Par Capital Management, Alaska Air Group: Par Capital Management, a hedge fund led by Paul Reeder & Edward Shapiro, recently dropped some shares of its holding in Alaska Air Group, Inc. (NYSE:ALK). According to the SEC filing, Par Capital Management now holds around 2.35 million shares of Alaska Air Group, while in the latest 13F, the holding contained around 4.21 million shares. The new stake represents 3.4% of the company. Earlier today, Par Capital Management also disclosed slicing its exposure in Penn National Gaming.
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