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NextDecade
NEXT

41 hedge funds and large institutions have $198M invested in NextDecade in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

16% more capital invested

Capital invested by funds: $170M → $198M (+$28M)

14% more funds holding

Funds holding: 36 → 41 (+5)

1.16% more ownership

Funds ownership: 74.99% → 76.14% (+1.2%)

Holders
41
Holders Change
+5
Holders Change %
+13.89%
% of All Funds
0.84%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.06%
New
8
Increased
14
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$1.7M
2
BlackRock
BlackRock
New York
+$840K
3
Goldman Sachs
Goldman Sachs
New York
+$152K
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$144K
5
State Street
State Street
Massachusetts
+$73.4K

Top Sellers

1
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
-$547K
2
NAM
Nexpoint Asset Management
Texas
-$374K
3
JG
Jefferies Group
New York
-$100K
4
Victory Capital Management
Victory Capital Management
Texas
-$36.3K
5
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$22.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
YCMGA
1
York Capital Management Global Advisors
New York
$125M – – –
VM
2
Valinor Management
New York
$42.2M – – –
BHMP
3
Bardin Hill Management Partners
New York
$20.4M – – –
NAM
4
Nexpoint Asset Management
Texas
$2.69M -$374K -204,530 -14%
Vanguard Group
5
Vanguard Group
Pennsylvania
$2.27M +$1.7M +929,965 +770%
BlackRock
6
BlackRock
New York
$2.25M +$840K +459,327 +79%
State Street
7
State Street
Massachusetts
$723K +$73.4K +40,118 +14%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$718K +$144K +78,883 +31%
Northern Trust
9
Northern Trust
Illinois
$379K +$23.3K +12,727 +8%
California Public Employees Retirement System
10
California Public Employees Retirement System
California
$361K – – –
Goldman Sachs
11
Goldman Sachs
New York
$180K +$152K +83,345 New
Charles Schwab
12
Charles Schwab
California
$151K +$38K +20,752 +42%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$143K +$68.8K +37,644 +134%
Millennium Management
14
Millennium Management
New York
$133K +$61K +33,347 +118%
Wells Fargo
15
Wells Fargo
California
$75K +$19.3K +10,565 +44%
Jane Street
16
Jane Street
New York
$70K +$59.6K +32,605 New
RhumbLine Advisers
17
RhumbLine Advisers
Massachusetts
$68K +$27.4K +14,995 +91%
PP
18
Paloma Partners
Connecticut
$55K +$46.4K +25,362 New
SO
19
STRS Ohio
Ohio
$52K – – –
JP Morgan Chase
20
JP Morgan Chase
New York
$45K -$101 -55 -0.3%
California State Teachers Retirement System (CalSTRS)
21
California State Teachers Retirement System (CalSTRS)
California
$42K – – –
Victory Capital Management
22
Victory Capital Management
Texas
$40K -$36.3K -19,855 -52%
DRZID
23
DePrince Race & Zollo Inc (DRZ)
Florida
$39K -$22.7K -12,400 -41%
AIG
24
American International Group
New York
$28K +$9.92K +5,424 +73%
New York State Common Retirement Fund
25
New York State Common Retirement Fund
New York
$25K – – –
1
2

NEXT Hedge Fund Activity: Q2 2020 in Review

41 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q2 2020, worth a combined $198M — up 16% from $170M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NEXT positions and 3 closed out — a net gain of 5 holders — while 14 added to existing stakes and 10 trimmed.

The largest buyer was Vanguard Group, adding an estimated $1.7M. The largest seller was Teacher Retirement System of Texas, exiting entirely with an estimated $547K sold.

  • 41 institutional investors held NextDecade (NEXT) as of Q2 2020, up from 36 in Q1 2020.
  • Funds reported $198M of NextDecade stock for Q2 2020, up 16% quarter-over-quarter.
  • 8 funds opened new NextDecade positions in Q2 2020 and 3 closed out, a net change of +5 holders.
  • The largest NextDecade buyer in Q2 2020 was Vanguard Group, an estimated $1.7M added.
  • The largest NextDecade seller in Q2 2020 was Teacher Retirement System of Texas, an estimated $547K sold.

Based on aggregated 13F filings for Q2 2020.