Adage Capital Partners’s NextDecade NEXT Stock Holding History

Adage Capital Partners’s Portfolio NEXT Stock Details NEXT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-300,000	Closed	-$2.04M	–	979
2025 Q3	$2.04M	Sell	300,000 -1,250,000	-81%	-$12.1M	﹤0.01%	808
2025 Q2	$13.8M	Buy	1,550,000 +1,300,000	+520%	+$10.1M	0.02%	538
2025 Q1	$1.95M	Buy	+250,000	New	+$2.02M	﹤0.01%	759
2024 Q4	–	Sell	-2,546,953	Closed	-$12M	–	932
2024 Q3	$12M	Sell	2,546,953 -53,047	-2%	-$321K	0.02%	577
2024 Q2	$20.6M	Buy	2,600,000 +2,000,000	+333%	+$13.8M	0.04%	427
2024 Q1	$3.41M	Buy	+600,000	New	+$3M	0.01%	738
2023 Q4	–	Sell	-1,150,000	Closed	-$5.89M	–	908
2023 Q3	$5.89M	Sell	1,150,000 -214,897	-16%	-$1.31M	0.01%	647
2023 Q2	$11.2M	Buy	1,364,897 +1,014,897	+290%	+$6.23M	0.02%	549
2023 Q1	$1.74M	Buy	+350,000	New	+$2.03M	﹤0.01%	775
2022 Q2	–	Sell	-266,745	Closed	-$1.77M	–	1123
2022 Q1	$1.77M	Buy	+266,745	New	+$836K	﹤0.01%	906

Other funds holding NEXT

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

MIC

Mubadala Investment Company Abu Dhabi, United Arab Emirates $20.5B AUM 19.39% 1-Year Est. Return

MIPU

Man Investment Partners (US) New York $84.3M AUM

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

CCA

Catalyst Capital Advisors Huntington, New York $5.37B AUM 18.53% 1-Year Est. Return

WHCM

Wolf Hill Capital Management Greenwich, Connecticut $1.03B AUM 80.44% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

Balyasny Asset Management Chicago, Illinois $77.1B AUM 42.89% 1-Year Est. Return

Adage Capital Partners's NEXT Position: Q4 2025 in Review

Adage Capital Partners sold out of NextDecade (NEXT) in Q4 2025, closing a stake of 300,000 shares — an estimated $2.04M sold.

Adage Capital Partners first reported a position in NEXT in Q1 2022 and held it in 10 quarters. The position peaked at $20.6M in Q2 2024. 185 funds tracked by Wall St. Rank hold NEXT as of Q4 2025.

Adage Capital Partners reported no remaining NextDecade position as of Q4 2025 after selling out during the quarter.
Adage Capital Partners sold 300,000 NextDecade shares in Q4 2025, an estimated $2.04M.
Adage Capital Partners first reported a position in NextDecade in Q1 2022 and held it in 10 quarters.
Adage Capital Partners's NextDecade position peaked at $20.6M in Q2 2024.
185 funds tracked by Wall St. Rank held NextDecade as of Q4 2025.

Based on Adage Capital Partners's 13F filing for Q4 2025, filed 17 Feb 2026.