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 ($35.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.07. Options: 28 managers hold calls ($600.5m notional), 27 hold puts ($715.5m).
Trends to Q4 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 |
| Q4 2025 | 607 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 294 | 269 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $46.7m | $128.6m | 2.75 |
| Q2 2025 | $368.6m | $241.9m | 0.66 |
| Q3 2025 | $571.2m | $489.1m | 0.86 |
| Q4 2025 | $600.5m | $715.5m | 1.19 |
Biggest buyers
| FMR LLC | Added | +10.6m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.4m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +1.4m |
| LORD, ABBETT & CO. LLC | Added | +498.1k |
| ASSETMARK, INC | Added | +427.7k |
| Centiva Capital, LP | New | +369.3k |
| Driehaus Capital Management LLC | Added | +341.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +333.8k |
| GOLDMAN SACHS GROUP INC | Added | +312.8k |
| T. Rowe Price Investment Management, Inc. | Added | +307.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.9m |
| MACQUARIE GROUP LTD | Sold out | -991.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -913.4k |
| Pictet Asset Management Holding SA | Reduced | -863.7k |
| DEUTSCHE BANK AG\ | Reduced | -762.6k |
| Encompass Capital Advisors LLC | Reduced | -691.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -677.4k |
| Handelsbanken Fonder AB | Reduced | -616.7k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -508.9k |
| Qube Research & Technologies Ltd | Reduced | -425.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $117.9m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $90.2m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $60.5m695.0k shares |
| Walleye Trading LLC | Reduced | $44.9m515.0k shares |
| PEAK6 LLC | Added | $35.3m405.0k shares |
| IMC-Chicago, LLC | Added | $34.8m399.7k shares |
| GROUP ONE TRADING LLC | Reduced | $29.6m340.2k shares |
| Jefferies Financial Group Inc. | Added | $29.1m334.5k shares |
| SIMPLEX TRADING, LLC | Added | $20.0m229.2k shares |
| Twin Tree Management, LP | Added | $17.1m196.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $145.5m1.7m shares |
| UBS Group AG | New | $137.4m1.6m shares |
| BARCLAYS PLC | New | $73.2m840.0k shares |
| Walleye Trading LLC | Reduced | $57.7m662.4k shares |
| JANE STREET GROUP, LLC | Added | $53.0m607.9k shares |
| CITADEL ADVISORS LLC | Reduced | $47.5m545.8k shares |
| IMC-Chicago, LLC | Reduced | $30.1m345.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $26.6m305.5k shares |
| Jefferies Financial Group Inc. | Reduced | $26.6m304.9k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $18.3m209.6k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 4 | $8.6m | $7.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-11 | Bennett David P Chief Accounting Officer | Sold plan | $3.0m33.7k shares |
| 2025-12-01 | BOYNTON CHARLES D Chief Financial Officer | Sold plan | $402.0k4.5k shares |
| 2025-11-18 | WATKINS WILLIAM D Director | Sold | $918.5k10.0k shares |
| 2025-11-17 | SHUGAR DANIEL S Chief Executive Officer, director | Sold plan | $4.4m47.7k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.04% of their portfolio | 24.3m $2.1bn | Added +199.3k |
| FMR LLC 0.08% of their portfolio | 17.2m $1.5bn | Added +10.6m |
| VANGUARD GROUP INC 0.02% of their portfolio | 14.1m $1.2bn | Reduced -61.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.46% of their portfolio | 7.0m $605.6m | Reduced -508.9k |
| STATE STREET CORP 0.02% of their portfolio | 5.3m $464.4m | Reduced -60.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 4.2m $363.1m | Reduced -677.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 4.0m $350.4m | Added +236.6k |
| Invesco Ltd. 0.02% of their portfolio | 2.9m $249.5m | Added +139.2k |
| Pictet Asset Management Holding SA 0.24% of their portfolio | 2.8m $242.3m | Reduced -863.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.38% of their portfolio | 2.6m $225.4m | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 2.4m $211.6m | Added +111.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.4m $205.5m | Added +1.3k |
| NORGES BANK 0.02% of their portfolio | 2.0m $170.9m | Not comparable |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 1.8m $158.3m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $158.1m | Added +12.9k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.8m $154.7m | Reduced -109.0k |
| Amundi 0.04% of their portfolio | 1.7m $149.5m | Reduced -394.8k |
| Handelsbanken Fonder AB 0.42% of their portfolio | 1.6m $140.1m | Reduced -616.7k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 1.4m $120.0m | Added +307.8k |
| UBS Group AG 0.02% of their portfolio | 1.4m $118.9m | Added +257.3k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.33% of their portfolio | 1.4m $118.7m | Reduced -106.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.4m $118.5m | Reduced -1.9m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.3m $112.2m | Added +312.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.2m $101.5m | Added +128.7k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.1m $96.6m | Reduced -762.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.40% of their portfolio | 1.1m $95.0m | Reduced -307.8k |
| EARNEST PARTNERS LLC 0.40% of their portfolio | 1.1m $92.9m | Reduced -211.6k |
| Nuveen, LLC 0.02% of their portfolio | 1.0m $89.8m | Reduced -81.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 983.7k $85.7m | Reduced -76.7k |
| MORGAN STANLEY 0.01% of their portfolio | 973.5k $84.8m | Reduced -2.5k |
| Robeco Schweiz AG 1.77% of their portfolio | 905.3k $78.9m | Reduced -8.3k |
| LORD, ABBETT & CO. LLC 0.23% of their portfolio | 848.1k $73.9m | Added +498.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.15% of their portfolio | 813.6k $70.9m | Reduced -139.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 810.1k $70.6m | First filing |
| Driehaus Capital Management LLC 0.47% of their portfolio | 799.7k $69.7m | Added +341.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 736.7k $64.2m | Added +119.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.17% of their portfolio | 724.9k $63.1m | Reduced -142.3k |
| Erste Asset Management GmbH 0.55% of their portfolio | 719.6k $64.9m | Reduced -20.7k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 717.9k $62.5m | Added +42.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.00% of their portfolio | 639.7k $55.7m | Reduced -399.3k |
| Electron Capital Partners, LLC 2.56% of their portfolio | 631.7k $55.0m | Added +65.3k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 604.3k $52.6m | Reduced -190.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 597.4k $52.0m | Reduced -207.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 583.1k $50.8m | Reduced -30.6k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 581.5k $50.6m | Reduced -333.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 525.7k $45.8m | Added +4.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 504.4k $43.9m | Reduced -296.4k |
| Encompass Capital Advisors LLC 2.08% of their portfolio | 499.8k $43.5m | Reduced -691.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 463.9k $40.4m | Reduced -242.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 448.2k $39.0m | Added +144.4k |
| Skandinaviska Enskilda Banken AB (publ) 0.16% of their portfolio | 447.1k $38.9m | Reduced -267.3k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 445.4k $38.8m | Reduced -58.2k |
| ALGERT GLOBAL LLC 0.60% of their portfolio | 443.5k $38.6m | Reduced -108.2k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 440.6k $38.4m | Added +86.7k |
| ASSETMARK, INC 0.08% of their portfolio | 427.8k $37.3m | Added +427.7k |
| Legal & General Group Plc 0.01% of their portfolio | 414.3k $36.1m | Added +18.4k |
| TUDOR INVESTMENT CORP ET AL 0.19% of their portfolio | 403.1k $35.1m | Added +230.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 395.5k $34.5m | Reduced -73.3k |
| Granahan Investment Management, LLC 1.44% of their portfolio | 384.7k $33.5m | Reduced -30.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 375.5k $32.7m | Added +333.8k |
| Centiva Capital, LP 1.95% of their portfolio | 369.3k $32.2m | New |
| BARCLAYS PLC 0.01% of their portfolio | 368.7k $32.1m | Added +27.1k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.84% of their portfolio | 344.8k $30.0m | Reduced -128.7k |
| Goodman Financial Corp 5.44% of their portfolio | 330.0k $28.7m | Reduced -240 |
| FIL Ltd 0.02% of their portfolio | 320.3k $27.9m | Added +35.4k |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 320.3k $15.5m | Unchanged |
| One Fin Capital Management LP 9.12% of their portfolio | 300.0k $26.1m | Reduced -120.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 298.7k $26.0m | Reduced -144.0k |
| Perpetual Ltd 0.37% of their portfolio | 291.7k $25.4m | Added +281.9k |
| Swiss National Bank 0.02% of their portfolio | 291.6k $25.4m | Added +5.1k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 280.9k $24.5m | Reduced -28.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 272.2k $23.7m | Reduced -9.3k |
| Arbejdsmarkedets Tillaegspension 0.58% of their portfolio | 262.6k $22.9m | First filing |
| &PARTNERS 0.12% of their portfolio | 261.8k $22.8m | Added +256.0k |
| Bridgewater Associates, LP 0.08% of their portfolio | 254.7k $22.2m | Added +165.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 252.1k $22.0m | Reduced -14 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 248.6k $21.7m | Reduced -190.1k |
| Wealth High Governance Asset Management Ltda. 3.80% of their portfolio | 244.1k $21.3m | First filing |
| DANSKE BANK A/S 0.05% of their portfolio | 229.4k $20.0m | Reduced -220.7k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.11% of their portfolio | 227.0k $19.8m | Reduced -85.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 222.7k $19.4m | Reduced -160.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 220.5k $19.2m | Added +42.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 219.5k $19.1m | Added +115.0k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 194.8k $17.0m | Reduced -29.5k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 191.2k $16.7m | Reduced -393 |
| Foresight Group Ltd Liability Partnership 2.43% of their portfolio | 184.9k $16.2m | Reduced -90.9k |
| Retirement Systems of Alabama 0.05% of their portfolio | 178.1k $15.5m | Reduced -808 |
| NORTH POINT PORTFOLIO MANAGERS CORP/OH 2.49% of their portfolio | 168.8k $14.7m | Added +334 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 163.2k $14.2m | Added +3.4k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.81% of their portfolio | 163.0k $14.2m | Added +56.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 162.8k $14.3m | Reduced -23.6k |
| Tenzing Global Management, LLC 12.01% of their portfolio | 162.5k $14.2m | Added +112.5k |
| Swedbank AB 0.01% of their portfolio | 159.5k $13.9m | Added +23.0k |
| BW Gestao de Investimentos Ltda. 0.48% of their portfolio | 155.9k $13.6m | New |
| Wealth High Governance Capital Ltda 3.98% of their portfolio | 155.9k $13.6m | New |
| Blue Door Asset Management, LLC 8.24% of their portfolio | 151.0k $13.2m | Reduced -125.9k |
| MetLife Investment Management, LLC 0.06% of their portfolio | 150.5k $13.1m | Reduced -8.0k |
| Clear Harbor Asset Management, LLC 0.88% of their portfolio | 147.7k $12.9m | Reduced -888 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 147.1k $12.8m | Reduced -6.4k |
| CREDIT AGRICOLE S A 0.04% of their portfolio | 146.7k $12.8m | Added +63.7k |