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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
HIS
451
Horizon Investment Services
Indiana
$437K -$29.1K -741 -6%
LAM
452
LOM Asset Management
$433K +$420K +10,721 New
BFM
453
Boothbay Fund Management
New York
$431K -$261K -6,647 -38%
MPM
454
Meritage Portfolio Management
Kansas
$423K -$2.22M -56,566 -84%
PAG
455
Private Advisor Group
New Jersey
$421K -$22.5K -574 -5%
MSA
456
MUFG Securities Americas
New York
$421K +$82.9K +2,114 +25%
SDIC
457
South Dakota Investment Council
South Dakota
$420K +$408K +10,400 New
MC
458
Moors & Cabot
Massachusetts
$411K -$276K -7,047 -41%
APG Asset Management
459
APG Asset Management
Netherlands
$408K +$466K +11,884 New
CI
460
Cherokee Insurance
Michigan
$403K
NSEDCP
461
NJ State Employees Deferred Compensation Plan
New Jersey
$403K
Two Sigma Advisers
462
Two Sigma Advisers
New York
$403K +$392K +10,000 New
PCP
463
Proficio Capital Partners
Massachusetts
$393K +$150K +3,824 +65%
CIBC Private Wealth Group
464
CIBC Private Wealth Group
Georgia
$391K +$165K +4,203 +77%
FRM
465
Fox Run Management
Connecticut
$388K -$211K -5,383 -36%
HSA
466
HBK Sorce Advisory
Pennsylvania
$388K +$1.92K +49 +0.5%
KWM
467
Kingsview Wealth Management
Oregon
$387K +$22.4K +570 +6%
CIS
468
Custom Index Systems
New York
$385K -$22.8K -581 -6%
UB
469
UMB Bank
Missouri
$380K +$1.84K +47 +0.5%
CPIG
470
Chicago Partners Investment Group
Illinois
$378K +$6K +153 +2%
MCWS
471
McKinley Carter Wealth Services
West Virginia
$373K
BP
472
Ballentine Partners
Massachusetts
$371K +$15.8K +404 +5%
NAAA
473
New Age Alpha Advisors
New York
$369K +$139K +3,555 +64%
LS
474
Livforsakringsbolaget Skandia
Sweden
$363K
CCM
475
Coldstream Capital Management
Washington
$359K -$18.1K -461 -5%

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.