Who Owns MDU Resources Group, Inc. (MDU)?Hedge Fund & Institutional Holders

$20.79-0.31 (-1.47%)IndustrialsNYSE

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

Infinity%

QoQ Change in Holders

+5 / -6

Price History

$13.70$15.61$17.52$19.43$21.34Aug 24Jun 25Mar 26

MDU — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Entropy Technologies, LPIncreased+20K+$1000.0B
EARNEST PARTNERS LLCIncreased+8.7M+$171.4B
BANK OF AMERICA CORP /DE/Increased+5.0M+$117.0B
BARROW HANLEY MEWHINNEY & STRAUSS LLCIncreased+3.8M+$89.1B
SEI INVESTMENTS COIncreased+4.3M+$84.5B
FIRST TRUST ADVISORS LPIncreased+4.3M+$82.9B
WESTWOOD HOLDINGS GROUP INCNew Position+1.8M+$34.2B
NEW YORK STATE COMMON RETIREMENT FUNDNew Position+1.4M+$27.0B
DIMENSIONAL FUND ADVISORS LPIncreased+268K+$19.1B
PRINCIPAL FINANCIAL GROUP INCNew Position+971K+$18.9B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/New Position+899K+$17.6B
HITE Hedge Asset Management LLCNew Position+690K+$13.5B
UBS Group AGIncreased+588K+$13.1B
WELLS FARGO & COMPANY/MNIncreased+654K+$12.1B
CITADEL ADVISORS LLCIncreased+526K+$12.0B

MDU — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
Corvex Management LPClosed Position-4.2M-$74.5B
MACQUARIE GROUP LTDDecreased-3.1M-$55.3B
AMERICAN CENTURY COMPANIES INCDecreased-1.1M-$19.5B
MILLENNIUM MANAGEMENT LLCDecreased-773K-$14.1B
JUPITER ASSET MANAGEMENT LTDClosed Position-707K-$12.6B
GOLDMAN SACHS GROUP INCDecreased-672K-$11.5B
Squarepoint Ops LLCClosed Position-520K-$9.3B
Nuveen, LLCDecreased-504K-$9.3B
Aberdeen Group plcClosed Position-346K-$6.1B
CAISSE DE DEPOT ET PLACEMENT DU QUEBECClosed Position-318K-$5.7B
Sourcerock Group LLCClosed Position-300K-$5.4B
M&T BANK CORPDecreased-304K-$5.2B
AQR CAPITAL MANAGEMENT LLCDecreased-248K-$4.5B
Verition Fund Management LLCDecreased-156K-$4.5B
PRUDENTIAL FINANCIAL INCDecreased-202K-$4.0B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1Entropy Technologies, LP68,315$1.0T54.26%Share
2BARROW HANLEY MEWHINNEY & STRAUSS LLC12,894,945$251.7B838.22%Share
3EARNEST PARTNERS LLC9,946,196$194.1B831.99%Share
4DIMENSIONAL FUND ADVISORS LP9,498,631$185.0B38.81%Share
5BANK OF AMERICA CORP /DE/5,217,907$101.0B7.35%Share
6SEI INVESTMENTS CO5,081,941$99.0B97.72%Share
7River Road Asset Management, LLC4,707,042$91.9B1007.79%Share
8FIRST TRUST ADVISORS LP4,434,382$86.0B62.50%Share
9FRONTIER CAPITAL MANAGEMENT CO LLC2,615,969$51.1B541.86%Share
10CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,207,523$43.0B6.68%Share
11WESTWOOD HOLDINGS GROUP INC1,752,574$34.2B278.14%Share
12Invesco Ltd.1,735,978$33.9B5.20%Share
13US BANCORP \DE\1,682,337$32.8B38.48%Share
14CITADEL ADVISORS LLC1,651,167$32.0B4.81%Share
15MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,606,081$31.0B46.37%Share
16Bragg Financial Advisors, Inc1,437,711$28.0B0.91%Share
17NEW YORK STATE COMMON RETIREMENT FUND1,408,995$27.0B36.03%Share
18UBS Group AG1,325,015$25.9B4.19%Share
19ADAGE CAPITAL PARTNERS GP, L.L.C.1,200,000$23.0B34.81%Share
20NORTHERN TRUST CORP1,182,822$23.0B2.93%Share
21HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC1,177,200$23.0B68.63%Share
22Neuberger Berman Group LLC1,165,680$22.0B16.38%Share
23PRINCIPAL FINANCIAL GROUP INC965,047$18.8B9.62%Share
24MASSACHUSETTS FINANCIAL SERVICES CO /MA/899,148$17.6B5.66%Share
25HITE Hedge Asset Management LLC690,000$13.5B0.86%Share
26PUBLIC SECTOR PENSION INVESTMENT BOARD707,199$13.0B43.65%Share
27WELLS FARGO & COMPANY/MN653,363$12.0B2.19%Share
28VICTORY CAPITAL MANAGEMENT INC619,235$12.0B6.77%Share
29Brandywine Global Investment Management, LLC596,653$11.0B73.77%Share
30GOLDMAN SACHS GROUP INC579,298$11.0B1.36%Share
31LOOMIS SAYLES & CO L P596,995$11.0B13.26%Share
32BANK OF AMERICA CORP /DE/565,216$11.0B0.80%Share
33JPMORGAN CHASE & CO531,539$10.0B0.63%Share
34AQR CAPITAL MANAGEMENT LLC560,296$10.0B5.25%Share
35Alyeska Investment Group, L.P.550,000$10.0B28.25%Share
36Gotham Asset Management, LLC515,879$10.0B36.51%Share
37Covalis Capital LLP500,000$9.8B0.69%Share
38NEEDHAM INVESTMENT MANAGEMENT LLC497,000$9.7B0.61%Share
39Legal & General Group Plc509,711$9.0B2.00%Share
40RHUMBLINE ADVISERS488,678$9.0B7.28%Share
41Ghisallo Capital Management LLC451,229$8.8B0.39%Share
42GABELLI FUNDS LLC417,260$8.0B54.16%Share
43RAYMOND JAMES FINANCIAL INC429,672$8.0B2.49%Share
44CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM427,518$8.0B4.57%Share
45AMERIPRISE FINANCIAL INC408,270$7.0B1.58%Share
46Swiss National Bank382,790$7.0B4.17%Share
47BARCLAYS PLC367,158$7.0B1.68%Share
48COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS384,308$7.0B35.47%Share
49Hudson Value Partners, LLC341,046$6.7B2.00%Share
50Legal & General Group Plc334,154$6.0B1.33%Share

MDU Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025403$3.0T+123
Q3 2025280$1.4T-70
Q2 2025350$1.2T-48
Q1 2025398$2.1T+49
Q4 2024349$8.5T+48
Q3 2024301$115.9T+11
Q2 2024290$150.4T-1
Q1 2024291$286.1T—

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As of Q4 2025, 50 institutional investors hold MDU (MDU Resources Group, Inc.). The largest holder is Entropy Technologies, LP with $1.0T in shares. This quarter, 5 institutions opened new positions and 6 closed their positions.

Frequently Asked Questions

How many hedge funds own MDU?

As of Q4 2025, 50 institutional investors report holding MDU (MDU Resources Group, Inc.) in their 13F filings.

Who is the largest institutional holder of MDU?

The largest institutional holder of MDU is Entropy Technologies, LP with $1.0T in shares.

Is institutional ownership of MDU increasing or decreasing?

This quarter, 5 institutions opened new positions in MDU and 6 closed their positions.