Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Alaska Air Group Inc (ALK)

445 + Investors. Track Smart Money conviction in ALK. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -19
Streak
4Q ▼
Buyers last Q
50%

Smart Money Signals — ALK

Based on 448 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their ALK positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 85% of 3.0Y peak

85% of all-time peak
448 funds currently hold this stock — 85% of the 3.0-year high of 526 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
78 fewer hedge funds hold ALK compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

247 buying243 selling
Last quarter: 247 funds bought or added vs 243 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~84 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 52 → 65 → 84 → 84. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 14% medium ■ 18% new
307 out of 448 hedge funds have held ALK for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -3%, value -30%

Value
-29%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

116 → 52 → 65 → 84 → 84 new funds/Q
New funds entering each quarter: 52 → 65 → 84 → 84. A growing number of institutions are discovering ALK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 73% veterans vs 19% newcomers

■ 73% veterans ■ 8% 1-2yr ■ 19% new
Entry-cohort mix of 478 holders: 349 (73%) are 2+ year veterans, 40 entered 1–2 years ago, and 89 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
56 of 442 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in ALK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ALK

In 2026 Q1, 247 hedge funds were net buyers of ALK (84 opened a new position, 163 added to an existing one), while 243 reduced or exited (140 trimmed, 103 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 48% of total institutional value in ALK is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -19 funds (more exits than new entries). Total institutional holders: 448.

Hedge Fund Ownership: ALK

How many hedge funds hold ALK — quarterly history vs. share price
Quarterly hedge fund ownership of ALK vs. share price

Market Analysis: ALK

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ALK

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Alaska Air Group Inc (ALK) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ALK has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
ALK
+33.9%
XLI
+11.0%

ALK outperformed XLI by +22.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
ALK
+33.4%
XLI
+4.8%

Since the filing became public, ALK outperformed XLI by +28.6% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

30 top-rated funds 3 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: ALK
445 + Investors

Track Smart Money conviction in ALK. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 445 467 -4.71%
13F Shares 108M 111M -2.94%
Total Value $3.91B $5.56B -29.72%
New Positions 83 84 -1
Increased Positions 155 140 +15
Closed Positions 105 89 +16
Reduced Positions 133 174 -41
Total Calls 16 15 6.67%
Total Puts 20 16 25.0%
PUT/CALL Ratio 1.25 1.07 Bearish

Statistics: ALK

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

445 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ALK. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ALK holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Semper Augustus Investments Group LLC 7.45% 1,695,062 $62.3M
2 Privium Fund Management (UK) Ltd 6.44% 351,333 $12.7M
3 swisspartners Advisors Ltd 4.45% 193,540 $7.1M
4 Lodge Hill Capital, LLC 3.61% 507,800 $18.7M
5 Black Maple Capital Management LP 3.54% 172,600 $6.3M
6 U S Global Investors Inc 2.56% 596,572 $21.9M
7 Daytona Street Capital LLC 1.99% 67,068 $2.6M
8 Deltec Asset Management LLC 1.82% 269,600 $9.9M
9 First Washington CORP 1.71% 164,218 $6.0M
10 Par Capital Management Inc 1.69% 1,581,500 $58.2M
11 CM Management, LLC 1.54% 50,000 $1.8M
12 Turas Capital Management LP 1.53% 162,900 $6.0M
13 One68 Global Capital, LLC 1.31% 11,000 $405K
14 Frontier Capital Management Co LLC 1.28% 3,373,587 $124.1M
15 Wolf Hill Capital Management, LP 1.21% 339,183 $12.5M
16 Causeway Capital Management LLC 1.13% 2,502,211 $92.0M
17 Crawford Fund Management, LLC 1.00% 141,000 $5.2M
18 Mork Capital Management, LLC 0.85% 32,600 $1.2M
19 Ardsley Advisory Partners LP 0.77% 165,000 $6.1M
20 Private Advisory Group LLC 0.65% 270,007 $9.9M
21 Atom Investors LP 0.60% 229,238 $8.4M
22 Kettle Hill Capital Management, LLC 0.55% 59,553 $2.2M
23 CenterBook Partners LP 0.51% 258,186 $9.5M
24 Fieldview Capital Management, LLC 0.50% 46,880 $1.7M
25 Credit Capital Investments LLC 0.50% 15,000 $552K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Alaska Air Group Inc (ALK)

What does the Smart Money Trend signal show for ALK?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their ALK positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ALK?

Slight buying edge — 50% buying: Last quarter: 247 funds bought or added vs 243 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ALK holders?

Elite ownership — 48% AUM from top-100 funds: 56 of 442 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in ALK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ALK?

69% of holders stayed for 2+ years: 307 out of 448 hedge funds have held ALK for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Alaska Air Group Inc (ALK) following the 2026 Q1 hedge fund 13F filings?

As of today, ALK has moved +33.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of +28.6%. Since the quarter end (March 31, 2026), ALK has gained +33.9% vs +11.0% for XLI. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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