NextDecade
NEXT
29 hedge funds and large institutions have $456M invested in NextDecade in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
7% more funds holding
Funds holding: 27 → 29 (+2)
0.44% less ownership
Funds ownership: 89.02% → 88.58% (-0.44%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
27% less capital invested
Capital invested by funds: $626M → $456M (-$170M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
+$4.39M |
| 2 |
State Street
Boston,
Massachusetts
|
+$753K |
| 3 |
Goldman Sachs
New York
|
+$736K |
| 4 |
Millennium Management
New York
|
+$697K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.57M |
| 2 |
GE
General Electric
Evendale,
Ohio
|
-$1.54M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
-$526K |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$222K |
| 5 |
VM
Valinor Management
New York
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
CIBC Private Wealth Group
Atlanta,
Georgia
| $24K | – | – | – |
|
27
Barclays
London,
United Kingdom
| $7K | +$9.65K | +1,514 | New |
|
|
APA
28
American Portfolios Advisors
Holbrook,
New York
| $988 | – | – | – |
|
29
Neuberger Berman Group
New York
| – | -$110K | -13,178 | Closed |
|
30
Bank of New York Mellon
New York
| – | -$87K | -10,470 | Closed |
|
|
AAMU
31
Amundi Asset Management US
Boston,
Massachusetts
| – | -$36K | -4,286 | Closed |
|
|
FMA
32
FNY Managed Accounts
New York
| – | -$4K | -500 | Closed |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$70 | +11 | New |
|
NEXT Hedge Fund Activity: Q1 2018 in Review
29 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2018, worth a combined $456M — down 27% from $626M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NEXT positions and 4 closed out — a net gain of 3 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Perella Weinberg Partners Capital Management, opening a new position worth an estimated $4.39M. The largest seller was Vanguard Group, cutting an estimated $4.57M.
- 29 institutional investors held NextDecade (NEXT) as of Q1 2018, up from 27 in Q4 2017.
- Funds reported $456M of NextDecade stock for Q1 2018, down 27% quarter-over-quarter.
- 7 funds opened new NextDecade positions in Q1 2018 and 4 closed out, a net change of +3 holders.
- The largest NextDecade buyer in Q1 2018 was Perella Weinberg Partners Capital Management, an estimated $4.39M added.
- The largest NextDecade seller in Q1 2018 was Vanguard Group, an estimated $4.57M sold.
Based on aggregated 13F filings for Q1 2018.