Who owns NextDecade Corporation (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-Q1 13F filings (latest filed 2026-05-18). 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
The tracked-fund tape on NEXT is one-sided between 2025-Q4 and 2026-Q1: 72 added or opened and 21 trimmed or exited — on balance accumulating.
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 gap the other way — the median holder sizes NEXT more heavily than its largest holder by dollar value does.
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 2025-Q4 and 2026-Q1, across 205 tracked filers holding NEXT, 141 increased or opened the position and 84 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 2025-Q4 and 2026-Q1 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 19
- VANGUARD CAPITAL MANAGEMENT LLC$45M
- VANGUARD PORTFOLIO MANAGEMENT LLC$19M
- VANGUARD FIDUCIARY TRUST CO$8M
- Freshford Capital Management, LLC$4M
- Caption Management, LLC$4M
- VIKING FUND MANAGEMENT LLC$3M
Full exits 11
- VANGUARD GROUP INC$43M
- JANE STREET GROUP, LLC$7M
- Yaupon Capital Management LP$7M
- GROUP ONE TRADING LLC$3M
- Webs Creek Capital Management LP$3M
- TWINBEECH CAPITAL LP$1M
Largest adds
- BlackRock, Inc.$64M
- Mubadala Investment Co PJSC$34M
- Man Investment Partners (US) LP$22M
- NEOS Investment Management LLC$19M
- Catalyst Capital Advisors LLC$15M
- MILLENNIUM MANAGEMENT LLC$15M
Largest trims
- Wolf Hill Capital Management, LP$6M
- Squarepoint Ops LLC$4M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- CITADEL ADVISORS LLC$4M
- MORGAN STANLEY$2M
- JPMORGAN CHASE & CO$2M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 22,963,355 | $176M | 16.1% | 2026-Q1 |
| Mubadala Investment Co PJSC | 14,206,376 | $109M | 10.0% | 2026-Q1 |
| Man Investment Partners (US) LP | 9,274,894 | $71M | 6.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 5,906,171 | $45M | 4.2% | 2026-Q1 |
| Catalyst Capital Advisors LLC added | 5,216,592 | $40M | 3.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,021,660 | $31M | 2.8% | 2026-Q1 |
| STATE STREET CORP added | 3,548,273 | $27M | 2.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 2,553,841 | $20M | 1.8% | 2026-Q1 |
| NEOS Investment Management LLC added | 2,542,577 | $19M | 1.8% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 2,540,155 | $19M | 1.8% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,442,575 | $19M | 1.7% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 1,899,050 | $15M | 1.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,875,287 | $14M | 1.3% | 2026-Q1 |
| CITIGROUP INC added | 1,851,512 | $14M | 1.3% | 2026-Q1 |
| Wolf Hill Capital Management, LP trimmed | 1,760,375 | $13M | 1.2% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 1,612,474 | $12M | 1.1% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC added | 1,366,088 | $10M | 1.0% | 2026-Q1 |
| Ripple Effect Asset Management LP added | 1,339,723 | $10M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,282,084 | $10M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,229,941 | $9M | 0.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,224,040 | $9M | 0.9% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 1,101,807 | $8M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,024,524 | $8M | 0.7% | 2026-Q1 |
| SL ADVISORS, LLC added | 986,992 | $8M | 0.7% | 2026-Q1 |
| Nuveen, LLC trimmed | 785,385 | $6M | 0.6% | 2026-Q1 |
| MORGAN STANLEY trimmed | 655,314 | $5M | 0.5% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 644,417 | $5M | 0.5% | 2026-Q1 |
| Sourcerock Group LLC added | 591,171 | $5M | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 587,268 | $4M | 0.4% | 2026-Q1 |
| Freshford Capital Management, LLC new | 551,100 | $4M | 0.4% | 2026-Q1 |
| Caption Management, LLC added | 491,922 | $4M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 456,828 | $3M | 0.3% | 2026-Q1 |
| VIKING FUND MANAGEMENT LLC new | 450,000 | $3M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 417,805 | $3M | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 400,846 | $3M | 0.3% | 2026-Q1 |
| Jump Financial, LLC added | 399,138 | $3M | 0.3% | 2026-Q1 |
| ALPS ADVISORS INC trimmed | 367,948 | $3M | 0.3% | 2026-Q1 |
| Empowered Funds, LLC added | 356,264 | $3M | 0.3% | 2026-Q1 |
| CLOUGH CAPITAL PARTNERS L P new | 352,759 | $3M | 0.2% | 2026-Q1 |
| UBS Group AG trimmed | 329,694 | $3M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 325,290 | $2M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 292,704 | $2M | 0.2% | 2026-Q1 |
| Aventail Capital Group, LP added | 276,625 | $2M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 239,330 | $2M | 0.2% | 2026-Q1 |
| Limestone Investment Advisors LP | 235,634 | $2M | 0.2% | 2026-Q1 |
| Swiss National Bank | 232,500 | $2M | 0.2% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 232,338 | $2M | 0.2% | 2026-Q1 |
| ELCO Management Co., LLC added | 228,336 | $2M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 218,975 | $2M | 0.2% | 2026-Q1 |
| Walleye Trading LLC trimmed | 213,902 | $2M | 0.2% | 2026-Q1 |
| Zimmer Partners, LP new | 212,500 | $2M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 201,266 | $2M | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 195,185 | $1M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 187,640 | $1M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 184,365 | $1M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 166,540 | $1M | 0.1% | 2026-Q1 |
| Verition Fund Management LLC trimmed | 172,239 | $1M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 170,729 | $1M | 0.1% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 157,889 | $1M | 0.1% | 2026-Q1 |
| Hudson Bay Capital Management LP new | 150,000 | $1M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 146,558 | $1M | 0.1% | 2026-Q1 |
| Caitong International Asset Management Co., Ltd added | 144,026 | $1M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 135,415 | $1M | 0.1% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 134,706 | $1M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 126,676 | $970K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP added | 125,237 | $959K | 0.1% | 2026-Q1 |
| Virtu Financial LLC added | 115,266 | $883K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 165,820 | $874K | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 112,545 | $862K | 0.1% | 2026-Q1 |
| Quadrature Capital Ltd added | 111,423 | $854K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 107,925 | $827K | 0.1% | 2026-Q1 |
| BARDIN HILL MANAGEMENT PARTNERS LP added | 9,274,894 | $63M | 5.8% | 2025-Q3 stale |
| VANGUARD GROUP INC trimmed | 8,103,846 | $43M | 3.9% | 2025-Q4 stale |
| VALINOR MANAGEMENT, L.P. trimmed | 4,735,065 | $32M | 2.9% | 2025-Q3 stale |
| York Capital Management Global Advisors, LLC | 4,264,298 | $29M | 2.7% | 2025-Q3 stale |
| SIR Capital Management, L.P. added | 1,656,482 | $15M | 1.4% | 2025-Q2 stale |
| TORTOISE CAPITAL ADVISORS, L.L.C. trimmed | 1,753,186 | $14M | 1.3% | 2025-Q1 stale |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC added | 1,450,000 | $13M | 1.2% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 1,389,821 | $7M | 0.7% | 2025-Q4 stale |
| RIPOSTE CAPITAL LLC trimmed | 750,000 | $7M | 0.6% | 2025-Q2 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC new | 977,916 | $7M | 0.6% | 2025-Q3 stale |
| Yaupon Capital Management LP trimmed | 1,233,976 | $7M | 0.6% | 2025-Q4 stale |
| Qube Research & Technologies Ltd added | 726,837 | $5M | 0.5% | 2025-Q3 stale |
| SCOGGIN MANAGEMENT LP trimmed | 400,000 | $4M | 0.3% | 2025-Q2 stale |
| GROUP ONE TRADING LLC trimmed | 657,193 | $3M | 0.3% | 2025-Q4 stale |
| Webs Creek Capital Management LP added | 544,726 | $3M | 0.3% | 2025-Q4 stale |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 300,000 | $2M | 0.2% | 2025-Q3 stale |
| LASRY MARC | 254,270 | $2M | 0.2% | 2025-Q3 stale |
| ALGERT GLOBAL LLC trimmed | 169,894 | $2M | 0.1% | 2025-Q2 stale |
| TWINBEECH CAPITAL LP trimmed | 283,500 | $1M | 0.1% | 2025-Q4 stale |
| RENAISSANCE TECHNOLOGIES LLC added | 188,200 | $1M | 0.1% | 2025-Q1 stale |
| Pacer Advisors, Inc. added | 266,111 | $1M | 0.1% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 189,238 | $1M | 0.1% | 2025-Q3 stale |
| Moody Aldrich Partners LLC new | 177,730 | $1M | 0.1% | 2025-Q3 stale |
| NATIXIS new | 175,000 | $1M | 0.1% | 2025-Q3 stale |
| Nebula Research & Development LLC added | 121,135 | $1M | 0.1% | 2025-Q2 stale |
| WEXFORD CAPITAL LP new | 121,686 | $947K | 0.1% | 2025-Q1 stale |
| SIMPLEX TRADING, LLC added | 178,436 | $940K | 0.1% | 2025-Q4 stale |
| Engineers Gate Manager LP added | 134,002 | $910K | 0.1% | 2025-Q3 stale |
| IMC-Chicago, LLC added | 165,703 | $873K | 0.1% | 2025-Q4 stale |
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.