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NextDecade
NEXT

139 hedge funds and large institutions have $1.3B invested in NextDecade in 2024 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 58 increasing their positions, 28 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more call options, than puts

Call options by funds: $24.8M | Put options by funds: $8.87M

140% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 15

107% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 28

34% more capital invested

Capital invested by funds: $974M → $1.3B (+$330M)

17% more funds holding

Funds holding: 119 → 139 (+20)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

3.15% less ownership

Funds ownership: 66.83% → 63.68% (-3.1%)

Holders
139
Holders Change
+20
Holders Change %
+16.81%
% of All Funds
2.01%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
36
Increased
58
Reduced
28
Closed
15
Calls
$24.8M
Puts
$8.87M
Net Calls
+$16M
Net Calls Change
+$11.9M

Top Buyers

1
ECA
Encompass Capital Advisors
New York
+$20.2M
2
BlackRock
BlackRock
New York
+$15.5M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$13.8M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$8.68M
5
Citadel Advisors
Citadel Advisors
Florida
+$8.37M

Top Sellers

1
YCMGA
York Capital Management Global Advisors
New York
-$137M
2
YCM
Yaupon Capital Management
New York
-$10.3M
3
SCM
SIR Capital Management
New York
-$9.16M
4
LM
Lasry Marc
-$8M
5
Bank of America
Bank of America
North Carolina
-$3.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
FRM
76
Fox Run Management
Connecticut
$329K +$285K +41,423 New
D.E. Shaw & Co
77
D.E. Shaw & Co
New York
$326K +$282K +41,007 New
Wells Fargo
78
Wells Fargo
California
$316K +$93.8K +13,624 +52%
TSS
79
Two Sigma Securities
New York
$313K +$272K +39,445 New
VOYA Investment Management
80
VOYA Investment Management
Georgia
$311K +$90.5K +13,134 +51%
AGM
81
Alpine Global Management
New York
$300K +$260K +37,749 New
T. Rowe Price Associates
82
T. Rowe Price Associates
Maryland
$293K +$98.4K +14,281 +63%
BNP Paribas Financial Markets
83
BNP Paribas Financial Markets
France
$272K -$161K -23,433 -41%
Walleye Capital
84
Walleye Capital
New York
$264K +$229K +33,206 New
VanEck Associates
85
VanEck Associates
New York
$250K -$92.1K -13,368 -30%
First Manhattan
86
First Manhattan
New York
$235K +$204K +29,550 New
HighTower Advisors
87
HighTower Advisors
Illinois
$212K +$183K +26,629 New
GCP
88
GSA Capital Partners
United Kingdom
$211K +$183K +26,556 New
US Bancorp
89
US Bancorp
Minnesota
$194K +$168K +24,440 New
RJFSA
90
Raymond James Financial Services Advisors
Florida
$194K +$22K +3,200 +15%
Wolverine Trading
91
Wolverine Trading
Illinois
$191K +$166K +24,065 New
Janus Henderson Group
92
Janus Henderson Group
United Kingdom
$183K -$5.81K -843 -4%
Victory Capital Management
93
Victory Capital Management
Texas
$174K +$5.45K +791 +4%
ASRS
94
Arizona State Retirement System
Arizona
$171K -$21.2K -3,084 -12%
BCM
95
Bayesian Capital Management
New York
$166K +$144K +20,844 New
State Board of Administration of Florida Retirement System
96
State Board of Administration of Florida Retirement System
Florida
$161K +$140K +20,290 New
American Century Companies
97
American Century Companies
Missouri
$157K +$136K +19,750 New
MFS
98
Mirabella Financial Services
United Kingdom
$148K +$129K +18,668 New
FL
99
FreeGulliver LLC
Louisiana
$147K +$127K +18,464 New
Pictet Asset Management
100
Pictet Asset Management
Switzerland
$146K +$30.1K +4,370 +31%
2 3
4
5 6

NEXT Hedge Fund Activity: Q2 2024 in Review

139 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q2 2024, worth a combined $1.3B — up 34% from $974M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new NEXT positions and 15 closed out — a net gain of 21 holders — while 58 added to existing stakes and 28 trimmed.

The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $20.2M. The largest seller was York Capital Management Global Advisors, cutting an estimated $137M.

  • 139 institutional investors held NextDecade (NEXT) as of Q2 2024, up from 119 in Q1 2024.
  • Funds reported $1.3B of NextDecade stock for Q2 2024, up 34% quarter-over-quarter.
  • 36 funds opened new NextDecade positions in Q2 2024 and 15 closed out, a net change of +21 holders.
  • The largest NextDecade buyer in Q2 2024 was Encompass Capital Advisors, an estimated $20.2M added.
  • The largest NextDecade seller in Q2 2024 was York Capital Management Global Advisors, an estimated $137M sold.

Based on aggregated 13F filings for Q2 2024.