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NextDecade
NEXT

117 hedge funds and large institutions have $725M invested in NextDecade in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 16

38% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 32

31% more call options, than puts

Call options by funds: $5.73M | Put options by funds: $4.36M

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

8% more funds holding

Funds holding: 108 → 117 (+9)

19.25% less ownership

Funds ownership: 77.88% → 58.63% (-19%)

25% less capital invested

Capital invested by funds: $963M → $725M (-$238M)

Holders
117
Holders Change
+9
Holders Change %
+8.33%
% of All Funds
1.86%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
25
Increased
44
Reduced
32
Closed
16
Calls
$5.73M
Puts
$4.36M
Net Calls
+$1.36M
Net Calls Change
-$8.68M

Top Buyers

1
BlackRock
BlackRock
New York
+$64.1M
2
LM
Lasry Marc
+$43.7M
3
Morgan Stanley
Morgan Stanley
New York
+$19.5M
4
VM
Valinor Management
New York
+$17.6M
5
YCM
Yaupon Capital Management
New York
+$15.9M

Top Sellers

1
YCMGA
York Capital Management Global Advisors
New York
-$54.7M
2
Millennium Management
Millennium Management
New York
-$9.4M
3
Walleye Capital
Walleye Capital
New York
-$6.36M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$4.91M
5
RC
Riposte Capital
New York
-$3.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
76
Victory Capital Management
Texas
$106K +$41.2K +6,777 +49%
RJFSA
77
Raymond James Financial Services Advisors
Florida
$104K – – –
PI
78
PEAK6 Investments
Illinois
$103K -$1.64M -270,161 -93%
WMSA
79
Weiss Multi-Strategy Advisers
New York
$97K -$190K -31,312 -62%
WHG
80
Westwood Holdings Group
Texas
$89K +$106K +17,353 New
MIM
81
MetLife Investment Management
New Jersey
$87.6K – – –
ASRS
82
Arizona State Retirement System
Arizona
$87.5K -$11.8K -1,933 -10%
QT
83
Quantamental Technologies
New York
$87.5K -$53.6K -8,804 -34%
Invesco
84
Invesco
Georgia
$83.3K -$761K -125,051 -88%
TRCT
85
Tower Research Capital (TRC)
New York
$80.3K -$3.15K -518 -3%
Deutsche Bank
86
Deutsche Bank
Germany
$80K – – –
CC
87
Centiva Capital
New York
$80K +$95K +15,620 New
AIG
88
American International Group
New York
$78.3K +$3.31K +544 +4%
AQR Capital Management
89
AQR Capital Management
Connecticut
$76K -$112K -18,333 -55%
Verition Fund Management
90
Verition Fund Management
Connecticut
$72K +$85.5K +14,058 New
CAN
91
Cetera Advisor Networks
California
$66K +$78.5K +12,900 New
Mirae Asset Global Investments
92
Mirae Asset Global Investments
South Korea
$65.3K – – –
VOYA Investment Management
93
VOYA Investment Management
Georgia
$65.1K – – –
Zurich Cantonal Bank
94
Zurich Cantonal Bank
Switzerland
$63.8K – – –
SSA
95
Schonfeld Strategic Advisors
New York
$60.4K -$23.7K -3,900 -25%
CAPTRUST Financial Advisors
96
CAPTRUST Financial Advisors
North Carolina
$55.4K -$176 -29 -0.3%
Wells Fargo
97
Wells Fargo
California
$47.1K -$35.3K -5,801 -39%
BFP
98
Briaud Financial Planning
Texas
$36K +$43.9K +7,224 New
BNP Paribas Financial Markets
99
BNP Paribas Financial Markets
France
$26.3K -$20.3K -3,340 -39%
AB
100
Amalgamated Bank
New York
$24K – – –
2 3
4
5 6

NEXT Hedge Fund Activity: Q3 2023 in Review

117 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2023, worth a combined $725M — down 25% from $963M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NEXT positions and 16 closed out — a net gain of 9 holders — while 44 added to existing stakes and 32 trimmed.

The largest buyer was BlackRock, adding an estimated $64.1M. The largest seller was York Capital Management Global Advisors, cutting an estimated $54.7M.

  • 117 institutional investors held NextDecade (NEXT) as of Q3 2023, up from 108 in Q2 2023.
  • Funds reported $725M of NextDecade stock for Q3 2023, down 25% quarter-over-quarter.
  • 25 funds opened new NextDecade positions in Q3 2023 and 16 closed out, a net change of +9 holders.
  • The largest NextDecade buyer in Q3 2023 was BlackRock, an estimated $64.1M added.
  • The largest NextDecade seller in Q3 2023 was York Capital Management Global Advisors, an estimated $54.7M sold.

Based on aggregated 13F filings for Q3 2023.