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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
DS
276
DRW Securities
Illinois
$2.19M -$10.4M -270,878 -83%
SGI
277
Summit Global Investments
Utah
$2.12M -$2.2M -56,991 -52%
DTL
278
Dynamic Technology Lab
Singapore
$2.12M +$2.03M +52,752 New
Janus Henderson Group
279
Janus Henderson Group
United Kingdom
$2.09M -$798K -20,706 -28%
CAL
280
Capital Analysts LLC
Pennsylvania
$2.02M +$10.9K +283 +0.6%
MC
281
Machina Capital
France
$2.02M +$1.11M +28,791 +133%
Wealth Enhancement Advisory Services
282
Wealth Enhancement Advisory Services
Minnesota
$2.01M +$417K +10,830 +28%
SICM
283
Sustainable Insight Capital Management
New York
$2M -$88.6K -2,300 -4%
Bessemer Group
284
Bessemer Group
New Jersey
$1.98M -$2.46M -63,928 -56%
Bank of Nova Scotia
285
Bank of Nova Scotia
Ontario, Canada
$1.96M -$489K -12,702 -21%
Mariner
286
Mariner
Kansas
$1.96M +$141K +3,672 +8%
ANTB
287
AMG National Trust Bank
Colorado
$1.95M -$4.78K -124 -0.3%
FHWM
288
Fox Hill Wealth Management
Massachusetts
$1.91M -$57.8K -1,501 -3%
M&T Bank
289
M&T Bank
New York
$1.91M -$195K -5,072 -10%
SPC
290
Sigma Planning Corp
Michigan
$1.91M -$502K -13,045 -22%
1832 Asset Management
291
1832 Asset Management
Ontario, Canada
$1.9M +$22.7K +590 +1%
Cambridge Investment Research Advisors
292
Cambridge Investment Research Advisors
Iowa
$1.9M -$114K -2,948 -6%
EMPI
293
Elo Mutual Pension Insurance
Finland
$1.89M -$616 -16 -0%
ACM
294
Aster Capital Management
United Arab Emirates
$1.89M +$1.78M +46,271 New
DIM
295
DC Investments Management
Virginia
$1.88M -$392K -10,176 -18%
MGP
296
Metis Global Partners
California
$1.88M +$70.4K +1,828 +4%
Janney Montgomery Scott
297
Janney Montgomery Scott
Pennsylvania
$1.87M -$153K -3,979 -8%
RIL
298
Rothschild Investment LLC
Illinois
$1.77M +$1.39K +36 +0.1%
Public Employees Retirement Association of Colorado
299
Public Employees Retirement Association of Colorado
Colorado
$1.76M – – –
PCM
300
Pinnbrook Capital Management
New York
$1.76M +$1.69M +43,823 New
10 11
12
13 14

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.