NextDecade
NEXT
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.
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: 112 → 119 (+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: 9 → 7 (-2)
Top Buyers
| 1 |
Citadel Advisors
Miami,
Florida
|
+$8.09M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$6.95M |
| 3 |
CCM
Cinctive Capital Management
New York
|
+$4.48M |
| 4 |
ACG
Aventail Capital Group
New York
|
+$3.78M |
| 5 |
SCM
SIR Capital Management
New York
|
+$3.53M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$23.7M |
| 2 |
TC
Teilinger Capital
Houston,
Texas
|
-$16.7M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$4.58M |
| 4 |
VM
Valinor Management
New York
|
-$4.15M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$96.8K | -20,290 | Closed |
|
|
BCM
127
Bayesian Capital Management
Brooklyn,
New York
| – | -$88.7K | -18,600 | Closed |
|
128
Squarepoint
New York
| – | -$72.1K | -15,123 | Closed |
|
|
DS
129
DRW Securities
Chicago,
Illinois
| – | -$55.8K | -11,700 | Closed |
|
|
ASN
130
Advisory Services Network
Atlanta,
Georgia
| – | -$1.19K | -250 | Closed |
|
|
C
131
Covestor
London,
United Kingdom
| – | -$5 | -1 | -5% |
|
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.