Cliff Asness's NI Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.34 M shares of NiSource Inc. (NI) worth $55.95 M, representing 0.03% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in NI, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2015, adding 7.39 M shares. Largest reduction occurred in Q2 2017, reducing 5.22 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's NiSource (NI) Holding Value Over Time
Track share changes against reported price movement
Quarterly NiSource (NI) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +231,622 | Add 20.90% | 1.34 M | $41.76 |
| Q3 2025 | +319,103 | Add 40.44% | 1.11 M | $43.27 |
| Q2 2025 | -1.63 M | Reduce 67.38% | 789,120 | $39.96 |
| Q1 2025 | +116,538 | Add 5.06% | 2.42 M | $15.75 |
| Q4 2024 | -993,846 | Reduce 30.15% | 2.3 M | $14.44 |
| Q3 2024 | -816,479 | Reduce 19.85% | 3.3 M | $13.54 |
| Q2 2024 | +2.23 M | Add 118.36% | 4.11 M | $11.29 |
| Q1 2024 | +938,181 | Add 99.22% | 1.88 M | $10.82 |
| Q4 2023 | -2 M | Reduce 67.87% | 945,516 | $10.37 |
| Q3 2023 | -158,770 | Reduce 5.12% | 2.94 M | $9.70 |
| Q2 2023 | -661,458 | Reduce 17.58% | 3.1 M | $10.71 |
| Q1 2023 | +100,482 | Add 2.74% | 3.76 M | $10.95 |
| Q4 2022 | +1.18 M | Add 47.30% | 3.66 M | $10.77 |
| Q3 2022 | +735,956 | Add 42.05% | 2.49 M | $9.90 |
| Q2 2022 | +274,483 | Add 18.60% | 1.75 M | $11.56 |
| Q1 2022 | +524,830 | Add 55.19% | 1.48 M | $12.49 |
| Q4 2021 | +726,992 | Add 324.57% | 950,975 | $10.83 |
| Q3 2021 | -344,209 | Reduce 60.58% | 223,983 | $9.52 |
| Q2 2021 | +401,449 | Add 240.76% | 568,192 | $9.63 |
| Q1 2021 | +123,208 | Add 283.01% | 166,743 | $9.43 |
| Q4 2020 | +43,535 | New Buy | 43,535 | $8.91 |
| Q3 2020 | -38,020 | Sold Out | 0 | $0.00 |
| Q2 2020 | -1.63 M | Reduce 97.71% | 38,020 | $8.92 |
| Q1 2020 | +1.08 M | Add 185.43% | 1.66 M | $9.81 |
| Q4 2019 | +77,086 | Add 15.24% | 582,940 | $10.89 |
| Q3 2019 | -319,418 | Reduce 38.70% | 505,854 | $11.76 |
| Q2 2019 | +700,218 | Add 559.93% | 825,272 | $11.32 |
| Q1 2019 | +32,525 | Add 35.15% | 125,054 | $11.26 |
| Q4 2018 | -34,304 | Reduce 27.05% | 92,529 | $9.96 |
| Q3 2018 | -385,381 | Reduce 75.24% | 126,833 | $9.79 |
| Q2 2018 | -118,335 | Reduce 18.77% | 512,214 | $10.33 |
| Q1 2018 | -1.74 M | Reduce 73.42% | 630,549 | $9.39 |
| Q4 2017 | -566,110 | Reduce 19.27% | 2.37 M | $10.09 |
| Q3 2017 | -1.74 M | Reduce 37.19% | 2.94 M | $10.05 |
| Q2 2017 | -5.22 M | Reduce 52.73% | 4.68 M | $9.96 |
| Q1 2017 | -4.01 M | Reduce 28.86% | 9.9 M | $9.35 |
| Q4 2016 | +2.1 M | Add 17.75% | 13.91 M | $8.70 |
| Q3 2016 | +697,080 | Add 6.27% | 11.81 M | $9.47 |
| Q2 2016 | +1.31 M | Add 13.32% | 11.12 M | $10.42 |
| Q1 2016 | +2.15 M | Add 28.14% | 9.81 M | $9.26 |
| Q4 2015 | +7.39 M | Add 2811.41% | 7.66 M | $7.67 |
| Q3 2015 | -87,464 | Reduce 24.96% | 262,932 | $7.29 |
| Q2 2015 | -24,281 | Reduce 6.48% | 350,396 | $17.91 |
| Q1 2015 | -6,108 | Reduce 1.60% | 374,677 | $17.35 |
| Q4 2014 | +244,574 | Add 179.56% | 380,785 | $16.67 |
| Q3 2014 | -102,401 | Reduce 42.92% | 136,211 | $16.10 |
| Q2 2014 | -64,375 | Reduce 21.25% | 238,612 | $15.46 |
| Q1 2014 | +98,837 | Add 48.41% | 302,987 | $13.96 |
| Q4 2013 | -105,108 | Reduce 33.99% | 204,150 | $12.92 |
| Q3 2013 | +100,148 | Add 47.89% | 309,258 | $12.14 |
| Q2 2013 | +209,110 | Add 0.00% | 209,110 | $11.25 |
| Q4 2012 | +105,590 | Add 0.00% | 105,590 | $9.78 |
Cliff Asness's NiSource Investment FAQs
Cliff Asness first purchased NiSource Inc. (NI) in Q4 2012, acquiring 105,590 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held NiSource Inc. (NI) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to NiSource Inc. (NI) was in Q4 2015, adding 7,655,019 shares worth $58.68 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,339,845 shares of NiSource Inc. (NI), valued at approximately $55.95 M.
As of the Q4 2025 filing, NiSource Inc. (NI) represents approximately 0.03% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in NiSource Inc. (NI) was 13,908,748 shares, as reported at the end of Q4 2016.