Nextdecade Corp (NEXT) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Nextdecade Corp (NEXT) following the 2026 Q2 hedge fund 13F filings?

As of today, NEXT has moved -4.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to +3.9% for the XLE sector ETF — an outperformance of -8.4%. Since the quarter end (June 30, 2026), NEXT gained -8.9% vs +21.1% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Nextdecade Corp (NEXT)

206 + Investors. Track Smart Money conviction in NEXT. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — NEXT

Based on 213 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added NEXT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

213 hedge funds hold NEXT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q

+37 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 59% buying

141 buying96 selling

Last quarter: 141 funds bought or added vs 96 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-17 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 37 → 37 → 60 → 43. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 22% medium ■ 36% new

90 out of 213 hedge funds have held NEXT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📈

Growing discovery — still being found

22 → 37 → 37 → 60 → 43 new funds/Q

New funds entering each quarter: 37 → 37 → 60 → 43. A growing number of institutions are discovering NEXT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 48% veterans vs 35% newcomers

■ 48% veterans ■ 17% 1-2yr ■ 35% new

Entry-cohort mix of 234 holders: 112 (48%) are 2+ year veterans, 40 entered 1–2 years ago, and 82 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds

40 of 208 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in NEXT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.2

out of 10

Moderate Exit Risk

Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	206	211	-2.37%
13F Shares	126M	146M	-13.74%
Total Value	$943M	$1.10B	-14.32%
New Positions	43	60	-17
Increased Positions	89	84	+5
Closed Positions	43	34	+9
Reduced Positions	51	41	+10
Total Calls	15	17	-11.76%
Total Puts	11	12	-8.33%
PUT/CALL Ratio	0.73	0.71	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

206

211

-2.37%

13F Shares

126M

146M

-13.74%

Total Value

$943M

$1.10B

-14.32%

New Positions

-17

Increased Positions

Closed Positions

Reduced Positions

+10

Total Calls

-11.76%

Total Puts

-8.33%

PUT/CALL Ratio

0.73

0.71

Neutral

Institutional Holders (2026 Q2)

206 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NEXT. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 NEXT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Man Investment Partners (US) LP	19.46%	9,274,894	$69.9M
2	Sl Advisors, LLC	10.89%	825,378	$6.2M
3	Freshford Capital Management, LLC	3.05%	1,180,872	$8.9M
4	ELCO Management Co., LLC	0.81%	248,312	$1.9M
5	Catalyst Capital Advisors LLC	0.65%	5,216,592	$39.3M
6	Hara Capital LLC	0.42%	105,730	$797K
7	VARCOV Co.	0.40%	138,493	$1.0M
8	Bridger Management, LLC	0.34%	67,837	$511K
9	Viking Fund Management LLC	0.34%	500,000	$3.8M
10	Mubadala Investment Co PJSC	0.31%	14,206,376	$107.1M
11	Wolf Hill Capital Management, LP	0.24%	374,896	$2.8M
12	nVerses Capital, LLC	0.22%	18,651	$141K
13	Sourcerock Group LLC	0.21%	538,230	$4.1M
14	O'Brien Greene & Co. Inc	0.18%	87,968	$663K
15	Yaupon Capital Management LP	0.15%	1,003,907	$7.6M
16	Genesis Financial Group, LLC	0.13%	27,000	$204K
17	Hourglass Capital, LLC	0.09%	55,814	$421K
18	Headlands Technologies LLC	0.09%	115,782	$873K
19	Optimize Financial INC.	0.09%	32,155	$242K
20	Westwood Holdings Group Inc	0.08%	1,412,509	$10.7M
21	Prelude Capital Management, LLC	0.06%	116,301	$877K
22	NEOS Investment Management LLC	0.06%	2,158,224	$16.3M
23	Sound Capital Solutions LLC	0.06%	32,155	$242K
24	Ironwood Investment Management LLC	0.05%	19,921	$150K
25	Hotchkis & Wiley Capital Management LLC	0.05%	2,130,800	$16.1M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Nextdecade Corp (NEXT)

What does the Smart Money Trend signal show for NEXT?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NEXT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NEXT?

Slight buying edge — 59% buying: Last quarter: 141 funds bought or added vs 96 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NEXT holders?

Elite ownership — 52% AUM from top-100 funds: 40 of 208 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in NEXT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NEXT?

42% of holders stayed for 2+ years: 90 out of 213 hedge funds have held NEXT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Nextdecade Corp (NEXT) following the 2026 Q2 hedge fund 13F filings?

As of today, NEXT has moved -4.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to +3.9% for the XLE sector ETF — an outperformance of -8.4%. Since the quarter end (June 30, 2026), NEXT has gained -8.9% vs +21.1% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Nextdecade Corp (NEXT)

Smart Money Signals — NEXT

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +21% more funds vs a year ago

Slight buying edge — 59% buying

Fewer new buyers each quarter (-17 vs last Q)

42% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 48% veterans vs 35% newcomers

Elite ownership — 52% AUM from top-100 funds

Institutional Sentiment Summary — NEXT

Hedge Fund Ownership: NEXT

Market Analysis: NEXT

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NEXT

Is It Too Late to Buy Nextdecade Corp (NEXT) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: NEXT

Statistics: NEXT

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Nextdecade Corp (NEXT)

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