NextDecade
NEXT
211 hedge funds and large institutions have $820M invested in NextDecade in 2026 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 93 increasing their positions, 48 reducing their positions, and 34 closing their positions.
326% more call options, than puts
Call options by funds: $135M | Put options by funds: $31.7M
94% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 48
24% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 34
2% more funds holding
Funds holding: 207 → 211 (+4)
4% less capital invested
Capital invested by funds: $855M → $820M (-$34.6M)
1.08% less ownership
Funds ownership: 42.14% → 41.06% (-1.1%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$11.6M |
| 2 |
JP Morgan Chase
New York
|
+$9.36M |
| 3 |
YCM
Yaupon Capital Management
New York
|
+$7.94M |
| 4 |
BlackRock
New York
|
+$6.78M |
| 5 |
HF
HRT Financial
New York
|
+$6.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$13.9M |
| 2 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$11M |
| 3 |
REAM
Ripple Effect Asset Management
New York
|
-$10.3M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$8.52M |
| 5 |
Goldman Sachs
New York
|
-$6.73M |
NEXT Hedge Fund Activity: Q2 2026 in Review
211 of the 8,316 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q2 2026, worth a combined $820M — down 4% from $855M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new NEXT positions and 34 closed out — a net gain of 8 holders — while 93 added to existing stakes and 48 trimmed.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $11.6M. The largest seller was Citigroup, cutting an estimated $13.9M.
- 211 institutional investors held NextDecade (NEXT) as of Q2 2026, up from 207 in Q1 2026.
- Funds reported $820M of NextDecade stock for Q2 2026, down 4% quarter-over-quarter.
- 42 funds opened new NextDecade positions in Q2 2026 and 34 closed out, a net change of +8 holders.
- The largest NextDecade buyer in Q2 2026 was Kestra Advisory Services, an estimated $11.6M added.
- The largest NextDecade seller in Q2 2026 was Citigroup, an estimated $13.9M sold.
Based on aggregated 13F filings for Q2 2026.