NextNav
63 hedge funds and large institutions have $81.8M invested in NextNav in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
5% more funds holding
Funds holding: 60 → 63 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4.02% less ownership
Funds ownership: 41.66% → 37.64% (-4%)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
37% less capital invested
Capital invested by funds: $130M → $81.8M (-$48M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Whitefort Capital Management
New York
|
+$8.07M |
| 2 |
GAI
General American Investors
New York
|
+$2.15M |
| 3 |
PM
Plustick Management
Charlottesville,
Virginia
|
+$1.34M |
| 4 |
NFAM
North Fourth Asset Management
Englewood Cliffs,
New Jersey
|
+$496K |
| 5 |
Barclays
London,
United Kingdom
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KIM LLC
Wichita,
Kansas
|
-$14.7M |
| 2 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$5.36M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.98M |
| 4 |
2C
272 Capital
Dallas,
Texas
|
-$1.61M |
| 5 |
BlackRock
New York
|
-$372K |
NN Hedge Fund Activity: Q1 2023 in Review
63 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q1 2023, worth a combined $81.8M — down 37% from $130M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NN positions and 12 closed out — a net gain of 3 holders — while 15 added to existing stakes and 19 trimmed.
The largest buyer was Whitefort Capital Management, adding an estimated $8.07M. The largest seller was KIM LLC, exiting entirely with an estimated $14.7M sold.
- 63 institutional investors held NextNav (NN) as of Q1 2023, up from 60 in Q4 2022.
- Funds reported $81.8M of NextNav stock for Q1 2023, down 37% quarter-over-quarter.
- 15 funds opened new NextNav positions in Q1 2023 and 12 closed out, a net change of +3 holders.
- The largest NextNav buyer in Q1 2023 was Whitefort Capital Management, an estimated $8.07M added.
- The largest NextNav seller in Q1 2023 was KIM LLC, an estimated $14.7M sold.
Based on aggregated 13F filings for Q1 2023.