Which funds own NWE
Northwestern Energy Group In in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $142m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 4
- at least, of 91 current
- Combined value
- $142m
- as reported
- Opened
- 1
- new this quarter
- Added to
- 1
- already held
- Trimmed or sold out
- 4
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $65m | 0.2% | 903,026 | +$24m+278,017 | Added |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $36m | 0.1% | 498,960 | opened498,960 | New |
| Caxton Associates LLP Macro · $5.3bn book | $22m | 0.4% | 312,172 | -$21m-345,090 | Trimmed |
| GAMCO Investors Inc Activist · $11.1bn book | $19m | 0.2% | 267,350 | +$1.1m-7,000 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Jane Street Group LLC · Quantitative$14m held before
- Tudor Investment Corp · Macro$4.2m held before
Ownership through time
At least 9 of the 95 managers whose filings are on file listed NWE in Q2 2026, against 8 in Q2 2013. The same number as in Q1 2026: 1 started a position; 1 listed it again; 2 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 8
- Q3 2013: 5
- Q4 2013: 3
- Q1 2014: 4
- Q2 2014: 4
- Q3 2014: 4
- Q4 2014: 6
- Q1 2015: 4
- Q2 2015: 3
- Q3 2015: 3
- Q4 2015: 2
- Q1 2016: 3
- Q2 2016: 2
- Q3 2016: 2
- Q4 2016: 3
- Q1 2017: 3
- Q2 2017: 3
- Q3 2017: 5
- Q4 2017: 7
- Q1 2018: 4
- Q2 2018: 7
- Q3 2018: 7
- Q4 2018: 6
- Q1 2019: 6
- Q2 2019: 8
- Q3 2019: 6
- Q4 2019: 6
- Q1 2020: 6
- Q2 2020: 6
- Q3 2020: 8
- Q4 2020: 2
- Q1 2021: 2
- Q2 2021: 3
- Q3 2021: 1
- Q4 2021: 4
- Q1 2022: 5
- Q2 2022: 6
- Q3 2022: 11
- Q4 2022: 7
- Q1 2023: 5
- Q2 2023: 4
- Q3 2023: 4
- Q4 2023: 2
- Q1 2024: 2
- Q2 2024: 3
- Q3 2024: 5
- Q4 2024: 5
- Q1 2025: 7
- Q2 2025: 7
- Q3 2025: 4
- Q4 2025: 6
- Q1 2026: 9
- Q2 2026: 9
- Q2 2013: $158m
- Q3 2013: $150m
- Q4 2013: $107m
- Q1 2014: $122m
- Q2 2014: $127m
- Q3 2014: $111m
- Q4 2014: $210m
- Q1 2015: $171m
- Q2 2015: $117m
- Q3 2015: $142m
- Q4 2015: $115m
- Q1 2016: $252m
- Q2 2016: $127m
- Q3 2016: $101m
- Q4 2016: $91m
- Q1 2017: $54m
- Q2 2017: $77m
- Q3 2017: $78m
- Q4 2017: $146m
- Q1 2018: $75m
- Q2 2018: $100m
- Q3 2018: $111m
- Q4 2018: $120m
- Q1 2019: $162m
- Q2 2019: $194m
- Q3 2019: $219m
- Q4 2019: $179m
- Q1 2020: $123m
- Q2 2020: $89m
- Q3 2020: $60m
- Q4 2020: $19m
- Q1 2021: $19m
- Q2 2021: $21m
- Q3 2021: $16m
- Q4 2021: $47m
- Q1 2022: $32m
- Q2 2022: $69m
- Q3 2022: $115m
- Q4 2022: $91m
- Q1 2023: $63m
- Q2 2023: $64m
- Q3 2023: $55m
- Q4 2023: $64m
- Q1 2024: $73m
- Q2 2024: $117m
- Q3 2024: $141m
- Q4 2024: $126m
- Q1 2025: $141m
- Q2 2025: $146m
- Q3 2025: $107m
- Q4 2025: $208m
- Q1 2026: $282m
- Q2 2026: $355m
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Schonfeld Strategic Advisors LLCnew: 498,960 shares+$36m
- Balyasny Asset Management LLC910,560 to 1,285,897 shares+$27m
- Hudson Bay Capital Management LP625,009 to 903,026 shares+$20m
- Neuberger Berman Group LLC1,274,526 to 1,357,486 shares+$5.9m
- Moore Capital Management LP28,670 to 29,929 shares+$90k
Largest decreases, by shares
- Caxton Associates LLP657,262 to 312,172 shares-$25m
- GAMCO Investors Inc274,350 to 267,350 shares-$501k
- Winton Group Ltd18,218 to 18,190 shares-$2k
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Neuberger Berman Group LLC | Q2 2013 | $97m | $97m | |
| Balyasny Asset Management LLC | Q4 2017 | $92m | $92m | |
| Hudson Bay Capital Management LP | Q4 2025 | $65m | $65m | |
| Schonfeld Strategic Advisors LLC | Q1 2017 | $36m | $36m | |
| Caxton Associates LLP | Q4 2021 | $43m | $22m | |
| Verition Fund Management LLC | Q4 2016 | $20m | $20m | |
| GAMCO Investors Inc | Q2 2013 | $25m | $19m | |
| Moore Capital Management LP | Q4 2025 | $3.5m | $2.1m | |
| Winton Group Ltd | Q1 2022 | $2.0m | $1.3m | |
| T. Rowe Price Associates Inc | Q1 2016 | $126m | last listed Q1 2016 | |
| AQR Capital Management LLC | Q2 2013 | $119m | last listed Q2 2023 | |
| MFS Investment Management | Q2 2013 | $114m | last listed Q2 2025 | |
| Janus Henderson Group Ltd | Q4 2017 | $63m | last listed Q4 2017 | |
| AllianceBernstein LP | Q2 2017 | $57m | last listed Q2 2017 | |
| Acadian Asset Management LLC | Q2 2018 | $38m | last listed Q3 2020 | |
| Millennium Management LLC | Q2 2013 | $33m | last listed Q3 2013 | |
| Man Group PLC | Q2 2018 | $26m | last listed Q1 2026 | |
| Marshall Wace LLP | Q4 2014 | $24m | last listed Q4 2021 | |
| Two Sigma Advisers LP | Q2 2013 | $16m | last listed Q3 2022 |
What NWE is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around NWE →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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