Who owns NextDecade (NEXT)
Which tracked institutional funds hold NEXT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NEXT company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
33 tracked funds added or opened NEXT while 39 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NEXT’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NEXT divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 204 tracked filers holding NEXT, 131 increased or opened the position and 87 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NEXT between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 5
- Kestra Advisory Services, LLC$11M
- Yaupon Capital Management LP$8M
- JANE STREET GROUP, LLC$3M
- Mariner, LLC$690K
- O'Brien Greene & Co. Inc$663K
Full exits 14
- Ripple Effect Asset Management LP$10M
- Point72 Asset Management, L.P.$3M
- Jump Financial, LLC$3M
- CLOUGH CAPITAL PARTNERS L P$3M
- Aventail Capital Group, LP$2M
- Limestone Investment Advisors LP$2M
Largest adds
- JPMORGAN CHASE & CO$9M
- AQR CAPITAL MANAGEMENT LLC$6M
- Freshford Capital Management, LLC$5M
- BlackRock, Inc.$4M
- Man Group plc$2M
- MORGAN STANLEY$2M
Largest trims
- CITIGROUP INC$14M
- Wolf Hill Capital Management, LP$11M
- TUDOR INVESTMENT CORP ET AL$8M
- GOLDMAN SACHS GROUP INC$7M
- BALYASNY ASSET MANAGEMENT L.P.$5M
- CITADEL ADVISORS LLC$4M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 23,820,718 | $180M | 22.5% | 2026-Q2 |
| Mubadala Investment Co PJSC | 14,206,376 | $107M | 13.4% | 2026-Q2 |
| Man Investment Partners (US) LP | 9,274,894 | $70M | 8.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 5,530,334 | $42M | 5.2% | 2026-Q2 |
| Catalyst Capital Advisors LLC | 5,216,592 | $39M | 4.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,251,461 | $32M | 4.0% | 2026-Q2 |
| STATE STREET CORP added | 3,799,466 | $29M | 3.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 2,483,302 | $19M | 2.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 2,254,323 | $17M | 2.1% | 2026-Q2 |
| NEOS Investment Management LLC trimmed | 2,158,224 | $16M | 2.0% | 2026-Q2 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 2,130,800 | $16M | 2.0% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 1,926,956 | $15M | 1.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,911,869 | $14M | 1.8% | 2026-Q2 |
| Kestra Advisory Services, LLC new | 1,464,047 | $11M | 1.4% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 1,461,169 | $11M | 1.4% | 2026-Q2 |
| WESTWOOD HOLDINGS GROUP INC added | 1,412,509 | $11M | 1.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,349,621 | $10M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,339,554 | $10M | 1.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,237,688 | $9M | 1.2% | 2026-Q2 |
| Freshford Capital Management, LLC added | 1,180,872 | $9M | 1.1% | 2026-Q2 |
| Yaupon Capital Management LP trimmed | 1,003,907 | $8M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 937,490 | $7M | 0.9% | 2026-Q2 |
| MORGAN STANLEY added | 909,054 | $7M | 0.9% | 2026-Q2 |
| SL ADVISORS, LLC trimmed | 825,378 | $6M | 0.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 816,570 | $6M | 0.8% | 2026-Q2 |
| Nuveen, LLC trimmed | 765,174 | $6M | 0.7% | 2026-Q2 |
| Sourcerock Group LLC trimmed | 538,230 | $4M | 0.5% | 2026-Q2 |
| VIKING FUND MANAGEMENT LLC added | 500,000 | $4M | 0.5% | 2026-Q2 |
| Bank of New York Mellon Corp added | 479,179 | $4M | 0.5% | 2026-Q2 |
| LPL Financial LLC trimmed | 398,097 | $3M | 0.4% | 2026-Q2 |
| UBS Group AG added | 386,353 | $3M | 0.4% | 2026-Q2 |
| Man Group plc added | 383,988 | $3M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 379,344 | $3M | 0.4% | 2026-Q2 |
| Empowered Funds, LLC added | 378,254 | $3M | 0.4% | 2026-Q2 |
| Wolf Hill Capital Management, LP trimmed | 374,896 | $3M | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 372,226 | $3M | 0.4% | 2026-Q2 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ trimmed | 370,831 | $3M | 0.4% | 2026-Q2 |
| ALPS ADVISORS INC trimmed | 358,511 | $3M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 327,509 | $2M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 308,049 | $2M | 0.3% | 2026-Q2 |
| Swiss National Bank added | 292,400 | $2M | 0.3% | 2026-Q2 |
| ELCO Management Co., LLC added | 248,312 | $2M | 0.2% | 2026-Q2 |
| Zimmer Partners, LP added | 228,500 | $2M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 226,710 | $2M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 218,490 | $2M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 208,620 | $2M | 0.2% | 2026-Q2 |
| Quadrature Capital Ltd added | 200,351 | $2M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 198,508 | $1M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC | 187,640 | $1M | 0.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 179,582 | $1M | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 175,832 | $1M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 173,820 | $1M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 173,342 | $1M | 0.2% | 2026-Q2 |
| Walleye Trading LLC trimmed | 172,595 | $1M | 0.2% | 2026-Q2 |
| ExodusPoint Capital Management, LP added | 168,921 | $1M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 167,542 | $1M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 165,658 | $1M | 0.2% | 2026-Q2 |
| Caption Management, LLC trimmed | 153,894 | $1M | 0.1% | 2026-Q2 |
| VARCOV Co. added | 138,493 | $1M | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 138,491 | $1M | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 116,301 | $877K | 0.1% | 2026-Q2 |
| Headlands Technologies LLC added | 115,782 | $873K | 0.1% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 115,526 | $871K | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 112,944 | $843K | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 109,486 | $826K | 0.1% | 2026-Q2 |
| CASTLEARK MANAGEMENT LLC | 106,250 | $801K | 0.1% | 2026-Q2 |
| Hara Capital LLC | 105,730 | $797K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 104,525 | $788K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 102,946 | $776K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 102,940 | $776K | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 95,891 | $723K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 91,565 | $690K | 0.1% | 2026-Q2 |
| CITIGROUP INC trimmed | 90,115 | $679K | 0.1% | 2026-Q2 |
| O'Brien Greene & Co. Inc new | 87,968 | $663K | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 78,408 | $591K | 0.1% | 2026-Q2 |
| Creative Planning added | 74,077 | $559K | 0.1% | 2026-Q2 |
| BRIDGER MANAGEMENT, LLC | 67,837 | $511K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 67,204 | $507K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP added | 67,111 | $506K | 0.1% | 2026-Q2 |
| Bleakley Financial Group, LLC added | 66,760 | $503K | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 66,258 | $500K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 63,649 | $480K | 0.1% | 2026-Q2 |
| Cannell & Spears LLC added | 62,000 | $467K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 60,759 | $458K | 0.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 56,897 | $429K | 0.1% | 2026-Q2 |
| Blackstone Inc. trimmed | 56,776 | $428K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 56,238 | $423K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 56,226 | $424K | 0.1% | 2026-Q2 |
| HOURGLASS CAPITAL, LLC | 55,814 | $421K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 54,714 | $413K | 0.1% | 2026-Q2 |
| Savant Capital, LLC added | 52,603 | $400K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 49,459 | $373K | 0.0% | 2026-Q2 |
| Aquatic Capital Management LLC trimmed | 47,855 | $361K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 47,397 | $357K | 0.0% | 2026-Q2 |
| MANGROVE PARTNERS IM, LLC | 43,464 | $328K | 0.0% | 2026-Q2 |
| IEQ CAPITAL, LLC new | 42,643 | $322K | 0.0% | 2026-Q2 |
| ARIZONA STATE RETIREMENT SYSTEM added | 40,206 | $303K | 0.0% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. new | 37,490 | $283K | 0.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 35,190 | $281K | 0.0% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC added | 33,365 | $252K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.