ALASKA AIR GROUP INC

Ticker: ALK CUSIP: 011659109 Class: COM

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q2 2017

Shares 4,090 Value ($000) $367 Avg Close $82.77 Range $77.31 - $88.12

Q1 2017

Shares 3,490 Value ($000) $322 Avg Close $89.03 Range $81.01 - $95.59

Q4 2016

Shares 2,580 Value ($000) $229 Avg Close $73.89 Range $61.40 - $86.33

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	4,090	$367	$82.77	$77.31 - $88.12
Q1 2017	3,490	$322	$89.03	$81.01 - $95.59
Q4 2016	2,580	$229	$73.89	$61.40 - $86.33