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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
ZIM
101
Zacks Investment Management
Illinois
$18.3M +$10.2M +246,635 +140%
New York State Teachers Retirement System (NYSTRS)
102
New York State Teachers Retirement System (NYSTRS)
New York
$17.8M -$4.14K -100 -0%
Squarepoint
103
Squarepoint
New York
$17.7M +$8.35M +201,579 +97%
GC
104
Guggenheim Capital
Illinois
$17.6M -$586K -14,146 -3%
State Board of Administration of Florida Retirement System
105
State Board of Administration of Florida Retirement System
Florida
$17M -$186K -4,495 -1%
GF
106
Gabelli Funds
New York
$17M
Macquarie Group
107
Macquarie Group
Australia
$16.9M -$375K -9,065 -2%
Aberdeen Group
108
Aberdeen Group
United Kingdom
$16.7M +$3.17M +76,480 +25%
Robeco Institutional Asset Management
109
Robeco Institutional Asset Management
Netherlands
$16.7M -$8.12M -196,231 -34%
Royal London Asset Management
110
Royal London Asset Management
United Kingdom
$16.5M +$5.4M +130,547 +52%
MAM
111
Magellan Asset Management
Australia
$16M +$1.06M +25,721 +7%
HAI
112
Hennessy Advisors Inc
California
$15.7M -$2.26M -54,500 -13%
EIP
113
Energy Income Partners
Connecticut
$15.1M +$41.6K +1,004 +0.3%
Asset Management One
114
Asset Management One
Japan
$15.1M -$1.17M -28,241 -7%
Boston Partners
115
Boston Partners
Massachusetts
$14.6M -$195K -4,713 -1%
Hudson Bay Capital Management
116
Hudson Bay Capital Management
Connecticut
$14.4M -$1.09M -26,273 -7%
State of Wisconsin Investment Board
117
State of Wisconsin Investment Board
Wisconsin
$14.3M -$1.51M -36,475 -10%
Natixis Advisors
118
Natixis Advisors
Massachusetts
$14.2M -$5.29M -127,895 -28%
TAF
119
Tredje AP-fonden
Sweden
$14M +$9.05M +218,498 +209%
Man Group
120
Man Group
United Kingdom
$13.7M -$219K -5,294 -2%
Zurich Cantonal Bank
121
Zurich Cantonal Bank
Switzerland
$13.4M +$19.7K +475 +0.2%
GIM
122
Goelzer Investment Management
Indiana
$13.2M -$333K -8,055 -3%
State of Tennessee, Department of Treasury
123
State of Tennessee, Department of Treasury
Tennessee
$12.5M +$2.06M +49,865 +21%
FAF
124
Fjarde Ap-fonden
Sweden
$12.1M +$1.53M +37,000 +15%
PCM
125
Polymer Capital Management
New York
$11.8M +$3.71M +89,500 +49%

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.