Vault-13

BRIDGER AEROSPACE GRP HLDGS BAERW

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

25 institutional holders -1 vs Q1 2026
6,490,2586.5m shares reported held*
$2.2mreported value*
1 new 1 added 6 reduced 1 sold out net bought ≈ $7.3k (+26.0k 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 ≈ $0.33. Options: 1 managers hold calls ($93.8k notional), 0 hold puts (—).

Trends to Q2 2026

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: 39Q3 25: 32Q4 25: 30Q1 26: 26Q2 26: 2525Q1 23Q4 23Q3 24Q2 25Q2 26
Numbers
QuarterHolders
Q1 202353
Q2 202353
Q3 202347
Q4 202345
Q1 202442
Q2 202439
Q3 202439
Q4 202437
Q1 202533
Q2 202539
Q3 202532
Q4 202530
Q1 202626
Q2 202625

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 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 25Q3 25: 2 bought or addedQ3 25: 11 cut or sold outQ4 25: 4 bought or addedQ4 25: 10 cut or sold outQ4 25Q1 26: 3 bought or addedQ1 26: 12 cut or sold outQ2 26: 2 bought or addedQ2 26: 7 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024711
Q4 2024511
Q1 2025613
Q2 202594
Q3 2025211
Q4 2025410
Q1 2026312
Q2 202627

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ3 25 calls: $25.8kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $66.8kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $130.6kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $93.8kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$25.8k$00.00
Q4 2025$66.8k$00.00
Q1 2026$130.6k$00.00
Q2 2026$93.8k$00.00

Biggest buyers

TORONTO DOMINION BANK Added +70,899+70.9k
Virtu Financial LLC New +44,104+44.1k

Biggest sellers

LMR Partners LLP Reduced -28,862-28.9k
Sculptor Capital LP Reduced -18,860-18.9k
Clear Street Group Inc. Reduced -18,265-18.3k
FOURSIXTHREE CAPITAL LP Sold out -10,000-10.0k
Saba Capital Management, L.P. Reduced -7,307-7.3k
PEAK6 LLC Reduced -5,000-5.0k
TWO SIGMA SECURITIES, LLC Reduced -688-688

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $93.8k334.9k 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 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)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 1 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20251$540.0k0——
Q1 20260—0——
Q2 20260—0——
Q3 20261$573.0k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-01 KELTER JEFFREY E Director · By K5 Equity Capital Holdings, LLC Bought 100,000 $1.10 $110.0k100.0k shares +25%
2026-09-01 KELTER JEFFREY E Director · By Windy Point Investments LLC Bought 100,000 $1.09 $109.0k100.0k shares +14%
2026-08-20 KELTER JEFFREY E Director Bought 100,000 $1.16 $116.0k100.0k shares +16%
2026-08-20 KELTER JEFFREY E Director Bought 50,000 $1.16 $58.0k50.0k shares +5%
2026-08-19 KELTER JEFFREY E Director · By K5 Equity Capital Holdings, LLC Bought 50,000 $1.20 $60.0k50.0k shares +8%
2026-08-19 KELTER JEFFREY E Director Bought 50,000 $1.20 $60.0k50.0k shares +5%
2026-08-19 KELTER JEFFREY E Director · By Windy Point Investments LLC Bought 50,000 $1.20 $60.0k50.0k shares +17%
2026-08-11 SCHWARZMAN STEPHEN A +8 10% owner · See Footnotes Sold 2,778,124 $1.04 $2.9m2.8m shares -99%
2026-08-11 BLACKSTONE SECURITIES PARTNERS L.P. +7 10% owner · See Footnotes Sold 2,778,124 $1.04 $2.9m2.8m shares -99%
2026-08-04 BLACKSTONE SECURITIES PARTNERS L.P. +7 10% owner · See Footnotes Sold 1,900,000 $1.70 $3.2m1.9m shares -97%
2026-08-04 SCHWARZMAN STEPHEN A +8 10% owner · See Footnotes Sold 1,900,000 $1.70 $3.2m1.9m shares -97%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LMR Partners LLP 0.00% of their portfolio LONDON, X0 2,223,8362.2m $622.7k $622.7k 0.00% Reduced -28.9k -28,862
2 ARISTEIA CAPITAL, L.L.C. 0.01% of their portfolio GREENWICH, CT 1,604,8531.6m $449.4k $449.4k 0.01% Unchanged
3 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 902,592902.6k $252.7k $252.7k 0.00% Added +70.9k +70,899
4 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 352,122352.1k $98.6k $98.6k 0.00% Reduced -18.3k -18,265
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 274,854274.9k $77.0k $77.0k 0.00% Unchanged
6 Davidson Kempner Capital Management LP 0.00% of their portfolio New York, NY 195,399195.4k $54.7k $54.7k 0.00% Unchanged
7 CANYON CAPITAL ADVISORS LLC 0.01% of their portfolio DALLAS, TX 175,000175.0k $49.0k $49.0k 0.01% Unchanged
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 158,352158.4k $44.3k $44.3k 0.00% Unchanged
9 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 101,400101.4k $28.4k $28.4k 0.00% Unchanged
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100,000100.0k $25.1k $25.1k 0.00% Unchanged
11 Oasis Management Co Ltd. 0.02% of their portfolio GRAND CAYMAN, E9 100,000100.0k $192.0k $192.0k 0.02% Unchanged
12 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 100,000100.0k $28.0k $28.0k 0.00% Unchanged
13 Greenland Capital Management LP 0.00% of their portfolio NEW YORK, NY 85,54685.5k $24.0k $24.0k 0.00% Unchanged
14 Athos Capital Ltd 0.05% of their portfolio HONG KONG, K3 66,06266.1k $127.0k $127.0k 0.05% Unchanged
15 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 47,31747.3k $13.2k $13.2k 0.00% Unchanged
16 Virtu Financial LLC 0.00% of their portfolio New York, NY 44,10444.1k $12.0k $12.0k 0.00% New
17 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 41,50041.5k $11.6k $11.6k 0.00% Unchanged
18 Sculptor Capital LP 0.00% of their portfolio New York, NY 39,24039.2k $11.0k $11.0k 0.00% Reduced -18.9k -18,860
19 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 36,47836.5k $10.2k $10.2k 0.00% Unchanged
20 PEAK6 LLC 0.00% of their portfolio AUSTIN, TX 30,00030.0k $8.4k $8.4k 0.00% Reduced -5.0k -5,000
21 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio Boston, MA 28,55128.6k $8.0k $8.0k 0.00% Unchanged
22 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 25,00025.0k $7.0k $7.0k 0.00% Unchanged
23 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 11,44511.4k $3.2k $3.2k 0.00% Reduced -7.3k -7,307
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 11,00811.0k $3.1k $3.1k 0.00% Unchanged
25 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 10,59910.6k $3.0k $3.0k 0.00% Reduced -688 -688