NextDecade
NEXT
92 hedge funds and large institutions have $570M invested in NextDecade in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 21 reducing their positions, and 15 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 21
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
13% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 15
12% more call options, than puts
Call options by funds: $1.48M | Put options by funds: $1.33M
7.2% more ownership
Funds ownership: 72.75% → 79.95% (+7.2%)
2% more funds holding
Funds holding: 90 → 92 (+2)
1% more capital invested
Capital invested by funds: $562M → $570M (+$8.31M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$19.5M |
| 2 |
PC
PointState Capital
New York
|
+$11.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.5M |
| 4 |
ACG
Aventail Capital Group
New York
|
+$3.83M |
| 5 |
SCM
SIR Capital Management
New York
|
+$2.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$11.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.87M |
| 3 |
CSCSIM
Clear Sky Carbon Solutions Investment Management
Bellaire,
Texas
|
-$1.75M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.32M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TDC
101
Thompson Davis & Co
Richmond,
Virginia
| – | -$83K | -13,750 | Closed |
|
102
Walleye Capital
New York
| – | -$78K | -12,981 | Closed |
|
|
AIM
103
Aigen Investment Management
New York
| – | -$74K | -12,286 | Closed |
|
104
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$63K | -10,525 | Closed |
|
105
US Bancorp
Minneapolis,
Minnesota
| – | -$7K | -1,202 | Closed |
|
106
Nisa Investment Advisors
St. Louis,
Missouri
| – | +$144 | +25 | New |
|
NEXT Hedge Fund Activity: Q4 2022 in Review
92 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q4 2022, worth a combined $570M — up 1.5% from $562M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NEXT positions and 15 closed out — a net gain of 2 holders — while 39 added to existing stakes and 21 trimmed.
The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $19.5M. The largest seller was Alyeska Investment Group, cutting an estimated $11.4M.
- 92 institutional investors held NextDecade (NEXT) as of Q4 2022, up from 90 in Q3 2022.
- Funds reported $570M of NextDecade stock for Q4 2022, up 1.5% quarter-over-quarter.
- 17 funds opened new NextDecade positions in Q4 2022 and 15 closed out, a net change of +2 holders.
- The largest NextDecade buyer in Q4 2022 was Tortoise Capital Advisors, an estimated $19.5M added.
- The largest NextDecade seller in Q4 2022 was Alyeska Investment Group, an estimated $11.4M sold.
Based on aggregated 13F filings for Q4 2022.