Bridger Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Bridger Management, LLC reported 28 stock positions worth $201.1 million. Its top holding was Morgan Stanley (MS) at 10.9% of the portfolio, followed by Vertex Pharmaceuticals (VRTX, 9.9%) and Uber Technologies (UBER, 8.7%). Compared with Q4 2024, it opened 6 new positions, sold out of 5, added to 5 and reduced 5. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale an exit from Bausch + Lomb (BLCO).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001166309
Portfolio Value
$201.1M (Q1 2025)
SEC Filing
0001166309-25-000005 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $221.8M Q1 2024 Q2 2024: $194.3M Q2 2024 Q3 2024: $199.9M Q3 2024 Q4 2024: $186.1M Q4 2024 Q1 2025: $201.1M $201.1M Q1 2025 Q2 2025: $169.5M Q2 2025 Q3 2025: $185.6M Q3 2025 Q4 2025: $155.5M Q4 2025 Q1 2026: $128.0M Q1 2026 Q2 2026: $150.1M Q2 2026

Holdings 28 stocks · $201.1M
MS Morgan Stanley 10.89% 187,714 $21.9M No change
VRTX Vertex Pharmaceuticals Inc. 9.89% 41,050 $19.9M No change
UBER Uber Technologies Inc. 8.75% 241,471 $17.6M Reduce -16.6%
AMZN Amazon.com Inc. 6.01% 63,514 $12.1M Add +424.3%
PFE Pfizer Inc. 5.87% 466,059 $11.8M No change
TEVA Teva Pharmaceutical-SP ADR 5.31% 695,000 $10.7M No change
BBWI Bath & Body Works Inc. 5.22% 346,615 $10.5M Add +38.9%
SPOT Spotify Technology SA 4.86% 17,768 $9.8M New
ALNY Alnylam Pharmaceuticals Inc. 4.70% 34,975 $9.4M Reduce -15.1%
NVO Novo-Nordisk A/S-Spons ADR 4.20% 121,600 $8.4M New
SWTX Springworks Therapeutics Inc. 3.83% 174,526 $7.7M Add +20.8%
ZBH Zimmer Biomet Holdings Inc. 3.51% 62,363 $7.1M Reduce -31.1%
CZR Caesars Entertainment Inc. 3.29% 264,725 $6.6M Add +79.3%
MASI Masimo Corp. 3.26% 39,300 $6.5M New
WYNN WYNN Resorts Ltd. 3.24% 78,038 $6.5M Reduce -42.3%
FLUT Flutter Entertainment PLC-Di 3.16% 28,666 $6.4M New
MLCO Melco Resorts & Entert-ADR 2.53% 964,644 $5.1M Add +172.1%
XENE Xenon Pharmaceuticals Inc. 2.45% 146,800 $4.9M No change
IBIT iShares Bitcoin Trust ETF 1.93% 83,119 $3.9M Reduce -23.2%
LFST Lifestance Health Group Inc. 1.29% 389,700 $2.6M New
GOOGL Alphabet Inc. Class A 1.07% 13,900 $2.1M No change
TOST Toast Inc. Class A 0.87% 52,692 $1.7M No change
EWTX Edgewise Therapeutics Inc. 0.82% 74,700 $1.6M No change
MSFT Microsoft Corp. 0.79% 4,230 $1.6M No change
AORT Artivion Inc. 0.79% 64,300 $1.6M New
MA Mastercard Inc. Class A 0.65% 2,400 $1.3M No change
GDX Vaneck Gold Miners ETF 0.58% 25,179 $1.2M No change
NEXT Nextdecade Corp. 0.26% 67,837 $528K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $14K (not counted above)
SecurityClassShares / PrincipalValueChange
SRZNW Surrozen Inc.-CW25 *W EXP 08/01/203 466,666$14KNo change

Total filed on the 13F, all lines: $201.2M.

Portfolio Sells Q4 2024 → Q1 2025
BLCO Bausch + Lomb Corp. Sold out 0.00% −4.91
GMAB Genmab A/S -SP ADR Sold out 0.00% −3.27
WYNN WYNN Resorts Ltd. Reduce -42.3% 3.24% −3.02
GERN Geron Corp. Sold out 0.00% −2.55
ZBH Zimmer Biomet Holdings Inc. Reduce -31.1% 3.51% −1.63
IBIT iShares Bitcoin Trust ETF Reduce -23.2% 1.93% −1.15
QTRX Quanterix Corp. Sold out 0.00% −1.06
UBER Uber Technologies Inc. Reduce -16.6% 8.75% −0.64
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.53
ALNY Alnylam Pharmaceuticals Inc. Reduce -15.1% 4.70% −0.51

Portfolio Buys Q4 2024 → Q1 2025
SPOT Spotify Technology SA New 4.86% +4.86
AMZN Amazon.com Inc. Add +424.3% 6.01% +4.58
NVO Novo-Nordisk A/S-Spons ADR New 4.20% +4.20
MASI Masimo Corp. New 3.26% +3.26
FLUT Flutter Entertainment PLC-Di New 3.16% +3.16
MLCO Melco Resorts & Entert-ADR Add +172.1% 2.53% +1.42
LFST Lifestance Health Group Inc. New 1.29% +1.29
SWTX Springworks Therapeutics Inc. Add +20.8% 3.83% +1.02
AORT Artivion Inc. New 0.79% +0.79
CZR Caesars Entertainment Inc. Add +79.3% 3.29% +0.64
BBWI Bath & Body Works Inc. Add +38.9% 5.22% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 23$150.1MMS, AMZN, TEVA, UNH, FLUT
Q1 2026 23$128.0MMS, AMZN, TEVA, FLUT, DXCM
Q4 2025 23$155.5MMS, AMZN, TEVA, NKE, ALC
Q3 2025 27$185.6MMS, AMZN, TEVA, NKE, UBER
Q2 2025 24$169.5MMS, UBER, AMZN, TEVA, PFE
Q1 2025 28$201.1MMS, VRTX, UBER, AMZN, PFE
Q4 2024 27$186.1MMS, UBER, VRTX, TEVA, PFE
Q3 2024 28$199.9MUBER, MS, VRTX, TEVA, ALNY
Q2 2024 27$194.3MLLY, UBER, VRTX, MS, TEVA
Q1 2024 30$221.8MUBER, LLY, TEVA, MS, VRTX