ALASKA AIR GROUP INC

Ticker: ALK CUSIP: 011659109 Class: COM

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

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

Q4 2025

Shares 140,395 Value ($000) $7,062 Avg Close $46.23 Range $37.63 - $53.88

Q3 2025

Shares 107,728 Value ($000) $5,363 Avg Close $55.61 Range $48.81 - $65.88

Q2 2025

Shares 65,451 Value ($000) $3,239 Avg Close $48.58 Range $39.79 - $55.59

Q1 2025

Shares 96,164 Value ($000) $4,733 Avg Close $65.65 Range $47.37 - $78.08

Q4 2024

Shares 205,927 Value ($000) $13,334 Avg Close $52.57 Range $41.72 - $67.73

Q2 2024

Shares 132,294 Value ($000) $5,345 Avg Close $42.43 Range $39.20 - $46.15

Q1 2024

Shares 136,276 Value ($000) $5,859 Avg Close $37.41 Range $33.24 - $43.27

Q4 2023

Shares 49,984 Value ($000) $1,953 Avg Close $35.66 Range $30.75 - $41.22

Q1 2022

Shares 61,000 Value ($000) $3,539 Avg Close $54.53 Range $43.46 - $61.07

Q4 2021

Shares 30,000 Value ($000) $1,563 Avg Close $54.14 Range $46.26 - $63.76

Q3 2021

Shares 55,392 Value ($000) $3,246 Avg Close $57.63 Range $51.75 - $62.85

Q2 2021

Shares 45,392 Value ($000) $2,738 Avg Close $67.48 Range $59.83 - $74.25

Q1 2021

Shares 50,392 Value ($000) $3,488 Avg Close $60.10 Range $48.09 - $73.75

Q4 2020

Shares 40,000 Value ($000) $2,080 Avg Close $44.98 Range $35.06 - $54.96

Q3 2020

Shares 23,900 Value ($000) $875 Avg Close $37.46 Range $33.22 - $43.94

Q2 2020

Shares 36,900 Value ($000) $1,337 Avg Close $32.56 Range $23.39 - $50.81

Q2 2019

Shares 69,300 Value ($000) $4,429 Avg Close $59.66 Range $54.88 - $62.96

Q4 2018

Shares 102,610 Value ($000) $6,244 Avg Close $62.77 Range $55.87 - $72.81

Q3 2018

Shares 20,152 Value ($000) $1,388 Avg Close $62.60 Range $55.86 - $68.52

Q2 2018

Shares 156,974 Value ($000) $9,480 Avg Close $59.49 Range $55.20 - $67.33

Q2 2017

Shares 32,000 Value ($000) $2,872 Avg Close $82.77 Range $77.31 - $88.12

Q1 2017

Shares 10,000 Value ($000) $922 Avg Close $89.03 Range $81.01 - $95.59

Q4 2016

Shares 10,000 Value ($000) $887 Avg Close $73.89 Range $61.40 - $86.33

Q3 2016

Shares 13,505 Value ($000) $889 Avg Close $61.44 Range $52.62 - $67.05

Q2 2014

Shares 10,750 Value ($000) $1,022 Avg Close $43.26 Range $39.84 - $45.93

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	140,395	$7,062	$46.23	$37.63 - $53.88
Q3 2025	107,728	$5,363	$55.61	$48.81 - $65.88
Q2 2025	65,451	$3,239	$48.58	$39.79 - $55.59
Q1 2025	96,164	$4,733	$65.65	$47.37 - $78.08
Q4 2024	205,927	$13,334	$52.57	$41.72 - $67.73
Q2 2024	132,294	$5,345	$42.43	$39.20 - $46.15
Q1 2024	136,276	$5,859	$37.41	$33.24 - $43.27
Q4 2023	49,984	$1,953	$35.66	$30.75 - $41.22
Q1 2022	61,000	$3,539	$54.53	$43.46 - $61.07
Q4 2021	30,000	$1,563	$54.14	$46.26 - $63.76
Q3 2021	55,392	$3,246	$57.63	$51.75 - $62.85
Q2 2021	45,392	$2,738	$67.48	$59.83 - $74.25
Q1 2021	50,392	$3,488	$60.10	$48.09 - $73.75
Q4 2020	40,000	$2,080	$44.98	$35.06 - $54.96
Q3 2020	23,900	$875	$37.46	$33.22 - $43.94
Q2 2020	36,900	$1,337	$32.56	$23.39 - $50.81
Q2 2019	69,300	$4,429	$59.66	$54.88 - $62.96
Q4 2018	102,610	$6,244	$62.77	$55.87 - $72.81
Q3 2018	20,152	$1,388	$62.60	$55.86 - $68.52
Q2 2018	156,974	$9,480	$59.49	$55.20 - $67.33
Q2 2017	32,000	$2,872	$82.77	$77.31 - $88.12
Q1 2017	10,000	$922	$89.03	$81.01 - $95.59
Q4 2016	10,000	$887	$73.89	$61.40 - $86.33
Q3 2016	13,505	$889	$61.44	$52.62 - $67.05
Q2 2014	10,750	$1,022	$43.26	$39.84 - $45.93