Vault-13

BRIDGER AEROSPACE GRP HLDGS BAER

COM · Common Stock · CUSIP 96812F102

65 institutional holders +10 vs Q4 2024
15,210,60015.2m shares reported held*
28.1% of all shares outstanding*
$17.2mreported value*
14 new 18 added 15 reduced 4 sold out net bought ≈ $748.8k (+662.6k 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. Shares outstanding: 54.2m as of 2025-03-10, 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 ≈ $1.13.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q1 23: 9Q2 23: 12Q3 23: 16Q4 23: 13Q1 24: 21Q2 24: 38Q3 24: 47Q4 24: 55Q1 25: 6565Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q1 20239
Q2 202312
Q3 202316
Q4 202313
Q1 202421
Q2 202438
Q3 202447
Q4 202455
Q1 202565

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 6 bought or addedQ2 23: 4 cut or sold outQ3 23: 9 bought or addedQ3 23: 4 cut or sold outQ3 23Q4 23: 6 bought or addedQ4 23: 6 cut or sold outQ1 24: 13 bought or addedQ1 24: 3 cut or sold outQ1 24Q2 24: 30 bought or addedQ2 24: 5 cut or sold outQ3 24: 29 bought or addedQ3 24: 7 cut or sold outQ3 24Q4 24: 32 bought or addedQ4 24: 13 cut or sold outQ1 25: 32 bought or addedQ1 25: 19 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202364
Q3 202394
Q4 202366
Q1 2024133
Q2 2024305
Q3 2024297
Q4 20243213
Q1 20253219

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ2 24 calls: $233.8kQ2 24 puts: $0Q2 24P/C 0.00Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$233.8k$00.00
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—

Biggest buyers

MARSHALL WACE, LLP Added +248,065+248.1k
KIECKHEFER GROUP LLC Added +172,500+172.5k
VANGUARD GROUP INC Added +117,907+117.9k
FIRST MANHATTAN CO. LLC. Added +100,000+100.0k
MILLENNIUM MANAGEMENT LLC Added +68,658+68.7k
Brevan Howard Capital Management LP New +50,000+50.0k
Squarepoint Ops LLC New +39,810+39.8k
TWO SIGMA INVESTMENTS, LP New +37,592+37.6k
Dynamic Technology Lab Private Ltd New +35,881+35.9k
UBS Group AG Added +34,241+34.2k

Biggest sellers

MORGAN STANLEY Reduced -153,469-153.5k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Reduced -98,900-98.9k
Prescott Group Capital Management, L.L.C. Sold out -60,000-60.0k
GOLDMAN SACHS GROUP INC Reduced -48,198-48.2k
JPMORGAN CHASE & CO Reduced -16,612-16.6k
HRT FINANCIAL LP Sold out -11,884-11.9k
NORTHERN TRUST CORP Reduced -11,275-11.3k
CITIGROUP INC Reduced -9,256-9.3k
BlackRock, Inc. Reduced -5,528-5.5k
Apollon Wealth Management, LLC Reduced -5,000-5.0k

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
FIRST MANHATTAN CO. LLC. 13G · institution +3.4 pts · filed 2026-04-08 10.3% +3.4 pts 5.8m≈ $11.1m 2026-04-08

Fell to 5% or below in the last year: LMR Partners LLP (3.8%, 2026-05-15)

Insider purchases and sales in Q1 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
404Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 3 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—3$280.0k—
Q4 20240—0——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Blackstone Inc. 0.05% of their portfolio NEW YORK, NY 9,624,6109.6m $10.9m $10.9m 0.05% Unchanged
2 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 1,479,7051.5m $1.7m $1.7m 0.00% Added +100.0k +100,000
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 776,779776.8k $877.8k $877.8k 0.00% Added +117.9k +117,907
4 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 388,901388.9k $439.6k $439.6k 0.00% Added +19.3k +19,284
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 368,551368.6k $416.5k $416.5k 0.00% Reduced -5.5k -5,528
6 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 283,745283.7k $320.6k $320.6k 0.00% Unchanged
7 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 258,172258.2k $291.7k $291.7k 0.00% Added +248.1k +248,065
8 Peterson Wealth Advisors, LLC 0.05% of their portfolio Orem, UT 233,323233.3k $273.0k $273.0k 0.05% Unchanged
9 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 216,750216.8k $244.9k $244.9k 0.00% Reduced -1 -1
10 Mill Creek Capital Advisors, LLC 0.01% of their portfolio Conshohocken, PA 194,934194.9k $220.3k $220.3k 0.01% Unchanged
11 KIECKHEFER GROUP LLC 0.14% of their portfolio MEQUON, WI 174,500174.5k $197.2k $197.2k 0.14% Added +172.5k +172,500
12 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 133,562133.6k $150.9k $150.9k 0.00% Added +68.7k +68,658
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 106,460106.5k $120.3k $120.3k 0.00% Unchanged
14 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 104,298104.3k $117.9k $117.9k 0.00% Reduced -11.3k -11,275
15 HighMark Wealth Management LLC 0.05% of their portfolio ST. PAUL, MN 80,16280.2k $90.6k $90.6k 0.05% Added +20.0k +20,000
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 72,84472.8k $82.3k $82.3k 0.00% Reduced -48.2k -48,198
17 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 67,51967.5k $76.3k $76.3k 0.00% First filing
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 56,61856.6k $64.0k $64.0k 0.00% Added +34.2k +34,241
19 Brevan Howard Capital Management LP 0.00% of their portfolio ST. HELIER, Y9 50,00050.0k $56.5k $56.5k 0.00% New
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 44,00244.0k $49.7k $49.7k 0.00% Added +14.1k +14,080
21 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 39,81039.8k $45.0k $45.0k 0.00% New
22 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 37,59237.6k $42.5k $42.5k 0.00% New
23 Dynamic Technology Lab Private Ltd 0.01% of their portfolio SINGAPORE, U0 35,88135.9k $41.0k $41.0k 0.01% New
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 33,00133.0k $37.3k $37.3k 0.00% Added +12.5k +12,500
25 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 29,00029.0k $32.8k $32.8k 0.00% Reduced -5.0k -5,000
26 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 25,80025.8k $29.2k $29.2k 0.00% Unchanged
27 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 24,62924.6k $28.0k $28.0k 0.00% New
28 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 20,52920.5k $23.2k $23.2k 0.00% New
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,01819.0k $21.5k $21.5k 0.00% Reduced -16.6k -16,612
30 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 15,40015.4k $17.4k $17.4k 0.00% New
31 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 15,24615.2k $17.2k $17.2k 0.00% Added +7.3k +7,284
32 SCRATCH CAPITAL LLC 0.02% of their portfolio BOISE, ID 13,60713.6k $15.4k $15.4k 0.02% Unchanged
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 13,18013.2k $14.9k $14.9k 0.00% New
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,09313.1k $14.8k $14.8k 0.00% New
35 THOMPSON DAVIS & CO., INC. 0.01% of their portfolio RICHMOND, VA 12,33212.3k $13.9k $13.9k 0.01% New
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,24012.2k $13.8k $13.8k 0.00% Reduced -153.5k -153,469
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,80711.8k $13.3k $13.3k 0.00% Added +1.1k +1,150
38 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 11,73111.7k $13.3k $13.3k 0.00% New
39 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 11,70011.7k $13.2k $13.2k 0.00% Reduced -98.9k -98,900
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 10,91110.9k $12.3k $12.3k 0.00% Reduced -1 -1
41 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,41310.4k $11.8k $11.8k 0.00% Reduced -4.6k -4,556
42 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 10,00010.0k $11.2k $11.2k 0.00% Unchanged
43 First PREMIER Bank 0.00% of their portfolio SIOUX FALLS, SD 10,00010.0k $11.0k $11.0k 0.00% Unchanged
44 U.S. Capital Wealth Advisors, LLC 0.00% of their portfolio AUSTIN, TX 10,00010.0k $11.3k $11.3k 0.00% Unchanged
45 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,6598.7k $9.8k $9.8k 0.00% Added +228 +228
46 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,9657.0k $7.9k $7.9k 0.00% Reduced -9.3k -9,256
47 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 5,6095.6k $6.3k $6.3k 0.00% Added +234 +234
48 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 5,3805.4k $6.1k $6.1k 0.00% Added +401 +401
49 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,1335.1k $5.8k $5.8k 0.00% Reduced -2.5k -2,535
50 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 4,8894.9k $5.5k $5.5k 0.00% Added +21 +21
51 FMR LLC 0.00% of their portfolio BOSTON, MA 4,4894.5k $5.1k $5.1k 0.00% Added +1.1k +1,076
52 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,0002.0k $2.3k $2.3k 0.00% Unchanged
53 Legal & General Group Plc 0.00% of their portfolio London, X0 1,1251.1k $1.3k $1.3k 0.00% Unchanged
54 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 879879 $993 $993 0.00% Unchanged
55 CWM, LLC 0.00% of their portfolio OMAHA, NE 769769 $1.0k $1.0k 0.00% Added +374 +374
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 747747 $0 $0 0.00% Reduced -649 -649
57 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 650650 $735 $735 0.00% Unchanged
58 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 310310 $0 $0 0.00% Unchanged
59 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 200200 $226 $226 0.00% Reduced -49 -49
60 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 158158 $179 $179 0.00% New
61 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 128128 $145 $145 0.00% Reduced -112 -112
62 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 104104 $118 $118 0.00% New
63 Private Wealth Management Group, LLC 0.00% of their portfolio PRINCETON, NJ 3030 $34 $34 0.00% New
64 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 2121 $24 $24 0.00% Unchanged
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged