Cliff Asness's NWE Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 657,706 shares of NorthWestern Energy Group, Inc. (NWE) worth $43.37 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 54 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in NWE, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 471,125 shares. Largest reduction occurred in Q4 2025, reducing 377,629 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's NorthWestern Energy Group (NWE) Holding Value Over Time
Track share changes against reported price movement
Quarterly NorthWestern Energy Group (NWE) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -111,934 | Reduce 14.54% | 657,706 | $65.94 |
| Q4 2025 | -377,629 | Reduce 32.92% | 769,640 | $64.54 |
| Q3 2025 | +471,125 | Add 69.68% | 1.15 M | $58.61 |
| Q2 2025 | +93,081 | Add 15.96% | 676,144 | $51.30 |
| Q1 2025 | +163,147 | Add 38.85% | 583,063 | $57.43 |
| Q4 2024 | -10,763 | Reduce 2.50% | 419,916 | $53.46 |
| Q3 2024 | +34,270 | Add 8.65% | 430,679 | $57.12 |
| Q2 2024 | +105,845 | Add 36.43% | 396,409 | $50.05 |
| Q1 2024 | +49,277 | Add 20.42% | 290,564 | $50.73 |
| Q4 2023 | -90,355 | Reduce 27.24% | 241,287 | $50.89 |
| Q3 2023 | -66,557 | Reduce 16.71% | 331,642 | $48.06 |
| Q2 2023 | -137,167 | Reduce 25.62% | 398,199 | $56.76 |
| Q1 2023 | -201,327 | Reduce 27.33% | 535,366 | $57.41 |
| Q4 2022 | -26,894 | Reduce 3.52% | 736,693 | $59.34 |
| Q3 2022 | +273,976 | Add 55.96% | 763,587 | $49.28 |
| Q2 2022 | +210,531 | Add 75.44% | 489,611 | $58.71 |
| Q1 2022 | +95,660 | Add 52.15% | 279,080 | $60.49 |
| Q4 2021 | +51,068 | Add 38.58% | 183,420 | $57.16 |
| Q3 2021 | -877 | Reduce 0.66% | 132,352 | $57.30 |
| Q2 2021 | +618 | Add 0.47% | 133,229 | $60.22 |
| Q1 2021 | -61,551 | Reduce 31.70% | 132,611 | $65.20 |
| Q4 2020 | -326,969 | Reduce 62.74% | 194,162 | $58.31 |
| Q3 2020 | -144,541 | Reduce 21.71% | 521,131 | $48.64 |
| Q2 2020 | -357,312 | Reduce 34.93% | 665,672 | $53.97 |
| Q1 2020 | -319,105 | Reduce 23.78% | 1.02 M | $59.83 |
| Q4 2019 | -243,068 | Reduce 15.33% | 1.34 M | $71.67 |
| Q3 2019 | -19,528 | Reduce 1.22% | 1.59 M | $75.05 |
| Q2 2019 | +210,322 | Add 15.08% | 1.6 M | $72.12 |
| Q1 2019 | +284,403 | Add 25.62% | 1.39 M | $70.41 |
| Q4 2018 | +57,380 | Add 5.45% | 1.11 M | $59.44 |
| Q3 2018 | -17,254 | Reduce 1.61% | 1.05 M | $58.66 |
| Q2 2018 | +206,488 | Add 23.92% | 1.07 M | $57.25 |
| Q1 2018 | +108,272 | Add 14.34% | 863,346 | $53.80 |
| Q4 2017 | +137,106 | Add 22.19% | 755,074 | $59.70 |
| Q3 2017 | +152,644 | Add 32.80% | 617,968 | $56.94 |
| Q2 2017 | +257,629 | Add 124.04% | 465,324 | $61.02 |
| Q1 2017 | +65,433 | Add 45.99% | 207,695 | $58.70 |
| Q4 2016 | +22,388 | Add 18.68% | 142,262 | $56.87 |
| Q3 2016 | +51,486 | Add 75.29% | 119,874 | $57.54 |
| Q2 2016 | +26,462 | Add 63.12% | 68,388 | $63.07 |
| Q1 2016 | +12,362 | Add 41.81% | 41,926 | $61.75 |
| Q4 2015 | +5,900 | Add 24.93% | 29,564 | $54.26 |
| Q3 2015 | -13,705 | Reduce 36.67% | 23,664 | $53.84 |
| Q2 2015 | -34,051 | Reduce 47.68% | 37,369 | $48.73 |
| Q1 2015 | +11,700 | Add 19.59% | 71,420 | $53.79 |
| Q4 2014 | -12,392 | Reduce 17.18% | 59,720 | $56.58 |
| Q3 2014 | +10,800 | Add 17.61% | 72,112 | $45.36 |
| Q2 2014 | -41,336 | Reduce 40.27% | 61,312 | $52.19 |
| Q1 2014 | -60,438 | Reduce 37.06% | 102,648 | $47.43 |
| Q4 2013 | -125,190 | Reduce 43.43% | 163,086 | $43.32 |
| Q3 2013 | -71,575 | Reduce 19.89% | 288,276 | $44.92 |
| Q2 2013 | +359,851 | Add 0.00% | 359,851 | $39.90 |
| Q4 2012 | +372,124 | Add 0.00% | 372,124 | $34.73 |
Cliff Asness's NorthWestern Energy Group Investment FAQs
Cliff Asness first purchased NorthWestern Energy Group, Inc. (NWE) in Q4 2012, acquiring 372,124 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held NorthWestern Energy Group, Inc. (NWE) for 54 quarters since Q4 2012.
Cliff Asness's largest addition to NorthWestern Energy Group, Inc. (NWE) was in Q3 2025, adding 1,147,269 shares worth $67.24 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 657,706 shares of NorthWestern Energy Group, Inc. (NWE), valued at approximately $43.37 M.
As of the Q1 2026 filing, NorthWestern Energy Group, Inc. (NWE) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in NorthWestern Energy Group, Inc. (NWE) was 1,604,685 shares, as reported at the end of Q2 2019.