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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
SRL
401
Scientech Research LLC
New Jersey
$740K +$711K +18,469 New
AA
402
ABC Arbitrage
France
$737K +$708K +18,385 New
MCM
403
MAI Capital Management
Ohio
$736K -$270 -7 -0%
LFAS
404
Level Four Advisory Services
Texas
$732K +$2.73K +71 +0.4%
VWM
405
Venturi Wealth Management
Texas
$729K -$12.3K -320 -2%
BFG
406
Bleakley Financial Group
New Jersey
$728K -$37K -961 -5%
Mercer Global Advisors
407
Mercer Global Advisors
Colorado
$726K -$6.09K -158 -0.9%
OAM
408
Oppenheimer Asset Management
New York
$725K +$86.5K +2,245 +14%
VFA
409
Valeo Financial Advisors
Indiana
$725K +$312K +8,103 +81%
CA
410
Crumly & Associates
Illinois
$722K -$24K -623 -3%
TMAM
411
Tokio Marine Asset Management
Japan
$716K +$144K +3,745 +27%
I
412
InceptionR
California
$711K +$683K +17,732 New
TCA
413
Transcend Capital Advisors
New Jersey
$711K – – –
Jacobs Levy Equity Management
414
Jacobs Levy Equity Management
New Jersey
$710K +$682K +17,709 New
BC
415
Bridgefront Capital
Texas
$704K +$677K +17,566 New
Northwestern Mutual Wealth Management
416
Northwestern Mutual Wealth Management
Wisconsin
$701K -$5.01K -130 -0.7%
BFM
417
Boothbay Fund Management
New York
$695K +$668K +17,337 New
Arrowstreet Capital
418
Arrowstreet Capital
Massachusetts
$694K +$667K +17,316 New
MC
419
Moors & Cabot
Massachusetts
$691K -$93.1K -2,418 -12%
PMA
420
Prudent Man Advisors
Illinois
$691K +$17.9K +464 +3%
SCI
421
Stableford Capital II
Arizona
$690K – – –
MML Investors Services
422
MML Investors Services
Massachusetts
$688K +$47.4K +1,231 +8%
NEI
423
Northwest & Ethical Investments
Ontario, Canada
$675K +$432K +11,214 +199%
JIC
424
Johnson Investment Counsel
Ohio
$669K +$16K +415 +3%
SAM
425
Strategy Asset Managers
California
$666K +$640K +16,604 New
15 16
17
18 19

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.