Bridgewater Bancshares Inc: which funds bought and sold

Institutions that bought and sold Bridgewater Bancshares shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 80 institutions that filed 13F reports for both quarters added to or opened positions in Bridgewater Bancshares, and 50 cut or closed them. Together they added a net 671K shares, +3.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 792K shares (+18.0%); index fund managers were net buyers of 332K shares (+8.3%). 20 opened a new position and 9 sold out entirely.

Bought, Q2 2026 80 institutions, 20 of them new holders Sold, Q2 2026 50 institutions, 9 of them sold out

Net change, all compared +671K shares (+3.9%)

Net change, active managers +792K shares (+18.0%), 18 bought, 4 sold

Buyers versus sellers

institutions compared, 158

80 bought 28 50 sold

Active managers and hedge funds 18 bought · 4 sold · +792K

Index fund managers 9 bought · 0 sold · +332K

Other institutions 53 bought · 46 sold · −453K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+180K +11.4%	1.8M	$37.1M
Algert Global LLC Hedge fund	+170K New position	170K	$3.6M
Two Sigma Investments, LP Hedge fund	+135K +77.6%	309K	$6.5M
American Century Companies Inc Active manager	+90K +14.6%	708K	$14.9M
Trexquant Investment LP Hedge fund	+74K +245.7%	104K	$2.2M
Renaissance Technologies LLC Hedge fund	+72K +22.8%	386K	$8.1M
AQR Capital Management LLC Hedge fund	+68K +91.5%	142K	$3M
Panagora Asset Management Inc Active manager	+64K +88.8%	136K	$2.9M
Geode Capital Management, LLC Index funds	+61K +12.4%	557K	$11.7M
Millennium Management LLC Hedge fund	+54K New position	54K	$1.1M
Dimensional Fund Advisors LP	+41K +3.9%	1.1M	$23.1M
Citadel Advisors LLC Hedge fund	+28K +134.9%	49K	$1M
Alliancebernstein L.P. Active manager	+27K +2.1%	1.3M	$23.7M
Russell Investments Group, Ltd.	+26K +12.5%	232K	$4.9M
Connor, Clark & Lunn Investment Management Ltd.	+25K +35.9%	95K	$2M
Vanguard Portfolio Management LLC Index funds	+24K +15.1%	180K	$3.8M
Hillsdale Investment Management Inc.	+22K +10.4%	234K	$4.9M
Vanguard Capital Management LLC Index funds	+22K +2.4%	941K	$19.8M
Sequoia Financial Advisors, LLC	+19K New position	19K	$407,209
Northern Trust Corp Index funds	+16K +9.1%	186K	$3.9M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Algert Global LLC Hedge fund	+170K New position	170K	$3.6M
Two Sigma Investments, LP Hedge fund	+135K +77.6%	309K	$6.5M
American Century Companies Inc Active manager	+90K +14.6%	708K	$14.9M
Trexquant Investment LP Hedge fund	+74K +245.7%	104K	$2.2M
Renaissance Technologies LLC Hedge fund	+72K +22.8%	386K	$8.1M
AQR Capital Management LLC Hedge fund	+68K +91.5%	142K	$3M
Panagora Asset Management Inc Active manager	+64K +88.8%	136K	$2.9M
Millennium Management LLC Hedge fund	+54K New position	54K	$1.1M
Citadel Advisors LLC Hedge fund	+28K +134.9%	49K	$1M
Alliancebernstein L.P. Active manager	+27K +2.1%	1.3M	$23.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Rhino Investment Partners, Inc	−430K Sold out	0	—
Thrivent Financial For Lutherans	−49K −2.2%	2.2M	$46.4M
Gsa Capital Partners LLP	−43K Sold out	0	—
Hodges Capital Management Inc.	−41K −17.3%	193K	$4.1M
Legacies Wealth LLC	−25K Sold out	0	—
Tectonic Advisors LLC	−25K −24.8%	75K	$1.6M
Cresset Asset Management, LLC	−20K Sold out	0	—
Morgan Stanley	−19K −9.8%	179K	$3.8M
Ejf Capital LP	−17K −9.3%	165K	$3.5M
Next Century Growth Investors LLC	−15K −4.5%	318K	$6.7M
Fourthstone LLC	−13K Sold out	0	—
Pacific Ridge Capital Partners, LLC	−13K −18.1%	59K	$1.2M
Franklin Resources Inc Active manager	−11K −39.3%	18K	$372,155
Jpmorgan Chase & Co	−11K −6.1%	169K	$3.6M
Assenagon Asset Management S.A.	−7,560 −14.6%	44K	$933,376
Acadian Asset Management LLC Active manager	−7,200 −2.0%	361K	$7.6M
Goldman Sachs Group Inc	−7,080 −5.0%	135K	$2.8M
Sei Investments Co	−7,000 −39.2%	11K	$228,451
Invesco Ltd.	−5,905 −19.4%	25K	$516,385
Banc Funds Co LLC	−5,000 −4.9%	96K	$2M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Franklin Resources Inc Active manager	−11K −39.3%	18K	$372,155
Acadian Asset Management LLC Active manager	−7,200 −2.0%	361K	$7.6M
Kennedy Capital Management LLC Active manager	−4,293 −1.5%	283K	$5.9M
D. E. Shaw & Co., Inc. Hedge fund	−3,929 −20.1%	16K	$328,897

New positions

largest by value

Institution	Shares	Value June 30, 2026
Algert Global LLCHedge fund	170K	$3.6M
Millennium Management LLCHedge fund	54K	$1.1M
Sequoia Financial Advisors, LLC	19K	$407,209
Occudo Quantitative Strategies LP	15K	$306,910
Wealth Enhancement Advisory Services, LLC	13K	$287,457
Xtx Topco Ltd	11K	$240,992
Mercer Global Advisors Inc	11K	$227,316
Jump Financial, LLC	11K	$223,550
Captrust Financial Advisors	10K	$214,103
Arax Advisory Partners	2,099	$44,163

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Rhino Investment Partners, Inc	430K	$7.6M
Gsa Capital Partners LLP	43K	$758,000
Legacies Wealth LLC	25K	$442,500
Cresset Asset Management, LLC	20K	$359,168
Fourthstone LLC	13K	$236,030
Simplex Trading, LLC	427	$7,557
Bayban	49	$867
Root Financial Partners, LLC	20	$354
Mai Capital Management	15	$266

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 149
Ten largest holders: 54.7%
Index fund managers: 23.9%
Active managers and hedge funds: 28.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	18	4	2	0	+792K	+18.0%
Index fund managers	9	0	0	0	+332K	+8.3%
Other institutions	53	46	18	9	−453K	−5.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Bridgewater Bancshares.

Only managers that filed a holdings report for both quarters are compared (158 here). 2 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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