Vault-13

NISOURCE INC NI 7.75 03.01.24

UNIT 12/01/2023 · PUBLIC · CUSIP 65473P121

40 institutional holders -5 vs Q1 2023
12,617,09412.6m shares reported held*
$857.9mreported value*
4 new 10 added 15 reduced 9 sold out net sold ≈ $2.4m (+700.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $68.00.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 40Q4 22: 47Q1 23: 45Q2 23: 4040Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202240
Q4 202247
Q1 202345
Q2 202340

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 26 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 23 cut or sold outQ1 23Q2 23: 14 bought or addedQ2 23: 24 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222614
Q1 20232223
Q2 20231424

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ New +651,680+651.7k
TWO SIGMA INVESTMENTS, LP New +445,000+445.0k
WOLVERINE ASSET MANAGEMENT LLC Added +104,577+104.6k
Verition Fund Management LLC New +60,000+60.0k
Nuveen Asset Management, LLC New +58,551+58.6k
BlackRock Inc. Added +55,977+56.0k
VAN ECK ASSOCIATES CORP Added +46,005+46.0k
MORGAN STANLEY Added +38,774+38.8k
STATE STREET CORP Added +30,000+30.0k
Skaana Management L.P. Added +24,717+24.7k

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Sold out -664,112-664.1k
CAMDEN ASSET MANAGEMENT L P /CA Sold out -555,675-555.7k
AEGON USA Investment Management, LLC Reduced -65,500-65.5k
Nuveen Asset Management, LLC Sold out -60,218-60.2k
JPMORGAN CHASE & CO Reduced -45,743-45.7k
VICTORY CAPITAL MANAGEMENT INC Reduced -44,626-44.6k
GOLDMAN SACHS GROUP INC Sold out -25,000-25.0k
BlueCrest Capital Management Ltd Sold out -21,215-21.2k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -15,198-15.2k
PALISADE CAPITAL MANAGEMENT, LP Reduced -13,669-13.7k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,129,0005.1m $5.2m $5.2m 0.01% Unchanged
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 938,448938.4k $95.3m $95.3m 0.01% Unchanged
3 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 839,931839.9k $85.5m $85.5m 0.09% Reduced -44.6k -44,626
4 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 821,140821.1k $84.1m $84.1m 0.05% Reduced -15.2k -15,198
5 Aequim Alternative Investments LP 3.01% of their portfolio MILL VALLEY, CA 787,500787.5k $80.1m $80.1m 3.01% Unchanged
6 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 722,500722.5k $73.8m $73.8m 0.02% Reduced -5.0k -5,000
7 BlackRock Inc. 0.00% of their portfolio New York, NY 708,340708.3k $72.1m $72.1m 0.00% Added +56.0k +55,977
8 ADVENT CAPITAL MANAGEMENT /DE/ 1.34% of their portfolio NEW YORK, NY 651,680651.7k $66.8m $66.8m 1.34% New
9 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 584,230584.2k $59.4m $59.4m 0.03% Unchanged
10 TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio NEW YORK, NY 445,000445.0k $45.3m $45.3m 0.12% New
11 VAN ECK ASSOCIATES CORP 0.04% of their portfolio NEW YORK, NY 200,703200.7k $20.4m $20.4m 0.04% Added +46.0k +46,005
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 182,888182.9k $18.5m $18.5m 0.00% Added +30.0k +30,000
13 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 181,150181.2k $18.4m $18.4m 0.00% Added +4.5k +4,450
14 PIER 88 INVESTMENT PARTNERS LLC 4.56% of their portfolio SAN FRANCISCO, CA 180,720180.7k $18.4m $18.4m 4.56% Unchanged
15 WOLVERINE ASSET MANAGEMENT LLC 0.33% of their portfolio CHICAGO, IL 172,635172.6k $17.5m $17.5m 0.33% Added +104.6k +104,577
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 150,000150.0k $15.3m $15.3m 0.02% Unchanged
17 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 145,585145.6k $14.9m $14.9m 0.03% Added +8.5k +8,480
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 122,024122.0k $12.4m $12.4m 0.00% Reduced -7.1k -7,132
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 108,248108.2k $11.0m $11.0m 0.00% Added +15.0k +15,030
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 94,11694.1k $9.5m $9.5m 0.00% Added +38.8k +38,774
21 AEGON USA Investment Management, LLC 3.81% of their portfolio CEDAR RAPIDS, IA 65,50065.5k $6.6m $6.6m 3.81% Reduced -65.5k -65,500
22 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 60,00060.0k $6.1m $6.1m 0.10% New
23 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 58,55158.6k $59.6k $59.6k 0.00% New
24 RATIONAL ADVISORS, INC. 0.30% of their portfolio San Juan, PR 35,80035.8k $3.7m $3.7m 0.30% Unchanged
25 LAFFER TENGLER INVESTMENTS, INC. 0.90% of their portfolio Scottsdale, AZ 33,63533.6k $3.4m $3.4m 0.90% Reduced -1.5k -1,455
26 Skaana Management L.P. 0.95% of their portfolio BROOKLYN, NY 31,77731.8k $3.2m $3.2m 0.95% Added +24.7k +24,717
27 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 31,13131.1k $3.2m $3.2m 0.08% Reduced -13.7k -13,669
28 SSI INVESTMENT MANAGEMENT LLC 0.19% of their portfolio Los Angeles, CA 27,11027.1k $2.8m $2.8m 0.19% Reduced -9.5k -9,530
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 12,23012.2k $1.2m $1.2m 0.00% Reduced -9.2k -9,216
30 INFRASTRUCTURE CAPITAL ADVISORS, LLC 0.15% of their portfolio New York, NY 9,8169.8k $998.8k $998.8k 0.15% Added +7.5k +7,486
31 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 6,0006.0k $610.5k $610.5k 0.00% Reduced -6.0k -6,000
32 FMR LLC 0.00% of their portfolio BOSTON, MA 4,0004.0k $408.8k $408.8k 0.00% Reduced -4.0k -4,000
33 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 3,1833.2k $323.9k $323.9k 0.00% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,1363.1k $319.1k $319.1k 0.00% Reduced -45.7k -45,743
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,9392.9k $299.0k $299.0k 0.00% Reduced -864 -864
36 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 2,4102.4k $246.9k $246.9k 0.00% Reduced -934 -934
37 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 2,3002.3k $234.0k $234.0k 0.00% Unchanged
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,5281.5k $155.0k $155.0k 0.00% Reduced -878 -878
39 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 186186 $18.9k $18.9k 0.00% Unchanged
40 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged