455 0.0088
2024-08-16 2023-12-31 13F/A-1 ALASKA AIR GROUP COM 011659109 2,781,147 192,161 7.42 108,659 13.19 0.0096
2024-02-13 2023-12-31 13F ALASKA AIR GROUP COM 011659109 2,781,147 192,161 108,659 0.0096
2023-11-15 2023-09-30 13F ALASKA AIR GROUP COM 011659109 2,588,986 -324,990 -11.15 96,000 -38.05 0.0098
2023-08-14 2023-06-30 13F ALASKA AIR GROUP COM 011659109 2,913,976 300,953 11.52 154,965 41.34 0.0153
2023-05-15 2023-03-31 13F ALASKA AIR GROUP COM 011659109 2,613,023 -148,178 -5.37 109,643 -7.53 0.0118
2023-02-14 2022-12-31 13F ALASKA AIR GROUP COM 011659109 2,761,201 49,354 1.82 118,566 11.68 0.0135
2022-11-14 2022-09-30 13F ALASKA AIR GROUP COM 011659109 2,711,847 -112,620 -3.99 106,169 -6.14 0.0145
2022-10-27 2022-06-30 13F/A-1 ALASKA AIR GROUP COM 011659109 2,824,467 1,310,421 86.55 113,120 28.79 0.0147
2022-08-15 2022-06-30 13F ALASKA AIR GROUP COM 011659109 2,824,467 1,310,421 113,120 0.0030
2022-10-27 2022-03-31 13F/A-1 ALASKA AIR GROUP COM 011659109 1,514,046 -270,175 -15.14 87,830 -5.52 0.0118
2022-05-13 2022-03-31 13F ALASKA AIR GROUP COM 011659109 1,514,046 -270,175 87,830 0.0118
2022-02-14 2021-12-31 13F ALASKA AIR GROUP COM 011659109 1,784,221 631,022 54.72 92,957 37.56 0.0115
2021-11-15 2021-09-30 13F ALASKA AIR GROUP COM 011659109 1,153,199 -10,600 -0.91 67,578 -3.72 0.0091
2021-08-23 2021-06-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,163,799 437,564 60.25 70,189 39.64 0.0093
2021-08-16 2021-06-30 13F ALASKA AIR GROUP COM 011659109 1,163,799 437,564 70,189 0.0019
2021-05-17 2021-03-31 13F ALASKA AIR GROUP COM 011659109 726,235 -127,198 -14.90 50,263 13.26 0.0074
2021-02-16 2020-12-31 13F ALASKA AIR GROUP COM 011659109 853,433 63,418 8.03 44,378 53.36 0.0069
2020-11-13 2020-09-30 13F ALASKA AIR GROUP COM 011659109 790,015 233,167 41.87 28,938 43.32 0.0056
2020-08-14 2020-06-30 13F ALASKA AIR GROUP COM 011659109 556,848 -289,550 -34.21 20,191 -16.21 0.0045
2020-05-26 2020-03-31 13F/A-1 ALASKA AIR GROUP COM 011659109 846,398 -556,686 -39.68 24,098 -74.65 0.0065
2020-05-15 2020-03-31 13F ALASKA AIR GROUP COM 011659109 846,398 -556,686 24,098 1,851.2288
2020-02-14 2019-12-31 13F ALASKA AIR GROUP COM 011659109 1,403,084 -220,910 -13.60 95,059 -9.82 0.0221
2019-11-14 2019-09-30 13F ALASKA AIR GROUP COM 011659109 1,623,994 317,430 24.30 105,413 26.24 0.0279
2019-08-14 2019-06-30 13F ALASKA AIR GROUP COM 011659109 1,306,564 39,337 3.10 83,503 17.42 0.0222
2019-05-15 2019-03-31 13F ALASKA AIR GROUP COM 011659109 1,267,227 64,576 5.37 71,116 -2.82 0.0201
2019-02-14 2018-12-31 13F ALASKA AIR GROUP COM 011659109 1,202,651 -126,904 -9.54 73,181 -20.07 0.0219
2019-04-23 2018-09-30 13F/A-2 ALASKA AIR GROUP COM 011659109 1,329,555 25,474 1.95 91,552 16.25 0.0229
2018-11-20 2018-09-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,329,555 0 91,552 0.0229
2018-11-14 2018-09-30 13F ALASKA AIR GROUP COM 011659109 1,329,555 25,474 91,552
2019-04-23 2018-06-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,304,081 -364,517 -21.85 78,754 -23.83 0.0213
2018-08-14 2018-06-30 13F ALASKA AIR GROUP COM 011659109 1,304,081 -364,517 78,754
2019-04-23 2018-03-31 13F/A-1 ALASKA AIR GROUP COM 011659109 1,668,598 736,737 79.06 103,386 50.93 0.0287
2018-05-14 2018-03-31 13F ALASKA AIR GROUP COM 011659109 1,668,598 736,737 103,386
2019-04-23 2017-12-31 13F/A-1 ALASKA AIR GROUP COM 011659109 931,861 -101,190 -9.80 68,500 -13.06 0.0187
2018-02-14 2017-12-31 13F ALASKA AIR GROUP COM 011659109 931,861 -101,190 68,500
2017-11-14 2017-09-30 13F ALASKA AIR GROUP COM 011659109 1,033,051 170,642 19.79 78,790 1.78 0.0236
2017-08-11 2017-06-30 13F ALASKA AIR GROUP COM 011659109 862,409 -250,083 -22.48 77,409 -24.55 0.0234
2017-05-22 2017-03-31 13F/A-1 ALASKA AIR GROUP COM 011659109 1,112,492 48,406 4.55 102,593 8.66 0.0315
2017-05-12 2017-03-31 13F ALASKA AIR GROUP COM 011659109 1,112,492 102,593
2017-02-22 2016-12-31 13F/A-1 ALASKA AIR GROUP COM 011659109 1,064,086 -186,980 -14.95 94,414 14.59 0.0309
2017-02-13 2016-12-31 13F ALASKA AIR GROUP COM 011659109 1,064,086 94,414
2016-11-10 2016-09-30 13F ALASKA AIR GROUP COM 011659109 1,251,066 116,075 10.23 82,396 24.54 0.0281
2016-08-12 2016-06-30 13F ALASKA AIR GROUP COM 011659109 1,134,991 216,667 23.59 66,160 -12.16 0.0239
2016-05-12 2016-03-31 13F ALASKA AIR GROUP COM 011659109 918,324 -208,201 -18.48 75,321 -16.95 0.0290
2016-02-09 2015-12-31 13F ALASKA AIR GROUP COM 011659109 1,126,525 53,871 5.02 90,696 6.42 0.0328
2016-02-08 2015-09-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,072,654 220,049 25.81 85,221 55.14 0.0315
2015-11-09 2015-09-30 13F ALASKA AIR GROUP COM 011659109 1,072,654 85,221
2015-08-12 2015-06-30 13F ALASKA AIR GROUP COM 011659109 852,605 -207,362 -19.56 54,933 -21.69 0.0190
2015-05-14 2015-03-31 13F ALASKA AIR GROUP COM 011659109 1,059,967 91,411 9.44 70,148 21.19 0.0258
2015-02-13 2014-12-31 13F ALASKA AIR GROUP COM 011659109 968,556 -322,580 -24.98 57,882 2.97 0.0212
2014-12-16 2014-09-30 13F/A-1 ALASKA AIR GROUP COM 011659109 1,291,136 776,796 151.03 56,215 14.99 0.0216
2014-11-14 2014-09-30 13F ALASKA AIR GROUP COM 011659109 1,291,136 56,215
2014-08-12 2014-06-30 13F ALASKA AIR GROUP COM 011659109 514,340 94,306 22.45 48,888 24.73 0.0836
2014-05-13 2014-03-31 13F ALASKA AIR GROUP COM 011659109 420,034 -73,279 -14.85 39,194 8.29 0.0164
2014-02-13 2013-12-31 13F ALASKA AIR GROUP COM 011659109 493,313 100,694 25.65 36,195 47.22 0.0154
2013-11-13 2013-09-30 13F ALASKA AIR GROUP INC COM ST COM 011659109 392,619 24,399 6.63 24,586 28.41 0.0116
2013-08-08 2013-06-30 13F ALASKA AIR GROUP INC COM ST COM 011659109 368,220 368,220 19,147 0.0097
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.