NWE β€” NORTHWESTERN CORP

Ownership history in Covestor Ltd  Β·  8 quarters on record

This page tracks every 13F SEC filing in which Covestor Ltd reported a position in NORTHWESTERN CORP (NWE). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.16% (2022 Q2)
πŸ“Š Avg. % of fund
0.12%
πŸ“… First filed
2021 Q4
πŸ“… Last filed
2025 Q3
⏱ Quarters held
8

Position Intelligence

Covestor Ltd Γ— NWE AI Analytics

πŸ“‰ Covestor Ltd underperformed the S&P 500 by –12.0% annually on this NWE position. Timing score: 71% (5/7 decisions correct). Average cost basis: $49.85. Maximum drawdown during holding period: –16.7%.

πŸ“ˆ Position Alpha vs SPY
-12.0%
annualised excess return

❌ Significantly underperformed the S&P 500 by 12.0% ann.
7 quarters analyzed

⏱️ Timing Score
71%

🎯 Smart timing β€” consistently buying dips and trimming near peaks.
5 of 7 add/trim decisions correct

πŸ’° Entry Quality
$49.85
+15.3% vs current ($57.46)

Best entry: $46.39 (2024 Q1)  Β·  Worst: $57.46 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–16.7%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

4 adds Β· 4 trims. Bought during 1 of 4 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.15% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    NWE price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 8 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 ADDED 4,542 +1,822 +67.0% 0.15% $266K $57.46
2024 Q1 ADDED 2,720 +2,579 +1829.1% 0.09% $139K $46.39
2023 Q2 REDUCED 141 -2,683 -95.0% 0.01% $8K $49.78
2022 Q4 REDUCED 2,824 -125 -4.2% 0.14% $168K $50.90
2022 Q3 REDUCED 2,949 -482 -14.0% 0.13% $145K $41.81
2022 Q2 REDUCED 3,431 -234 -6.4% 0.16% $202K $49.42
2022 Q1 ADDED 3,665 +1,788 +95.3% 0.15% $222K $50.17
2021 Q4 INITIATED 1,877 β€” β€” 0.15% $107K $46.91

🏒 Other funds also holding NWE

As of 2025 Q4 β€” sorted by position size

Olympiad Research LP 3Y 3.92% Lesa Sroufe & Co 3Y 7Y 1.93% SYSTEMATIC FINANCIAL MANAGEMENT LP 3Y 7Y 1.76% Mathes Company, Inc. 3Y 7Y 1.26% DC Investments Management, LLC 3Y 7Y 0.94% River Road Asset Management, LLC 3Y 7Y 0.89% AQR Arbitrage LLC 3Y 7Y 0.82% Oliver Luxxe Assets LLC 3Y 7Y 0.78% WESTWOOD HOLDINGS GROUP INC 3Y 7Y 0.41% Diametric Capital, LP 3Y 7Y 0.38%
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