NextNav
92 hedge funds and large institutions have $312M invested in NextNav in 2024 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 15 closing their positions.
489% more call options, than puts
Call options by funds: $22.5M | Put options by funds: $3.82M
57% more capital invested
Capital invested by funds: $199M → $312M (+$113M)
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
2% more funds holding
Funds holding: 90 → 92 (+2)
2.04% more ownership
Funds ownership: 40.6% → 42.64% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$8.26M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.95M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.56M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$1.88M |
| 5 |
Millennium Management
New York
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Whitefort Capital Management
New York
|
-$5.9M |
| 2 |
Morgan Stanley
New York
|
-$2.18M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.27M |
| 4 |
Barclays
London,
United Kingdom
|
-$1.06M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$722K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JF
101
Jump Financial
Chicago,
Illinois
| – | -$73.1K | -16,423 | Closed |
|
102
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$69.8K | -15,690 | Closed |
|
103
SG Americas Securities
New York
| – | -$67K | -15,019 | Closed |
|
|
EGM
104
Engineers Gate Manager
New York
| – | -$64.5K | -14,503 | Closed |
|
|
BOTOTLSJU
105
Board of Trustees of The Leland Stanford Junior University
Redwood City,
California
| – | -$52.4K | -11,765 | Closed |
|
|
CG
106
Cutler Group
San Francisco,
California
| – | -$12K | -2,888 | Closed |
|
|
ASN
107
Advisory Services Network
Atlanta,
Georgia
| – | -$102 | -23 | Closed |
|
NN Hedge Fund Activity: Q1 2024 in Review
92 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q1 2024, worth a combined $312M — up 57% from $199M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NN positions and 15 closed out — a net gain of 3 holders — while 34 added to existing stakes and 23 trimmed.
The largest buyer was Wolf Hill Capital Management, opening a new position worth an estimated $8.26M. The largest seller was Whitefort Capital Management, cutting an estimated $5.9M.
- 92 institutional investors held NextNav (NN) as of Q1 2024, up from 90 in Q4 2023.
- Funds reported $312M of NextNav stock for Q1 2024, up 57% quarter-over-quarter.
- 18 funds opened new NextNav positions in Q1 2024 and 15 closed out, a net change of +3 holders.
- The largest NextNav buyer in Q1 2024 was Wolf Hill Capital Management, an estimated $8.26M added.
- The largest NextNav seller in Q1 2024 was Whitefort Capital Management, an estimated $5.9M sold.
Based on aggregated 13F filings for Q1 2024.