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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, Q4 2025

Institutional positions in NorthWestern Energy Group, Inc. as of Dec 31, 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
358
+33 vs. Q3 2025
Shares held
59.8M
+2.24M (+3.9%) vs. Q3 2025
Total value
$3.86B
+$485.8M (+14.4%) vs. Q3 2025
New holders
57
137 more added
Sold out
24
121 more reduced

4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 358 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 heldQ4 2025: $3.86B
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, Q4 2025

Shares, value and share of portfolio for each institution holding NorthWestern Energy Group, Inc.; share changes are against Q3 2025.

Institutions holding NWE in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Covestor Ltd3$00.00%−4,539−99.9%Reduced
Anchor Investment Management, LLC1$690.00%00.0%Unchanged
Dunhill Financial, LLC1$740.00%+1New
Hughes Financial Services, LLC2$1290.00%+2New
American Capital Advisory, LLC2$1300.00%+2New
HFM Investment Advisors, LLC3$1940.00%00.0%Unchanged
Godfrey Financial Associates, Inc.4$2580.00%+4New
Manchester Capital Management LLC4$2590.00%+4New
Bogart Wealth, LLC5$3220.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC6$3870.00%+2+50.0%Added
DiNuzzo Private Wealth, Inc.7$4520.00%00.0%Unchanged
WPG Advisers, LLC9$5810.00%00.0%Unchanged
International Assets Investment Management, LLC10$6450.00%+10New
Rialto Wealth Management, LLC13$8400.00%00.0%Unchanged
SJS Investment Consulting Inc.13$8400.00%+8+160.0%Added
Cornerstone Planning Group LLC14$9310.00%−47−77.0%Reduced
Capital Advisors, Ltd. LLC20$1.00K0.00%00.0%Unchanged
Cornerstone Financial Management LLC17$1.10K0.00%+17New
Caldwell Trust Co18$1.16K0.00%00.0%Unchanged
Keating Financial Advisory Services, Inc.20$1.29K0.00%+20New
Bare Financial Services, Inc21$1.35K0.00%+9+75.0%Added
JFS Wealth Advisors, LLC23$1.49K0.00%+14+155.6%Added
Fortitude Family Office, LLC28$1.81K0.00%00.0%Unchanged
Strive Financial Group ,LLC31$2.00K0.00%+31New
Atlantic Union Bankshares Corp33$2.13K0.00%+12+57.1%Added
Millstone Evans Group, LLC35$2.26K0.00%00.0%Unchanged
SageView Advisory Group, LLC50$3.23K0.00%+50New
SRS Capital Advisors, Inc.51$3.29K0.00%−24,434−99.8%Reduced
Farmers & Merchants Investments Inc55$3.55K0.00%00.0%Unchanged
Quent Capital, LLC56$3.61K0.00%+25+80.6%Added
Massmutual Trust Co FSB58$3.74K0.00%00.0%Unchanged
C M Bidwell & Associates Ltd68$4.39K0.00%00.0%Unchanged
LRI Investments, LLC68$4.39K0.00%00.0%Unchanged
Wealth Preservation Advisors, LLC75$4.84K0.00%−10−11.8%Reduced
BFSG, LLC77$4.97K0.00%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.81$5.23K0.00%+81New
Sunbelt Securities, Inc.83$5.36K0.00%+8+10.7%Added
Wealth Watch Advisors, INC84$5.42K0.00%00.0%Unchanged
Bartlett & Co. Wealth Management LLC102$6.58K0.00%00.0%Unchanged
Private Wealth Management Group, LLC107$6.91K0.00%00.0%Unchanged
True Wealth Design, LLC113$7.26K0.00%+37+48.7%Added
Root Financial Partners, LLC122$7.87K0.00%+20+19.6%Added
Bell Investment Advisors, Inc126$8.13K0.00%−87−40.8%Reduced
Tucker Asset Management LLC131$8.46K0.00%+131New
Brown Brothers Harriman & Co150$9.68K0.00%+150New
Northwestern Mutual Wealth Management Co174$11.2K0.00%+126+262.5%Added
Sound Income Strategies, LLC167$11.5K0.00%+63+60.6%Added
Eurizon Capital SGR S.p.A.198$12.8K0.00%+198New
Clearstead Advisors, LLC217$14.0K0.00%−311−58.9%Reduced
GHP Investment Advisors, Inc.223$14.4K0.00%00.0%Unchanged
Huntington National Bank236$15.2K0.00%−8−3.3%Reduced
Larson Financial Group LLC245$15.8K0.00%+117+91.4%Added
SBI Securities Co., Ltd.272$17.6K0.00%+23+9.2%Added
Smartleaf Asset Management LLC279$18.1K0.00%+117+72.2%Added
Ronald Blue Trust, Inc.291$18.8K0.00%+3+1.0%Added
Parkside Financial Bank & Trust294$19.0K0.00%00.0%Unchanged
Bessemer Group Inc288$19.0K0.00%+111+62.7%Added
Los Angeles Capital Management LLC330$19.8K0.00%+330New
Harbor Capital Advisors, Inc.328$21.0K0.00%−6−1.8%Reduced
Versant Capital Management, Inc403$26.0K0.00%+38+10.4%Added
IFP Advisors, Inc455$29.4K0.00%+267+142.0%Added
DV Trading LLC499$32.2K0.00%+499New
Central Trust Co500$32.3K0.00%−1,000−66.7%Reduced
Fifth Third Bancorp578$37.3K0.00%+15+2.7%Added
Steward Partners Investment Advisory, LLC625$40.3K0.00%+5+0.8%Added
Optiver Holding B.V.691$44.6K0.00%+318+85.3%Added
Allworth Financial LP868$56.0K0.00%+432+99.1%Added
Signaturefd, LLC879$56.7K0.00%+195+28.5%Added
First Horizon Corp919$59.3K0.00%+503+120.9%Added
Torren Management, LLC936$60.4K0.03%+936New
Nomura Asset Management Co Ltd940$60.7K0.00%00.0%Unchanged
AdvisorNet Financial, Inc965$62.3K0.00%+48+5.2%Added
Bayforest Capital Ltd983$63.4K0.05%+824+518.2%Added
Hussman Strategic Advisors, Inc.1,000$64.5K0.02%00.0%Unchanged
Assetmark, Inc1,034$66.7K0.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd1,066$68.8K0.02%+601+129.2%Added
Front Row Advisors LLC1,135$73.3K0.02%00.0%Unchanged
Hantz Financial Services, Inc.1,145$74.0K0.00%+342+42.6%Added
Westfuller Advisors, LLC1,165$75.2K0.03%−13−1.1%Reduced
Jones Financial Companies LLLP1,197$77.3K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.1,280$82.6K0.00%+1,033+418.2%Added
V-Square Quantitative Management LLC1,345$86.8K0.01%+1,345New
Triumph Capital Management1,380$89.1K0.02%+1,380New
Ransom Advisory, Ltd1,450$93.6K0.04%−1,000−40.8%Reduced
Rothschild Investment LLC1,462$94.4K0.01%+655+81.2%Added
Costello Asset Management, INC1,510$97.5K0.03%−221−12.8%Reduced
Farther Finance Advisors, LLC1,576$101.7K0.00%+594+60.5%Added
Umb Bank N A1,592$102.7K0.00%+1,140+252.2%Added
Essential Partners LLC1,594$102.9K0.03%+352+28.3%Added
Daiwa Securities Group Inc.1,885$122.0K0.00%−369−16.4%Reduced
KBC Group NV1,977$128.0K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC2,188$141.2K0.01%+575+35.6%Added
Parallel Advisors, LLC2,233$144.1K0.00%+1,159+107.9%Added
Armstrong Advisory Group, Inc2,364$152.6K0.01%00.0%Unchanged
Mint Tower Capital Management B.V.2,422$156.0K0.02%+2,422New
Advisor Group Holdings, Inc.2,485$160.4K0.00%+366+17.3%Added
PenderFund Capital Management Ltd.2,900$187.2K0.03%+2,269+359.6%Added
Callan Family Office, LLC3,104$200.3K0.00%+3,104New
Legacy Wealth Asset Management, LLC3,148$203.2K0.05%+3,148New
Steel Peak Wealth Management LLC3,210$207.2K0.01%+3,210New