NextDecade
NEXT
184 hedge funds and large institutions have $995M invested in NextDecade in 2025 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 73 increasing their positions, 46 reducing their positions, and 22 closing their positions.
95% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 22
63% more call options, than puts
Call options by funds: $41.3M | Put options by funds: $25.3M
59% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 46
12% more funds holding
Funds holding: 164 → 184 (+20)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
0% less capital invested
Capital invested by funds: $997M → $995M (-$1.56M)
0.55% less ownership
Funds ownership: 49.68% → 49.12% (-0.55%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yaupon Capital Management
New York
|
+$13.1M |
| 2 |
BCM
Brightline Capital Management
Miami,
Florida
|
+$8.06M |
| 3 |
RC
Riposte Capital
New York
|
+$6.85M |
| 4 |
CCA
Catalyst Capital Advisors
Huntington,
New York
|
+$6.83M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$6.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
-$26.2M |
| 2 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$23.5M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$19M |
| 4 |
VM
Valinor Management
New York
|
-$17.6M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$3.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
201
Aquatic Capital Management
Chicago,
Illinois
| – | -$83.6K | -10,838 | Closed |
|
|
BHCM
202
Brevan Howard Capital Management
St. Helier,
Jersey
| – | -$82.3K | -10,675 | Closed |
|
|
MCM
203
Mainstream Capital Management
Los Angeles,
California
| – | -$56.4K | -7,311 | Closed |
|
204
Bessemer Group
Woodbridge,
New Jersey
| – | -$1K | -180 | Closed |
|
|
CC
205
Centiva Capital
New York
| – | -$771 | -100 | Closed |
|
NEXT Hedge Fund Activity: Q1 2025 in Review
184 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2025, worth a combined $995M — down 0.16% from $997M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new NEXT positions and 22 closed out — a net gain of 21 holders — while 73 added to existing stakes and 46 trimmed.
The largest buyer was Yaupon Capital Management, adding an estimated $13.1M. The largest seller was Encompass Capital Advisors, exiting entirely with an estimated $26.2M sold.
- 184 institutional investors held NextDecade (NEXT) as of Q1 2025, up from 164 in Q4 2024.
- Funds reported $995M of NextDecade stock for Q1 2025, down 0.16% quarter-over-quarter.
- 43 funds opened new NextDecade positions in Q1 2025 and 22 closed out, a net change of +21 holders.
- The largest NextDecade buyer in Q1 2025 was Yaupon Capital Management, an estimated $13.1M added.
- The largest NextDecade seller in Q1 2025 was Encompass Capital Advisors, an estimated $26.2M sold.
Based on aggregated 13F filings for Q1 2025.