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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
Retirement Systems of Alabama
76
Retirement Systems of Alabama
Alabama
$37.4M -$23.2K -560 -0.1%
T. Rowe Price Associates
77
T. Rowe Price Associates
Maryland
$36.7M +$1.64M +39,632 +5%
Wells Fargo
78
Wells Fargo
California
$35.3M +$1.43M +34,578 +4%
Canada Life
79
Canada Life
Manitoba, Canada
$33.5M +$11.5M +278,495 +56%
Russell Investments Group
80
Russell Investments Group
United Kingdom
$32.1M +$524K +12,664 +2%
ETC
81
Exchange Traded Concepts
Oklahoma
$30.2M -$6.72M -162,429 -19%
Carson Wealth (CWM LLC)
82
Carson Wealth (CWM LLC)
Nebraska
$30M -$301K -7,272 -1%
HSBC Holdings
83
HSBC Holdings
United Kingdom
$29.8M -$4.94M -119,300 -15%
Prudential Financial
84
Prudential Financial
New Jersey
$28.1M -$53.5M -1,291,444 -67%
BNP Paribas Financial Markets
85
BNP Paribas Financial Markets
France
$27.2M -$8.74M -211,014 -25%
TCA
86
Tortoise Capital Advisors
Kansas
$25.7M -$36.1K -872 -0.1%
TNB
87
Thomasville National Bank
Georgia
$25M +$250K +6,038 +1%
SO
88
STRS Ohio
Ohio
$24.9M -$15.4M -371,574 -39%
BPWM
89
Badgley Phelps Wealth Managers
Washington
$24.8M +$175K +4,219 +0.7%
EAM
90
Eventide Asset Management
Massachusetts
$24.7M +$2.05M +49,451 +9%
California State Teachers Retirement System (CalSTRS)
91
California State Teachers Retirement System (CalSTRS)
California
$24.1M -$15.9K -385 -0.1%
Envestnet Asset Management
92
Envestnet Asset Management
Illinois
$22.3M -$4.23M -102,109 -17%
SEI Investments
93
SEI Investments
Pennsylvania
$22.3M -$6.76M -163,310 -24%
Neuberger Berman Group
94
Neuberger Berman Group
New York
$21.2M -$238K -5,737 -1%
BBL
95
Beck Bode LLC
Massachusetts
$20.7M -$32.7K -790 -0.2%
Jane Street
96
Jane Street
New York
$20.2M +$19.3M +467,085 New
Rockefeller Capital Management
97
Rockefeller Capital Management
New York
$20.2M -$22.9K -554 -0.1%
MSRPS
98
Maryland State Retirement & Pension System
Maryland
$19.9M +$508K +12,279 +3%
Citigroup
99
Citigroup
New York
$19.8M -$808K -19,527 -4%
Raymond James Financial
100
Raymond James Financial
Florida
$18.9M +$281K +6,785 +2%

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.