Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NEXT held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 23.0M | $175.9M | +8.2% | 8.668% | 0.00% |
| 2 | Mubadala Investment Co PJSC | 14.2M | $108.8M | 0.0% | 5.362% | 0.53% |
| 3 | Man Investment Partners (US) LP | 9.3M | $71.0M | 0.0% | 3.501% | 84.28% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 5.9M | $45.2M | β | 2.229% | 0.00% |
| 5 | CITADEL ADVISORS LLC | 5.2M | $40.0M | +68.0% | 1.971% | 0.02% |
| 6 | Catalyst Capital Advisors LLC | 5.2M | $40.0M | +12.4% | 1.969% | 0.74% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 4.0M | $30.8M | +16.3% | 1.518% | 0.00% |
| 8 | STATE STREET CORP | 3.5M | $27.2M | +21.4% | 1.339% | 0.00% |
| 9 | MILLENNIUM MANAGEMENT LLC | 2.6M | $19.6M | β | 0.964% | 0.01% |
| 10 | NEOS Investment Management LLC | 2.5M | $19.5M | +1741.0% | 0.960% | 0.10% |
| 11 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.4M | $18.7M | β | 0.922% | 0.00% |
| 12 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.4M | $18.6M | +10.2% | 0.915% | 0.00% |
| 13 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 1.9M | $14.5M | -27.8% | 0.717% | 0.04% |
| 14 | Caption Management, LLC | 1.9M | $14.5M | β | 0.715% | 0.14% |
| 15 | BANK OF AMERICA CORP /DE/ | 1.9M | $14.4M | -0.6% | 0.708% | 0.00% |
| 16 | CITIGROUP INC | 1.9M | $14.2M | +76.9% | 0.699% | 0.01% |
| 17 | Wolf Hill Capital Management, LP | 1.8M | $13.5M | -52.4% | 0.664% | 1.69% |
| 18 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.6M | $12.4M | -9.6% | 0.609% | 0.02% |
| 19 | TUDOR INVESTMENT CORP ET AL | 1.4M | $10.5M | +117.1% | 0.516% | 0.04% |
| 20 | WESTWOOD HOLDINGS GROUP INC | 1.4M | $10.5M | +3.5% | 0.516% | 0.08% |
| 21 | NORTHERN TRUST CORP | 1.3M | $9.8M | +22.8% | 0.484% | 0.00% |
| 22 | GOLDMAN SACHS GROUP INC | 1.2M | $9.4M | -26.6% | 0.464% | 0.00% |
| 23 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.2M | $9.4M | +5.9% | 0.462% | 0.00% |
| 24 | VANGUARD FIDUCIARY TRUST CO | 1.0M | $7.8M | β | 0.387% | 0.00% |
| 25 | SL ADVISORS, LLC | 987K | $7.6M | +7.0% | 0.372% | 12.80% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NEXT β a direct measure of their conviction.
Filings activity in NEXT during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 197 | +9.4% | 39.55% | +12.84 pp | $880M | +48% |
| Q4 2025 | 180 | 3.2% | 26.71% | 9.63 pp | $594M | 26% |
| Q3 2025 | 186 | +6.3% | 36.34% | 15.31 pp | $809M | 30% |
| Q2 2025 | 175 | 1.1% | 51.65% | +7.42 pp | $1.15B | +17% |
| Q1 2025 | 177 | +7.9% | 44.23% | +0.23 pp | $984M | +0.5% |
| Q4 2024 | 164 | +15% | 44.00% | +15.66 pp | $979M | +55% |
| Q3 2024 | 142 | +2.2% | 28.34% | 26.31 pp | $631M | 48% |
| Q2 2024 | 139 | β | 54.65% | β | $1.22B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NEXT stock.
Based on Q1 2026 13F filings, institutional ownership of NextDecade Corporation stands at 39.6%, held across 197 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NEXT, with approximately 22,963,355 shares worth $0.18B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of NEXT, including CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for NEXT is 74 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
59 institutions opened new positions in NEXT during Q1 2026, while 42 fully exited. 125 added to existing positions and 12 trimmed.
NEXT institutional ownership rose by 12.84 percentage points quarter-over-quarter, with a net change of +17 holders.
The top 10 institutions account for 65.7% of all reported 13F value in NEXT, and the top 25 account for 86.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
NextDecade Corporation (NEXT) Institutional Ownership