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NextDecade
NEXT

17 hedge funds and large institutions have $94.4M invested in NextDecade in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

62.91% more ownership

Funds ownership: 0% → 62.91% (+63%)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

16% more capital invested

Capital invested by funds: $81.5M → $94.4M (+$12.9M)

6% more funds holding

Funds holding: 16 → 17 (+1)

67% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 3

Holders
17
Holders Change
+1
Holders Change %
+6.25%
% of All Funds
0.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
1
Reduced
3
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TD Asset Management
TD Asset Management
Ontario, Canada
+$9.3M
2
BCM
Basso Capital Management
Connecticut
+$2.79M
3
CI
Cowen Inc
New York
+$574K

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$2.66M
2
KIM
Karpus Investment Management
New York
-$646K
3
GCL
Glazer Capital LLC
New York
-$56.4K
4
UBS Group
UBS Group
Switzerland
-$3.54K
5
TRCT
Tower Research Capital (TRC)
New York
-$3K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$18.7M -$646K -63,780 -3%
PAMP
2
Polar Asset Management Partners
Ontario, Canada
$12.9M – – –
FTCM
3
Fir Tree Capital Management
New York
$12M – – –
Hudson Bay Capital Management
4
Hudson Bay Capital Management
Connecticut
$10.1M – – –
TD Asset Management
5
TD Asset Management
Ontario, Canada
$9.35M +$9.3M +918,200 New
KPF
6
K2 Principal Fund
Ontario, Canada
$9.11M – – –
WRBC
7
W.R. Berkley Corp
Connecticut
$7.01M – – –
GCL
8
Glazer Capital LLC
New York
$4.16M -$56.4K -5,567 -1%
BCM
9
Basso Capital Management
Connecticut
$3.7M +$2.79M +275,950 +307%
PC
10
Periscope Capital
Ontario, Canada
$3.09M +$3.07M +303,000 New
BHMP
11
Bardin Hill Management Partners
New York
$2.18M – – –
YCM
12
Yakira Capital Management
Connecticut
$911K – – –
CI
13
Cowen Inc
New York
$574K +$574K +56,700 New
OAM
14
Oxford Asset Management
United Kingdom
$405K – – –
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$168K – – –
UBS Group
16
UBS Group
Switzerland
$3K -$3.54K -350 -58%
CP
17
Covalent Partners
Massachusetts
$2K – – –
WAM
18
Weiss Asset Management
Massachusetts
– -$2.66M -265,000 Closed
TRCT
19
Tower Research Capital (TRC)
New York
– -$3K -300 Closed

NEXT Hedge Fund Activity: Q4 2016 in Review

17 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q4 2016, worth a combined $94.4M — up 16% from $81.5M a quarter earlier.

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

The largest buyer was TD Asset Management, opening a new position worth an estimated $9.3M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.66M sold.

  • 17 institutional investors held NextDecade (NEXT) as of Q4 2016, up from 16 in Q3 2016.
  • Funds reported $94.4M of NextDecade stock for Q4 2016, up 16% quarter-over-quarter.
  • 3 funds opened new NextDecade positions in Q4 2016 and 2 closed out, a net change of +1 holder.
  • The largest NextDecade buyer in Q4 2016 was TD Asset Management, an estimated $9.3M added.
  • The largest NextDecade seller in Q4 2016 was Weiss Asset Management, an estimated $2.66M sold.

Based on aggregated 13F filings for Q4 2016.