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NextNav
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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
CP
176
CenterBook Partners
Connecticut
– -$1.53M -98,451 Closed
Two Sigma Investments
177
Two Sigma Investments
New York
– -$511K -32,843 Closed
YIH
178
Y-Intercept (HK)
Hong Kong
– -$371K -23,854 Closed
VCM
179
Voleon Capital Management
California
– -$325K -20,875 Closed
CC
180
Centiva Capital
New York
– -$303K -19,490 Closed
BHCM
181
Brevan Howard Capital Management
Jersey
– -$213K -13,667 Closed
BFG
182
Bleakley Financial Group
New Jersey
– -$169K -10,882 Closed
WMWM
183
Whitaker-Myers Wealth Managers
Ohio
– -$157K -10,064 Closed
MWM
184
Mission Wealth Management
California
– -$156K -10,000 Closed
FWM
185
Focused Wealth Management
New York
– -$62.2K -4,000 Closed
National Bank of Canada
186
National Bank of Canada
Quebec, Canada
– -$21K -1,348 Closed
QCG
187
Quadrant Capital Group
Ohio
– -$5.79K -372 Closed
PA
188
Parallel Advisors
California
– -$529 -34 Closed
4 5 6 7
8

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.