Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Alaska Air Group Inc (ALK)

480 + 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
↑ +40
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — ALK

Based on 491 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ALK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
491 funds currently hold this stock — 93% 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding ALK is almost the same as a year ago (+15 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

269 buying230 selling
Last quarter: 269 funds bought or added vs 230 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.
📈

More new buyers each quarter (+28 vs last Q)

new funds entering per quarter
Funds opening a new ALK position: 65 → 85 → 85 → 113. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 14% medium ■ 18% new
334 out of 491 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.
💰

Value +43% but shares only +3% — price-driven

Value
+42%
Shares
+2%
Last quarter: the total dollar value of institutional holdings rose +43%, but actual share count only changed +3%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

53 → 65 → 85 → 85 → 113 new funds/Q
New funds entering each quarter: 65 → 85 → 85 → 113. A growing number of institutions are discovering ALK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 74% veterans vs 18% newcomers

■ 74% veterans ■ 8% 1-2yr ■ 18% new
Entry-cohort mix of 522 holders: 385 (74%) are 2+ year veterans, 44 entered 1–2 years ago, and 93 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
60 of 485 holders are among the 100 largest funds by AUM, controlling 61% 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.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 Q2, 269 hedge funds were net buyers of ALK (113 opened a new position, 156 added to an existing one), while 230 reduced or exited (157 trimmed, 73 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 61% of total institutional value in ALK is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +40 funds (more new holders than closures). Total institutional holders: 491.

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 Q2 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 June 30, 2026 · 88d ago
ALK
-21.6%
XLI
-8.2%

ALK outperformed XLI by -13.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 43d ago
ALK
-10.9%
XLI
-8.8%

Since the filing became public, ALK outperformed XLI by -2.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 4 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: ALK
480 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 480 451 6.43%
13F Shares 109M 109M 0.57%
Total Value $5.58B $3.94B 41.77%
New Positions 111 85 +26
Increased Positions 148 157 -9
Closed Positions 76 102 -26
Reduced Positions 150 134 +16
Total Calls 19 16 18.75%
Total Puts 18 20 -10.0%
PUT/CALL Ratio 0.95 1.25 Neutral

Statistics: ALK

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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Forward P/E --
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 Q2)

480 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Privium Fund Management (UK) Ltd 11.31% 523,685 $27.2M
2 Semper Augustus Investments Group LLC 10.58% 1,793,627 $93.6M
3 swisspartners Advisors Ltd 7.08% 201,470 $10.5M
4 Black Maple Capital Management LP 3.94% 133,000 $6.9M
5 Daytona Street Capital LLC 3.28% 90,740 $4.5M
6 Wolf Hill Capital Management, LP 3.22% 737,700 $38.5M
7 U S Global Investors Inc 3.21% 639,713 $33.4M
8 Wolf Hill Capital Management, LP 3.18% 728,446 $38.0M
9 Heights Point Management, LP 2.82% 67,800 $3.5M
10 Lodge Hill Capital, LLC 2.33% 266,300 $13.9M
11 Deltec Asset Management LLC 2.28% 295,610 $15.4M
12 Owl Creek Asset Management, L.P. 2.08% 482,112 $25.2M
13 Par Capital Management Inc 2.04% 1,579,636 $82.5M
14 First Washington CORP 2.03% 162,534 $8.5M
15 Causeway Capital Management LLC 1.80% 3,183,163 $166.2M
16 Frontier Capital Management Co LLC 1.65% 3,384,643 $176.7M
17 Mork Capital Management, LLC 1.42% 42,600 $2.2M
18 Simcoe Capital LLC 1.12% 35,185 $1.8M
19 Compound Global Advisors, LLC 0.97% 750 $39K
20 Marble Bar Asset Management LLP 0.93% 25,800 $1.3M
21 Levin Capital Strategies, L.P. 0.82% 233,654 $12.2M
22 Ardsley Advisory Partners LP 0.82% 150,000 $7.8M
23 Crawford Fund Management, LLC 0.79% 99,000 $5.2M
24 Hara Capital LLC 0.68% 24,665 $1.3M
25 Barnett & Company, Inc. 0.61% 15,792 $824K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added ALK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ALK?

Slight buying edge — 54% buying: Last quarter: 269 funds bought or added vs 230 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 — 61% AUM from top-100 funds: 60 of 485 holders are among the 100 largest funds by AUM, controlling 61% 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?

68% of holders stayed for 2+ years: 334 out of 491 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 Q2 hedge fund 13F filings?

As of today, ALK has moved -10.9% since the 2026 Q2 13F filing date (August 14, 2026), compared to -8.8% for the XLI sector ETF — an outperformance of -2.1%. Since the quarter end (June 30, 2026), ALK has gained -21.6% vs -8.2% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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