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NiSource

784 hedge funds and large institutions have $19.3B invested in NiSource in 2025 Q3 according to their latest regulatory filings, with 99 funds opening new positions, 272 increasing their positions, 272 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more funds holding in top 10

Funds holding in top 10: 38 (+5)

129% more call options, than puts

Call options by funds: $171M | Put options by funds: $74.4M

29% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 77

5% more capital invested

Capital invested by funds: $18.3B → $19.3B (+$973M)

1% more funds holding

Funds holding: 773784 (+11)

0% more repeat investments, than reductions

Existing positions increased: 272 | Existing positions reduced: 272

1.87% less ownership

Funds ownership: 96.41%94.54% (-1.9%)

Holders
784
Holders Change
+11
Holders Change %
+1.42%
% of All Funds
10.29%
Holding in Top 10
8
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+166.67%
% of All Funds
0.11%
New
99
Increased
272
Reduced
272
Closed
77
Calls
$171M
Puts
$74.4M
Net Calls
+$96.1M
Net Calls Change
+$102M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$166M +$1.94M +46,798 +1%
UBS Group
27
UBS Group
Switzerland
$157M -$33.5M -810,168 -18%
Bank of America
28
Bank of America
North Carolina
$146M -$16.6M -400,475 -11%
Millennium Management
29
Millennium Management
New York
$137M +$126M +3,033,764 +2,289%
DPIM
30
Duff & Phelps Investment Management
Illinois
$135M -$8.13M -196,342 -6%
Alkeon Capital Management
31
Alkeon Capital Management
New York
$134M +$22.3M +539,000 +21%
MIM
32
Merewether Investment Management
Texas
$127M -$2.96M -71,600 -2%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$115M -$112M -2,700,576 -50%
Dimensional Fund Advisors
34
Dimensional Fund Advisors
Texas
$108M +$1.92M +46,441 +2%
Wellington Management Group
35
Wellington Management Group
Massachusetts
$106M +$7.41M +178,945 +8%
TG
36
TCW Group
California
$102M +$27.8M +672,034 +40%
Thrivent Financial for Lutherans
37
Thrivent Financial for Lutherans
Minnesota
$102M -$1.24M -29,959 -1%
AP
38
Antipodes Partners
Australia
$84.1M +$80.4M +1,941,792 New
First Trust Advisors
39
First Trust Advisors
Illinois
$81.1M -$3.44M -83,162 -4%
Assenagon Asset Management
40
Assenagon Asset Management
Luxembourg
$80.7M +$10.5M +254,764 +16%
N
41
Nuveen
North Carolina
$78.8M -$5.2M -125,502 -6%
Principal Financial Group
42
Principal Financial Group
Iowa
$78M -$2.81M -67,962 -4%
Ameriprise
43
Ameriprise
Minnesota
$74.4M -$1.07M -25,896 -1%
HHAM
44
HITE Hedge Asset Management
Massachusetts
$72.1M +$33.5M +809,301 +95%
Balyasny Asset Management
45
Balyasny Asset Management
Illinois
$70.3M +$67.3M +1,624,542 New
TD Asset Management
46
TD Asset Management
Ontario, Canada
$64.6M -$3.29M -79,427 -5%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$63.1M -$11.3M -271,922 -16%
BC
48
Brookfield Corp
Ontario, Canada
$63M -$10.8M -260,889 -15%
Aviva
49
Aviva
United Kingdom
$60.8M +$3.67M +88,663 +7%
BG
50
Bahl & Gaynor
Ohio
$59.1M -$3.22M -77,846 -5%

NI Hedge Fund Activity: Q3 2025 in Review

784 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in NiSource (NI) for Q3 2025, worth a combined $19.3B — up 5.3% from $18.3B a quarter earlier.

Buyers outnumbered sellers: 99 funds opened new NI positions and 77 closed out — a net gain of 22 holders — while 272 added to existing stakes and 272 trimmed.

The largest buyer was Zimmer Partners, adding an estimated $232M. The largest seller was Bank of Montreal, cutting an estimated $112M.

  • 784 institutional investors held NiSource (NI) as of Q3 2025, up from 773 in Q2 2025.
  • Funds reported $19.3B of NiSource stock for Q3 2025, up 5.3% quarter-over-quarter.
  • 99 funds opened new NiSource positions in Q3 2025 and 77 closed out, a net change of +22 holders.
  • The largest NiSource buyer in Q3 2025 was Zimmer Partners, an estimated $232M added.
  • The largest NiSource seller in Q3 2025 was Bank of Montreal, an estimated $112M sold.

Based on aggregated 13F filings for Q3 2025.