NorthWestern Energy Group, Inc. - Common Stock (NWE) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
NWE on Nasdaq
Shares outstanding
61,504,458
Price per share
$64.54
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
44,172,754
Total reported value
$2,850,725,474
% of total 13F portfolios
0%
Share change
-713,192
Value change
-$42,076,585
Number of holders
267
Price from insider filings
$64.54
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NorthWestern Energy Group, Inc. - Common Stock (NWE) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 13% -28% $469,076,647 -$183,534,968 7,977,494 -28% BlackRock, Inc. 31 Mar 2025
AMERICAN CENTURY INVESTMENT MANAGEMENT INC 4.8% -18% $151,448,578 -$33,749,295 2,952,214 -18% American Century Investment Management, Inc. 30 Jun 2025

As of 31 Dec 2025, 267 institutional investors reported holding 44,172,754 shares of NorthWestern Energy Group, Inc. - Common Stock (NWE). This represents 72% of the company’s total 61,504,458 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NorthWestern Energy Group, Inc. - Common Stock (NWE) together control 59% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 14% 8,613,648 +2.2% 0.01% $555,924,840
VANGUARD GROUP INC 11% 6,667,340 -0.42% 0.01% $430,310,123
STATE STREET CORP 4.3% 2,637,718 +0.56% 0.01% $170,238,320
AMERICAN CENTURY COMPANIES INC 3.3% 2,039,629 -31% 0.07% $131,637,849
GEODE CAPITAL MANAGEMENT, LLC 2.6% 1,628,750 +0.18% 0.01% $105,140,923
FRANKLIN RESOURCES INC 2.3% 1,436,750 +7.4% 0.02% $92,727,846
NEUBERGER BERMAN GROUP LLC 2% 1,259,921 -0.67% 0.06% $81,324,308
SYSTEMATIC FINANCIAL MANAGEMENT LP 1.9% 1,159,753 -1.5% 1.8% $74,850,505
DIMENSIONAL FUND ADVISORS LP 1.7% 1,017,415 +0.7% 0.01% $65,664,423
MORGAN STANLEY 1.4% 846,080 +7.2% 0% $54,606,142
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.3% 807,138 -3.8% 0.01% $52,092,687
NORGES BANK 1.3% 778,958 0.01% $50,273,949
Bank of New York Mellon Corp 1.3% 774,920 -10% 0.01% $50,013,322
UBS Group AG 1.2% 707,822 +480% 0.01% $45,682,833
GOLDMAN SACHS GROUP INC 1.1% 657,233 +171% 0.01% $42,417,816
FIRST TRUST ADVISORS LP 1.1% 650,323 -22% 0.03% $41,971,850
ProShare Advisors LLC 1% 645,335 -19% 0.07% $41,649,920
GW&K Investment Management, LLC 0.97% 593,888 -1.9% 0.33% $38,330,000
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.93% 569,334 -12% 0.01% $36,744,816
GABELLI FUNDS LLC 0.89% 548,700 +0.46% 0.24% $35,413,098
FULLER & THALER ASSET MANAGEMENT, INC. 0.82% 503,220 -8.6% 0.11% $32,477,831
Nuveen, LLC 0.82% 502,742 -23% 0.01% $32,446,969
Hudson Bay Capital Management LP 0.81% 499,509 0.18% $32,238,311
Thrivent Financial for Lutherans 0.8% 489,871 +0.2% 0.06% $31,617,000
CITIGROUP INC 0.78% 482,614 +12% 0.02% $31,147,907

Institutional Holders of NorthWestern Energy Group, Inc. - Common Stock (NWE) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 44,172,754 $2,850,725,474 -$42,076,585 $64.54 267
2025 Q3 57,552,241 $3,373,040,108 -$156,391,743 $58.61 325
2025 Q2 60,500,871 $3,109,180,734 +$101,943,694 $51.30 333
2025 Q1 58,479,810 $3,383,766,466 -$107,982,991 $57.87 343
2024 Q4 60,277,264 $3,222,735,654 +$60,001,648 $53.46 320
2024 Q3 59,078,804 $3,377,822,104 -$12,522,745 $57.22 309
2024 Q2 58,857,084 $2,947,580,560 -$17,639,177 $50.08 296
2024 Q1 58,919,637 $3,000,717,278 -$52,481,558 $50.93 301
2023 Q4 59,905,670 $3,048,633,203 +$31,568,166 $50.89 276
2023 Q3 59,314,129 $2,850,614,212 +$36,341,719 $48.06 270
2023 Q2 58,374,507 $3,313,790,008 +$8,310,582 $56.76 286
2023 Q1 58,240,720 $3,369,760,118 +$88,300,727 $57.86 286
2022 Q4 56,983,544 $3,381,194,232 +$32,990,785 $59.34 296
2022 Q3 56,503,247 $2,784,849,699 -$72,709,677 $49.28 279
2022 Q2 57,113,039 $3,365,749,414 -$10,637,057 $58.93 269
2022 Q1 57,483,768 $3,476,564,199 +$26,764,146 $60.49 264
2021 Q4 57,215,515 $3,270,577,358 +$256,084,897 $57.16 268
2021 Q3 49,186,984 $2,818,546,207 +$104,524,200 $57.30 257
2021 Q2 48,081,488 $2,895,881,387 +$1,073,889 $60.22 257
2021 Q1 48,058,104 $3,133,792,611 +$1,352,124 $65.20 246
2020 Q4 48,065,609 $2,802,177,165 -$22,772,683 $58.31 247
2020 Q3 48,790,085 $2,373,320,566 -$7,655,873 $48.64 257
2020 Q2 48,777,843 $2,658,977,510 +$5,522,071 $54.52 266
2020 Q1 48,628,606 $2,909,550,872 -$34,561,620 $59.83 262
2019 Q4 49,202,442 $3,525,002,097 -$29,984,294 $71.67 281
2019 Q3 49,518,833 $3,715,168,060 +$50,344,094 $75.05 285
2019 Q2 48,868,913 $3,523,352,283 +$41,505,356 $72.15 281
2019 Q1 48,991,697 $3,449,055,143 -$17,671,584 $70.41 283
2018 Q4 49,210,231 $2,924,936,594 +$5,887,055 $59.44 258
2018 Q3 49,039,206 $2,876,610,119 +$65,009,240 $58.66 259
2018 Q2 47,942,360 $2,744,732,298 +$138,995,500 $57.25 255
2018 Q1 45,827,261 $2,465,398,856 -$36,210,219 $53.80 243
2017 Q4 46,365,303 $2,768,514,538 +$15,360,327 $59.70 245
2017 Q3 45,984,294 $2,620,004,976 -$131,599,144 $56.94 238
2017 Q2 48,267,380 $2,945,013,326 +$83,653,695 $61.02 236
2017 Q1 46,955,377 $2,756,536,660 +$469,155,390 $58.70 240
2016 Q4 47,354,758 $2,693,078,564 -$523,540 $56.87 241
2016 Q3 46,888,776 $2,696,795,730 -$21,512,689 $57.53 217
2016 Q2 47,384,780 $2,988,221,159 -$58,188,433 $63.07 216
2016 Q1 48,763,685 $3,010,597,349 -$5,156,173 $61.75 213
2015 Q4 48,978,568 $2,657,398,526 +$5,617,620 $54.25 205
2015 Q3 48,996,426 $2,637,174,159 -$7,670,066 $53.83 197
2015 Q2 49,319,679 $2,404,758,113 +$148,278,048 $48.75 191
2015 Q1 46,244,770 $2,486,937,503 -$17,211,608 $53.79 196
2014 Q4 46,468,368 $2,629,649,267 +$479,484,164 $56.58 201
2014 Q3 38,836,949 $1,761,637,721 +$10,113,639 $45.36 189
2014 Q2 38,387,983 $2,002,121,323 +$32,434,406 $52.19 193
2014 Q1 37,731,233 $1,789,495,557 +$28,442,916 $47.43 191