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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
SF
576
Synovus Financial
Georgia
$217K +$209K +5,418 New
RWM
577
Ritholtz Wealth Management
New York
$217K +$209K +5,414 New
MCM
578
Monarch Capital Management
Indiana
$215K +$207K +5,370 New
SFI
579
Siemens Fonds Invest
Germany
$215K +$207K +5,367 New
OR
580
Olympiad Research
Connecticut
$212K +$204K +5,293 New
FCH
581
Freestone Capital Holdings
Washington
$212K +$204K +5,283 New
LP
582
LMR Partners
United Kingdom
$211K +$203K +5,273 New
BWMG
583
Barnes Wealth Management Group
California
$211K +$203K +5,270 New
TI
584
TrueMark Investments
Illinois
$210K +$202K +5,247 New
ITIM
585
Indiana Trust & Investment Management
Indiana
$210K – – –
CA
586
Continuum Advisory
Idaho
$210K -$25.6K -664 -11%
SLG
587
Stanley-Laman Group
Pennsylvania
$209K +$201K +5,221 New
MG
588
Mather Group
Illinois
$208K +$23K +597 +13%
PCM
589
Prelude Capital Management
New York
$208K -$2.01M -52,239 -91%
SWP
590
Stratos Wealth Partners
Ohio
$208K +$199K +5,177 New
RCAG
591
Rehmann Capital Advisory Group
Michigan
$206K +$198K +5,145 New
CI
592
CX Institutional
Indiana
$206K +$198K +5,143 New
AIP
593
Ameritas Investment Partners
Nebraska
$205K +$13K +338 +7%
TCWM
594
Total Clarity Wealth Management
Illinois
$204K – – –
CIBC Private Wealth Group
595
CIBC Private Wealth Group
Georgia
$204K +$7.2K +187 +4%
RFS
596
Richardson Financial Services
Massachusetts
$203K -$7.9K -205 -4%
BJL
597
Brighton Jones LLC
Washington
$202K +$194K +5,044 New
LRWA
598
Long Run Wealth Advisors
New York
$202K -$27K -700 -12%
PW
599
Pandora Wealth
Illinois
$200K +$193K +5,000 New
LC
600
Lindbrook Capital
California
$193K +$94.1K +2,442 +103%
22 23
24
25 26

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.