NiSource Inc. Series A Corporate Units
NIMC
NIMC was delisted on the 30th of November, 2023.
28 hedge funds and large institutions have $814M invested in NiSource Inc. Series A Corporate Units in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 17 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less capital invested
Capital invested by funds: $858M → $814M (-$43.7M)
24% less funds holding
Funds holding: 37 → 28 (-9)
53% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$150M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
+$101M |
| 3 |
Two Sigma Investments
New York
|
+$59M |
| 4 |
D.E. Shaw & Co
New York
|
+$54.3M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$84.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$73.8M |
| 3 |
ACM
Advent Capital Management
New York
|
-$66.8M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$32M |
| 5 |
State Street
Boston,
Massachusetts
|
-$18.5M |
NIMC Hedge Fund Activity: Q3 2023 in Review
28 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in NiSource Inc. Series A Corporate Units (NIMC) for Q3 2023, worth a combined $814M — down 5.1% from $858M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NIMC and 8 opened new positions — a net loss of 9 holders — while 7 trimmed existing stakes and 10 added.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $150M. The largest seller was Manulife (Manufacturers Life Insurance), exiting entirely with an estimated $84.1M sold.
- 28 institutional investors held NiSource Inc. Series A Corporate Units (NIMC) as of Q3 2023, down from 37 in Q2 2023.
- Funds reported $814M of NiSource Inc. Series A Corporate Units stock for Q3 2023, down 5.1% quarter-over-quarter.
- 8 funds opened new NiSource Inc. Series A Corporate Units positions in Q3 2023 and 17 closed out, a net change of -9 holders.
- The largest NiSource Inc. Series A Corporate Units buyer in Q3 2023 was Weiss Asset Management, an estimated $150M added.
- The largest NiSource Inc. Series A Corporate Units seller in Q3 2023 was Manulife (Manufacturers Life Insurance), an estimated $84.1M sold.
Based on aggregated 13F filings for Q3 2023.