NEXTRACKER INC NXT
CLASS A COM · Common Stock · CUSIP 65290E101 · ISIN US65290E1010
American renewable energy company
- SectorTechnology
- IndustrySemiconductors & Related Devices
- HeadquartersFremont, CA
- Websitenextracker.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($20.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.99. Options: 31 managers hold calls ($571.2m notional), 26 hold puts ($489.1m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2023 | 122 |
| Q2 2023 | 163 |
| Q3 2023 | 180 |
| Q4 2023 | 234 |
| Q1 2024 | 457 |
| Q2 2024 | 447 |
| Q3 2024 | 417 |
| Q4 2024 | 437 |
| Q1 2025 | 473 |
| Q2 2025 | 514 |
| Q3 2025 | 544 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 162 | 78 |
| Q1 2024 | 390 | 72 |
| Q2 2024 | 257 | 233 |
| Q3 2024 | 238 | 206 |
| Q4 2024 | 199 | 221 |
| Q1 2025 | 258 | 194 |
| Q2 2025 | 250 | 237 |
| Q3 2025 | 325 | 227 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $74.9m | $75.2m | 1.00 |
| Q1 2025 | $46.7m | $128.6m | 2.75 |
| Q2 2025 | $368.6m | $241.9m | 0.66 |
| Q3 2025 | $571.2m | $489.1m | 0.86 |
Biggest buyers
| FMR LLC | Added | +2.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.0m |
| JPMORGAN CHASE & CO | Added | +1.5m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +1.5m |
| Amundi | Added | +1.3m |
| Pictet Asset Management Holding SA | Added | +1.3m |
| Allianz Asset Management GmbH | Added | +718.0k |
| Electron Capital Partners, LLC | Added | +539.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +465.5k |
| One Fin Capital Management LP | New | +420.0k |
Biggest sellers
| Encompass Capital Advisors LLC | Reduced | -1.7m |
| BlackRock, Inc. | Reduced | -1.6m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| Point72 Asset Management, L.P. | Sold out | -1.2m |
| D. E. Shaw & Co., Inc. | Reduced | -1.0m |
| Sachem Head Capital Management LP | Sold out | -750.0k |
| Pacer Advisors, Inc. | Reduced | -553.8k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -419.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -396.1k |
| JANE STREET GROUP, LLC | Reduced | -389.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $109.9m1.5m shares |
| JANE STREET GROUP, LLC | Added | $96.5m1.3m shares |
| NOMURA HOLDINGS INC | Unchanged | $60.8m821.6k shares |
| CITADEL ADVISORS LLC | Added | $54.1m731.5k shares |
| Walleye Trading LLC | Added | $39.8m538.0k shares |
| WOLVERINE TRADING, LLC | New | $34.1m448.5k shares |
| GROUP ONE TRADING LLC | Added | $28.0m379.0k shares |
| PEAK6 LLC | Reduced | $23.2m313.0k shares |
| Jefferies Financial Group Inc. | Added | $22.7m306.5k shares |
| IMC-Chicago, LLC | Added | $16.6m224.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $150.1m2.0m shares |
| Walleye Trading LLC | Added | $51.0m689.2k shares |
| CITADEL ADVISORS LLC | Added | $49.7m671.0k shares |
| IMC-Chicago, LLC | Added | $37.7m509.0k shares |
| JANE STREET GROUP, LLC | Added | $28.7m388.3k shares |
| Jefferies Financial Group Inc. | Reduced | $23.2m312.9k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | Added | $22.2m300.0k shares |
| WOLVERINE TRADING, LLC | New | $18.2m238.5k shares |
| GROUP ONE TRADING LLC | Added | $17.1m231.6k shares |
| Twin Tree Management, LP | Reduced | $17.1m231.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution -1.2 pts · filed 2026-08-06 | 12.4% |
| BlackRock, Inc. 13G · institution -2.3 pts · filed 2026-07-29 | 11.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRIMECAP MANAGEMENT CO/CA/ (4.7%, 2026-02-11)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 1 | $1.5m | 1 | $87.7k | $87.7k |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 3 | $1.1m | $1.1m |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 3 | $1.2m | $1.2m |
| Q2 2025 | 0 | — | 4 | $12.2m | $12.2m |
| Q3 2025 | 0 | — | 6 | $4.4m | $3.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-29 | Wenger Howard President, director | Sold plan | $391.3k5.2k shares |
| 2025-09-15 | BOYNTON CHARLES D Chief Financial Officer | Sold plan | $302.4k4.5k shares |
| 2025-09-12 | Bennett David P Chief Accounting Officer | Sold plan | $2.0m29.2k shares |
| 2025-08-19 | Wenger Howard President, director | Sold plan | $399.2k5.7k shares |
| 2025-08-08 | LEDESMA BRUCE Chief Legal & Compliance Ofc | Sold plan | $392.6k7.0k shares |
| 2025-08-05 | WATKINS WILLIAM D Director · By Trust | Sold | $567.9k10.0k shares |
| 2025-07-03 | Wenger Howard President, director | Sold plan | $339.0k5.2k shares |
| 2025-07-01 | Miller Nicholas Marco Chief Operating Officer | Sold plan | $51.3k946 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 24.1m $1.8bn | Reduced -1.6m |
| VANGUARD GROUP INC 0.02% of their portfolio | 14.2m $1.0bn | Added +284.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.42% of their portfolio | 7.5m $552.0m | Reduced -215.4k |
| FMR LLC 0.03% of their portfolio | 6.6m $485.6m | Added +2.9m |
| STATE STREET CORP 0.01% of their portfolio | 5.4m $398.9m | Added +31.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 4.8m $358.6m | Reduced -145.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.8m $280.1m | Added +104.6k |
| Pictet Asset Management Holding SA 0.26% of their portfolio | 3.6m $269.7m | Added +1.3m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.3m $244.3m | Added +1.5m |
| Invesco Ltd. 0.03% of their portfolio | 2.7m $201.7m | Added +245.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.4m $174.5m | Added +67.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 2.3m $171.5m | Added +2.0m |
| Handelsbanken Fonder AB 0.52% of their portfolio | 2.2m $164.6m | Reduced -78.6k |
| Amundi 0.05% of their portfolio | 2.1m $161.6m | Added +1.3m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.9m $139.5m | Added +5.6k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.9m $138.5m | Added +15.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $133.3m | Added +465.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.28% of their portfolio | 1.5m $108.7m | New |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.43% of their portfolio | 1.4m $103.4m | Added +80.5k |
| EARNEST PARTNERS LLC 0.41% of their portfolio | 1.3m $94.6m | Reduced -25.3k |
| Encompass Capital Advisors LLC 3.97% of their portfolio | 1.2m $88.2m | Reduced -1.7m |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.29% of their portfolio | 1.2m $86.6m | Reduced -29.9k |
| Nuveen, LLC 0.02% of their portfolio | 1.1m $82.3m | Added +30.4k |
| UBS Group AG 0.02% of their portfolio | 1.1m $82.0m | Added +371.5k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 1.1m $79.2m | Added +7.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $78.5m | Reduced -78.2k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.30% of their portfolio | 1.0m $76.9m | Reduced -30.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $76.7m | Reduced -117.3k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 991.5k $73.4m | Reduced -79.8k |
| MORGAN STANLEY 0.00% of their portfolio | 976.0k $72.2m | Added +159.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 975.5k $72.2m | Reduced -374.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 961.7k $71.2m | Reduced -79.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.16% of their portfolio | 952.7k $70.5m | Reduced -335.8k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 915.4k $67.7m | Added +84.1k |
| Robeco Schweiz AG 1.52% of their portfolio | 913.6k $67.6m | Reduced -29.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.17% of their portfolio | 867.2k $64.2m | Reduced -65.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 804.9k $59.6m | Added +83.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 800.8k $59.3m | Added +206.6k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 794.5k $58.8m | Added +718.0k |
| Erste Asset Management GmbH 0.54% of their portfolio | 740.4k $56.4m | Added +7.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.21% of their portfolio | 714.4k $52.8m | Reduced -258.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 706.7k $52.3m | Added +54.6k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 675.9k $50.0m | Added +128.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 617.1k $45.7m | Reduced -175.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 613.6k $45.4m | Added +296.2k |
| Electron Capital Partners, LLC 1.90% of their portfolio | 566.4k $41.9m | Added +539.7k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 564.7k $41.8m | Added +66.4k |
| ALGERT GLOBAL LLC 0.68% of their portfolio | 551.6k $40.8m | Added +128.7k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 521.2k $38.6m | Reduced -80.3k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 503.6k $37.3m | Added +15.9k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.83% of their portfolio | 473.5k $35.0m | Added +291.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 468.9k $34.7m | Added +1.7k |
| Driehaus Capital Management LLC 0.24% of their portfolio | 458.6k $33.9m | Reduced -1.9k |
| DANSKE BANK A/S 0.08% of their portfolio | 450.0k $33.3m | Reduced -106.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 442.7k $32.8m | Reduced -2.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 438.7k $32.5m | Reduced -135.9k |
| One Fin Capital Management LP 10.93% of their portfolio | 420.0k $31.1m | New |
| Lombard Odier Asset Management (Europe) Ltd 1.69% of their portfolio | 419.8k $33.1m | New |
| Granahan Investment Management, LLC 1.26% of their portfolio | 415.2k $30.7m | Added +285.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.12% of their portfolio | 410.4k $30.4m | Added +124.2k |
| Legal & General Group Plc 0.01% of their portfolio | 395.9k $29.3m | Reduced -26.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 389.1k $28.8m | Added +25.4k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 382.7k $28.3m | Added +138.9k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 353.9k $26.2m | Added +6.0k |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 350.0k $25.9m | New |
| BlackBarn Capital Partners LP 8.45% of their portfolio | 350.0k $25.9m | Added +40.0k |
| BARCLAYS PLC 0.01% of their portfolio | 341.6k $25.3m | Reduced -16.9k |
| Goodman Financial Corp 4.76% of their portfolio | 330.3k $24.4m | Reduced -10.3k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 329.2k $24.4m | Reduced -1.0m |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 320.3k $15.3m | Unchanged |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.13% of their portfolio | 312.3k $23.1m | Reduced -20.5k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 309.2k $22.9m | Reduced -21.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 303.8k $22.5m | Added +206.5k |
| Swiss National Bank 0.01% of their portfolio | 286.5k $21.2m | Added +11.9k |
| FIL Ltd 0.02% of their portfolio | 285.0k $21.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 281.5k $20.8m | Reduced -255.6k |
| Merewether Investment Management, LP 0.50% of their portfolio | 280.9k $20.8m | Added +125.2k |
| Blue Door Asset Management, LLC 11.59% of their portfolio | 276.9k $20.5m | Reduced -31.6k |
| Foresight Group Ltd Liability Partnership 3.05% of their portfolio | 275.7k $20.4m | Reduced -8.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 252.1k $18.7m | Added +29.1k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.15% of their portfolio | 227.6k $16.8m | New |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 224.3k $16.6m | Added +16.3k |
| Squarepoint Ops LLC 0.03% of their portfolio | 222.2k $16.4m | Reduced -213.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 221.3k $16.4m | Reduced -396.1k |
| COMERICA BANK 0.06% of their portfolio | 215.1k $15.9m | Added +8.4k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 191.6k $14.2m | Added +32.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 186.4k $14.1m | Added +6.4k |
| Retirement Systems of Alabama 0.04% of their portfolio | 178.9k $13.2m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 177.8k $13.2m | Added +1.8k |
| TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio | 172.1k $12.7m | Reduced -419.6k |
| NORTH POINT PORTFOLIO MANAGERS CORP/OH 2.06% of their portfolio | 168.5k $12.5m | Reduced -1.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 163.7k $12.1m | Added +3.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 159.8k $11.8m | Reduced -2.4k |
| MetLife Investment Management, LLC 0.06% of their portfolio | 158.5k $11.7m | Reduced -981 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 153.5k $11.4m | Reduced -2.8k |
| Clear Harbor Asset Management, LLC 0.78% of their portfolio | 148.6k $11.0m | Reduced -2.6k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 147.3k $10.9m | Added +8.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 142.4k $10.5m | Reduced -8.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 140.1k $10.4m | Added +6.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 139.4k $10.3m | Added +1.8k |