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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
Renaissance Technologies
51
Renaissance Technologies
New York
$55M +$33.8M +860,790 +171%
Barclays
52
Barclays
United Kingdom
$53.6M -$11.9M -303,961 -19%
Aviva
53
Aviva
United Kingdom
$53.1M +$3.33M +84,865 +7%
VDI
54
Vaughan David Investments
Illinois
$52.9M -$868K -22,143 -2%
Victory Capital Management
55
Victory Capital Management
Texas
$49.4M +$9.25M +235,916 +24%
TSW
56
Thompson Siegel & Walmsley
Virginia
$49.1M -$20.1M -512,683 -30%
ERSOT
57
Employees Retirement System of Texas
Texas
$48.4M -$11.1M -284,299 -19%
Sumitomo Mitsui Trust Group
58
Sumitomo Mitsui Trust Group
Japan
$46.8M +$4.16M +106,142 +10%
Schroder Investment Management Group
59
Schroder Investment Management Group
United Kingdom
$43.1M -$215K -5,484 -0.5%
ECM
60
ExodusPoint Capital Management
New York
$42.6M +$9.21M +234,850 +29%
AIM
61
Artemis Investment Management
United Kingdom
$40.4M -$17.6M -449,942 -31%
FFB
62
First Financial Bankshares
Texas
$40.4M +$88.3K +2,253 +0.2%
Manulife (Manufacturers Life Insurance)
63
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$39.9M -$1.04M -26,596 -3%
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$39.7M +$606K +15,458 +2%
Verition Fund Management
65
Verition Fund Management
Connecticut
$39.3M +$17.5M +447,468 +85%
VOYA Investment Management
66
VOYA Investment Management
Georgia
$39.1M -$852K -21,716 -2%
SO
67
STRS Ohio
Ohio
$38.2M +$787K +20,064 +2%
CII
68
Capital International Inc
California
$37.6M -$238K -6,078 -0.6%
COPPSERS
69
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$37.5M +$1.5M +38,278 +4%
Mitsubishi UFJ Asset Management
70
Mitsubishi UFJ Asset Management
Japan
$36.9M +$3.3M +84,060 +10%
YCM
71
Yaupon Capital Management
New York
$36.7M +$348K +8,871 +1%
AllianceBernstein
72
AllianceBernstein
Tennessee
$36M +$8.46M +215,658 +32%
Ensign Peak Advisors
73
Ensign Peak Advisors
Utah
$35.1M -$481K -12,274 -1%
Retirement Systems of Alabama
74
Retirement Systems of Alabama
Alabama
$34.9M -$523K -13,350 -2%
ETC
75
Exchange Traded Concepts
Oklahoma
$34.7M +$3.82M +97,347 +13%

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.