BRIDGER AEROSPACE GRP HLDGS BAERW
*W EXP 01/24/202 · Equity WRT · CUSIP 96812F110
- 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. Implied quarter-end price ≈ $0.10. Options: 1 managers hold calls ($26.0k notional), 0 hold puts (—).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2023 | 53 |
| Q2 2023 | 53 |
| Q3 2023 | 47 |
| Q4 2023 | 45 |
| Q1 2024 | 42 |
| Q2 2024 | 39 |
| Q3 2024 | 39 |
| Q4 2024 | 37 |
| Q1 2025 | 33 |
| Q2 2025 | 39 |
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 2023 | 11 | 11 |
| Q4 2023 | 9 | 9 |
| Q1 2024 | 6 | 14 |
| Q2 2024 | 3 | 7 |
| Q3 2024 | 7 | 11 |
| Q4 2024 | 5 | 11 |
| Q1 2025 | 6 | 13 |
| Q2 2025 | 9 | 4 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $100.7k | $0 | 0.00 |
| Q4 2024 | $14.6k | $0 | 0.00 |
| Q1 2025 | $17.9k | $0 | 0.00 |
| Q2 2025 | $26.0k | $0 | 0.00 |
Biggest buyers
| TORONTO DOMINION BANK | New | +1.5m |
| Parallax Volatility Advisers, L.P. | New | +100.0k |
| LMR Partners LLP | Added | +69.4k |
| PEAK6 LLC | Added | +40.0k |
| Creative Planning | Added | +39.5k |
| StoneX Group Inc. | New | +24.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +16.6k |
| SkyView Investment Advisors, LLC | New | +12.5k |
| FOURSIXTHREE CAPITAL LP | New | +10.0k |
Biggest sellers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -797.4k |
| TWO SIGMA SECURITIES, LLC | Reduced | -14.6k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -5.7k |
| CLEAR STREET LLC | Reduced | -288 |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $26.0k334.9k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| 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 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| LMR Partners LLP 0.00% of their portfolio | 3.0m $230.8k | Added +69.4k |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 1.6m $121.6k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 1.5m $115.0k | New |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 646.6k $50.1k | Reduced -797.4k |
| Driehaus Capital Management LLC 0.00% of their portfolio | 620.2k $48.1k | Unchanged |
| Clear Street Derivatives LLC 0.37% of their portfolio | 586.1k $45.4k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 472.0k $36.6k | Reduced -288 |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 274.9k $21.3k | Unchanged |
| Davidson Kempner Capital Management LP 0.00% of their portfolio | 195.4k $15.1k | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 183.3k $14.2k | Unchanged |
| CANYON CAPITAL ADVISORS LLC 0.00% of their portfolio | 175.0k $13.6k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 158.3k $12.3k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 101.4k $7.9k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 100.0k $7.8k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 100.0k $7.8k | Unchanged |
| Westchester Capital Management, LLC 0.00% of their portfolio | 100.0k $7.8k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 100.0k $7.8k | New |
| Sculptor Capital LP 0.00% of their portfolio | 96.0k $7.2k | Unchanged |
| Greenland Capital Management LP 0.00% of their portfolio | 86.8k $6.7k | Unchanged |
| PEAK6 LLC 0.00% of their portfolio | 80.0k $6.2k | Added +40.0k |
| Athos Capital Ltd 0.19% of their portfolio | 66.1k $127.0k | Unchanged |
| Creative Planning 0.00% of their portfolio | 50.0k $3.9k | Added +39.5k |
| Elequin Capital, LP 0.00% of their portfolio | 47.3k $3.7k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 41.5k $3.2k | Unchanged |
| CANTOR FITZGERALD, L. P. 0.00% of their portfolio | 38.8k $3.0k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 37.3k $2.9k | Reduced -5.7k |
| CSS LLC/IL 0.00% of their portfolio | 36.5k $2.8k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 25.0k $1.9k | Unchanged |
| StoneX Group Inc. 0.00% of their portfolio | 24.8k $1.9k | New |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 23.3k $1.8k | Reduced -14.6k |
| THOMPSON DAVIS & CO., INC. 0.00% of their portfolio | 20.0k $1.6k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 18.8k $1.4k | Unchanged |
| Diametric Capital, LP 0.00% of their portfolio | 17.7k $1.4k | Unchanged |
| Sandia Investment Management LP 0.00% of their portfolio | 17.7k $1.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 16.6k $1.3k | New |
| SkyView Investment Advisors, LLC 0.00% of their portfolio | 12.5k $1.0k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 11.0k $853 | Unchanged |
| FOURSIXTHREE CAPITAL LP 0.00% of their portfolio | 10.0k $775 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |