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Bridger Aerospace
BAER

57 hedge funds and large institutions have $37.8M invested in Bridger Aerospace in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

10% more capital invested

Capital invested by funds: $34.3M → $37.8M (+$3.51M)

6% more funds holding

Funds holding: 54 → 57 (+3)

3.78% more ownership

Funds ownership: 33.43% → 37.21% (+3.8%)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

Holders
57
Holders Change
+3
Holders Change %
+5.56%
% of All Funds
0.69%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
14
Reduced
17
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
First Manhattan
First Manhattan
New York
+$2.92M
2
Marshall Wace
Marshall Wace
United Kingdom
+$1.42M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$878K
4
Goldman Sachs
Goldman Sachs
New York
+$194K
5
Jane Street
Jane Street
New York
+$80.5K

Top Sellers

Rank Fund Capital Flow
1
FLPIM
F.L. Putnam Investment Management
Massachusetts
-$1.22M
2
Morgan Stanley
Morgan Stanley
New York
-$959K
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$95.9K
4
KG
Kieckhefer Group
Wisconsin
-$77.1K
5
Millennium Management
Millennium Management
New York
-$63.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Blackstone Inc
1
Blackstone Inc
New York
$17.6M – – –
First Manhattan
2
First Manhattan
New York
$10.1M +$2.92M +1,671,375 +44%
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.4M +$878K +502,384 +62%
Marshall Wace
4
Marshall Wace
United Kingdom
$1.77M +$1.42M +811,899 +530%
Goldman Sachs
5
Goldman Sachs
New York
$608K +$194K +110,788 +50%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$521K +$10.4K +5,959 +2%
KG
7
Kieckhefer Group
Wisconsin
$440K -$77.1K -44,134 -16%
PWA
8
Peterson Wealth Advisors
Utah
$427K – – –
BlackRock
9
BlackRock
New York
$424K +$80 +46 +0%
Baird Financial Group
10
Baird Financial Group
Wisconsin
$419K -$95.9K -54,900 -19%
Cerity Partners
11
Cerity Partners
New York
$394K -$342 -196 -0.1%
MCCA
12
Mill Creek Capital Advisors
Pennsylvania
$357K – – –
Squarepoint
13
Squarepoint
New York
$333K +$74.4K +42,613 +31%
Morgan Stanley
14
Morgan Stanley
New York
$253K -$959K -549,178 -80%
HWM
15
HighMark Wealth Management
Minnesota
$202K – – –
State Street
16
State Street
Massachusetts
$185K +$43K +24,600 +32%
BCM
17
Bridgeway Capital Management
Texas
$140K – – –
UBS Group
18
UBS Group
Switzerland
$130K +$22.4K +12,810 +22%
Northern Trust
19
Northern Trust
Illinois
$125K +$589 +337 +0.5%
CC
20
Centiva Capital
New York
$101K +$45.9K +26,266 +92%
Jane Street
21
Jane Street
New York
$84.3K +$80.5K +46,087 New
QC
22
Quadrature Capital
United Kingdom
$81.5K +$77.8K +44,558 New
AWM
23
Apollon Wealth Management
South Carolina
$71.4K – – –
Citadel Advisors
24
Citadel Advisors
Florida
$57.8K +$55.2K +31,601 New
KWM
25
Kingsview Wealth Management
Oregon
$54.9K +$52.4K +30,000 New
1
2 3

BAER Hedge Fund Activity: Q4 2025 in Review

57 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Bridger Aerospace (BAER) for Q4 2025, worth a combined $37.8M — up 10% from $34.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BAER positions and 3 closed out — a net gain of 6 holders — while 14 added to existing stakes and 17 trimmed.

The largest buyer was First Manhattan, adding an estimated $2.92M. The largest seller was F.L. Putnam Investment Management, exiting entirely with an estimated $1.22M sold.

  • 57 institutional investors held Bridger Aerospace (BAER) as of Q4 2025, up from 54 in Q3 2025.
  • Funds reported $37.8M of Bridger Aerospace stock for Q4 2025, up 10% quarter-over-quarter.
  • 9 funds opened new Bridger Aerospace positions in Q4 2025 and 3 closed out, a net change of +6 holders.
  • The largest Bridger Aerospace buyer in Q4 2025 was First Manhattan, an estimated $2.92M added.
  • The largest Bridger Aerospace seller in Q4 2025 was F.L. Putnam Investment Management, an estimated $1.22M sold.

Based on aggregated 13F filings for Q4 2025.