NextNav
66 hedge funds and large institutions have $129M invested in NextNav in 2022 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 17 increasing their positions, 5 reducing their positions, and 15 closing their positions.
240% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 5
133% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 15
43% more funds holding
Funds holding: 46 → 66 (+20)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0.86% more ownership
Funds ownership: 58.05% → 58.91% (+0.86%)
68% less capital invested
Capital invested by funds: $409M → $129M (-$280M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$13.1M |
| 2 |
BlackRock
New York
|
+$10.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.58M |
| 4 |
PCM
Pathway Capital Management
Irvine,
California
|
+$3.06M |
| 5 |
State Street
Boston,
Massachusetts
|
+$2.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$67.1M |
| 2 |
ECM
ExodusPoint Capital Management
New York
|
-$1.28M |
| 3 |
Millennium Management
New York
|
-$936K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$721K |
| 5 |
KC
Kepos Capital
New York
|
-$375K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Jane Street
New York
| – | -$112K | -14,956 | Closed |
|
77
Balyasny Asset Management
Chicago,
Illinois
| – | -$108K | -14,383 | Closed |
|
|
MFS
78
Mirabella Financial Services
London,
United Kingdom
| – | -$104K | -13,899 | Closed |
|
|
OCM
79
Ovata Capital Management
Hong Kong
| – | -$5K | -700 | Closed |
|
80
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | +$860 | +179 | New |
|
81
Fidelity Investments
Boston,
Massachusetts
| – | +$1.02K | +213 | New |
|
NN Hedge Fund Activity: Q2 2022 in Review
66 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q2 2022, worth a combined $129M — down 68% from $409M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new NN positions and 15 closed out — a net gain of 20 holders — while 17 added to existing stakes and 5 trimmed.
The largest buyer was B. Riley Financial, adding an estimated $13.1M. The largest seller was Goldman Sachs, exiting entirely with an estimated $67.1M sold.
- 66 institutional investors held NextNav (NN) as of Q2 2022, up from 46 in Q1 2022.
- Funds reported $129M of NextNav stock for Q2 2022, down 68% quarter-over-quarter.
- 35 funds opened new NextNav positions in Q2 2022 and 15 closed out, a net change of +20 holders.
- The largest NextNav buyer in Q2 2022 was B. Riley Financial, an estimated $13.1M added.
- The largest NextNav seller in Q2 2022 was Goldman Sachs, an estimated $67.1M sold.
Based on aggregated 13F filings for Q2 2022.