We are live on ! Find out more
NEXT icon

NextDecade
NEXT

14 hedge funds and large institutions have $108M invested in NextDecade in 2017 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 2

15% more capital invested

Capital invested by funds: $94.4M → $108M (+$14M)

8.69% more ownership

Funds ownership: 62.91% → 71.59% (+8.7%)

18% less funds holding

Funds holding: 17 → 14 (-3)

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
14
Holders Change
-3
Holders Change %
-17.65%
% of All Funds
0.35%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
1
Increased
7
Reduced
2
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
+$10.5M
2
YCM
Yakira Capital Management
Connecticut
+$7.01M
3
KPF
K2 Principal Fund
Ontario, Canada
+$6.11M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
+$2.04M
5
PC
Periscope Capital
Ontario, Canada
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
TD Asset Management
TD Asset Management
Ontario, Canada
-$9.35M
2
KIM
Karpus Investment Management
New York
-$3.27M
3
FTCM
Fir Tree Capital Management
New York
-$1.04M
4
CI
Cowen Inc
New York
-$574K
5
OAM
Oxford Asset Management
United Kingdom
-$405K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$15.6M -$3.27M -321,231 -17%
KPF
2
K2 Principal Fund
Ontario, Canada
$15.3M +$6.11M +600,000 +67%
PAMP
3
Polar Asset Management Partners
Ontario, Canada
$15M +$2.04M +200,000 +16%
GCL
4
Glazer Capital LLC
New York
$14.7M +$10.5M +1,025,659 +250%
FTCM
5
Fir Tree Capital Management
New York
$11.1M -$1.04M -102,288 -9%
Hudson Bay Capital Management
6
Hudson Bay Capital Management
Connecticut
$10.2M – – –
YCM
7
Yakira Capital Management
Connecticut
$7.94M +$7.01M +688,000 +764%
WRBC
8
W.R. Berkley Corp
Connecticut
$7.08M – – –
PC
9
Periscope Capital
Ontario, Canada
$4.64M +$1.53M +150,000 +50%
BCM
10
Basso Capital Management
Connecticut
$4.04M +$306K +30,000 +8%
BHMP
11
Bardin Hill Management Partners
New York
$2.19M – – –
LIM
12
Longfellow Investment Management
Massachusetts
$550K +$549K +53,888 New
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$169K – – –
CP
14
Covalent Partners
Massachusetts
$1K +$22.7K +2,232 +1%
TD Asset Management
15
TD Asset Management
Ontario, Canada
– -$9.35M -918,200 Closed
CI
16
Cowen Inc
New York
– -$574K -56,700 Closed
OAM
17
Oxford Asset Management
United Kingdom
– -$405K -40,000 Closed
UBS Group
18
UBS Group
Switzerland
– -$3K -250 Closed

NEXT Hedge Fund Activity: Q1 2017 in Review

14 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2017, worth a combined $108M — up 15% from $94.4M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of NEXT and 1 opened new positions — a net loss of 3 holders — while 2 trimmed existing stakes and 7 added.

The largest buyer was Glazer Capital LLC, adding an estimated $10.5M. The largest seller was TD Asset Management, exiting entirely with an estimated $9.35M sold.

  • 14 institutional investors held NextDecade (NEXT) as of Q1 2017, down from 17 in Q4 2016.
  • Funds reported $108M of NextDecade stock for Q1 2017, up 15% quarter-over-quarter.
  • 1 fund opened new NextDecade positions in Q1 2017 and 4 closed out, a net change of -3 holders.
  • The largest NextDecade buyer in Q1 2017 was Glazer Capital LLC, an estimated $10.5M added.
  • The largest NextDecade seller in Q1 2017 was TD Asset Management, an estimated $9.35M sold.

Based on aggregated 13F filings for Q1 2017.