NEXT US Equity

NextDecade Corp

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Utilities · Natural Gas Transmisison & Distribution · CIK 1612720 · FYE 1231

$6.34

+0.20 (+3.26%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding NEXT · 2026-Q1 methodology → sources →

205 holders

% of shares outstanding held

42.0%

Shares held (13F)

111,223,171

Reporting holders

205

Top holders

largest 100 of 205 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	22,963,35523.0M	$176M	8.67%	ADD 8%
2	Mubadala Investment Co PJSC	14,206,37614.2M	$109M	5.36%	—
3	Man Investment Partners (US) LP	9,274,8949.3M	$71M	3.50%	—
4	VANGUARD CAPITAL MANAGEMENT LLC	5,906,1715.9M	$45M	2.23%	NEW†
5	Catalyst Capital Advisors LLC	5,216,5925.2M	$40M	1.97%	ADD 12%
6	GEODE CAPITAL MANAGEMENT, LLC	4,021,6604.0M	$31M	1.52%	ADD 16%
7	STATE STREET CORP	3,548,2733.5M	$27M	1.34%	ADD 21%
8	MILLENNIUM MANAGEMENT LLC	2,553,8412.6M	$20M	0.96%	ADD 188%
9	NEOS Investment Management LLC	2,542,5772.5M	$19M	0.96%	ADD 1741%
10	Balyasny Asset Management L.P.	2,540,1552.5M	$19M	0.96%	ADD 12%
11	VANGUARD PORTFOLIO MANAGEMENT LLC	2,442,5752.4M	$19M	0.92%	NEW
12	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	1,899,0501.9M	$15M	0.72%	TRIM -28%
13	BANK OF AMERICA CORP /DE/	1,875,2871.9M	$14M	0.71%	—
14	CITIGROUP INC	1,851,5121.9M	$14M	0.70%	ADD 77%
15	Wolf Hill Capital Management, LP	1,760,3751.8M	$13M	0.66%	TRIM -52%
16	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	1,612,4741.6M	$12M	0.61%	TRIM -10%
17	WESTWOOD HOLDINGS GROUP INC	1,366,0881.4M	$10M	0.52%	ADD 4%
18	Ripple Effect Asset Management LP	1,339,7231.3M	$10M	0.51%	ADD 123%
19	NORTHERN TRUST CORP	1,282,0841.3M	$10M	0.48%	ADD 23%
20	GOLDMAN SACHS GROUP INC	1,229,9411.2M	$9M	0.46%	TRIM -27%
21	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,224,0401.2M	$9M	0.46%	ADD 6%
22	TUDOR INVESTMENT CORP ET AL	1,101,8071.1M	$8M	0.42%	ADD 75%
23	VANGUARD FIDUCIARY TRUST CO	1,024,5241.0M	$8M	0.39%	NEW
24	SL ADVISORS, LLC	986,992986,992	$8M	0.37%	ADD 7%
25	Nuveen, LLC	785,385785,385	$6M	0.30%	TRIM -15%
26	MORGAN STANLEY	655,314655,314	$5M	0.25%	TRIM -53%
27	FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	644,417644,417	$5M	0.24%	—
28	Sourcerock Group LLC	591,171591,171	$5M	0.22%	ADD 48%
29	CITADEL ADVISORS LLC	587,268587,268	$4M	0.22%	TRIM -64%
30	Freshford Capital Management, LLC	551,100551,100	$4M	0.21%	NEW
31	Caption Management, LLC	491,922491,922	$4M	0.19%	NEW
32	Point72 Asset Management, L.P.	456,828456,828	$3M	0.17%	TRIM -26%
33	VIKING FUND MANAGEMENT LLC	450,000450,000	$3M	0.17%	NEW
34	Bank of New York Mellon Corp	417,805417,805	$3M	0.16%	ADD 17%
35	LPL Financial LLC	400,846400,846	$3M	0.15%	ADD 35%
36	Jump Financial, LLC	399,138399,138	$3M	0.15%	ADD 47%
37	ALPS ADVISORS INC	367,948367,948	$3M	0.14%	TRIM -3%
38	Empowered Funds, LLC	356,264356,264	$3M	0.13%	ADD 12%
39	CLOUGH CAPITAL PARTNERS L P	352,759352,759	$3M	0.13%	NEW
40	UBS Group AG	329,694329,694	$3M	0.12%	TRIM -4%
41	TWO SIGMA INVESTMENTS, LP	325,290325,290	$2M	0.12%	ADD 252%
42	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	292,704292,704	$2M	0.11%	ADD 10%
43	Aventail Capital Group, LP	276,625276,625	$2M	0.10%	ADD 53%
44	RAYMOND JAMES FINANCIAL INC	239,330239,330	$2M	0.09%	NEW
45	Limestone Investment Advisors LP	235,634235,634	$2M	0.09%	—
46	Swiss National Bank	232,500232,500	$2M	0.09%	—
47	GSA CAPITAL PARTNERS LLP	232,338232,338	$2M	0.09%	ADD 631%
48	ELCO Management Co., LLC	228,336228,336	$2M	0.09%	ADD 112%
49	D. E. Shaw & Co., Inc.	218,975218,975	$2M	0.08%	ADD 32%
50	Walleye Trading LLC	213,902213,902	$2M	0.08%	TRIM -13%
51	Zimmer Partners, LP	212,500212,500	$2M	0.08%	NEW
52	RHUMBLINE ADVISERS	201,266201,266	$2M	0.08%	ADD 20%
53	Quantinno Capital Management LP	195,185195,185	$1M	0.07%	ADD 150%
54	AMERIPRISE FINANCIAL INC	187,640187,640	$1M	0.07%	TRIM -19%
55	SUSQUEHANNA INTERNATIONAL GROUP, LLP	184,365184,365	$1M	0.07%	TRIM -83%
56	JPMORGAN CHASE & CO	166,540166,540	$1M	0.06%	TRIM -74%
57	Verition Fund Management LLC	172,239172,239	$1M	0.06%	TRIM -30%
58	PRICE T ROWE ASSOCIATES INC /MD/	170,729170,729	$1M	0.06%	ADD 37%
59	ExodusPoint Capital Management, LP	157,889157,889	$1M	0.06%	NEW
60	Hudson Bay Capital Management LP	150,000150,000	$1M	0.06%	NEW
61	SEI INVESTMENTS CO	146,558146,558	$1M	0.06%	ADD 77%
62	Caitong International Asset Management Co., Ltd	144,026144,026	$1M	0.05%	ADD 689%
63	DEUTSCHE BANK AG\	135,415135,415	$1M	0.05%	ADD 27%
64	BOOTHBAY FUND MANAGEMENT, LLC	134,706134,706	$1M	0.05%	TRIM -25%
65	Cetera Investment Advisers	126,676126,676	$970,338	0.05%	NEW
66	HRT FINANCIAL LP	125,237125,237	$959,000	0.05%	NEW
67	Virtu Financial LLC	115,266115,266	$883,000	0.04%	ADD 525%
68	ALLIANCEBERNSTEIN L.P.	165,820165,820	$873,871	0.06%	ADD 36%
69	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	112,545112,545	$862,095	0.04%	TRIM -7%
70	Quadrature Capital Ltd	111,423111,423	$853,500	0.04%	ADD 199%
71	Brevan Howard Capital Management LP	107,925107,925	$826,706	0.04%	ADD 85%
72	CASTLEARK MANAGEMENT LLC	106,250106,250	$813,875	0.04%	—
73	Hara Capital LLC	105,730105,730	$809,892	0.04%	NEW
74	MetLife Investment Management, LLC	95,81595,815	$733,943	0.04%	ADD 52%
75	WINTON GROUP Ltd	88,10088,100	$674,846	0.03%	NEW
76	Invesco Ltd.	87,08587,085	$667,071	0.03%	ADD 5%
77	WELLS FARGO & COMPANY/MN	84,77784,777	$649,392	0.03%	TRIM -53%
78	AQR CAPITAL MANAGEMENT LLC	84,26584,265	$645,469	0.03%	ADD 104%
79	MERCER GLOBAL ADVISORS INC /ADV	78,25678,256	$599,441	0.03%	ADD 40%
80	MANUFACTURERS LIFE INSURANCE COMPANY, THE	77,95377,953	$597,120	0.03%	ADD 10%
81	Legal & General Group Plc	77,53877,538	$593,940	0.03%	TRIM -28%
82	VANGUARD ASSET MANAGEMENT, Ltd	76,18376,183	$583,562	0.03%	NEW
83	JONES FINANCIAL COMPANIES LLLP	68,86068,860	$559,832	0.03%	ADD 115%
84	Lighthouse Investment Partners, LLC	70,00070,000	$536,200	0.03%	NEW
85	Man Group plc	69,91069,910	$535,511	0.03%	NEW
86	BRIDGER MANAGEMENT, LLC	67,83767,837	$519,631	0.03%	—
87	Schonfeld Strategic Advisors LLC	67,23667,236	$515,025	0.03%	NEW
88	Corient Private Wealth LLC	66,47566,475	$509,200	0.03%	TRIM -67%
89	Squarepoint Ops LLC	64,66664,666	$495,342	0.02%	TRIM -93%
90	Bleakley Financial Group, LLC	62,91662,916	$481,937	0.02%	NEW
91	NEW YORK STATE COMMON RETIREMENT FUND	61,15961,159	$468,478	0.02%	—
92	COMMONWEALTH EQUITY SERVICES, LLC	59,78559,785	$457,950	0.02%	ADD 155%
93	Blackstone Inc.	59,41859,418	$455,142	0.02%	—
94	PRELUDE CAPITAL MANAGEMENT, LLC	58,49058,490	$448,033	0.02%	NEW
95	JANUS HENDERSON GROUP PLC	56,23856,238	$431,064	0.02%	—
96	Cannell & Spears LLC	56,00056,000	$428,960	0.02%	NEW
97	HOURGLASS CAPITAL, LLC	55,81455,814	$427,535	0.02%	NEW
98	Ceeto Capital Group, LLC	55,00055,000	$421,000	0.02%	TRIM -25%
99	Vanguard Global Advisers, LLC	54,71454,714	$419,109	0.02%	NEW
100	NAVELLIER & ASSOCIATES INC	50,00050,000	$383,000	0.02%	NEW

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

20.4M

20.3M

20.9M

21.1M

21.2M

23.0M

$176M

Mubadala Investment Co PJSC

14.2M

$109M

Man Investment Partners (US) LP

—

9.3M

$71M

VANGUARD CAPITAL MANAGEMENT LLC

—

5.9M

$45M

Catalyst Capital Advisors LLC

3.8M

4.6M

4.7M

4.6M

5.2M

$40M

GEODE CAPITAL MANAGEMENT, LLC

3.1M

3.2M

3.5M

3.4M

3.5M

4.0M

$31M

STATE STREET CORP

2.8M

3.1M

2.9M

3.5M

$27M

MILLENNIUM MANAGEMENT LLC

1.3M

1.4M

1.2M

708K

886K

2.6M

$20M

NEOS Investment Management LLC

—

138K

2.5M

$19M

Balyasny Asset Management L.P.

—

60K

—

78K

2.3M

2.5M

$19M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

2.4M

$19M

HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC

4.7M

2.3M

1.9M

2.6M

1.9M

$15M

BANK OF AMERICA CORP /DE/

2.5M

2.7M

3.1M

1.6M

1.9M

$14M

CITIGROUP INC

100K

96K

56K

682K

1.0M

1.9M

$14M

Wolf Hill Capital Management, LP

8.1M

5.2M

5.8M

2.9M

3.7M

1.8M

$13M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	205	111,223,171	42.0%	$852M
2025-Q4	186	108,504,530	40.9%	$572M
2025-Q3	194	117,164,901	44.2%	$796M
2025-Q2	179	129,027,670	48.7%	$1.1B
2025-Q1	184	127,965,081	48.3%	$996M
2024-Q4	165	129,303,434	48.8%	$997M
2024-Q3

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · NEXT

Activists — 13D, active intent

HGC Next Inv LLC9.7%▲ +0.9ppSCHEDULE 13D/A · Amd 5 · event 2025-12-09SEC →

25,620,222 shares · 7 reporting persons

“Item 4 of this Schedule 13D is hereby supplemented by the following: The information in Item 3 of this Schedule 13D is incorporated herein by reference.”

GAP Holdings GP, LLC5.9%▼ -0.1ppSCHEDULE 13D · event 2026-06-03SEC →

16,658,563 shares · 9 reporting persons

“The Reporting Persons extended the Convertible Loans and acquired the Warrants reported herein for investment purposes. Consistent with such purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Company, management of the Company, one or more members of the board of directors of the Company, and may make suggestions concerning the Company's operations, prospects, business and financial strategies, strategic transactions, assets and”

VALINOR MANAGEMENT, L.P.4.98%▼ -0.72ppSCHEDULE 13D/A · Amd 12 · event 2025-05-13SEC →

Institutional ownership· 13F filers holding NEXT · 2026-Q1 methodology → sources →

205 holders

% of shares outstanding held

42.0%

Shares held (13F)

111,223,171

Reporting holders

205

Top holders

largest 100 of 205 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	22,963,35523.0M	$176M	8.67%	ADD 8%
2	Mubadala Investment Co PJSC	14,206,37614.2M	$109M	5.36%	—
3	Man Investment Partners (US) LP	9,274,8949.3M	$71M	3.50%	—
4	VANGUARD CAPITAL MANAGEMENT LLC	5,906,1715.9M	$45M	2.23%	NEW†
5	Catalyst Capital Advisors LLC	5,216,5925.2M	$40M	1.97%	ADD 12%
6	GEODE CAPITAL MANAGEMENT, LLC	4,021,6604.0M	$31M	1.52%	ADD 16%
7	STATE STREET CORP	3,548,2733.5M	$27M	1.34%	ADD 21%
8	MILLENNIUM MANAGEMENT LLC	2,553,8412.6M	$20M	0.96%	ADD 188%
9	NEOS Investment Management LLC	2,542,5772.5M	$19M	0.96%	ADD 1741%
10	Balyasny Asset Management L.P.	2,540,1552.5M	$19M	0.96%	ADD 12%
11	VANGUARD PORTFOLIO MANAGEMENT LLC	2,442,5752.4M	$19M	0.92%	NEW
12	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	1,899,0501.9M	$15M	0.72%	TRIM -28%
13	BANK OF AMERICA CORP /DE/	1,875,2871.9M	$14M	0.71%	—
14	CITIGROUP INC	1,851,5121.9M	$14M	0.70%	ADD 77%
15	Wolf Hill Capital Management, LP	1,760,3751.8M	$13M	0.66%	TRIM -52%
16	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	1,612,4741.6M	$12M	0.61%	TRIM -10%
17	WESTWOOD HOLDINGS GROUP INC	1,366,0881.4M	$10M	0.52%	ADD 4%
18	Ripple Effect Asset Management LP	1,339,7231.3M	$10M	0.51%	ADD 123%
19	NORTHERN TRUST CORP	1,282,0841.3M	$10M	0.48%	ADD 23%
20	GOLDMAN SACHS GROUP INC	1,229,9411.2M	$9M	0.46%	TRIM -27%
21	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,224,0401.2M	$9M	0.46%	ADD 6%
22	TUDOR INVESTMENT CORP ET AL	1,101,8071.1M	$8M	0.42%	ADD 75%
23	VANGUARD FIDUCIARY TRUST CO	1,024,5241.0M	$8M	0.39%	NEW
24	SL ADVISORS, LLC	986,992986,992	$8M	0.37%	ADD 7%
25	Nuveen, LLC	785,385785,385	$6M	0.30%	TRIM -15%
26	MORGAN STANLEY	655,314655,314	$5M	0.25%	TRIM -53%
27	FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	644,417644,417	$5M	0.24%	—
28	Sourcerock Group LLC	591,171591,171	$5M	0.22%	ADD 48%
29	CITADEL ADVISORS LLC	587,268587,268	$4M	0.22%	TRIM -64%
30	Freshford Capital Management, LLC	551,100551,100	$4M	0.21%	NEW
31	Caption Management, LLC	491,922491,922	$4M	0.19%	NEW
32	Point72 Asset Management, L.P.	456,828456,828	$3M	0.17%	TRIM -26%
33	VIKING FUND MANAGEMENT LLC	450,000450,000	$3M	0.17%	NEW
34	Bank of New York Mellon Corp	417,805417,805	$3M	0.16%	ADD 17%
35	LPL Financial LLC	400,846400,846	$3M	0.15%	ADD 35%
36	Jump Financial, LLC	399,138399,138	$3M	0.15%	ADD 47%
37	ALPS ADVISORS INC	367,948367,948	$3M	0.14%	TRIM -3%
38	Empowered Funds, LLC	356,264356,264	$3M	0.13%	ADD 12%
39	CLOUGH CAPITAL PARTNERS L P	352,759352,759	$3M	0.13%	NEW
40	UBS Group AG	329,694329,694	$3M	0.12%	TRIM -4%
41	TWO SIGMA INVESTMENTS, LP	325,290325,290	$2M	0.12%	ADD 252%
42	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	292,704292,704	$2M	0.11%	ADD 10%
43	Aventail Capital Group, LP	276,625276,625	$2M	0.10%	ADD 53%
44	RAYMOND JAMES FINANCIAL INC	239,330239,330	$2M	0.09%	NEW
45	Limestone Investment Advisors LP	235,634235,634	$2M	0.09%	—
46	Swiss National Bank	232,500232,500	$2M	0.09%	—
47	GSA CAPITAL PARTNERS LLP	232,338232,338	$2M	0.09%	ADD 631%
48	ELCO Management Co., LLC	228,336228,336	$2M	0.09%	ADD 112%
49	D. E. Shaw & Co., Inc.	218,975218,975	$2M	0.08%	ADD 32%
50	Walleye Trading LLC	213,902213,902	$2M	0.08%	TRIM -13%
51	Zimmer Partners, LP	212,500212,500	$2M	0.08%	NEW
52	RHUMBLINE ADVISERS	201,266201,266	$2M	0.08%	ADD 20%
53	Quantinno Capital Management LP	195,185195,185	$1M	0.07%	ADD 150%
54	AMERIPRISE FINANCIAL INC	187,640187,640	$1M	0.07%	TRIM -19%
55	SUSQUEHANNA INTERNATIONAL GROUP, LLP	184,365184,365	$1M	0.07%	TRIM -83%
56	JPMORGAN CHASE & CO	166,540166,540	$1M	0.06%	TRIM -74%
57	Verition Fund Management LLC	172,239172,239	$1M	0.06%	TRIM -30%
58	PRICE T ROWE ASSOCIATES INC /MD/	170,729170,729	$1M	0.06%	ADD 37%
59	ExodusPoint Capital Management, LP	157,889157,889	$1M	0.06%	NEW
60	Hudson Bay Capital Management LP	150,000150,000	$1M	0.06%	NEW
61	SEI INVESTMENTS CO	146,558146,558	$1M	0.06%	ADD 77%
62	Caitong International Asset Management Co., Ltd	144,026144,026	$1M	0.05%	ADD 689%
63	DEUTSCHE BANK AG\	135,415135,415	$1M	0.05%	ADD 27%
64	BOOTHBAY FUND MANAGEMENT, LLC	134,706134,706	$1M	0.05%	TRIM -25%
65	Cetera Investment Advisers	126,676126,676	$970,338	0.05%	NEW
66	HRT FINANCIAL LP	125,237125,237	$959,000	0.05%	NEW
67	Virtu Financial LLC	115,266115,266	$883,000	0.04%	ADD 525%
68	ALLIANCEBERNSTEIN L.P.	165,820165,820	$873,871	0.06%	ADD 36%
69	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	112,545112,545	$862,095	0.04%	TRIM -7%
70	Quadrature Capital Ltd	111,423111,423	$853,500	0.04%	ADD 199%
71	Brevan Howard Capital Management LP	107,925107,925	$826,706	0.04%	ADD 85%
72	CASTLEARK MANAGEMENT LLC	106,250106,250	$813,875	0.04%	—
73	Hara Capital LLC	105,730105,730	$809,892	0.04%	NEW
74	MetLife Investment Management, LLC	95,81595,815	$733,943	0.04%	ADD 52%
75	WINTON GROUP Ltd	88,10088,100	$674,846	0.03%	NEW
76	Invesco Ltd.	87,08587,085	$667,071	0.03%	ADD 5%
77	WELLS FARGO & COMPANY/MN	84,77784,777	$649,392	0.03%	TRIM -53%
78	AQR CAPITAL MANAGEMENT LLC	84,26584,265	$645,469	0.03%	ADD 104%
79	MERCER GLOBAL ADVISORS INC /ADV	78,25678,256	$599,441	0.03%	ADD 40%
80	MANUFACTURERS LIFE INSURANCE COMPANY, THE	77,95377,953	$597,120	0.03%	ADD 10%
81	Legal & General Group Plc	77,53877,538	$593,940	0.03%	TRIM -28%
82	VANGUARD ASSET MANAGEMENT, Ltd	76,18376,183	$583,562	0.03%	NEW
83	JONES FINANCIAL COMPANIES LLLP	68,86068,860	$559,832	0.03%	ADD 115%
84	Lighthouse Investment Partners, LLC	70,00070,000	$536,200	0.03%	NEW
85	Man Group plc	69,91069,910	$535,511	0.03%	NEW
86	BRIDGER MANAGEMENT, LLC	67,83767,837	$519,631	0.03%	—
87	Schonfeld Strategic Advisors LLC	67,23667,236	$515,025	0.03%	NEW
88	Corient Private Wealth LLC	66,47566,475	$509,200	0.03%	TRIM -67%
89	Squarepoint Ops LLC	64,66664,666	$495,342	0.02%	TRIM -93%
90	Bleakley Financial Group, LLC	62,91662,916	$481,937	0.02%	NEW
91	NEW YORK STATE COMMON RETIREMENT FUND	61,15961,159	$468,478	0.02%	—
92	COMMONWEALTH EQUITY SERVICES, LLC	59,78559,785	$457,950	0.02%	ADD 155%
93	Blackstone Inc.	59,41859,418	$455,142	0.02%	—
94	PRELUDE CAPITAL MANAGEMENT, LLC	58,49058,490	$448,033	0.02%	NEW
95	JANUS HENDERSON GROUP PLC	56,23856,238	$431,064	0.02%	—
96	Cannell & Spears LLC	56,00056,000	$428,960	0.02%	NEW
97	HOURGLASS CAPITAL, LLC	55,81455,814	$427,535	0.02%	NEW
98	Ceeto Capital Group, LLC	55,00055,000	$421,000	0.02%	TRIM -25%
99	Vanguard Global Advisers, LLC	54,71454,714	$419,109	0.02%	NEW
100	NAVELLIER & ASSOCIATES INC	50,00050,000	$383,000	0.02%	NEW

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

20.4M

20.3M

20.9M

21.1M

21.2M

23.0M

$176M

Mubadala Investment Co PJSC

14.2M

$109M

Man Investment Partners (US) LP

—

9.3M

$71M

VANGUARD CAPITAL MANAGEMENT LLC

—

5.9M

$45M

Catalyst Capital Advisors LLC

3.8M

4.6M

4.7M

4.6M

5.2M

$40M

GEODE CAPITAL MANAGEMENT, LLC

3.1M

3.2M

3.5M

3.4M

3.5M

4.0M

$31M

STATE STREET CORP

2.8M

3.1M

2.9M

3.5M

$27M

MILLENNIUM MANAGEMENT LLC

1.3M

1.4M

1.2M

708K

886K

2.6M

$20M

NEOS Investment Management LLC

—

138K

2.5M

$19M

Balyasny Asset Management L.P.

—

60K

—

78K

2.3M

2.5M

$19M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

2.4M

$19M

HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC

4.7M

2.3M

1.9M

2.6M

1.9M

$15M

BANK OF AMERICA CORP /DE/

2.5M

2.7M

3.1M

1.6M

1.9M

$14M

CITIGROUP INC

100K

96K

56K

682K

1.0M

1.9M

$14M

Wolf Hill Capital Management, LP

8.1M

5.2M

5.8M

2.9M

3.7M

1.8M

$13M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	205	111,223,171	42.0%	$852M
2025-Q4	186	108,504,530	40.9%	$572M
2025-Q3	194	117,164,901	44.2%	$796M
2025-Q2	179	129,027,670	48.7%	$1.1B
2025-Q1	184	127,965,081	48.3%	$996M
2024-Q4	165	129,303,434	48.8%	$997M
2024-Q3

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · NEXT

Activists — 13D, active intent

HGC Next Inv LLC9.7%▲ +0.9ppSCHEDULE 13D/A · Amd 5 · event 2025-12-09SEC →

25,620,222 shares · 7 reporting persons

“Item 4 of this Schedule 13D is hereby supplemented by the following: The information in Item 3 of this Schedule 13D is incorporated herein by reference.”

GAP Holdings GP, LLC5.9%▼ -0.1ppSCHEDULE 13D · event 2026-06-03SEC →

16,658,563 shares · 9 reporting persons

VALINOR MANAGEMENT, L.P.4.98%▼ -0.72ppSCHEDULE 13D/A · Amd 12 · event 2025-05-13SEC →

NEXT US Equity☆

Institutional ownership· 13F filers holding NEXT · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · NEXT

Institutional ownership· 13F filers holding NEXT · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · NEXT

NEXT US Equity