VTOL.NYSEBristow Group INC

SCHEDULE: South Dakota Investment Council Trims Bristow Stake

Sentiment:

Beneficial Ownership Amendment

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South Dakota Investment Council has reduced its beneficial ownership in Bristow Group Inc. to 7.3% through recent open market sales.

Worse than expectedSouth Dakota Investment Council, a significant institutional investor, reduced its beneficial ownership in Bristow Group Inc. to 7.3% of outstanding shares.The investor sold a total of 297,072 shares in the open market over several transactions in February 2026, indicating a divestment.

Summary

  • South Dakota Investment Council (the "Reporting Person") filed Amendment No. 15 to its Schedule 13D regarding its holdings in Bristow Group Inc. (the "Issuer").
  • The amendment reflects changes in the Reporting Person's beneficial ownership of Bristow Group Inc. Common Stock since the previous Amendment No. 14 filed on February 3, 2026.
  • The Reporting Person now beneficially owns 2,098,126 shares of Common Stock, which represents 7.3% of the Issuer's outstanding shares.
  • This percentage is calculated based on 28,920,000 shares of Common Stock issued and outstanding as of October 31, 2025, as reported by the Company in its Quarterly Report on Form 10-Q filed on November 5, 2025.
  • Since the filing of Amendment No. 14, the Reporting Person sold a total of 297,072 shares of Common Stock in open market transactions between February 6, 2026, and February 20, 2026.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal, as a significant institutional investor reducing its stake can indicate a lack of conviction or a strategic shift away from the company.

Negatives

  • South Dakota Investment Council reduced its beneficial ownership in Bristow Group Inc. to 7.3% of the outstanding shares.
  • The Reporting Person sold 297,072 shares of Common Stock in open market transactions between February 6, 2026, and February 20, 2026, at weighted average prices ranging from $45.0213 to $46.5568 per share.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a reduction in stake by a significant institutional investor like the South Dakota Investment Council could signal a re-evaluation of the investment's prospects or a portfolio rebalancing, potentially impacting investor sentiment for Bristow Group Inc. within the aerospace and defense services sector.

Stakeholder Impact

  • Shareholders: May perceive the reduction in institutional ownership as a negative signal, potentially leading to downward pressure on the stock price due to decreased institutional support.

Key Dates

DateDescription
06/22/2020Initial Schedule 13D filing date by South Dakota Investment Council.
10/31/2025Date as of which 28,920,000 shares of Common Stock were issued and outstanding, used for percentage calculation.
11/05/2025Date Bristow Group Inc. filed its Quarterly Report on Form 10-Q.
02/03/2026Date Amendment No. 14 to the Schedule 13D was filed by the Reporting Person.
02/06/2026First reported transaction date: sale of 67,249 shares at a weighted average price of $45.0550.
02/09/2026Sale of 63,003 shares at a weighted average price of $45.1978.
02/10/2026Sale of 1,000 shares at a weighted average price of $45.0281.
02/11/2026Sale of 64,604 shares at a weighted average price of $45.4540.
02/12/2026Sale of 2,183 shares at a weighted average price of $45.4170.
02/13/2026Sale of 975 shares at a weighted average price of $45.0213.
02/18/2026Sale of 32,836 shares at a weighted average price of $45.9188.
02/19/2026Sale of 57,000 shares at a weighted average price of $46.4170.
02/20/2026Last reported transaction date: sale of 9,222 shares at a weighted average price of $46.5568.
02/20/2026Date of event which requires the filing of this statement.
02/23/2026Signature date of Amendment No. 15.

Recommendation

sell

The reduction in stake by a major institutional investor like the South Dakota Investment Council, evidenced by significant open market sales, suggests a loss of confidence or a strategic divestment. This action by a sophisticated investor could signal potential headwinds or a re-evaluation of Bristow Group Inc.'s future prospects, making it prudent for other investors to consider reducing their exposure.

Keywords

Bristow Group Inc., South Dakota Investment Council, Schedule 13D, beneficial ownership, common stock, institutional investor, share sales

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