NextDecade
NEXT
27 hedge funds and large institutions have $626M invested in NextDecade in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
13% more funds holding
Funds holding: 24 → 27 (+3)
4.69% more ownership
Funds ownership: 84.34% → 89.02% (+4.7%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less capital invested
Capital invested by funds: $644M → $626M (-$17.7M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCMGA
York Capital Management Global Advisors
New York
|
+$43M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.73M |
| 3 |
TAM
TPH Asset Management
Houston,
Texas
|
+$1.71M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$697K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$333K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.91M |
| 2 |
CP
Covalent Partners
Concord,
Massachusetts
|
-$872K |
| 3 |
Goldman Sachs
New York
|
-$748K |
| 4 |
Jane Street
New York
|
-$426K |
| 5 |
VM
Valinor Management
New York
|
-$321K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMA
26
FNY Managed Accounts
New York
| $4K | +$4.72K | +500 | New |
|
|
APA
27
American Portfolios Advisors
Holbrook,
New York
| $1.66K | +$1.89K | +200 | New |
|
|
28
Jane Street
New York
| – | -$426K | -42,189 | Closed |
|
|
TCM
29
TVR Capital Management
Stamford,
Connecticut
| – | -$263K | -26,000 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$116K | -11,495 | Closed |
|
|
SIM
31
Spark Investment Management
New York
| – | -$107K | -10,700 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$17K | -1,686 | Closed |
|
33
UBS Group
Zurich,
Switzerland
| – | -$14K | -1,341 | Closed |
|
34
BNP Paribas Financial Markets
Paris,
France
| – | -$3.71K | -368 | Closed |
|
35
Bank of America
Charlotte,
North Carolina
| – | +$396 | +42 | New |
|
NEXT Hedge Fund Activity: Q4 2017 in Review
27 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q4 2017, worth a combined $626M — down 2.7% from $644M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NEXT positions and 8 closed out — a net gain of 3 holders — while 6 added to existing stakes and 8 trimmed.
The largest buyer was York Capital Management Global Advisors, adding an estimated $43M. The largest seller was Millennium Management, cutting an estimated $1.91M.
- 27 institutional investors held NextDecade (NEXT) as of Q4 2017, up from 24 in Q3 2017.
- Funds reported $626M of NextDecade stock for Q4 2017, down 2.7% quarter-over-quarter.
- 11 funds opened new NextDecade positions in Q4 2017 and 8 closed out, a net change of +3 holders.
- The largest NextDecade buyer in Q4 2017 was York Capital Management Global Advisors, an estimated $43M added.
- The largest NextDecade seller in Q4 2017 was Millennium Management, an estimated $1.91M sold.
Based on aggregated 13F filings for Q4 2017.