NORTHWEST BANCSHARES INC MD NWBI
COM · Common Stock · CUSIP 667340103
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersWarren, PA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($826.0k this quarter). Holder counts are more reliable. Shares outstanding: 146.1m as of 2025-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $12.00. Options: 2 managers hold calls ($240.0k notional), 1 hold puts ($223.2k).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 213 |
| Q4 2022 | 224 |
| Q1 2023 | 213 |
| Q2 2023 | 200 |
| Q3 2023 | 209 |
| Q4 2023 | 213 |
| Q1 2024 | 218 |
| Q2 2024 | 221 |
| Q3 2024 | 232 |
| Q4 2024 | 251 |
| Q1 2025 | 274 |
| Q2 2025 | 278 |
| Q3 2025 | 292 |
| Q4 2025 | 301 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 106 | 87 |
| Q2 2024 | 106 | 102 |
| Q3 2024 | 102 | 92 |
| Q4 2024 | 108 | 93 |
| Q1 2025 | 127 | 102 |
| Q2 2025 | 144 | 103 |
| Q3 2025 | 177 | 94 |
| Q4 2025 | 133 | 132 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $1.2m | $49.3k | 0.04 |
| Q2 2025 | $1.3m | $234.6k | 0.18 |
| Q3 2025 | $300.6k | $249.8k | 0.83 |
| Q4 2025 | $240.0k | $223.2k | 0.93 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +519.4k |
| GOLDMAN SACHS GROUP INC | Added | +295.1k |
| FMR LLC | Added | +292.8k |
| BlackRock, Inc. | Added | +229.0k |
| ExodusPoint Capital Management, LP | New | +228.2k |
| TWO SIGMA INVESTMENTS, LP | Added | +190.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +178.1k |
| ROYAL BANK OF CANADA | Added | +112.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +110.0k |
| Edgestream Partners, L.P. | Added | +94.9k |
Biggest sellers
| Empowered Funds, LLC | Sold out | -502.6k |
| JPMORGAN CHASE & CO | Reduced | -423.6k |
| Hillsdale Investment Management Inc. | Sold out | -362.9k |
| Nuveen, LLC | Reduced | -311.5k |
| MARTINGALE ASSET MANAGEMENT L P | Sold out | -232.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -206.2k |
| PRUDENTIAL FINANCIAL INC | Reduced | -181.7k |
| VANGUARD GROUP INC | Reduced | -168.5k |
| PANAGORA ASSET MANAGEMENT INC | Sold out | -134.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -116.7k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $206.4k17.2k shares |
| GROUP ONE TRADING LLC | Reduced | $33.6k2.8k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $223.2k18.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 7.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 1 | $64.5k | 0 | — | — |
| Q2 2024 | 3 | $266.1k | 2 | $60.5k | — |
| Q3 2024 | 1 | $99.3k | 2 | $295.0k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 2 | $194.6k | 1 | $45.6k | — |
| Q2 2025 | 0 | — | 4 | $324.2k | — |
| Q3 2025 | 2 | $157.2k | 0 | — | — |
| Q4 2025 | 6 | $131.5k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-08 | Tullio David M Director | Bought | $18.4k1.5k shares |
| 2025-12-05 | Hunter Timothy M Director | Bought | $48.7k4.0k shares |
| 2025-12-01 | Meegan John P Director · IRA | Bought | $18.1k1.5k shares |
| 2025-11-21 | Chadsey Deborah J Esq. Director · IRA | Bought | $20.0k1.7k shares |
| 2025-11-21 | Williams Amber Lee Director | Bought | $14.8k1.3k shares |
| 2025-11-20 | CAMPANA ROBERT M Director | Bought | $11.4k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 20.6m $246.7m | Added +229.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 16.3m $196.0m | Reduced -168.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 8.6m $103.3m | Reduced -115.7k |
| STATE STREET CORP 0.00% of their portfolio | 8.3m $99.8m | Added +47.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 6.2m $74.6m | Added +110.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.6m $43.3m | Reduced -2.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 2.7m $32.2m | Added +1.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $19.1m | Added +73.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $19.0m | Reduced -75.0k |
| FMR LLC 0.00% of their portfolio | 1.5m $17.7m | Added +292.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $16.6m | Reduced -11.2k |
| Invesco Ltd. 0.00% of their portfolio | 1.3m $16.1m | Reduced -56.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.2m $14.1m | Reduced -40.1k |
| UBS Group AG 0.00% of their portfolio | 1.1m $12.8m | Reduced -65.3k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.0m $12.6m | Added +28.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 984.2k $11.8m | Added +519.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 918.6k $11.0m | Added +22.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 777.7k $9.3m | Added +295.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 696.3k $8.4m | Reduced -9.7k |
| Nuveen, LLC 0.00% of their portfolio | 593.8k $7.1m | Reduced -311.5k |
| Edgestream Partners, L.P. 0.19% of their portfolio | 552.5k $6.6m | Added +94.9k |
| Verition Fund Management LLC 0.03% of their portfolio | 528.1k $6.3m | Added +2.7k |
| Dana Investment Advisors, Inc. 0.18% of their portfolio | 519.9k $6.2m | Reduced -675 |
| LPL Financial LLC 0.00% of their portfolio | 513.0k $6.2m | Added +7.9k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 505.6k $6.1m | Reduced -64.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 495.0k $5.9m | Reduced -43.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 433.2k $5.2m | Reduced -423.6k |
| JOHNSON INVESTMENT COUNSEL INC 0.04% of their portfolio | 419.6k $5.0m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 398.7k $4.8m | Reduced -14.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 377.5k $4.5m | Added +190.3k |
| Legal & General Group Plc 0.00% of their portfolio | 369.5k $4.4m | Reduced -5.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 352.2k $4.2m | Reduced -78.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 339.0k $4.1m | Reduced -107.7k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 330.5k $4.0m | Reduced -102.9k |
| Swiss National Bank 0.00% of their portfolio | 288.2k $3.5m | Added +5.4k |
| BARCLAYS PLC 0.00% of their portfolio | 287.5k $3.4m | Added +60.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 274.9k $3.3m | Reduced -33.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 252.7k $3.0m | Added +3.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 250.6k $3.0m | Reduced -116.7k |
| Northwest Bancshares, Inc. 0.55% of their portfolio | 237.8k $2.9m | Added +395 |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 236.1k $2.8m | Added +4.8k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 228.2k $2.7m | New |
| Brandywine Global Investment Management, LLC 0.02% of their portfolio | 209.9k $2.5m | Reduced -8.0k |
| Intrepid Financial Planning Group LLC 0.86% of their portfolio | 187.7k $2.3m | Reduced -6.5k |
| Hudock, Inc. 0.33% of their portfolio | 185.6k $2.2m | Added +575 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 182.3k $2.2m | Added +50.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 178.1k $2.1m | New |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 175.1k $2.1m | Added +8.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 171.8k $2.1m | Added +112.7k |
| Numerai GP LLC 0.24% of their portfolio | 165.8k $2.0m | Added +48.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 159.7k $1.9m | Reduced -33.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.06% of their portfolio | 158.3k $1.9m | Added +49.6k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 155.6k $1.9m | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 155.4k $1.9m | Added +384 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 152.3k $1.8m | Added +13.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 151.9k $1.8m | Added +10.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 140.8k $1.7m | Reduced -39.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 138.5k $1.7m | Reduced -181.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 138.0k $1.7m | Reduced -217 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 137.3k $1.6m | Reduced -126 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 132.1k $1.6m | Reduced -4.3k |
| CITIGROUP INC 0.00% of their portfolio | 127.2k $1.5m | Reduced -11.4k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 119.7k $1.4m | Reduced -30.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 117.7k $1.4m | Added +6.6k |
| LAWOOD & CO 1.33% of their portfolio | 117.0k $1.4m | First filing |
| Merit Financial Group, LLC 0.01% of their portfolio | 115.9k $1.4m | Added +273 |
| ST GERMAIN D J CO INC 0.05% of their portfolio | 97.4k $1.2m | Reduced -3.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 95.9k $1.2m | Added +69.3k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 95.3k $1.1m | Added +8.3k |
| Cerity Partners LLC 0.00% of their portfolio | 90.3k $1.1m | Added +59.2k |
| BAYVIEW ASSET MANAGEMENT, LLC 0.97% of their portfolio | 90.0k $1.1m | New |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.02% of their portfolio | 85.8k $1.0m | Added +1.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 85.6k $1.0m | Added +49.7k |
| &PARTNERS 0.01% of their portfolio | 82.3k $987.7k | Added +1.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 80.9k $970.9k | Added +1.6k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 80.6k $967.6k | Reduced -36.4k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 79.5k $953.0k | Added +821 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 78.5k $941.7k | Reduced -4.1k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 75.0k $899.4k | Reduced -1.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 70.0k $839.9k | Added +716 |
| SG Americas Securities, LLC 0.00% of their portfolio | 68.7k $824.0k | Added +27.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 68.6k $822.9k | Reduced -3.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 67.5k $809.7k | Reduced -4 |
| COMERICA BANK 0.00% of their portfolio | 67.3k $807.7k | Reduced -7.9k |
| Engineers Gate Manager LP 0.01% of their portfolio | 66.9k $803.2k | New |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 66.9k $802.8k | Reduced -300 |
| AlphaQuest LLC 0.04% of their portfolio | 63.7k $764.8k | Added +3.1k |
| Elo Mutual Pension Insurance Co 0.01% of their portfolio | 63.6k $763.0k | Added +6.6k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 63.1k $757.7k | Added +1.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 63.0k $755.8k | Added +4.1k |
| Mariner, LLC 0.00% of their portfolio | 62.8k $754.1k | Reduced -18.6k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 62.5k $749.1k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 62.5k $749.8k | Reduced -4.3k |
| Graham Capital Management, L.P. 0.03% of their portfolio | 62.0k $744.4k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 57.7k $692.4k | Reduced -64.0k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 56.4k $677.2k | Reduced -19.5k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 54.1k $649.7k | Added +42.7k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 0.03% of their portfolio | 51.3k $616.2k | Reduced -65.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 48.1k $577.2k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 47.2k $566.5k | Added +16.2k |