ALASKA AIR GROUP INC

Ticker: ALK CUSIP: 011659109 Class: COM

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2025

Shares 27,533 Value ($000) $1,385 Avg Close $46.23 Range $37.63 - $53.88

Q3 2025

Shares 4,301 Value ($000) $214 Avg Close $55.61 Range $48.81 - $65.88

Q2 2025

Shares 27,207 Value ($000) $1,346 Avg Close $48.58 Range $39.79 - $55.59

Q1 2025

Shares 43,593 Value ($000) $2,146 Avg Close $65.65 Range $47.37 - $78.08

Q4 2023

Shares 63,290 Value ($000) $2,473 Avg Close $35.66 Range $30.75 - $41.22

Q3 2023

Shares 58,050 Value ($000) $2,152 Avg Close $45.29 Range $36.15 - $57.18

Q2 2023

Shares 71,527 Value ($000) $3,804 Avg Close $45.46 Range $41.25 - $53.40

Q4 2013

Shares 4,800 Value ($000) $352 Avg Close $32.10 Range $27.18 - $35.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,533	$1,385	$46.23	$37.63 - $53.88
Q3 2025	4,301	$214	$55.61	$48.81 - $65.88
Q2 2025	27,207	$1,346	$48.58	$39.79 - $55.59
Q1 2025	43,593	$2,146	$65.65	$47.37 - $78.08
Q4 2023	63,290	$2,473	$35.66	$30.75 - $41.22
Q3 2023	58,050	$2,152	$45.29	$36.15 - $57.18
Q2 2023	71,527	$3,804	$45.46	$41.25 - $53.40
Q4 2013	4,800	$352	$32.10	$27.18 - $35.52