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173 hedge funds and large institutions have $872M invested in NextNav in 2025 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 84 increasing their positions, 26 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

223% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 26

217% more call options, than puts

Call options by funds: $67.6M | Put options by funds: $21.3M

138% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 16

12% more funds holding

Funds holding: 154 → 173 (+19)

1.2% more ownership

Funds ownership: 53.33% → 54.53% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

20% less capital invested

Capital invested by funds: $1.08B → $872M (-$212M)

Holders
173
Holders Change
+19
Holders Change %
+12.34%
% of All Funds
2.32%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
38
Increased
84
Reduced
26
Closed
16
Calls
$67.6M
Puts
$21.3M
Net Calls
+$46.3M
Net Calls Change
+$11.9M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$14.4M
2
WHCM
Wolf Hill Capital Management
Connecticut
+$10.7M
3
IP
Interval Partners
New York
+$9.75M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$8.63M
5
Millennium Management
Millennium Management
New York
+$6.08M

Top Sellers

Rank Fund Capital Flow
1
NMC
NEA Management Company
Maryland
-$127M
2
WCM
Whitefort Capital Management
New York
-$9.8M
3
Federated Hermes
Federated Hermes
Pennsylvania
-$3.74M
4
PCM
Prentice Capital Management
Connecticut
-$1.78M
5
CP
CenterBook Partners
Connecticut
-$1.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
101
Mariner
Kansas
$340K +$55.3K +4,585 +20%
N
102
Numerai
California
$331K +$40.3K +3,342 +14%
GI
103
GAMCO Investors
Connecticut
$330K +$905K +75,000 New
OC
104
Oppenheimer & Co
New York
$329K – – –
OWP
105
Obermeyer Wealth Partners
Colorado
$306K +$29.2K +2,422 +11%
Toronto Dominion Bank
106
Toronto Dominion Bank
Ontario, Canada
$304K +$302K +25,000 New
WIM
107
Wittenberg Investment Management
Massachusetts
$304K +$302K +25,000 New
Squarepoint
108
Squarepoint
New York
$294K -$1.5M -124,637 -84%
Jane Street
109
Jane Street
New York
$279K -$1.27M -105,362 -82%
SGCA
110
Steel Grove Capital Advisors
Tennessee
$272K +$8.81K +730 +3%
Walleye Capital
111
Walleye Capital
New York
$266K +$263K +21,822 New
VOYA Investment Management
112
VOYA Investment Management
Georgia
$259K -$20.3K -1,683 -7%
CAM
113
Cresset Asset Management
Illinois
$246K +$244K +20,230 New
New York State Common Retirement Fund
114
New York State Common Retirement Fund
New York
$237K – – –
TI
115
Tidal Investments
Wisconsin
$236K +$234K +19,367 New
ASRS
116
Arizona State Retirement System
Arizona
$228K +$49.1K +4,064 +28%
AQR Capital Management
117
AQR Capital Management
Connecticut
$225K +$6.43K +533 +3%
Fidelity Investments
118
Fidelity Investments
Massachusetts
$224K +$10.5K +868 +5%
PFSRSONJ
119
Police & Firemen's Retirement System of New Jersey
New Jersey
$224K +$25.9K +2,144 +13%
Ameriprise
120
Ameriprise
Minnesota
$223K -$14.7K -1,221 -6%
CWM
121
CIBC World Markets
New York
$216K +$214K +17,754 New
ProShare Advisors
122
ProShare Advisors
Maryland
$210K -$54.4K -4,508 -21%
Creative Planning
123
Creative Planning
Kansas
$196K +$179K +14,854 +1,217%
State Board of Administration of Florida Retirement System
124
State Board of Administration of Florida Retirement System
Florida
$191K – – –
JRP
125
Jasper Ridge Partners
California
$189K +$187K +15,502 New
3 4
5
6 7

NN Hedge Fund Activity: Q1 2025 in Review

173 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q1 2025, worth a combined $872M — down 20% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new NN positions and 16 closed out — a net gain of 22 holders — while 84 added to existing stakes and 26 trimmed.

The largest buyer was UBS Group, adding an estimated $14.4M. The largest seller was NEA Management Company, exiting entirely with an estimated $127M sold.

  • 173 institutional investors held NextNav (NN) as of Q1 2025, up from 154 in Q4 2024.
  • Funds reported $872M of NextNav stock for Q1 2025, down 20% quarter-over-quarter.
  • 38 funds opened new NextNav positions in Q1 2025 and 16 closed out, a net change of +22 holders.
  • The largest NextNav buyer in Q1 2025 was UBS Group, an estimated $14.4M added.
  • The largest NextNav seller in Q1 2025 was NEA Management Company, an estimated $127M sold.

Based on aggregated 13F filings for Q1 2025.