We are live on ! Find out more
NWE icon

NorthWestern Energy
NWE

335 hedge funds and large institutions have $3.11B invested in NorthWestern Energy in 2025 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 129 increasing their positions, 113 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 113

2% more ownership

Funds ownership: 96.54% → 98.54% (+2%)

3% less funds holding

Funds holding: 344 → 335 (-9)

9% less capital invested

Capital invested by funds: $3.43B → $3.11B (-$317M)

13% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 48

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
335
Holders Change
-9
Holders Change %
-2.62%
% of All Funds
4.41%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.01%
New
42
Increased
129
Reduced
113
Closed
48
Calls
$1.09M
Puts
–
Net Calls
+$1.09M
Net Calls Change
+$76K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$26.8M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$16.4M
3
UBS Group
UBS Group
Switzerland
+$16M
4
Morgan Stanley
Morgan Stanley
New York
+$12.9M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$12.6M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$25.8M
2
SEI Investments
SEI Investments
Pennsylvania
-$14.5M
3
N
Nuveen
North Carolina
-$12.7M
4
Marshall Wace
Marshall Wace
United Kingdom
-$7.58M
5
CF
Corebridge Financial
Texas
-$5.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$449M -$25.8M -466,077 -5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$357M +$9.76M +176,649 +3%
American Century Companies
3
American Century Companies
Missouri
$151M -$416K -7,530 -0.3%
State Street
4
State Street
Massachusetts
$133M +$693K +12,530 +0.5%
RRAM
5
River Road Asset Management
Kentucky
$123M -$4.25M -76,852 -3%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$80.9M +$425K +7,684 +0.5%
Franklin Resources
7
Franklin Resources
California
$68.4M +$613K +11,084 +0.8%
Macquarie Group
8
Macquarie Group
Australia
$67.2M +$1.98M +35,913 +3%
Neuberger Berman Group
9
Neuberger Berman Group
New York
$65.3M +$16.4M +297,057 +30%
Bank of America
10
Bank of America
North Carolina
$62.7M +$26.8M +484,266 +66%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$61.9M +$12.3M +223,116 +23%
SFM
12
Systematic Financial Management
New Jersey
$58.8M +$1.68M +30,471 +3%
UBS Group
13
UBS Group
Switzerland
$57.8M +$16M +289,284 +35%
WHG
14
Westwood Holdings Group
Texas
$57.4M +$6.49M +117,449 +12%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$52M -$535K -9,673 -0.9%
First Trust Advisors
16
First Trust Advisors
Illinois
$46.9M -$2.52M -45,624 -5%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$44.8M +$407K +7,365 +0.9%
Morgan Stanley
18
Morgan Stanley
New York
$44.4M +$12.9M +234,049 +37%
Charles Schwab
19
Charles Schwab
California
$43.9M -$1.43M -25,948 -3%
Massachusetts Financial Services
20
Massachusetts Financial Services
Massachusetts
$43.8M -$2.35M -42,566 -5%
Northern Trust
21
Northern Trust
Illinois
$41.9M -$3.14M -56,799 -7%
Invesco
22
Invesco
Georgia
$40.9M -$551K -9,964 -1%
Victory Capital Management
23
Victory Capital Management
Texas
$40.6M -$2.13M -38,466 -5%
Norges Bank
24
Norges Bank
Norway
$39.4M +$881K +15,947 +2%
N
25
Nuveen
North Carolina
$35.7M -$12.7M -228,912 -25%
1
2 3 4 5

NWE Hedge Fund Activity: Q2 2025 in Review

335 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in NorthWestern Energy (NWE) for Q2 2025, worth a combined $3.11B — down 9.3% from $3.43B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of NWE and 42 opened new positions — a net loss of 6 holders — while 113 trimmed existing stakes and 129 added.

The largest buyer was Bank of America, adding an estimated $26.8M. The largest seller was BlackRock, cutting an estimated $25.8M.

  • 335 institutional investors held NorthWestern Energy (NWE) as of Q2 2025, down from 344 in Q1 2025.
  • Funds reported $3.11B of NorthWestern Energy stock for Q2 2025, down 9.3% quarter-over-quarter.
  • 42 funds opened new NorthWestern Energy positions in Q2 2025 and 48 closed out, a net change of -6 holders.
  • The largest NorthWestern Energy buyer in Q2 2025 was Bank of America, an estimated $26.8M added.
  • The largest NorthWestern Energy seller in Q2 2025 was BlackRock, an estimated $25.8M sold.

Based on aggregated 13F filings for Q2 2025.