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    Amendment: SEC Form SCHEDULE 13G/A filed by Bridgewater Bancshares Inc.

    5/6/25 2:31:53 PM ET
    $BWB
    Major Banks
    Finance
    Get the next $BWB alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 6)


    Bridgewater Bancshares Inc

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    108621103

    (CUSIP Number)


    04/30/2025

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox checked   Rule 13d-1(b)
    Checkbox not checked   Rule 13d-1(c)
    Checkbox not checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    108621103


    1Names of Reporting Persons

    THRIVENT FINANCIAL FOR LUTHERANS
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    WISCONSIN
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    14,740.00
    6Shared Voting Power

    2,731,729.00
    7Sole Dispositive Power

    14,740.00
    8Shared Dispositive Power

    2,731,729.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    2,746,469.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    10.0 %
    12Type of Reporting Person (See Instructions)

    IC, IA

    Comment for Type of Reporting Person:  Item 5, Item 7 and Item 9 - Thrivent Financial for Lutherans disclaims beneficial ownership of the 14,740 shares held in the Thrivent Financial Defined Benefit Plan Trust. Item 6, Item 8 and Item 9 - Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. Item 11 - The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the Securities and Exchange Commission on May 1, 2025, that there were 27,439,946 shares of Bridgewater Bancshares, Inc. Common Stock outstanding at April 29, 2025.


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    Bridgewater Bancshares Inc
    (b)Address of issuer's principal executive offices:

    4450 EXCELSIOR BLVD., 4450 EXCELSIOR BLVD., ST. LOUIS PARK, MINNESOTA, 55416.
    Item 2. 
    (a)Name of person filing:

    Thrivent Financial for Lutherans
    (b)Address or principal business office or, if none, residence:

    901 Marquette Avenue, Suite 2500 Minneapolis, MN 55402
    (c)Citizenship:

    Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society.
    (d)Title of class of securities:

    Common Stock
    (e)CUSIP No.:

    108621103
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    2,746,469 Thrivent Financial for Lutherans disclaims beneficial ownership of the 14,740 shares held in the Thrivent Financial Defined Benefit Plan Trust. Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.
    (b)Percent of class:

    10.009 The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the Securities and Exchange Commission on May 1, 2025, that there were 27,439,946 shares of Bridgewater Bancshares, Inc. Common Stock outstanding at April 29, 2025.
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    14,740 Thrivent Financial for Lutherans disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust.

     (ii) Shared power to vote or to direct the vote:

    2,731,729 Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.

     (iii) Sole power to dispose or to direct the disposition of:

    14,740 Thrivent Financial for Lutherans disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust.

     (iv) Shared power to dispose or to direct the disposition of:

    2,731,729 Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 8.Identification and Classification of Members of the Group.
     
    Not Applicable
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    THRIVENT FINANCIAL FOR LUTHERANS
     
    Signature:/s/ David S. Royal
    Name/Title:Chief Financial Officer
    Date:05/06/2025
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