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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
CAL
276
Capital Analysts LLC
Pennsylvania
$2.1M +$63.6K +1,622 +3%
CI Investments Inc
277
CI Investments Inc
Ontario, Canada
$2.07M +$1.72M +43,845 +579%
WP
278
Woodline Partners
California
$2.05M +$440K +11,212 +28%
Rafferty Asset Management
279
Rafferty Asset Management
New York
$2.04M +$325K +8,286 +20%
HAG
280
HF Advisory Group
Maryland
$2.04M +$271K +6,910 +16%
Wealth Enhancement Advisory Services
281
Wealth Enhancement Advisory Services
Minnesota
$2.02M +$39.9K +1,017 +2%
Bank of Nova Scotia
282
Bank of Nova Scotia
Ontario, Canada
$1.99M +$10.4K +266 +0.5%
FHWM
283
Fox Hill Wealth Management
Massachusetts
$1.97M +$42.2K +1,077 +2%
VPIM
284
Vanguard Personalized Indexing Management
California
$1.95M +$273K +6,969 +17%
OTL
285
Oak Thistle LLC
New York
$1.94M +$1.08M +27,510 +134%
SFA
286
Sequoia Financial Advisors
Ohio
$1.91M +$753K +19,211 +68%
DIM
287
DC Investments Management
Virginia
$1.89M
HI
288
Horizon Investments
North Carolina
$1.87M +$1.57M +39,929 +588%
EMPI
289
Elo Mutual Pension Insurance
Finland
$1.86M -$46.9K -1,197 -3%
NFSG
290
Newbridge Financial Services Group
Florida
$1.86M +$985K +25,117 +120%
CAPTRUST Financial Advisors
291
CAPTRUST Financial Advisors
North Carolina
$1.85M +$376K +9,598 +26%
BPAMU
292
BTG Pactual Asset Management US
New York
$1.81M +$1.76M +44,974 New
MGP
293
Metis Global Partners
California
$1.81M -$76.6K -1,954 -4%
M&T Bank
294
M&T Bank
New York
$1.78M -$134K -3,427 -7%
Public Employees Retirement Association of Colorado
295
Public Employees Retirement Association of Colorado
Colorado
$1.77M -$2.98K -76 -0.2%
RIL
296
Rothschild Investment LLC
Illinois
$1.77M -$10.5K -268 -0.6%
SSA
297
Schonfeld Strategic Advisors
New York
$1.72M -$1.23M -31,333 -42%
Walleye Trading
298
Walleye Trading
New York
$1.67M +$1.14M +29,017 +233%
TPCW
299
TD Private Client Wealth
New York
$1.67M +$126K +3,209 +8%
US Bancorp
300
US Bancorp
Minnesota
$1.66M +$2.59K +66 +0.2%

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.