$NEXT

$6.45 +$0.15 (2.38%) Close

$NEXT Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 266.2M shares outstanding

Who owns NEXT?

By type of holder

Institutions 40.7% Insiders 24.5% Everyone else 34.9%

Concentration Top 10 holders own 76.3%

Hanwha Aerospace Co., Ltd. 9.6% · BlackRock, Inc. 9.0%

Institutional ownership

40.7%

-1.2 pts vs last qtr

Institutional holders

208

+2 vs last qtr

Net shares bought

−3.2M

by institutions in Q2 2026

New / sold out

41 / 39

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Kestra Advisory Services, LLC NEW +1.5M
Jpmorgan Chase & Co +1.2M

Biggest sellers in Q2 2026

Citigroup Inc −1.8M
Wolf Hill Capital Management, LP −1.4M

Who is planning to sell?

Notices of proposed sale, last 12 months

$25.9K

1 notice from 1 person

Shares covered

4.2K

0.00% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Mott Michael Officer $25.9K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+174.0%

+11.85% a year

Each share's claim on the business

−63.5%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$37.9M vs $147M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years53% 3–5 years4% 1–3 years22% Under 1 year21%

Quarterly turnover

11.3%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting NEXT on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	23.8M	8.95%	+857.4K (+3.7%)	≤2021	0.0%
Shares held by quarter Peak holding23.8M (Q2'26) Change over 8 quarters+3.7M Share of the company8.950% BlackRock, Inc.'s full portfolio →
MI Mubadala Investment Co PJSC	14.2M	5.34%	Unchanged	2023	0.3%
Shares held by quarter Peak holding14.2M (Q3'24) Change over 8 quarters0 Share of the company5.340% Mubadala Investment Co PJSC's full portfolio →

BlackRock, Inc.

23.8M

% of company

8.95%

Change vs last qtr

+857.4K (+3.7%)

Held since

≤2021

Mubadala Investment Co PJSC

14.2M

% of company

5.34%

Change vs last qtr

Unchanged

Held since

2023

28 more super investors behind a free account

See every manager holding NextDecade Corporation, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting NEXT on Form N-PORT; together they hold 13.7% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
CE Catalyst Energy Infrastructure Fund Mutual Fund Series Trust	$39.3M	5.2M	1.96%	10.11%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$32.9M	4.4M	1.64%	0.04%	June 30, 2026

Catalyst Energy Infrastructure Fund

Mutual Fund Series Trust

Position value

$39.3M

% of company

1.96%

% of the fund

10.11%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$32.9M

% of company

1.64%

% of the fund

0.04%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding NextDecade Corporation and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
HA Hanwha Aerospace Co., Ltd. 5%+ holder 13D · 9.7%	25.6M	9.62%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company9.620% Disclosed stake13D · 9.7% View the 13D/G filing →
HI Hanwha Impact Global Corporation 5%+ holder 13D · 8.8%	23.4M	8.79%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company8.790% Disclosed stake13D · 8.8% View the 13D/G filing →

Hanwha Aerospace Co., Ltd.

5%+ holder13D · 9.7%

25.6M

% of company

9.62%

Change vs last qtr

—

Held since

—

Hanwha Impact Global Corporation

5%+ holder13D · 8.8%

23.4M

% of company

8.79%

Change vs last qtr

—

Held since

—

28 more holders behind a free account

See every insider and 5%+ holder of NextDecade Corporation.

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