NextDecade
NEXT
22 hedge funds and large institutions have $112M invested in NextDecade in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 0 increasing their positions, 7 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
57% more funds holding
Funds holding: 14 → 22 (+8)
3.87% more ownership
Funds ownership: 71.59% → 75.47% (+3.9%)
3% more capital invested
Capital invested by funds: $108M → $112M (+$3.46M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$13.2M |
| 2 |
GCM
Greywolf Capital Management
Purchase,
New York
|
+$6M |
| 3 |
SM
Scoggin Management
New York
|
+$5.64M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$5.13M |
| 5 |
GPCM
Granite Point Capital Management
Boston,
Massachusetts
|
+$3.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$14.7M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.46M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$4.04M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$2.05M |
| 5 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$1.64M |
NEXT Hedge Fund Activity: Q2 2017 in Review
22 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q2 2017, worth a combined $112M — up 3.2% from $108M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NEXT positions and 2 closed out — a net gain of 8 holders — while 0 added to existing stakes and 7 trimmed.
The largest buyer was Highland Capital Management (Texas), opening a new position worth an estimated $13.2M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $14.7M sold.
- 22 institutional investors held NextDecade (NEXT) as of Q2 2017, up from 14 in Q1 2017.
- Funds reported $112M of NextDecade stock for Q2 2017, up 3.2% quarter-over-quarter.
- 10 funds opened new NextDecade positions in Q2 2017 and 2 closed out, a net change of +8 holders.
- The largest NextDecade buyer in Q2 2017 was Highland Capital Management (Texas), an estimated $13.2M added.
- The largest NextDecade seller in Q2 2017 was Glazer Capital LLC, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2017.