NextNav
64 hedge funds and large institutions have $116M invested in NextNav in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 7 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
42% more capital invested
Capital invested by funds: $81.8M → $116M (+$34.3M)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 63 → 64 (+1)
0.95% less ownership
Funds ownership: 37.64% → 36.69% (-0.95%)
22% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PM
Plustick Management
Charlottesville,
Virginia
|
+$1.05M |
| 2 |
RA
Royce & Associates
New York
|
+$808K |
| 3 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$278K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$247K |
| 5 |
Morgan Stanley
New York
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$2.21M |
| 2 |
NFAM
North Fourth Asset Management
Englewood Cliffs,
New Jersey
|
-$376K |
| 3 |
BlackRock
New York
|
-$327K |
| 4 |
CF
Cantor Fitzgerald
New York
|
-$223K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$211K |
NN Hedge Fund Activity: Q2 2023 in Review
64 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q2 2023, worth a combined $116M — up 42% from $81.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NN positions and 7 closed out — a net gain of 1 holder — while 18 added to existing stakes and 23 trimmed.
The largest buyer was Plustick Management, adding an estimated $1.05M. The largest seller was B. Riley Financial, exiting entirely with an estimated $2.21M sold.
- 64 institutional investors held NextNav (NN) as of Q2 2023, up from 63 in Q1 2023.
- Funds reported $116M of NextNav stock for Q2 2023, up 42% quarter-over-quarter.
- 8 funds opened new NextNav positions in Q2 2023 and 7 closed out, a net change of +1 holder.
- The largest NextNav buyer in Q2 2023 was Plustick Management, an estimated $1.05M added.
- The largest NextNav seller in Q2 2023 was B. Riley Financial, an estimated $2.21M sold.
Based on aggregated 13F filings for Q2 2023.