BRIDGER AEROSPACE GRP HLDGS BAER
COM · Common Stock · CUSIP 96812F102
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersBelgrade, MT
- 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. Holder counts are more reliable. Shares outstanding: 55.5m as of 2025-11-03, 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 ≈ $1.85.
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2023 | 9 |
| Q2 2023 | 12 |
| Q3 2023 | 16 |
| Q4 2023 | 13 |
| Q1 2024 | 21 |
| Q2 2024 | 38 |
| Q3 2024 | 47 |
| Q4 2024 | 55 |
| Q1 2025 | 65 |
| Q2 2025 | 56 |
| Q3 2025 | 54 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 6 | 6 |
| Q1 2024 | 13 | 3 |
| Q2 2024 | 30 | 5 |
| Q3 2024 | 29 | 7 |
| Q4 2024 | 32 | 13 |
| Q1 2025 | 32 | 19 |
| Q2 2025 | 25 | 36 |
| Q3 2025 | 23 | 26 |
Biggest buyers
| FIRST MANHATTAN CO. LLC. | Added | +1.3m |
| KIECKHEFER GROUP LLC | Added | +110.0k |
| GOLDMAN SACHS GROUP INC | Added | +77.8k |
| VANGUARD GROUP INC | Added | +59.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +35.2k |
| Centiva Capital, LP | New | +28.7k |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC | New | +12.5k |
| TWO SIGMA SECURITIES, LLC | New | +12.3k |
| NORTHERN TRUST CORP | Added | +11.2k |
| WELLS FARGO & COMPANY/MN | Added | +10.1k |
Biggest sellers
| UBS Group AG | Reduced | -154.9k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -62.7k |
| CITADEL ADVISORS LLC | Sold out | -54.7k |
| AQR CAPITAL MANAGEMENT LLC | Sold out | -39.8k |
| JANE STREET GROUP, LLC | Sold out | -38.0k |
| MARSHALL WACE, LLP | Reduced | -24.0k |
| LPL Financial LLC | Reduced | -23.1k |
| Virtu Financial LLC | Sold out | -13.8k |
| CAPTRUST FINANCIAL ADVISORS | Reduced | -13.3k |
| XTX Topco Ltd | Sold out | -13.3k |
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 |
|---|---|
| FIRST MANHATTAN CO. LLC. 13G · institution +3.4 pts · filed 2026-04-08 | 10.3% |
Fell to 5% or below in the last year: LMR Partners LLP (3.8%, 2026-05-15)
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 3 | $280.0k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Blackstone Inc. 0.08% of their portfolio | 9.6m $17.8m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.02% of their portfolio | 3.8m $7.1m | Added +1.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 809.6k $1.5m | Added +59.5k |
| MORGAN STANLEY 0.00% of their portfolio | 687.5k $1.3m | Reduced -7.3k |
| FLPUTNAM INVESTMENT MANAGEMENT CO 0.02% of their portfolio | 657.7k $1.2m | Unchanged |
| KIECKHEFER GROUP LLC 0.25% of their portfolio | 284.5k $526.3k | Added +110.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 283.7k $524.9k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 278.6k $515.7k | Added +35.2k |
| Peterson Wealth Advisors, LLC 0.06% of their portfolio | 233.3k $401.3k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 231.5k $428.3k | Added +5.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 221.3k $409.3k | Added +77.8k |
| Cerity Partners LLC 0.00% of their portfolio | 215.6k $398.8k | Reduced -1.1k |
| Mill Creek Capital Advisors, LLC 0.01% of their portfolio | 194.9k $360.6k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 153.2k $283.4k | Reduced -24.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 139.2k $257.6k | Added +2.2k |
| HighMark Wealth Management LLC 0.09% of their portfolio | 110.2k $203.8k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 76.7k $141.9k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 76.7k $141.9k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 68.0k $125.8k | Added +11.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 59.2k $109.6k | Reduced -62.7k |
| UBS Group AG 0.00% of their portfolio | 58.2k $107.6k | Reduced -154.9k |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 39.0k $72.2k | Added +10.0k |
| Centiva Capital, LP 0.00% of their portfolio | 28.7k $53.0k | New |
| LPL Financial LLC 0.00% of their portfolio | 19.7k $36.5k | Reduced -23.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 17.7k $32.7k | Added +3.0k |
| FMR LLC 0.00% of their portfolio | 16.9k $31.2k | Reduced -111 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 15.5k $28.7k | Added +10.1k |
| SCRATCH CAPITAL LLC 0.02% of their portfolio | 13.6k $25.2k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 13.5k $26.7k | Added +2.5k |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.00% of their portfolio | 12.5k $23.2k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 12.5k $23.1k | Unchanged |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 12.3k $22.7k | New |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 10.8k $19.9k | Reduced -13.3k |
| First PREMIER Bank 0.00% of their portfolio | 10.0k $19.0k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 8.1k $14.9k | New |
| Coston, McIsaac & Partners 0.00% of their portfolio | 6.3k $11.0k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 5.7k $10.6k | Added +5.5k |
| Point72 Asia (Singapore) Pte. Ltd. 0.00% of their portfolio | 3.9k $7.3k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 2.0k $3.7k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 2.0k $3.7k | Reduced -2 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 1.9k $3.4k | Reduced -1.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 998 $1.8k | Added +989 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 522 $966 | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 493 $1.0k | Reduced -2.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 468 $866 | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 392 $725 | Reduced -921 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 309 $572 | Reduced -143 |
| CWM, LLC 0.00% of their portfolio | 232 $0 | Reduced -3.4k |
| Point72 (DIFC) Ltd 0.00% of their portfolio | 170 $315 | New |
| Arax Advisory Partners 0.00% of their portfolio | 144 $266 | New |
| True Wealth Design, LLC 0.00% of their portfolio | 34 $63 | Reduced -135 |
| Private Wealth Management Group, LLC 0.00% of their portfolio | 30 $56 | Unchanged |
| Essential Partners LLC 0.00% of their portfolio | 13 $24 | Reduced -97 |
| BARCLAYS PLC 0.00% of their portfolio | 1 $2 | Unchanged |