NextDecade
NEXT
117 hedge funds and large institutions have $725M invested in NextDecade in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 16 closing their positions.
56% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 16
38% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 32
31% more call options, than puts
Call options by funds: $5.73M | Put options by funds: $4.36M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
8% more funds holding
Funds holding: 108 → 117 (+9)
19.25% less ownership
Funds ownership: 77.88% → 58.63% (-19%)
25% less capital invested
Capital invested by funds: $963M → $725M (-$238M)
Top Buyers
| 1 |
BlackRock
New York
|
+$64.1M |
| 2 |
LM
Lasry Marc
|
+$43.7M |
| 3 |
Morgan Stanley
New York
|
+$19.5M |
| 4 |
VM
Valinor Management
New York
|
+$17.6M |
| 5 |
YCM
Yaupon Capital Management
New York
|
+$15.9M |
Top Sellers
| 1 |
YCMGA
York Capital Management Global Advisors
New York
|
-$54.7M |
| 2 |
Millennium Management
New York
|
-$9.4M |
| 3 |
Walleye Capital
New York
|
-$6.36M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.91M |
| 5 |
RC
Riposte Capital
New York
|
-$3.28M |
NEXT Hedge Fund Activity: Q3 2023 in Review
117 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2023, worth a combined $725M — down 25% from $963M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new NEXT positions and 16 closed out — a net gain of 9 holders — while 44 added to existing stakes and 32 trimmed.
The largest buyer was BlackRock, adding an estimated $64.1M. The largest seller was York Capital Management Global Advisors, cutting an estimated $54.7M.
- 117 institutional investors held NextDecade (NEXT) as of Q3 2023, up from 108 in Q2 2023.
- Funds reported $725M of NextDecade stock for Q3 2023, down 25% quarter-over-quarter.
- 25 funds opened new NextDecade positions in Q3 2023 and 16 closed out, a net change of +9 holders.
- The largest NextDecade buyer in Q3 2023 was BlackRock, an estimated $64.1M added.
- The largest NextDecade seller in Q3 2023 was York Capital Management Global Advisors, an estimated $54.7M sold.
Based on aggregated 13F filings for Q3 2023.