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 30 Sep 2025
Q3 2025
Total 13F shares
57,552,227
Total reported value
$3,373,040,930
% of total 13F portfolios
0%
Share change
-2,938,166
Value change
-$157,551,299
Number of holders
325
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 30 Sep 2025, 325 institutional investors reported holding 57,552,227 shares of NorthWestern Energy Group, Inc. - Common Stock (NWE). This represents 94% 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 69% 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% 8,427,244 -3.6% 0.01% $493,920,773
VANGUARD GROUP INC 11% 6,695,664 -3.7% 0.01% $392,432,867
AMERICAN CENTURY COMPANIES INC 4.8% 2,968,816 +0.56% 0.09% $174,002,435
STATE STREET CORP 4.3% 2,622,967 +1.1% 0.01% $153,732,096
River Road Asset Management, LLC 3.7% 2,291,490 -0.33% 1.5% $134,304,229
GEODE CAPITAL MANAGEMENT, LLC 2.6% 1,625,762 +3.1% 0.01% $95,303,886
FRANKLIN RESOURCES INC 2.2% 1,338,278 +0.32% 0.02% $78,436,474
NEUBERGER BERMAN GROUP LLC 2.1% 1,268,440 -0.44% 0.05% $74,314,358
MACQUARIE GROUP LTD 1.9% 1,185,751 -9.4% 0.08% $69,496,599
SYSTEMATIC FINANCIAL MANAGEMENT LP 1.9% 1,176,980 +2.8% 1.7% $68,982,851
AQR CAPITAL MANAGEMENT LLC 1.9% 1,147,269 +70% 0.04% $67,241,432
FMR LLC 1.8% 1,123,183 -7% 0% $65,829,750
DIMENSIONAL FUND ADVISORS LP 1.6% 1,010,359 -0.36% 0.01% $59,215,451
WESTWOOD HOLDINGS GROUP INC 1.6% 981,250 -12% 0.41% $57,511,000
Bank of New York Mellon Corp 1.4% 861,330 -1.4% 0.01% $50,482,528
BANK OF AMERICA CORP /DE/ 1.4% 855,585 -30% 0% $50,145,829
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.4% 838,789 -1.9% 0.01% $49,161,423
FIRST TRUST ADVISORS LP 1.4% 832,389 -8.9% 0.04% $48,786,312
Invesco Ltd. 1.3% 817,838 +2.7% 0.01% $47,933,486
NORTHERN TRUST CORP 1.3% 811,749 -0.59% 0.01% $47,576,609
ProShare Advisors LLC 1.3% 794,913 +14% 0.1% $46,589,852
MORGAN STANLEY 1.3% 788,961 -8.8% 0% $46,241,126
Nuveen, LLC 1.1% 654,536 -6% 0.01% $38,362,354
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.1% 646,893 -24% 0.01% $37,914,399
VICTORY CAPITAL MANAGEMENT INC 1% 641,440 -19% 0.02% $37,594,799

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 1,057,297 $68,314,857 -$1,826,563 $64.54 41
2025 Q3 57,552,227 $3,373,040,930 -$157,551,299 $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