White Brook Capital Sold Alaska Air (ALK) in the Q1 of 2021, Here’s Why
White Brook Capital, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 25.42% was delivered by the fund for the Q1 of 2021, ahead of its S&P 500 and S&P Midcap 400 benchmarks that delivered a 6.2% and 13.47% returns respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
White Brook Capital, in their Q1 2021 investor letter, mentioned Alaska Air Group, Inc. (NYSE: ALK), and shared their insights on the company. Alaska Air Group, Inc. is a SeaTac, Washington-based airline company that currently has an $8.5 billion market capitalization. Since the beginning of the year, ALK delivered a 32.85% return, extending its 12-month gains to 103.18%. As of April 27, 2021, the stock closed at $69.08 per share.