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NiSource

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
PWA
751
Principia Wealth Advisory
Texas
$1.3K +$166 +4 +15%
BHWM
752
Bay Harbor Wealth Management
Maryland
$1.21K +$248 +6 +27%
MEG
753
Millstone Evans Group
Colorado
$1.17K
RWM
754
Rialto Wealth Management
New York
$1.08K +$248 +6 +32%
AW
755
Avion Wealth
Texas
$1K
SIC
756
SJS Investment Consulting
Ohio
$996
AWM
757
Activest Wealth Management
Florida
$953 +$290 +7 +47%
WA
758
WestEnd Advisors
North Carolina
$953 +$911 +22 New
TFM
759
TFC Financial Management
Massachusetts
$917
QWM
760
Quaker Wealth Management
New Jersey
$823
TIM
761
Tortoise Investment Management
New York
$736 +$497 +12 +240%
HFS
762
Hughes Financial Services
Virginia
$656
HIA
763
HFM Investment Advisors
New Jersey
$650 -$41 -1 -6%
FC
764
Financial Consulate
Maryland
$650 +$621 +15 New
CMA
765
Cedar Mountain Advisors
Oregon
$606 +$580 +14 New
BWL
766
Bogart Wealth LLC
Virginia
$563
CPG
767
Cornerstone Planning Group
New Jersey
$533 -$3.48K -84 -82%
BIM
768
Breakwater Investment Management
Washington
$520 +$497 +12 New
ACA
769
American Capital Advisory
Idaho
$477 -$124 -3 -21%
TPBG
770
Turning Point Benefit Group
Maryland
$430 +$414 +10 New
CT
771
Clearstead Trust
Maine
$390
VWA
772
Valued Wealth Advisors
Utah
$390
PWMG
773
Private Wealth Management Group
New Jersey
$260
DCM
774
Davis Capital Management
Florida
$260 +$248 +6 New
SC
775
SouthState Corp
Florida
$217 -$828 -20 -80%

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.