NextDecade
NEXT
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.
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: 45 → 44 (-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: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$3.05M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$213K |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$97.9K |
| 4 |
BlackRock
New York
|
+$73K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$72.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GE
General Electric
Evendale,
Ohio
|
-$17.3M |
| 2 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
-$4.86M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$264K |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$263K |
| 5 |
CP
Covalent Partners
Concord,
Massachusetts
|
-$161K |
NEXT Hedge Fund Activity: Q3 2019 in Review
44 of the 4,574 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.