ALASKA AIR GROUP INC

Ticker: ALK CUSIP: 011659109 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 27,400 Value ($000) $1,378 Avg Close $46.23 Range $37.63 - $53.88

Q3 2025

Shares 27,500 Value ($000) $1,369 Avg Close $55.61 Range $48.81 - $65.88

Q2 2025

Shares 29,200 Value ($000) $1,445 Avg Close $48.58 Range $39.79 - $55.59

Q1 2025

Shares 29,500 Value ($000) $1,452 Avg Close $65.65 Range $47.37 - $78.08

Q3 2023

Shares 34,862 Value ($000) $1,293 Avg Close $45.29 Range $36.15 - $57.18

Q2 2023

Shares 35,062 Value ($000) $1,865 Avg Close $45.46 Range $41.25 - $53.40

Q1 2023

Shares 35,062 Value ($000) $1,471 Avg Close $46.91 Range $37.20 - $53.96

Q4 2022

Shares 34,462 Value ($000) $1,480 Avg Close $44.06 Range $38.72 - $47.99

Q3 2022

Shares 34,262 Value ($000) $1,341 Avg Close $43.92 Range $38.44 - $48.76

Q2 2022

Shares 33,862 Value ($000) $1,356 Avg Close $48.82 Range $38.19 - $61.55

Q1 2022

Shares 31,762 Value ($000) $1,843 Avg Close $54.53 Range $43.46 - $61.07

Q4 2021

Shares 31,531 Value ($000) $1,643 Avg Close $54.14 Range $46.26 - $63.76

Q3 2021

Shares 31,431 Value ($000) $1,842 Avg Close $57.63 Range $51.75 - $62.85

Q2 2021

Shares 31,331 Value ($000) $1,890 Avg Close $67.48 Range $59.83 - $74.25

Q1 2021

Shares 31,131 Value ($000) $2,155 Avg Close $60.10 Range $48.09 - $73.75

Q4 2020

Shares 31,131 Value ($000) $1,619 Avg Close $44.98 Range $35.06 - $54.96

Q3 2020

Shares 31,331 Value ($000) $1,148 Avg Close $37.46 Range $33.22 - $43.94

Q2 2020

Shares 31,331 Value ($000) $1,136 Avg Close $32.56 Range $23.39 - $50.81

Q1 2020

Shares 28,196 Value ($000) $803 Avg Close $54.20 Range $20.02 - $68.40

Q4 2019

Shares 29,796 Value ($000) $2,019 Avg Close $67.73 Range $60.50 - $71.46

Q3 2019

Shares 29,596 Value ($000) $1,921 Avg Close $62.15 Range $56.52 - $65.82

Q2 2019

Shares 29,596 Value ($000) $1,891 Avg Close $59.66 Range $54.88 - $62.96

Q1 2019

Shares 35,496 Value ($000) $1,992 Avg Close $59.56 Range $52.22 - $65.81

Q4 2018

Shares 35,296 Value ($000) $2,148 Avg Close $62.77 Range $55.87 - $72.81

Q3 2018

Shares 36,696 Value ($000) $2,527 Avg Close $62.60 Range $55.86 - $68.52

Q2 2018

Shares 36,496 Value ($000) $2,204 Avg Close $59.49 Range $55.20 - $67.33

Q1 2018

Shares 36,196 Value ($000) $2,243 Avg Close $63.43 Range $56.51 - $71.97

Q4 2017

Shares 36,096 Value ($000) $2,653 Avg Close $67.65 Range $58.01 - $78.50

Q3 2017

Shares 37,496 Value ($000) $2,860 Avg Close $77.46 Range $67.57 - $90.57

Q2 2017

Shares 40,596 Value ($000) $3,644 Avg Close $82.77 Range $77.31 - $88.12

Q1 2017

Shares 40,596 Value ($000) $3,744 Avg Close $89.03 Range $81.01 - $95.59

Q4 2016

Shares 40,296 Value ($000) $3,575 Avg Close $73.89 Range $61.40 - $86.33

Q3 2016

Shares 43,000 Value ($000) $2,832 Avg Close $61.44 Range $52.62 - $67.05

Q2 2016

Shares 42,800 Value ($000) $2,495 Avg Close $64.23 Range $50.81 - $77.28

Q1 2016

Shares 49,740 Value ($000) $4,080 Avg Close $68.47 Range $56.94 - $77.12

Q4 2015

Shares 49,840 Value ($000) $4,013 Avg Close $73.15 Range $67.22 - $80.60

Q3 2015

Shares 58,040 Value ($000) $4,611 Avg Close $70.36 Range $54.34 - $76.34

Q2 2015

Shares 59,040 Value ($000) $3,804 Avg Close $59.18 Range $53.49 - $62.99

Q1 2015

Shares 59,540 Value ($000) $3,940 Avg Close $59.43 Range $52.76 - $65.28

Q4 2014

Shares 62,640 Value ($000) $3,743 Avg Close $48.12 Range $37.12 - $55.72

Q3 2014

Shares 64,040 Value ($000) $2,788 Avg Close $42.26 Range $38.06 - $45.61

Q2 2014

Shares 32,420 Value ($000) $3,082 Avg Close $43.26 Range $39.84 - $45.93

Q1 2014

Shares 32,320 Value ($000) $3,016 Avg Close $37.56 Range $32.81 - $42.62

Q4 2013

Shares 32,520 Value ($000) $2,386 Avg Close $32.10 Range $27.18 - $35.52

Q3 2013

Shares 32,520 Value ($000) $2,036 Avg Close $26.91 Range $23.00 - $29.20

Q2 2013

Shares 32,320 Value ($000) $1,681 Avg Close $26.50 Range $22.62 - $30.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,400	$1,378	$46.23	$37.63 - $53.88
Q3 2025	27,500	$1,369	$55.61	$48.81 - $65.88
Q2 2025	29,200	$1,445	$48.58	$39.79 - $55.59
Q1 2025	29,500	$1,452	$65.65	$47.37 - $78.08
Q3 2023	34,862	$1,293	$45.29	$36.15 - $57.18
Q2 2023	35,062	$1,865	$45.46	$41.25 - $53.40
Q1 2023	35,062	$1,471	$46.91	$37.20 - $53.96
Q4 2022	34,462	$1,480	$44.06	$38.72 - $47.99
Q3 2022	34,262	$1,341	$43.92	$38.44 - $48.76
Q2 2022	33,862	$1,356	$48.82	$38.19 - $61.55
Q1 2022	31,762	$1,843	$54.53	$43.46 - $61.07
Q4 2021	31,531	$1,643	$54.14	$46.26 - $63.76
Q3 2021	31,431	$1,842	$57.63	$51.75 - $62.85
Q2 2021	31,331	$1,890	$67.48	$59.83 - $74.25
Q1 2021	31,131	$2,155	$60.10	$48.09 - $73.75
Q4 2020	31,131	$1,619	$44.98	$35.06 - $54.96
Q3 2020	31,331	$1,148	$37.46	$33.22 - $43.94
Q2 2020	31,331	$1,136	$32.56	$23.39 - $50.81
Q1 2020	28,196	$803	$54.20	$20.02 - $68.40
Q4 2019	29,796	$2,019	$67.73	$60.50 - $71.46
Q3 2019	29,596	$1,921	$62.15	$56.52 - $65.82
Q2 2019	29,596	$1,891	$59.66	$54.88 - $62.96
Q1 2019	35,496	$1,992	$59.56	$52.22 - $65.81
Q4 2018	35,296	$2,148	$62.77	$55.87 - $72.81
Q3 2018	36,696	$2,527	$62.60	$55.86 - $68.52
Q2 2018	36,496	$2,204	$59.49	$55.20 - $67.33
Q1 2018	36,196	$2,243	$63.43	$56.51 - $71.97
Q4 2017	36,096	$2,653	$67.65	$58.01 - $78.50
Q3 2017	37,496	$2,860	$77.46	$67.57 - $90.57
Q2 2017	40,596	$3,644	$82.77	$77.31 - $88.12
Q1 2017	40,596	$3,744	$89.03	$81.01 - $95.59
Q4 2016	40,296	$3,575	$73.89	$61.40 - $86.33
Q3 2016	43,000	$2,832	$61.44	$52.62 - $67.05
Q2 2016	42,800	$2,495	$64.23	$50.81 - $77.28
Q1 2016	49,740	$4,080	$68.47	$56.94 - $77.12
Q4 2015	49,840	$4,013	$73.15	$67.22 - $80.60
Q3 2015	58,040	$4,611	$70.36	$54.34 - $76.34
Q2 2015	59,040	$3,804	$59.18	$53.49 - $62.99
Q1 2015	59,540	$3,940	$59.43	$52.76 - $65.28
Q4 2014	62,640	$3,743	$48.12	$37.12 - $55.72
Q3 2014	64,040	$2,788	$42.26	$38.06 - $45.61
Q2 2014	32,420	$3,082	$43.26	$39.84 - $45.93
Q1 2014	32,320	$3,016	$37.56	$32.81 - $42.62
Q4 2013	32,520	$2,386	$32.10	$27.18 - $35.52
Q3 2013	32,520	$2,036	$26.91	$23.00 - $29.20
Q2 2013	32,320	$1,681	$26.50	$22.62 - $30.57