Nextnav Inc (NN): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Nextnav Inc (NN) following the 2026 Q1 hedge fund 13F filings?

As of today, NN has moved -23.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.8% for the XLK sector ETF — an outperformance of -32.7%. Since the quarter end (March 31, 2026), NN gained +2.0% vs +44.3% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Nextnav Inc (NN)

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

Smart Money Signals — NN

Based on 194 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 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

194 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.

📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q

+22 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 63% buying

129 buying76 selling

Last quarter: 129 funds were net buyers (39 opened a brand new position + 90 added to an existing one). Only 76 were sellers (49 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter

Funds opening a new NN position: 28 → 13 → 31 → 39. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 35% medium ■ 25% new

77 out of 194 hedge funds have held NN 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.

🚀

Acceleration phase — new buyers rushing in

40 → 28 → 13 → 31 → 39 new funds/Q

New funds entering each quarter: 28 → 13 → 31 → 39. 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.

🏛️

Veteran-anchored — 40% veterans vs 32% newcomers

■ 40% veterans ■ 28% 1-2yr ■ 32% new

Entry-cohort mix of 217 holders: 87 (40%) are 2+ year veterans, 61 entered 1–2 years ago, and 69 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds

40 of 187 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.8

out of 10

Low Exit Risk

Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 Q1)	Prior (2025 Q4)	Change
Funds Holding	193	182	6.04%
13F Shares	96M	88M	9.7%
Total Value	$1.49B	$1.46B	1.73%
New Positions	38	31	+7
Increased Positions	84	74	+10
Closed Positions	27	23	+4
Reduced Positions	39	54	-15
Total Calls	20	16	25.0%
Total Puts	10	7	42.86%
PUT/CALL Ratio	0.5	0.44	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

193

182

6.04%

13F Shares

96M

88M

9.7%

Total Value

$1.49B

$1.46B

1.73%

New Positions

Increased Positions

+10

Closed Positions

Reduced Positions

-15

Total Calls

25.0%

Total Puts

42.86%

PUT/CALL Ratio

0.5

0.44

Bullish

Institutional Holders (2026 Q1)

193 + 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:

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

Top 25 NN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Clutterbuck Capital Management LLC	91.68%	9,300,806	$150.5M
2	Fortress Investment Group LLC	57.68%	14,178,054	$227.1M
3	Milfam LLC	39.38%	2,515,213	$40.3M
4	Prentice Capital Management, LP	15.00%	427,821	$6.9M
5	Plustick Management LLC	13.21%	1,708,000	$27.4M
6	Wolf Hill Capital Management, LP	10.94%	7,040,191	$112.8M
7	Greenhaven Road Investment Management, L.P.	3.85%	349,333	$5.6M
8	Susquehanna Advisors Group, INC.	2.92%	5,550,124	$88.9M
9	Sender Co & Partners, Inc.	1.97%	202,609	$3.2M
10	Wolf Hill Capital Management, LP	1.67%	1,072,800	$17.2M
11	T3 Companies, LLC	0.92%	44,280	$709K
12	Wittenberg Investment Management, INC.	0.76%	128,300	$2.1M
13	Empyrean Capital Partners, LP	0.75%	1,432,000	$22.9M
14	Ancora Advisors LLC	0.74%	2,170,175	$34.8M
15	General American Investors Co Inc	0.65%	620,210	$9.9M
16	Cruiser Capital Advisors, LLC	0.55%	88,854	$1.4M
17	Philosophy Capital Management LLC	0.54%	550,000	$8.8M
18	Potomac Capital Management, Inc.	0.52%	37,500	$601K
19	Kitching Partners, LLC	0.52%	35,431	$568K
20	Murchinson Ltd.	0.41%	200,000	$3.2M
21	Whitefort Capital Management, LP	0.29%	60,655	$972K
22	Crawford Fund Management, LLC	0.25%	80,000	$1.3M
23	Numerai GP LLC	0.20%	124,055	$2.0M
24	Interval Partners, LP	0.18%	434,877	$7.0M
25	Sona Asset Management (us) LLC	0.18%	521,477	$8.4M

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 — 2 quarters in a row: For 2 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 — 63% buying: Last quarter: 129 funds were net buyers (39 opened a brand new position + 90 added to an existing one). Only 76 were sellers (49 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NN holders?

Strong quality — 20% AUM from major funds: 40 of 187 holders rank in the top 100 by AUM, accounting for 20% 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?

40% of holders stayed for 2+ years: 77 out of 194 hedge funds have held NN 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 Nextnav Inc (NN) following the 2026 Q1 hedge fund 13F filings?

As of today, NN has moved -23.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.8% for the XLK sector ETF — an outperformance of -32.7%. Since the quarter end (March 31, 2026), NN has gained +2.0% vs +44.3% for XLK. 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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Nextnav Inc (NN)

Smart Money Signals — NN

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Steady growth — +13% more funds vs a year ago

More buyers than sellers — 63% buying

More new buyers each quarter (+8 vs last Q)

40% of holders stayed for 2+ years

Acceleration phase — new buyers rushing in

Veteran-anchored — 40% veterans vs 32% newcomers

Strong quality — 20% AUM from major funds

Institutional Sentiment Summary — NN

Hedge Fund Ownership: NN

Market Analysis: NN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NN

Is It Too Late to Buy Nextnav Inc (NN) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: NN

Statistics: NN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Nextnav Inc (NN)

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