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784 hedge funds and large institutions have $19.3B invested in NiSource in 2025 Q3 according to their latest regulatory filings, with 99 funds opening new positions, 272 increasing their positions, 272 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more funds holding in top 10

Funds holding in top 10: 38 (+5)

129% more call options, than puts

Call options by funds: $171M | Put options by funds: $74.4M

29% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 77

5% more capital invested

Capital invested by funds: $18.3B → $19.3B (+$973M)

1% more funds holding

Funds holding: 773784 (+11)

0% more repeat investments, than reductions

Existing positions increased: 272 | Existing positions reduced: 272

1.87% less ownership

Funds ownership: 96.41%94.54% (-1.9%)

Holders
784
Holders Change
+11
Holders Change %
+1.42%
% of All Funds
10.29%
Holding in Top 10
8
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+166.67%
% of All Funds
0.11%
New
99
Increased
272
Reduced
272
Closed
77
Calls
$171M
Puts
$74.4M
Net Calls
+$96.1M
Net Calls Change
+$102M
Name Holding Trade Value Shares
Change
Change in
Stake
Swiss National Bank
51
Swiss National Bank
Switzerland
$58.7M -$2.8M -67,700 -5%
Manulife (Manufacturers Life Insurance)
52
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$58.2M +$14.6M +353,846 +36%
Adage Capital Partners
53
Adage Capital Partners
Massachusetts
$57.5M +$37.2M +897,500 +208%
VDI
54
Vaughan David Investments
Illinois
$56.9M +$166K +4,002 +0.3%
Victory Capital Management
55
Victory Capital Management
Texas
$52.7M -$381K -9,196 -0.8%
Citadel Advisors
56
Citadel Advisors
Florida
$50.9M -$63.8M -1,540,179 -57%
EIP
57
Epoch Investment Partners
New York
$50.8M -$8.41M -203,252 -15%
Barclays
58
Barclays
United Kingdom
$50M -$7.21M -174,150 -13%
Verition Fund Management
59
Verition Fund Management
Connecticut
$49.6M +$7.02M +169,614 +17%
Schroder Investment Management Group
60
Schroder Investment Management Group
United Kingdom
$49.2M +$2.89M +69,700 +7%
AQR Capital Management
61
AQR Capital Management
Connecticut
$48M +$13.2M +319,103 +40%
Sumitomo Mitsui Trust Group
62
Sumitomo Mitsui Trust Group
Japan
$47.4M -$2.69M -65,053 -6%
Amundi
63
Amundi
France
$46.3M -$28M -676,063 -39%
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$43.6M +$990K +23,901 +2%
FFB
65
First Financial Bankshares
Texas
$43M -$369K -8,923 -0.9%
Renaissance Technologies
66
Renaissance Technologies
New York
$42.5M -$15.9M -383,490 -28%
VOYA Investment Management
67
VOYA Investment Management
Georgia
$41.8M -$158K -3,817 -0.4%
CII
68
Capital International Inc
California
$40.8M +$348K +8,394 +0.9%
Massachusetts Financial Services
69
Massachusetts Financial Services
Massachusetts
$40.6M +$38.8M +937,901 New
AIM
70
Artemis Investment Management
United Kingdom
$40.2M -$3.03M -73,140 -7%
Mitsubishi UFJ Asset Management
71
Mitsubishi UFJ Asset Management
Japan
$39.6M -$7.12K -172 -0%
AllianceBernstein
72
AllianceBernstein
Tennessee
$39.2M +$550K +13,283 +1%
ERSOT
73
Employees Retirement System of Texas
Texas
$38.7M -$12.7M -305,833 -26%
COPPSERS
74
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$38.4M -$1.77M -42,796 -5%
Ensign Peak Advisors
75
Ensign Peak Advisors
Utah
$37.6M -$42.5K -1,026 -0.1%

NI Hedge Fund Activity: Q3 2025 in Review

784 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in NiSource (NI) for Q3 2025, worth a combined $19.3B — up 5.3% from $18.3B a quarter earlier.

Buyers outnumbered sellers: 99 funds opened new NI positions and 77 closed out — a net gain of 22 holders — while 272 added to existing stakes and 272 trimmed.

The largest buyer was Zimmer Partners, adding an estimated $232M. The largest seller was Bank of Montreal, cutting an estimated $112M.

  • 784 institutional investors held NiSource (NI) as of Q3 2025, up from 773 in Q2 2025.
  • Funds reported $19.3B of NiSource stock for Q3 2025, up 5.3% quarter-over-quarter.
  • 99 funds opened new NiSource positions in Q3 2025 and 77 closed out, a net change of +22 holders.
  • The largest NiSource buyer in Q3 2025 was Zimmer Partners, an estimated $232M added.
  • The largest NiSource seller in Q3 2025 was Bank of Montreal, an estimated $112M sold.

Based on aggregated 13F filings for Q3 2025.