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NiSource
NI

795 hedge funds and large institutions have $17.7B invested in NiSource in 2025 Q1 according to their latest regulatory filings, with 129 funds opening new positions, 297 increasing their positions, 240 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more first-time investments, than exits

New positions opened: 129 | Existing positions closed: 58

24% more repeat investments, than reductions

Existing positions increased: 297 | Existing positions reduced: 240

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

8% more funds holding

Funds holding: 734 → 795 (+61)

7% more capital invested

Capital invested by funds: $16.5B → $17.7B (+$1.22B)

2.11% less ownership

Funds ownership: 96.15% → 94.05% (-2.1%)

35% less call options, than puts

Call options by funds: $10.4M | Put options by funds: $16M

Holders
795
Holders Change
+61
Holders Change %
+8.31%
% of All Funds
10.66%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.11%
New
129
Increased
297
Reduced
240
Closed
58
Calls
$10.4M
Puts
$16M
Net Calls
-$5.59M
Net Calls Change
-$15.5M

Top Buyers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$129M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$118M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$102M
4
Goldman Sachs
Goldman Sachs
New York
+$100M
5
Alkeon Capital Management
Alkeon Capital Management
New York
+$94.8M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$300M
2
JP Morgan Chase
JP Morgan Chase
New York
-$156M
3
ECM
ExodusPoint Capital Management
New York
-$99.1M
4
BlackRock
BlackRock
New York
-$90.7M
5
Deutsche Bank
Deutsche Bank
Germany
-$85.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
MPM
251
Meritage Portfolio Management
Kansas
$2.69M -$62K -1,609 -2%
X
252
Xponance
Pennsylvania
$2.65M +$89.2K +2,316 +4%
JF
253
Jump Financial
Illinois
$2.63M +$2.22M +57,588 +729%
SLAM
254
Swiss Life Asset Management
$2.62M -$6.06M -157,215 -71%
GLA
255
Great Lakes Advisors
Illinois
$2.6M -$48.1K -1,250 -2%
AAM
256
Advisors Asset Management
Colorado
$2.59M -$1.41M -36,660 -36%
SA
257
Sanctuary Advisors
Indiana
$2.57M -$471K -12,223 -16%
LCC
258
Lincoln Capital Corp
Rhode Island
$2.56M +$2.46M +63,751 New
NYLIM
259
New York Life Investment Management
New York
$2.55M -$13K -338 -0.5%
SG Americas Securities
260
SG Americas Securities
New York
$2.54M +$1.82M +47,202 +294%
IFU
261
iSAM Funds (UK)
United Kingdom
$2.5M +$2.4M +62,366 New
NAM
262
Nissay Asset Management
Japan
$2.48M +$131K +3,390 +6%
MF
263
Magnetar Financial
Illinois
$2.48M +$2.38M +61,906 New
Creative Planning
264
Creative Planning
Kansas
$2.45M +$240K +6,241 +11%
Mirae Asset Global Investments
265
Mirae Asset Global Investments
South Korea
$2.38M -$32.7K -848 -1%
UM
266
UniSuper Management
Australia
$2.37M -$128K -3,312 -5%
IMRF
267
Illinois Municipal Retirement Fund
Illinois
$2.36M +$512K +13,286 +29%
AG
268
Ascent Group
Virginia
$2.34M +$74.5K +1,934 +3%
TE
269
Tema ETFs
New York
$2.31M +$1.79M +46,431 +413%
OAM
270
OP Asset Management
$2.27M +$2.18M +56,631 New
OSAM
271
O'Shaughnessy Asset Management
Connecticut
$2.27M +$424K +11,020 +24%
CWM
272
CIBC World Markets
New York
$2.27M -$626K -16,253 -22%
SMDAM
273
Sumitomo Mitsui DS Asset Management
Japan
$2.23M +$51.6K +1,339 +2%
Osaic Holdings
274
Osaic Holdings
Arizona
$2.23M -$1.85M -47,982 -46%
SOADOR
275
State of Alaska Department of Revenue
Alaska
$2.21M +$71.5K +1,855 +3%
9 10
11
12 13

NI Hedge Fund Activity: Q1 2025 in Review

795 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in NiSource (NI) for Q1 2025, worth a combined $17.7B — up 7.4% from $16.5B a quarter earlier.

Buyers outnumbered sellers: 129 funds opened new NI positions and 58 closed out — a net gain of 71 holders — while 297 added to existing stakes and 240 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $129M. The largest seller was Millennium Management, cutting an estimated $300M.

  • 795 institutional investors held NiSource (NI) as of Q1 2025, up from 734 in Q4 2024.
  • Funds reported $17.7B of NiSource stock for Q1 2025, up 7.4% quarter-over-quarter.
  • 129 funds opened new NiSource positions in Q1 2025 and 58 closed out, a net change of +71 holders.
  • The largest NiSource buyer in Q1 2025 was Bank of Montreal, an estimated $129M added.
  • The largest NiSource seller in Q1 2025 was Millennium Management, an estimated $300M sold.

Based on aggregated 13F filings for Q1 2025.