NextDecade Corp (NEXT) shareholders
NEXTNasdaqNatural Gas Transmisison & DistributionFiscal year ends December 31
$6.52−0.02 (-0.31%)
Close on Nov 12, 2026Market cap $1.75BP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
40.5%
109M of 269M shares
Institutional holders
211
42 new, 34 sold out
Net institutional buying
-3M
In Q2 2026
Insider trades, 12 months
22 buys · 0 sales
Net bought $43.59M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Hanwha Aerospace Co., Ltd. Joint filing with Hgc Next Inv LLC (8.80%), Hanwha Impact Partners Inc. (8.80%) and 4 more | 25,620,222 | 9.70% | 13D (active) amendment | Dec 9, 2025 |
| Hanwha Impact Global Corporation Joint filing with Hgc Next Inv LLC (8.80%), Hanwha Impact Partners Inc. (8.80%) and 4 more | 23,410,842 | 8.80% | 13D (active) amendment | Nov 18, 2025 |
| General Atlantic Partners, L.P. Joint filing with Gasc Gp, LLC (6.00%), GAP Holdings GP, LLC (6.00%) and 2 more | 16,881,565 | 6.00% | 13G (passive) | Mar 17, 2026 |
| Gasc Gp, LLC Joint filing with General Atlantic Partners, L.P. (5.90%), GAP Holdings GP, LLC (5.90%) and 2 more | 16,658,563 | 5.90% | 13D (active) | Jun 3, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NEXT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 23,820,718 | 8.86% | $179.61M | +857,363 | 0.00% |
| Mubadala Investment Co PJSC | 14,206,376 | 5.29% | $107.12M | – | 0.31% |
| Man Investment Partners (US) LP | 9,274,894 | 3.45% | $69.93M | – | 19.46% |
| Vanguard Capital Management LLC | 5,530,334 | 2.06% | $41.70M | −375,837 | 0.00% |
| Catalyst Capital Advisors LLC | 5,216,592 | 1.94% | $39.33M | – | 0.65% |
| Geode Capital Management, LLC | 4,251,461 | 1.58% | $32.06M | +229,801 | 0.00% |
| State Street Corp | 3,799,466 | 1.41% | $28.65M | +251,193 | 0.00% |
| Vanguard Portfolio Management LLC | 2,483,302 | 0.92% | $18.72M | +40,727 | 0.00% |
| Millennium Management LLC | 2,254,323 | 0.84% | $17.00M | −299,518 | 0.01% |
| NEOS Investment Management LLC | 2,158,224 | 0.80% | $16.27M | −384,353 | 0.06% |
| Hotchkis & Wiley Capital Management LLC | 2,130,800 | 0.79% | $16.07M | +231,750 | 0.05% |
| Balyasny Asset Management L.P. | 1,926,956 | 0.72% | $14.53M | −613,199 | 0.02% |
| Bank Of America Corp /De/ | 1,911,869 | 0.71% | $14.42M | +36,582 | 0.00% |
| Kestra Advisory Services, LLC | 1,464,047 | 0.54% | $11.04M | New | 0.04% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,461,169 | 0.54% | $11.02M | −151,305 | 0.01% |
| Westwood Holdings Group Inc | 1,412,509 | 0.53% | $10.65M | +46,421 | 0.08% |
| JPMorgan Chase & Co | 1,349,621 | 0.50% | $9.98M | +1,183,081 | 0.00% |
| Northern Trust Corp | 1,339,554 | 0.50% | $10.10M | +57,470 | 0.00% |
| Charles Schwab Investment Management Inc | 1,237,688 | 0.46% | $9.33M | +13,648 | 0.00% |
| Freshford Capital Management, LLC | 1,180,872 | 0.44% | $8.90M | +629,772 | 3.05% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 211 | 109M | 40.5% | 42 / 93 | 48 / 34 | 11M | 14M |
| Q1 2026 | 207 | 112M | 41.5% | 61 / 83 | 41 / 36 | 26M | 14M |
| Q4 2025 | 186 | 109M | 40.4% | 35 / 71 | 55 / 36 | 21M | 25M |
| Q3 2025 | 194 | 117M | 43.6% | 41 / 60 | 66 / 24 | 10M | 22M |
| Q2 2025 | 179 | 129M | 48.0% | 22 / 73 | 60 / 26 | 13M | 12M |
| Q1 2025 | 184 | 128M | 47.6% | 44 / 73 | 45 / 22 | 13M | 14M |
| Q4 2024 | 164 | 129M | 48.1% | 39 / 72 | 34 / 19 | 16M | 23M |
| Q3 2024 | 144 | 136M | 50.5% | 34 / 48 | 45 / 28 | 37M | 47M |
| Q2 2024 | 139 | 165M | 61.4% | 36 / 57 | 29 / 15 | 20M | 37M |
| Q1 2024 | 119 | 183M | 67.9% | 20 / 53 | 30 / 13 | 17M | 8M |
| Q4 2023 | 112 | 174M | 64.6% | 19 / 56 | 22 / 22 | 43M | 11M |
| Q3 2023 | 117 | 142M | 52.7% | 25 / 44 | 32 / 16 | 40M | 16M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
142 funds held NEXT in Q2 2026, 58% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of NEXT | Value | % of fund | As of |
|---|---|---|---|---|---|
| Catalyst Energy Infrastructure Fund | 5,216,592 | 1.94% | $39.33M | 10.11% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 4,365,907 | 1.62% | $32.92M | 0.04% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,787,633 | 1.41% | $28.56M | 0.00% | Jun 30, 2026 |
| NEOS MLP & Energy Infrastructure High Income ETF | 2,146,037 | 0.80% | $16.18M | 2.39% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,834,417 | 0.68% | $12.33M | 0.04% | Jul 31, 2026 |
| Global X MLP and Energy Infrastructure ETF | 1,733,052 | 0.64% | $13.71M | 0.39% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 1,616,399 | 0.60% | $12.19M | 0.01% | Jun 30, 2026 |
| Vanguard Energy Index Fund | 1,373,763 | 0.51% | $10.87M | 0.09% | May 31, 2026 |
| iShares Russell 2000 Value ETF | 1,292,071 | 0.48% | $9.74M | 0.07% | Jun 30, 2026 |
| Westwood Salient Mlp & Energy | 1,102,221 | 0.41% | $7.41M | 0.52% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 900,789 | 0.34% | $7.13M | 0.04% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 727,782 | 0.27% | $5.76M | 0.01% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 677,440 | 0.25% | $5.36M | 0.02% | May 31, 2026 |
| Hotchkis and Wiley Small Cap Diversified Value Fund | 646,450 | 0.24% | $4.87M | 0.53% | Jun 30, 2026 |
| Pacer American Energy Independence ETF | 531,900 | 0.20% | $3.57M | 2.69% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Matthew K. Schatzman | Chief Executive Officer, Director | 5,275,550 | 1.96% | Oct 19, 2026 |
| Gyarfas Vera de | General Counsel | 945,330 | 0.35% | Oct 19, 2026 |
| Tarik Skeik | Chief Operating Officer | 345,769 | 0.13% | Oct 19, 2026 |
| Luke Boylston | Chief Accounting Officer | 217,143 | 0.08% | Oct 16, 2026 |
| John Zuklic | Chief Financial Officer | 139,257 | 0.05% | Sep 2, 2026 |
| Michael Mott | Interim CFO | 489,554 | 0.18% | Oct 20, 2025 |
| Brent Wahl | Chief Financial Officer | 1,440,639 | 0.54% | Oct 20, 2025 |
| Charles Q. Brown Jr. | Director | 11,965 | 0.00% | Jun 16, 2026 |
| David L. Stover | Director | 20,565 | 0.01% | Jun 16, 2026 |
| Matthew W. Bonanno | Director | 84,900 | 0.03% | Jun 11, 2026 |
| Pamela K.M. Beall | Director | 108,507 | 0.04% | Mar 25, 2026 |
| Brian Belke | Director | 440,919 | 0.16% | Feb 3, 2026 |
| William C. Vrattos | Director | 1,423,003 | 0.53% | Feb 3, 2026 |
| Frank Chapman | Director | 285,427 | 0.11% | Feb 3, 2026 |
| Louis Spencer Wells | Director | 276,410 | 0.10% | Feb 3, 2026 |
| Edward Andrew Scoggins Jr. | Director | 230,315 | 0.09% | Feb 3, 2026 |
| Diana L. Sands | Director | 47,404 | 0.02% | Feb 3, 2026 |
| Investment Partners (US) LP Man | Director | 11,208,389 | 4.17% | Nov 19, 2025 |
| In Kyu Park | Director | 0 | – | Aug 11, 2025 |
| Hanwha Aerospace Co., Ltd. | 10% owner | 43,956,591 | 16.35% | Dec 15, 2025 |
| Hill Opportunistic Credit Master (US) Fund II LP Bardin | – | – | – | Nov 19, 2025 |
| Avinash Kripalani | – | 10,266,553 | 3.82% | Nov 19, 2025 |
| Jason Dillow | – | 8,917,873 | 3.32% | Nov 19, 2025 |
| John Winand Greene JR | – | 9,274,894 | 3.45% | Nov 19, 2025 |
| Pratik Desai | – | 8,492,799 | 3.16% | Nov 19, 2025 |
| Investment (US) Opportunistic Credit Fund II GP LLC Man | – | – | – | Nov 19, 2025 |
| Hill Fund GP LLC Bardin | – | 8,492,799 | 3.16% | Sep 18, 2025 |
| Hill Event-Driven Master Fund LP Bardin | – | – | – | Sep 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Tarik Skeik Chief Operating Officer | Oct 16, 2026 | Tax withholding | −9,773 | $6.26 | $61.18K | 345,769 |
| Gyarfas Vera de General Counsel | Oct 16, 2026 | Tax withholding | −9,773 | $6.26 | $61.18K | 945,330 |
| Matthew K. Schatzman Chief Executive Officer, Director | Oct 16, 2026 | Tax withholding | −43,976 | $6.26 | $275.29K | 5,275,550 |
| Luke Boylston Chief Accounting Officer | Oct 13, 2026 | Tax withholding | −19,675 | $6.80 | $133.79K | 217,143 |
| Tarik Skeik Chief Operating Officer | Sep 9, 2026 | Tax withholding | −7,732 | $7.54 | $58.30K | 355,542 |
| Gyarfas Vera de General Counsel | Sep 9, 2026 | Tax withholding | −15,463 | $7.54 | $116.59K | 955,103 |
| Matthew K. Schatzman Chief Executive Officer, Director | Sep 9, 2026 | Tax withholding | −69,583 | $7.54 | $524.66K | 5,319,526 |
| Matthew K. Schatzman Chief Executive Officer, Director | Aug 31, 2026 | Tax withholding | −135,928 | $7.54 | $1.02M | 5,667,115 |
| Matthew K. Schatzman Chief Executive Officer, Director | Aug 31, 2026 | Award | +464,190 | – | – | 5,803,043 |
| Luke Boylston Chief Accounting Officer | Aug 31, 2026 | Tax withholding | −6,563 | $7.54 | $49.49K | 236,818 |
| Luke Boylston Chief Accounting Officer | Aug 31, 2026 | Award | +23,872 | – | – | 243,381 |
| Gyarfas Vera de General Counsel | Aug 31, 2026 | Award | +132,625 | – | – | 1,062,723 |
| Gyarfas Vera de General Counsel | Aug 31, 2026 | Tax withholding | −30,378 | $7.54 | $229.05K | 1,032,345 |
| Tarik Skeik Chief Operating Officer | Aug 31, 2026 | Tax withholding | −18,043 | $7.54 | $136.04K | 363,274 |
| Tarik Skeik Chief Operating Officer | Aug 31, 2026 | Award | +99,469 | – | – | 381,317 |
| John Zuklic Chief Financial Officer | Aug 31, 2026 | Award | +139,257 | – | – | 139,257 |
| Gyarfas Vera de General Counsel | Jul 10, 2026 | Tax withholding | −51,935 | $7.99 | $414.96K | 930,098 |
| Matthew K. Schatzman Chief Executive Officer, Director | Jul 10, 2026 | Tax withholding | −266,531 | $7.99 | $2.13M | 5,338,853 |
| Charles Q. Brown Jr. Director | Jun 15, 2026 | Award | +11,965 | – | – | 11,965 |
| David L. Stover Director | Jun 15, 2026 | Award | +20,565 | – | – | 20,565 |
| Luke Boylston Controller | May 13, 2026 | Tax withholding | −1,312 | $8.54 | $11.20K | 219,509 |
| Pamela K.M. Beall Director | Mar 23, 2026 | Buy | +71,500 | $7.07 | $505.51K | 71,500 |
| Frank Chapman Director | Jan 30, 2026 | Award | +30,245 | – | – | 285,427 |
| Louis Spencer Wells Director | Jan 30, 2026 | Award | +30,245 | – | – | 276,410 |
| Diana L. Sands Director | Jan 30, 2026 | Award | +40,642 | – | – | 47,404 |
| Brian Belke Director | Jan 30, 2026 | Award | +49,149 | – | – | 440,919 |
| Edward Andrew Scoggins Jr. Director | Jan 30, 2026 | Award | +30,245 | – | – | 230,315 |
| William C. Vrattos Director | Jan 30, 2026 | Award | +51,984 | – | – | 78,517 |
| Pamela K.M. Beall Director | Jan 30, 2026 | Award | +30,245 | – | – | 37,007 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 12, 2025 | Buy | +800,000 | $5.54 | $4.43M | 26,420,222 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 11, 2025 | Buy | +851,971 | $5.83 | $4.97M | 25,620,222 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 10, 2025 | Buy | +600,000 | $6.05 | $3.63M | 24,768,251 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 9, 2025 | Buy | +293,131 | $6.36 | $1.86M | 24,168,251 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 8, 2025 | Buy | +39,467 | $6.26 | $247.06K | 23,875,120 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 5, 2025 | Buy | +151,058 | $6.21 | $938.07K | 23,835,653 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 4, 2025 | Buy | +243,959 | $6.19 | $1.51M | 23,684,595 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 3, 2025 | Buy | +241,946 | $6.04 | $1.46M | 23,440,636 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 2, 2025 | Buy | +310,964 | $5.93 | $1.84M | 23,198,690 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 1, 2025 | Buy | +205,160 | $6.05 | $1.24M | 22,887,726 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 28, 2025 | Buy | +111,084 | $6.12 | $679.83K | 22,682,566 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 26, 2025 | Buy | +175,142 | $5.95 | $1.04M | 22,571,482 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 25, 2025 | Buy | +285,502 | $5.73 | $1.64M | 22,396,340 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 24, 2025 | Buy | +445,109 | $5.59 | $2.49M | 22,110,838 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 21, 2025 | Buy | +419,477 | $5.73 | $2.40M | 21,665,729 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 20, 2025 | Buy | +347,630 | $6.02 | $2.09M | 21,246,252 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 19, 2025 | Buy | +305,973 | $6.04 | $1.85M | 20,898,622 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 18, 2025 | Buy | +462,576 | $5.92 | $2.74M | 20,592,649 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 17, 2025 | Buy | +295,875 | $5.87 | $1.74M | 20,130,073 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 14, 2025 | Buy | +244,330 | $6.09 | $1.49M | 19,834,198 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 13, 2025 | Buy | +460,334 | $6.08 | $2.80M | 19,589,868 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 11, 2025 | Buy | +591,837 | $6.07 | $3.59M | 19,129,534 |
| Gyarfas Vera de General Counsel | Oct 16, 2025 | Award | +49,668 | – | – | 951,909 |
| Gyarfas Vera de General Counsel | Oct 16, 2025 | Award | +49,669 | – | – | 982,033 |
| Gyarfas Vera de General Counsel | Oct 16, 2025 | Tax withholding | −19,545 | $6.11 | $119.42K | 932,364 |
| Brent Wahl Chief Financial Officer | Oct 16, 2025 | Tax withholding | −38,034 | $6.11 | $232.39K | 1,440,639 |
| Brent Wahl Chief Financial Officer | Oct 16, 2025 | Award | +74,503 | – | – | 1,515,142 |
| Brent Wahl Chief Financial Officer | Oct 16, 2025 | Award | +74,503 | – | – | 1,478,673 |
| Tarik Skeik Chief Operating Officer | Oct 16, 2025 | Tax withholding | −16,682 | $6.11 | $101.93K | 232,179 |
| Tarik Skeik Chief Operating Officer | Oct 16, 2025 | Award | +49,669 | – | – | 281,848 |
| Tarik Skeik Chief Operating Officer | Oct 16, 2025 | Award | +49,668 | – | – | 248,861 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
11.93%
23M shares short
Days to cover
6.7
At 3M shares a day
Change since last report
-5.4%
From 24M shares
Short volume, 20 days
55.7%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of NextDecade's stock actually held short. Settlement fails (shares not delivered on time) peaked at 109,035 shares on Sep 21, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Brent Wahl Former Officer | Nov 4, 2026 | 12,337 | $79.17K | Nov 4, 2026 | Restricted Stock Vesting |
| Michael Mott Officer | Oct 21, 2026 | 4,209 | $25.87K | Oct 21, 2026 | Restricted Stock Vesting |
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