Vault-13

BRIDGER AEROSPACE GRP HLDGS BAER

COM · Common Stock · CUSIP 96812F102

56 institutional holders -9 vs Q1 2025
17,316,14717.3m shares reported held*
31.2% of all shares outstanding*
$33.4mreported value*
7 new 18 added 19 reduced 17 sold out net bought ≈ $4.1m (+2.1m 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: 55.5m as of 2025-08-04, 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 ≈ $1.93.

Trends to Q2 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: 65Q2 25: 5656Q1 23Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 20239
Q2 202312
Q3 202316
Q4 202313
Q1 202421
Q2 202438
Q3 202447
Q4 202455
Q1 202565
Q2 202556

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 9 bought or addedQ3 23: 4 cut or sold outQ4 23: 6 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 3 cut or sold outQ2 24: 30 bought or addedQ2 24: 5 cut or sold outQ2 24Q3 24: 29 bought or addedQ3 24: 7 cut or sold outQ4 24: 32 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 19 cut or sold outQ2 25: 25 bought or addedQ2 25: 36 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202394
Q4 202366
Q1 2024133
Q2 2024305
Q3 2024297
Q4 20243213
Q1 20253219
Q2 20252536

Biggest buyers

FIRST MANHATTAN CO. LLC. Added +1,031,275+1.0m
MORGAN STANLEY Added +682,568+682.6k
FLPUTNAM INVESTMENT MANAGEMENT CO New +657,702+657.7k
UBS Group AG Added +156,411+156.4k
Squarepoint Ops LLC Added +97,278+97.3k
GOLDMAN SACHS GROUP INC Added +70,565+70.6k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +65,000+65.0k
CITADEL ADVISORS LLC New +54,736+54.7k
AQR CAPITAL MANAGEMENT LLC New +39,832+39.8k
JANE STREET GROUP, LLC New +38,000+38.0k

Biggest sellers

GEODE CAPITAL MANAGEMENT, LLC Reduced -145,413-145.4k
BlackRock, Inc. Reduced -142,678-142.7k
MARSHALL WACE, LLP Reduced -80,949-80.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -66,206-66.2k
Brevan Howard Capital Management LP Sold out -50,000-50.0k
NORTHERN TRUST CORP Reduced -47,466-47.5k
Dynamic Technology Lab Private Ltd Sold out -35,881-35.9k
STATE STREET CORP Reduced -29,780-29.8k
TWO SIGMA INVESTMENTS, LP Reduced -27,278-27.3k
VANGUARD GROUP INC Reduced -26,646-26.6k

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 Q2 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
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 3 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—3$280.0k—
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Blackstone Inc. 0.08% of their portfolio NEW YORK, NY 9,624,6109.6m $18.6m $18.6m 0.08% Unchanged
2 FIRST MANHATTAN CO. LLC. 0.01% of their portfolio NEW YORK, NY 2,510,9802.5m $4.8m $4.8m 0.01% Added +1.0m +1,031,275
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 750,133750.1k $1.4m $1.4m 0.00% Reduced -26.6k -26,646
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 694,808694.8k $1.3m $1.3m 0.00% Added +682.6k +682,568
5 FLPUTNAM INVESTMENT MANAGEMENT CO 0.02% of their portfolio PORTLAND, ME 657,702657.7k $1.3m $1.3m 0.02% New
6 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 283,745283.7k $547.6k $547.6k 0.00% Unchanged
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 243,488243.5k $470.2k $470.2k 0.00% Reduced -145.4k -145,413
8 Peterson Wealth Advisors, LLC 0.07% of their portfolio Orem, UT 233,323233.3k $450.3k $450.3k 0.07% Unchanged
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 225,873225.9k $435.9k $435.9k 0.00% Reduced -142.7k -142,678
10 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 216,628216.6k $418.1k $418.1k 0.00% Reduced -122 -122
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 213,029213.0k $411.1k $411.1k 0.00% Added +156.4k +156,411
12 Mill Creek Capital Advisors, LLC 0.01% of their portfolio Conshohocken, PA 194,934194.9k $376.2k $376.2k 0.01% Unchanged
13 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 177,223177.2k $342.0k $342.0k 0.00% Reduced -80.9k -80,949
14 KIECKHEFER GROUP LLC 0.18% of their portfolio MEQUON, WI 174,500174.5k $336.8k $336.8k 0.18% Unchanged
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 143,409143.4k $276.8k $276.8k 0.00% Added +70.6k +70,565
16 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 137,088137.1k $264.6k $264.6k 0.00% Added +97.3k +97,278
17 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 121,943121.9k $235.3k $235.3k 0.00% Reduced -11.6k -11,619
18 HighMark Wealth Management LLC 0.10% of their portfolio ST. PAUL, MN 110,162110.2k $212.6k $212.6k 0.10% Added +30.0k +30,000
19 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 76,70076.7k $148.0k $148.0k 0.00% Added +65.0k +65,000
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 76,68076.7k $148.0k $148.0k 0.00% Reduced -29.8k -29,780
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 56,83256.8k $109.7k $109.7k 0.00% Reduced -47.5k -47,466
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 54,73654.7k $105.6k $105.6k 0.00% New
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 42,84342.8k $82.7k $82.7k 0.00% Reduced -1.2k -1,159
24 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 39,83239.8k $76.9k $76.9k 0.00% New
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 38,00038.0k $73.3k $73.3k 0.00% New
26 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 29,00029.0k $56.0k $56.0k 0.00% Unchanged
27 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 24,03724.0k $46.4k $46.4k 0.00% Added +3.5k +3,508
28 FMR LLC 0.00% of their portfolio BOSTON, MA 16,99217.0k $32.8k $32.8k 0.00% Added +12.5k +12,503
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,68014.7k $28.3k $28.3k 0.00% Added +1.5k +1,500
30 Virtu Financial LLC 0.00% of their portfolio New York, NY 13,78513.8k $27.0k $27.0k 0.00% New
31 SCRATCH CAPITAL LLC 0.02% of their portfolio BOISE, ID 13,60713.6k $26.3k $26.3k 0.02% Unchanged
32 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 13,25613.3k $25.6k $25.6k 0.00% New
33 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 12,50012.5k $24.1k $24.1k 0.00% Reduced -20.5k -20,501
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,39711.4k $22.0k $22.0k 0.00% Added +4.4k +4,432
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 10,98211.0k $21.2k $21.2k 0.00% Reduced -825 -825
36 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 10,31410.3k $19.9k $19.9k 0.00% Reduced -27.3k -27,278
37 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 10,00010.0k $19.3k $19.3k 0.00% Unchanged
38 First PREMIER Bank 0.00% of their portfolio SIOUX FALLS, SD 10,00010.0k $19.0k $19.0k 0.00% Unchanged
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,3685.4k $10.4k $10.4k 0.00% Reduced -3.3k -3,291
40 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4,9865.0k $9.6k $9.6k 0.00% Reduced -394 -394
41 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,6093.6k $7.0k $7.0k 0.00% Added +2.8k +2,840
42 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 3,4293.4k $6.6k $6.6k 0.00% Added +3.4k +3,408
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,8462.8k $6.0k $6.0k 0.00% Added +2.1k +2,099
44 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,0092.0k $3.9k $3.9k 0.00% Added +9 +9
45 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,3131.3k $2.5k $2.5k 0.00% Reduced -66.2k -66,206
46 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 821821 $1.6k $1.6k 0.00% New
47 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 522522 $1.0k $1.0k 0.00% Added +322 +322
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 468468 $903 $903 0.00% Reduced -11.3k -11,263
49 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 452452 $872 $872 0.00% Added +348 +348
50 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 254254 $490 $490 0.00% Reduced -4.9k -4,879
51 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 169169 $327 $327 0.00% Added +11 +11
52 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 110110 $212 $212 0.00% First filing
53 Private Wealth Management Group, LLC 0.00% of their portfolio PRINCETON, NJ 3030 $58 $58 0.00% Unchanged
54 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 99 $17 $17 0.00% Reduced -19.0k -19,009
55 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 11 $2 $2 0.00% Reduced -10.4k -10,412
56 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged