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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
GSWM
726
Golden State Wealth Management
California
$3.98K
PWA
727
Physician Wealth Advisors
Utah
$3.94K +$2.77K +67 +279%
RFA
728
Reyes Financial Architecture
California
$3.9K
FIM
729
FWL Investment Management
Texas
$3.9K +$3.73K +90 New
WPA
730
Wealth Preservation Advisors
Tennessee
$3.55K
JWM
731
JPL Wealth Management
Colorado
$3.38K +$3.23K +78 New
AUB
732
Atlantic Union Bankshares
Virginia
$3.38K
HCM
733
Hollencrest Capital Management
California
$3.25K
TH
734
TCTC Holdings
Texas
$3.2K
CCM
735
Cloud Capital Management
Washington
$3K +$3.31K +80 New
TCM
736
Tradewinds Capital Management
Washington
$2.99K +$2.86K +69 New
DPW
737
DiNuzzo Private Wealth
Pennsylvania
$2.88K
MSWM
738
Mowery & Schoenfeld Wealth Management
Illinois
$2.79K
FHC
739
First Horizon Corporation
Tennessee
$2.69K +$2.57K +62 New
CFO
740
CVA Family Office
Colorado
$2.38K
DWM
741
Darwin Wealth Management
Florida
$2.17K
SWA
742
SOA Wealth Advisors
New York
$2.11K +$41 +1 +2%
GKIM
743
GW&K Investment Management
Massachusetts
$2K
SRCM
744
Signature Resources Capital Management
California
$1.99K -$621 -15 -25%
BI
745
Binnacle Investments
Iowa
$1.86K +$869 +21 +95%
PWMG
746
Prestige Wealth Management Group
New Jersey
$1.6K
BFS
747
Bare Financial Services
Pennsylvania
$1.6K +$704 +17 +85%
DF
748
Dunhill Financial
United Kingdom
$1.43K
EWP
749
Elevation Wealth Partners
California
$1.43K +$1.37K +33 New
WWA
750
Wealth Watch Advisors
Colorado
$1.34K +$1.28K +31 New

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.