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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
VELA Investment Management, LLC4,233$248.1K0.07%+4,233New
Mackenzie Financial Corp4,253$249.3K0.00%−22,488−84.1%Reduced
J.W. Cole Advisors, Inc.4,275$250.5K0.00%−13−0.3%Reduced
Sterling Capital Management LLC4,275$250.6K0.00%−7,668−64.2%Reduced
Brighton Jones LLC4,322$253.3K0.01%+4,322New
IFM Investors Pty Ltd4,415$256.2K0.00%00.0%Unchanged
Virtu Financial LLC4,400$258.0K0.01%−607−12.1%Reduced
Phillips Wealth Planners LLC4,460$259.2K0.22%+4,460New
Everence Capital Management Inc4,521$265.0K0.02%+4,521New
Covestor Ltd4,542$266.0K0.15%+4,538+113,450.0%Added
Securian Asset Management, Inc4,549$266.6K0.01%−86−1.9%Reduced
Pathstone Holdings, LLC4,738$277.7K0.00%+4,738New
Fiduciary Trust Co4,810$281.9K0.00%00.0%Unchanged
UMA Financial Services, Inc.4,825$282.8K0.04%+46+1.0%Added
CIBC Private Wealth Group, LLC4,887$286.4K0.00%+141+3.0%Added
Bokf, NA4,995$292.8K0.00%+23+0.5%Added
O'Shaughnessy Asset Management, LLC5,191$304.2K0.00%−1,582−23.4%Reduced
Hennion & Walsh Asset Management, Inc.5,335$312.7K0.01%+5,335New
MAI Capital Management5,409$317.0K0.00%−3−0.1%Reduced
Crewe Advisors LLC5,796$339.7K0.03%+65+1.1%Added
Quantbot Technologies LP5,918$346.9K0.01%+5,782+4,251.5%Added
Tower Research Capital LLC (TRC)6,072$355.9K0.01%−1,076−15.1%Reduced
Atria Investments LLC6,128$359.2K0.00%−4,969−44.8%Reduced
Sivia Capital Partners, LLC6,135$359.6K0.10%+1,646+36.7%Added
Polymer Capital Management (US) LLC6,157$360.9K0.05%+6,157New
Public Employees Retirement Association of Colorado6,157$361.0K0.00%00.0%Unchanged
Bridgefront Capital, LLC6,331$371.1K0.11%−77−1.2%Reduced
Susquehanna International Group, LLP6,384$374.2K0.00%−76,485−92.3%Reduced
Headlands Technologies LLC6,423$376.5K0.03%+6,423New
CIBC Bancorp USA Inc.6,581$385.7K0.00%+6,581New
Advisory Services Network, LLC6,763$396.4K0.01%+224+3.4%Added
Quadrant Capital Group LLC6,919$405.5K0.01%+1,088+18.7%Added
Two Sigma Securities, LLC6,957$407.8K0.06%−7,813−52.9%Reduced
Jeppson Wealth Management, LLC6,957$407.8K0.13%−400−5.4%Reduced
Intrua Financial, LLC7,111$416.7K0.05%+386+5.7%Added
Resona Asset Management Co.,Ltd.7,172$420.4K0.00%+427+6.3%Added
Jacobi Capital Management LLC7,242$424.5K0.03%+297+4.3%Added
Henshaw Capital LLC7,654$448.6K0.02%−2,845−27.1%Reduced
Prelude Capital Management, LLC7,824$458.6K0.04%+7,824New
State of Alaska, Department of Revenue8,452$495.0K0.01%+1,563+22.7%Added
Xponance, Inc.8,678$508.6K0.00%−7−0.1%Reduced
Spirit of America Management Corp8,700$509.9K0.10%+1,550+21.7%Added
Marshall Wace, LLP8,954$524.8K0.00%−43,817−83.0%Reduced
JustInvest LLC8,960$525.1K0.01%+1,090+13.9%Added
Infrastructure Capital Advisors, LLC8,838$527.4K0.07%+128+1.5%Added
Quantinno Capital Management LP9,133$535.3K0.00%+4,223+86.0%Added
Commerce Bank9,138$535.6K0.00%−590−6.1%Reduced
Federation des caisses Desjardins du Quebec9,282$544.0K0.00%+1,006+12.2%Added
Meeder Advisory Services, Inc.9,426$552.5K0.03%−708−7.0%Reduced
Prudential Financial Inc9,532$558.7K0.00%−116,870−92.5%Reduced
Oppenheimer Asset Management Inc.10,016$587.0K0.01%−287−2.8%Reduced
Bailard, Inc.10,100$592.0K0.01%+1,300+14.8%Added
Private Advisor Group, LLC10,280$602.5K0.00%−9−0.1%Reduced
Vaughan & Co Securities, Inc.10,285$602.8K0.32%−1,922−15.7%Reduced
Assenagon Asset Management S.A.10,462$613.2K0.00%+259+2.5%Added
Zacks Investment Management10,581$620.2K0.00%−233−2.2%Reduced
CSM Advisors, LLC10,636$624.0K0.02%+20.0%Added
Cetera Investment Advisers11,254$659.6K0.00%+715+6.8%Added
XTX Topco Ltd11,680$684.6K0.04%−448−3.7%Reduced
Pictet Asset Management Holding SA11,772$690.0K0.00%00.0%Unchanged
New Mexico Educational Retirement Board11,800$692.0K0.02%00.0%Unchanged
Huber Capital Management LLC12,062$707.0K0.11%−8,080−40.1%Reduced
US Bancorp12,309$721.4K0.00%−190−1.5%Reduced
Oregon Public Employees Retirement Fund12,410$727.4K0.01%−200−1.6%Reduced
Mercer Global Advisors Inc12,725$745.8K0.00%+12,725New
Hager Investment Management Services, LLC13,532$793.1K0.43%+1,782+15.2%Added
Northwestern Mutual Investment Management Company, LLC13,684$802.0K0.01%−20−0.1%Reduced
LPL Financial LLC14,065$824.4K0.00%+1,362+10.7%Added
Wealth Enhancement Advisory Services, LLC14,024$825.8K0.00%+7,911+129.4%Added
Vestcor Inc14,096$826.0K0.02%−534−3.7%Reduced
Water Island Capital LLC14,303$838.3K0.12%+14,303New
Zurcher Kantonalbank (Zurich Cantonalbank)14,381$842.9K0.00%+1,084+8.2%Added
State of Michigan Retirement System14,628$857.3K0.00%−100−0.7%Reduced
Hennessy Advisors Inc14,798$867.3K0.03%−3,200−17.8%Reduced
Captrust Financial Advisors14,918$874.4K0.00%+4,650+45.3%Added
Teacher Retirement System of Texas15,068$883.1K0.00%−17,517−53.8%Reduced
Guggenheim Capital LLC15,920$933.1K0.01%+1,602+11.2%Added
Engineers Gate Manager LP16,057$941.1K0.01%−31,291−66.1%Reduced
Ameritas Investment Partners, Inc.16,666$976.8K0.03%−1,638−8.9%Reduced
BNP Paribas Arbitrage, SA16,731$980.6K0.00%−10,170−37.8%Reduced
State Board of Administration of Florida Retirement System16,886$989.7K0.00%−44−0.3%Reduced
Balyasny Asset Management LLC16,902$990.6K0.00%+16,902New
Louisiana State Employees Retirement System17,100$1.00M0.02%−200−1.2%Reduced
Sequoia Financial Advisors, LLC17,551$1.03M0.01%+10,794+159.7%Added
Mariner, LLC17,694$1.04M0.00%+308+1.8%Added
Police & Firemen's Retirement System of New Jersey17,758$1.04M0.01%+3,566+25.1%Added
First Citizens Bank & Trust Co17,767$1.04M0.02%+405+2.3%Added
Arizona State Retirement System18,156$1.06M0.01%+269+1.5%Added
Brevan Howard Capital Management LP18,427$1.08M0.02%−71,893−79.6%Reduced
STRS Ohio18,600$1.09M0.00%+14,900+402.7%Added
Pacer Advisors, Inc.18,766$1.10M0.00%+18,766New
Teachers Retirement System of the State of Kentucky18,922$1.11M0.01%00.0%Unchanged
Caxton Associates LLP19,057$1.12M0.03%+19,057New
New York State Common Retirement Fund19,320$1.13M0.00%+200+1.0%Added
Yousif Capital Management, LLC19,329$1.13M0.01%−1,214−5.9%Reduced
Susquehanna Portfolio Strategies, LLC19,555$1.15M0.02%−30,317−60.8%Reduced
Envestnet Portfolio Solutions, Inc.19,662$1.15M0.00%−1,186−5.7%Reduced
State of Tennessee, Treasury Department19,882$1.17M0.00%00.0%Unchanged
Diametric Capital, LP20,000$1.17M0.43%+20,000New
Squarepoint Ops LLC20,776$1.22M0.00%−18,960−47.7%Reduced