Vault-13

BRIDGER AEROSPACE GRP HLDGS BAERW

*W EXP 01/24/202 · Equity WRT · CUSIP 96812F110

39 institutional holders +6 vs Q1 2025
9,750,6839.8m shares reported held*
$944.8kreported value*
6 new 3 added 4 reduced 0 sold out net bought ≈ $75.8k (+1.8m 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. 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

0204060Q1 23: 53Q2 23: 53Q3 23: 47Q4 23: 45Q1 24: 42Q2 24: 39Q3 24: 39Q4 24: 37Q1 25: 33Q2 25: 3939Q1 23Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 202353
Q2 202353
Q3 202347
Q4 202345
Q1 202442
Q2 202439
Q3 202439
Q4 202437
Q1 202533
Q2 202539

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 11 bought or addedQ3 23: 11 cut or sold outQ4 23: 9 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 6 bought or addedQ1 24: 14 cut or sold outQ2 24: 3 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 7 bought or addedQ3 24: 11 cut or sold outQ4 24: 5 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 6 bought or addedQ1 25: 13 cut or sold outQ2 25: 9 bought or addedQ2 25: 4 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231111
Q4 202399
Q1 2024614
Q2 202437
Q3 2024711
Q4 2024511
Q1 2025613
Q2 202594

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ3 24 calls: $100.7kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $14.6kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $17.9kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $26.0kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$100.7k$00.00
Q4 2024$14.6k$00.00
Q1 2025$17.9k$00.00
Q2 2025$26.0k$00.00

Biggest buyers

TORONTO DOMINION BANK New +1,483,444+1.5m
Parallax Volatility Advisers, L.P. New +100,000+100.0k
LMR Partners LLP Added +69,370+69.4k
PEAK6 LLC Added +40,000+40.0k
Creative Planning Added +39,500+39.5k
StoneX Group Inc. New +24,770+24.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +16,629+16.6k
SkyView Investment Advisors, LLC New +12,500+12.5k
FOURSIXTHREE CAPITAL LP New +10,000+10.0k

Biggest sellers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -797,383-797.4k
TWO SIGMA SECURITIES, LLC Reduced -14,607-14.6k
WOLVERINE ASSET MANAGEMENT LLC Reduced -5,675-5.7k
CLEAR STREET LLC Reduced -288-288

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)

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 LMR Partners LLP 0.00% of their portfolio LONDON, X0 2,977,9523.0m $230.8k $230.8k 0.00% Added +69.4k +69,370
2 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 1,620,0861.6m $121.6k $121.6k 0.00% Unchanged
3 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1,483,4441.5m $115.0k $115.0k 0.00% New
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 646,612646.6k $50.1k $50.1k 0.00% Reduced -797.4k -797,383
5 Driehaus Capital Management LLC 0.00% of their portfolio Chicago, IL 620,220620.2k $48.1k $48.1k 0.00% Unchanged
6 Clear Street Derivatives LLC 0.37% of their portfolio NEW YORK, NY 586,117586.1k $45.4k $45.4k 0.37% Unchanged
7 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 472,012472.0k $36.6k $36.6k 0.00% Reduced -288 -288
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 274,854274.9k $21.3k $21.3k 0.00% Unchanged
9 Davidson Kempner Capital Management LP 0.00% of their portfolio New York, NY 195,399195.4k $15.1k $15.1k 0.00% Unchanged
10 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio Boston, MA 183,333183.3k $14.2k $14.2k 0.00% Unchanged
11 CANYON CAPITAL ADVISORS LLC 0.00% of their portfolio DALLAS, TX 175,000175.0k $13.6k $13.6k 0.00% Unchanged
12 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 158,252158.3k $12.3k $12.3k 0.00% Unchanged
13 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 101,400101.4k $7.9k $7.9k 0.00% Unchanged
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100,000100.0k $7.8k $7.8k 0.00% Unchanged
15 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 100,000100.0k $7.8k $7.8k 0.00% Unchanged
16 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 100,000100.0k $7.8k $7.8k 0.00% Unchanged
17 Parallax Volatility Advisers, L.P. 0.00% of their portfolio San Francisco, CA 100,000100.0k $7.8k $7.8k 0.00% New
18 Sculptor Capital LP 0.00% of their portfolio New York, NY 96,00096.0k $7.2k $7.2k 0.00% Unchanged
19 Greenland Capital Management LP 0.00% of their portfolio NEW YORK, NY 86,79186.8k $6.7k $6.7k 0.00% Unchanged
20 PEAK6 LLC 0.00% of their portfolio AUSTIN, TX 80,00080.0k $6.2k $6.2k 0.00% Added +40.0k +40,000
21 Athos Capital Ltd 0.19% of their portfolio HONG KONG, K3 66,06266.1k $127.0k $127.0k 0.19% Unchanged
22 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 50,00050.0k $3.9k $3.9k 0.00% Added +39.5k +39,500
23 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 47,31747.3k $3.7k $3.7k 0.00% Unchanged
24 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 41,50041.5k $3.2k $3.2k 0.00% Unchanged
25 CANTOR FITZGERALD, L. P. 0.00% of their portfolio NEW YORK, NY 38,84938.8k $3.0k $3.0k 0.00% Unchanged
26 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 37,27037.3k $2.9k $2.9k 0.00% Reduced -5.7k -5,675
27 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 36,47836.5k $2.8k $2.8k 0.00% Unchanged
28 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 25,00025.0k $1.9k $1.9k 0.00% Unchanged
29 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 24,77024.8k $1.9k $1.9k 0.00% New
30 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 23,30823.3k $1.8k $1.8k 0.00% Reduced -14.6k -14,607
31 THOMPSON DAVIS & CO., INC. 0.00% of their portfolio RICHMOND, VA 20,00020.0k $1.6k $1.6k 0.00% Unchanged
32 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 18,75218.8k $1.4k $1.4k 0.00% Unchanged
33 Diametric Capital, LP 0.00% of their portfolio BOSTON, MA 17,69017.7k $1.4k $1.4k 0.00% Unchanged
34 Sandia Investment Management LP 0.00% of their portfolio BOSTON, MA 17,69017.7k $1.4k $1.4k 0.00% Unchanged
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,62916.6k $1.3k $1.3k 0.00% New
36 SkyView Investment Advisors, LLC 0.00% of their portfolio SHREWSBURY, NJ 12,50012.5k $1.0k $1.0k 0.00% New
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 11,00811.0k $853 $853 0.00% Unchanged
38 FOURSIXTHREE CAPITAL LP 0.00% of their portfolio NEW YORK, NY 10,00010.0k $775 $775 0.00% New
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged