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774 hedge funds and large institutions have $18.3B invested in NiSource in 2025 Q2 according to their latest regulatory filings, with 72 funds opening new positions, 327 increasing their positions, 253 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 327 | Existing positions reduced: 253

2.37% more ownership

Funds ownership: 94.05%96.41% (+2.4%)

3% more capital invested

Capital invested by funds: $17.7B → $18.3B (+$587M)

3% less funds holding

Funds holding: 796774 (-22)

14% less first-time investments, than exits

New positions opened: 72 | Existing positions closed: 84

39% less call options, than puts

Call options by funds: $9.8M | Put options by funds: $16M

63% less funds holding in top 10

Funds holding in top 10: 83 (-5)

Holders
774
Holders Change
-22
Holders Change %
-2.76%
% of All Funds
10.19%
Holding in Top 10
3
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-62.5%
% of All Funds
0.04%
New
72
Increased
327
Reduced
253
Closed
84
Calls
$9.8M
Puts
$16M
Net Calls
-$6.25M
Net Calls Change
-$660K
Name Holding Trade Value Shares
Change
Change in
Stake
Walleye Capital
251
Walleye Capital
New York
$2.6M -$924K -23,553 -27%
CIBC Asset Management
252
CIBC Asset Management
Ontario, Canada
$2.6M -$227K -5,781 -8%
LCC
253
Lincoln Capital Corp
Rhode Island
$2.6M +$23K +587 +0.9%
NYLIM
254
New York Life Investment Management
New York
$2.59M +$21.2K +541 +0.9%
Creative Planning
255
Creative Planning
Kansas
$2.53M +$60.5K +1,542 +3%
PFM
256
Patton Fund Management
Texas
$2.53M -$1.72M -43,935 -41%
Truist Financial
257
Truist Financial
North Carolina
$2.51M -$245K -6,255 -9%
OSAM
258
O'Shaughnessy Asset Management
Connecticut
$2.47M +$186K +4,752 +8%
SAM
259
Shell Asset Management
Netherlands
$2.44M +$1.26M +32,207 +114%
Allspring Global Investments
260
Allspring Global Investments
North Carolina
$2.42M +$1.52M +38,760 +179%
UM
261
UniSuper Management
Australia
$2.41M +$29.7K +758 +1%
AG
262
Ascent Group
Virginia
$2.4M +$46K +1,173 +2%
CWM
263
CIBC World Markets
New York
$2.39M +$105K +2,686 +5%
SA
264
Sanctuary Advisors
Indiana
$2.35M -$229K -5,842 -9%
EP
265
Edgestream Partners
New Jersey
$2.34M -$2.74M -69,797 -55%
Federated Hermes
266
Federated Hermes
Pennsylvania
$2.32M -$623K -15,896 -22%
HighTower Advisors
267
HighTower Advisors
Illinois
$2.3M -$598K -15,248 -21%
Mirae Asset Global Investments
268
Mirae Asset Global Investments
South Korea
$2.29M -$107K -2,736 -5%
ET
269
Entropy Technologies
New York
$2.28M +$1.61M +40,939 +265%
BHCM
270
Brevan Howard Capital Management
Jersey
$2.27M +$624K +15,904 +39%
SMDAM
271
Sumitomo Mitsui DS Asset Management
Japan
$2.24M
Janus Henderson Group
272
Janus Henderson Group
United Kingdom
$2.17M +$55.8K +1,422 +3%
Cerity Partners
273
Cerity Partners
New York
$2.13M -$945K -24,089 -31%
SOADOR
274
State of Alaska Department of Revenue
Alaska
$2.13M -$88K -2,245 -4%
SLAM
275
Swiss Life Asset Management
$2.1M -$526K -13,406 -20%

NI Hedge Fund Activity: Q2 2025 in Review

774 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in NiSource (NI) for Q2 2025, worth a combined $18.3B — up 3.3% from $17.7B a quarter earlier.

Sellers outnumbered buyers: 84 funds closed out of NI and 72 opened new positions — a net loss of 12 holders — while 253 trimmed existing stakes and 327 added.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $655M. The largest seller was Wellington Management Group, cutting an estimated $83.6M.

  • 774 institutional investors held NiSource (NI) as of Q2 2025, down from 796 in Q1 2025.
  • Funds reported $18.3B of NiSource stock for Q2 2025, up 3.3% quarter-over-quarter.
  • 72 funds opened new NiSource positions in Q2 2025 and 84 closed out, a net change of -12 holders.
  • The largest NiSource buyer in Q2 2025 was T. Rowe Price Investment Management, an estimated $655M added.
  • The largest NiSource seller in Q2 2025 was Wellington Management Group, an estimated $83.6M sold.

Based on aggregated 13F filings for Q2 2025.