NextNav
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$14.4M |
| 2 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$10.7M |
| 3 |
IP
Interval Partners
New York
|
+$9.75M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.63M |
| 5 |
Millennium Management
New York
|
+$6.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
NEA Management Company
Timonium,
Maryland
|
-$127M |
| 2 |
WCM
Whitefort Capital Management
New York
|
-$9.8M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$3.74M |
| 4 |
PCM
Prentice Capital Management
Greenwich,
Connecticut
|
-$1.78M |
| 5 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
-$1.53M |
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.