BRIDGEWATER BANCSHARES INC BWB
COM · Common Stock · CUSIP 108621103
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersSt. Louis Park, MN
- FilingsSEC EDGAR
* 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 ($2.3m this quarter). Holder counts are more reliable. Shares outstanding: 27.9m as of 2026-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $20.80.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 93 |
| Q4 2022 | 98 |
| Q1 2023 | 102 |
| Q2 2023 | 95 |
| Q3 2023 | 88 |
| Q4 2023 | 106 |
| Q1 2024 | 98 |
| Q2 2024 | 91 |
| Q3 2024 | 108 |
| Q4 2024 | 114 |
| Q1 2025 | 115 |
| Q2 2025 | 125 |
| Q3 2025 | 128 |
| Q4 2025 | 139 |
| Q1 2026 | 141 |
| Q2 2026 | 150 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 55 | 29 |
| Q4 2024 | 55 | 34 |
| Q1 2025 | 34 | 54 |
| Q2 2025 | 64 | 43 |
| Q3 2025 | 67 | 38 |
| Q4 2025 | 66 | 52 |
| Q1 2026 | 56 | 62 |
| Q2 2026 | 81 | 50 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.8k | $0 | 0.00 |
| Q4 2025 | $15.8k | $1.8k | 0.11 |
| Q1 2026 | $0 | $69.0k | — |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| BlackRock, Inc. | Added | +180.1k |
| ALGERT GLOBAL LLC | New | +169.8k |
| TWO SIGMA INVESTMENTS, LP | Added | +134.8k |
| AMERICAN CENTURY COMPANIES INC | Added | +90.5k |
| Trexquant Investment LP | Added | +73.7k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +71.6k |
| AQR CAPITAL MANAGEMENT LLC | Added | +68.0k |
| PANAGORA ASSET MANAGEMENT INC | Added | +63.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +61.3k |
| MILLENNIUM MANAGEMENT LLC | New | +53.7k |
Biggest sellers
| Rhino Investment Partners, Inc | Sold out | -430.5k |
| Thrivent Financial for Lutherans | Reduced | -49.1k |
| GSA CAPITAL PARTNERS LLP | Sold out | -42.8k |
| Hodges Capital Management Inc. | Reduced | -40.5k |
| Legacies Wealth LLC | Sold out | -25.0k |
| TECTONIC ADVISORS LLC | Reduced | -24.8k |
| Cresset Asset Management, LLC | Sold out | -20.3k |
| MORGAN STANLEY | Reduced | -19.5k |
| EJF Capital LP | Reduced | -17.0k |
| NEXT CENTURY GROWTH INVESTORS LLC | Reduced | -15.2k |
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.
| Holder | Stake |
|---|---|
| THRIVENT FINANCIAL FOR LUTHERANS 13G · institution -1.3 pts · filed 2025-08-15 | 8.7% |
| Juran David B. 13G · exempt (held before listing) -0.1 pts · filed 2026-02-11 | 5.7% |
| Baack Jerry J. 13G · exempt (held before listing) -0.3 pts · filed 2026-02-11 | 5.1% |
Insider purchases and sales since 1 Apr 2026
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $6.9k | 6 | $834.4k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $3.6k | 3 | $245.7k | — |
| Q3 2025 | 1 | $3.9k | 5 | $1.5m | — |
| Q4 2025 | 1 | $523.5k | 6 | $2.3m | — |
| Q1 2026 | 0 | — | 3 | $532.3k | — |
| Q2 2026 | 1 | $4.1k | 5 | $1.2m | — |
| Q3 2026 | 0 | — | 6 | $6.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-15 | Stejskal Jessica Anne Chief Experience Officer | Sold | $8.5k400 shares |
| 2026-09-09 | Parish Douglas J. Director · By Trust | Sold | $85.5k4.0k shares |
| 2026-09-02 | Juran David B. Director · By Trust | Sold | $13.4k623 shares |
| 2026-08-28 | Juran David B. Director · By Trust | Sold | $11.1k518 shares |
| 2026-08-25 | Juran David B. Director · By Trust | Sold | $20.2k940 shares |
| 2026-08-24 | Juran David B. Director · By Trust | Sold | $543.5k25.0k shares |
| 2026-08-21 | Juran David B. Director · By Trust | Sold | $323.9k15.0k shares |
| 2026-08-17 | Baack Jerry J. CEO, director | Sold | $224.8k10.0k shares |
| 2026-08-14 | Baack Jerry J. CEO, director | Sold | $333.1k15.0k shares |
| 2026-08-13 | Baack Jerry J. CEO, director | Sold | $220.3k10.0k shares |
| 2026-08-06 | Shellberg Jeffrey D. Director | Sold | $850.4k40.0k shares |
| 2026-08-05 | Shellberg Jeffrey D. Director | Sold | $3.4m160.0k shares |
| 2026-08-04 | Crocker Mary Jayne Director | Sold | $231.4k11.0k shares |
| 2026-07-30 | Crocker Mary Jayne Director | Sold | $23311 shares |
| 2026-07-29 | Baack Jerry J. CEO, director | Sold | $237.0k11.3k shares |
| 2026-07-27 | Baack Jerry J. CEO, director | Sold | $330.7k15.9k shares |
| 2026-06-05 | Chybowski Joseph M. PRESIDENT & CFO | Sold | $132.7k7.0k shares |
| 2026-06-05 | Place Nicholas L. CHIEF BANKING OFFICER | Sold | $90.4k4.7k shares |
| 2026-05-21 | Shellberg Jeffrey D. Director · By Trust | Sold | $371.0k20.0k shares |
| 2026-05-21 | Crocker Mary Jayne Director | Sold | $120.7k6.5k shares |
| 2026-05-11 | Crocker Mary Jayne Director · By Spouse IRA · Depositary Shares | Bought | $4.1k205 shares |
| 2026-05-08 | Salazar Lisa M CHIEF OPERATING OFFICER | Sold | $77.2k4.2k shares |
| 2026-05-07 | Shellberg Jeffrey D. Director · By Trust | Sold | $150.8k8.2k shares |
| 2026-05-06 | Shellberg Jeffrey D. Director · By Trust | Sold | $170.7k9.3k shares |
| 2026-05-01 | Shellberg Jeffrey D. Director · By Trust | Sold | $1.1k62 shares |
| 2026-04-29 | Shellberg Jeffrey D. Director · By Trust | Sold | $46.5k2.5k shares |
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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Thrivent Financial for Lutherans 0.08% of their portfolio | 2.2m $46.4m | Reduced -49.1k |
| BlackRock, Inc. 0.00% of their portfolio | 1.8m $37.1m | Added +180.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.3m $23.7m | Added +27.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.1m $23.1m | Added +41.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 941.5k $19.8m | Added +22.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 708.4k $14.9m | Added +90.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 557.4k $11.7m | Added +61.3k |
| STATE STREET CORP 0.00% of their portfolio | 468.5k $9.9m | Added +14.0k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.45% of their portfolio | 434.7k $9.1m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 385.9k $8.1m | Added +71.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 361.0k $7.6m | Reduced -7.2k |
| Tradition Wealth Management, LLC 0.45% of their portfolio | 349.5k $7.4m | Reduced -2.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 348.0k $7.3m | Unchanged |
| NEXT CENTURY GROWTH INVESTORS LLC 0.36% of their portfolio | 318.4k $6.7m | Reduced -15.2k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 308.5k $6.5m | Added +134.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 282.6k $5.9m | Reduced -4.3k |
| Ancora Advisors LLC 0.10% of their portfolio | 238.6k $5.0m | Added +2.3k |
| Hillsdale Investment Management Inc. 0.11% of their portfolio | 234.1k $4.9m | Added +22.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 232.0k $4.9m | Added +25.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 230.3k $4.8m | Added +1.6k |
| Hodges Capital Management Inc. 0.27% of their portfolio | 193.4k $4.1m | Reduced -40.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 186.2k $3.9m | Added +15.6k |
| CSM Advisors, LLC 0.08% of their portfolio | 180.4k $3.8m | Reduced -200 |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 179.8k $3.8m | Added +23.6k |
| MORGAN STANLEY 0.00% of their portfolio | 178.9k $3.8m | Reduced -19.5k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 169.8k $3.6m | New |
| MALTESE CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 169.2k $3.6m | Added +2.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 169.0k $3.6m | Reduced -11.0k |
| EJF Capital LP 2.32% of their portfolio | 164.8k $3.5m | Reduced -17.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 158.3k $3.3m | Added +7.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 156.6k $3.3m | Added +7.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 148.9k $3.1m | Added +7.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 142.3k $3.0m | Added +68.0k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 135.9k $2.9m | Added +63.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 135.1k $2.8m | Reduced -7.1k |
| Villanova Investment Management Co LLC 2.59% of their portfolio | 129.8k $2.7m | Unchanged |
| Curi Capital, LLC 0.04% of their portfolio | 127.4k $2.7m | Added +7.4k |
| MENDON CAPITAL ADVISORS CORP 0.95% of their portfolio | 127.2k $2.7m | Added +7.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 106.5k $2.2m | Added +12.6k |
| Trexquant Investment LP 0.01% of their portfolio | 103.7k $2.2m | Added +73.7k |
| Empowered Funds, LLC 0.01% of their portfolio | 99.1k $2.1m | Added +7.0k |
| Gator Capital Management, LLC 0.44% of their portfolio | 97.1k $2.0m | Added +2.4k |
| Sippican Capital Advisors 1.24% of their portfolio | 96.7k $2.0m | Unchanged |
| BANC FUNDS CO LLC 0.34% of their portfolio | 96.5k $2.0m | Reduced -5.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 95.2k $2.0m | Added +25.2k |
| Rosenthal | Henry Capital Advisors, Inc. 1.67% of their portfolio | 90.6k $1.9m | Unchanged |
| Bleakley Financial Group, LLC 0.02% of their portfolio | 85.5k $1.8m | Reduced -1.2k |
| Daytona Street Capital LLC 1.33% of their portfolio | 84.9k $1.8m | Reduced -1.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 83.2k $1.8m | Added +3.4k |
| Elgethun Capital Management 0.23% of their portfolio | 77.3k $1.6m | Reduced -1.9k |
| TECTONIC ADVISORS LLC 0.08% of their portfolio | 75.1k $1.6m | Reduced -24.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 63.2k $1.3m | Added +6.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 60.9k $1.3m | Added +6.0k |
| Pacific Ridge Capital Partners, LLC 0.23% of their portfolio | 59.0k $1.2m | Reduced -13.0k |
| Quantinno Capital Management LP 0.00% of their portfolio | 56.8k $1.2m | Added +9.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 53.7k $1.1m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 52.1k $1.1m | Added +1.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 48.9k $1.0m | Added +28.1k |
| Nuveen, LLC 0.00% of their portfolio | 48.7k $1.0m | Added +3.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 45.7k $961.0k | Added +4.1k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 44.4k $933.4k | Reduced -7.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 37.1k $781.2k | Added +1.9k |
| STRS OHIO 0.00% of their portfolio | 34.2k $719.6k | Added +2.5k |
| Inspire Investing, LLC 0.03% of their portfolio | 32.3k $680.3k | Added +3.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 28.9k $608.9k | Added +11.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 28.2k $593.4k | Added +1.9k |
| AE Wealth Management LLC 0.00% of their portfolio | 27.2k $572.8k | Added +2.2k |
| Invesco Ltd. 0.00% of their portfolio | 24.5k $516.4k | Reduced -5.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 22.9k $481.8k | Unchanged |
| Prosperity Consulting Group, LLC 0.02% of their portfolio | 22.3k $468.7k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 21.3k $447.4k | Added +13.7k |
| Vident Advisory, LLC 0.00% of their portfolio | 21.1k $443.5k | Reduced -598 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 20.8k $437.2k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 20.1k $422.7k | Reduced -671 |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 19.4k $407.2k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 18.6k $390.4k | Added +8.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 17.9k $378.0k | Added +3.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 17.7k $372.2k | Reduced -11.5k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 17.5k $369.1k | Added +5.2k |
| LPL Financial LLC 0.00% of their portfolio | 16.0k $337.1k | Added +1.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 15.6k $328.9k | Reduced -3.9k |
| CITIGROUP INC 0.00% of their portfolio | 15.2k $319.2k | Added +12.0k |
| BALLAST ADVISORS LLC 0.07% of their portfolio | 14.6k $307.2k | Unchanged |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio | 14.6k $306.9k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 14.5k $304.9k | Reduced -349 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.4k $287.5k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 12.8k $270.2k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 12.3k $258.7k | Reduced -4.9k |
| XTX Topco Ltd 0.00% of their portfolio | 11.5k $241.0k | New |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 11.4k $239.9k | Reduced -1.5k |
| NORTHLAND SECURITIES, INC. 0.14% of their portfolio | 11.1k $232.6k | Reduced -4.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 10.9k $228.5k | Reduced -7.0k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 10.8k $227.3k | New |
| Jump Financial, LLC 0.00% of their portfolio | 10.6k $223.6k | New |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 10.2k $214.1k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 9.9k $208.7k | Reduced -9 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 9.3k $195.8k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 9.1k $190.9k | Added +4.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 6.4k $136.0k | Added +1.3k |
| UBS Group AG 0.00% of their portfolio | 6.1k $128.4k | Reduced -2.2k |