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NorthWestern Energy Group, Inc.

NWE
Exchange
Nasdaq
Industry
Electric & Other Services Combined
SEC CIK
0001993004

No open-market purchases or sales by NorthWestern Energy Group, Inc. insiders were filed in the last 90 days; 376 institutions reported holding it in 13F filings for Q2 2026, worth $4.21B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in NorthWestern Energy Group, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
329
−1 vs. Q2 2025
Shares held
57.6M
−2.13M (−3.6%) vs. Q2 2025
Total value
$3.37B
+$306.0M (+10.0%) vs. Q2 2025
New holders
50
129 more added
Sold out
51
116 more reduced

5 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NWE on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 329 institutions
Q1 2021: 251 institutionsQ2 2021: 262 institutionsQ3 2021: 265 institutionsQ4 2021: 281 institutionsQ1 2022: 275 institutionsQ2 2022: 280 institutionsQ3 2022: 287 institutionsQ4 2022: 301 institutionsQ1 2023: 291 institutionsQ2 2023: 290 institutionsQ3 2023: 274 institutionsQ4 2023: 278 institutionsQ1 2024: 302 institutionsQ2 2024: 298 institutionsQ3 2024: 313 institutionsQ4 2024: 323 institutionsQ1 2025: 344 institutionsQ2 2025: 335 institutionsQ3 2025: 329 institutionsQ4 2025: 358 institutionsQ1 2026: 373 institutionsQ2 2026: 376 institutions
Value heldQ3 2025: $3.37B
Q1 2021: $3.13BQ2 2021: $2.90BQ3 2021: $2.82BQ4 2021: $3.27BQ1 2022: $3.47BQ2 2022: $3.37BQ3 2022: $2.78BQ4 2022: $3.38BQ1 2023: $3.37BQ2 2023: $3.31BQ3 2023: $2.85BQ4 2023: $3.05BQ1 2024: $3.00BQ2 2024: $2.95BQ3 2024: $3.38BQ4 2024: $3.22BQ1 2025: $3.43BQ2 2025: $3.11BQ3 2025: $3.37BQ4 2025: $3.86BQ1 2026: $3.94BQ2 2026: $4.21B
Institutions holding NWE and their total value by quarter
QuarterHoldersValue
Q2 2026376$4.21B
Q1 2026373$3.94B
Q4 2025358$3.86B
Q3 2025329$3.37B
Q2 2025335$3.11B
Q1 2025344$3.43B
Q4 2024323$3.22B
Q3 2024313$3.38B
Q2 2024298$2.95B
Q1 2024302$3.00B
Q4 2023278$3.05B
Q3 2023274$2.85B
Q2 2023290$3.31B
Q1 2023291$3.37B
Q4 2022301$3.38B
Q3 2022287$2.78B
Q2 2022280$3.37B
Q1 2022275$3.47B
Q4 2021281$3.27B
Q3 2021265$2.82B
Q2 2021262$2.90B
Q1 2021251$3.13B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding NorthWestern Energy Group, Inc.; share changes are against Q2 2025.

Institutions holding NWE in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.8,427,244$493.9M0.01%−318,984−3.6%Reduced
Vanguard Group Inc6,695,664$392.4M0.01%−255,350−3.7%Reduced
American Century Companies Inc2,968,816$174.0M0.09%+16,602+0.6%Added
State Street Corp2,622,967$153.7M0.01%+28,482+1.1%Added
River Road Asset Management, LLC2,291,490$134.3M1.50%−7,663−0.3%Reduced
Geode Capital Management, LLC1,625,762$95.3M0.01%+48,297+3.1%Added
Franklin Resources Inc1,338,278$78.4M0.02%+4,261+0.3%Added
Neuberger Berman Group LLC1,268,440$74.3M0.05%−5,559−0.4%Reduced
Macquarie Group Ltd1,185,751$69.5M0.08%−123,240−9.4%Reduced
Systematic Financial Management LP1,176,980$69.0M1.68%+31,671+2.8%Added
AQR Capital Management LLC1,147,269$67.2M0.04%+471,125+69.7%Added
FMR LLC1,123,183$65.8M0.00%−84,296−7.0%Reduced
Dimensional Fund Advisors LP1,010,359$59.2M0.01%−3,681−0.4%Reduced
Westwood Holdings Group Inc.981,250$57.5M0.41%−137,400−12.3%Reduced
Bank of New York Mellon Corp861,330$50.5M0.01%−11,842−1.4%Reduced
Bank of America Corp855,585$50.1M0.00%−366,791−30.0%Reduced
Charles Schwab Investment Management Inc838,789$49.2M0.01%−16,261−1.9%Reduced
First Trust Advisors LP832,389$48.8M0.04%−81,522−8.9%Reduced
Invesco Ltd.817,838$47.9M0.01%+21,380+2.7%Added
Northern Trust Corp811,749$47.6M0.01%−4,796−0.6%Reduced
ProShare Advisors LLC794,913$46.6M0.10%+100,381+14.5%Added
Morgan Stanley788,961$46.2M0.00%−75,787−8.8%Reduced
Nuveen, LLC654,536$38.4M0.01%−41,687−6.0%Reduced
Massachusetts Financial Services Co646,893$37.9M0.01%−206,339−24.2%Reduced
Victory Capital Management Inc641,440$37.6M0.02%−149,351−18.9%Reduced
Royal Bank of Canada613,246$35.9M0.01%+595,658+3,386.7%Added
GW&K Investment Management, LLC605,265$35.5M0.31%−17,370−2.8%Reduced
Raymond James Financial Inc561,930$32.9M0.01%+88,887+18.8%Added
Fuller & Thaler Asset Management, Inc.550,283$32.3M0.11%+803+0.1%Added
Gabelli Funds LLC546,200$32.0M0.22%00.0%Unchanged
Boston Partners525,581$30.8M0.03%+450,039+595.7%Added
Thrivent Financial for Lutherans488,885$28.7M0.06%+34,892+7.7%Added
Qube Research & Technologies Ltd470,819$27.6M0.04%+41,335+9.6%Added
William Blair Investment Management, LLC456,220$26.7M0.07%−27,654−5.7%Reduced
Citigroup Inc430,361$25.2M0.02%+397,544+1,211.4%Added
Legal & General Group Plc319,198$18.7M0.00%−14,425−4.3%Reduced
JPMorgan Chase & Co318,669$18.7M0.00%+22,365+7.5%Added
Mirae Asset Global ETFs Holdings Ltd.313,631$18.4M0.03%+4,080+1.3%Added
MetLife Investment Management291,340$17.1M0.08%−3,227−1.1%Reduced
Gamco Investors, Inc. Et Al273,350$16.0M0.16%00.0%Unchanged
Bridgewater Associates, LP264,141$15.5M0.06%+11,388+4.5%Added
Russell Investments Group, Ltd.253,899$14.9M0.02%+52,271+25.9%Added
Goldman Sachs Group Inc242,514$14.2M0.00%+25,776+11.9%Added
Hotchkis & Wiley Capital Management LLC231,051$13.5M0.04%+19,072+9.0%Added
Ancora Advisors, LLC226,075$13.3M0.27%+6,690+3.0%Added
Rhumbline Advisers217,618$12.8M0.01%−4,192−1.9%Reduced
Brandywine Global Investment Management, LLC205,038$12.0M0.08%−7,437−3.5%Reduced
Alliancebernstein L.P.201,767$11.8M0.00%+83,541+70.7%Added
Magnetar Financial LLC195,522$11.5M0.07%+186,499+2,066.9%Added
Jane Street Group, LLC179,259$10.5M0.01%+496+0.3%Added
Principal Financial Group Inc164,895$9.66M0.00%−105,729−39.1%Reduced
Barclays PLC142,094$8.33M0.00%−12,322−8.0%Reduced
UBS Asset Management Americas Inc131,830$7.73M0.00%−67,454−33.8%Reduced
Mutual of America Capital Management LLC130,287$7.64M0.08%−6,733−4.9%Reduced
Kintayl Capital LP129,994$7.62M5.23%+129,994New
New York Life Investment Management LLC129,078$7.57M0.07%+129,078New
UBS Group AG122,054$7.15M0.00%−1,004,302−89.2%Reduced
Ameriprise Financial Inc121,897$7.14M0.00%−16,287−11.8%Reduced
Advisors Asset Management, Inc.121,836$7.14M0.12%+13,886+12.9%Added
South Dakota Investment Council119,111$6.98M0.14%−3,200−2.6%Reduced
Swiss National Bank118,983$6.97M0.00%+1,900+1.6%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys116,263$6.81M0.03%−2,094−1.8%Reduced
Yaupon Capital Management LP115,686$6.78M0.35%−6,728−5.5%Reduced
First PREMIER Bank110,996$6.50M1.48%−3,036−2.7%Reduced
Aventail Capital Group, LP110,292$6.46M0.31%−64,292−36.8%Reduced
Deutsche Bank AG103,563$6.07M0.00%+30,253+41.3%Added
Mairs & Power Inc89,037$5.22M0.05%−13,891−13.5%Reduced
Meritage Portfolio Management87,644$5.14M0.34%−5,302−5.7%Reduced
First Manhattan Co86,449$5.07M0.01%−2,195−2.5%Reduced
Great West Life Assurance Co81,425$4.73M0.01%+4,215+5.5%Added
Oliver Luxxe Assets LLC77,623$4.55M0.72%+3,368+4.5%Added
Conning Inc.77,076$4.52M0.15%00.0%Unchanged
Wedge Capital Management L L P75,584$4.43M0.08%−12,222−13.9%Reduced
New York State Teachers Retirement System75,335$4.42M0.01%−140−0.2%Reduced
Retirement Systems of Alabama74,228$4.35M0.01%−792−1.1%Reduced
Federated Hermes, Inc.73,265$4.29M0.01%−30.0%Reduced
Verition Fund Management LLC71,517$4.19M0.02%+25,363+55.0%Added
Connor, Clark & Lunn Investment Management Ltd.70,811$4.15M0.01%−57,750−44.9%Reduced
Millennium Management LLC70,037$4.10M0.00%+8,244+13.3%Added
Wells Fargo & Company67,881$3.98M0.00%+3,335+5.2%Added
Commonwealth Equity Services, LLC64,460$3.78M0.00%+4,994+8.4%Added
Comerica Bank62,599$3.67M0.01%+2,722+4.5%Added
Deroy & Devereaux Private Investment Counsel Inc62,095$3.64M0.18%−925−1.5%Reduced
California State Teachers Retirement System60,878$3.57M0.00%+30.0%Added
Grantham, Mayo, Van Otterloo & Co. LLC58,698$3.44M0.01%+58,698New
Ieq Capital, LLC57,387$3.36M0.01%+44,264+337.3%Added
Price T Rowe Associates Inc57,044$3.34M0.00%−76,247−57.2%Reduced
Maryland State Retirement & Pension System56,910$3.34M0.07%+1,595+2.9%Added
Envestnet Asset Management Inc56,345$3.30M0.00%+967+1.7%Added
SEI Investments Co56,305$3.30M0.00%+1,837+3.4%Added
Mathes Company, Inc.55,480$3.25M1.17%+275+0.5%Added
Manufacturers Life Insurance Company, The54,199$3.18M0.00%−11,868−18.0%Reduced
Citadel Advisors LLC52,489$3.08M0.00%−38,627−42.4%Reduced
North Star Investment Management Corp.50,431$2.96M0.19%+816+1.6%Added
Martingale Asset Management L P50,144$2.94M0.07%+350+0.7%Added
Magellan Asset Management Ltd50,139$2.94M0.03%+2,289+4.8%Added
Nisa Investment Advisors, LLC46,390$2.72M0.01%−5,762−11.0%Reduced
Weiss Asset Management LP45,137$2.65M0.04%+45,137New
Voloridge Investment Management, LLC42,989$2.52M0.01%−51,649−54.6%Reduced
Lesa Sroufe & Co39,731$2.33M1.88%+75+0.2%Added