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NextDecade
NEXT

106 hedge funds and large institutions have $593M invested in NextDecade in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,077% more call options, than puts

Call options by funds: $5.65M | Put options by funds: $480K

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

39% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 28

15% more funds holding

Funds holding: 92 → 106 (+14)

4% more capital invested

Capital invested by funds: $570M → $593M (+$22.4M)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

1.9% less ownership

Funds ownership: 79.95% → 78.04% (-1.9%)

Holders
106
Holders Change
+14
Holders Change %
+15.22%
% of All Funds
1.69%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
25
Increased
39
Reduced
28
Closed
11
Calls
$5.65M
Puts
$480K
Net Calls
+$5.17M
Net Calls Change
+$5.01M

Top Buyers

1
CC
Covalis Capital
United Kingdom
+$7.47M
2
Jennison Associates
Jennison Associates
New York
+$7.02M
3
RC
Riposte Capital
New York
+$5.48M
4
SCM
SIR Capital Management
New York
+$3.95M
5
YCM
Yaupon Capital Management
New York
+$2.08M

Top Sellers

1
PC
PointState Capital
New York
-$6.29M
2
Citadel Advisors
Citadel Advisors
Florida
-$4.87M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$3.64M
4
Millennium Management
Millennium Management
New York
-$3.54M
5
Goldman Sachs
Goldman Sachs
New York
-$2.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
YCMGA
1
York Capital Management Global Advisors
New York
$285M – – –
VM
2
Valinor Management
New York
$73.9M – – –
BHMP
3
Bardin Hill Management Partners
New York
$47.6M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$20.4M -$455K -78,314 -2%
BlackRock
5
BlackRock
New York
$18.6M +$862K +148,337 +4%
TCA
6
Tortoise Capital Advisors
Kansas
$16.8M -$78.7K -13,541 -0.4%
CCA
7
Catalyst Capital Advisors
New York
$13.8M +$488K +84,024 +3%
Morgan Stanley
8
Morgan Stanley
New York
$12.4M -$32.2K -5,535 -0.2%
Citadel Advisors
9
Citadel Advisors
Florida
$11.1M -$4.87M -838,028 -27%
RCMU
10
Rokos Capital Management (UK)
United Kingdom
$10.1M +$1.63M +280,000 New
RC
11
Riposte Capital
New York
$8.2M +$5.48M +942,807 +133%
CC
12
Covalis Capital
United Kingdom
$7.29M +$7.47M +1,285,847 +707%
Jennison Associates
13
Jennison Associates
New York
$6M +$7.02M +1,208,125 New
SCM
14
SIR Capital Management
New York
$5.87M +$3.95M +679,267 +135%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$5.26M +$430K +74,006 +8%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$5.24M +$830K +142,880 +16%
PC
17
PointState Capital
New York
$4.87M -$6.29M -1,082,620 -52%
State Street
18
State Street
Massachusetts
$4.71M +$426K +73,325 +8%
SA
19
SL Advisors
New Jersey
$3.83M +$1.89M +324,552 +73%
ACG
20
Aventail Capital Group
New York
$3.64M +$374K +64,439 +10%
Millennium Management
21
Millennium Management
New York
$2.58M -$3.54M -608,688 -54%
Goldman Sachs
22
Goldman Sachs
New York
$2.44M -$2.77M -476,299 -49%
Northern Trust
23
Northern Trust
Illinois
$1.91M -$26.7K -4,602 -1%
YCM
24
Yaupon Capital Management
New York
$1.78M +$2.08M +358,578 New
Adage Capital Partners
25
Adage Capital Partners
Massachusetts
$1.74M +$2.03M +350,000 New
1
2 3 4 5

NEXT Hedge Fund Activity: Q1 2023 in Review

106 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q1 2023, worth a combined $593M — up 3.9% from $570M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NEXT positions and 11 closed out — a net gain of 14 holders — while 39 added to existing stakes and 28 trimmed.

The largest buyer was Covalis Capital, adding an estimated $7.47M. The largest seller was PointState Capital, cutting an estimated $6.29M.

  • 106 institutional investors held NextDecade (NEXT) as of Q1 2023, up from 92 in Q4 2022.
  • Funds reported $593M of NextDecade stock for Q1 2023, up 3.9% quarter-over-quarter.
  • 25 funds opened new NextDecade positions in Q1 2023 and 11 closed out, a net change of +14 holders.
  • The largest NextDecade buyer in Q1 2023 was Covalis Capital, an estimated $7.47M added.
  • The largest NextDecade seller in Q1 2023 was PointState Capital, an estimated $6.29M sold.

Based on aggregated 13F filings for Q1 2023.