MDU
MDU Resources Group, Inc. · Utilities · Regulated Gas
Momentum inputs (comparable managers):
holder breadth +9.1% ·
share flow +9.7% ·
net new positions +8.3%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 105 | -4 | 120.40M | $2.56B | +3 | −6 |
| Q1 2026 | 111 | 0 | 117.59M | $2.44B | +8 | −9 |
| Q4 2025 | 112 | -1 | 137.27M | $2.68B | +2 | −2 |
| Q3 2025 | 19 | +1 | 71.41M | $1.27B | +1 | −1 |
| Q2 2025 | 16 | 0 | 67.12M | $1.12B | +1 | −1 |
| Q1 2025 | 13 | +3 | 17.76M | $300.87M | +3 | — |
| Q4 2024 | 10 | -3 | 15.30M | $276.61M | — | −3 |
| Q3 2024 | 12 | +1 | 10.11M | $277.19M | +2 | −1 |
| Q2 2024 | 11 | — | 9.22M | $231.48M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Geode Capital Management ✦ (passive) | 3.72M | +1.8% | $101.98M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 3.72M | +1.8% | $101.98M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 3 | Norges Bank ✦ (passive) | 2.38M | +1.2% | $65.33M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | AQR Capital Management ✦ | 1.56M | -10.8% | $42.66M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 5 | AQR Capital Management ✦ | 1.56M | -10.8% | $42.66M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 6 | AQR Capital Management ✦ | 1.56M | -10.8% | $42.66M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 7 | Citadel Advisors ✦ | 1.05M | New | $28.86M | 0.0% | New | 1 | SEC ↗ |
| 8 | Citadel Advisors ✦ | 1.05M | New | $28.86M | 0.0% | New | 1 | SEC ↗ |
| 9 | Two Sigma Investments ✦ | 384.75K | -18.2% | $10.55M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 10 | Millennium Management ✦ | 327.17K | +35.9% | $8.97M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 11 | Point72 Asset Management ✦ | 240.41K | -45.6% | $6.59M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 12 | Adage Capital Partners ✦ | 200.00K | New | $5.48M | 0.0% | New | 1 | SEC ↗ |
| 13 | T. Rowe Price ✦ | 117.63K | +12.3% | $3.23M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 14 | Gotham Asset Management ✦ | 77.93K | -43.7% | $2.14M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 15 | Marshall Wace ✦ | 33.48K | +28.1% | $917,823 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 16 | GAMCO Investors ✦ | 18.20K | 0.0% | $498,862 | 0.0% | Held | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Citadel Advisors | $28.86M | 0.0% |
| Citadel Advisors | $28.86M | 0.0% |
| Adage Capital Partners | $5.48M | 0.0% |
Exited
| Renaissance Technologies | $665,828 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 415 holders, 190.89M shares, $3.79B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.