Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NEXTNAV INC (NN)

198 + 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
↑ +8
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — NN

Based on 177 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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
177 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 — +21% more funds vs a year ago

fund count last 6Q
+31 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 — 57% buying

108 buying81 selling
Last quarter: 108 funds bought or added vs 81 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.
📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter
Funds opening a new NN position: 40 → 27 → 13 → 31. 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, 24% new

■ 38% conviction (2yr+) ■ 38% medium ■ 24% new
Of the 177 current holders: 68 (38%) held >2 years, 67 held 1–2 years, and 42 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 +29% but shares only +11% — price-driven

Value
+29%
Shares
+10%
Last quarter: the total dollar value of institutional holdings rose +29%, but actual share count only changed +11%. 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.
📊

Peak discovery — momentum slowing

37 → 40 → 27 → 13 → 31 new funds/Q
New funds entering each quarter: 40 → 27 → 13 → 31. NN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 42% of holders stayed 2+ years

■ 42% veterans ■ 22% 1-2yr ■ 36% new
Of 198 current holders: 84 (42%) 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 — 21% AUM from major funds

21% from top-100 AUM funds
28 of 177 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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: 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.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

36 top-rated funds 2 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: NN
2026 Q1 Stats Unlock in 10 days 198 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 198 189 4.76%
13F Shares 87M 79M 10.78%
Total Value $1.46B $1.13B 29.13%
New Positions 33 13 +20
Increased Positions 101 98 +3
Closed Positions 25 16 +9
Reduced Positions 83 86 -3
Total Calls 16 15 6.67%
Total Puts 7 8 -12.5%
PUT/CALL Ratio 0.44 0.53 Bullish

Statistics: NN

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

198 + investors

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

Top 25 institutional holders of NN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 MILFAM LLC 39.38% 2,515,213 $40.3M
2 T3 Companies, LLC 0.92% 44,280 $709K
3 GENERAL AMERICAN INVESTORS CO INC 0.65% 620,210 $9.9M
4 KITCHING PARTNERS, LLC 0.52% 35,431 $568K
5 FNY Investment Advisers, LLC 0.16% 23,391 —
6 DELTEC ASSET MANAGEMENT LLC 0.10% 35,000 $561K
7 Park Edge Advisors, LLC 0.08% 22,542 $361K
8 Leelyn Smith, LLC 0.05% 20,358 $326K
9 STEEL GROVE CAPITAL ADVISORS, LLC 0.04% 23,871 $382K
10 Wharton Business Group, LLC 0.03% 56,360 $903K
11 Obermeyer Wealth Partners 0.02% 32,600 $522K
12 Steward Partners Investment Advisory, LLC 0.02% 242,078 $3.9M
13 DDD Partners, LLC 0.02% 16,870 $270K
14 Perigon Wealth Management, LLC 0.01% 47,835 $766K
15 Spire Wealth Management 0.01% 13,400 $215K
16 COMMONWEALTH EQUITY SERVICES, LLC 0.01% 323,172 $5.2M
17 Bleakley Financial Group, LLC 0.01% 27,072 $434K
18 UBS Group AG 0.01% 2,622,598 $42.0M
19 Cambridge Investment Research Advisors, Inc. 0.01% 147,252 $2K
20 Obermeyer Wealth Partners 0.00% 16,500 $99K
21 INTECH INVESTMENT MANAGEMENT LLC 0.00% 27,942 $448K
22 Police & Firemen's Retirement System of New Jersey 0.00% 26,732 $428K
23 OPPENHEIMER & CO INC 0.00% 15,105 $242K
24 BLAIR WILLIAM & CO/IL 0.00% 57,000 $913K
25 VANGUARD FIDUCIARY TRUST CO 0.00% 623,129 $10.0M
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 — 1 quarter in a row: For 1 consecutive quarter, 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?

Slight buying edge — 57% buying: Last quarter: 108 funds bought or added vs 81 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 NN holders?

Strong quality — 21% AUM from major funds: 28 of 177 holders rank in the top 100 by AUM, accounting for 21% 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, 24% new: Of the 177 current holders: 68 (38%) held >2 years, 67 held 1–2 years, and 42 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.