NextDecade
NEXT
194 hedge funds and large institutions have $793M invested in NextDecade in 2025 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 60 increasing their positions, 66 reducing their positions, and 24 closing their positions.
104% more call options, than puts
Call options by funds: $30.5M | Put options by funds: $15M
71% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 24
8% more funds holding
Funds holding: 179 → 194 (+15)
9% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 66
4.68% less ownership
Funds ownership: 49.25% → 44.57% (-4.7%)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
31% less capital invested
Capital invested by funds: $1.14B → $793M (-$352M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Voloridge Investment Management
Jupiter,
Florida
|
+$9.46M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$7.03M |
| 3 |
Goldman Sachs
New York
|
+$6.53M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$6.39M |
| 5 |
Squarepoint
New York
|
+$6.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VM
Valinor Management
New York
|
-$35.9M |
| 2 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$27.6M |
| 3 |
SCM
SIR Capital Management
New York
|
-$14.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$14.1M |
| 5 |
BCM
Brightline Capital Management
Miami,
Florida
|
-$12.9M |
NEXT Hedge Fund Activity: Q3 2025 in Review
194 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2025, worth a combined $793M — down 31% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new NEXT positions and 24 closed out — a net gain of 17 holders — while 60 added to existing stakes and 66 trimmed.
The largest buyer was Voloridge Investment Management, opening a new position worth an estimated $9.46M. The largest seller was Valinor Management, cutting an estimated $35.9M.
- 194 institutional investors held NextDecade (NEXT) as of Q3 2025, up from 179 in Q2 2025.
- Funds reported $793M of NextDecade stock for Q3 2025, down 31% quarter-over-quarter.
- 41 funds opened new NextDecade positions in Q3 2025 and 24 closed out, a net change of +17 holders.
- The largest NextDecade buyer in Q3 2025 was Voloridge Investment Management, an estimated $9.46M added.
- The largest NextDecade seller in Q3 2025 was Valinor Management, an estimated $35.9M sold.
Based on aggregated 13F filings for Q3 2025.