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63 hedge funds and large institutions have $81.8M invested in NextNav in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

5% more funds holding

Funds holding: 60 → 63 (+3)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4.02% less ownership

Funds ownership: 41.66% → 37.64% (-4%)

21% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 19

37% less capital invested

Capital invested by funds: $130M → $81.8M (-$48M)

Holders
63
Holders Change
+3
Holders Change %
+5%
% of All Funds
1%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
15
Reduced
19
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WCM
Whitefort Capital Management
New York
+$8.07M
2
GAI
General American Investors
New York
+$2.15M
3
PM
Plustick Management
Virginia
+$1.34M
4
NFAM
North Fourth Asset Management
New Jersey
+$496K
5
Barclays
Barclays
United Kingdom
+$310K

Top Sellers

Rank Fund Capital Flow
1
KL
KIM LLC
Kansas
-$14.7M
2
BRF
B. Riley Financial
California
-$5.36M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$2.98M
4
2C
272 Capital
Texas
-$1.61M
5
BlackRock
BlackRock
New York
-$372K
Name Holding Trade Value Shares
Change 		Change in
Stake
FIG
1
Fortress Investment Group
New York
$28.8M – – –
NMC
2
NEA Management Company
Maryland
$16.6M – – –
WCM
3
Whitefort Capital Management
New York
$8.12M +$8.07M +3,013,975 +306%
BlackRock
4
BlackRock
New York
$6.14M -$372K -139,045 -4%
Vanguard Group
5
Vanguard Group
Pennsylvania
$3.47M -$2.98M -1,112,429 -39%
PM
6
Plustick Management
Virginia
$3.45M +$1.34M +500,000 +42%
BRF
7
B. Riley Financial
California
$2.21M -$5.36M -1,999,150 -65%
State Street
8
State Street
Massachusetts
$2.14M +$75K +27,996 +3%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$1.79M +$231K +86,057 +11%
GAI
10
General American Investors
New York
$1.63M +$2.15M +802,477 New
AFG
11
American Financial Group
Ohio
$1.01M – – –
Northern Trust
12
Northern Trust
Illinois
$1M -$20.2K -7,553 -2%
Barclays
13
Barclays
United Kingdom
$678K +$310K +115,792 +53%
Charles Schwab
14
Charles Schwab
California
$558K +$22.8K +8,525 +3%
URS
15
Utah Retirement Systems
Utah
$496K – – –
Morgan Stanley
16
Morgan Stanley
New York
$421K -$6.14K -2,292 -1%
NFAM
17
North Fourth Asset Management
New Jersey
$376K +$496K +185,000 New
Bank of America
18
Bank of America
North Carolina
$358K -$64.9K -24,235 -12%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$331K -$2.14K -799 -0.5%
CF
20
Cantor Fitzgerald
New York
$223K +$295K +110,000 New
N
21
Nuveen
North Carolina
$195K – – –
RhumbLine Advisers
22
RhumbLine Advisers
Massachusetts
$161K +$7.67K +2,865 +4%
Deutsche Bank
23
Deutsche Bank
Germany
$106K +$59.5K +22,200 +74%
JP Morgan Chase
24
JP Morgan Chase
New York
$103K +$33.9K +12,648 +33%
DAM
25
Deltec Asset Management
New York
$102K +$134K +50,000 New
1
2 3

NN Hedge Fund Activity: Q1 2023 in Review

63 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q1 2023, worth a combined $81.8M — down 37% from $130M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NN positions and 12 closed out — a net gain of 3 holders — while 15 added to existing stakes and 19 trimmed.

The largest buyer was Whitefort Capital Management, adding an estimated $8.07M. The largest seller was KIM LLC, exiting entirely with an estimated $14.7M sold.

  • 63 institutional investors held NextNav (NN) as of Q1 2023, up from 60 in Q4 2022.
  • Funds reported $81.8M of NextNav stock for Q1 2023, down 37% quarter-over-quarter.
  • 15 funds opened new NextNav positions in Q1 2023 and 12 closed out, a net change of +3 holders.
  • The largest NextNav buyer in Q1 2023 was Whitefort Capital Management, an estimated $8.07M added.
  • The largest NextNav seller in Q1 2023 was KIM LLC, an estimated $14.7M sold.

Based on aggregated 13F filings for Q1 2023.