Funds added to NiSource positions

At Holdings Channel, we reviewed 768 13F filings for the reporting period of 12/31/2021 and reviewed the various constituents of the S&P 500 held by each of these reporting hedge funds and other 13F filers. For each component, we have totaled the number of shares held in all of these funds. Then, we returned to the period of 09/30/2021, and did the same exercise for each of these 768 funds. By comparing the same group over the two periods, we can see which components of the S&P 500, overall, these particular funds have been buying and selling.

One component that stands out with notable purchases is NiSource Inc. (Ticker: NI). Let’s clarify before we go any further that 13F filings don’t tell the whole story, as these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short posts. A fund making a bearish bet against a stock by selling short calls, for example, could also be long a certain amount of stock as it trades around its overall bearish position. This long component could appear in a 13F record and everyone could assume the fund is bullish, but that only tells part of the story. because the bearish/short side of the position is not visible.

However, we believe that looking groups 13F filings can be an interesting exercise, especially when comparing one holding period to another. So let’s take a look at the evolution of the NI positions in this group of 768 funds that we have reviewed and that have filed for the period of 12/31/2021, compared to their report of 09/30/2021. We found that between these two periods, the funds increased their holdings by a total of 951,050 shares, from 1,259,221 to 2,210,271 for an increase in the number of shares of approximately 75.53%.

The top three funds holding NI as of 12/31/2021 were:

We will continue to track the latest 13F filings by fund managers and bring you interesting stories derived from a look at aggregate information across manager groups between filing periods. Although reviewing individual 13F statements can sometimes be misleading due to the lengthy nature of the information, the total sum across groups funds from one reporting period to another can be much more revealing and relevant, providing interesting stock ideas that merit further research, such as NiSource Inc. (Ticker: NI).

10 components of the S&P 500 that hedge funds are buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comments are closed.