Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nisource Inc (NI)

867 + Investors. Track Smart Money conviction in NI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +50
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — NI

Based on 872 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added NI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
872 hedge funds hold NI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+92 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

466 buying340 selling
Last quarter: 466 funds bought or added vs 340 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new NI position: 76 → 105 → 122 → 130. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 20% medium ■ 18% new
540 out of 872 hedge funds have held NI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

134 → 76 → 105 → 122 → 130 new funds/Q
New funds entering each quarter: 76 → 105 → 122 → 130. A growing number of institutions are discovering NI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 23% new
Entry-cohort mix of 882 holders: 584 (66%) are 2+ year veterans, 95 entered 1–2 years ago, and 203 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
63 of 872 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in NI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NI

In 2026 Q1, 466 hedge funds were net buyers of NI (130 opened a new position, 336 added to an existing one), while 340 reduced or exited (260 trimmed, 80 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 44% of total institutional value in NI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +50 funds (more new holders than closures). Total institutional holders: 872.

Hedge Fund Ownership: NI

How many hedge funds hold NI — quarterly history vs. share price
Quarterly hedge fund ownership of NI vs. share price

Market Analysis: NI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Nisource Inc (NI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NI has moved relative to its sector benchmark (XLU) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
NI
nan%
XLU
nan%

NI outperformed XLU by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
NI
nan%
XLU
nan%

Since the filing became public, NI outperformed XLU by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

53 top-rated funds 3 high-conviction
Consensus
7.5
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: NI
867 + Investors

Track Smart Money conviction in NI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 867 822 5.47%
13F Shares 444M 448M -0.83%
Total Value $17.78B $18.77B -5.29%
New Positions 126 122 +4
Increased Positions 333 302 +31
Closed Positions 81 71 +10
Reduced Positions 257 257 -
Total Calls 6 5 20.0%
Total Puts 4 5 -20.0%
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: NI

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

867 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Zimmer Partners, LP 5.79% 5,142,959 $240.0M
2 Beck Bode, LLC 3.70% 469,174 $21.9M
3 Ausbil Investment Management Ltd 3.68% 157,560 $7.4M
4 Reaves W H & Co Inc 3.18% 4,112,345 $191.9M
5 HITE Hedge Asset Management LLC 2.31% 877,440 $40.9M
6 Mizuho Markets Americas LLC 2.10% 1,651,000 $77.0M
7 ANTIPODES PARTNERS Ltd 1.88% 2,097,998 $97.9M
8 Yaupon Capital Management LP 1.81% 1,242,895 $58.0M
9 Duff & Phelps Investment Management Co 1.51% 3,106,640 $145.0M
10 Board of the Pension Protection Fund 1.47% 34,200 $1.6M
11 Morton Community Bank 1.22% 120,645 $5.6M
12 Fox Hill Wealth Management 1.22% 54,332 $2.5M
13 Archon Partners LLC 1.16% 210,000 $9.8M
14 Tema Etfs LLC 1.15% 367,563 $17.2M
15 Lincoln Capital Corp 1.12% 65,353 $3.0M
16 Finward Bancorp 1.05% 28,158 $1.3M
17 HF Advisory Group, LLC 1.04% 65,120 $3.0M
18 Alamea Verwaltungs GmbH 0.95% 27,344 $1.3M
19 First Financial Bankshares Inc 0.94% 1,000,418 $46.7M
20 iSAM Funds (UK) Ltd 0.93% 40,408 $1.9M
21 Eventide Asset Management, LLC 0.88% 1,143,590 $53.3M
22 Bfsg, LLC 0.87% 198,048 $9.2M
23 DC Investments Management, LLC 0.84% 46,961 $2.2M
24 Teza Capital Management LLC 0.82% 4,797 $224K
25 Cantor Fitzgerald Investment Advisors L.P. 0.68% 198,951 $9.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Nisource Inc (NI)

What does the Smart Money Trend signal show for NI?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added NI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NI?

Slight buying edge — 58% buying: Last quarter: 466 funds bought or added vs 340 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NI holders?

Elite ownership — 44% AUM from top-100 funds: 63 of 872 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in NI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NI?

62% of holders stayed for 2+ years: 540 out of 872 hedge funds have held NI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Nisource Inc (NI) following the 2026 Q1 hedge fund 13F filings?

As of today, NI has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLU sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), NI has gained nan% vs nan% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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