Bridger Management, LLC

Name: BRIDGER MANAGEMENT, LLC 13F holdings, Q2 2025
Creator: BRIDGER MANAGEMENT, LLC
Published: 2025-08-11

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Bridger Management, LLC reported 24 stock positions worth $169.5 million. Its top holding was Morgan Stanley (MS) at 12.8% of the portfolio, followed by Uber Technologies (UBER, 7.0%) and Amazon.com (AMZN, 6.9%). Compared with Q1 2025, it opened 5 new positions, sold out of 9, added to 3 and reduced 12. The biggest buy was a new position in Nike Class B (NKE) and the biggest sale Vertex Pharmaceuticals (VRTX, shares −54%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001166309
Portfolio Value: $169.5M (Q2 2025)
SEC Filing: 0001166309-25-000008 ↗ filed Aug 11, 2025

Holdings Value

Holdings 24 stocks · $169.5M


MS Morgan Stanley	12.77%	153,693	$21.6M	Reduce -18.1%
UBER Uber Technologies Inc.	7.03%	127,829	$11.9M	Reduce -47.1%
AMZN Amazon.com Inc.	6.92%	53,471	$11.7M	Reduce -15.8%
TEVA Teva Pharmaceutical-SP ADR	6.87%	695,000	$11.6M	No change
PFE Pfizer Inc.	5.84%	408,728	$9.9M	Reduce -12.3%
BBWI Bath & Body Works Inc.	5.31%	300,619	$9.0M	Reduce -13.3%
NKE Nike Inc. Class B	4.99%	119,165	$8.5M	New
VRTX Vertex Pharmaceuticals Inc.	4.93%	18,778	$8.4M	Reduce -54.3%
C Citigroup Inc.	4.47%	88,950	$7.6M	New
NVO Novo-Nordisk A/S-Spons ADR	4.25%	104,386	$7.2M	Reduce -14.2%
CZR Caesars Entertainment Inc.	4.15%	247,851	$7.0M	Reduce -6.4%
FLUT Flutter Entertainment PLC-Di	4.13%	24,484	$7.0M	Reduce -14.6%
WYNN WYNN Resorts Ltd.	3.70%	66,895	$6.3M	Reduce -14.3%
MSFT Microsoft Corp.	3.61%	12,300	$6.1M	Add +190.8%
LLY Eli Lilly & Co.	3.36%	7,307	$5.7M	New
MASI Masimo Corp.	3.34%	33,641	$5.7M	Reduce -14.4%
MA Mastercard Inc. Class A	3.09%	9,310	$5.2M	Add +287.9%
IBIT iShares Bitcoin Trust ETF	3.00%	83,119	$5.1M	No change
AORT Artivion Inc.	2.43%	132,588	$4.1M	Add +106.2%
MLCO Melco Resorts & Entert-ADR	2.23%	522,966	$3.8M	Reduce -45.8%
MSGS Madison Square Garden Sports	1.61%	13,072	$2.7M	New
TOST Toast Inc. Class A	1.38%	52,692	$2.3M	No change
NEXT Nextdecade Corp.	0.36%	67,837	$604K	No change
CMPS Compass Pathways PLC	0.24%	147,209	$412K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $8K (not counted above)

Security	Class	Shares / Principal	Value	Change
SRZNW Surrozen Inc.-CW25	*W EXP 08/01/203	442,052	$8K	Reduce -5.3%

Total filed on the 13F, all lines: $169.6M.

Portfolio Sells Q1 2025 → Q2 2025


VRTX Vertex Pharmaceuticals Inc.	Reduce -54.3%	4.93%	−4.96
SPOT Spotify Technology SA	Sold out	0.00%	−4.86
ALNY Alnylam Pharmaceuticals Inc.	Sold out	0.00%	−4.70
SWTX Springworks Therapeutics Inc.	Sold out	0.00%	−3.83
ZBH Zimmer Biomet Holdings Inc.	Sold out	0.00%	−3.51
XENE Xenon Pharmaceuticals Inc.	Sold out	0.00%	−2.45
UBER Uber Technologies Inc.	Reduce -47.1%	7.03%	−1.71
LFST Lifestance Health Group Inc.	Sold out	0.00%	−1.29
GOOGL Alphabet Inc. Class A	Sold out	0.00%	−1.07
EWTX Edgewise Therapeutics Inc.	Sold out	0.00%	−0.82
GDX Vaneck Gold Miners ETF	Sold out	0.00%	−0.58
MLCO Melco Resorts & Entert-ADR	Reduce -45.8%	2.23%	−0.30
PFE Pfizer Inc.	Reduce -12.3%	5.84%	−0.03
NVO Novo-Nordisk A/S-Spons ADR	Reduce -14.2%	4.25%	+0.05
MASI Masimo Corp.	Reduce -14.4%	3.34%	+0.08
BBWI Bath & Body Works Inc.	Reduce -13.3%	5.31%	+0.09
WYNN WYNN Resorts Ltd.	Reduce -14.3%	3.70%	+0.46
CZR Caesars Entertainment Inc.	Reduce -6.4%	4.15%	+0.86
AMZN Amazon.com Inc.	Reduce -15.8%	6.92%	+0.91
FLUT Flutter Entertainment PLC-Di	Reduce -14.6%	4.13%	+0.97
MS Morgan Stanley	Reduce -18.1%	12.77%	+1.88

Portfolio Buys Q1 2025 → Q2 2025


NKE Nike Inc. Class B	New	4.99%	+4.99
C Citigroup Inc.	New	4.47%	+4.47
LLY Eli Lilly & Co.	New	3.36%	+3.36
MSFT Microsoft Corp.	Add +190.8%	3.61%	+2.82
MA Mastercard Inc. Class A	Add +287.9%	3.09%	+2.43
AORT Artivion Inc.	Add +106.2%	2.43%	+1.65
MSGS Madison Square Garden Sports	New	1.61%	+1.61
CMPS Compass Pathways PLC	New	0.24%	+0.24

Notes & Other Activity Q1 2025 → Q2 2025


SRZNW Surrozen Inc.-CW25	*W EXP 08/01/203	Reduce -5.3%	442,052	$8K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	23	$150.1M	MS, AMZN, TEVA, UNH, FLUT
Q1 2026	23	$128.0M	MS, AMZN, TEVA, FLUT, DXCM
Q4 2025	23	$155.5M	MS, AMZN, TEVA, NKE, ALC
Q3 2025	27	$185.6M	MS, AMZN, TEVA, NKE, UBER
Q2 2025	24	$169.5M	MS, UBER, AMZN, TEVA, PFE
Q1 2025	28	$201.1M	MS, VRTX, UBER, AMZN, PFE
Q4 2024	27	$186.1M	MS, UBER, VRTX, TEVA, PFE
Q3 2024	28	$199.9M	UBER, MS, VRTX, TEVA, ALNY
Q2 2024	27	$194.3M	LLY, UBER, VRTX, MS, TEVA
Q1 2024	30	$221.8M	UBER, LLY, TEVA, MS, VRTX