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NextDecade

44 hedge funds and large institutions have $525M invested in NextDecade in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

2% less funds holding

Funds holding: 4544 (-1)

3.03% less ownership

Funds ownership: 85.47%82.44% (-3%)

7% less capital invested

Capital invested by funds: $565M → $525M (-$40.2M)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
44
Holders Change
-1
Holders Change %
-2.22%
% of All Funds
0.96%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
5
Increased
14
Reduced
12
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
YCMGA
1
York Capital Management Global Advisors
New York
$333M
VM
2
Valinor Management
New York
$113M
BHMP
3
Bardin Hill Management Partners
New York
$54.4M
NAM
4
Nexpoint Asset Management
Texas
$9.04M +$8.44M +1,570,284 New
BlackRock
5
BlackRock
New York
$3.27M +$73K +13,582 +2%
Teacher Retirement System of Texas
6
Teacher Retirement System of Texas
Texas
$3.27M +$3.05M +568,265 New
Geode Capital Management
7
Geode Capital Management
Massachusetts
$1.4M -$2.9K -539 -0.2%
State Street
8
State Street
Massachusetts
$1.28M +$37.7K +7,021 +3%
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$989K +$50.5K +9,400 +6%
Northern Trust
10
Northern Trust
Illinois
$728K +$213K +39,612 +46%
Vanguard Group
11
Vanguard Group
Pennsylvania
$571K +$72.6K +13,521 +16%
Verition Fund Management
12
Verition Fund Management
Connecticut
$500K -$264K -49,127 -36%
EIM
13
Essex Investment Management
Massachusetts
$466K
PPA
14
Parametric Portfolio Associates
Washington
$451K -$32.3K -6,016 -7%
CP
15
Covalent Partners
Massachusetts
$374K -$161K -30,000 -32%
DRZID
16
DePrince Race & Zollo Inc (DRZ)
Florida
$293K +$1.45K +269 +0.5%
Charles Schwab
17
Charles Schwab
California
$255K +$59.1K +11,003 +33%
PAMP
18
Polar Asset Management Partners
Ontario, Canada
$179K -$263K -48,957 -61%
Renaissance Technologies
19
Renaissance Technologies
New York
$164K -$9.13K -1,700 -6%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$162K -$7.96K -1,482 -5%
PCM
21
Prelude Capital Management
New York
$157K
Victory Capital Management
22
Victory Capital Management
Texas
$105K +$97.9K +18,219 New
California State Teachers Retirement System (CalSTRS)
23
California State Teachers Retirement System (CalSTRS)
California
$101K
RhumbLine Advisers
24
RhumbLine Advisers
Massachusetts
$93K -$537 -100 -0.6%
N
25
Nuveen
North Carolina
$68K

NEXT Hedge Fund Activity: Q3 2019 in Review

44 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2019, worth a combined $525M — down 7.1% from $565M a quarter earlier.

Fund positioning in NEXT was balanced in Q3 2019: 5 funds opened new positions, 5 closed out, 14 added to existing stakes and 12 trimmed.

The largest buyer was Teacher Retirement System of Texas, opening a new position worth an estimated $3.05M. The largest seller was General Electric, exiting entirely with an estimated $17.3M sold.

  • 44 institutional investors held NextDecade (NEXT) as of Q3 2019, down from 45 in Q2 2019.
  • Funds reported $525M of NextDecade stock for Q3 2019, down 7.1% quarter-over-quarter.
  • 5 funds opened new NextDecade positions in Q3 2019 and 5 closed out, a net change of 0 holders.
  • The largest NextDecade buyer in Q3 2019 was Teacher Retirement System of Texas, an estimated $3.05M added.
  • The largest NextDecade seller in Q3 2019 was General Electric, an estimated $17.3M sold.

Based on aggregated 13F filings for Q3 2019.