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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
FFA
326
Florida Financial Advisors
Florida
$1.22M +$1.19M +30,364 New
CWM
327
Congress Wealth Management
Massachusetts
$1.22M +$823 +21 +0.1%
SC
328
Sapient Capital
Indiana
$1.22M +$24.1K +615 +2%
Mariner
329
Mariner
Kansas
$1.21M -$742K -18,915 -39%
WLG
330
Williamson Legacy Group
Indiana
$1.2M +$677K +17,271 +139%
ECA
331
Elevated Capital Advisors
Utah
$1.17M
JCIA
332
Jackson Creek Investment Advisors
Colorado
$1.17M -$3.65K -93 -0.3%
HIMCH
333
Hartford Investment Management Co (HIMCO)
Connecticut
$1.16M +$4.75K +121 +0.4%
SOAMC
334
Spirit of America Management Corp
New York
$1.15M +$127K +3,250 +13%
Connor, Clark & Lunn Investment Management (CC&L)
335
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.15M -$4.1M -104,585 -79%
NB
336
Norinchukin Bank
Japan
$1.14M +$129K +3,280 +13%
LCM
337
Landscape Capital Management
New Jersey
$1.14M -$1.73M -44,103 -61%
FB
338
Finward Bancorp
Indiana
$1.12M -$2.94K -75 -0.3%
CT
339
Chicago Trust
Illinois
$1.11M +$88.4K +2,255 +9%
IA
340
Icon Advisers
Colorado
$1.07M -$137K -3,500 -12%
SFCL
341
Strengthening Families & Communities LLC
Massachusetts
$1.06M -$54.7K -1,395 -5%
Axa
342
Axa
France
$1.05M +$1.02M +26,137 New
FC
343
FORA Capital
Florida
$1.05M -$431 -11 -0%
P
344
&Partners
Tennessee
$1.05M -$9.41K -240 -0.9%
PAM
345
Panagora Asset Management
Massachusetts
$1.02M +$992K +25,301 New
LSERS
346
Louisiana State Employees Retirement System
Louisiana
$1M -$19.6K -500 -2%
Baird Financial Group
347
Baird Financial Group
Wisconsin
$999K -$38.3K -978 -4%
VAS
348
Vestmark Advisory Solutions
Massachusetts
$994K +$446K +11,368 +86%
SAM
349
Securian Asset Management
Minnesota
$987K -$12.5K -318 -1%
BAMF
350
BI Asset Management Fondsmaeglerselskab
Denmark
$979K +$112K +2,844 +13%

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.