Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nisource Inc (NI)

904 + 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
↑ +35
Streak
4Q ▲
Buyers last Q
61%

Smart Money Signals — NI

Based on 910 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
910 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 — +19% more funds vs a year ago

fund count last 6Q
+147 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

507 buying324 selling
Last quarter: 507 funds were net buyers (113 opened a brand new position + 394 added to an existing one). Only 324 were sellers (246 trimmed + 78 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-18 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 105 → 122 → 131 → 113. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 19% new
567 out of 910 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.
➡️

Steady discovery — ~113 new funds/quarter

77 → 105 → 122 → 131 → 113 new funds/Q
New funds entering each quarter: 105 → 122 → 131 → 113. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 67% veterans vs 21% newcomers

■ 67% veterans ■ 12% 1-2yr ■ 21% new
Entry-cohort mix of 920 holders: 616 (67%) are 2+ year veterans, 114 entered 1–2 years ago, and 190 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
66 of 910 holders are among the 100 largest funds by AUM, controlling 59% 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 Q2, 507 hedge funds were net buyers of NI (113 opened a new position, 394 added to an existing one), while 324 reduced or exited (246 trimmed, 78 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 59% of total institutional value in NI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +35 funds (more new holders than closures). Total institutional holders: 910.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 4 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: NI
904 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 904 875 3.31%
13F Shares 460M 450M 2.4%
Total Value $19.83B $18.00B 10.19%
New Positions 111 131 -20
Increased Positions 391 333 +58
Closed Positions 82 80 +2
Reduced Positions 241 259 -18
Total Calls 5 6 -16.67%
Total Puts 5 4 25.0%
PUT/CALL Ratio 1.0 0.67 Neutral

Statistics: NI

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Institutional Holders (2026 Q2)

904 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Zimmer Partners, LP 4.68% 4,277,259 $203.4M
2 Beck Bode, LLC 3.37% 468,667 $22.3M
3 Ausbil Investment Management Ltd 3.34% 157,560 $7.4M
4 Reaves W H & Co Inc 2.95% 4,088,685 $194.4M
5 HITE Hedge Asset Management LLC 2.19% 839,916 $39.9M
6 Bellars Harris Wealth Management, LLC 2.02% 209,027 $9.9M
7 ANTIPODES PARTNERS Ltd 1.89% 2,164,103 $102.9M
8 Yaupon Capital Management LP 1.64% 1,749,831 $83.2M
9 Thomasville National Bank 1.55% 592,284 $28.2M
10 Mizuho Markets Americas LLC 1.50% 2,007,300 $95.4M
11 Duff & Phelps Investment Management Co 1.39% 3,097,280 $147.3M
12 Archon Partners LLC 1.29% 255,000 $12.1M
13 Morton Community Bank 1.18% 122,250 $5.8M
14 Aventail Capital Group, LP 1.15% 421,928 $20.1M
15 Fox Hill Wealth Management 1.06% 55,599 $2.6M
16 iSAM Funds (UK) Ltd 1.04% 31,000 $1.5M
17 HF Advisory Group, LLC 1.02% 69,432 $3.3M
18 Finward Bancorp 1.01% 28,133 $1.3M
19 Polymer Capital Management (US) LLC 1.01% 160,000 $7.6M
20 Lincoln Capital Corp 1.00% 65,022 $3.1M
21 Waratah Capital Advisors Ltd. 1.00% 616,779 $29.3M
22 First Financial Bankshares Inc 0.88% 991,625 $47.2M
23 Machina Capital S.A.S. 0.87% 115,901 $5.5M
24 Bfsg, LLC 0.83% 196,737 $9.4M
25 Tema Etfs LLC 0.82% 533,936 $25.4M
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 — 4 quarters in a row: For 4 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?

More buyers than sellers — 61% buying: Last quarter: 507 funds were net buyers (113 opened a brand new position + 394 added to an existing one). Only 324 were sellers (246 trimmed + 78 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NI holders?

Elite ownership — 59% AUM from top-100 funds: 66 of 910 holders are among the 100 largest funds by AUM, controlling 59% 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: 567 out of 910 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.

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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