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: 58.8m as of 2026-08-03, 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 ≈ $1.92.
Trends to Q2 2026
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 |
| Q4 2025 | 57 |
| Q1 2026 | 72 |
| Q2 2026 | 60 |
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 | 29 | 7 |
| Q4 2024 | 32 | 13 |
| Q1 2025 | 32 | 19 |
| Q2 2025 | 25 | 36 |
| Q3 2025 | 23 | 26 |
| Q4 2025 | 23 | 20 |
| Q1 2026 | 42 | 21 |
| Q2 2026 | 24 | 37 |
Biggest buyers
| Cerity Partners LLC | Added | +2.2m |
| Pathstone Holdings, LLC | New | +296.2k |
| FIRST MANHATTAN CO. LLC. | Added | +256.9k |
| HighMark Wealth Management LLC | Added | +90.0k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +60.3k |
| BlackRock, Inc. | Added | +52.5k |
| Ruggaard & Associates LLC | New | +30.0k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | New | +28.6k |
| Corient Private Wealth LP | New | +27.8k |
| VANGUARD FIDUCIARY TRUST CO | Added | +27.4k |
Biggest sellers
| Enclave Advisors LLC | Sold out | -304.5k |
| JANE STREET GROUP, LLC | Sold out | -261.9k |
| Walleye Capital LLC | Sold out | -216.3k |
| MARSHALL WACE, LLP | Reduced | -153.2k |
| BANK OF AMERICA CORP /DE/ | Sold out | -104.6k |
| ALGERT GLOBAL LLC | Sold out | -75.0k |
| OMERS ADMINISTRATION Corp | Sold out | -75.0k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -62.5k |
| STIFEL FINANCIAL CORP | Reduced | -42.1k |
| KIECKHEFER GROUP LLC | Reduced | -40.0k |
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.
| 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 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 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $540.0k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $573.0k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-01 | KELTER JEFFREY E Director · By K5 Equity Capital Holdings, LLC | Bought | $110.0k100.0k shares |
| 2026-09-01 | KELTER JEFFREY E Director · By Windy Point Investments LLC | Bought | $109.0k100.0k shares |
| 2026-08-20 | KELTER JEFFREY E Director | Bought | $116.0k100.0k shares |
| 2026-08-20 | KELTER JEFFREY E Director | Bought | $58.0k50.0k shares |
| 2026-08-19 | KELTER JEFFREY E Director · By K5 Equity Capital Holdings, LLC | Bought | $60.0k50.0k shares |
| 2026-08-19 | KELTER JEFFREY E Director | Bought | $60.0k50.0k shares |
| 2026-08-19 | KELTER JEFFREY E Director · By Windy Point Investments LLC | Bought | $60.0k50.0k shares |
| 2026-08-11 | SCHWARZMAN STEPHEN A +8 10% owner · See Footnotes | Sold | $2.9m2.8m shares |
| 2026-08-11 | BLACKSTONE SECURITIES PARTNERS L.P. +7 10% owner · See Footnotes | Sold | $2.9m2.8m shares |
| 2026-08-04 | BLACKSTONE SECURITIES PARTNERS L.P. +7 10% owner · See Footnotes | Sold | $3.2m1.9m shares |
| 2026-08-04 | SCHWARZMAN STEPHEN A +8 10% owner · See Footnotes | Sold | $3.2m1.9m 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 |
|---|---|---|
| Blackstone Inc. 0.06% of their portfolio | 9.6m $18.5m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 6.0m $11.6m | Added +256.9k |
| Cerity Partners LLC 0.01% of their portfolio | 2.4m $4.7m | Added +2.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.2m $2.3m | Added +60.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 868.4k $1.7m | Reduced -153.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 326.3k $626.8k | Reduced -5.1k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 296.2k $568.7k | New |
| BlackRock, Inc. 0.00% of their portfolio | 291.5k $559.6k | Added +52.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 255.6k $490.7k | Unchanged |
| Peterson Wealth Advisors, LLC 0.05% of their portfolio | 233.3k $448.0k | Unchanged |
| HighMark Wealth Management LLC 0.12% of their portfolio | 220.2k $365.1k | Added +90.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 182.0k $349.4k | Added +27.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 175.2k $336.5k | Reduced -1.7k |
| KIECKHEFER GROUP LLC 0.13% of their portfolio | 168.4k $323.3k | Reduced -40.0k |
| STATE STREET CORP 0.00% of their portfolio | 101.3k $194.5k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 87.7k $168.4k | Added +11.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 59.1k $113.5k | Reduced -9.2k |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 39.0k $74.9k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 36.4k $69.9k | Reduced -16.3k |
| Ruggaard & Associates LLC 0.02% of their portfolio | 30.0k $57.5k | New |
| UBS Group AG 0.00% of their portfolio | 29.2k $56.1k | Reduced -30.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 28.6k $55.4k | New |
| Centiva Capital, LP 0.00% of their portfolio | 27.8k $53.5k | Reduced -28.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 27.8k $53.3k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 25.9k $49.8k | New |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 25.8k $49.4k | Added +3.5k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 25.0k $43.3k | Added +18.0k |
| Private Advisor Group, LLC 0.00% of their portfolio | 25.0k $48.0k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 24.9k $47.9k | Added +1.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 22.6k $43.5k | Reduced -62.5k |
| Coston, McIsaac & Partners 0.01% of their portfolio | 16.8k $32.0k | Added +7.2k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 16.3k $31.3k | Reduced -25.2k |
| FMR LLC 0.00% of their portfolio | 16.0k $30.7k | Reduced -875 |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.00% of their portfolio | 15.5k $29.8k | Unchanged |
| Vise Technologies, Inc. 0.00% of their portfolio | 14.5k $27.9k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 13.8k $26.5k | Reduced -42.1k |
| SCRATCH CAPITAL LLC 0.01% of their portfolio | 13.6k $26.1k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 13.5k $25.9k | Added +1.0k |
| HB Wealth Management, LLC 0.00% of their portfolio | 13.1k $25.2k | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 12.5k $24.0k | Unchanged |
| First PREMIER Bank 0.00% of their portfolio | 10.0k $19.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 10.0k $19.2k | Reduced -982 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 4.3k $8.3k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 4.0k $7.7k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 2.5k $4.8k | Added +34 |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 2.1k $4.0k | Reduced -2.7k |
| IFP Advisors, Inc 0.00% of their portfolio | 2.0k $3.8k | Unchanged |
| Burk Holdings LLC 0.00% of their portfolio | 2.0k $3.8k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 1.9k $3.7k | Added +1.2k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 1.5k $3.0k | Added +225 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 1.2k $2.2k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.0k $1.9k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 522 $1.0k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 468 $899 | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 330 $634 | Reduced -9 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 159 $286 | Reduced -2 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 100 $192 | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 48 $0 | Reduced -360 |
| Private Wealth Management Group, LLC 0.00% of their portfolio | 30 $58 | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 3 $6 | Reduced -6 |