NORTHWESTERN CORP

Ticker: NWE CUSIP: 668074305 Class: EQTY

DEUTSCHE BANK AG\'s Holding History (CIK: 0000948046)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 210,218 Value ($000) $13,567 Avg Close $62.82 Range $56.07 - $68.56

Q3 2025

Shares 103,563 Value ($000) $6,070 Avg Close $54.14 Range $49.85 - $58.24

Q2 2025

Shares 73,310 Value ($000) $3,761 Avg Close $53.53 Range $49.39 - $57.89

Q1 2025

Shares 73,385 Value ($000) $4,247 Avg Close $52.06 Range $48.49 - $56.12

Q4 2024

Shares 78,814 Value ($000) $4,213 Avg Close $51.38 Range $48.17 - $54.22

Q3 2024

Shares 64,201 Value ($000) $3,674 Avg Close $49.89 Range $45.22 - $54.21

Q2 2024

Shares 87,440 Value ($000) $4,379 Avg Close $46.58 Range $43.68 - $48.79

Q1 2024

Shares 59,356 Value ($000) $3,023 Avg Close $44.40 Range $41.90 - $47.03

Q4 2023

Shares 62,321 Value ($000) $3,172 Avg Close $44.88 Range $41.24 - $48.79

Q3 2023

Shares 68,371 Value ($000) $3,286 Avg Close $47.33 Range $42.66 - $51.72

Q2 2023

Shares 64,174 Value ($000) $3,643 Avg Close $51.34 Range $48.87 - $53.67

Q1 2023

Shares 77,328 Value ($000) $4,474 Avg Close $49.59 Range $46.79 - $52.43

Q4 2022

Shares 141,012 Value ($000) $8,368 Avg Close $46.84 Range $41.72 - $52.07

Q3 2022

Shares 104,371 Value ($000) $5,143 Avg Close $46.61 Range $42.04 - $51.24

Q2 2022

Shares 184,250 Value ($000) $10,858 Avg Close $49.98 Range $45.98 - $52.83

Q1 2022

Shares 142,775 Value ($000) $8,637 Avg Close $48.63 Range $46.08 - $51.75

Q4 2021

Shares 195,296 Value ($000) $11,163 Avg Close $46.70 Range $43.99 - $49.52

Q3 2021

Shares 128,408 Value ($000) $7,357 Avg Close $50.51 Range $46.92 - $53.26

Q2 2021

Shares 115,793 Value ($000) $6,974 Avg Close $52.44 Range $48.13 - $56.92

Q1 2021

Shares 117,400 Value ($000) $7,654 Avg Close $47.20 Range $42.31 - $53.28

Q4 2020

Shares 172,662 Value ($000) $10,069 Avg Close $43.87 Range $37.97 - $49.46

Q3 2020

Shares 121,820 Value ($000) $5,924 Avg Close $41.40 Range $37.35 - $45.52

Q2 2020

Shares 157,307 Value ($000) $8,576 Avg Close $44.67 Range $39.68 - $50.33

Q1 2020

Shares 134,145 Value ($000) $8,026 Avg Close $54.52 Range $34.68 - $61.46

Q4 2019

Shares 110,462 Value ($000) $7,915 Avg Close $54.65 Range $51.50 - $57.67

Q3 2019

Shares 119,617 Value ($000) $8,975 Avg Close $54.27 Range $50.60 - $58.08

Q2 2019

Shares 150,213 Value ($000) $10,835 Avg Close $53.01 Range $50.21 - $55.53

Q1 2019

Shares 227,631 Value ($000) $16,024 Avg Close $48.59 Range $42.38 - $53.49

Q4 2018

Shares 265,178 Value ($000) $15,760 Avg Close $45.03 Range $41.21 - $48.18

Q3 2018

Shares 214,922 Value ($000) $12,605 Avg Close $43.15 Range $40.65 - $45.13

Q2 2018

Shares 370,600 Value ($000) $21,214 Avg Close $39.06 Range $37.03 - $41.93

Q1 2018

Shares 244,265 Value ($000) $13,139 Avg Close $37.69 Range $35.55 - $42.53

Q4 2017

Shares 227,130 Value ($000) $13,556 Avg Close $42.54 Range $39.78 - $45.45

Q3 2017

Shares 329,604 Value ($000) $18,765 Avg Close $41.74 Range $40.09 - $43.18

Q2 2017

Shares 269,314 Value ($000) $16,431 Avg Close $42.35 Range $40.29 - $44.62

Q1 2017

Shares 211,038 Value ($000) $12,385 Avg Close $39.52 Range $38.19 - $41.05

Q4 2016

Shares 2,695,641 Value ($000) $153,298 Avg Close $38.33 Range $36.64 - $40.23

Q3 2016

Shares 4,067,745 Value ($000) $234,014 Avg Close $40.31 Range $38.22 - $43.00

Q2 2016

Shares 4,477,716 Value ($000) $282,407 Avg Close $39.68 Range $37.02 - $42.70

Q1 2016

Shares 3,989,993 Value ($000) $246,378 Avg Close $38.33 Range $34.60 - $41.62

Q4 2015

Shares 4,182,384 Value ($000) $226,892 Avg Close $35.84 Range $33.71 - $37.52

Q3 2015

Shares 4,289,098 Value ($000) $230,880 Avg Close $34.01 Range $31.66 - $36.90

Q2 2015

Shares 5,209,137 Value ($000) $253,943 Avg Close $33.40 Range $31.54 - $35.25

Q1 2015

Shares 5,437,898 Value ($000) $292,502 Avg Close $35.30 Range $32.73 - $38.16

Q4 2014

Shares 5,211,214 Value ($000) $294,848 Avg Close $33.16 Range $28.63 - $37.51

Q3 2014

Shares 1,962,249 Value ($000) $89,005 Avg Close $30.29 Range $28.46 - $33.15

Q2 2014

Shares 1,099,197 Value ($000) $57,364 Avg Close $30.04 Range $28.38 - $33.02

Q1 2014

Shares 475,829 Value ($000) $22,567 Avg Close $27.98 Range $26.36 - $29.86

Q4 2013

Shares 526,258 Value ($000) $22,796 Avg Close $27.40 Range $25.54 - $28.91

Q3 2013

Shares 592,019 Value ($000) $26,591 Avg Close $25.46 Range $23.73 - $28.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	210,218	$13,567	$62.82	$56.07 - $68.56
Q3 2025	103,563	$6,070	$54.14	$49.85 - $58.24
Q2 2025	73,310	$3,761	$53.53	$49.39 - $57.89
Q1 2025	73,385	$4,247	$52.06	$48.49 - $56.12
Q4 2024	78,814	$4,213	$51.38	$48.17 - $54.22
Q3 2024	64,201	$3,674	$49.89	$45.22 - $54.21
Q2 2024	87,440	$4,379	$46.58	$43.68 - $48.79
Q1 2024	59,356	$3,023	$44.40	$41.90 - $47.03
Q4 2023	62,321	$3,172	$44.88	$41.24 - $48.79
Q3 2023	68,371	$3,286	$47.33	$42.66 - $51.72
Q2 2023	64,174	$3,643	$51.34	$48.87 - $53.67
Q1 2023	77,328	$4,474	$49.59	$46.79 - $52.43
Q4 2022	141,012	$8,368	$46.84	$41.72 - $52.07
Q3 2022	104,371	$5,143	$46.61	$42.04 - $51.24
Q2 2022	184,250	$10,858	$49.98	$45.98 - $52.83
Q1 2022	142,775	$8,637	$48.63	$46.08 - $51.75
Q4 2021	195,296	$11,163	$46.70	$43.99 - $49.52
Q3 2021	128,408	$7,357	$50.51	$46.92 - $53.26
Q2 2021	115,793	$6,974	$52.44	$48.13 - $56.92
Q1 2021	117,400	$7,654	$47.20	$42.31 - $53.28
Q4 2020	172,662	$10,069	$43.87	$37.97 - $49.46
Q3 2020	121,820	$5,924	$41.40	$37.35 - $45.52
Q2 2020	157,307	$8,576	$44.67	$39.68 - $50.33
Q1 2020	134,145	$8,026	$54.52	$34.68 - $61.46
Q4 2019	110,462	$7,915	$54.65	$51.50 - $57.67
Q3 2019	119,617	$8,975	$54.27	$50.60 - $58.08
Q2 2019	150,213	$10,835	$53.01	$50.21 - $55.53
Q1 2019	227,631	$16,024	$48.59	$42.38 - $53.49
Q4 2018	265,178	$15,760	$45.03	$41.21 - $48.18
Q3 2018	214,922	$12,605	$43.15	$40.65 - $45.13
Q2 2018	370,600	$21,214	$39.06	$37.03 - $41.93
Q1 2018	244,265	$13,139	$37.69	$35.55 - $42.53
Q4 2017	227,130	$13,556	$42.54	$39.78 - $45.45
Q3 2017	329,604	$18,765	$41.74	$40.09 - $43.18
Q2 2017	269,314	$16,431	$42.35	$40.29 - $44.62
Q1 2017	211,038	$12,385	$39.52	$38.19 - $41.05
Q4 2016	2,695,641	$153,298	$38.33	$36.64 - $40.23
Q3 2016	4,067,745	$234,014	$40.31	$38.22 - $43.00
Q2 2016	4,477,716	$282,407	$39.68	$37.02 - $42.70
Q1 2016	3,989,993	$246,378	$38.33	$34.60 - $41.62
Q4 2015	4,182,384	$226,892	$35.84	$33.71 - $37.52
Q3 2015	4,289,098	$230,880	$34.01	$31.66 - $36.90
Q2 2015	5,209,137	$253,943	$33.40	$31.54 - $35.25
Q1 2015	5,437,898	$292,502	$35.30	$32.73 - $38.16
Q4 2014	5,211,214	$294,848	$33.16	$28.63 - $37.51
Q3 2014	1,962,249	$89,005	$30.29	$28.46 - $33.15
Q2 2014	1,099,197	$57,364	$30.04	$28.38 - $33.02
Q1 2014	475,829	$22,567	$27.98	$26.36 - $29.86
Q4 2013	526,258	$22,796	$27.40	$25.54 - $28.91
Q3 2013	592,019	$26,591	$25.46	$23.73 - $28.10