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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
NA
126
NewEdge Advisors
Louisiana
$9.53K – – –
FFO
127
Fortitude Family Office
Arizona
$8.1K – – –
SPIA
128
Steward Partners Investment Advisory
New York
$7.89K – – –
GI
129
GAMMA Investing
California
$7.52K +$2.89K +420 +80%
S
130
SignatureFD
Georgia
$5.47K +$2.75K +400 +138%
LC
131
Lindbrook Capital
California
$1.51K +$1.31K +190 New
Nisa Investment Advisors
132
Nisa Investment Advisors
Missouri
$1.48K +$744 +108 +138%
Carson Wealth (CWM LLC)
133
Carson Wealth (CWM LLC)
Nebraska
$1K +$145 +21 +25%
PA
134
Parallel Advisors
California
$929 – – –
RIL
135
Rothschild Investment LLC
Illinois
$596 +$517 +75 New
RAM
136
Riggs Asset Management
Pennsylvania
$548 – – –
AF
137
Allworth Financial
California
$242 +$214 +31 New
FFA
138
Farther Finance Advisors
California
$132 – – –
Susquehanna International Group
139
Susquehanna International Group
Pennsylvania
– -$2.63M -381,644 Closed
SG Americas Securities
140
SG Americas Securities
New York
– -$1.73M -303,817 Closed
Wellington Management Group
141
Wellington Management Group
Massachusetts
– -$1.3M -229,566 Closed
Renaissance Technologies
142
Renaissance Technologies
New York
– -$1.2M -211,700 Closed
Point72 Asset Management
143
Point72 Asset Management
Connecticut
– -$1.04M -183,600 Closed
ECM
144
ExodusPoint Capital Management
New York
– -$326K -57,390 Closed
AIG
145
American International Group
New York
– -$219K -38,495 Closed
TCM
146
Traynor Capital Management
Pennsylvania
– -$170K -30,001 Closed
DFCM
147
Dark Forest Capital Management
Puerto Rico
– -$165K -28,977 Closed
CSS
148
Cubist Systematic Strategies
Connecticut
– -$121K -21,319 Closed
Mirae Asset Global Investments
149
Mirae Asset Global Investments
South Korea
– -$55.1K -12,755 Closed
Cetera Investment Advisers
150
Cetera Investment Advisers
Illinois
– -$60.2K -10,600 Closed
3 4 5
6
7

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.