MDU
MDU Resources Group, Inc. · Utilities · Regulated Gas
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow +16.1% ·
net new positions +20.0%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| 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 | State Street Global Advisors ✦ (passive) | 6.63M | -3.5% | $112.95M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 3.42M | -2.7% | $57.82M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 3.42M | -2.7% | $57.82M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 4 | Norges Bank ✦ (passive) | 2.35M | +3.4% | $39.66M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 5 | Adage Capital Partners ✦ | 1.55M | +195.0% | $26.19M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 6 | AQR Capital Management ✦ | 1.54M | +40.5% | $25.62M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 7 | AQR Capital Management ✦ | 1.54M | +40.5% | $25.62M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 8 | AQR Capital Management ✦ | 1.54M | +40.5% | $25.62M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 1.54M | +40.5% | $25.62M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 10 | Millennium Management ✦ | 1.34M | +103.0% | $22.73M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 11 | Renaissance Technologies ✦ | 346.55K | New | $5.86M | 0.0% | New | 1 | SEC ↗ |
| 12 | Bridgewater Associates ✦ | 194.66K | New | $3.29M | 0.0% | New | 1 | SEC ↗ |
| 13 | Gotham Asset Management ✦ | 177.15K | +438.1% | $3.00M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 14 | T. Rowe Price ✦ | 138.89K | +7.5% | $2.35M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 15 | Citadel Advisors ✦ | 48.51K | -74.6% | $820,372 | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 16 | GAMCO Investors ✦ | 17.60K | -2.2% | $297,616 | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 17 | Marshall Wace ✦ | 17.13K | New | $289,685 | 0.0% | New | 1 | SEC ↗ |
| 18 | Marshall Wace ✦ | 17.13K | New | $289,685 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Renaissance Technologies | $5.86M | 0.0% |
| Bridgewater Associates | $3.29M | 0.0% |
| Marshall Wace | $289,685 | 0.0% |
| Marshall Wace | $289,685 | 0.0% |
Exited
| No tracked exits this quarter. |
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.