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NextDecade
NEXT

24 hedge funds and large institutions have $644M invested in NextDecade in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

475% more capital invested

Capital invested by funds: $112M → $644M (+$532M)

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

300% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 1

12% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 17

9% more funds holding

Funds holding: 22 → 24 (+2)

8.87% more ownership

Funds ownership: 75.47% → 84.34% (+8.9%)

Holders
24
Holders Change
+2
Holders Change %
+9.09%
% of All Funds
0.6%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.1%
New
19
Increased
4
Reduced
1
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
YCMGA
York Capital Management Global Advisors
New York
+$520M
2
VM
Valinor Management
New York
+$191M
3
BHMP
Bardin Hill Management Partners
New York
+$90.3M
4
GE
General Electric
Ohio
+$31.4M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$9.78M

Top Sellers

Rank Fund Capital Flow
1
KPF
K2 Principal Fund
Ontario, Canada
-$14.5M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$12.3M
3
FTCM
Fir Tree Capital Management
New York
-$9.12M
4
YCM
Yakira Capital Management
Connecticut
-$8.04M
5
KIM
Karpus Investment Management
New York
-$7.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
YCM
26
Yakira Capital Management
Connecticut
– -$8.04M -778,000 Closed
KIM
27
Karpus Investment Management
New York
– -$7.27M -703,850 Closed
WRBC
28
W.R. Berkley Corp
Connecticut
– -$7.16M -693,072 Closed
Hudson Bay Capital Management
29
Hudson Bay Capital Management
Connecticut
– -$6.24M -606,046 Closed
GCM
30
Greywolf Capital Management
New York
– -$6.04M -585,000 Closed
SM
31
Scoggin Management
New York
– -$5.68M -550,000 Closed
WCMNY
32
Westchester Capital Management (New York)
New York
– -$5.17M -500,000 Closed
PC
33
Periscope Capital
Ontario, Canada
– -$4.68M -453,000 Closed
GPCM
34
Granite Point Capital Management
Massachusetts
– -$3.13M -303,000 Closed
BCM
35
Basso Capital Management
Connecticut
– -$2.44M -235,896 Closed
HIM
36
HGC Investment Management
Ontario, Canada
– -$2.33M -225,919 Closed
LIM
37
Longfellow Investment Management
Massachusetts
– -$427K -36,978 Closed
CL
38
CSS LLC
Illinois
– -$137K -13,241 Closed
QAM
39
QCI Asset Management
New York
– -$12K -1,175 Closed
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
– +$186 +19 New
1
2

NEXT Hedge Fund Activity: Q3 2017 in Review

24 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2017, worth a combined $644M — up 475% from $112M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NEXT positions and 17 closed out — a net gain of 2 holders — while 4 added to existing stakes and 1 trimmed.

The largest buyer was York Capital Management Global Advisors, opening a new position worth an estimated $520M. The largest seller was K2 Principal Fund, exiting entirely with an estimated $14.5M sold.

  • 24 institutional investors held NextDecade (NEXT) as of Q3 2017, up from 22 in Q2 2017.
  • Funds reported $644M of NextDecade stock for Q3 2017, up 475% quarter-over-quarter.
  • 19 funds opened new NextDecade positions in Q3 2017 and 17 closed out, a net change of +2 holders.
  • The largest NextDecade buyer in Q3 2017 was York Capital Management Global Advisors, an estimated $520M added.
  • The largest NextDecade seller in Q3 2017 was K2 Principal Fund, an estimated $14.5M sold.

Based on aggregated 13F filings for Q3 2017.