Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NWE held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 8.3M | $546.1M | -3.9% | 13.466% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.5M | $230.1M | β | 5.675% | 0.01% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 2.8M | $183.5M | β | 4.525% | 0.00% |
| 4 | STATE STREET CORP | 2.3M | $154.0M | -11.5% | 3.797% | 0.01% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 1.7M | $111.8M | +4.0% | 2.755% | 0.01% |
| 6 | FRANKLIN RESOURCES INC | 1.6M | $107.0M | +12.9% | 2.637% | 0.03% |
| 7 | AMERICAN CENTURY COMPANIES INC | 1.6M | $102.7M | -23.6% | 2.533% | 0.05% |
| 8 | GOLDMAN SACHS GROUP INC | 1.4M | $89.1M | +105.5% | 2.197% | 0.01% |
| 9 | MILLENNIUM MANAGEMENT LLC | 1.3M | $86.7M | +42.8% | 2.137% | 0.06% |
| 10 | Neuberger Berman Group LLC | 1.3M | $84.0M | +1.2% | 2.072% | 0.06% |
| 11 | SYSTEMATIC FINANCIAL MANAGEMENT LP | 1.1M | $74.6M | -2.4% | 1.841% | 1.71% |
| 12 | CNH PARTNERS LLC | 1.1M | $71.3M | +78.2% | 1.759% | 1.17% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 1.0M | $67.5M | +0.6% | 1.664% | 0.01% |
| 14 | River Road Asset Management, LLC | 1.0M | $66.3M | -20.4% | 1.636% | 0.75% |
| 15 | UBS Group AG | 995K | $65.6M | +40.5% | 1.617% | 0.01% |
| 16 | BALYASNY ASSET MANAGEMENT LLC | 911K | $60.0M | -9.5% | 1.481% | 0.21% |
| 17 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 888K | $58.6M | -13.4% | 1.444% | 0.10% |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 812K | $53.5M | +0.6% | 1.320% | 0.01% |
| 19 | NORTHERN TRUST CORP | 810K | $53.4M | +5.9% | 1.316% | 0.01% |
| 20 | BANK OF AMERICA CORP /DE/ | 803K | $53.0M | +4.8% | 1.306% | 0.00% |
| 21 | ALLIANCEBERNSTEIN L.P. | 816K | $52.7M | +5.2% | 1.327% | 0.02% |
| 22 | Qube Research & Technologies Ltd | 794K | $52.4M | +104.4% | 1.292% | 0.06% |
| 23 | MORGAN STANLEY | 773K | $51.0M | -8.6% | 1.257% | 0.00% |
| 24 | FMR LLC | 769K | $50.7M | -31.7% | 1.250% | 0.00% |
| 25 | Bank of New York Mellon Corp | 755K | $49.8M | -2.6% | 1.227% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NWE β a direct measure of their conviction.
Filings activity in NWE during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NWE position in Q1 2026
Institutions that fully closed their NWE position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 364 | +3.7% | 87.70% | +2.42 pp | $3.83B | +2.8% |
| Q4 2025 | 351 | +8.3% | 85.28% | +10.78 pp | $3.73B | +14% |
| Q3 2025 | 324 | 2.4% | 74.50% | +6.10 pp | $3.26B | +8.9% |
| Q2 2025 | 332 | 2.4% | 68.40% | 5.94 pp | $2.99B | 8.0% |
| Q1 2025 | 340 | +9.0% | 74.34% | +3.48 pp | $3.25B | +4.9% |
| Q4 2024 | 312 | +3.3% | 70.86% | 2.10 pp | $3.10B | 2.9% |
| Q3 2024 | 302 | +3.1% | 72.96% | +8.08 pp | $3.19B | +12% |
| Q2 2024 | 293 | β | 64.88% | β | $2.84B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NWE stock.
Based on Q1 2026 13F filings, institutional ownership of Northwestern Energy Group Inc stands at 87.7%, held across 364 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NWE, with approximately 8,281,530 shares worth $0.55B as of Q1 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of NWE, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for NWE is 61 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
53 institutions opened new positions in NWE during Q1 2026, while 40 fully exited. 200 added to existing positions and 106 trimmed.
NWE institutional ownership rose by 2.42 percentage points quarter-over-quarter, with a net change of +13 holders.
The top 10 institutions account for 44.2% of all reported 13F value in NWE, and the top 25 account for 67.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Northwestern Energy Group Inc (NWE) Institutional Ownership