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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
HAG
301
HF Advisory Group
Maryland
$1.75M -$72.6K -1,884 -4%
A
302
AlphaQuest
New York
$1.72M +$1.65M +42,872 New
RIM
303
Rakuten Investment Management
Japan
$1.71M +$1.65M +42,866 New
Rafferty Asset Management
304
Rafferty Asset Management
New York
$1.7M -$389K -10,111 -19%
AIM
305
Aigen Investment Management
New York
$1.65M +$1.59M +41,256 New
VPIM
306
Vanguard Personalized Indexing Management
California
$1.65M +$56.1K +1,456 +4%
US Bancorp
307
US Bancorp
Minnesota
$1.65M +$23.1K +600 +1%
OPERF
308
Oregon Public Employees Retirement Fund
Oregon
$1.62M +$12.3K +320 +0.8%
BHCM
309
Brevan Howard Capital Management
Jersey
$1.62M +$1.55M +40,310 New
KBC Group
310
KBC Group
Belgium
$1.61M – – –
WP
311
Woodline Partners
California
$1.59M +$450K +11,671 +42%
NP
312
Ninepoint Partners
Ontario, Canada
$1.56M – – –
Marshall Wace
313
Marshall Wace
United Kingdom
$1.54M +$1.48M +38,477 New
TPCW
314
TD Private Client Wealth
New York
$1.53M +$1.1M +28,685 +299%
MSU
315
Mizuho Securities USA
New York
$1.51M -$255K -6,612 -15%
WB
316
WesBanco Bank
West Virginia
$1.5M -$53.4K -1,385 -4%
MAS
317
Meeder Advisory Services
Ohio
$1.49M +$169K +4,397 +13%
1C
318
111 Capital
France
$1.48M +$1.42M +36,890 New
B
319
Bailard
California
$1.47M +$153K +3,979 +12%
PCM
320
Price Capital Management
Louisiana
$1.47M +$1.41M +36,730 New
CAPTRUST Financial Advisors
321
CAPTRUST Financial Advisors
North Carolina
$1.45M -$41.2K -1,069 -3%
TRSOTSOK
322
Teachers Retirement System of the State of Kentucky
Kentucky
$1.44M +$129K +3,344 +10%
AC
323
Allstate Corporation
Illinois
$1.42M +$819K +21,269 +151%
TAF
324
Tredje AP-fonden
Sweden
$1.41M – – –
Pathstone Holdings
325
Pathstone Holdings
New Jersey
$1.41M +$42.1K +1,094 +3%
11 12
13
14 15

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.