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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
AGWCA
676
Annis Gardner Whiting Capital Advisors
Florida
$12K
JFGIW
677
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$11.8K -$9.14K -233 -44%
GFM
678
GF Fund Management
China
$11.7K
CFD
679
Creative Financial Designs
Indiana
$11.3K
PP
680
Pingora Partners
Wyoming
$11.3K
FMII
681
Farmers & Merchants Investments Inc
Nebraska
$11.3K +$1.18K +30 +12%
CMP
682
Coston McIsaac & Partners
Maine
$11K
OP
683
ORG Partners
Indiana
$10.7K +$1.65K +42 +19%
FFO
684
Fortitude Family Office
Arizona
$10.4K +$627 +16 +7%
FGA
685
Fortis Group Advisors
New Jersey
$10.3K
T
686
Transce3nd
Texas
$10.3K +$10K +255 New
NSIM
687
North Star Investment Management
Illinois
$10.1K
JFA
688
JNBA Financial Advisors
Minnesota
$9.84K
PSFG
689
Park Square Financial Group
Georgia
$8.27K
T
690
TOBAM
France
$8K -$19.3K -491 -71%
TFGT
691
TS Financial Group (TSFG)
Illinois
$8K
DIP
692
DT Investment Partners
Pennsylvania
$7.99K
ZBNA
693
Zions Bancorporation, National Association
Utah
$7.54K
BAM
694
Bellevue Asset Management
Washington
$7.49K +$39 +1 +0.5%
WA
695
Whipplewood Advisors
Colorado
$7.42K +$667 +17 +10%
BIA
696
Bell Investment Advisors
California
$7.3K
FWM
697
FSA Wealth Management
Massachusetts
$7.3K
S
698
Sachetta
Massachusetts
$7.1K
BFP
699
Briaud Financial Planning
Texas
$7K +$7.45K +190 New
CA
700
CoreCap Advisors
Michigan
$6.94K -$10.2K -261 -60%

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.