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NextDecade
NEXT

27 hedge funds and large institutions have $626M invested in NextDecade in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

13% more funds holding

Funds holding: 24 → 27 (+3)

4.69% more ownership

Funds ownership: 84.34% → 89.02% (+4.7%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less capital invested

Capital invested by funds: $644M → $626M (-$17.7M)

25% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 8

Holders
27
Holders Change
+3
Holders Change %
+12.5%
% of All Funds
0.61%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
11
Increased
6
Reduced
8
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
YCMGA
York Capital Management Global Advisors
New York
+$43M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$5.73M
3
TAM
TPH Asset Management
Texas
+$1.71M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$697K
5
Wells Fargo
Wells Fargo
California
+$333K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$1.91M
2
CP
Covalent Partners
Massachusetts
-$872K
3
Goldman Sachs
Goldman Sachs
New York
-$748K
4
Jane Street
Jane Street
New York
-$426K
5
VM
Valinor Management
New York
-$321K
Name Holding Trade Value Shares
Change 		Change in
Stake
YCMGA
1
York Capital Management Global Advisors
New York
$319M +$43M +4,558,034 +9%
VM
2
Valinor Management
New York
$162M -$321K -34,005 -0.2%
BHMP
3
Bardin Hill Management Partners
New York
$78.4M -$155K -16,377 -0.2%
GE
4
General Electric
Ohio
$26.7M – – –
HCMT
5
Highland Capital Management (Texas)
Texas
$17.4M -$161K -17,100 -0.8%
Vanguard Group
6
Vanguard Group
Pennsylvania
$13.4M +$5.73M +606,992 +61%
TAM
7
TPH Asset Management
Texas
$3.09M +$1.71M +181,018 +95%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.5M +$697K +73,842 +70%
CP
9
Covalent Partners
Massachusetts
$1.41M -$872K -92,418 -34%
PAMP
10
Polar Asset Management Partners
Ontario, Canada
$599K – – –
BCM
11
BlueCrest Capital Management
Jersey
$462K +$97.6K +10,346 +23%
Millennium Management
12
Millennium Management
New York
$451K -$1.91M -202,538 -79%
Charles Schwab
13
Charles Schwab
California
$304K +$28K +2,964 +9%
Wells Fargo
14
Wells Fargo
California
$294K +$333K +35,251 New
PPA
15
Parametric Portfolio Associates
Washington
$276K +$313K +33,138 New
DRZID
16
DePrince Race & Zollo Inc (DRZ)
Florida
$157K -$63.4K -6,721 -26%
MIM
17
Monashee Investment Management
Massachusetts
$143K – – –
Neuberger Berman Group
18
Neuberger Berman Group
New York
$110K +$124K +13,178 New
PP
19
Paloma Partners
Connecticut
$107K +$122K +12,900 New
Goldman Sachs
20
Goldman Sachs
New York
$103K -$748K -79,307 -86%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$87K +$98.8K +10,470 New
Morgan Stanley
22
Morgan Stanley
New York
$68K -$297K -31,502 -79%
Deutsche Bank
23
Deutsche Bank
Germany
$67K +$76.2K +8,072 New
CIBC Private Wealth Group
24
CIBC Private Wealth Group
Georgia
$41K +$46.2K +4,900 New
AAMU
25
Amundi Asset Management US
Massachusetts
$36K +$40.4K +4,286 New
1
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NEXT Hedge Fund Activity: Q4 2017 in Review

27 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q4 2017, worth a combined $626M — down 2.7% from $644M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NEXT positions and 8 closed out — a net gain of 3 holders — while 6 added to existing stakes and 8 trimmed.

The largest buyer was York Capital Management Global Advisors, adding an estimated $43M. The largest seller was Millennium Management, cutting an estimated $1.91M.

  • 27 institutional investors held NextDecade (NEXT) as of Q4 2017, up from 24 in Q3 2017.
  • Funds reported $626M of NextDecade stock for Q4 2017, down 2.7% quarter-over-quarter.
  • 11 funds opened new NextDecade positions in Q4 2017 and 8 closed out, a net change of +3 holders.
  • The largest NextDecade buyer in Q4 2017 was York Capital Management Global Advisors, an estimated $43M added.
  • The largest NextDecade seller in Q4 2017 was Millennium Management, an estimated $1.91M sold.

Based on aggregated 13F filings for Q4 2017.