Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nextnav Inc (NN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +42
Streak
3Q ▲
Buyers last Q
67%

Smart Money Signals — NN

Based on 237 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added NN 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
237 hedge funds hold NN 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 — +32% more funds vs a year ago

fund count last 6Q
+58 new funds entered over the past year (+32% 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.
🟢

More buyers than sellers — 67% buying

163 buying80 selling
Last quarter: 163 funds were net buyers (59 opened a brand new position + 104 added to an existing one). Only 80 were sellers (63 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new NN position: 13 → 31 → 40 → 59. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 38% long-term, 35% new

■ 38% conviction (2yr+) ■ 27% medium ■ 35% new
Of the 237 current holders: 91 (38%) held >2 years, 64 held 1–2 years, and 82 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +39% but shares only +21% — price-driven

Value
+39%
Shares
+21%
Last quarter: the total dollar value of institutional holdings rose +39%, but actual share count only changed +21%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

29 → 13 → 31 → 40 → 59 new funds/Q
New funds entering each quarter: 13 → 31 → 40 → 59. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
📊

Mixed cohorts — 39% veterans, 36% new entrants

■ 39% veterans ■ 25% 1-2yr ■ 36% new
Of 267 current holders: 103 (39%) held 2+ years, 67 held 1–2 years, 97 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 30% AUM from major funds

30% from top-100 AUM funds
43 of 228 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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.

Institutional Sentiment Summary — NN

In 2026 Q2, 163 hedge funds were net buyers of NN (59 opened a new position, 104 added to an existing one), while 80 reduced or exited (63 trimmed, 17 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 30% of total institutional value in NN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +42 funds (more new holders than closures). Total institutional holders: 237.

Hedge Fund Ownership: NN

How many hedge funds hold NN — quarterly history vs. share price
Quarterly hedge fund ownership of NN vs. share price

Market Analysis: NN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 5 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
5.3
/ 10
conviction
Hedge Fund Positioning: NN
226 + Investors

Track Smart Money conviction in NN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 226 195 15.9%
13F Shares 115M 96M 19.43%
Total Value $1.99B $1.49B 33.45%
New Positions 59 40 +19
Increased Positions 97 84 +13
Closed Positions 19 28 -9
Reduced Positions 53 39 +14
Total Calls 29 20 45.0%
Total Puts 10 10 -
PUT/CALL Ratio 0.34 0.5 Bullish

Statistics: NN

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

226 + investors

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

QUARTER:
Top 25 NN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Clutterbuck Capital Management LLC 90.61% 8,964,292 $159.8M
2 Fortress Investment Group LLC 61.04% 18,167,792 $323.9M
3 Milfam LLC 45.45% 3,267,920 $58.3M
4 Prentice Capital Management, LP 14.83% 439,735 $7.8M
5 Plustick Management LLC 8.29% 1,250,000 $22.3M
6 Whitefort Capital Management, LP 7.01% 1,596,116 $28.5M
7 Greenhaven Road Investment Management, L.P. 5.09% 439,463 $7.8M
8 Wolf Hill Capital Management, LP 4.08% 2,738,547 $48.8M
9 Warberg Asset Management LLC 2.78% 859,839 $15.3M
10 Susquehanna Advisors Group, INC. 1.72% 5,550,124 $99.0M
11 Potrero Capital Research LLC 1.44% 145,000 $2.6M
12 AYAL Capital Advisors Ltd 1.36% 281,600 $5.0M
13 T3 Companies, LLC 1.09% 57,000 $1.0M
14 Wittenberg Investment Management, INC. 1.08% 176,800 $3.2M
15 Potomac Capital Management, Inc. 0.96% 78,950 $1.4M
16 PointState Capital LP 0.86% 3,790,000 $67.6M
17 Garnet Equity Capital Holdings, INC. 0.84% 250,000 $4.5M
18 Kitching Partners, LLC 0.76% 49,711 $886K
19 PointState Capital LP 0.71% 3,114,953 $55.5M
20 General American Investors Co Inc 0.69% 649,814 $11.6M
21 Garnet Equity Capital Holdings, INC. 0.67% 200,000 $3.6M
22 Garnet Equity Capital Holdings, INC. 0.67% 200,000 $3.6M
23 Cruiser Capital Advisors, LLC 0.67% 60,508 $1.1M
24 Kelly Financial Group LLC 0.61% 153,549 $2.7M
25 VARCOV Co. 0.60% 88,791 $1.6M
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 — Nextnav Inc (NN)

What does the Smart Money Trend signal show for NN?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added NN 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 NN?

More buyers than sellers — 67% buying: Last quarter: 163 funds were net buyers (59 opened a brand new position + 104 added to an existing one). Only 80 were sellers (63 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NN holders?

Strong quality — 30% AUM from major funds: 43 of 228 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NN?

Mixed — 38% long-term, 35% new: Of the 237 current holders: 91 (38%) held >2 years, 64 held 1–2 years, and 82 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →