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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
GI
551
GAMCO Investors
Connecticut
$253K +$23.1K +600 +11%
CW
552
CreativeOne Wealth
Kansas
$252K +$243K +6,296 New
AWA
553
Arkadios Wealth Advisors
Georgia
$251K +$241K +6,263 New
KAS
554
Kestra Advisory Services
Texas
$244K -$14K -364 -6%
AWAG
555
ARS Wealth Advisors Group
Florida
$238K +$229K +5,940 New
EA
556
Evolution Advisers
Virginia
$237K – – –
PCP
557
Proficio Capital Partners
Massachusetts
$237K +$228K +5,909 New
CGL
558
Clarius Group LLC
Washington
$237K +$1.08K +28 +0.5%
KPWS
559
Kestra Private Wealth Services
Texas
$236K +$227K +5,899 New
WIA
560
Wetzel Investment Advisors
Indiana
$234K -$43.2K -1,122 -16%
PP
561
PDS Planning
Ohio
$234K +$3.43K +89 +2%
CFG
562
Cooper Financial Group
California
$230K +$7.86K +204 +4%
WS
563
Wedbush Securities
California
$229K – – –
SMA
564
Sage Mountain Advisors
Georgia
$229K -$27.7K -720 -11%
VI
565
Versor Investments
New York
$229K +$220K +5,700 New
WTA
566
Washington Trust Advisors
Massachusetts
$228K – – –
KIA
567
Knollwood Investment Advisory
Maryland
$227K – – –
APF
568
Alaska Permanent Fund
Alaska
$226K – – –
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
569
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$225K -$1.8M -46,681 -89%
NAAA
570
New Age Alpha Advisors
New York
$224K +$44.6K +1,159 +26%
MSFP
571
Mark Sheptoff Financial Planning
Connecticut
$220K +$3.85K +100 +2%
AAP
572
Arax Advisory Partners
Colorado
$220K +$47.8K +1,241 +29%
OAM
573
Ostrum Asset Management
France
$220K -$5.62K -146 -3%
CWG
574
Cornerstone Wealth Group
North Carolina
$218K +$210K +5,445 New
PNC
575
Park National Corp
Ohio
$218K -$2.43K -63 -1%
21 22
23
24 25

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.