SCHEDULE: South Dakota Investment Council Trims Bristow Group Stake

Sentiment:

Beneficial Ownership Update 23 October 2025 6:38 PM

South Dakota Investment Council reported a 10.6% beneficial ownership in Bristow Group Inc. after selling over 200,000 shares in the last 60 days.

Worse than expectedSouth Dakota Investment Council reduced its stake in Bristow Group Inc. by selling 204,054 shares over the past 60 days, which can be interpreted as a negative signal from a significant institutional investor.

Summary

South Dakota Investment Council holds 3,056,091 shares of Bristow Group Inc. Common Stock.
This represents 10.6% of the outstanding shares of Bristow Group Inc.
The ownership percentage is calculated based on 28,920,179 shares outstanding as of October 17, 2025, as provided by the Company.
The Reporting Person sold a total of 204,054 shares of Common Stock between August 25, 2025, and October 22, 2025.
The sales were effected in the open market at weighted average prices ranging from $38.0239 to $39.1181 per share.

Sentiment

Score: 4

Explanation: The reduction in beneficial ownership by a significant institutional investor, South Dakota Investment Council, could be perceived as a slightly negative signal for Bristow Group Inc.

Negatives

South Dakota Investment Council reduced its beneficial ownership in Bristow Group Inc. by selling 204,054 shares over the past 60 days.

Future Outlook

No forward-looking statements or guidance from Bristow Group Inc. are provided in this filing.

Industry Context

This filing, a Schedule 13D/A, primarily details changes in institutional ownership and does not provide specific operational or industry-related updates for Bristow Group Inc., which operates in the global industrial aviation services sector.

Stakeholder Impact

Shareholders: May interpret the reduction in institutional ownership as a negative signal, potentially influencing stock price or investor sentiment.

Key Dates

Date	Description
June 22, 2020	Initial Schedule 13D filed with the SEC.
August 7, 2025	Amendment No. 11 to Schedule 13D filed.
August 25, 2025	First reported transaction date (shares sold).
October 17, 2025	Date as of which 28,920,179 shares of Common Stock were outstanding.
October 22, 2025	Last reported transaction date (shares sold) and date of event requiring filing of this statement.
October 23, 2025	Form S-3ASR Registration Statement filed by the Company.
October 23, 2025	Date of filing of this Amendment No. 12.

Recommendation

hold

While a significant institutional investor has reduced its stake, this filing alone does not provide sufficient operational or financial data to warrant a strong buy or sell recommendation. It serves as a data point for investors to monitor institutional sentiment and consider in their broader analysis of Bristow Group Inc.

Keywords

Bristow Group Inc., South Dakota Investment Council, Schedule 13D, Common Stock, Share Ownership, Institutional Investor, Aviation Services

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