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NextDecade
NEXT

16 hedge funds and large institutions have $81.5M invested in NextDecade in 2016 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $81M → $81.5M (+$459K)

6% less funds holding

Funds holding: 17 → 16 (-1)

50% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 2

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

Holders
16
Holders Change
-1
Holders Change %
-5.88%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
1
Reduced
2
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$146K

Top Sellers

1
GCL
Glazer Capital LLC
New York
-$143K
2
TRCT
Tower Research Capital (TRC)
New York
-$3.18K
3
Morgan Stanley
Morgan Stanley
New York
-$1K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$19.3M +$146K +14,567 +0.8%
PAMP
2
Polar Asset Management Partners
Ontario, Canada
$12.8M – – –
FTCM
3
Fir Tree Capital Management
New York
$12M – – –
Hudson Bay Capital Management
4
Hudson Bay Capital Management
Connecticut
$10.1M – – –
KPF
5
K2 Principal Fund
Ontario, Canada
$9.04M – – –
WRBC
6
W.R. Berkley Corp
Connecticut
$6.96M – – –
GCL
7
Glazer Capital LLC
New York
$4.19M -$143K -14,214 -3%
WAM
8
Weiss Asset Management
Massachusetts
$2.66M – – –
BHMP
9
Bardin Hill Management Partners
New York
$2.16M – – –
YCM
10
Yakira Capital Management
Connecticut
$905K – – –
BCM
11
Basso Capital Management
Connecticut
$904K – – –
OAM
12
Oxford Asset Management
United Kingdom
$402K – – –
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$167K – – –
UBS Group
14
UBS Group
Switzerland
$6K – – –
TRCT
15
Tower Research Capital (TRC)
New York
$3K -$3.18K -317 -51%
CP
16
Covalent Partners
Massachusetts
$2K – – –
Morgan Stanley
17
Morgan Stanley
New York
– -$1K -101 Closed

NEXT Hedge Fund Activity: Q3 2016 in Review

16 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2016, worth a combined $81.5M — up 0.57% from $81M a quarter earlier.

Sellers outnumbered buyers: 1 fund closed out of NEXT and 0 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 1 added.

The largest buyer was Karpus Investment Management, adding an estimated $146K. The largest seller was Glazer Capital LLC, cutting an estimated $143K.

  • 16 institutional investors held NextDecade (NEXT) as of Q3 2016, down from 17 in Q2 2016.
  • Funds reported $81.5M of NextDecade stock for Q3 2016, up 0.57% quarter-over-quarter.
  • 0 funds opened new NextDecade positions in Q3 2016 and 1 closed out, a net change of -1 holder.
  • The largest NextDecade buyer in Q3 2016 was Karpus Investment Management, an estimated $146K added.
  • The largest NextDecade seller in Q3 2016 was Glazer Capital LLC, an estimated $143K sold.

Based on aggregated 13F filings for Q3 2016.