The firm increased its NextDecade (NEXT) holdings by 739,723 shares in Q1, lifting its total position to 1.34 million shares.
Ripple Effect Asset Management disclosed a $4.21 million purchase of 739,723 NextDecade (NASDAQ:NEXT) shares in the first quarter, according to an SEC filing dated May 14, 2026. The transaction was based on the quarter’s average share price, raising the fund’s total stake to 1.34 million shares, valued at $11.79 million after price movements.
NextDecade shares closed at $8.54 on May 13, 2026, up 3% over the past year but trailing the S&P 500’s 28% gain in the same period. The company, which develops LNG export terminals and carbon capture projects, reported $0 in trailing twelve-month revenue as of March 31, 2026.
The fund’s top holdings after the filing included NYSE:XIFR ($26.96 million) and NYSE:KGS ($26.71 million), with NextDecade’s position representing a smaller allocation within its portfolio.