Vault-13

BABCOCK & WILCOX ENTERPRISES BW

COM · Common Stock · CUSIP 05614L209

American energy technology company

94 institutional holders +20 vs Q2 2025
72,003,09472.0m shares reported held*
$208.9mreported value*
30 new 23 added 17 reduced 7 sold out net bought ≈ $45.9m (+15.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $2.90. Options: 6 managers hold calls ($1.4m notional), 7 hold puts ($1.1m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 113Q4 22: 110Q1 23: 114Q2 23: 127Q3 23: 139Q4 23: 105Q1 24: 102Q2 24: 117Q3 24: 97Q4 24: 113Q1 25: 94Q2 25: 74Q3 25: 9494Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022113
Q4 2022110
Q1 2023114
Q2 2023127
Q3 2023139
Q4 2023105
Q1 2024102
Q2 2024117
Q3 202497
Q4 2024113
Q1 202594
Q2 202574
Q3 202594

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 23: 62 bought or addedQ4 23: 77 cut or sold outQ1 24: 48 bought or addedQ1 24: 54 cut or sold outQ1 24Q2 24: 60 bought or addedQ2 24: 60 cut or sold outQ3 24: 37 bought or addedQ3 24: 64 cut or sold outQ3 24Q4 24: 59 bought or addedQ4 24: 35 cut or sold outQ1 25: 26 bought or addedQ1 25: 64 cut or sold outQ1 25Q2 25: 24 bought or addedQ2 25: 48 cut or sold outQ3 25: 53 bought or addedQ3 25: 24 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20236277
Q1 20244854
Q2 20246060
Q3 20243764
Q4 20245935
Q1 20252664
Q2 20252448
Q3 20255324

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ4 24 calls: $2.3mQ4 24 puts: $685.1kQ4 24P/C 0.30Q1 25 calls: $722.3kQ1 25 puts: $111.2kQ1 25P/C 0.15Q2 25 calls: $486.7kQ2 25 puts: $299.7kQ2 25P/C 0.62Q3 25 calls: $1.4mQ3 25 puts: $1.1mQ3 25P/C 0.79
Numbers
QuarterCallsPutsP/C
Q4 2024$2.3m$685.1k0.30
Q1 2025$722.3k$111.2k0.15
Q2 2025$486.7k$299.7k0.62
Q3 2025$1.4m$1.1m0.79

Biggest buyers

Legal & General Group Plc New +4,857,215+4.9m
MILLENNIUM MANAGEMENT LLC Added +2,532,081+2.5m
GENDELL JEFFREY L Added +2,177,975+2.2m
MARSHALL WACE, LLP Added +1,970,656+2.0m
Archon Capital Management LLC New +1,855,545+1.9m
VANGUARD GROUP INC Added +1,556,692+1.6m
THAMES CAPITAL MANAGEMENT LLC New +1,390,658+1.4m
JANE STREET GROUP, LLC Added +962,287+962.3k
Verition Fund Management LLC New +880,453+880.5k
AMH Equity Ltd New +704,145+704.1k

Biggest sellers

CastleKnight Management LP Reduced -1,711,600-1.7m
BRIGHTLINE CAPITAL MANAGEMENT, LLC Sold out -1,550,000-1.6m
ACADIAN ASSET MANAGEMENT LLC Sold out -819,808-819.8k
SCOGGIN MANAGEMENT LP Sold out -650,000-650.0k
EQUITEC PROPRIETARY MARKETS, LLC Sold out -325,928-325.9k
UBS Group AG Reduced -318,435-318.4k
Assenagon Asset Management S.A. Reduced -294,765-294.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -174,804-174.8k
Invesco Ltd. Reduced -89,823-89.8k
CoreCap Advisors, LLC Reduced -83,700-83.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $771.1k265.9k shares
UBS Group AG New $201.0k69.3k shares
CITADEL ADVISORS LLC Reduced $196.9k67.9k shares
SIMPLEX TRADING, LLC Reduced $109.0k37.9k shares
WOLVERINE TRADING, LLC New $76.0k23.9k shares
GROUP ONE TRADING LLC Reduced $6.7k2.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $292.3k100.8k shares
SIMPLEX TRADING, LLC Reduced $287.0k99.0k shares
CITADEL ADVISORS LLC Reduced $260.4k89.8k shares
Verition Fund Management LLC New $116.0k40.0k shares
WOLVERINE TRADING, LLC New $43.9k13.8k shares
GROUP ONE TRADING LLC Reduced $40.0k13.8k shares
JANE STREET GROUP, LLC New $38.0k13.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution new · filed 2026-07-29 6.6% new 9.7m≈ $137.5m 2026-07-29
AMERIPRISE FINANCIAL INC 13G · institution new · filed 2026-08-14 5.1% new 7.7m≈ $108.0m 2026-08-14

Fell to 5% or below in the last year: Neuberger Berman Group LLC (4.7%, 2026-03-04)

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q4 23: 6 buyingQ4 23: 0 sellingQ1 24: 4 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 1 sellingQ3 24Q4 24: 0 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 3 buyingQ3 25: 1 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20236$183.5k0——
Q1 20244$62.0k0——
Q2 20240—0——
Q3 20240—1$6.3k—
Q4 20240—1$189.0k—
Q1 20250—0——
Q2 20250—0——
Q3 20253$99.8k1$6.3k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-09-05 Young Kenneth M Chief Executive Officer, director · See Note Bought 9,347 $2.14 $20.0k9.3k shares +4%
2025-08-27 Moeller Philip D Director Bought 10,000 $1.86 $18.6k10.0k shares +5%
2025-08-19 Frymyer Cameron M Chief Financial Officer Bought 20,000 $1.55 $31.0k20.0k shares +15%
2025-08-18 Young Kenneth M Chief Executive Officer, director · See Note Bought 20,000 $1.51 $30.2k20.0k shares +8%
2025-08-07 Dziewisz John J General Counsel & Secretary Sold 2,915 $1.34 $3.9k2.9k shares -1%
2025-07-31 Dziewisz John J General Counsel & Secretary Sold 2,551 $0.93 $2.4k2.6k shares -1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BRC Group Holdings, Inc. 55.92% of their portfolio LOS ANGELES, CA 27,446,52227.4m $79.6m $79.6m 55.92% Unchanged
2 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 6,192,0726.2m $18.1m $18.1m 0.01% Added +3.0k +2,985
3 Legal & General Group Plc 0.00% of their portfolio London, X0 4,857,2154.9m $14.1m $14.1m 0.00% New
4 GENDELL JEFFREY L 0.25% of their portfolio Greenwich, CT 4,752,8234.8m $13.8m $13.8m 0.25% Added +2.2m +2,177,975
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,423,2434.4m $12.8m $12.8m 0.00% Added +1.6m +1,556,692
6 CastleKnight Management LP 0.41% of their portfolio New York, NY 2,621,3132.6m $7.6m $7.6m 0.41% Reduced -1.7m -1,711,600
7 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,546,5002.5m $7.4m $7.4m 0.01% Added +2.5m +2,532,081
8 Vantage Consulting Group Inc 62.48% of their portfolio VIRGINIA BEACH, VA 2,416,2002.4m $7.0m $7.0m 62.48% Unchanged
9 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 2,366,6012.4m $6.9m $6.9m 0.01% Added +2.0m +1,970,656
10 Archon Capital Management LLC 3.20% of their portfolio Seattle, WA 1,855,5451.9m $5.4m $5.4m 3.20% New
11 THAMES CAPITAL MANAGEMENT LLC 0.58% of their portfolio Roseland, NJ 1,390,6581.4m $4.0m $4.0m 0.58% New
12 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,229,1641.2m $3.6m $3.6m 0.00% Added +962.3k +962,287
13 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 880,453880.5k $2.6m $2.6m 0.01% New
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 875,545875.5k $2.5m $2.5m 0.00% Added +60.3k +60,347
15 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 783,682783.7k $2.3m $2.3m 0.00% Added +153.2k +153,166
16 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 772,100772.1k $2.2m $2.2m 0.00% Unchanged
17 AMH Equity Ltd 2.56% of their portfolio Great Neck, NY 704,145704.1k $2.0m $2.0m 2.56% New
18 CITIZENS FINANCIAL GROUP INC/RI 0.02% of their portfolio PROVIDENCE, RI 400,000400.0k $1.2m $1.2m 0.02% New
19 GROUP ONE TRADING LLC 0.03% of their portfolio CHICAGO, IL 397,502397.5k $1.2m $1.2m 0.03% Added +213.1k +213,129
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 340,434340.4k $987.3k $987.3k 0.00% Reduced -174.8k -174,804
21 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 337,277337.3k $978.0k $978.0k 0.02% Added +105.7k +105,733
22 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 328,319328.3k $952.1k $952.1k 0.00% Added +52.3k +52,300
23 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 278,222278.2k $806.8k $806.8k 0.00% Reduced -294.8k -294,765
24 UBS Group AG 0.00% of their portfolio ZURICH, V8 261,325261.3k $757.8k $757.8k 0.00% Reduced -318.4k -318,435
25 Informed Momentum Co LLC 0.08% of their portfolio SOLANA BEACH, CA 231,616231.6k $671.7k $671.7k 0.08% New
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 217,795217.8k $631.6k $631.6k 0.00% New
27 Palumbo Wealth Management LLC 0.20% of their portfolio GREAT NECK, NY 215,563215.6k $625.1k $625.1k 0.20% New
28 IRONWOOD INVESTMENT MANAGEMENT LLC 0.27% of their portfolio BOSTON, MA 211,307211.3k $612.8k $612.8k 0.27% Added +15.3k +15,308
29 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 207,510207.5k $601.8k $601.8k 0.00% Added +157.5k +157,510
30 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 202,746202.7k $588.0k $588.0k 0.00% Unchanged
31 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 191,942191.9k $556.6k $556.6k 0.02% Reduced -83.7k -83,700
32 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 179,741179.7k $521.2k $521.2k 0.00% Added +34.1k +34,059
33 Lombard Odier Asset Management (USA) Corp 0.11% of their portfolio New York, NY 174,250174.2k $505.3k $505.3k 0.11% New
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 165,328165.3k $479.5k $479.5k 0.00% Added +124.3k +124,264
35 Bastion Asset Management Inc. 0.26% of their portfolio Montreal, Z4 150,576150.6k $449.5k $449.5k 0.26% New
36 Covestor Ltd 0.22% of their portfolio LONDON, X0 139,865139.9k $406.0k $406.0k 0.22% New
37 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 121,000121.0k $350.9k $350.9k 0.01% Added +50.0k +50,000
38 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 98,77298.8k $286.4k $286.4k 0.00% Reduced -28.6k -28,610
39 THOMPSON DAVIS & CO., INC. 0.17% of their portfolio RICHMOND, VA 96,55096.5k $280.0k $280.0k 0.17% Added +66.5k +66,550
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 87,92587.9k $255.0k $255.0k 0.00% Reduced -89.8k -89,823
41 Quinn Opportunity Partners LLC 0.02% of their portfolio CHARLOTTESVILLE, VA 80,00080.0k $232.0k $232.0k 0.02% Reduced -10.0k -10,000
42 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 78,59278.6k $227.9k $227.9k 0.01% New
43 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 51,14551.1k $148.3k $148.3k 0.00% Unchanged
44 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 49,70049.7k $144.1k $144.1k 0.00% New
45 SHIKIAR ASSET MANAGEMENT INC 0.03% of their portfolio NEW YORK, NY 47,50047.5k $138.0k $138.0k 0.03% New
46 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 45,54045.5k $132.1k $132.1k 0.00% Added +32.2k +32,241
47 ALGERT GLOBAL LLC 0.00% of their portfolio SAN FRANCISCO, CA 35,33835.3k $102.5k $102.5k 0.00% New
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 35,01635.0k $101.5k $101.5k 0.00% Reduced -2.4k -2,418
49 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,37433.4k $96.8k $96.8k 0.00% Reduced -27.2k -27,187
50 MANNING & NAPIER ADVISORS LLC 0.00% of their portfolio Fairport, NY 30,29130.3k $96.3k $96.3k 0.00% New
51 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 28,49428.5k $82.6k $82.6k 0.00% New
52 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 25,60025.6k $74.2k $74.2k 0.00% New
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 25,49625.5k $73.9k $73.9k 0.00% Added +24.8k +24,808
54 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 24,60024.6k $71.3k $71.3k 0.00% New
55 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 23,95124.0k $69.5k $69.5k 0.00% New
56 Kathmere Capital Management, LLC 0.00% of their portfolio WAYNE, PA 20,00020.0k $58.0k $58.0k 0.00% New
57 Platform Technology Partners 0.01% of their portfolio NEW YORK, NY 18,50018.5k $53.6k $53.6k 0.01% New
58 Sender Co & Partners, Inc. 0.02% of their portfolio NEW YORK, NY 17,27917.3k $50.1k $50.1k 0.02% New
59 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 15,00015.0k $44.0k $44.0k 0.00% Reduced -5.0k -5,000
60 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,98815.0k $43.5k $43.5k 0.00% New
61 Riggs Asset Managment Co. Inc. 0.01% of their portfolio DALLAS, PA 14,28514.3k $41.4k $41.4k 0.01% Unchanged
62 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 14,25014.2k $41.3k $41.3k 0.00% Unchanged
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 14,10314.1k $38.2k $38.2k 0.00% Added +11.5k +11,527
64 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 12,09612.1k $35.1k $35.1k 0.00% Added +12.0k +11,990
65 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 12,00012.0k $34.8k $34.8k 0.00% New
66 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 11,14111.1k $32.3k $32.3k 0.00% Reduced -1.6k -1,580
67 Marotta Asset Management 0.01% of their portfolio CHARLOTTESVILLE, VA 10,86610.9k $29.8k $29.8k 0.01% Unchanged
68 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,86310.9k $31.5k $31.5k 0.00% Reduced -832 -832
69 Centiva Capital, LP 0.00% of their portfolio New York, NY 10,80810.8k $31.3k $31.3k 0.00% New
70 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 10,79510.8k $34.3k $34.3k 0.00% New
71 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,9429.9k $28.0k $28.0k 0.00% Reduced -320 -320
72 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,6915.7k $16.4k $16.4k 0.00% Added +2.6k +2,586
73 State of Wyoming 0.00% of their portfolio CHEYENNE, WY 5,5635.6k $16.1k $16.1k 0.00% Added +1.2k +1,250
74 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 2,7312.7k $7.0k $7.0k 0.00% New
75 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,5262.5k $7.3k $7.3k 0.00% Unchanged
76 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,7441.7k $5.1k $5.1k 0.00% Reduced -2.1k -2,066
77 Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio CINCINNATI, OH 1,0001.0k $2.9k $2.9k 0.00% Unchanged
78 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 650650 $1.9k $1.9k 0.00% Unchanged
79 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 612612 $1.8k $1.8k 0.00% Unchanged
80 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 500500 $1.4k $1.4k 0.00% Unchanged
81 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 486486 $1.4k $1.4k 0.00% Reduced -355 -355
82 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 188188 $545 $545 0.00% Reduced -15.3k -15,306
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 154154 $447 $447 0.00% Unchanged
84 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 150150 $435 $435 0.00% Unchanged
85 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 101101 $293 $293 0.00% Unchanged
86 Fortis Group Advisors, LLC 0.00% of their portfolio WESTWOOD, NJ 3030 $87 $87 0.00% Unchanged
87 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2929 $84 $84 0.00% Unchanged
88 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 1414 $41 $41 0.00% New
89 CWM, LLC 0.00% of their portfolio OMAHA, NE 1010 $0 $0 0.00% Unchanged
90 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 77 $21 $21 0.00% Unchanged
91 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 44 $12 $12 0.00% Unchanged
92 AllSquare Wealth Management LLC 0.00% of their portfolio ALBANY, NY 33 $9 $9 0.00% Unchanged
93 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $3 $3 0.00% Unchanged
94 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 11 $3 $3 0.00% Unchanged