Dark Forest Capital Management’s NorthWestern Energy NWE Stock Holding History

Dark Forest Capital Management’s Portfolio NWE Stock Details NWE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$958K	Buy	+13,382	New	+$948K	0.06%	506
2025 Q4	–	Sell	-31,776	Closed	-$1.86M	–	1230
2025 Q3	$1.86M	Sell	31,776 -103,036	-76%	-$5.69M	0.07%	491
2025 Q2	$6.92M	Buy	134,812 +119,494	+780%	+$6.6M	0.28%	47
2025 Q1	$886K	Buy	+15,318	New	+$833K	0.04%	749
2023 Q4	–	Sell	-9,080	Closed	-$436K	–	907
2023 Q3	$436K	Buy	9,080 +1,454	+19%	+$77.5K	0.03%	760
2023 Q2	$433K	Buy	7,626 +5,948	+354%	+$348K	0.04%	684
2023 Q1	$97.1K	Buy	+1,678	New	+$95.8K	0.02%	665
2022 Q3	–	Sell	-7	Closed	–	–	1349
2022 Q2	$0	Buy	+7	New	+$417	﹤0.01%	1222
2022 Q1	–	Sell	-193	Closed	-$11K	–	1612
2021 Q4	$11K	Buy	+193	New	+$11K	﹤0.01%	895
2021 Q3	–	Sell	-1,607	Closed	-$97K	–	1461
2021 Q2	$97K	Buy	+1,607	New	+$105K	0.04%	329

Other funds holding NWE

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

Balyasny Asset Management Chicago, Illinois $80.2B AUM 51.53% 1-Year Est. Return

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

SFM

Systematic Financial Management Teaneck, New Jersey $5.02B AUM 66.06% 1-Year Est. Return

Dark Forest Capital Management's NWE Position: Q2 2026 in Review

Dark Forest Capital Management opened a new position in NorthWestern Energy (NWE) in Q2 2026: 13,382 shares worth $958K. The stake represents 0.06% of the portfolio and ranks #506 among its holdings. This is a return to the name: Dark Forest Capital Management previously reported a position in NWE as recently as Q3 2025.

Dark Forest Capital Management first reported a position in NWE in Q2 2021 and has held it in 10 quarters since. The position peaked at $6.92M in Q2 2025. 376 funds tracked by Wall St. Rank hold NWE as of Q2 2026.

Dark Forest Capital Management held 13,382 shares of NorthWestern Energy worth $958K as of Q2 2026.
NorthWestern Energy was a new Dark Forest Capital Management position in Q2 2026.
NorthWestern Energy made up 0.06% of Dark Forest Capital Management's portfolio in Q2 2026, its #506 holding.
Dark Forest Capital Management first reported a position in NorthWestern Energy in Q2 2021 and has held it in 10 quarters since.
Dark Forest Capital Management's NorthWestern Energy position peaked at $6.92M in Q2 2025.
376 funds tracked by Wall St. Rank held NorthWestern Energy as of Q2 2026.

Based on Dark Forest Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.