Generate Investment Management 13F: Exits Alaska Air (ALK) Stake

Generate Investment Management completely closed out its position in Alaska Air Group, Inc. (NYSE: ALK), selling all 250,000 shares it held. The move was disclosed in a Form 13F filing with the SEC on October 14, 2026. Because 13F filings look backward at holdings from the end of the previous quarter, this report reflects the fund's portfolio at that time and may not represent its current stance today.

Inside Generate Investment Management's Alaska Air Trade

Generate Investment Management sold its entire holding of 250,000 shares, marking a complete exit from the airline stock. The fund held no remaining shares in Alaska Air Group following the transaction, cutting its exposure to zero from a previous stake of 250,000 shares.

Other Institutional Activity in Alaska Air Group

Other major institutional investors adjusted their positions in Alaska Air Group around the same reporting period. Blackrock Inc. reduced its holdings by 133,939 shares, ending with 11,615,069 shares worth about $408,037,386. Dimensional Fund Advisors LP grew its stake by 140,301 shares, finishing with 6,488,763 shares valued at roughly $227,950,251. American Century Companies Inc added 388,662 shares to reach 5,327,194 shares worth approximately $187,144,330. Vanguard Capital Management LLC trimmed its position by 77,275 shares, holding 4,973,407 shares valued at about $174,715,793. Finally, Vanguard Portfolio Management LLC lowered its holdings by 199,135 shares, ending with 4,959,798 shares worth roughly $174,237,709.

Alaska Air Group, Inc. Stock Down 2.0%

Alaska Air Group shares recently traded around $35.03. The stock sits below its 50-day moving average of $41.51 and well below its 52-week high of $60.63, though it remains above its 52-week low of $33.03. Analysts hold a consensus strong buy rating on the company with a mean price target of $55.25.

Recent Earnings

Alaska Air Group reported trailing twelve-month revenue of $14.76 billion alongside a negative earnings per share of $1.59. The company posted a net profit margin of -1.2% and a return on equity of -4.6%, while year-over-year revenue grew by 9.7%. The airline's next quarterly earnings report is scheduled for October 20, 2026.

Insider Buying and Selling at Alaska Air Group, Inc.

Company insiders made several stock transactions ahead of the filing. On February 18, 2026, officer Andrew R. Harrison sold 5,500 shares at an average price of $56.63 for a total of $311,487. Chief Financial Officer Shane R. Tackett sold 24,000 shares on the same day at $57.15 per share, totaling $1,371,533. Later, on August 3, 2026, Andrew R. Harrison sold another 5,300 shares at $49.67 for a value of $263,256. Chief Executive Officer Benito Minicucci bought 25,000 shares on August 20, 2026, at an average price of $40.06, totaling $1,001,510.

Analysts Set New Price Targets

Wall Street analysts have updated their views on Alaska Air Group in recent weeks. On September 11, 2026, Barclays maintained its Overweight rating while lowering its price target to $52.00 from $65.00. UBS maintained a Buy rating on September 22, 2026, lifting its target from $52.00 to $54.00. BMO Capital kept an Outperform rating on September 28, 2026, adjusting its target down to $50.00 from $62.50. TD Cowen maintained a Buy rating on October 2, 2026, trimming its target to $44.00 from $46.00. Susquehanna maintained a Positive rating on October 7, 2026, lowering its target to $50.00 from $55.00.

About Alaska Air Group

Headquartered in Seattle, Washington, Alaska Air Group operates major passenger and cargo airlines through subsidiaries including Alaska Airlines and Hawaiian Airlines. The carrier connects travelers across the United States, Canada, Mexico, Central America, and parts of the Pacific. Institutional adjustments like Generate's complete exit arrive as the airline navigates broader cost pressures and prepares for its upcoming financial results.

Bottom Line

Investors are watching for Alaska Air Group's upcoming earnings report on October 20, 2026, to gauge the airline's financial recovery. Because 13F filings are historical snapshots, they reveal past portfolio adjustments rather than live trading activity. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.