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NextDecade
NEXT

16 hedge funds and large institutions have $76.5M invested in NextDecade in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

18% more capital invested

Capital invested by funds: $64.9M → $76.5M (+$11.6M)

7% more funds holding

Funds holding: 15 → 16 (+1)

0% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 2

Holders
16
Holders Change
+1
Holders Change %
+6.67%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
2
Reduced
2
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$15.3M
2
GCL
Glazer Capital LLC
New York
+$7.2M
3
WRBC
W.R. Berkley Corp
Connecticut
+$3.81M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$1.97M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$164K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$14.9M
2
BI
Bulldog Investors
New Jersey
-$1.96M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$316K
4
TRCT
Tower Research Capital (TRC)
New York
-$889
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$15.4M +$15.3M +1,551,668 New
PAMP
2
Polar Asset Management Partners
Ontario, Canada
$12.6M -$316K -32,000 -2%
FTCM
3
Fir Tree Capital Management
New York
$11.7M – – –
KPF
4
K2 Principal Fund
Ontario, Canada
$8.91M – – –
GCL
5
Glazer Capital LLC
New York
$7.22M +$7.2M +729,500 New
Hudson Bay Capital Management
6
Hudson Bay Capital Management
Connecticut
$6.93M +$1.97M +200,000 +40%
WRBC
7
W.R. Berkley Corp
Connecticut
$6.86M +$3.81M +386,200 +126%
WAM
8
Weiss Asset Management
Massachusetts
$2.62M – – –
BHMP
9
Bardin Hill Management Partners
New York
$2.13M – – –
YCM
10
Yakira Capital Management
Connecticut
$891K – – –
BCM
11
Basso Capital Management
Connecticut
$693K – – –
OAM
12
Oxford Asset Management
United Kingdom
$396K – – –
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$164K +$164K +16,575 New
TRCT
14
Tower Research Capital (TRC)
New York
$5K -$889 -90 -15%
BA
15
BlackRock Advisors
Delaware
$2K – – –
CP
16
Covalent Partners
Massachusetts
$2K – – –
AA
17
AQR Arbitrage
Connecticut
– -$14.9M -1,531,880 Closed
BI
18
Bulldog Investors
New Jersey
– -$1.96M -200,000 Closed

NEXT Hedge Fund Activity: Q1 2016 in Review

16 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2016, worth a combined $76.5M — up 18% from $64.9M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new NEXT positions and 2 closed out — a net gain of 1 holder — while 2 added to existing stakes and 2 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $15.3M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $14.9M sold.

  • 16 institutional investors held NextDecade (NEXT) as of Q1 2016, up from 15 in Q4 2015.
  • Funds reported $76.5M of NextDecade stock for Q1 2016, up 18% quarter-over-quarter.
  • 3 funds opened new NextDecade positions in Q1 2016 and 2 closed out, a net change of +1 holder.
  • The largest NextDecade buyer in Q1 2016 was Karpus Investment Management, an estimated $15.3M added.
  • The largest NextDecade seller in Q1 2016 was AQR Arbitrage, an estimated $14.9M sold.

Based on aggregated 13F filings for Q1 2016.