NextNav
175 hedge funds and large institutions have $1.03B invested in NextNav in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 77 increasing their positions, 47 reducing their positions, and 19 closing their positions.
208% more call options, than puts
Call options by funds: $108M | Put options by funds: $35.1M
64% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 47
1.27% less ownership
Funds ownership: 55.47% → 54.2% (-1.3%)
3% less funds holding
Funds holding: 181 → 175 (-6)
16% less capital inflows, than outflows
Capital inflows: $92.4M | Capital outflows: $110M
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$17.4M |
| 2 |
Susquehanna Advisors Group
Bala Cynwyd,
Pennsylvania
|
+$9.23M |
| 3 |
Philosophy Capital Management
Alamo,
California
|
+$8.6M |
| 4 |
VanEck Associates
New York
|
+$6.4M |
| 5 |
BlackRock
New York
|
+$5.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JBFJ
James B. Fleming Jr
|
-$59.6M |
| 2 |
Voloridge Investment Management
Jupiter,
Florida
|
-$4.94M |
| 3 |
California State Teachers Retirement System (CalSTRS)
West Sacramento,
California
|
-$4.52M |
| 4 |
Barclays
London,
United Kingdom
|
-$3.28M |
| 5 |
Utah Retirement Systems
Salt Lake City,
Utah
|
-$2.52M |
NN Hedge Fund Activity: Q3 2025 in Review
175 of the 7,661 institutional investors tracked by Wall St. Rank reported a position in NextNav (NN) for Q3 2025, worth a combined $1.03B — down 7.5% from $1.12B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NN and 14 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 77 added.
The largest buyer was Susquehanna International Group, adding an estimated $17.4M. The largest seller was James B. Fleming Jr, exiting entirely with an estimated $59.6M sold.
- 175 institutional investors held NextNav (NN) as of Q3 2025, down from 181 in Q2 2025.
- Funds reported $1.03B of NextNav stock for Q3 2025, down 7.5% quarter-over-quarter.
- 14 funds opened new NextNav positions in Q3 2025 and 19 closed out, a net change of -5 holders.
- The largest NextNav buyer in Q3 2025 was Susquehanna International Group, an estimated $17.4M added.
- The largest NextNav seller in Q3 2025 was James B. Fleming Jr, an estimated $59.6M sold.
Based on aggregated 13F filings for Q3 2025.