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NextDecade
NEXT

36 hedge funds and large institutions have $170M invested in NextDecade in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

0.26% less ownership

Funds ownership: 75.25% → 74.99% (-0.26%)

14% less funds holding

Funds holding: 42 → 36 (-6)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

69% less capital invested

Capital invested by funds: $556M → $170M (-$386M)

Holders
36
Holders Change
-6
Holders Change %
-14.29%
% of All Funds
0.79%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
3
Increased
14
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
JG
Jefferies Group
New York
+$214K
2
Northern Trust
Northern Trust
Illinois
+$153K
3
State Street
State Street
Massachusetts
+$140K
4
Millennium Management
Millennium Management
New York
+$113K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$73.4K

Top Sellers

1
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
-$741K
2
Verition Fund Management
Verition Fund Management
Connecticut
-$620K
3
EIM
Essex Investment Management
Massachusetts
-$411K
4
PPA
Parametric Portfolio Associates
Washington
-$200K
5
PCM
Prelude Capital Management
New York
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$17K -$65.8K -16,389 -64%
UBS Group
27
UBS Group
Switzerland
$14K -$32.9K -8,192 -52%
AIG
28
American International Group
New York
$14K -$1.72K -429 -5%
Barclays
29
Barclays
United Kingdom
$8K -$33.9K -8,440 -67%
Deutsche Bank
30
Deutsche Bank
Germany
$8K -$1.01K -252 -6%
BNP Paribas Financial Markets
31
BNP Paribas Financial Markets
France
$7.24K +$8.71K +2,168 +129%
Citigroup
32
Citigroup
New York
$6K +$2.39K +594 +24%
AIC
33
Ameritas Investment Company
Nebraska
$5K +$12.5K +3,100 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$4K +$6.62K +1,647 +303%
Legal & General Group
35
Legal & General Group
United Kingdom
$3K -$4.25K -1,058 -36%
AIP
36
Ameritas Investment Partners
Nebraska
$1K – – –
Verition Fund Management
37
Verition Fund Management
Connecticut
– -$620K -101,000 Closed
EIM
38
Essex Investment Management
Massachusetts
– -$411K -66,867 Closed
PPA
39
Parametric Portfolio Associates
Washington
– -$200K -32,522 Closed
PCM
40
Prelude Capital Management
New York
– -$167K -27,222 Closed
Renaissance Technologies
41
Renaissance Technologies
New York
– -$112K -18,200 Closed
CP
42
Covalent Partners
Massachusetts
– -$111K -18,003 Closed
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
– -$10K -1,671 Closed
APA
44
American Portfolios Advisors
New York
– -$1.23K -200 Closed
1
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NEXT Hedge Fund Activity: Q1 2020 in Review

36 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2020, worth a combined $170M — down 69% from $556M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NEXT and 3 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 14 added.

The largest buyer was Jefferies Group, opening a new position worth an estimated $214K. The largest seller was Teacher Retirement System of Texas, cutting an estimated $741K.

  • 36 institutional investors held NextDecade (NEXT) as of Q1 2020, down from 42 in Q4 2019.
  • Funds reported $170M of NextDecade stock for Q1 2020, down 69% quarter-over-quarter.
  • 3 funds opened new NextDecade positions in Q1 2020 and 9 closed out, a net change of -6 holders.
  • The largest NextDecade buyer in Q1 2020 was Jefferies Group, an estimated $214K added.
  • The largest NextDecade seller in Q1 2020 was Teacher Retirement System of Texas, an estimated $741K sold.

Based on aggregated 13F filings for Q1 2020.