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Livermore
Livermore
ZHEN

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
RSM US Wealth Management LLC3,375$219.4K0.00%−478−12.4%Reduced
Global Retirement Partners, LLC3,451$222.7K0.00%+1,796+108.5%Added
Sowell Financial Services LLC3,495$225.6K0.01%−39−1.1%Reduced
Sanctuary Advisors, LLC3,503$226.1K0.00%+3,503New
GAMMA Investing LLC3,528$227.7K0.01%+757+27.3%Added
Crossmark Global Holdings, Inc.3,538$228.3K0.00%+43+1.2%Added
Sterling Capital Management LLC3,573$230.6K0.00%−702−16.4%Reduced
Canandaigua National Bank & Trust Co3,702$238.9K0.02%−198−5.1%Reduced
Ethic Inc.3,767$243.1K0.00%+133+3.7%Added
Ifrah Financial Services, Inc.4,070$262.7K0.07%−135−3.2%Reduced
CIBC World Markets Corp4,084$263.6K0.00%+4,084New
Caitlin John, LLC4,197$270.9K0.18%+4,197New
Phillips Wealth Planners LLC3,964$271.1K0.22%−496−11.1%Reduced
Mackenzie Financial Corp4,228$273.0K0.00%−25−0.6%Reduced
VELA Investment Management, LLC4,233$273.2K0.07%00.0%Unchanged
Vise Technologies, Inc.4,261$275.0K0.01%+776+22.3%Added
J.W. Cole Advisors, Inc.4,313$278.3K0.01%+38+0.9%Added
Arrowstreet Capital, Limited Partnership4,434$286.2K0.00%+4,434New
Securian Asset Management, Inc4,449$287.1K0.01%−100−2.2%Reduced
Everence Capital Management Inc4,521$292.0K0.02%00.0%Unchanged
Accurate Wealth Management, LLC4,502$297.2K0.04%+902+25.1%Added
AlphaGrep UK Ltd4,661$300.8K0.10%+4,661New
O'Shaughnessy Asset Management, LLC4,731$305.3K0.00%−460−8.9%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH4,762$307.3K0.00%+941+24.6%Added
Fiduciary Trust Co4,800$309.8K0.00%−10−0.2%Reduced
UMA Financial Services, Inc.4,825$311.4K0.04%00.0%Unchanged
Prudential Financial Inc4,881$315.0K0.00%−4,651−48.8%Reduced
CIBC Private Wealth Group, LLC4,932$318.3K0.00%+45+0.9%Added
Federated Hermes, Inc.4,968$320.6K0.00%−68,297−93.2%Reduced
Bokf, NA4,968$320.6K0.00%−27−0.5%Reduced
Pathstone Holdings, LLC4,979$321.3K0.00%+241+5.1%Added
Colony Group, LLC5,511$349.9K0.00%+5,511New
Headlands Technologies LLC5,480$353.7K0.03%−943−14.7%Reduced
Swiss Life Asset Management Ltd5,562$359.0K0.00%+5,562New
Merit Financial Group, LLC5,720$369.2K0.00%+5,720New
Aigen Investment Management, LP5,729$369.8K0.09%+5,729New
Tower Research Capital LLC (TRC)5,743$370.7K0.01%−329−5.4%Reduced
Jain Global LLC5,746$370.8K0.00%+5,746New
Harbour Investments, Inc.5,748$371.0K0.01%+5,748New
Advisory Services Network, LLC5,780$373.0K0.01%−983−14.5%Reduced
MAI Capital Management5,798$374.2K0.00%+389+7.2%Added
Connor, Clark & Lunn Investment Management Ltd.5,816$375.4K0.00%−64,995−91.8%Reduced
Crewe Advisors LLC5,855$377.9K0.03%+59+1.0%Added
Public Employees Retirement Association of Colorado6,157$397.0K0.00%00.0%Unchanged
SummitTX Capital, L.P.6,300$406.6K0.01%+6,300New
Guggenheim Capital LLC6,740$435.0K0.00%−9,180−57.7%Reduced
Jeppson Wealth Management, LLC6,857$442.6K0.14%−100−1.4%Reduced
Quadrant Capital Group LLC6,919$446.6K0.01%00.0%Unchanged
Oppenheimer Asset Management Inc.6,975$450.2K0.01%−3,041−30.4%Reduced
Intrua Financial, LLC7,061$455.7K0.05%−50−0.7%Reduced
Resona Asset Management Co.,Ltd.7,172$462.9K0.00%00.0%Unchanged
Jacobi Capital Management LLC7,249$467.9K0.03%+7+0.1%Added
Pacer Advisors, Inc.7,351$474.4K0.00%−11,415−60.8%Reduced
Xponance, Inc.7,432$479.7K0.00%−1,246−14.4%Reduced
Infrastructure Capital Advisors, LLC7,488$483.3K0.05%−1,350−15.3%Reduced
Two Sigma Securities, LLC7,510$484.7K0.07%+553+7.9%Added
State of Alaska, Department of Revenue7,972$514.0K0.01%−480−5.7%Reduced
TD Asset Management Inc8,100$522.8K0.00%+8,100New
Sivia Capital Partners, LLC8,167$527.1K0.11%+2,032+33.1%Added
Spirit of America Management Corp8,700$561.5K0.12%00.0%Unchanged
LMR Partners LLP8,893$574.0K0.01%+8,893New
Commerce Bank9,043$583.6K0.00%−95−1.0%Reduced
Teacher Retirement System of Texas9,118$588.5K0.00%−5,950−39.5%Reduced
Atria Investments LLC9,234$596.0K0.01%+3,106+50.7%Added
JustInvest LLC9,486$612.2K0.01%+526+5.9%Added
Vaughan & Co Securities, Inc.9,696$625.8K0.32%−589−5.7%Reduced
Y-Intercept (Hong Kong) Ltd9,747$629.1K0.01%+9,747New
Meeder Advisory Services, Inc.9,995$645.1K0.03%+569+6.0%Added
Skandinaviska Enskilda Banken AB (publ)10,000$645.4K0.00%+10,000New
Private Advisor Group, LLC10,280$663.5K0.00%00.0%Unchanged
CSM Advisors, LLC10,589$683.0K0.02%−47−0.4%Reduced
Bailard, Inc.10,600$684.1K0.02%+500+5.0%Added
Zacks Investment Management10,665$688.3K0.01%+84+0.8%Added
Pictet Asset Management Holding SA11,087$715.6K0.00%−685−5.8%Reduced
Passumpsic Savings Bank11,153$719.8K0.39%+11,153New
Cetera Investment Advisers11,208$723.3K0.00%−46−0.4%Reduced
Neo Ivy Capital Management11,230$724.8K0.11%+11,230New
Federation des caisses Desjardins du Quebec11,531$744.2K0.00%+2,249+24.2%Added
New Mexico Educational Retirement Board11,800$762.0K0.02%00.0%Unchanged
Huber Capital Management LLC12,062$778.5K0.11%00.0%Unchanged
Winton Group Ltd12,073$779.2K0.03%+12,073New
US Bancorp12,208$787.9K0.00%−101−0.8%Reduced
Oregon Public Employees Retirement Fund12,310$794.5K0.01%−100−0.8%Reduced
Northwestern Mutual Investment Management Company, LLC13,739$886.7K0.01%+55+0.4%Added
LPL Financial LLC14,012$904.4K0.00%−53−0.4%Reduced
Water Island Capital LLC14,307$923.4K0.11%+40.0%Added
Assenagon Asset Management S.A.14,332$925.0K0.00%+3,870+37.0%Added
State of Michigan Retirement System14,528$937.6K0.00%−100−0.7%Reduced
D. E. Shaw & Co., Inc.14,751$952.0K0.00%+14,751New
Hennessy Advisors Inc14,798$955.1K0.03%00.0%Unchanged
Royal Bank of Canada15,100$975.0K0.00%−598,146−97.5%Reduced
Hennion & Walsh Asset Management, Inc.15,144$977.4K0.03%+9,809+183.9%Added
Hager Investment Management Services, LLC15,518$1.00M0.55%+1,986+14.7%Added
Engineers Gate Manager LP15,965$1.03M0.01%−92−0.6%Reduced
Schonfeld Strategic Advisors LLC16,196$1.05M0.01%+16,196New
Ameritas Investment Partners, Inc.16,265$1.05M0.03%−401−2.4%Reduced
Police & Firemen's Retirement System of New Jersey16,366$1.06M0.01%−1,392−7.8%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)16,452$1.06M0.00%+2,071+14.4%Added
State Board of Administration of Florida Retirement System16,886$1.09M0.00%00.0%Unchanged
Louisiana State Employees Retirement System17,000$1.10M0.02%−100−0.6%Reduced