NEXT NEXTDECADE CORP
COMMON
CUSIP: 65342K105
FIGI: BBG008GC7VW7
Institutional Holders186
Total Institutional Value$622,980,383
Total Shares Held118,530,591
Avg Position$3,349,357
Top 5 Holders %50.1%
Alpha-Weighted Score66.6
New Positions+31
Exited Positions-37
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $111,873,378 (18.0%) | 21,228,345 | -21.9% |
| MUBADALA INVESTMENT CO PJSC | High Conviction | Moderate Flow | $74,867,602 (12.0%) | 14,206,376 | -22.4% |
| HALCYON MANAGEMENT HOLDINGS LP | Elite Conviction | Minimal Flow | $48,878,691 (7.8%) | 9,274,894 | NEW |
| VANGUARD GROUP INC | High Conviction | Market Mover | $48,593,869 (7.8%) | 9,220,848 | -31.1% |
| YAUPON CAPITAL MANAGEMENT LP | High Conviction | Low Flow | $27,583,054 (4.4%) | 5,233,976 | 21.0% |
| CATALYST CAPITAL ADVISORS LLC | High Conviction | Low Flow | $24,466,038 (3.9%) | 4,642,512 | -22.4% |
| WOLF HILL CAPITAL MANAGEMENT, LP | High Conviction | Minimal Flow | $19,492,976 (3.1%) | 3,698,857 | -51.1% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $18,222,483 (2.9%) | 3,457,163 | -21.3% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $16,373,194 (2.6%) | 3,106,868 | -35.4% |
| STATE STREET CORP | High Conviction | Market Mover | $15,402,081 (2.5%) | 2,922,596 | -21.4% |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | High Conviction | Moderate Flow | $13,855,589 (2.2%) | 2,629,144 | 4.9% |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $12,834,342 (2.1%) | 2,435,359 | 1,580.7% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $11,590,184 (1.9%) | 2,199,276 | -13.8% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $10,763,559 (1.7%) | 2,042,421 | 139.6% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $9,940,838 (1.6%) | 1,886,307 | -55.5% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | High Conviction | Significant Flow | $9,401,675 (1.5%) | 1,783,999 | -2.8% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $8,834,290 (1.4%) | 1,676,336 | 37.9% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $7,319,693 (1.2%) | 1,388,936 | -40.7% |
| WESTWOOD HOLDINGS GROUP INC | High Conviction | Moderate Flow | $6,954,613 (1.1%) | 1,319,661 | -65.6% |
| Ripple Effect Asset Management LP | High Conviction | Minimal Flow | $6,851,000 (1.1%) | 1,300,000 | NEW |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $6,088,220 (1.0%) | 1,155,260 | -62.3% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $5,514,465 (0.9%) | 1,046,388 | 19.1% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $5,503,182 (0.9%) | 1,044,247 | -27.3% |
| Nuveen, LLC | High Conviction | Market Mover | $4,885,085 (0.8%) | 926,961 | -49.8% |
| SL ADVISORS, LLC | High Conviction | Minimal Flow | $4,863,625 (0.8%) | 922,889 | -22.8% |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $4,819,009 (0.8%) | 914,423 | -10.2% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $4,803,199 (0.8%) | 911,423 | - |
| BARCLAYS PLC | High Conviction | Market Mover | $3,787,075 (0.6%) | 718,610 | 191.2% |
| GROUP ONE TRADING, L.P. | Moderate Conviction | Significant Flow | $3,463,407 (0.6%) | 657,193 | -43.0% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $3,418,074 (0.5%) | 648,591 | -36.2% |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | High Conviction | Moderate Flow | $3,384,299 (0.5%) | 642,182 | -5.9% |
| EMPOWERED FUNDS, LLC | Moderate Conviction | Significant Flow | $3,365,916 (0.5%) | 638,694 | 202.2% |
| TUDOR INVESTMENT CORP ET AL | Moderate Conviction | Significant Flow | $3,316,643 (0.5%) | 629,344 | -46.5% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $3,257,714 (0.5%) | 618,162 | 140.3% |
| NOMURA HOLDINGS INC | Moderate Conviction | Significant Flow | $2,998,846 (0.5%) | 569,041 | -5.0% |
| WEBS CREEK CAPITAL MANAGEMENT LP | Elite Conviction | Minimal Flow | $2,870,706 (0.5%) | 544,726 | 69.3% |
| SOURCEROCK GROUP LLC | Elite Conviction | Low Flow | $2,107,889 (0.3%) | 399,979 | NEW |
| CAPITAL FUND MANAGEMENT S.A. | Moderate Conviction | Significant Flow | $2,050,340 (0.3%) | 389,059 | NEW |
| ALPS ADVISORS INC | High Conviction | Moderate Flow | $2,001,209 (0.3%) | 379,736 | -8.3% |
| WALLEYE TRADING ADVISORS, LLC | Moderate Conviction | Significant Flow | $1,965,694 (0.3%) | 372,997 | 441.3% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $1,882,038 (0.3%) | 357,123 | -24.6% |
| WALLEYE TRADING LLC | Moderate Conviction | Significant Flow | $1,808,664 (0.3%) | 343,200 | 756.5% |
| UBS Group AG | Moderate Conviction | Market Mover | $1,807,362 (0.3%) | 342,953 | -51.7% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $1,563,704 (0.3%) | 296,718 | 27.5% |
| TWINBEECH CAPITAL LP | Moderate Conviction | Moderate Flow | $1,494,045 (0.2%) | 283,500 | -30.4% |
| JUMP FINANCIAL, LLC | High Conviction | Significant Flow | $1,429,619 (0.2%) | 271,275 | 78.5% |
| VERITION FUND MANAGEMENT LLC | High Conviction | Significant Flow | $1,423,327 (0.2%) | 270,081 | -21.8% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $1,406,994 (0.2%) | 266,982 | -25.3% |
| SCOGGIN MANAGEMENT LP | High Conviction | Minimal Flow | $1,317,500 (0.2%) | 250,000 | -22.4% |
| Limestone Investment Advisors LP | Moderate Conviction | Low Flow | $1,241,791 (0.2%) | 235,634 | -22.4% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $1,226,540 (0.2%) | 232,740 | 26.2% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $1,225,275 (0.2%) | 232,500 | -20.7% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $953,380 (0.2%) | 180,907 | 33.8% |
| AVENTAIL CAPITAL GROUP, LP | High Conviction | Low Flow | $951,045 (0.2%) | 180,464 | -36.0% |
| BOOTHBAY FUND MANAGEMENT, LLC | Moderate Conviction | Moderate Flow | $947,567 (0.2%) | 179,804 | 61.6% |
| SIMPLEX TRADING, LLC | Moderate Conviction | Market Mover | $940,357 (0.2%) | 178,436 | 862,612.8% |
| CAPTION MANAGEMENT, LLC | Moderate Conviction | Significant Flow | $922,250 (0.1%) | 175,000 | NEW |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $885,008 (0.1%) | 167,935 | -33.1% |
| IMC-CHICAGO, LLC | Moderate Conviction | Significant Flow | $873,255 (0.1%) | 165,703 | -34.3% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $872,095 (0.1%) | 165,483 | - |
| MML INVESTORS SERVICES, LLC | High Conviction | Significant Flow | $741,489 (0.1%) | 140,700 | 48.6% |
| NEOS INVESTMENT MANAGEMENT LLC | High Conviction | Significant Flow | $727,829 (0.1%) | 138,108 | NEW |
| CORIENT PRIVATE WEALTH LLC | High Conviction | Market Mover | $677,396 (0.1%) | 137,078 | -31.1% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $643,045 (0.1%) | 122,020 | -22.4% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $634,750 (0.1%) | 120,446 | -16.0% |
| JAFFETILCHIN INVESTMENT PARTNERS, LLC | High Conviction | Low Flow | $613,270 (0.1%) | 116,370 | NEW |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $569,055 (0.1%) | 107,980 | -23.1% |
| ELCO MANAGEMENT CO., LLC | High Conviction | Minimal Flow | $567,110 (0.1%) | 107,611 | -60.0% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $562,519 (0.1%) | 106,740 | -16.7% |
| CASTLEARK MANAGEMENT LLC | High Conviction | Moderate Flow | $559,938 (0.1%) | 106,250 | -22.4% |
| DARK FOREST CAPITAL MANAGEMENT LP | High Conviction | Moderate Flow | $492,756 (0.1%) | 93,502 | -61.5% |
| HOLOCENE ADVISORS, LP | High Conviction | Significant Flow | $491,043 (0.1%) | 93,177 | 26.8% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $487,475 (0.1%) | 92,500 | -61.4% |
| BRIDGEFRONT CAPITAL, LLC | Moderate Conviction | Low Flow | $445,731 (0.1%) | 84,579 | NEW |
| Invesco Ltd. | Moderate Conviction | Market Mover | $435,918 (0.1%) | 82,717 | -18.4% |
| SEI INVESTMENTS CO | High Conviction | Market Mover | $435,608 (0.1%) | 82,658 | -21.4% |
| QUANTINNO CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $410,976 (0.1%) | 77,984 | -3.5% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $373,464 (0.1%) | 70,866 | -33.3% |
| BRIDGER MANAGEMENT, LLC | High Conviction | Minimal Flow | $357,501 (0.1%) | 67,837 | -22.4% |
| AQUATIC CAPITAL MANAGEMENT LLC | Moderate Conviction | Moderate Flow | $357,021 (0.1%) | 67,746 | NEW |
| XTX TOPCO LTD | Moderate Conviction | Moderate Flow | $343,341 (0.1%) | 65,150 | NEW |
| METLIFE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $331,667 (0.1%) | 62,935 | -31.7% |
| NEW YORK STATE COMMON RETIREMENT FUND | High Conviction | Market Mover | $323,889 (0.1%) | 61,459 | -94.0% |
| Blackstone Inc. | High Conviction | Moderate Flow | $313,133 (0.1%) | 59,418 | -17.4% |
| BREVAN HOWARD CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $307,452 (0.0%) | 58,340 | -63.7% |
| CAPTRUST FINANCIAL ADVISORS | High Conviction | Significant Flow | $297,755 (0.0%) | 56,500 | -23.7% |
| JANUS HENDERSON GROUP PLC | High Conviction | Market Mover | $296,093 (0.0%) | 56,238 | -22.5% |
| MERCER GLOBAL ADVISORS INC /ADV | High Conviction | Significant Flow | $293,644 (0.0%) | 55,720 | -15.3% |
| MILITIA CAPITAL PARTNERS, LP | High Conviction | Minimal Flow | $288,796 (0.0%) | 54,800 | NEW |
| INTECH INVESTMENT MANAGEMENT LLC | High Conviction | Significant Flow | $276,427 (0.0%) | 52,453 | -22.4% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $250,751 (0.0%) | 47,581 | -32.9% |
| VIRGINIA RETIREMENT SYSTEMS ET AL | High Conviction | Moderate Flow | $246,183 (0.0%) | 46,714 | -72.6% |
| AQR CAPITAL MANAGEMENT LLC | High Conviction | Market Mover | $217,340 (0.0%) | 41,241 | 62.7% |
| QUADRATURE CAPITAL LTD | Moderate Conviction | Significant Flow | $196,560 (0.0%) | 37,298 | NEW |
| MAGNETAR FINANCIAL LLC | Elite Conviction | Significant Flow | $196,481 (0.0%) | 37,283 | -24.8% |
| Police & Firemen's Retirement System of New Jersey | High Conviction | Significant Flow | $195,169 (0.0%) | 37,034 | -22.4% |
| ARIZONA STATE RETIREMENT SYSTEM | High Conviction | Significant Flow | $171,022 (0.0%) | 32,452 | -27.5% |
| JONES FINANCIAL COS LP | Elite Conviction | Market Mover | $168,740 (0.0%) | 32,019 | -6.3% |
| ZURCHER KANTONALBANK | High Conviction | Significant Flow | $165,199 (0.0%) | 31,347 | -22.4% |
| FOX RUN MANAGEMENT, L.L.C. | Moderate Conviction | Low Flow | $162,859 (0.0%) | 30,903 | 96.7% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 185 | $0.62B | 118,922,733 | $5.26 |
| Q3 25 | 194 | $0.88B | 129,298,747 | $6.81 |
| Q2 25 | 178 | $1.17B | 132,845,112 | $8.81 |
| Q1 25 | 183 | $1.05B | 137,346,163 | $7.65 |
| Q4 24 | 165 | $1.03B | 135,675,831 | $7.58 |
| Q3 24 | 145 | $0.69B | 149,155,150 | $4.65 |
| Q2 24 | 141 | $1.41B | 187,989,812 | $7.51 |
| Q1 24 | 119 | $0.99B | 185,150,961 | $5.35 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.