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NextDecade
NEXT

46 hedge funds and large institutions have $606M invested in NextDecade in 2018 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

425% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 4

59% more funds holding

Funds holding: 29 → 46 (+17)

57% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 7

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

33% more capital invested

Capital invested by funds: $456M → $606M (+$150M)

1.9% less ownership

Funds ownership: 88.58% → 86.68% (-1.9%)

Holders
46
Holders Change
+17
Holders Change %
+58.62%
% of All Funds
1.05%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
21
Increased
11
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PWPCM
Perella Weinberg Partners Capital Management
New York
+$3.46M
2
BlackRock
BlackRock
New York
+$2.33M
3
Northern Trust
Northern Trust
Illinois
+$437K
4
State Street
State Street
Massachusetts
+$290K
5
BHMP
Bardin Hill Management Partners
New York
+$202K

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$3.93M
2
GE
General Electric
Ohio
-$1.25M
3
Millennium Management
Millennium Management
New York
-$826K
4
Goldman Sachs
Goldman Sachs
New York
-$632K
5
Wells Fargo
Wells Fargo
California
-$215K
Name Holding Trade Value Shares
Change 		Change in
Stake
YCMGA
1
York Capital Management Global Advisors
New York
$355M – – –
VM
2
Valinor Management
New York
$133M – – –
BHMP
3
Bardin Hill Management Partners
New York
$64.5M +$202K +32,011 +0.3%
GE
4
General Electric
Ohio
$19M -$1.25M -198,699 -7%
HCMT
5
Highland Capital Management (Texas)
Texas
$14.3M – – –
PWPCM
6
Perella Weinberg Partners Capital Management
New York
$8.47M +$3.46M +550,259 +80%
BlackRock
7
BlackRock
New York
$2.53M +$2.33M +369,902 New
Vanguard Group
8
Vanguard Group
Pennsylvania
$1.81M -$3.93M -624,096 -70%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$1.39M +$132K +21,004 +12%
CP
10
Covalent Partners
Massachusetts
$1.23M – – –
State Street
11
State Street
Massachusetts
$1.12M +$290K +46,004 +39%
Northern Trust
12
Northern Trust
Illinois
$585K +$437K +69,474 +435%
PAMP
13
Polar Asset Management Partners
Ontario, Canada
$536K – – –
DRZID
14
DePrince Race & Zollo Inc (DRZ)
Florida
$390K +$90.7K +14,400 +34%
Charles Schwab
15
Charles Schwab
California
$382K +$108K +17,151 +44%
Millennium Management
16
Millennium Management
New York
$222K -$826K -131,126 -80%
Morgan Stanley
17
Morgan Stanley
New York
$181K +$135K +21,365 +419%
Verition Fund Management
18
Verition Fund Management
Connecticut
$178K +$49K +7,790 +43%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$160K +$147K +23,358 New
California Public Employees Retirement System
20
California Public Employees Retirement System
California
$137K +$126K +19,964 New
Deutsche Bank
21
Deutsche Bank
Germany
$100K +$1.02K +162 +1%
New York State Common Retirement Fund
22
New York State Common Retirement Fund
New York
$80K +$73.7K +11,700 New
California State Teachers Retirement System (CalSTRS)
23
California State Teachers Retirement System (CalSTRS)
California
$80K +$73.7K +11,703 New
TCIM
24
TIAA CREF Investment Management
New York
$80K +$73.8K +11,728 New
Citadel Advisors
25
Citadel Advisors
Florida
$80K +$73.9K +11,744 New
1
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NEXT Hedge Fund Activity: Q2 2018 in Review

46 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q2 2018, worth a combined $606M — up 33% from $456M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NEXT positions and 4 closed out — a net gain of 17 holders — while 11 added to existing stakes and 7 trimmed.

The largest buyer was Perella Weinberg Partners Capital Management, adding an estimated $3.46M. The largest seller was Vanguard Group, cutting an estimated $3.93M.

  • 46 institutional investors held NextDecade (NEXT) as of Q2 2018, up from 29 in Q1 2018.
  • Funds reported $606M of NextDecade stock for Q2 2018, up 33% quarter-over-quarter.
  • 21 funds opened new NextDecade positions in Q2 2018 and 4 closed out, a net change of +17 holders.
  • The largest NextDecade buyer in Q2 2018 was Perella Weinberg Partners Capital Management, an estimated $3.46M added.
  • The largest NextDecade seller in Q2 2018 was Vanguard Group, an estimated $3.93M sold.

Based on aggregated 13F filings for Q2 2018.