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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
WTC
601
WhitTier Trust Company
Nevada
$65.1K +$16.2K +412 +34%
ARMT
602
Amica Retiree Medical Trust
Rhode Island
$65K
BA
603
Bellwether Advisors
Nebraska
$60.7K
CAM
604
Costello Asset Management
Pennsylvania
$60.5K
HIA
605
Harbor Investment Advisory
Maryland
$60.5K
HWM
606
Hemington Wealth Management
Virginia
$60K -$2.04K -52 -3%
CFB
607
Cullen/Frost Bankers
Texas
$58.9K +$36.9K +941 +182%
MSE
608
MUFG Securities EMEA
United Kingdom
$55.8K +$54.3K +1,384 New
CH
609
Cromwell Holdings
Wyoming
$55.1K +$1.02K +26 +2%
RA
610
Rise Advisors
New York
$54.6K +$902 +23 +2%
BHWM
611
Beaird Harris Wealth Management
Texas
$53.6K +$15.7K +400 +43%
LWMI
612
Legacy Wealth Management (Idaho)
Idaho
$52.2K
LIS
613
Legacy Investment Solutions
Idaho
$52.2K +$50.7K +1,293 New
LFG
614
Larson Financial Group
Missouri
$50.6K +$17.4K +443 +55%
CA
615
Clearstead Advisors
Ohio
$45.8K +$44.5K +1,135 New
GWP
616
Gen-Wealth Partners
Michigan
$45.1K +$588 +15 +1%
SWP
617
Strategic Wealth Partners
Ohio
$45.1K +$43.9K +1,119 New
AAG
618
Armstrong Advisory Group
Massachusetts
$44.5K
OL
619
OneFund LLC
Florida
$44K +$42.4K +1,082 New
BWAM
620
Boyd Watterson Asset Management
Ohio
$43.4K
CSC
621
Caldwell Sutter Capital
California
$41.5K
MA
622
MCF Advisors
Kentucky
$41.5K +$118 +3 +0.3%
DAM
623
Delta Asset Management
Tennessee
$41.3K -$980 -25 -2%
TCOT
624
Trust Company of Toledo
Ohio
$40.3K +$39.2K +1,000 New
GIA
625
GHP Investment Advisors
Colorado
$39.3K +$20.6K +525 +117%

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.