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NextDecade Corp

NEXT
Exchange
Nasdaq
Industry
Natural Gas Transmisison & Distribution
SEC CIK
0001612720

No open-market purchases or sales by NextDecade Corp insiders were filed in the last 90 days; 210 institutions reported holding it in 13F filings for Q2 2026, worth $820.2M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in NextDecade Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
186
−1 vs. Q3 2025
Shares held
108.4M
−3.61M (−3.2%) vs. Q3 2025
Total value
$571.1M
−$189.3M (−24.9%) vs. Q3 2025
New holders
35
72 more added
Sold out
36
54 more reduced

7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NEXT on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 186 institutions
Q1 2021: 60 institutionsQ2 2021: 51 institutionsQ3 2021: 52 institutionsQ4 2021: 60 institutionsQ1 2022: 65 institutionsQ2 2022: 85 institutionsQ3 2022: 90 institutionsQ4 2022: 92 institutionsQ1 2023: 106 institutionsQ2 2023: 108 institutionsQ3 2023: 117 institutionsQ4 2023: 112 institutionsQ1 2024: 119 institutionsQ2 2024: 139 institutionsQ3 2024: 144 institutionsQ4 2024: 165 institutionsQ1 2025: 184 institutionsQ2 2025: 179 institutionsQ3 2025: 194 institutionsQ4 2025: 186 institutionsQ1 2026: 207 institutionsQ2 2026: 210 institutions
Value heldQ4 2025: $571.1M
Q1 2021: $231.2MQ2 2021: $392.2MQ3 2021: $250.8MQ4 2021: $222.8MQ1 2022: $466.1MQ2 2022: $385.2MQ3 2022: $561.9MQ4 2022: $570.2MQ1 2023: $582.6MQ2 2023: $962.6MQ3 2023: $724.7MQ4 2023: $804.0MQ1 2024: $974.4MQ2 2024: $1.30BQ3 2024: $639.3MQ4 2024: $996.9MQ1 2025: $995.3MQ2 2025: $1.14BQ3 2025: $793.0MQ4 2025: $571.1MQ1 2026: $854.9MQ2 2026: $820.2M
Institutions holding NEXT and their total value by quarter
QuarterHoldersValue
Q2 2026210$820.2M
Q1 2026207$854.9M
Q4 2025186$571.1M
Q3 2025194$793.0M
Q2 2025179$1.14B
Q1 2025184$995.3M
Q4 2024165$996.9M
Q3 2024144$639.3M
Q2 2024139$1.30B
Q1 2024119$974.4M
Q4 2023112$804.0M
Q3 2023117$724.7M
Q2 2023108$962.6M
Q1 2023106$582.6M
Q4 202292$570.2M
Q3 202290$561.9M
Q2 202285$385.2M
Q1 202265$466.1M
Q4 202160$222.8M
Q3 202152$250.8M
Q2 202151$392.2M
Q1 202160$231.2M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding NextDecade Corp; share changes are against Q3 2025.

Institutions holding NEXT in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Brevan Howard Capital Management LP58,340$307.5K0.01%−66,519−53.3%Reduced
Blackstone Group Inc.59,418$313.1K0.00%+3,607+6.5%Added
Nomura Holdings Inc60,441$318.5K0.00%+45,155+295.4%Added
New York State Common Retirement Fund61,459$323.9K0.00%+15,800+34.6%Added
MetLife Investment Management62,935$331.7K0.00%−8,545−12.0%Reduced
CI Private Wealth, LLC64,269$338.7K0.00%+1,616+2.6%Added
XTX Topco Ltd65,150$343.3K0.01%+65,150New
Aquatic Capital Management LLC67,746$357.0K0.01%+67,746New
Bridger Management, LLC67,837$357.5K0.23%00.0%Unchanged
Manufacturers Life Insurance Company, The70,866$373.5K0.00%−11,570−14.0%Reduced
Cito Capital Group, LLC73,000$385.0K0.11%−56,000−43.4%Reduced
Quantinno Capital Management LP77,984$411.0K0.00%+15,256+24.3%Added
SEI Investments Co82,658$435.6K0.00%+1,044+1.3%Added
Invesco Ltd.82,717$435.9K0.00%+4,008+5.1%Added
Bridgefront Capital, LLC84,579$445.7K0.11%+84,579New
Two Sigma Investments, LP92,500$487.5K0.00%−93,647−50.3%Reduced
Holocene Advisors, LP93,177$491.0K0.00%+36,126+63.3%Added
Dark Forest Capital Management LP93,502$492.8K0.02%−94,957−50.4%Reduced
Castleark Management LLC106,250$559.9K0.02%00.0%Unchanged
Capital Fund Management S.A.106,359$560.5K0.01%+106,359New
Deutsche Bank AG106,740$562.5K0.00%+7,241+7.3%Added
ELCO Management Co., LLC107,611$567.1K0.36%−100,906−48.4%Reduced
Legal & General Group Plc107,980$569.1K0.00%−951−0.9%Reduced
Jaffetilchin Investment Partners, LLC116,370$613.3K0.04%+116,370New
California State Teachers Retirement System120,446$634.8K0.00%+9,137+8.2%Added
Alliancebernstein L.P.122,020$643.0K0.00%00.0%Unchanged
Price T Rowe Associates Inc124,905$659.0K0.00%+22,475+21.9%Added
Walleye Capital LLC132,197$696.7K0.00%+131,517+19,340.7%Added
NEOS Investment Management LLC138,108$727.8K0.00%+138,108New
MML Investors Services, LLC140,700$741.5K0.00%+67,206+91.4%Added
D. E. Shaw & Co., Inc.165,483$872.1K0.00%+37,441+29.2%Added
IMC-Chicago, LLC165,703$873.3K0.02%−29,894−15.3%Reduced
Rhumbline Advisers167,935$885.0K0.00%−26,932−13.8%Reduced
Simplex Trading, LLC178,436$940.4K0.03%+162,335+1,008.2%Added
Boothbay Fund Management, LLC179,804$947.6K0.02%+93,450+108.2%Added
Aventail Capital Group, LP180,464$951.0K0.05%−38,515−17.6%Reduced
Wells Fargo & Company180,907$953.4K0.00%+76,001+72.4%Added
Swiss National Bank232,500$1.23M0.00%+4,900+2.2%Added
Ameriprise Financial Inc232,740$1.23M0.00%+89,600+62.6%Added
Limestone Investment Advisors LP235,634$1.24M0.84%00.0%Unchanged
Verition Fund Management LLC245,081$1.29M0.01%+1,988+0.8%Added
Walleye Trading LLC247,200$1.30M0.02%+247,200New
Pacer Advisors, Inc.266,111$1.40M0.00%+19,045+7.7%Added
UBS Asset Management Americas Inc266,982$1.41M0.00%−10,427−3.8%Reduced
Jump Financial, LLC271,275$1.43M0.02%+153,348+130.0%Added
Twinbeech Capital LP283,500$1.49M0.11%−32,463−10.3%Reduced
LPL Financial LLC296,718$1.56M0.00%+116,090+64.3%Added
Empowered Funds, LLC319,347$1.68M0.03%+155,293+94.7%Added
UBS Group AG342,953$1.81M0.00%−208,330−37.8%Reduced
Barclays PLC345,810$1.82M0.00%+154,244+80.5%Added
Bank of New York Mellon Corp357,123$1.88M0.00%−10,229−2.8%Reduced
Alps Advisors Inc379,736$2.00M0.01%+58,502+18.2%Added
Sourcerock Group LLC399,979$2.11M0.12%+399,979New
Webs Creek Capital Management LP544,726$2.87M0.51%+295,000+118.1%Added
Ripple Effect Asset Management LP600,000$3.16M2.52%+600,000New
Point72 Asset Management, L.P.618,162$3.26M0.01%+418,493+209.6%Added
Tudor Investment Corp Et Al629,344$3.32M0.02%−283,245−31.0%Reduced
Fort Washington Investment Advisors Inc642,182$3.38M0.02%+112,300+21.2%Added
JPMorgan Chase & Co648,591$3.42M0.00%+254,115+64.4%Added
Group One Trading, L.P.657,193$3.46M0.10%−237,199−26.5%Reduced
Millennium Management LLC886,123$4.67M0.00%+178,323+25.2%Added
Squarepoint Ops LLC891,823$4.70M0.01%+101,814+12.9%Added
SL Advisors, LLC922,889$4.86M9.96%−4,495−0.5%Reduced
Nuveen, LLC926,961$4.89M0.00%−506,147−35.3%Reduced
Northern Trust Corp1,044,247$5.50M0.00%−70,114−6.3%Reduced
Citigroup Inc1,046,388$5.51M0.00%+364,484+53.5%Added
Susquehanna International Group, LLP1,060,576$5.59M0.01%+499,940+89.2%Added
Charles Schwab Investment Management Inc1,155,260$6.09M0.00%+4,961+0.4%Added
Yaupon Capital Management LP1,233,976$6.50M0.32%−2,122,309−63.2%Reduced
Westwood Holdings Group Inc.1,319,661$6.95M0.06%−10,864−0.8%Reduced
Morgan Stanley1,388,936$7.32M0.00%−428,066−23.6%Reduced
Jane Street Group, LLC1,389,821$7.32M0.01%+973,023+233.5%Added
Citadel Advisors LLC1,634,668$8.61M0.01%−1,378,165−45.7%Reduced
Goldman Sachs Group Inc1,676,336$8.83M0.00%+732,550+77.6%Added
Mirae Asset Global ETFs Holdings Ltd.1,783,999$9.40M0.01%+358,999+25.2%Added
Bank of America Corp1,886,307$9.94M0.00%+239,907+14.6%Added
Balyasny Asset Management LLC2,267,259$11.9M0.02%+2,189,095+2,800.6%Added
Hotchkis & Wiley Capital Management LLC2,629,144$13.9M0.04%+683,350+35.1%Added
State Street Corp2,922,596$15.4M0.00%+35,445+1.2%Added
Geode Capital Management, LLC3,457,163$18.2M0.00%+45,757+1.3%Added
Wolf Hill Capital Management, LP3,698,857$19.5M2.27%+761,299+25.9%Added
Catalyst Capital Advisors LLC4,642,512$24.5M0.50%00.0%Unchanged
Vanguard Group Inc9,220,848$48.6M0.00%−1,158,144−11.2%Reduced
Man Investment Partners (US) LP9,274,894$48.9M76.52%+9,274,894New
Mubadala Investment Co PJSC14,206,376$74.9M0.43%00.0%Unchanged
BlackRock, Inc.21,228,345$111.9M0.00%+123,431+0.6%Added
Bardin Hill Management Partners LP0$00.00%−9,274,894−100.0%Sold out
Valinor Management, L.P.0$00.00%−4,735,065−100.0%Sold out
Voloridge Investment Management, LLC0$00.00%−977,916−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−726,837−100.0%Sold out
Adage Capital Partners GP, L.L.C.0$00.00%−300,000−100.0%Sold out
Quantbot Technologies LP0$00.00%−230,499−100.0%Sold out
Moody Aldrich Partners LLC0$00.00%−177,730−100.0%Sold out
Natixis0$00.00%−175,000−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−140,283−100.0%Sold out
Engineers Gate Manager LP0$00.00%−134,002−100.0%Sold out
Brown Advisory Inc0$00.00%−62,667−100.0%Sold out
Spears Abacus Advisors LLC0$00.00%−60,400−100.0%Sold out
Cambria Investment Management, L.P.0$00.00%−59,638−100.0%Sold out
Skopos Labs, Inc.0$00.00%−41,978−100.0%Sold out