DaveManuel.com · Institutional Ownership · Who Owns It
BRIDGEWATER BANCSHARES INC (BWB)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
151
Reporting holders
$376.7M
Reported value
65.0%
Of shares outstanding
0.0%
Calls
0.0%
Puts
+10
Holder change
Institutions report 18,116,287 shares against 27,883,823 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Thrivent Financial for Lutherans | $46.4M | 2,205,041 | 0.08% | 28q | -2.2%-$1.0M |
| BlackRock, Inc. | $37.1M | 1,765,449 | 0.00% | 8q | +11.4%+$3.8M |
| ALLIANCEBERNSTEIN L.P. | $23.7M | 1,341,747 | 0.01% | 31q | +2.1%+$486.2K |
| DIMENSIONAL FUND ADVISORS LP | $23.1M | 1,099,544 | 0.00% | 29q | +3.9%+$864.2K |
| VANGUARD CAPITAL MANAGEMENT LLC | $19.8M | 941,478 | 0.00% | 2q | +2.4%+$462.0K |
| AMERICAN CENTURY COMPANIES INC | $14.9M | 708,418 | 0.01% | 25q | +14.6%+$1.9M |
| GEODE CAPITAL MANAGEMENT, LLC | $11.7M | 557,374 | 0.00% | 31q | +12.4%+$1.3M |
| STATE STREET CORP | $9.9M | 468,511 | 0.00% | 31q | +3.1%+$295.3K |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $9.1M | 434,660 | 0.45% | 31q | HELD |
| RENAISSANCE TECHNOLOGIES LLC | $8.1M | 385,947 | 0.01% | 31q | +22.8%+$1.5M |
| ACADIAN ASSET MANAGEMENT LLC | $7.6M | 361,031 | 0.01% | 31q | -2.0%-$151.4K |
| Tradition Wealth Management, LLC | $7.4M | 349,549 | 0.45% | 23q | -0.7%-$48.7K |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $7.3M | 348,022 | 0.00% | 13q | HELD |
| NEXT CENTURY GROWTH INVESTORS LLC | $6.7M | 318,380 | 0.36% | 7q | -4.5%-$319.3K |
| TWO SIGMA INVESTMENTS, LP | $6.5M | 308,505 | 0.00% | 19q | +77.6%+$2.8M |
| KENNEDY CAPITAL MANAGEMENT LLC | $5.9M | 282,649 | 0.11% | 10q | -1.5%-$90.3K |
| Ancora Advisors LLC | $5.0M | 238,580 | 0.10% | 4q | +1.0%+$49.2K |
| Hillsdale Investment Management Inc. | $4.9M | 234,060 | 0.11% | 4q | +10.4%+$465.0K |
| Russell Investments Group, Ltd. | $4.9M | 232,011 | 0.00% | 28q | +12.5%+$544.2K |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $4.8M | 230,264 | 0.01% | 27q | +0.7%+$33.0K |
| Hodges Capital Management Inc. | $4.1M | 193,390 | 0.27% | 3q | -17.3%-$852.1K |
| NORTHERN TRUST CORP | $3.9M | 186,223 | 0.00% | 31q | +9.1%+$327.4K |
| CSM Advisors, LLC | $3.8M | 180,420 | 0.08% | 5q | HELD |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3.8M | 179,768 | 0.00% | 2q | +15.1%+$495.5K |
| MORGAN STANLEY | $3.8M | 178,928 | 0.00% | 34q | -9.8%-$410.1K |
| ALGERT GLOBAL LLC | $3.6M | 169,752 | 0.04% | new | NEW |
| JPMORGAN CHASE & CO | $3.6M | 168,967 | 0.00% | 31q | -6.1%-$231.5K |
| MALTESE CAPITAL MANAGEMENT LLC | $3.6M | 169,195 | 0.65% | 11q | +1.3%+$46.1K |
| EJF Capital LP | $3.5M | 164,752 | 2.32% | 31q | -9.3%-$357.4K |
| Qube Research & Technologies Ltd | $3.3M | 158,307 | 0.00% | 12q | +4.9%+$156.6K |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $3.3M | 156,628 | 0.06% | 14q | +4.7%+$147.7K |
| VANGUARD FIDUCIARY TRUST CO | $3.1M | 148,949 | 0.00% | 2q | +5.2%+$154.6K |
| AQR CAPITAL MANAGEMENT LLC | $3.0M | 142,273 | 0.00% | 6q | +91.5%+$1.4M |
| PANAGORA ASSET MANAGEMENT INC | $2.9M | 135,884 | 0.01% | 5q | +88.8%+$1.3M |
| GOLDMAN SACHS GROUP INC | $2.8M | 135,059 | 0.00% | 31q | -5.0%-$149.0K |
| Villanova Investment Management Co LLC | $2.7M | 129,787 | 2.59% | 9q | HELD |
| Curi Capital, LLC | $2.7M | 127,375 | 0.04% | 5q | +6.1%+$154.9K |
| MENDON CAPITAL ADVISORS CORP | $2.7M | 127,218 | 0.95% | 5q | +6.0%+$151.9K |
| Squarepoint Ops LLC | $2.2M | 106,492 | 0.00% | 7q | +13.5%+$265.7K |
| Trexquant Investment LP | $2.2M | 103,693 | 0.01% | 2q | +245.7%+$1.6M |
| Empowered Funds, LLC | $2.1M | 99,128 | 0.01% | 2q | +7.6%+$147.7K |
| Gator Capital Management, LLC | $2.0M | 97,067 | 0.43% | 19q | +2.5%+$49.4K |
| Sippican Capital Advisors | $2.0M | 96,685 | 1.24% | 11q | HELD |
| BANC FUNDS CO LLC | $2.0M | 96,479 | 0.34% | 31q | -4.9%-$105.2K |
| Connor, Clark & Lunn Investment Management Ltd. | $2.0M | 95,165 | 0.00% | 8q | +35.9%+$529.4K |
| Rosenthal | Henry Capital Advisors, Inc. | $1.9M | 90,614 | 1.67% | 27q | HELD |
| Daytona Street Capital LLC | $1.8M | 84,868 | 1.33% | 3q | -1.7%-$32.1K |
| Bleakley Financial Group, LLC | $1.8M | 85,503 | 0.02% | 2q | -1.4%-$25.9K |
| FIRST TRUST ADVISORS LP | $1.8M | 83,200 | 0.00% | 8q | +4.2%+$71.3K |
| Elgethun Capital Management | $1.6M | 77,304 | 0.23% | 25q | -2.4%-$40.5K |
| TECTONIC ADVISORS LLC | $1.6M | 75,122 | 0.08% | 3q | -24.8%-$522.2K |
| Bank of New York Mellon Corp | $1.3M | 63,166 | 0.00% | 31q | +10.7%+$128.7K |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.3M | 60,936 | 0.00% | 31q | +10.9%+$125.7K |
| Pacific Ridge Capital Partners, LLC | $1.2M | 59,005 | 0.23% | 31q | -18.1%-$273.8K |
| Quantinno Capital Management LP | $1.2M | 56,833 | 0.00% | 5q | +20.3%+$201.5K |
| MILLENNIUM MANAGEMENT LLC | $1.1M | 53,683 | 0.00% | new | NEW |
| VICTORY CAPITAL MANAGEMENT INC | $1.1M | 52,150 | 0.00% | 31q | +2.3%+$24.2K |
| CITADEL ADVISORS LLC | $1.0M | 48,945 | 0.00% | 11q | +134.9%+$591.4K |
| Nuveen, LLC | $1.0M | 48,748 | 0.00% | 6q | +7.1%+$67.7K |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $961.0K | 45,675 | 0.00% | 5q | +9.8%+$85.4K |
| Assenagon Asset Management S.A. | $933.4K | 44,362 | 0.00% | 18q | -14.6%-$159.1K |
| STATE OF WISCONSIN INVESTMENT BOARD | $781.2K | 37,128 | 0.00% | 8q | +5.5%+$40.6K |
| STRS OHIO | $719.6K | 34,200 | 0.00% | 14q | +7.9%+$52.6K |
| Inspire Investing, LLC | $680.3K | 32,334 | 0.03% | 4q | +12.0%+$72.6K |
| WELLS FARGO & COMPANY/MN | $608.9K | 28,942 | 0.00% | 14q | +63.1%+$235.6K |
| RHUMBLINE ADVISERS | $593.4K | 28,203 | 0.00% | 31q | +7.3%+$40.2K |
| AE Wealth Management LLC | $572.8K | 27,226 | 0.00% | 8q | +8.9%+$46.6K |
| Invesco Ltd. | $516.4K | 24,543 | 0.00% | 26q | -19.4%-$124.2K |
| CANADA PENSION PLAN INVESTMENT BOARD | $481.8K | 22,900 | 0.00% | 3q | HELD |
| Prosperity Consulting Group, LLC | $468.7K | 22,278 | 0.02% | 12q | HELD |
| DEUTSCHE BANK AG\ | $447.4K | 21,265 | 0.00% | 34q | +182.7%+$289.2K |
| Vident Advisory, LLC | $443.5K | 21,077 | 0.00% | 2q | -2.8%-$12.6K |
| AMERIPRISE FINANCIAL INC | $437.2K | 20,779 | 0.00% | 27q | HELD |
| BANK OF AMERICA CORP /DE/ | $422.7K | 20,088 | 0.00% | 31q | -3.2%-$14.1K |
| Sequoia Financial Advisors, LLC | $407.2K | 19,354 | 0.00% | new | NEW |
| BNP PARIBAS FINANCIAL MARKETS | $390.4K | 18,553 | 0.00% | 31q | +84.8%+$179.2K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $378.0K | 17,926 | 0.00% | 5q | +24.9%+$75.5K |
| FRANKLIN RESOURCES INC | $372.2K | 17,688 | 0.00% | 7q | -39.3%-$241.1K |
| IEQ CAPITAL, LLC | $369.1K | 17,542 | 0.00% | 4q | +41.6%+$108.4K |
| LPL Financial LLC | $337.1K | 16,021 | 0.00% | 4q | +9.3%+$28.6K |
| D. E. Shaw & Co., Inc. | $328.9K | 15,632 | 0.00% | 11q | -20.1%-$82.7K |
| CITIGROUP INC | $319.2K | 15,169 | 0.00% | 31q | +373.3%+$251.7K |
| BALLAST ADVISORS LLC | $307.2K | 14,600 | 0.07% | 27q | HELD |
| OCCUDO QUANTITATIVE STRATEGIES LP | $306.9K | 14,587 | 0.02% | new | NEW |
| NewEdge Advisors, LLC | $304.9K | 14,492 | 0.00% | 2q | -2.4%-$7.3K |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $287.5K | 13,395 | 0.00% | new | NEW |
| MetLife Investment Management, LLC | $270.2K | 12,841 | 0.00% | 23q | HELD |
| Cetera Investment Advisers | $258.7K | 12,294 | 0.00% | 8q | -28.7%-$104.0K |
| XTX Topco Ltd | $241.0K | 11,454 | 0.00% | new | NEW |
| D.A. DAVIDSON & CO. | $239.9K | 11,400 | 0.00% | 8q | -11.6%-$31.6K |
| NORTHLAND SECURITIES, INC. | $232.6K | 11,055 | 0.14% | 3q | -27.8%-$89.4K |
| SEI INVESTMENTS CO | $228.5K | 10,858 | 0.00% | 13q | -39.2%-$147.3K |
| MERCER GLOBAL ADVISORS INC /ADV | $227.3K | 10,804 | 0.00% | new | NEW |
| Jump Financial, LLC | $223.6K | 10,625 | 0.00% | new | NEW |
| CAPTRUST FINANCIAL ADVISORS | $214.1K | 10,176 | 0.00% | new | NEW |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $208.7K | 9,921 | 0.00% | 9q | HELD |
| Vanguard Global Advisers, LLC | $195.8K | 9,305 | 0.00% | 2q | HELD |
| NEW YORK STATE COMMON RETIREMENT FUND | $190.9K | 9,074 | 0.00% | 31q | +117.4%+$103.1K |
| ROYAL BANK OF CANADA | $136.0K | 6,437 | 0.00% | 31q | +26.1%+$28.2K |
| UBS Group AG | $128.4K | 6,103 | 0.00% | 15q | -26.5%-$46.4K |
Showing the largest 100 of 151 reported holders.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-05 | Shellberg Jeffrey D. | Director | Sold | 160,000 | $3.4M |
| 2026-08-06 | Shellberg Jeffrey D. | Director | Sold | 40,000 | $850.3K |
| 2026-08-24 | Juran David B. | Director | Sold | 25,000 | $543.4K |
| 2026-05-21 | Shellberg Jeffrey D. | Director | Sold | 20,000 | $371.1K |
| 2026-08-14 | Baack Jerry J. | CEO | Sold | 15,000 | $333.2K |
| 2026-07-27 | Baack Jerry J. | CEO | Sold | 15,900 | $330.8K |
| 2026-08-21 | Juran David B. | Director | Sold | 15,000 | $323.9K |
| 2026-07-29 | Baack Jerry J. | CEO | Sold | 11,334 | $237.0K |
| 2026-08-04 | Crocker Mary Jayne | Director | Sold | 11,000 | $231.5K |
| 2026-08-17 | Baack Jerry J. | CEO | Sold | 10,000 | $224.8K |
| 2026-08-13 | Baack Jerry J. | CEO | Sold | 10,000 | $220.3K |
| 2026-06-05 | Chybowski Joseph M. | PRESIDENT & CFO | Sold | 7,000 | $132.7K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 29 | $8.6M | 425,140 | 4 | 11 | 4 | 0.0% |
| Q2 2026 | 151 | $376.7M | 18,116,287 | 20 | 60 | 39 | 0.0% |
| Q1 2026 | 141 | $308.8M | 17,451,360 | 14 | 40 | 40 | 0.0% |
| Q4 2025 | 139 | $302.0M | 17,229,003 | 19 | 43 | 41 | 0.0% |
| Q3 2025 | 129 | $289.1M | 16,429,369 | 15 | 50 | 27 | 0.0% |
| Q2 2025 | 125 | $237.4M | 14,907,985 | 21 | 44 | 28 | 0.1% |
| Q1 2025 | 113 | $202.4M | 14,460,611 | 5 | 28 | 48 | 0.0% |
| Q4 2024 | 113 | $202.0M | 14,949,747 | 14 | 41 | 19 | 0.0% |
| Q3 2024 | 106 | $193.1M | 13,613,916 | 17 | 35 | 25 | 0.1% |
| Q2 2024 | 90 | $152.3M | 13,089,524 | 4 | 30 | 31 | 0.2% |
| Q1 2024 | 97 | $156.2M | 13,376,949 | 9 | 33 | 31 | 0.3% |
| Q4 2023 | 107 | $179.0M | 13,152,801 | 20 | 34 | 27 | 0.7% |
| Q3 2023 | 87 | $129.1M | 13,616,284 | 6 | 30 | 25 | 0.0% |
| Q2 2023 | 94 | $135.3M | 13,732,789 | 20 | 26 | 33 | 0.0% |
| Q1 2023 | 99 | $164.5M | 15,175,623 | 18 | 32 | 27 | 0.0% |
| Q4 2022 | 96 | $252.9M | 14,254,868 | 11 | 33 | 26 | 0.0% |
| Q3 2022 | 87 | $3.9B | 234,402,566 | 9 | 22 | 29 | 0.0% |
| Q2 2022 | 85 | $236.8M | 14,673,768 | 3 | 22 | 32 | 0.0% |
| Q1 2022 | 93 | $3.9B | 234,476,267 | 9 | 27 | 33 | 0.0% |
| Q4 2021 | 87 | $4.2B | 238,924,724 | 6 | 30 | 25 | 0.0% |
| Q3 2021 | 87 | $4.1B | 236,656,657 | 5 | 24 | 33 | 0.0% |
| Q2 2021 | 90 | $3.7B | 231,183,073 | 6 | 28 | 39 | 0.0% |
| Q1 2021 | 95 | $3.8B | 236,233,787 | 15 | 24 | 38 | 0.0% |
| Q4 2020 | 80 | $2.3B | 186,230,851 | 8 | 24 | 31 | 0.0% |
| Q3 2020 | 79 | $1.8B | 192,954,564 | 4 | 20 | 37 | 0.0% |
| Q2 2020 | 85 | $226.5M | 22,109,940 | 11 | 33 | 21 | 0.0% |
| Q1 2020 | 83 | $1.9B | 197,330,860 | 6 | 24 | 38 | 0.0% |
| Q4 2019 | 82 | $2.2B | 157,002,333 | 8 | 39 | 20 | 0.0% |
| Q3 2019 | 84 | $670.5M | 56,157,687 | 17 | 30 | 24 | 0.0% |
| Q2 2019 | 71 | $230.6M | 19,983,529 | 11 | 26 | 15 | 0.0% |
| Q1 2019 | 70 | $200.7M | 19,466,744 | 8 | 22 | 24 | 0.0% |
| Q4 2018 | 66 | $831.8M | 78,842,951 | 2 | 2 | 0 | 0.0% |