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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
ABLA
426
Alan B. Lancz & Associates
Ohio
$596K
MC
427
Machina Capital
France
$594K -$1.4M -35,676 -71%
EF
428
Empirical Finance
Pennsylvania
$587K +$4.51K +115 +0.8%
GIA
429
Gladstone Institutional Advisory
Florida
$571K +$196 +5 +0%
FFA
430
Farther Finance Advisors
California
$571K +$23.8K +606 +4%
VCA
431
Verdence Capital Advisors
Maryland
$568K +$20.1K +512 +4%
Mercer Global Advisors
432
Mercer Global Advisors
Colorado
$567K -$159K -4,050 -22%
KB
433
Kimelman & Baird
New York
$563K
FCM
434
Frontier Capital Management
Massachusetts
$552K
EWA
435
EP Wealth Advisors
California
$541K +$48.7K +1,242 +10%
HWM
436
HB Wealth Management
Georgia
$533K -$8.04K -205 -2%
PFA
437
Pathway Financial Advisers
Indiana
$520K +$1.45K +37 +0.3%
VSQM
438
V-Square Quantitative Management
Illinois
$516K +$41.2K +1,051 +9%
BBVA
439
Banco Bilbao Vizcaya Argentaria
Spain
$510K +$101K +2,564 +25%
HFP
440
Holistic Financial Partners
Indiana
$502K +$3.53K +90 +0.7%
AIC
441
Archer Investment Corporation
Indiana
$494K
PA
442
Prossimo Advisors
California
$491K -$46.8K -1,194 -9%
OIA
443
OneDigital Investment Advisors
Kansas
$485K -$10.2K -261 -2%
AFG
444
Atomi Financial Group
New York
$476K +$34K +866 +8%
William Blair Investment Management
445
William Blair Investment Management
Illinois
$471K -$7.61K -194 -2%
IWA
446
IBEX Wealth Advisors
New Jersey
$465K +$452K +11,532 New
IMCOOI
447
Investment Management Corp of Ontario (IMCO)
Canada
$464K -$66.7K -1,700 -13%
Fifth Third Bancorp
448
Fifth Third Bancorp
Ohio
$462K +$57.9K +1,477 +15%
SAG
449
SageView Advisory Group
California
$454K -$1.65K -42 -0.4%
CFO
450
Callan Family Office
Pennsylvania
$439K +$126K +3,208 +42%

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.