Bridger Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Bridger Management, LLC reported 27 stock positions worth $185.6 million. Its top holding was Morgan Stanley (MS) at 13.2% of the portfolio, followed by Amazon.com (AMZN, 7.8%) and Teva Pharmaceutical-SP ADR (TEVA, 7.6%). Compared with Q2 2025, it opened 6 new positions, sold out of 3, added to 4 and reduced 3. The biggest buy was a new position in SPDR Gold Shares (GLD) and the biggest sale an exit from Pfizer (PFE).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001166309
Portfolio Value
$185.6M (Q3 2025)
SEC Filing
0001166309-25-000013 ↗ filed Nov 14, 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 Q1 2025 Q2 2025: $169.5M Q2 2025 Q3 2025: $185.6M $185.6M Q3 2025 Q4 2025: $155.5M Q4 2025 Q1 2026: $128.0M Q1 2026 Q2 2026: $150.1M Q2 2026

Holdings 27 stocks · $185.6M
MS Morgan Stanley 13.16% 153,693 $24.4M No change
AMZN Amazon.com Inc. 7.84% 66,271 $14.6M Add +23.9%
TEVA Teva Pharmaceutical-SP ADR 7.56% 695,000 $14.0M No change
NKE Nike Inc. Class B 5.96% 158,665 $11.1M Add +33.1%
UBER Uber Technologies Inc. 5.23% 99,029 $9.7M Reduce -22.5%
C Citigroup Inc. 4.86% 88,950 $9.0M No change
BBWI Bath & Body Works Inc. 4.17% 300,619 $7.7M No change
VRTX Vertex Pharmaceuticals Inc. 3.96% 18,778 $7.4M No change
MASI Masimo Corp. 3.80% 47,841 $7.1M Add +42.2%
IBIT iShares Bitcoin Trust ETF 3.63% 103,619 $6.7M Add +24.7%
CZR Caesars Entertainment Inc. 3.61% 247,851 $6.7M No change
MSFT Microsoft Corp. 3.43% 12,300 $6.4M No change
FLUT Flutter Entertainment PLC-Di 3.35% 24,484 $6.2M No change
GLD SPDR Gold Shares 3.26% 17,000 $6.0M New
NVO Novo-Nordisk A/S-Spons ADR 3.08% 103,000 $5.7M Reduce -1.3%
UNH Unitedhealth Group Inc. 3.06% 16,450 $5.7M New
AORT Artivion Inc. 3.02% 132,588 $5.6M No change
ALC Alcon Inc. filed as ALCON AG 2.88% 71,634 $5.3M New
MA Mastercard Inc. Class A 2.85% 9,310 $5.3M No change
MLCO Melco Resorts & Entert-ADR 2.58% 522,966 $4.8M No change
OSCR Oscar Health Inc. Class A 2.53% 248,280 $4.7M New
MSGS Madison Square Garden Sports 1.60% 13,072 $3.0M No change
GDX Vaneck Gold Miners ETF 1.56% 37,800 $2.9M New
DXCM Dexcom Inc. 1.52% 42,000 $2.8M New
TOST Toast Inc. Class A 0.79% 40,392 $1.5M Reduce -23.3%
CMPS Compass Pathways PLC 0.45% 147,209 $844K No change
NEXT Nextdecade Corp. 0.25% 67,837 $461K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $8K (not counted above)
SecurityClassShares / PrincipalValueChange
SRZNW Surrozen Inc.-CW25 *W EXP 08/01/203 442,052$8KNo change

Total filed on the 13F, all lines: $185.6M.

Portfolio Sells Q2 2025 → Q3 2025
PFE Pfizer Inc. Sold out 0.00% −5.84
WYNN WYNN Resorts Ltd. Sold out 0.00% −3.70
LLY Eli Lilly & Co. Sold out 0.00% −3.36
UBER Uber Technologies Inc. Reduce -22.5% 5.23% −1.81
NVO Novo-Nordisk A/S-Spons ADR Reduce -1.3% 3.08% −1.17
TOST Toast Inc. Class A Reduce -23.3% 0.79% −0.58

Portfolio Buys Q2 2025 → Q3 2025
GLD SPDR Gold Shares New 3.26% +3.26
UNH Unitedhealth Group Inc. New 3.06% +3.06
ALC Alcon Inc. New 2.88% +2.88
OSCR Oscar Health Inc. Class A New 2.53% +2.53
GDX Vaneck Gold Miners ETF New 1.56% +1.56
DXCM Dexcom Inc. New 1.52% +1.52
NKE Nike Inc. Class B Add +33.1% 5.96% +0.97
AMZN Amazon.com Inc. Add +23.9% 7.84% +0.92
IBIT iShares Bitcoin Trust ETF Add +24.7% 3.63% +0.63
MASI Masimo Corp. Add +42.2% 3.80% +0.46

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