NextDecade
NEXT
144 hedge funds and large institutions have $639M invested in NextDecade in 2024 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 49 increasing their positions, 45 reducing their positions, and 28 closing their positions.
742% more call options, than puts
Call options by funds: $18.5M | Put options by funds: $2.2M
18% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 28
4% more funds holding
Funds holding: 139 → 144 (+5)
9% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 45
11.37% less ownership
Funds ownership: 63.68% → 52.3% (-11%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
51% less capital invested
Capital invested by funds: $1.3B → $639M (-$665M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$20.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$14.6M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$13.8M |
| 4 |
BlackRock
New York
|
+$7.57M |
| 5 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$6.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCMGA
York Capital Management Global Advisors
New York
|
-$220M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$10.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$8.31M |
| 4 |
ACG
Aventail Capital Group
New York
|
-$5.42M |
| 5 |
WCCM
Webs Creek Capital Management
Dallas,
Texas
|
-$5.34M |
NEXT Hedge Fund Activity: Q3 2024 in Review
144 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in NextDecade (NEXT) for Q3 2024, worth a combined $639M — down 51% from $1.3B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new NEXT positions and 28 closed out — a net gain of 5 holders — while 49 added to existing stakes and 45 trimmed.
The largest buyer was Encompass Capital Advisors, adding an estimated $20.7M. The largest seller was York Capital Management Global Advisors, cutting an estimated $220M.
- 144 institutional investors held NextDecade (NEXT) as of Q3 2024, up from 139 in Q2 2024.
- Funds reported $639M of NextDecade stock for Q3 2024, down 51% quarter-over-quarter.
- 33 funds opened new NextDecade positions in Q3 2024 and 28 closed out, a net change of +5 holders.
- The largest NextDecade buyer in Q3 2024 was Encompass Capital Advisors, an estimated $20.7M added.
- The largest NextDecade seller in Q3 2024 was York Capital Management Global Advisors, an estimated $220M sold.
Based on aggregated 13F filings for Q3 2024.