NextDecade
NEXT
36 hedge funds and large institutions have $170M invested in NextDecade in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 9 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
0.28% less ownership
Funds ownership: 75.25% → 74.97% (-0.28%)
14% less funds holding
Funds holding: 42 → 36 (-6)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
69% less capital invested
Capital invested by funds: $556M → $170M (-$386M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$214K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$153K |
| 3 |
State Street
Boston,
Massachusetts
|
+$140K |
| 4 |
Millennium Management
New York
|
+$113K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$73.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$741K |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
-$620K |
| 3 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$411K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$200K |
| 5 |
PCM
Prelude Capital Management
New York
|
-$167K |
NEXT Hedge Fund Activity: Q1 2020 in Review
36 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2020, worth a combined $170M — down 69% from $556M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NEXT and 3 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Jefferies Group, opening a new position worth an estimated $214K. The largest seller was Teacher Retirement System of Texas, cutting an estimated $741K.
- 36 institutional investors held NextDecade (NEXT) as of Q1 2020, down from 42 in Q4 2019.
- Funds reported $170M of NextDecade stock for Q1 2020, down 69% quarter-over-quarter.
- 3 funds opened new NextDecade positions in Q1 2020 and 9 closed out, a net change of -6 holders.
- The largest NextDecade buyer in Q1 2020 was Jefferies Group, an estimated $214K added.
- The largest NextDecade seller in Q1 2020 was Teacher Retirement System of Texas, an estimated $741K sold.
Based on aggregated 13F filings for Q1 2020.