Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NEXTDECADE CORP (NEXT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — NEXT

Based on 181 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NEXT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
181 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.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+22 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

111 buying91 selling
Last quarter: 111 funds bought or added vs 91 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.
➡️

Steady new buyers — ~37 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 40 → 20 → 36 → 37. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 29% medium ■ 27% new
81 out of 181 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.
💎

Buying through price weakness — shares +10%, value -72%

Value
-71%
Shares
+10%
Last quarter: funds added +10% more shares while total portfolio value only changed -72%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

36 → 40 → 20 → 36 → 37 new funds/Q
New funds entering each quarter: 40 → 20 → 36 → 37. A growing number of institutions are discovering NEXT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 51% of holders stayed 2+ years

■ 51% veterans ■ 19% 1-2yr ■ 30% new
Of 201 current holders: 103 (51%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
29 of 181 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.

Hedge Fund Ownership: NEXT

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

Market Analysis: NEXT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NEXT

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

31 top-rated funds 3 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: NEXT
2026 Q1 Stats Unlock in 11 days 201 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 201 196 2.55%
13F Shares 132M 120M 10.36%
Total Value $718M $2.54B -71.7%
New Positions 40 37 +3
Increased Positions 109 84 +25
Closed Positions 40 23 +17
Reduced Positions 59 86 -27
Total Calls 16 10 60.0%
Total Puts 7 6 16.67%
PUT/CALL Ratio 0.44 0.6 Bullish

Statistics: NEXT

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 Q1)

201 + investors

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

Top 25 institutional holders of NEXT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 VALINOR MANAGEMENT, L.P. 100.00% 4,735,065 $32.2M
2 SL ADVISORS, LLC 12.80% 986,992 $7.6M
3 ELCO Management Co., LLC 0.84% 228,336 $1.7M
4 Catalyst Capital Advisors LLC 0.74% 5,216,592 $40.0M
5 VIKING FUND MANAGEMENT LLC 0.35% 450,000 $3.4M
6 Central Asset Investments & Management Holdings (HK) Ltd 0.23% 33,000 $253K
7 M.E. ALLISON & CO., INC. 0.15% 28,700 $220K
8 GSA CAPITAL PARTNERS LLP 0.11% 232,338 $2K
9 HOURGLASS CAPITAL, LLC 0.09% 55,814 $428K
10 NAVELLIER & ASSOCIATES INC 0.04% 50,000 $383K
11 Diesslin Group, Inc. 0.03% 10,000 $77K
12 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.03% 644,417 $4.9M
13 COLLECTIVE FAMILY OFFICE LLC 0.03% 15,161 $116K
14 DRIVE WEALTH MANAGEMENT, LLC 0.02% 13,540 $104K
15 Inscription Capital, LLC 0.02% 27,088 $207K
16 CenterBook Partners LP 0.02% 40,210 $308K
17 ALPS ADVISORS INC 0.01% 367,948 $2.8M
18 Moors & Cabot, Inc. 0.01% 24,330 $186K
19 NORDEN GROUP LLC 0.01% 10,741 $82K
20 Bleakley Financial Group, LLC 0.01% 62,916 $482K
21 EARNED WEALTH ADVISORS, LLC 0.01% 12,148 $93K
22 Simplicity Wealth,LLC 0.01% 11,832 $91K
23 Versant Capital Management, Inc 0.00% 5,840 $45K
24 Police & Firemen's Retirement System of New Jersey 0.00% 47,397 $363K
25 INTECH INVESTMENT MANAGEMENT LLC 0.00% 40,210 $308K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NEXT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NEXT?

Slight buying edge — 55% buying: Last quarter: 111 funds bought or added vs 91 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?

Strong quality — 20% AUM from major funds: 29 of 181 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 NEXT?

45% of holders stayed for 2+ years: 81 out of 181 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.

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.