SCHEDULE 13G/A: Thrivent Financial Discloses 10.0% Passive Stake in Bridgewater Bancshares Inc.
Beneficial Ownership Disclosure
Thrivent Financial for Lutherans has filed an amended Schedule 13G, reporting a 10.0% beneficial ownership stake in Bridgewater Bancshares Inc. as of April 30, 2025.
Summary
- Thrivent Financial for Lutherans, a Wisconsin fraternal benefit society, reported beneficial ownership of 2,746,469 shares of Bridgewater Bancshares Inc. Common Stock.
- This ownership represents 10.0% of the total outstanding shares of Bridgewater Bancshares Inc.
- The percentage calculation is based on 27,439,946 shares of Common Stock outstanding as of April 29, 2025, as reported in Bridgewater Bancshares Inc.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.
- Thrivent Financial for Lutherans holds sole voting and dispositive power over 14,740 shares, for which it disclaims beneficial ownership, as these are held in the Thrivent Financial Defined Benefit Plan Trust.
- Shared voting and dispositive power is held over 2,731,729 shares, comprising 726,882 shares held by registered investment companies advised by Thrivent Financial for Lutherans, and 2,004,847 shares held by registered investment companies advised by Thrivent Asset Management, LLC, a wholly-owned subsidiary.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects. It is a routine regulatory filing.
Positives
- The disclosure of a significant 10.0% passive stake by a large institutional investor like Thrivent Financial for Lutherans may signal institutional confidence in Bridgewater Bancshares Inc.'s long-term prospects.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a stable, long-term investment perspective.
Risks
- Thrivent Financial for Lutherans disclaims beneficial ownership of 14,740 shares held in the Thrivent Financial Defined Benefit Plan Trust, which means they do not assert ownership rights over this specific portion of their reported holdings.
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing represents a standard disclosure by a large institutional investor, Thrivent Financial for Lutherans, regarding its passive ownership stake in a publicly traded banking institution, Bridgewater Bancshares Inc. Such disclosures are common in the financial services sector, providing transparency on significant shareholdings by investment advisers and other institutional entities.
Stakeholder Impact
- Shareholders: The disclosure provides transparency regarding a significant institutional shareholder, which can be viewed positively as it indicates a large, passive investment in the company.
Key Dates
| Date | Description |
|---|---|
| 04/29/2025 | Date on which 27,439,946 shares of Bridgewater Bancshares, Inc. Common Stock were outstanding, as reported in the Company's 10-Q. |
| 04/30/2025 | Date of event which required the filing of this Schedule 13G statement. |
| 05/01/2025 | Date Bridgewater Bancshares Inc.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, was filed with the SEC. |
| 05/06/2025 | Date the Schedule 13G Amendment No. 6 was signed and filed. |
Keywords
Bridgewater Bancshares Inc, Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Financial Services, Banking
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