SCHEDULE: Thrivent Financial Boosts Bridgewater Bancshares Stake
Beneficial Ownership Report
Thrivent Financial for Lutherans has increased its beneficial ownership in Bridgewater Bancshares Inc. to 8.68% of common stock.
Summary
- Thrivent Financial for Lutherans reported beneficial ownership of 2,382,186 shares of Bridgewater Bancshares Inc. common stock.
- This represents 8.68% of the outstanding common stock, based on 27,439,946 shares outstanding as of April 29, 2025.
- The ownership includes 9,788 shares with sole voting and dispositive power, for which beneficial ownership is disclaimed by Thrivent Financial for Lutherans, as these shares are held in the Thrivent Financial Defined Benefit Plan Trust.
- An additional 2,372,398 shares are held with shared voting and dispositive power.
- The shared ownership comprises 566,140 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,806,258 shares held by registered investment companies advised by Thrivent Asset Management, LLC, a wholly-owned subsidiary.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's operational or financial performance.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment in Bridgewater Bancshares, a regional bank, by a large financial services organization. Such filings are common as investment advisers manage portfolios and adjust holdings based on market conditions and investment strategies.
Stakeholder Impact
- Increased institutional ownership by Thrivent Financial for Lutherans may signal confidence to other investors and potentially stabilize the stock price.
- The filing details the distribution of voting and dispositive power, clarifying the influence of Thrivent Financial for Lutherans over its holdings.
Key Dates
| Date | Description |
|---|---|
| 2025-03-31 | End of quarter for Bridgewater Bancshares Inc.'s Form 10-Q. |
| 2025-04-29 | Date as of which 27,439,946 common shares of Bridgewater Bancshares Inc. were outstanding. |
| 2025-05-01 | Date Bridgewater Bancshares Inc. filed its Quarterly Report on Form 10-Q for the quarter ending March 31, 2025. |
| 2025-06-30 | Date of event which requires filing of this statement (Amendment No. 7). |
| 2025-08-15 | Date of filing of this Schedule 13G Amendment No. 7. |
Keywords
Bridgewater Bancshares, Thrivent Financial, SEC Filing, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Financial Services, Bank Stock
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