River Road Asset Management’s MDU Resources MDU Stock Holding History

River Road Asset Management’s Portfolio MDU Stock Details MDU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$72.2M	Sell	3,403,955 -673,296	-17%	-$14.6M	0.8%	47
2026 Q1	$84.5M	Sell	4,077,251 -629,791	-13%	-$12.9M	0.96%	36
2025 Q4	$91.9M	Sell	4,707,042 -582,940	-11%	-$11.5M	1.01%	33
2025 Q3	$94.2M	Buy	5,289,982 +3,776,639	+250%	+$63M	1.06%	31
2025 Q2	$26.1M	Buy	+1,513,343	New	+$25.5M	0.33%	89
2024 Q4	–	Sell	-871,633	Closed	-$13.2M	–	177
2024 Q3	$13.2M	Sell	871,633 -2,596,093	-75%	-$37M	0.17%	113
2024 Q2	$48.2M	Sell	3,467,726 -2,177,514	-39%	-$30.1M	0.69%	53
2024 Q1	$78.8M	Buy	5,645,240 +353,720	+7%	+$4.09M	1.07%	33
2023 Q4	$58M	Buy	5,291,520 +1,755,435	+50%	+$18.5M	0.81%	44
2023 Q3	$38.4M	Sell	3,536,085 -80,787	-2%	-$930K	0.55%	64
2023 Q2	$42M	Sell	3,616,872 -1,448,649	-29%	-$16.3M	0.58%	62
2023 Q1	$58.7M	Buy	5,065,521 +18,877	+0.4%	+$219K	0.8%	49
2022 Q4	$58.2M	Buy	5,046,644 +225,954	+5%	+$2.54M	0.8%	48
2022 Q3	$50.1M	Sell	4,820,690 -50,822	-1%	-$561K	0.75%	54
2022 Q2	$50M	Buy	+4,871,512	New	+$49.5M	0.7%	55

Other funds holding MDU

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

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $33B AUM 40.62% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $27.7B AUM 52.44% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

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

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

SEI Investments Oaks, Pennsylvania $113B AUM 34.64% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

River Road Asset Management's MDU Position: Q2 2026 in Review

River Road Asset Management reduced its MDU Resources (MDU) stake by 17% in Q2 2026, selling an estimated $14.6M and leaving 3,403,955 shares worth $72.2M. The position accounts for 0.8% of the portfolio, ranked #47.

River Road Asset Management first reported a position in MDU in Q2 2022 and has held it in 15 quarters since. The position peaked at $94.2M in Q3 2025. 437 funds tracked by Wall St. Rank hold MDU as of Q2 2026.

River Road Asset Management held 3,403,955 shares of MDU Resources worth $72.2M as of Q2 2026.
River Road Asset Management sold 673,296 MDU Resources shares in Q2 2026, an estimated $14.6M.
MDU Resources made up 0.8% of River Road Asset Management's portfolio in Q2 2026, its #47 holding.
River Road Asset Management first reported a position in MDU Resources in Q2 2022 and has held it in 15 quarters since.
River Road Asset Management's MDU Resources position peaked at $94.2M in Q3 2025.
437 funds tracked by Wall St. Rank held MDU Resources as of Q2 2026.

Based on River Road Asset Management's 13F filing for Q2 2026, filed 17 Jul 2026.