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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
Allianz Asset Management
351
Allianz Asset Management
Germany
$976K +$949K +24,205 New
SPC
352
Sigma Planning Corp
Michigan
$968K -$923K -23,542 -50%
GIBU
353
Gulf International Bank (UK)
United Kingdom
$959K -$150K -3,819 -14%
TPA
354
Trivium Point Advisory
Connecticut
$955K -$69.4K -1,771 -7%
PA
355
Profund Advisors
Maryland
$955K +$202K +5,156 +28%
1IA
356
1834 Investment Advisors
Wisconsin
$951K +$21.8K +555 +2%
UFF
357
USA Financial Formulas
Michigan
$947K -$208K -5,302 -18%
1SB
358
1ST Source Bank
Indiana
$941K -$51.4K -1,310 -5%
PCG
359
Prosperity Consulting Group
Maryland
$941K -$10K -255 -1%
William Blair & Company
360
William Blair & Company
Illinois
$940K +$65K +1,657 +8%
A
361
AlphaQuest
New York
$935K -$772K -19,685 -46%
Kovitz Investment Group Partners
362
Kovitz Investment Group Partners
Illinois
$933K -$167K -4,271 -16%
GI
363
GAMMA Investing
California
$928K +$49.9K +1,273 +6%
Bessemer Group
364
Bessemer Group
New Jersey
$928K -$1.04M -26,437 -53%
KPWS
365
Kestra Private Wealth Services
Texas
$906K +$649K +16,555 +281%
MNBTD
366
Moody National Bank Trust Division
Texas
$897K +$2.2K +56 +0.3%
ISL
367
Ingalls & Snyder LLC
New York
$892K -$4.55K -116 -0.5%
MLA
368
My Legacy Advisors
Oregon
$890K +$25.2K +642 +3%
Focus Partners Wealth
369
Focus Partners Wealth
Massachusetts
$890K +$381K +9,716 +79%
NMERB
370
New Mexico Educational Retirement Board
New Mexico
$879K
UBP
371
Union Bancaire Privee
Switzerland
$876K +$142K +3,624 +17%
Nordea Investment Management
372
Nordea Investment Management
Sweden
$866K +$32.2K +820 +4%
SCM
373
Schnieders Capital Management
California
$859K +$157 +4 +0%
Simplex Trading
374
Simplex Trading
Illinois
$857K -$332K -8,456 -28%
CCM
375
Cohen Capital Management
California
$855K

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.