Which funds own NI
Nisource Inc in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $445m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 3
- at least, of 91 current
- Combined value
- $445m
- as reported
- Opened
- 1
- new this quarter
- Added to
- 1
- already held
- Trimmed or sold out
- 1
- 1 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Soroban Capital Partners LP Long/short equity · $47.8bn book | $214m | 0.4% | 4,493,353 | +$4.0m0 | Held |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $164m | 0.2% | 3,457,694 | +$164m+3,445,111 | Added |
| Bridgewater Associates LP Macro · $24.4bn book | $67m | 0.3% | 1,410,001 | opened1,410,001 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Quantbot Technologies LP · Quantitative$1.8m held before
Ownership through time
At least 11 of the 95 managers whose filings are on file listed NI in Q2 2026, against 7 in Q2 2013. 4 managers more than in Q1 2026: 1 started a position; 4 listed it again; 1 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 7
- Q3 2013: 6
- Q4 2013: 7
- Q1 2014: 6
- Q2 2014: 8
- Q3 2014: 10
- Q4 2014: 6
- Q1 2015: 5
- Q2 2015: 10
- Q3 2015: 7
- Q4 2015: 8
- Q1 2016: 9
- Q2 2016: 10
- Q3 2016: 11
- Q4 2016: 12
- Q1 2017: 15
- Q2 2017: 10
- Q3 2017: 13
- Q4 2017: 8
- Q1 2018: 7
- Q2 2018: 10
- Q3 2018: 9
- Q4 2018: 8
- Q1 2019: 10
- Q2 2019: 14
- Q3 2019: 16
- Q4 2019: 17
- Q1 2020: 15
- Q2 2020: 11
- Q3 2020: 12
- Q4 2020: 9
- Q1 2021: 10
- Q2 2021: 12
- Q3 2021: 11
- Q4 2021: 13
- Q1 2022: 13
- Q2 2022: 10
- Q3 2022: 11
- Q4 2022: 13
- Q1 2023: 13
- Q2 2023: 9
- Q3 2023: 11
- Q4 2023: 10
- Q1 2024: 9
- Q2 2024: 11
- Q3 2024: 11
- Q4 2024: 11
- Q1 2025: 8
- Q2 2025: 7
- Q3 2025: 9
- Q4 2025: 10
- Q1 2026: 7
- Q2 2026: 11
- Q2 2013: $1.2bn
- Q3 2013: $1.4bn
- Q4 2013: $1.5bn
- Q1 2014: $1.7bn
- Q2 2014: $1.9bn
- Q3 2014: $1.8bn
- Q4 2014: $1.9bn
- Q1 2015: $2.5bn
- Q2 2015: $1.9bn
- Q3 2015: $819m
- Q4 2015: $892m
- Q1 2016: $1.0bn
- Q2 2016: $1.2bn
- Q3 2016: $1.1bn
- Q4 2016: $1.1bn
- Q1 2017: $1.2bn
- Q2 2017: $1.2bn
- Q3 2017: $1.2bn
- Q4 2017: $1.2bn
- Q1 2018: $1.6bn
- Q2 2018: $2.6bn
- Q3 2018: $2.5bn
- Q4 2018: $2.3bn
- Q1 2019: $2.7bn
- Q2 2019: $2.5bn
- Q3 2019: $2.6bn
- Q4 2019: $2.5bn
- Q1 2020: $2.2bn
- Q2 2020: $1.8bn
- Q3 2020: $1.9bn
- Q4 2020: $1.6bn
- Q1 2021: $1.7bn
- Q2 2021: $1.4bn
- Q3 2021: $1.2bn
- Q4 2021: $1.1bn
- Q1 2022: $1.5bn
- Q2 2022: $1.3bn
- Q3 2022: $851m
- Q4 2022: $920m
- Q1 2023: $742m
- Q2 2023: $679m
- Q3 2023: $688m
- Q4 2023: $727m
- Q1 2024: $701m
- Q2 2024: $1.3bn
- Q3 2024: $1.0bn
- Q4 2024: $1.3bn
- Q1 2025: $1.2bn
- Q2 2025: $676m
- Q3 2025: $888m
- Q4 2025: $902m
- Q1 2026: $900m
- Q2 2026: $1.2bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Bridgewater Associates LPnew: 1,410,001 shares+$67m
- Verition Fund Management LLC332,058 to 416,045 shares+$4.0m
Largest decreases, by shares
- Wellington Management Group LLP4,532,929 to 4,079,703 shares-$22m
- MFS Investment Management1,879,575 to 1,860,744 shares-$895k
- Invesco Ltd7,791,627 to 7,790,163 shares-$70k
Left it
No manager on file is shown leaving it.
What NI is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around NI →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
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