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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
AIM
301
Achmea Investment Management
Netherlands
$1.66M +$1.07M +27,274 +196%
WB
302
WesBanco Bank
West Virginia
$1.65M +$134K +3,414 +9%
Cambridge Investment Research Advisors
303
Cambridge Investment Research Advisors
Iowa
$1.64M -$259K -6,606 -14%
OPERF
304
Oregon Public Employees Retirement Fund
Oregon
$1.64M +$11.8K +300 +0.7%
KBC Group
305
KBC Group
Belgium
$1.62M
PAS
306
Park Avenue Securities
New York
$1.56M +$1.52M +38,723 New
YIH
307
Y-Intercept (HK)
Hong Kong
$1.54M +$1.5M +38,219 New
MAS
308
Meeder Advisory Services
Ohio
$1.53M +$32.5K +830 +2%
IMRF
309
Illinois Municipal Retirement Fund
Illinois
$1.49M -$860K -21,924 -37%
AV
310
ASR Vermogensbeheer
Netherlands
$1.49M +$1.01M +25,817 +233%
Pathstone Holdings
311
Pathstone Holdings
New Jersey
$1.48M +$63.6K +1,622 +5%
TRSOTSOK
312
Teachers Retirement System of the State of Kentucky
Kentucky
$1.48M +$23.7K +604 +2%
NP
313
Ninepoint Partners
Ontario, Canada
$1.45M -$111K -2,835 -7%
B
314
Bailard
California
$1.43M -$48K -1,223 -3%
WC
315
Wexford Capital
Florida
$1.43M +$1.39M +35,542 New
BMSSC
316
B. Metzler seel. Sohn & Co
Germany
$1.41M +$68.1K +1,737 +5%
OFG
317
Oxford Financial Group
Indiana
$1.35M
TAP
318
Tounjian Advisory Partners
Florida
$1.35M -$17.3K -440 -1%
ACM
319
Aquatic Capital Management
Illinois
$1.35M -$5.83M -148,652 -82%
HNB
320
Huntington National Bank
Ohio
$1.32M -$17.3K -442 -1%
MSU
321
Mizuho Securities USA
New York
$1.31M -$200K -5,096 -14%
JFG
322
Jefferies Financial Group
New York
$1.27M +$1.24M +31,570 New
BOTPPF
323
Board of the Pension Protection Fund
United Kingdom
$1.25M +$247K +6,300 +26%
AF
324
Aviso Financial
Ontario, Canada
$1.25M -$47.4K -1,210 -4%
EFG
325
Everhart Financial Group
Ohio
$1.23M +$23.1K +590 +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.