Key Takeaways
- • Solus Alternative Asset Management LP reduced its Bristow Group (NYSE: VTOL) stake to 9.61% beneficial ownership, comprising 2,849,710 common shares as of the latest 13D filing under activist investor status.
- • The fund executed open-market sales totaling approximately $344,099 across two trading days in early September 2026: 15,000 shares on September 1 at $45.8547 weighted average price, and 12,045 shares on September 2 at $45.6831 weighted average price.
- • Solus Alternative Asset Management LP, Solus GP LLC, and Christopher Pucillo each reported sole or shared voting and dispositive power over the same 2,849,710-share position, indicating aligned ownership structure and governance within the activist investment group.
- • The ownership calculation is based on 29,642 thousand shares outstanding as of July 31, 2026, positioning Solus as a material shareholder in the helicopter services provider despite the recent stake reduction from prior levels.
Summary
Solus Alternative Asset Management LP has reduced its activist position in Bristow Group Inc. to 9.61% beneficial ownership, as disclosed in a recent 13D filing. The fund currently holds 2,849,710 common shares of the NYSE-listed helicopter services operator, representing a decrease from its prior stake level following deliberate open-market share sales conducted in early September 2026.
The divestment was executed across two separate trading sessions. On September 1, Solus sold 15,000 shares at a weighted average price of $45.8547 per share, with individual trades ranging between $45.75 and $46.00. The following day, September 2, an additional 12,045 shares were sold at a weighted average price of $45.6831, with prices spanning $45.60 to $45.85 per share. Combined, these transactions generated approximately $344,099 in proceeds.
The ownership disclosure indicates that Solus Alternative Asset Management LP, its general partner entity Solus GP LLC, and fund principal Christopher Pucillo each reported beneficial ownership of the identical 2,849,710-share position, reflecting unified voting and dispositive power arrangements. The 9.61% stake calculation is based on 29,642 thousand common shares outstanding as of July 31, 2026, establishing Solus as a meaningful but reduced stakeholder in Bristow Group. The continued activist 13D status suggests that despite trimming its position, Solus maintains engagement with the company and its governance structure.
The divestment was executed across two separate trading sessions. On September 1, Solus sold 15,000 shares at a weighted average price of $45.8547 per share, with individual trades ranging between $45.75 and $46.00. The following day, September 2, an additional 12,045 shares were sold at a weighted average price of $45.6831, with prices spanning $45.60 to $45.85 per share. Combined, these transactions generated approximately $344,099 in proceeds.
The ownership disclosure indicates that Solus Alternative Asset Management LP, its general partner entity Solus GP LLC, and fund principal Christopher Pucillo each reported beneficial ownership of the identical 2,849,710-share position, reflecting unified voting and dispositive power arrangements. The 9.61% stake calculation is based on 29,642 thousand common shares outstanding as of July 31, 2026, establishing Solus as a meaningful but reduced stakeholder in Bristow Group. The continued activist 13D status suggests that despite trimming its position, Solus maintains engagement with the company and its governance structure.
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