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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
Fidelity International
576
Fidelity International
Bermuda
$170K +$165K +4,220 New
VCM
577
Versant Capital Management
Arizona
$167K +$902 +23 +0.6%
HPC
578
HM Payson & Co
Maine
$166K +$15.7K +401 +11%
AT
579
Avalon Trust
New Mexico
$161K
QL
580
Quarry LP
New York
$157K +$46.1K +1,176 +43%
AF
581
Allworth Financial
California
$148K +$21.7K +554 +18%
FFA
582
Frazier Financial Advisors
Ohio
$145K
CF
583
Centaurus Financial
California
$137K
SPIA
584
Steward Partners Investment Advisory
New York
$132K +$18K +459 +16%
PA
585
Parallel Advisors
California
$128K -$16K -409 -11%
HFM
586
Hartford Financial Management
Connecticut
$121K
GRP
587
Global Retirement Partners
California
$107K +$104K +2,664 New
TSMHT
588
Thurston Springer Miller Herd & Titak
Indiana
$103K +$22K +561 +28%
CAM
589
Creekmur Asset Management
Illinois
$102K
TWC
590
TD Waterhouse Canada
Ontario, Canada
$99.5K
SAM
591
Smartleaf Asset Management
Massachusetts
$98K +$5.02K +128 +6%
Lazard Asset Management
592
Lazard Asset Management
New York
$97K -$519K -13,235 -84%
HI
593
Harbour Investments
Wisconsin
$96K -$39K -994 -29%
PTC
594
Private Trust Company
Ohio
$95.3K +$73.7K +1,880 +390%
EB
595
Eastern Bank
Massachusetts
$87.2K
OWP
596
ORG Wealth Partners
Texas
$87.1K -$4.08K -104 -5%
IIM
597
Intact Investment Management
Quebec, Canada
$80.7K +$7.84K +200 +11%
BIG
598
Brooklyn Investment Group
New York
$75.6K +$19.8K +505 +37%
LSA
599
Leonteq Securities AG
Switzerland
$74.6K -$1.1K -28 -1%
SIS
600
Strategic Investment Solutions
Illinois
$67.4K

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.