Bristow Group (NYSE: VTOL) investor reports 7.3% stake in latest 13D

Rhea-AI Filing Summary

South Dakota Investment Council filed Amendment No. 15 to its Schedule 13D on Bristow Group Inc., reporting beneficial ownership of 2,098,126 shares of common stock. This equals 7.3% of the class, based on 28,920,000 shares outstanding as of October 31, 2025.

The Council reports sole voting and dispositive power over all 2,098,126 shares. The amendment updates Items 5(a)-(c) of the prior filing, and notes that, except for transactions listed in Exhibit 1, there have been no additional trades in Bristow stock since the February 3, 2026 Amendment No. 14.

Insights

Equity ownership analyst

Amended 13D confirms a 7.3% Bristow stake with sole control.

South Dakota Investment Council reports holding 2,098,126 Bristow Group common shares, or 7.3% of the company, calculated on 28,920,000 shares outstanding as of October 31, 2025. It has sole voting and dispositive power over this entire position.

This is Amendment No. 15, updating earlier disclosures for events dated February 20, 2026. Except for transactions detailed in Exhibit 1, no additional trades occurred after Amendment No. 14 on February 3, 2026. The filing primarily refreshes ownership data rather than signaling a new strategic move.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 15)

Bristow Group Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

11040G103

(CUSIP Number)

Matthew L. Clark
4009 W 49th Street, Suite 300
Sioux Falls, SD, 57106
605-362-2820

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/20/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 11040G103

1

Name of reporting person

South Dakota Investment Council

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SOUTH DAKOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,098,126.00
8	Shared Voting Power
9	Sole Dispositive Power 2,098,126.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

2,098,126.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.3 %

14

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Bristow Group Inc.
(c)	Address of Issuer's Principal Executive Offices: 3151 BRIARPARK DRIVE, SUITE 700, HOUSTON, TEXAS , 77042.
Item 1 Comment: This Amendment No. 15 ( "Amendment No. 15") to Schedule 13D initially filed with the Securities and Exchange Commission (the "SEC") on June 22, 2020 (the "Schedule 13D") by South Dakota Investment Council (the "Reporting Person") relating to the shares of common stock, par value $0.01 per share (the "Common Stock") of Bristow Group Inc., a Delaware corporation (the "Issuer"), reflects changes to the information in the amendment to the Schedule 13D filed by the Reporting Person on February 3, 2026 ("Amendment No.14"). Except as otherwise indicated, capitalized terms used and not defined in this Amendment No. 15 shall have the meaning assigned to such term in the Schedule 13D. Except as otherwise provided herein, each item of the Schedule 13D remains unchanged.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: (a) - (b) The responses of the Reporting Person with respect to Rows 11, 12 and 13 of the cover pages of this Schedule 13D that relate to the aggregate number and percentage of shares of Common Stock are incorporated herein by reference. The responses of the Reporting Person with respect to Rows 7, 8, 9 and 10 of the cover pages of this Schedule 13D that relate to the aggregate number of shares of Common Stock as to which the Reporting Person referenced in Item 2 above has sole or shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition are incorporated herein by reference. The aggregate percentage of shares of Common Stock reported as beneficially owned by the Reporting Person was calculated based on 28,920,000 shares of Common Stock issued and outstanding as of October 31, 2025, as provided by the Company, based on the Quarterly Report on Form 10-Q filed by the Company on November 5, 2025.
(c)	Except as disclosed in Exhibit 1 of this Schedule 13D, there have been no transactions with respect to the Common Stock since the filing of the Amendment No.14 on February 3, 2026 by the Reporting Person.
(d)	None.
(e)	Not applicable.

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.

South Dakota Investment Council

Signature:	/s/ Matthew L. Clark
Name/Title:	State Investment Officer
Date:	02/23/2026

FAQ

What ownership stake does South Dakota Investment Council report in Bristow Group Inc. (VTOL)?

South Dakota Investment Council reports beneficial ownership of 2,098,126 Bristow Group common shares, representing 7.3% of the outstanding stock. This percentage is based on 28,920,000 shares outstanding as of October 31, 2025, as disclosed in Bristow’s Form 10-Q.

How much voting power does South Dakota Investment Council have in Bristow Group Inc. (VTOL)?

The Council reports sole voting power over all 2,098,126 Bristow Group common shares it holds. It also has sole dispositive power over the same number of shares, meaning it alone can decide how to vote and whether to sell those shares.

What is the reference share count used to calculate South Dakota Investment Council’s 7.3% VTOL stake?

The 7.3% ownership figure is calculated using 28,920,000 Bristow Group common shares outstanding as of October 31, 2025. That share count comes from Bristow’s Quarterly Report on Form 10-Q filed with the SEC on November 5, 2025.

Does the Amendment No. 15 filing for Bristow Group Inc. (VTOL) disclose recent trading by South Dakota Investment Council?

The filing states there have been no transactions in Bristow common stock since Amendment No. 14 on February 3, 2026, except those listed in Exhibit 1. Any additional trading activity would be detailed specifically within that referenced exhibit.

What is the purpose of Amendment No. 15 to South Dakota Investment Council’s Schedule 13D on Bristow Group Inc. (VTOL)?

Amendment No. 15 updates Items 5(a)-(c) of the existing Schedule 13D to reflect current ownership and control over Bristow shares. It confirms the 7.3% stake and clarifies the Council’s sole voting and dispositive power over 2,098,126 common shares.