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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
BI
751
Binnacle Investments
Iowa
$887 +$863 +22 New
TFM
752
TFC Financial Management
Massachusetts
$855 +$78 +2 +11%
BFS
753
Bare Financial Services
Pennsylvania
$807 +$784 +20 New
RWM
754
Rialto Wealth Management
New York
$767 -$510 -13 -41%
QWM
755
Quaker Wealth Management
New Jersey
$767 +$745 +19 New
PWM
756
Parkworth Wealth Management
California
$726 +$353 +9 +100%
HIA
757
HFM Investment Advisors
New Jersey
$645 +$392 +10 +167%
HFS
758
Hughes Financial Services
Virginia
$628
AWM
759
Activest Wealth Management
Florida
$605 +$588 +15 New
ACA
760
American Capital Advisory
Idaho
$565 +$274 +7 +100%
AT
761
Arlington Trust
Alabama
$565 +$549 +14 New
BWL
762
Bogart Wealth LLC
Virginia
$524 +$510 +13 New
VWA
763
Valued Wealth Advisors
Utah
$364
CT
764
Clearstead Trust
Maine
$364 +$353 +9 New
PWMG
765
Private Wealth Management Group
New Jersey
$243 +$39 +1 +20%
RPA
766
Redwood Park Advisors
California
$202
IAS
767
IMA Advisory Services
Colorado
$202 +$196 +5 New
KG
768
Kilter Group
New York
$202 +$196 +5 New
SIS
769
Sound Income Strategies
Florida
$202 +$196 +5 New
TIM
770
Tortoise Investment Management
New York
$202 +$196 +5 New
HNW
771
High Note Wealth
Minnesota
$161
LFA
772
LGT Financial Advisors
Texas
$161 +$157 +4 New
CIA
773
Cape Investment Advisory
Georgia
$121
Jane Street
774
Jane Street
New York
-$18.3M -456,366 Closed
UOC
775
UBS O'Connor
Illinois
-$11.1M -277,340 Closed

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.