NextDecade
NEXT
207 hedge funds and large institutions have $855M invested in NextDecade in 2026 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 83 increasing their positions, 41 reducing their positions, and 35 closing their positions.
171% more call options, than puts
Call options by funds: $141M | Put options by funds: $52.1M
102% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 41
77% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 35
50% more capital invested
Capital invested by funds: $572M → $855M (+$283M)
12% more funds holding
Funds holding: 185 → 207 (+22)
1.18% more ownership
Funds ownership: 40.96% → 42.14% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NEOS Investment Management
Westport,
Connecticut
|
+$13.7M |
| 2 |
BlackRock
New York
|
+$9.87M |
| 3 |
Millennium Management
New York
|
+$9.48M |
| 4 |
Citigroup
New York
|
+$4.58M |
| 5 |
REAM
Ripple Effect Asset Management
New York
|
+$4.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$11M |
| 2 |
Jane Street
New York
|
-$7.9M |
| 3 |
YCM
Yaupon Capital Management
New York
|
-$7.02M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.96M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.98M |
NEXT Hedge Fund Activity: Q1 2026 in Review
207 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2026, worth a combined $855M — up 50% from $572M a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new NEXT positions and 35 closed out — a net gain of 27 holders — while 83 added to existing stakes and 41 trimmed.
The largest buyer was NEOS Investment Management, adding an estimated $13.7M. The largest seller was Wolf Hill Capital Management, cutting an estimated $11M.
- 207 institutional investors held NextDecade (NEXT) as of Q1 2026, up from 185 in Q4 2025.
- Funds reported $855M of NextDecade stock for Q1 2026, up 50% quarter-over-quarter.
- 62 funds opened new NextDecade positions in Q1 2026 and 35 closed out, a net change of +27 holders.
- The largest NextDecade buyer in Q1 2026 was NEOS Investment Management, an estimated $13.7M added.
- The largest NextDecade seller in Q1 2026 was Wolf Hill Capital Management, an estimated $11M sold.
Based on aggregated 13F filings for Q1 2026.