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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, 14 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

0.26% less ownership

Funds ownership: 75.25% → 74.99% (-0.26%)

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)

Holders
36
Holders Change
-6
Holders Change %
-14.29%
% of All Funds
0.79%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
3
Increased
14
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
JG
Jefferies Group
New York
+$214K
2
Northern Trust
Northern Trust
Illinois
+$153K
3
State Street
State Street
Massachusetts
+$140K
4
Millennium Management
Millennium Management
New York
+$113K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$73.4K

Top Sellers

1
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
-$741K
2
Verition Fund Management
Verition Fund Management
Connecticut
-$620K
3
EIM
Essex Investment Management
Massachusetts
-$411K
4
PPA
Parametric Portfolio Associates
Washington
-$200K
5
PCM
Prelude Capital Management
New York
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
YCMGA
1
York Capital Management Global Advisors
New York
$109M – – –
VM
2
Valinor Management
New York
$36.8M – – –
BHMP
3
Bardin Hill Management Partners
New York
$17.8M – – –
NAM
4
Nexpoint Asset Management
Texas
$2.73M -$16.1K -4,016 -0.3%
BlackRock
5
BlackRock
New York
$1.09M +$24.5K +6,089 +1%
State Street
6
State Street
Massachusetts
$554K +$140K +34,761 +13%
Teacher Retirement System of Texas
7
Teacher Retirement System of Texas
Texas
$547K -$741K -184,400 -39%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$476K +$73.4K +18,273 +8%
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$314K -$32K -7,967 -5%
Northern Trust
10
Northern Trust
Illinois
$305K +$153K +38,023 +31%
Vanguard Group
11
Vanguard Group
Pennsylvania
$227K +$205 +51 +0%
JG
12
Jefferies Group
New York
$100K +$214K +53,362 New
Charles Schwab
13
Charles Schwab
California
$92K +$2.15K +536 +1%
Victory Capital Management
14
Victory Capital Management
Texas
$72K +$61.2K +15,240 +65%
DRZID
15
DePrince Race & Zollo Inc (DRZ)
Florida
$57K -$22.1K -5,500 -15%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$53K – – –
Millennium Management
17
Millennium Management
New York
$53K +$113K +28,222 New
Wells Fargo
18
Wells Fargo
California
$46K +$66.8K +16,619 +219%
SO
19
STRS Ohio
Ohio
$45K – – –
JP Morgan Chase
20
JP Morgan Chase
New York
$40K +$18.5K +4,614 +28%
California State Teachers Retirement System (CalSTRS)
21
California State Teachers Retirement System (CalSTRS)
California
$36K +$896 +223 +1%
RhumbLine Advisers
22
RhumbLine Advisers
Massachusetts
$31K – – –
Bank of America
23
Bank of America
North Carolina
$26K +$25.7K +6,388 +84%
New York State Common Retirement Fund
24
New York State Common Retirement Fund
New York
$22K – – –
GI
25
Gradient Investments
Minnesota
$19K – – –
1
2

NEXT Hedge Fund Activity: Q1 2020 in Review

36 of the 4,538 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 10 trimmed existing stakes and 14 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.