NiSource Inc.
US ˙ NYSE ˙ US65473P1057

SecurityNI / NiSource Inc.
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership10,687 shares
Latest Disclosed Value $ 498,655
Level Four Advisory Services, Llc reports 31.84% decrease in ownership of NI / NiSource Inc.

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 10,687 shares of NiSource Inc. (US:NI) valued at $498,655 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 15,679 shares of NiSource Inc.. This represents a change in shares of -31.84% during the quarter. The current value of the position is $486,579 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F NISOURCE COM 65473P105 10,687 -4,992 -31.84 499 -23.85 0.0164
2026-02-13 2025-12-31 13F NISOURCE COM 65473P105 15,679 -2,960 -15.88 655 -18.96 0.0214
2025-11-12 2025-09-30 13F NISOURCE COM 65473P105 18,639 472 2.60 807 10.25 0.0276
2025-08-13 2025-06-30 13F NISOURCE COM 65473P105 18,167 -86 -0.47 733 0.14 0.0270
2025-05-14 2025-03-31 13F NISOURCE COM 65473P105 18,253 71 0.39 732 9.43 0.0301
2025-02-12 2024-12-31 13F NISOURCE COM 65473P105 18,182 170 0.94 668 5.53 0.0273
2024-11-14 2024-09-30 13F NISOURCE COM 65473P105 18,012 80 0.45 633 22.67 0.0267
2024-08-09 2024-06-30 13F NISOURCE COM 65473P105 17,932 -834 -4.44 517 3.61 0.0233
2024-05-13 2024-03-31 13F NISOURCE COM 65473P105 18,766 0 0.00 498 0.00 0.0274
2024-02-08 2023-12-31 13F NISOURCE COM 65473P105 18,766 103 0.55 498 8.26 0.0280
2023-11-13 2023-09-30 13F NISOURCE COM 65473P105 18,663 86 0.46 461 -9.45 0.0297
2023-07-10 2023-06-30 13F NISOURCE COM 65473P105 18,577 -18 -0.10 508 -2.12 0.0305
2023-06-05 2023-03-31 13F NISOURCE COM 65473P105 18,595 0 0.00 520 1.96 0.0341
2023-02-13 2022-12-31 13F NISOURCE COM 65473P105 18,595 0 0.00 510 8.76 0.0378
2022-11-07 2022-09-30 13F NISOURCE COM 65473P105 18,595 214 1.16 468 -13.65 0.0455
2022-08-08 2022-06-30 13F NISOURCE COM 65473P105 18,381 0 0.00 542 -7.35 0.0511
2022-05-10 2022-03-31 13F NISOURCE COM 65473P105 18,381 2,296 14.27 585 31.76 0.0458
2022-02-11 2021-12-31 13F NISOURCE COM 65473P105 16,085 85 0.53 444 14.43 0.0339
2021-10-12 2021-09-30 13F NISOURCE COM 65473P105 16,000 0 0.00 388 -1.02 0.0404
2021-08-09 2021-06-30 13F NISOURCE COM 65473P105 16,000 0 0.00 392 1.55 0.0271
2021-05-10 2021-03-31 13F NISOURCE COM 65473P105 16,000 0 0.00 386 5.18 0.0300
2021-02-10 2020-12-31 13F NISOURCE COM 65473P105 16,000 0 0.00 367 4.26 0.0295
2020-11-02 2020-09-30 13F NISOURCE COM 65473P105 16,000 -161 -1.00 352 -4.09 0.0271
2020-08-17 2020-06-30 13F/A-1 NISOURCE COM 65473P105 16,161 0 0.00 367 -9.16 0.0284
2020-05-13 2020-03-31 13F NISOURCE COM 65473P105 16,161 11 0.07 404 -10.42 0.0485
2020-02-13 2019-12-31 13F NISOURCE COM 65473P105 16,150 150 0.94 451 -5.85 0.0179
2019-11-12 2019-09-30 13F NISOURCE COM 65473P105 16,000 -470 -2.85 479 1.05 0.0496
2019-08-14 2019-06-30 13F NISOURCE COM 65473P105 16,470 0 0.00 474 0.42 0.0478
2019-05-15 2019-03-31 13F NISOURCE COM 65473P105 16,470 -12,248 -42.65 472 -35.16 0.0520
2019-02-07 2018-12-31 13F NISOURCE COM 65473P105 28,718 -6,057 -17.42 728 -16.03 0.0908
2018-11-14 2018-09-30 13F NISOURCE COM 65473P105 34,775 -312 -0.89 867 -5.97 0.0937
2018-08-14 2018-06-30 13F NISOURCE COM 65473P105 35,087 18,328 109.36 922 129.93 0.0672
2018-05-14 2018-03-31 13F NISOURCE COM 65473P105 16,759 470 2.89 401 -4.07 0.0311
2018-02-13 2017-12-31 13F NISOURCE COM 65473P105 16,289 3 0.02 418 0.24 0.0325
2018-04-03 2017-09-30 13F/A-1 NISOURCE COM 65473P105 16,286 43 0.26 417 8.03 0.0370
2017-11-15 2017-09-30 13F NISOURCE COM 65473P105 16,286 43 422
2017-09-20 2017-06-30 13F/A-1 NISOURCE COM 65473P105 16,243 -56 -0.34 386 -0.52 0.0594
2017-07-12 2017-06-30 13F NISOURCE COM 65473P105 16,243 386
2017-09-20 2017-03-31 13F/A-1 NISOURCE COM 65473P105 16,299 76 0.47 388 8.08 0.0395
2017-05-15 2017-03-31 13F NISOURCE COM 65473P105 16,299 76 388
2017-02-14 2016-12-31 13F NISOURCE COM 65473P105 16,223 16,223 359 0.0458
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.