NORTHWEST NAT HLDG CO NWN
COM · Common Stock · CUSIP 66765N105
American publicly-traded utility headquartered in Portland, Oregon, United States
- SectorUtilities
- IndustryNatural Gas Distribution
- HeadquartersPortland, OR
- Founded1859
- Websitenwnatural.com
- 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 ($9.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.72. Options: 5 managers hold calls ($1.5m notional), 4 hold puts ($642.9k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 234 |
| Q4 2022 | 240 |
| Q1 2023 | 258 |
| Q2 2023 | 250 |
| Q3 2023 | 231 |
| Q4 2023 | 244 |
| Q1 2024 | 247 |
| Q2 2024 | 245 |
| Q3 2024 | 259 |
| Q4 2024 | 263 |
| Q1 2025 | 281 |
| Q2 2025 | 284 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 113 | 113 |
| Q4 2023 | 115 | 94 |
| Q1 2024 | 132 | 107 |
| Q2 2024 | 128 | 104 |
| Q3 2024 | 114 | 116 |
| Q4 2024 | 132 | 95 |
| Q1 2025 | 143 | 99 |
| Q2 2025 | 162 | 113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.5m | $697.8k | 0.28 |
| Q4 2024 | $1.6m | $382.8k | 0.24 |
| Q1 2025 | $2.1m | $1.4m | 0.67 |
| Q2 2025 | $1.5m | $642.9k | 0.43 |
Biggest buyers
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | New | +1.2m |
| PRUDENTIAL FINANCIAL INC | Added | +227.3k |
| NATIXIS ADVISORS, LLC | Added | +208.4k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Added | +161.0k |
| STATE STREET CORP | Added | +131.0k |
| DARK FOREST CAPITAL MANAGEMENT LP | Added | +80.2k |
| CSM Advisors, LLC | New | +79.1k |
| Regency Capital Management Inc.\DE | New | +74.1k |
| TWO SIGMA INVESTMENTS, LP | New | +68.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +64.1k |
Biggest sellers
| Nuveen, LLC | Reduced | -274.8k |
| Edgestream Partners, L.P. | Sold out | -183.8k |
| Qube Research & Technologies Ltd | Sold out | -101.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -100.1k |
| JPMORGAN CHASE & CO | Reduced | -92.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -87.0k |
| BlackRock, Inc. | Reduced | -79.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -74.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -73.0k |
| Inspire Advisors, LLC | Sold out | -65.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $929.4k23.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $357.5k9.0k shares |
| GROUP ONE TRADING LLC | Reduced | $170.8k4.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $47.0k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $540.2k13.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $55.0k1.4k shares |
| GROUP ONE TRADING LLC | Added | $47.7k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution -1.5 pts · filed 2026-04-24 | 15.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: STATE STREET CORP (4.0%, 2026-05-12), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $21.3k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $17 | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $298.4k | $298.4k |
| Q1 2025 | 0 | — | 2 | $1.9m | $1.8m |
| Q2 2025 | 0 | — | 1 | $931.3k | $608.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-20 | ANDERSON DAVID HUGO Director | Sold plan | $297.6k7.5k shares |
| 2025-05-21 | ANDERSON DAVID HUGO Director | Sold plan | $311.2k7.6k shares |
| 2025-04-21 | ANDERSON DAVID HUGO Director | Sold | $322.5k7.5k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.7m $265.1m | Reduced -79.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.8m $190.0m | Added +27.2k |
| STATE STREET CORP 0.00% of their portfolio | 2.1m $82.7m | Added +131.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.45% of their portfolio | 1.2m $48.6m | New |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.0m $41.1m | Reduced -39.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 956.8k $38.0m | Added +5.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.44% of their portfolio | 940.5k $37.4m | Added +161.0k |
| Invesco Ltd. 0.01% of their portfolio | 857.4k $34.1m | Reduced -22.9k |
| MORGAN STANLEY 0.00% of their portfolio | 769.4k $30.6m | Reduced -31.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 727.6k $28.9m | Added +1.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 610.5k $24.2m | Reduced -24.1k |
| GABELLI FUNDS LLC 0.15% of their portfolio | 520.0k $20.7m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 458.2k $18.2m | Added +32.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 446.4k $17.7m | Reduced -2.3k |
| MetLife Investment Management, LLC 0.09% of their portfolio | 371.4k $14.8m | Added +2.8k |
| GAMCO INVESTORS, INC. ET AL 0.14% of their portfolio | 363.7k $14.4m | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 359.1k $14.3m | Added +13.7k |
| Glenmede Investment Management, LP 0.07% of their portfolio | 337.7k $13.4m | First filing |
| THOMPSON SIEGEL & WALMSLEY LLC 0.23% of their portfolio | 335.9k $13.3m | Added +60.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 301.2k $12.0m | Reduced -92.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 275.6k $10.9m | Reduced -54.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 266.7k $10.6m | Added +227.3k |
| Legal & General Group Plc 0.00% of their portfolio | 266.4k $10.6m | Added +6.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 264.0k $10.5m | Reduced -74.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 247.1k $9.8m | Added +23.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 235.6k $9.4m | Added +30.0k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 218.8k $8.7m | Added +208.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 212.5k $8.4m | Added +47.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 207.6k $8.2m | Added +35.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 199.9k $7.9m | Added +48 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 192.2k $7.6m | Reduced -18.0k |
| Dana Investment Advisors, Inc. 0.22% of their portfolio | 168.5k $6.7m | Reduced -2.7k |
| ProShare Advisors LLC 0.01% of their portfolio | 164.0k $6.5m | Reduced -18.7k |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 139.2k $5.5m | Reduced -5.3k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 137.4k $5.5m | Added +10.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 132.5k $5.3m | Added +7.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 132.0k $5.2m | Added +980 |
| Advisors Asset Management, Inc. 0.09% of their portfolio | 131.9k $5.2m | Reduced -1.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 125.9k $5.0m | Added +19.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 110.4k $4.4m | Reduced -100.1k |
| EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio | 109.1k $4.3m | Reduced -4.6k |
| GRACE & WHITE INC /NY 0.73% of their portfolio | 100.6k $4.0m | Added +1.2k |
| Nuveen, LLC 0.00% of their portfolio | 99.9k $4.0m | Reduced -274.8k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.15% of their portfolio | 91.1k $3.6m | Added +80.2k |
| BARCLAYS PLC 0.00% of their portfolio | 84.6k $3.4m | Added +27.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 83.7k $3.3m | Added +64.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 82.0k $3.3m | Reduced -87.0k |
| CSM Advisors, LLC 0.09% of their portfolio | 79.1k $3.1m | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 77.6k $3.1m | Added +1.3k |
| Swiss National Bank 0.00% of their portfolio | 76.8k $3.1m | Reduced -1.0k |
| Regency Capital Management Inc.\DE 1.54% of their portfolio | 74.1k $2.9m | New |
| Penn Capital Management Company, LLC 0.25% of their portfolio | 73.9k $2.9m | Added +32.1k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 71.8k $2.9m | Reduced -29 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 69.1k $2.7m | Reduced -20.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 68.5k $2.7m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 66.4k $2.6m | Added +3.9k |
| UBS Group AG 0.00% of their portfolio | 65.9k $2.6m | Reduced -45.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 62.1k $2.5m | Added +100 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 59.8k $2.4m | Reduced -13.3k |
| HENNESSY ADVISORS INC 0.08% of their portfolio | 57.8k $2.3m | Added +1.5k |
| AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio | 51.6k $2.0m | Added +2.1k |
| MARTINGALE ASSET MANAGEMENT L P 0.05% of their portfolio | 51.1k $2.0m | Added +1.2k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% of their portfolio | 50.4k $2.0m | Added +2.3k |
| WINTON GROUP Ltd 0.10% of their portfolio | 48.4k $1.9m | New |
| Maryland State Retirement & Pension System 0.04% of their portfolio | 48.0k $1.9m | Added +2.3k |
| North Star Investment Management Corp. 0.13% of their portfolio | 48.0k $1.9m | Unchanged |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 46.6k $1.9m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 46.5k $1.8m | Reduced -1.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 45.2k $1.8m | Added +3.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 45.0k $1.8m | Added +27.3k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 44.5k $1.8m | Reduced -48.3k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 44.1k $1.8m | Added +34.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 43.7k $1.7m | Added +20.7k |
| CITIGROUP INC 0.00% of their portfolio | 43.3k $1.7m | Reduced -21.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 42.1k $1.7m | Added +3.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 40.1k $1.6m | Added +4.7k |
| NORGES BANK 0.00% of their portfolio | 36.0k $1.4m | Reduced -28.2k |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 35.4k $1.4m | Added +9.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 35.3k $1.4m | Reduced -29.6k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 35.3k $1.4m | Added +11.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 33.3k $1.3m | Reduced -2.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 31.1k $1.2m | Reduced -10.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 30.1k $1.2m | Added +4.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 30.0k $1.2m | Added +378 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 29.8k $1.2m | Added +2.6k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 29.6k $1.2m | Added +163 |
| US BANCORP \DE\ 0.00% of their portfolio | 29.4k $1.2m | Reduced -31 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 29.0k $1.2m | Reduced -2.0k |
| Cubist Systematic Strategies, LLC 0.01% of their portfolio | 28.6k $1.1m | New |
| COMERICA BANK 0.00% of their portfolio | 27.0k $1.1m | Added +1.3k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 26.7k $1.1m | Added +18.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 24.9k $988.8k | Reduced -114 |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 24.0k $952.0k | Added +1.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 23.4k $928.3k | Added +2.0k |
| LPL Financial LLC 0.00% of their portfolio | 22.1k $878.8k | Added +1.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 22.1k $876.3k | Reduced -3.2k |
| Magellan Asset Management Ltd 0.01% of their portfolio | 21.7k $860.8k | Added +726 |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 21.6k $856.9k | Added +1.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 21.0k $834.0k | Added +1.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 20.4k $811.5k | Added +13.5k |