NextNav
60 hedge funds and large institutions have $130M invested in NextNav in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 13 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 11
6% less capital invested
Capital invested by funds: $138M → $130M (-$7.97M)
8.86% less ownership
Funds ownership: 50.52% → 41.66% (-8.9%)
10% less funds holding
Funds holding: 67 → 60 (-7)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.33M |
| 2 |
WCM
Whitefort Capital Management
New York
|
+$2.95M |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$2.59M |
| 4 |
PM
Plustick Management
Charlottesville,
Virginia
|
+$993K |
| 5 |
BlackRock
New York
|
+$558K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Oak Management Corp
Wilton,
Connecticut
|
-$581K |
| 2 |
CCM
CAAS Capital Management
New York
|
-$556K |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$311K |
| 4 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$210K |
| 5 |
2C
272 Capital
Dallas,
Texas
|
-$197K |
NN Hedge Fund Activity: Q4 2022 in Review
60 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q4 2022, worth a combined $130M — down 5.8% from $138M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NN and 7 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 26 added.
The largest buyer was Vanguard Group, adding an estimated $3.33M. The largest seller was Oak Management Corp, exiting entirely with an estimated $581K sold.
- 60 institutional investors held NextNav (NN) as of Q4 2022, down from 67 in Q3 2022.
- Funds reported $130M of NextNav stock for Q4 2022, down 5.8% quarter-over-quarter.
- 7 funds opened new NextNav positions in Q4 2022 and 13 closed out, a net change of -6 holders.
- The largest NextNav buyer in Q4 2022 was Vanguard Group, an estimated $3.33M added.
- The largest NextNav seller in Q4 2022 was Oak Management Corp, an estimated $581K sold.
Based on aggregated 13F filings for Q4 2022.