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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
Envestnet Portfolio Solutions
126
Envestnet Portfolio Solutions
Illinois
$12.3M +$3.49M +88,978 +41%
SFI
127
Susquehanna Fundamental Investments
Pennsylvania
$12.2M -$4.38M -111,576 -27%
SC
128
SummitTX Capital
Texas
$11.8M -$3.15M -80,334 -21%
TI
129
Trexquant Investment
Connecticut
$11.2M -$10.2M -259,666 -48%
WorldQuant Millennium Advisors
130
WorldQuant Millennium Advisors
New York
$11.2M +$10.4M +265,585 +2,214%
ZP
131
Zimmer Partners
New York
$11.1M +$2.46M +62,773 +30%
SIA
132
Sit Investment Associates
Minnesota
$10.9M -$608K -15,500 -5%
SGI
133
Summit Global Investments
Utah
$10.8M +$8.39M +213,917 +405%
LI
134
Leeward Investments
Massachusetts
$10.5M -$225K -5,749 -2%
MHI
135
Miller Howard Investments
New York
$10.3M +$352K +8,976 +4%
ACG
136
Aventail Capital Group
New York
$10.2M -$124K -3,164 -1%
Royal London Asset Management
137
Royal London Asset Management
United Kingdom
$10.1M +$9.88K +252 +0.1%
Chevy Chase Trust
138
Chevy Chase Trust
Maryland
$10M +$84.8K +2,162 +0.9%
DZ Bank
139
DZ Bank
Germany
$9.92M -$8.5M -216,839 -47%
FAF
140
Fjarde Ap-fonden
Sweden
$9.8M +$1.18M +30,000 +14%
SPS
141
Susquehanna Portfolio Strategies
Pennsylvania
$9.73M +$9.46M +241,264 New
State of Tennessee, Department of Treasury
142
State of Tennessee, Department of Treasury
Tennessee
$9.67M +$390K +9,942 +4%
BNP Paribas Asset Management
143
BNP Paribas Asset Management
France
$9.36M -$35.6M -908,269 -80%
New York State Common Retirement Fund
144
New York State Common Retirement Fund
New York
$9.13M
LPL Financial
145
LPL Financial
California
$9.06M -$381K -9,728 -4%
Calamos Advisors
146
Calamos Advisors
Illinois
$8.94M
O
147
Ossiam
France
$8.87M +$8.49M +216,532 +6,244%
Treasurer of the State of North Carolina
148
Treasurer of the State of North Carolina
North Carolina
$8.87M +$237K +6,050 +3%
VanEck Associates
149
VanEck Associates
New York
$8.55M +$547K +13,959 +7%
BFS
150
Bradley Foster & Sargent
Connecticut
$8.53M

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.