Mdu Resources GroupMDU
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 406 institutions reported holding Mdu Resources Group Inc. (MDU) in their 13F filings, unchanged from Q2 2025. 50 opened new positions and 46 sold out. The largest holders were BlackRock, Inc. ($459.2M), Vanguard Group Inc. ($414.2M) and Dimensional Fund Advisors LP ($173.9M). 7 famous investors held it, including Joel Greenblatt (0.0% of Gotham Asset Management's portfolio), Mario Gabelli (0.0% of GAMCO Investors's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Mdu Resources Group Inc.
- CUSIP
- 552690109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 50 | $68.1M |
| Exits | 46 | $86.0M |
All 13F filers, Q2 2025 → Q3 2025: 20,802,124 shares bought and 14,298,564 shares sold, net +6,503,560 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 406 holders
| BlackRock, Inc. | 0.01% | Add +3.1% | 25,785,693 | $459.2M |
| Vanguard Group Inc. | 0.01% | Reduce -0.2% | 23,257,468 | $414.2M |
| Dimensional Fund Advisors LP | 0.04% | Add +3.6% | 9,764,097 | $173.9M |
| Barrow Hanley Mewhinney & Strauss LLC | 0.52% | Add +4.0% | 9,128,208 | $162.6M |
| State Street Corp. | 0.00% | Add +4.5% | 6,840,360 | $122.8M |
| River Road Asset Management, LLC | 1.06% | Add +249.6% | 5,289,982 | $94.2M |
| Corvex Management LP | 2.67% | No change | 4,183,151 | $74.5M |
| Morgan Stanley | 0.00% | Add +2.3% | 3,659,171 | $65.2M |
| Geode Capital Management, LLC | 0.00% | Reduce -1.0% | 3,393,773 | $60.5M |
| Macquarie Group Ltd. | 0.07% | Reduce -4.3% | 3,218,809 | $57.3M |
| Frontier Capital Management Co. LLC | 0.48% | Add +7.2% | 2,991,976 | $53.3M |
| Bank of New York Mellon Corp | 0.01% | Add +34.8% | 2,592,343 | $46.2M |
| T. Rowe Price Investment Management, Inc. | 0.03% | Add +236.5% | 2,509,193 | $44.7M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -19.2% | 1,987,365 | $35.4M |
| Invesco Ltd. | 0.01% | Reduce -15.7% | 1,971,502 | $35.1M |
| Allspring Global Investments Holdings, LLC | 0.06% | Reduce -11.3% | 1,961,873 | $34.5M |
| US Bancorp \de | 0.04% | Reduce -0.6% | 1,702,820 | $30.3M |
| Northern Trust Corp. | 0.00% | Add +5.3% | 1,584,328 | $28.2M |
| Deroy & Devereaux Private Investment Counsel Inc. | 1.41% | Add +0.8% | 1,577,477 | $28.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.05% | Add +2.3% | 1,568,787 | $27.9M |
| Hotchkis & Wiley Capital Management LLC | 0.08% | Reduce -8.2% | 1,411,170 | $25.1M |
| Bragg Financial Advisors, Inc | 0.77% | Add +0.6% | 1,309,973 | $23.3M |
| Earnest Partners LLC | 0.10% | New | 1,278,059 | $22.8M |
| Goldman Sachs Group Inc. | 0.00% | Add +155.7% | 1,265,263 | $22.5M |
| American Century Companies Inc. | 0.01% | Reduce -50.8% | 1,261,942 | $22.5M |
| Neuberger Berman Group LLC | 0.02% | Reduce -0.2% | 1,197,349 | $21.3M |
| Citadel Advisors | 0.02% | Add +317.2% | 1,178,299 | $21.0M |
| Bank of America Corp. | 0.00% | Add +13.6% | 1,136,411 | $20.2M |
| Millennium Management | 0.02% | Add +5.2% | 1,126,909 | $20.1M |
| Managed Asset Portfolios, LLC | 2.38% | Add +2.5% | 1,077,132 | $19.2M |
| Sei Investments Co. | 0.02% | Add +853.2% | 1,038,077 | $18.5M |
| Natixis Advisors, LLC | 0.03% | Add +1712.5% | 1,036,996 | $18.5M |
| Adage Capital Partners Gp, L.L.C. | 0.03% | Reduce -54.5% | 1,000,000 | $17.8M |
| Principal Financial Group Inc. | 0.01% | Reduce -2.7% | 980,148 | $17.5M |
| UBS Group AG | 0.00% | Reduce -7.6% | 975,640 | $17.4M |
| Legal & General Group Plc | 0.00% | Add +41.1% | 971,212 | $17.3M |
| Massachusetts Financial Services Co. | 0.01% | Reduce -3.4% | 931,320 | $16.6M |
| AQR Capital Management | 0.01% | Reduce -26.8% | 815,092 | $14.5M |
| Nuveen, LLC | 0.00% | Add +52.4% | 800,239 | $14.3M |
| Public Sector Pension Investment Board | 0.05% | Add +14.4% | 796,977 | $14.2M |
| FMR LLC | 0.00% | Add +36.9% | 738,617 | $13.2M |
| Jupiter Asset Management Ltd. | 0.11% | New | 707,397 | $12.6M |
| Thrivent Financial for Lutherans | 0.02% | Add +35.5% | 685,347 | $12.2M |
| Loomis Sayles & Co. L P | 0.01% | Reduce -4.6% | 673,389 | $12.0M |
| Victory Capital Management Inc. | 0.01% | Add +32.0% | 647,685 | $11.5M |
| Brandywine Global Investment Management, LLC | 0.08% | Reduce -3.6% | 618,453 | $11.0M |
| Gotham Asset Management | 0.05% | Add +9.0% | 581,393 | $10.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -15.1% | 560,460 | $10.0M |
| Ameriprise Financial Inc. | 0.00% | Reduce -9.6% | 549,772 | $9.8M |
| JPMorgan Chase & Co. | 0.00% | Reduce -8.9% | 531,218 | $9.5M |
| Squarepoint Ops LLC | 0.02% | Add +0.1% | 520,097 | $9.3M |
| Needham Investment Management LLC | 0.65% | Add +32.0% | 520,000 | $9.3M |
| Jacobs Levy Equity Management, Inc. | 0.04% | Reduce -41.0% | 514,603 | $9.2M |
| Rhumbline Advisers | 0.01% | Reduce -1.1% | 481,070 | $8.6M |
| Ancora Advisors LLC | 0.16% | Reduce -26.1% | 445,838 | $7.9M |
| Gabelli Funds LLC | 0.05% | Add +0.3% | 435,768 | $7.8M |
| Russell Investments Group, Ltd. | 0.01% | Reduce -10.0% | 435,330 | $7.8M |
| California Public Employees Retirement System | 0.00% | Reduce -13.8% | 403,040 | $7.2M |
| Baird Financial Group, Inc. | 0.01% | Reduce -1.8% | 402,667 | $7.2M |
| Raymond James Financial Inc. | 0.00% | Add +435.7% | 394,654 | $7.0M |
| Prudential Financial Inc. | 0.01% | Add +44.0% | 392,017 | $7.0M |
| John G Ullman & Associates Inc. | 0.94% | Reduce -0.7% | 391,720 | $7.0M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.03% | Add +635.3% | 385,759 | $6.9M |
| Swiss National Bank | 0.00% | Add +1.5% | 376,390 | $6.7M |
| Aberdeen Group plc | 0.01% | New | 345,598 | $6.1M |
| Envestnet Asset Management Inc. | 0.00% | Add +61.3% | 343,454 | $6.1M |
| Quantinno Capital Management LP | 0.02% | Add +7.0% | 341,332 | $6.1M |
| Hudson Value Partners, LLC | 1.89% | Reduce -2.9% | 339,021 | $6.0M |
| State Board of Administration of Florida Retirement System | 0.01% | Reduce -0.7% | 329,093 | $5.9M |
| Caisse de depot et placement du Quebec | 0.01% | Add +361.9% | 317,731 | $5.7M |
| M&T Bank Corp | 0.02% | Reduce -0.7% | 315,349 | $5.6M |
| Kestrel Investment Management Corp. | 3.11% | No change | 309,600 | $5.5M |
| Sourcerock Group LLC | 0.36% | New | 300,483 | $5.4M |
| Deutsche Bank AG | 0.00% | Add +370.9% | 296,105 | $5.3M |
| New York State Common Retirement Fund | 0.01% | Add +274.0% | 292,158 | $5.2M |
| HRT Financial LP | 0.02% | Add +203.1% | 277,415 | $4.9M |
| Capital Fund Management S.A. | 0.05% | Add +39.4% | 277,231 | $4.9M |
| Creative Planning | 0.00% | Add +5.9% | 269,967 | $4.8M |
| Angeles Investment Advisors, LLC | 0.30% | No change | 258,331 | $4.6M |
| Captrust Financial Advisors | 0.01% | Add +9.7% | 252,731 | $4.5M |
| Verition Fund Management LLC | 0.03% | Add +126.3% | 251,566 | $4.5M |
| New York State Teachers Retirement System | 0.01% | Reduce -0.2% | 240,664 | $4.3M |
| Advisors Asset Management, Inc. | 0.07% | Add +5.5% | 225,410 | $4.0M |
| Comerica Bank | 0.01% | Add +55.1% | 198,791 | $3.5M |
| GAMCO Investors | 0.03% | Reduce -5.7% | 197,997 | $3.5M |
| California State Teachers Retirement System | 0.00% | Add +0.0% | 193,625 | $3.4M |
| Balyasny Asset Management L.P. | 0.01% | New | 189,666 | $3.4M |
| Hennessy Advisors Inc. | 0.11% | Reduce -89.8% | 184,907 | $3.3M |
| Citigroup Inc. | 0.00% | Add +36.7% | 178,904 | $3.2M |
| First Trust Advisors LP | 0.00% | Add +4.7% | 174,479 | $3.1M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -1.6% | 172,205 | $3.1M |
| Jones Financial Companies LLLP | 0.00% | Add +23.6% | 172,100 | $3.0M |
| Barclays PLC | 0.00% | Add +83.8% | 167,774 | $3.0M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.02% | Add +12.2% | 167,001 | $3.0M |
| Campbell & CO Investment Adviser LLC | 0.22% | Reduce -0.3% | 166,601 | $3.0M |
| Wells Fargo & Company | 0.00% | Reduce -42.4% | 164,011 | $2.9M |
| Commonwealth Equity Services, LLC | 0.00% | Add +4.2% | 161,683 | $2.9M |
| T. Rowe Price Associates Inc. | 0.00% | Add +7.5% | 154,757 | $2.8M |
| GW&K Investment Management, LLC | 0.02% | Reduce -3.4% | 153,915 | $2.7M |
| State of Wisconsin Investment Board | 0.01% | Reduce -4.5% | 153,798 | $2.7M |
| Cerity Partners LLC | 0.00% | Add +4.7% | 151,878 | $2.7M |
| Bridgewater Associates | 0.01% | Add +651.6% | 149,167 | $2.7M |
| Bokf, NA | 0.04% | Reduce -2.5% | 145,132 | $2.6M |
| Amundi | 0.00% | Add +324.3% | 143,332 | $2.6M |
| Stifel Financial Corp. | 0.00% | Add +2.5% | 141,453 | $2.5M |
| LPL Financial LLC | 0.00% | Reduce -18.1% | 131,560 | $2.3M |
| CPC Advisors, LLC | 0.25% | Add +36.9% | 131,491 | $2.3M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +16.7% | 130,096 | $2.3M |
| Marshall Wace, LLP | 0.00% | New | 129,457 | $2.3M |
| First Manhattan Co. Llc. | 0.01% | Reduce -5.1% | 124,324 | $2.2M |
| Alpine Global Management, LLC | 0.59% | New | 124,438 | $2.2M |
| Man Group plc | 0.00% | Add +48.3% | 111,339 | $2.0M |
| State of Alaska, Department of Revenue | 0.02% | Reduce -10.3% | 109,189 | $1.9M |
| Alliancebernstein L.P. | 0.00% | Reduce -38.3% | 107,073 | $1.9M |
| State of Tennessee, Department of Treasury | 0.01% | Add +12.3% | 106,696 | $1.9M |
| Illinois Municipal Retirement Fund | 0.02% | Reduce -5.7% | 104,641 | $1.9M |
| Bleakley Financial Group, LLC | 0.04% | Reduce -6.3% | 103,922 | $1.9M |
| Cascade Investment Advisors, Inc. | 1.11% | Add +3.6% | 102,931 | $1.8M |
| Washington Trust Bank | 0.13% | No change | 100,341 | $1.8M |
| ExodusPoint Capital Management, LP | 0.02% | Add +65.5% | 97,111 | $1.7M |
| Lazard Asset Management LLC | 0.00% | Add +2265.3% | 94,941 | $1.7M |
| Louisiana State Employees Retirement System | 0.03% | Reduce -1.7% | 93,900 | $1.7M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Reduce -55.7% | 91,219 | $1.6M |
| Treasurer of the State of North Carolina | 0.01% | Reduce -76.9% | 91,171 | $1.6M |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Add +17.0% | 91,030 | $1.6M |
| Catalyst Capital Advisors LLC | 0.03% | No change | 89,410 | $1.6M |
| Cetera Investment Advisers | 0.00% | Add +53.2% | 88,062 | $1.6M |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +11.3% | 87,370 | $1.6M |
| SummitTX Capital, L.P. | 0.06% | Add +1.6% | 86,600 | $1.5M |
| Weiss Asset Management LP | 0.03% | New | 83,498 | $1.5M |
| Royal Bank of Canada | 0.00% | Add +34.7% | 83,068 | $1.5M |
| Register Financial Advisors LLC | 0.58% | Reduce -2.6% | 83,020 | $1.5M |
| D.A. Davidson & Co. | 0.01% | Reduce -7.1% | 82,432 | $1.5M |
| Mackenzie Financial Corp. | 0.00% | Add +142.4% | 82,317 | $1.5M |
| NewEdge Advisors, LLC | 0.01% | Add +33.8% | 81,952 | $1.5M |
| Riverwater Partners LLC | 0.60% | Add +3.9% | 81,829 | $1.5M |
| Public Employees Retirement System of Ohio | 0.00% | Add +0.2% | 80,427 | $1.4M |
| Osaic Holdings, Inc. | 0.00% | Add +227.4% | 81,861 | $1.4M |
| Aquatic Capital Management LLC | 0.03% | Reduce -37.7% | 80,337 | $1.4M |
| Janus Henderson Group PLC | 0.00% | No change | 80,053 | $1.4M |
| Guggenheim Capital LLC | 0.01% | Add +7.2% | 73,825 | $1.3M |
| Boothbay Fund Management, LLC | 0.03% | Add +484.2% | 71,477 | $1.3M |
| Van Eck Associates Corp. | 0.00% | New | 71,149 | $1.3M |
| Cladis Investment Advisory, LLC | 0.72% | Reduce -2.8% | 70,666 | $1.3M |
| HighTower Advisors, LLC | 0.00% | Add +99.7% | 69,889 | $1.2M |
| Robeco Institutional Asset Management B.V. | 0.00% | No change | 69,446 | $1.2M |
| Maven Securities LTD | 0.23% | Add +226.6% | 67,781 | $1.2M |
| Private Advisor Group, LLC | 0.01% | Reduce -4.0% | 67,249 | $1.2M |
| Jump Financial, LLC | 0.02% | Reduce -63.3% | 65,626 | $1.2M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +5.4% | 65,626 | $1.2M |
| Armistice Capital, LLC | 0.04% | New | 65,152 | $1.2M |
| Dakota Wealth Management | 0.02% | Reduce -8.3% | 63,109 | $1.1M |
| Yousif Capital Management, LLC | 0.01% | Reduce -18.9% | 63,452 | $1.1M |
| Amalgamated Bank | 0.01% | Add +1.9% | 62,733 | $1.1M |
| Walleye Capital LLC | 0.01% | Reduce -51.2% | 62,004 | $1.1M |
| Miller Howard Investments Inc. | 0.03% | Add +4.3% | 61,967 | $1.1M |
| Teachers Retirement System of the State of Kentucky | 0.01% | Reduce -5.8% | 57,992 | $1.0M |
| Arizona State Retirement System | 0.01% | Add +1.4% | 57,440 | $1.0M |
| Summit Trail Advisors, LLC | 0.01% | Add +318.0% | 56,805 | $1.0M |
| Voya Investment Management LLC | 0.00% | Add +150.8% | 56,818 | $1.0M |
| Brevan Howard Capital Management LP | 0.01% | New | 56,127 | $1000K |
| Elo Mutual Pension Insurance Co | 0.02% | Add +12.3% | 55,091 | $981K |
| Picton Mahoney Asset Management | 0.01% | Add +124054.6% | 54,628 | $972K |
| Moors & Cabot, Inc. | 0.04% | Add +12.7% | 53,742 | $957K |
| Clark Financial Services Group Inc. | 0.49% | No change | 52,269 | $931K |
| Landscape Capital Management, L.L.C. | 0.06% | New | 51,914 | $925K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -1.0% | 51,261 | $920K |
| Quantbot Technologies LP | 0.03% | Add +132.3% | 51,566 | $918K |
| Two Sigma Advisers, LP | 0.00% | Reduce -67.4% | 51,400 | $915K |
| Exchange Traded Concepts, LLC | 0.01% | New | 49,896 | $889K |
| Fox Run Management, L.L.C. | 0.14% | Reduce -25.1% | 49,366 | $879K |
| Entropy Technologies, LP | 0.06% | New | 47,890 | $853K |
| Renaissance Technologies | 0.00% | Reduce -74.8% | 46,750 | $833K |
| Oregon Public Employees Retirement Fund | 0.01% | Reduce -0.9% | 46,075 | $821K |
| Brown Brothers Harriman & Co. | 0.00% | Add +2.4% | 43,618 | $777K |
| Montgomery Investment Management Inc. | 0.27% | No change | 43,578 | $776K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -0.1% | 41,308 | $736K |
| Maryland State Retirement & Pension System | 0.02% | Reduce -42.8% | 40,976 | $730K |
| Bank of Montreal | 0.00% | Reduce -32.5% | 39,295 | $700K |
| Pictet Asset Management Holding SA | 0.00% | Reduce -9.8% | 38,004 | $677K |
| WINTON GROUP Ltd | 0.03% | Reduce -41.9% | 37,805 | $673K |
| Voloridge Investment Management, LLC | 0.00% | New | 37,299 | $664K |
| Caxton Associates LLP | 0.02% | Reduce -33.2% | 37,004 | $659K |
| PNC Financial Services Group, Inc. | 0.00% | Add +37.8% | 36,768 | $655K |
| Susquehanna International Group, LLP | 0.00% | Reduce -30.7% | 36,637 | $653K |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | Add +93.5% | 35,726 | $636K |
| Financial Engines Advisors L.L.C. | 0.00% | Reduce -18.7% | 35,440 | $631K |
| Westport Asset Management Inc. | 0.26% | No change | 35,000 | $623K |
| Angeles Wealth Management, LLC | 0.04% | No change | 33,481 | $596K |
| Bryce Point Capital, LLC | 0.72% | New | 33,324 | $594K |
| Cambria Investment Management, L.P. | 0.04% | Add +25.0% | 33,274 | $593K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +0.6% | 31,678 | $573K |
| Country Club Bank | 0.03% | Reduce -22.4% | 31,600 | $561K |
| Sterling Capital Management LLC | 0.01% | Reduce -3.9% | 30,907 | $550K |
| Jain Global LLC | 0.01% | Add +1.7% | 29,085 | $518K |
| New Age Alpha Advisors, LLC | 0.02% | Reduce -1.7% | 28,462 | $507K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -48.3% | 27,882 | $497K |
| Bailard, Inc. | 0.01% | No change | 27,788 | $495K |
| Brady Martz Wealth Solutions, LLC | 0.09% | Add +0.1% | 27,505 | $490K |
| Harbor Capital Advisors, Inc. | 0.04% | Reduce -72.3% | 27,382 | $488K |
| Clear Creek Financial Management, LLC | 0.04% | New | 27,346 | $487K |
| SG Americas Securities, LLC | 0.00% | New | 26,938 | $480K |
| Hancock Whitney Corp. | 0.01% | Add +36.5% | 26,607 | $474K |
| Corient Private Wealth LP | 0.00% | Add +10.9% | 26,515 | $472K |
| Cohen Capital Management, Inc. | 0.07% | No change | 26,324 | $469K |
| Arkadios Wealth Advisors | 0.01% | Add +2.8% | 26,280 | $468K |
| Two Sigma Investments, LP | 0.00% | Reduce -78.4% | 26,059 | $464K |
| Teacher Retirement System of Texas | 0.00% | Reduce -13.7% | 25,434 | $453K |
| Inspire Investing, LLC | 0.04% | Reduce -37.2% | 25,386 | $452K |
| SeaCrest Wealth Management, LLC | 0.05% | Reduce -2.2% | 24,299 | $449K |
| First PREMIER Bank | 0.10% | Reduce -1.9% | 25,095 | $447K |
| Gsa Capital Partners LLP | 0.03% | Reduce -48.0% | 23,138 | $412K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +2.5% | 22,414 | $408K |
| Allied Investment Advisors, LLC | 0.06% | Add +3.8% | 22,904 | $408K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -12.8% | 22,888 | $408K |
| Oppenheimer Asset Management Inc. | 0.00% | Reduce -2.4% | 22,441 | $400K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Reduce -11.2% | 22,313 | $397K |
| Ingalls & Snyder LLC | 0.01% | No change | 22,280 | $397K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 21,699 | $386K |
| Schonfeld Strategic Advisors LLC | 0.00% | Reduce -80.6% | 20,678 | $368K |
| Tidal Investments LLC | 0.00% | Reduce -45.5% | 20,566 | $366K |
| Forza Wealth Management, LLC | 0.14% | No change | 20,485 | $365K |
| Pathstone Holdings, LLC | 0.00% | New | 20,222 | $360K |
| Cascade Investment Group, Inc. | 0.24% | No change | 20,000 | $356K |
| CIBC Asset Management Inc | 0.00% | Reduce -1.4% | 19,055 | $339K |
| Inspire Advisors, LLC | 0.03% | Reduce -69.8% | 18,573 | $331K |
| Occudo Quantitative Strategies LP | 0.04% | New | 18,439 | $328K |
| Bayforest Capital Ltd | 0.15% | Reduce -61.9% | 17,838 | $318K |
| Palisade Asset Management, LLC | 0.03% | Reduce -1.1% | 17,500 | $312K |
| OneAscent Financial Services LLC | 0.02% | Reduce -66.9% | 17,166 | $306K |
| Lanark Financial, Inc. | 0.02% | No change | 17,146 | $305K |
| Cwm, LLC | 0.00% | Reduce -9.0% | 17,140 | $305K |
| BNP Paribas Financial Markets | 0.00% | Reduce -52.2% | 16,759 | $298K |
| Huntington National Bank | 0.00% | Add +0.0% | 16,534 | $294K |
| &partners | 0.00% | Add +47.0% | 15,895 | $287K |
| Sequoia Financial Advisors, LLC | 0.00% | New | 15,983 | $285K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 15,925 | $284K |
| Leuthold Group, LLC | 0.03% | Reduce -92.2% | 15,816 | $282K |
| Ashton Thomas Private Wealth, LLC | 0.01% | Reduce -2.5% | 15,408 | $277K |
| Apollon Wealth Management, LLC | 0.00% | Reduce -0.1% | 15,212 | $271K |
| Coldstream Capital Management Inc. | 0.00% | Add +1.1% | 15,051 | $268K |
| Y-Intercept (Hong Kong) Ltd | 0.01% | Reduce -73.1% | 14,927 | $266K |
| MSH Capital Advisors LLC | 0.07% | Add +0.1% | 14,725 | $262K |
| Glenmede Investment Management, LP | 0.00% | Add +1.3% | 14,546 | $259K |
| DMKC Advisory Services, LLC | 0.13% | Reduce -20.0% | 14,448 | $257K |
| Moody Aldrich Partners LLC | 0.05% | Reduce -0.4% | 14,436 | $257K |
| IFM Investors Pty Ltd | 0.00% | New | 14,600 | $255K |
| Precedent Wealth Partners, LLC | 0.06% | No change | 14,175 | $252K |
| PharVision Advisers, LLC | 0.14% | New | 14,035 | $250K |
| Foster & Motley Inc. | 0.01% | Reduce -20.2% | 13,260 | $236K |
| Mercer Global Advisors Inc. | 0.00% | New | 13,129 | $234K |
| Quadrant Capital Group LLC | 0.01% | Add +7.8% | 12,851 | $229K |
| Smith, Moore & Co. | 0.02% | Add +1.0% | 12,320 | $219K |
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.00% | New | 12,315 | $218K |
| Vident Advisory, LLC | 0.00% | Add +3.3% | 12,185 | $217K |
| Calton & Associates, Inc. | 0.03% | New | 12,000 | $214K |
| Crossmark Global Holdings, Inc. | 0.00% | No change | 11,978 | $213K |
| Dynamic Technology Lab Private Ltd | 0.04% | Reduce -75.7% | 11,887 | $212K |
| First Citizens Bank & Trust Co. | 0.00% | No change | 11,845 | $211K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +0.8% | 11,819 | $210K |
| Praxis Investment Management Inc. | 0.01% | No change | 11,610 | $207K |
| AdvisorNet Financial, Inc | 0.01% | Reduce -6.9% | 11,503 | $205K |
| Legacy Wealth Asset Management, LLC | 0.05% | No change | 11,371 | $203K |
| Utah Retirement Systems | 0.00% | No change | 11,100 | $198K |
| Koshinski Asset Management, Inc. | 0.01% | Add +5.3% | 11,098 | $198K |
| Trajan Wealth LLC | 0.01% | New | 11,001 | $196K |
| Savant Capital, LLC | 0.00% | Add +7.1% | 10,962 | $195K |
| Elgethun Capital Management | 0.04% | Add +1.6% | 10,881 | $194K |
| Kestra Advisory Services, LLC | 0.00% | New | 10,359 | $184K |
| Independent Advisor Alliance | 0.00% | New | 10,255 | $183K |
| 44 Wealth Management LLC | 0.06% | New | 10,005 | $178K |
| HORAN Wealth, LLC | 0.03% | No change | 10,000 | $178K |
| Farther Finance Advisors, LLC | 0.00% | Add +21.1% | 9,273 | $165K |
| Advisory Services Network, LLC | 0.00% | New | 7,957 | $142K |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 0.00% | No change | 6,808 | $121K |
| KBC Group NV | 0.00% | No change | 6,601 | $118K |
| Tompkins Financial Corp. | 0.01% | No change | 6,457 | $115K |
| Adalta Capital Management LLC | 0.05% | Reduce -2.7% | 6,355 | $114K |
| Anchor Investment Management, LLC | 0.01% | No change | 5,600 | $100K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 5,500 | $98K |
| STRS Ohio | 0.00% | Reduce -94.2% | 4,849 | $86K |
| Physician Wealth Advisors, Inc. | 0.01% | Add +1.2% | 4,614 | $82K |
| City Holding Co. | 0.01% | Reduce -13.7% | 4,100 | $73K |
| Blue Trust, Inc. | 0.00% | No change | 4,012 | $71K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +8.4% | 3,859 | $69K |
| HM Payson & Co. | 0.00% | No change | 3,700 | $66K |
| Arax Advisory Partners | 0.00% | Add +783.0% | 3,594 | $64K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +0.4% | 3,566 | $64K |
| CoreCap Advisors, LLC | 0.00% | No change | 3,559 | $63K |
| Concord Wealth Partners | 0.01% | No change | 3,389 | $60K |
| MetLife Investment Management, LLC | 0.00% | Add +0.1% | 3,381 | $60K |
| Neo Ivy Capital Management | 0.01% | New | 3,080 | $55K |
| Johnson Financial Group, Inc. | 0.00% | No change | 3,037 | $55K |
| Colonial Trust Co / SC | 0.01% | No change | 3,000 | $53K |
| Covestor Ltd | 0.03% | Reduce -43.5% | 2,785 | $49K |
| Strategic Wealth Partners, Ltd. | 0.00% | Add +0.8% | 2,745 | $49K |
| Hilltop National Bank | 0.01% | No change | 2,568 | $46K |
| Daiwa Securities Group Inc. | 0.00% | New | 2,497 | $44K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -3.0% | 2,434 | $43K |
| Quent Capital, LLC | 0.00% | New | 2,392 | $43K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 2,380 | $42K |
| GHP Investment Advisors, Inc. | 0.00% | No change | 2,333 | $42K |
| Quarry LP | 0.01% | Reduce -62.5% | 2,302 | $41K |
| CIBC Private Wealth Group LLC | 0.00% | Add +3.4% | 2,298 | $41K |
| Investors Research Corp | 0.01% | No change | 2,200 | $39K |
| GAMMA Investing LLC | 0.00% | Add +61.3% | 2,192 | $39K |
| Hantz Financial Services, Inc. | 0.00% | Add +42.8% | 2,211 | $39K |
| Bangor Savings Bank | 0.00% | Reduce -49.2% | 2,155 | $38K |
| Principal Securities, Inc. | 0.00% | Reduce -3.6% | 2,110 | $38K |
| Parallel Advisors, LLC | 0.00% | Add +7.7% | 2,058 | $37K |
| Bank of New Hampshire | 0.01% | No change | 2,020 | $36K |
| Country Trust Bank | 0.00% | No change | 1,950 | $35K |
| Crews Bank & Trust | 0.00% | No change | 1,772 | $32K |
| Private Wealth Asset Management, LLC | 0.00% | No change | 1,769 | $32K |
| HighMark Wealth Management LLC | 0.01% | No change | 1,679 | $30K |
| Caitong International Asset Management Co., Ltd | 0.02% | Add +6404.4% | 1,496 | $27K |
| Rockefeller Capital Management L.P. | 0.00% | New | 1,496 | $27K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -53.1% | 1,488 | $27K |
| Salomon & Ludwin, LLC | 0.00% | New | 1,419 | $25K |
| Global Wealth Strategies & Associates | 0.01% | No change | 1,380 | $25K |
| Fifth Third Bancorp | 0.00% | Reduce -7.7% | 1,288 | $23K |
| Larson Financial Group LLC | 0.00% | Reduce -0.4% | 1,221 | $22K |
| Adirondack Trust Co. | 0.01% | No change | 1,200 | $21K |
| Alerus Financial NA | 0.00% | No change | 1,155 | $21K |
| Sittner & Nelson, LLC | 0.01% | Reduce -8.1% | 1,141 | $20K |
| Caldwell Trust Co | 0.00% | No change | 1,040 | $19K |
| Allworth Financial LP | 0.00% | Add +2.9% | 1,028 | $18K |
| Wealthspire Advisors, LLC | 0.00% | New | 965 | $17K |
| Parkside Financial Bank & Trust | 0.00% | Add +107.7% | 947 | $17K |
| Root Financial Partners, LLC | 0.00% | New | 946 | $17K |
| Costello Asset Management, INC | 0.01% | Reduce -17.6% | 916 | $16K |
| Geneos Wealth Management Inc. | 0.00% | Reduce -44.4% | 915 | $16K |
| KERR FINANCIAL PLANNING Corp | 0.02% | — | 768 | $16K |
| City State Bank | 0.00% | No change | 850 | $15K |
| Pinnacle Bancorp, Inc. | 0.00% | No change | 809 | $14K |
| Signaturefd, LLC | 0.00% | Reduce -10.7% | 770 | $14K |
| Dakota Community Bank & Trust NA | 0.05% | No change | 741 | $13K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.00% | Reduce -4.9% | 734 | $13K |
| Bessemer Group Inc. | 0.00% | Add +92.3% | 752 | $13K |
| Versant Capital Management, Inc | 0.00% | Reduce -2.4% | 707 | $13K |
| Grey Fox Wealth Advisors, LLC | 0.00% | New | 694 | $12K |
| Chilton Capital Management LLC | 0.00% | New | 675 | $12K |
| Assetmark, Inc. | 0.00% | Add +2.3% | 672 | $12K |
| TD Private Client Wealth LLC | 0.00% | Add +11.1% | 599 | $11K |
| Leonteq Securities AG | 0.00% | No change | 539 | $10K |
| AlphaQuest LLC | 0.00% | Reduce -95.6% | 537 | $10K |
| Hemington Wealth Management | 0.00% | Add +3.3% | 538 | $9K |
| FNY Investment Advisers, LLC | 0.00% | Add +3.5% | 414 | $7K |
| Simplex Trading, LLC | 0.00% | New | 448 | $7K |
| UMB Bank, n.a. | 0.00% | Reduce -11.1% | 385 | $7K |
| Center for Financial Planning, Inc. | 0.00% | New | 384 | $7K |
| Bare Financial Services, Inc | 0.00% | Reduce -4.0% | 379 | $7K |
| Corsicana & Co. | 0.00% | — | 361 | $6K |
| Front Row Advisors LLC | 0.00% | No change | 300 | $5K |
| Harbor Asset Planning, Inc. | 0.00% | No change | 296 | $5K |
| Stone House Investment Management, LLC | 0.00% | No change | 292 | $5K |
| Smithfield Trust Co | 0.00% | No change | 295 | $5K |
| Rossby Financial, LCC | 0.00% | No change | 275 | $5K |
| Archer Investment Corp | 0.00% | No change | 270 | $5K |
| Copia Wealth Management | 0.00% | No change | 260 | $5K |
| Fortitude Family Office, LLC | 0.00% | No change | 218 | $4K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 208 | $4K |
| SJS Investment Consulting Inc. | 0.00% | Add +397.4% | 194 | $3K |
| Ameritas Investment Partners, Inc. | 0.00% | Add +0.5% | 193 | $3K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +143.0% | 192 | $3K |
| Manchester Capital Management LLC | 0.00% | No change | 172 | $3K |
| JFS Wealth Advisors, LLC | 0.00% | No change | 165 | $3K |
| Bell Investment Advisors, Inc | 0.00% | Reduce -48.4% | 148 | $3K |
| Private Wealth Management Group, LLC | 0.00% | No change | 119 | $2K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -15.1% | 118 | $2K |
| Mather Group, Llc. | 0.00% | New | 115 | $2K |
| CoreFirst Bank & Trust | 0.00% | No change | 100 | $2K |
| Private Trust Co. NA | 0.00% | No change | 100 | $2K |
| LRI Investments, LLC | 0.00% | No change | 88 | $2K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 87 | $2K |
| Gen-Wealth Partners Inc | 0.00% | No change | 77 | $1K |
| Bradley & Co. Private Wealth Management, LLC | 0.00% | New | 75 | $1K |
| Smartleaf Asset Management LLC | 0.00% | No change | 66 | $1K |
| Red Tortoise LLC | 0.00% | No change | 62 | $1K |
| Transamerica Financial Advisors, LLC | 0.00% | New | 58 | $1K |
| CX Institutional | 0.00% | No change | 66 | $1K |
| Team Financial Group, LLC | 0.00% | No change | 54 | $965 |
| DecisionPoint Financial, LLC | 0.00% | No change | 49 | $862 |
| Prestige Wealth Management Group LLC | 0.00% | No change | 42 | $754 |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 44 | $717 |
| Cromwell Holdings LLC | 0.00% | No change | 35 | $629 |
| Clearstead Trust, LLC | 0.00% | No change | 35 | $624 |
| Raffa Wealth Management, LLC | 0.00% | No change | 34 | $606 |
| WPG Advisers, LLC | 0.00% | No change | 32 | $570 |
| Kayne Anderson Rudnick Investment Management LLC | 0.00% | No change | 30 | $534 |
| Binnacle Investments Inc | 0.00% | New | 27 | $481 |
| First Horizon Corp. | 0.00% | — | 23 | $410 |
| Bay Harbor Wealth Management, LLC | 0.00% | Add +58.3% | 19 | $339 |
| IFP Advisors, Inc | 0.00% | Reduce -32.0% | 17 | $303 |
| Thompson Investment Management, Inc. | 0.00% | No change | 14 | $250 |
| Global Retirement Partners, LLC | 0.00% | Reduce -95.1% | 14 | $249 |
| HFM Investment Advisors, LLC | 0.00% | No change | 13 | $232 |
| Rothschild Investment LLC | 0.00% | New | 13 | $232 |
| New Millennium Group LLC | 0.00% | New | 12 | $214 |
| Abound Wealth Management | 0.00% | No change | 12 | $214 |
| SouthState Bank Corp | 0.00% | Reduce -50.0% | 10 | $179 |
| Creekmur Asset Management LLC | 0.00% | No change | 9 | $154 |
| Rialto Wealth Management, LLC | 0.00% | Add +16.7% | 7 | $125 |
| True Wealth Design, LLC | 0.00% | Reduce -96.4% | 5 | $90 |
| Rise Advisors, LLC | 0.00% | No change | 2 | $28 |
| Cloud Capital Management, LLC | 0.00% | New | 47 | $0 |
"% of holder's portfolio" is MDU's weight in each manager's 13F, not the share of Mdu Resources Group Inc. the manager owns.