NextNav
71 hedge funds and large institutions have $208M invested in NextNav in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 7 closing their positions.
897% more call options, than puts
Call options by funds: $2.76M | Put options by funds: $277K
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
79% more capital invested
Capital invested by funds: $116M → $208M (+$91.5M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
11% more funds holding
Funds holding: 64 → 71 (+7)
0.65% more ownership
Funds ownership: 36.69% → 37.34% (+0.65%)
5% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.04M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.85M |
| 3 |
GAI
General American Investors
New York
|
+$1.81M |
| 4 |
Jane Street
New York
|
+$1.3M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Whitefort Capital Management
New York
|
-$5.84M |
| 2 |
URS
Utah Retirement Systems
Salt Lake City,
Utah
|
-$718K |
| 3 |
RhumbLine Advisers
Boston,
Massachusetts
|
-$482K |
| 4 |
State Street
Boston,
Massachusetts
|
-$187K |
| 5 |
Morgan Stanley
New York
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
E
76
Ergoteles
New York
| – | -$34.8K | -11,830 | Closed |
|
|
SCA
77
Snowden Capital Advisors
New York
| – | -$33.8K | -11,493 | Closed |
|
78
Goldman Sachs
New York
| – | -$29.9K | -10,173 | Closed |
|
NN Hedge Fund Activity: Q3 2023 in Review
71 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q3 2023, worth a combined $208M — up 79% from $116M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NN positions and 7 closed out — a net gain of 7 holders — while 20 added to existing stakes and 21 trimmed.
The largest buyer was Vanguard Group, adding an estimated $2.04M. The largest seller was Whitefort Capital Management, cutting an estimated $5.84M.
- 71 institutional investors held NextNav (NN) as of Q3 2023, up from 64 in Q2 2023.
- Funds reported $208M of NextNav stock for Q3 2023, up 79% quarter-over-quarter.
- 14 funds opened new NextNav positions in Q3 2023 and 7 closed out, a net change of +7 holders.
- The largest NextNav buyer in Q3 2023 was Vanguard Group, an estimated $2.04M added.
- The largest NextNav seller in Q3 2023 was Whitefort Capital Management, an estimated $5.84M sold.
Based on aggregated 13F filings for Q3 2023.