American Century Companies Sells Stake in Alaska Air Group

The investment firm reduced its holdings in the airline by 1.3% in the third quarter.

Published on Mar. 2, 2026

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According to a recent SEC filing, American Century Companies Inc. decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.3% in the third quarter. The institutional investor owned 3,224,616 shares of the transportation company's stock, valued at approximately $160,521,000 as of its most recent SEC filing.

Why it matters

This transaction provides insight into the investment decisions of American Century Companies, a major institutional investor. The reduction in their Alaska Air Group holdings could signal a shift in their outlook on the airline industry or the company specifically.

The details

American Century Companies sold 42,003 shares of Alaska Air Group during the third quarter. This reduced their total stake in the company to approximately 2.80% of the outstanding shares. The filing indicates the investment firm still maintains a sizable position in the airline, suggesting they continue to see value in the company despite the partial divestment.

  • The transaction occurred in the third quarter of the fiscal year.

The players

American Century Companies Inc.

An investment management firm that owns a significant stake in Alaska Air Group.

Alaska Air Group, Inc.

A major U.S. airline company that operates Alaska Airlines and Horizon Air.

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The takeaway

This transaction highlights the ongoing shifts in institutional investment strategies within the airline industry. While American Century Companies remains a major shareholder in Alaska Air Group, their decision to reduce their position suggests they may be reevaluating the company's long-term prospects or seeking to rebalance their portfolio.