Nextpower Inc.

NXT • NASDAQ

Nextpower Inc. is a solar company in the energy sector on NASDAQ, led by Daniel S. Shugar, with a market cap of $14.6B. As of Q3 2025, 95% of shares are held by 532 institutional investors, with BlackRock, Inc. as the largest holder at 16.3%.

CEODaniel S. Shugar

Market Cap$14.6B

Solar

Energy

Employees277.0

Websitenextracker.com

Country

United States of America

Overview

Overview of institutional ownership in NXT as of Q3 2025 with a market cap of $10.9B

All Institutions

Institutions: 532
Value Held: $10.4B
Shares Held: 140.9M
Avg Position: $19.6M
Median Position: $938.9K

Hedge Funds

Hedge Funds: 54
Value Held: $572.1M
Shares Held: 7.7M
Avg Position: $10.6M
Median Position: $1.9M

Ownership Breakdown

Institutional (non-HF)

90.06%

$9.9B

Hedge Funds

5.23%

$572.1M

Retail & Other

4.72%

$516.3M

Based on market cap of $10.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NXT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BlackRock, Inc. Institution	Laurence D. Fink CEO	$1.8B 0.03% of portfolio	16.30% 24.1M shares	Q1 2023 Held for 2y 9m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.0B 0.02% of portfolio	9.58% 14.2M shares	Q1 2023 Held for 2y 9m	$6.69T
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	Joel Paul Fried Chairman	$552.0M 0.42% of portfolio	5.04% 7.5M shares	Q1 2023 Held for 2y 9m	$130.57B
FMR LLC Institution	-	$485.6M 0.03% of portfolio	4.44% 6.6M shares	Q1 2023 Held for 2y 9m	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$398.9M 0.01% of portfolio	3.64% 5.4M shares	Q1 2023 Held for 2y 9m	$2.88T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$358.6M 0.06% of portfolio	3.28% 4.8M shares	Q4 2023 Held for 2 years	$571.21B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$280.1M 0.02% of portfolio	2.56% 3.8M shares	Q1 2023 Held for 2y 9m	$1.57T
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$269.7M 0.26% of portfolio	2.46% 3.6M shares	Q3 2023 Held for 2y 3m	$103.68B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$201.7M 0.03% of portfolio	1.84% 2.7M shares	Q1 2023 Held for 2y 9m	$633.08B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$174.5M 0.04% of portfolio	1.59% 2.4M shares	Q3 2023 Held for 2y 3m	$466.34B

Net Capital Flow

Institutional buying and selling activity for NXT in Q3 2025

Traded: +$474.2M
Buyers: 334
Sellers: 209
Total Bought: +$1.4B
Total Sold: −$971.1M
Avg Position: $17.2M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$213.2M +2.9M shares	$485.6M 6.6M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$145.7M +2.0M shares	$171.5M 2.3M shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	+$108.7M +1.5M shares	$108.7M 1.5M shares
A Amundi Institution	+$98.5M +1.3M shares	$161.6M 2.1M shares
Pictet Asset Management Holding SA Long Only Manager	+$94.0M +1.3M shares	$269.7M 3.6M shares
A Allianz Asset Management AG Institution	+$53.1M +718.0K shares	$58.8M 794.5K shares
Electron Capital Partners, LLC Hedge Fund•Long/Short	+$39.9M +539.7K shares	$41.9M 566.4K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$34.4M +465.5K shares	$133.3M 1.8M shares
Lombard Odier Asset Management Ltd Private Equity	+$33.1M +419.8K shares	$33.1M 419.8K shares
O One Fin Capital Management LP Hedge Fund•Event Driven	+$31.1M +420.0K shares	$31.1M 420.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Encompass Capital Advisors LLC Hedge Fund•Long/Short	−$127.9M −1.7M shares	$88.2M 1.2M shares
BlackRock, Inc. Institution	−$116.8M −1.6M shares	$1.8B 24.1M shares
D D. E. Shaw & Co., Inc. Institution	−$75.9M −1.0M shares	$24.4M 329.2K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$62.6M −1.2M shares	Sold Off 0 shares
Sachem Head Capital Management LP Hedge Fund•Long/Short	−$40.8M −750.0K shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$31.0M −419.6K shares	$12.7M 172.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$29.3M −396.1K shares	$16.4M 221.3K shares
GOLDMAN SACHS GROUP INC Institution	−$27.7M −374.1K shares	$72.2M 975.5K shares
Z Zurcher Kantonalbank Institution	−$24.8M −335.8K shares	$70.5M 952.7K shares
C Cubist Systematic Strategies, LLC Institution	−$19.5M −358.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NXT in Q3 2025

New Positions: 62
New Value: $238.7M
Exited Positions: 75
Exited Value: $243.1M

New Positions

Institution	Position Value
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	$108.7M 1.5M shares
Lombard Odier Asset Management Ltd Private Equity	$33.1M 419.8K shares
O One Fin Capital Management LP Hedge Fund•Event Driven	$31.1M 420.0K shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	$16.8M 227.6K shares
M Mediolanum International Funds Ltd Institution	$7.2M 94.9K shares
H Hel Ved Capital Management Ltd Institution	$5.6M 75.1K shares
E E. Ohman J:or Asset Management AB Institution	$4.2M 57.1K shares
Andrew Hill Investment Advisors, Inc. RIA/Wealth	$3.9M 53.4K shares
D De Lisle Partners LLP Institution	$3.9M 53.0K shares
A AMF Pensionsforsakring AB Institution	$3.4M 46.5K shares

Exited Positions

Institution	Previous Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$62.6M 1.2M shares
Sachem Head Capital Management LP Hedge Fund•Long/Short	$40.8M 750.0K shares
C Cubist Systematic Strategies, LLC Institution	$19.5M 358.2K shares
Slate Path Capital LP Hedge Fund•Long/Short	$13.0M 238.9K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$13.0M 238.8K shares
H HRT FINANCIAL LLC Institution	$8.5M 155.9K shares
Empowered Funds, LLC ETF Provider	$7.7M 141.3K shares
Trexquant Investment LP Hedge Fund•Quant	$6.6M 121.1K shares
T Telemark Asset Management, LLC Hedge Fund•Long/Short	$5.4M 100.0K shares
J Jump Financial, LLC Institution	$5.2M 96.3K shares

Options Activity

Institutions with the largest Call and Put options positions in NXT as of Q3 2025

Call Positions: 28
Call Value: $500.2M
Put Positions: 23
Put Value: $412.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$109.9M 14.8K contracts
J JANE STREET GROUP, LLC Institution	$96.5M 13.0K contracts
N NOMURA HOLDINGS INC Institution	$60.8M 8.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$54.1M 7.3K contracts
Walleye Trading LLC RIA/Wealth	$39.8M 5.4K contracts
W WOLVERINE TRADING, LLC Institution	$34.1M 4.5K contracts
LEUCADIA NATIONAL CORP Institution	$22.7M 3.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$12.6M 1.7K contracts
P PEAK6 LLC Institution	$11.6M 1.6K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$9.6M 1.3K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$150.1M 20.3K contracts
Walleye Trading LLC RIA/Wealth	$51.0M 6.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$49.7M 6.7K contracts
J JANE STREET GROUP, LLC Institution	$28.7M 3.9K contracts
LEUCADIA NATIONAL CORP Institution	$23.2M 3.1K contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$22.2M 3.0K contracts
W WOLVERINE TRADING, LLC Institution	$18.2M 2.4K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$17.1M 2.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$15.8M 2.1K contracts
GOLDMAN SACHS GROUP INC Institution	$7.4M 1.0K contracts

Most Committed Institutions

Institutions with NXT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
O One Fin Capital Management LP Hedge Fund•Event Driven	Maykao Yang Manisone CFO	11.79% $31.1M	0.28% 420.0K shares	Q3 2025 Held for 3 months	$263.5M
Blue Door Asset Management, LLC Hedge Fund•Long/Short	Michael Jay Luddy Managing Partner	11.59% $20.5M	0.19% 276.9K shares	Q1 2023 Held for 2y 9m	$176.7M
BlackBarn Capital Partners LP Hedge Fund•Multi-Strategy	Jeremy Jason Edelstein CFO	9.05% $25.9M	0.24% 350.0K shares	Q1 2025 Held for 9 months	$286.2M
Renaissance Capital LLC ETF Provider	William Kevin Smith CEO	5.23% $9.3M	0.08% 125.6K shares	Q1 2023 Held for 2y 9m	$177.7M
Goodman Financial CORP RIA/Wealth	Steven Robert Goodman President	4.76% $24.4M	0.22% 330.3K shares	Q1 2025 Held for 9 months	$513.7M
Otter Creek Advisors, LLC Hedge Fund•Long/Short	Justin Arthur Beals COO	4.11% $4.1M	0.04% 56.0K shares	Q4 2023 Held for 2 years	$100.8M
Encompass Capital Advisors LLC Hedge Fund•Long/Short	Todd Jason Kantor Managing Partner	3.95% $88.2M	0.81% 1.2M shares	Q1 2023 Held for 2y 9m	$2.2B
H Hel Ved Capital Management Ltd Institution	-	3.23% $5.6M	0.05% 75.1K shares	Q3 2025 Held for 3 months	$172.2M
Andrew Hill Investment Advisors, Inc. RIA/Wealth	Andrew D.W. Hill President	3.07% $3.9M	0.04% 53.4K shares	Q3 2025 Held for 3 months	$128.5M
Foresight Group Ltd Liability Partnership Real Assets	FORESIGHT REGIONAL INVESTMENT GENERAL PARTNER LLP Related Person	3.05% $20.4M	0.19% 275.7K shares	Q1 2025 Held for 9 months	$669.9M

Hedge Fund Spotlight

Discover hedge funds investing in NXT

ISAM Funds Ltd

Hedge Fund • Quant

Portfolio ManagerAlexander Lowe

Portfolio Value: $489.3M
Positions: 601
Last Reported: Q3 2025

Sector Allocation

Position in Nextpower Inc.

Market Value: $40.7K
Shares Held: 550.0
Portfolio Weight: 0.01%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Merck & Co. MRK	Drug Manufacturers - General Healthcare	$4.9M	1.00%
2 Chubb CB	Insurance - Property & Casualty Financial Services	$4.9M	1.00%
3 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$4.9M	0.99%