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NextDecade

119 hedge funds and large institutions have $974M invested in NextDecade in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 31 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more call options, than puts

Call options by funds: $9.96M | Put options by funds: $5.86M

68% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 31

54% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 13

18% more capital invested

Capital invested by funds: $828M → $974M (+$146M)

6% more funds holding

Funds holding: 112119 (+7)

0.82% less ownership

Funds ownership: 67.64%66.83% (-0.82%)

22% less funds holding in top 10

Funds holding in top 10: 97 (-2)

Holders
119
Holders Change
+7
Holders Change %
+6.25%
% of All Funds
1.71%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.1%
New
20
Increased
52
Reduced
31
Closed
13
Calls
$9.96M
Puts
$5.86M
Net Calls
+$4.1M
Net Calls Change
-$3.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
51
Legal & General Group
United Kingdom
$523K +$72K +14,423 +19%
New York State Common Retirement Fund
52
New York State Common Retirement Fund
New York
$516K -$103K -20,700 -19%
Two Sigma Investments
53
Two Sigma Investments
New York
$503K -$91.8K -18,380 -17%
California State Teachers Retirement System (CalSTRS)
54
California State Teachers Retirement System (CalSTRS)
California
$503K +$2.31K +463 +0.5%
Jane Street
55
Jane Street
New York
$502K -$251K -50,308 -36%
State of Wisconsin Investment Board
56
State of Wisconsin Investment Board
Wisconsin
$487K -$265K -53,153 -38%
UBS AM
57
UBS AM
Illinois
$419K
Verition Fund Management
58
Verition Fund Management
Connecticut
$404K +$355K +71,100 New
AllianceBernstein
59
AllianceBernstein
Tennessee
$395K -$112K -22,460 -24%
BM
60
Bridger Management
New York
$385K
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$343K +$24K +4,804 +9%
BNP Paribas Financial Markets
62
BNP Paribas Financial Markets
France
$328K +$179K +35,906 +165%
ECM
63
ExodusPoint Capital Management
New York
$326K -$180K -36,025 -39%
LPL Financial
64
LPL Financial
California
$323K +$28.5K +5,700 +11%
Royal Bank of Canada
65
Royal Bank of Canada
Ontario, Canada
$290K +$40.4K +8,096 +19%
VanEck Associates
66
VanEck Associates
New York
$255K +$72K +14,411 +47%
CAPTRUST Financial Advisors
67
CAPTRUST Financial Advisors
North Carolina
$239K +$157K +31,409 +296%
Commonwealth Equity Services
68
Commonwealth Equity Services
Massachusetts
$235K +$17.3K +3,455 +9%
MIM
69
MetLife Investment Management
New Jersey
$230K -$2.93K -586 -1%
AIG
70
American International Group
New York
$219K -$1.65K -331 -0.9%
TCM
71
Traynor Capital Management
Pennsylvania
$170K
DFCM
72
Dark Forest Capital Management
Puerto Rico
$165K +$145K +28,977 New
Blackstone Inc
73
Blackstone Inc
New York
$162K
Wells Fargo
74
Wells Fargo
California
$148K +$15.9K +3,183 +14%
VOYA Investment Management
75
VOYA Investment Management
Georgia
$148K -$18.4K -3,682 -12%

NEXT Hedge Fund Activity: Q1 2024 in Review

119 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2024, worth a combined $974M — up 18% from $828M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NEXT positions and 13 closed out — a net gain of 7 holders — while 52 added to existing stakes and 31 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $8.09M. The largest seller was Morgan Stanley, cutting an estimated $23.7M.

  • 119 institutional investors held NextDecade (NEXT) as of Q1 2024, up from 112 in Q4 2023.
  • Funds reported $974M of NextDecade stock for Q1 2024, up 18% quarter-over-quarter.
  • 20 funds opened new NextDecade positions in Q1 2024 and 13 closed out, a net change of +7 holders.
  • The largest NextDecade buyer in Q1 2024 was Citadel Advisors, an estimated $8.09M added.
  • The largest NextDecade seller in Q1 2024 was Morgan Stanley, an estimated $23.7M sold.

Based on aggregated 13F filings for Q1 2024.