NextDecade
NEXT
24 hedge funds and large institutions have $644M invested in NextDecade in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 17 closing their positions.
475% more capital invested
Capital invested by funds: $112M → $644M (+$532M)
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
9% more funds holding
Funds holding: 22 → 24 (+2)
8.87% more ownership
Funds ownership: 75.47% → 84.34% (+8.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCMGA
York Capital Management Global Advisors
New York
|
+$520M |
| 2 |
VM
Valinor Management
New York
|
+$191M |
| 3 |
BHMP
Bardin Hill Management Partners
New York
|
+$90.3M |
| 4 |
GE
General Electric
Evendale,
Ohio
|
+$31.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$14.5M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.3M |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
-$9.12M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$8.04M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.27M |
NEXT Hedge Fund Activity: Q3 2017 in Review
24 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2017, worth a combined $644M — up 475% from $112M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NEXT positions and 17 closed out — a net gain of 2 holders — while 4 added to existing stakes and 1 trimmed.
The largest buyer was York Capital Management Global Advisors, opening a new position worth an estimated $520M. The largest seller was K2 Principal Fund, exiting entirely with an estimated $14.5M sold.
- 24 institutional investors held NextDecade (NEXT) as of Q3 2017, up from 22 in Q2 2017.
- Funds reported $644M of NextDecade stock for Q3 2017, up 475% quarter-over-quarter.
- 19 funds opened new NextDecade positions in Q3 2017 and 17 closed out, a net change of +2 holders.
- The largest NextDecade buyer in Q3 2017 was York Capital Management Global Advisors, an estimated $520M added.
- The largest NextDecade seller in Q3 2017 was K2 Principal Fund, an estimated $14.5M sold.
Based on aggregated 13F filings for Q3 2017.