NEXTNAV INC NN
COMMON STOCK · Common Stock · CUSIP 65345N106
Company based in California
- IndustrySearch, Detection, Navigation, Guidance, Aeronautical Sys
- HeadquartersReston, VA
- Founded2007
- Websitenextnav.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 ($136.8k this quarter). Holder counts are more reliable. Shares outstanding: 168.8m as of 2026-08-07, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $17.83. Options: 37 managers hold calls ($266.0m notional), 15 hold puts ($47.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 67 |
| Q4 2022 | 60 |
| Q1 2023 | 64 |
| Q2 2023 | 65 |
| Q3 2023 | 72 |
| Q4 2023 | 91 |
| Q1 2024 | 93 |
| Q2 2024 | 115 |
| Q3 2024 | 127 |
| Q4 2024 | 156 |
| Q1 2025 | 174 |
| Q2 2025 | 182 |
| Q3 2025 | 174 |
| Q4 2025 | 186 |
| Q1 2026 | 192 |
| Q2 2026 | 228 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 73 | 36 |
| Q4 2024 | 96 | 44 |
| Q1 2025 | 122 | 41 |
| Q2 2025 | 111 | 57 |
| Q3 2025 | 87 | 69 |
| Q4 2025 | 103 | 68 |
| Q1 2026 | 111 | 67 |
| Q2 2026 | 148 | 65 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $108.0m | $35.1m | 0.32 |
| Q4 2025 | $130.7m | $38.2m | 0.29 |
| Q1 2026 | $161.4m | $36.6m | 0.23 |
| Q2 2026 | $266.0m | $47.7m | 0.18 |
Biggest buyers
| Fortress Investment Group LLC | Added | +4.0m |
| PointState Capital LP | New | +3.1m |
| T. Rowe Price Investment Management, Inc. | New | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.7m |
| Whitefort Capital Management, LP | Added | +1.5m |
| BlackRock, Inc. | Added | +868.3k |
| Warberg Asset Management LLC | New | +859.8k |
| VAN ECK ASSOCIATES CORP | Added | +804.9k |
| MILFAM LLC | Added | +752.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +535.4k |
Biggest sellers
| Wolf Hill Capital Management, LP | Reduced | -4.3m |
| Empyrean Capital Partners, LP | Sold out | -1.4m |
| UBS Group AG | Reduced | -1.3m |
| Ancora Advisors LLC | Reduced | -1.1m |
| Philosophy Capital Management LLC | Sold out | -550.0k |
| PLUSTICK MANAGEMENT LLC | Reduced | -458.0k |
| Clutterbuck Capital Management LLC | Reduced | -336.5k |
| Walleye Capital LLC | Sold out | -300.4k |
| Interval Partners, LP | Reduced | -220.6k |
| Walleye Trading LLC | Sold out | -159.7k |
Biggest calls
| PointState Capital LP | New | $67.6m3.8m shares |
| GROUP ONE TRADING LLC | Added | $36.5m2.0m shares |
| CITADEL ADVISORS LLC | Added | $34.4m1.9m shares |
| Caption Management, LLC | Added | $23.5m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.4m1.1m shares |
| IMC-Chicago, LLC | Added | $13.2m741.7k shares |
| JANE STREET GROUP, LLC | Added | $13.0m729.4k shares |
| Point72 Asset Management, L.P. | Reduced | $11.6m652.4k shares |
| MOORE CAPITAL MANAGEMENT, LP | New | $7.2m401.8k shares |
| SONA ASSET MANAGEMENT (US) LLC | New | $7.1m400.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $13.8m774.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.0m448.9k shares |
| Caption Management, LLC | Added | $4.3m242.4k shares |
| GROUP ONE TRADING LLC | Reduced | $4.3m242.1k shares |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | New | $3.6m200.0k shares |
| IMC-Chicago, LLC | Added | $3.5m197.0k shares |
| JANE STREET GROUP, LLC | Added | $2.3m126.6k shares |
| Ancora Advisors LLC | Added | $2.0m6.2k shares |
| Clutterbuck Capital Management LLC | Added | $2.0m6.2k shares |
| Crawford Fund Management, LLC | Added | $1.4m80.7k 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 |
|---|---|
| FIG Buyer GP, LLC 13G · passive investor -2.5 pts · filed 2026-08-14 | 12.8% |
| OSI Capital Management LLC 13G · passive investor filed 2026-02-17 | 9.8% |
| SAMBERG JOSEPH D 13G · passive investor -2.3 pts · filed 2026-08-13 | 7.8% |
| PointState Capital LP 13G · passive investor new · filed 2026-05-21 | 5.7% |
| CAPITAL VENTURES INTERNATIONAL 13G · passive investor -1.7 pts · filed 2026-08-14 | 5.4% |
| BlackRock, Inc. 13G · institution new · filed 2025-10-17 | 5.1% |
Fell to 5% or below in the last year: Wolf Hill Capital Management, LP (2.1%, 2026-08-13), SUBIN NEIL S (3.9%, 2026-05-22), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
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 2024 | 0 | — | 5 | $4.3m | $4.2m |
| Q1 2025 | 0 | — | 4 | $1.1m | $1.1m |
| Q2 2025 | 0 | — | 3 | $1.1m | $1.1m |
| Q3 2025 | 0 | — | 3 | $1.4m | $1.4m |
| Q4 2025 | 0 | — | 3 | $1.2m | $1.2m |
| Q1 2026 | 0 | — | 5 | $1.9m | $1.7m |
| Q2 2026 | 0 | — | 4 | $1.6m | $1.6m |
| Q3 2026 | 0 | — | 5 | $1.4m | $1.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-24 | Insley Susan Brasse Chief Operating Officer | Sold plan | $33.7k2.4k shares |
| 2026-09-23 | Gray Timothy Chief Financial Officer | Sold | $162.5k11.1k shares |
| 2026-09-17 | Shams Sammaad Chief Accounting Officer | Sold plan | $23.1k1.6k shares |
| 2026-09-16 | Shams Sammaad Chief Accounting Officer | Sold plan | $6.4k430 shares |
| 2026-09-15 | Insley Susan Brasse Chief Operating Officer | Sold plan | $13.0k849 shares |
| 2026-09-14 | Black James S General Counsel | Sold plan | $28.8k1.9k shares |
| 2026-09-03 | Sorond Mariam CEO, President and Director, director | Sold plan | $1.1m69.9k shares |
| 2026-09-03 | Sorond Mariam CEO, President and Director, director | Sold plan | $41.7k2.8k shares |
| 2026-06-29 | Shams Sammaad Chief Accounting Officer | Sold plan | $35.8k2.0k shares |
| 2026-06-24 | Insley Susan Brasse Chief Operating Officer | Sold plan | $40.6k2.4k shares |
| 2026-06-16 | Sorond Mariam CEO, President and Director, director | Sold plan | $51.9k2.8k shares |
| 2026-06-16 | Insley Susan Brasse Chief Operating Officer | Sold plan | $16.4k849 shares |
| 2026-06-12 | Black James S General Counsel | Sold plan | $43.1k1.9k shares |
| 2026-06-01 | Sorond Mariam CEO, President and Director, director | Sold plan | $1.4m69.9k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Fortress Investment Group LLC 61.04% of their portfolio | 18.2m $323.9m | Added +4.0m |
| Clutterbuck Capital Management LLC 92.02% of their portfolio | 9.0m $159.8m | Reduced -336.5k |
| BlackRock, Inc. 0.00% of their portfolio | 8.3m $148.8m | Added +868.3k |
| SUSQUEHANNA ADVISORS GROUP, INC. 2.72% of their portfolio | 5.6m $99.0m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.9m $70.2m | Added +31.8k |
| MILFAM LLC 46.18% of their portfolio | 3.3m $58.3m | Added +752.7k |
| PointState Capital LP 0.98% of their portfolio | 3.1m $55.5m | New |
| Wolf Hill Capital Management, LP 4.73% of their portfolio | 2.7m $48.8m | Reduced -4.3m |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 2.7m $48.7m | Added +804.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 2.6m $45.8m | Added +218.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $45.6m | Added +212.1k |
| STATE STREET CORP 0.00% of their portfolio | 2.3m $41.8m | Added +108.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 2.2m $39.0m | Added +1.7m |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 1.9m $33.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.9m $33.4m | Added +535.4k |
| Whitefort Capital Management, LP 7.01% of their portfolio | 1.6m $28.5m | Added +1.5m |
| UBS Group AG 0.00% of their portfolio | 1.3m $23.8m | Reduced -1.3m |
| PLUSTICK MANAGEMENT LLC 9.45% of their portfolio | 1.2m $22.3m | Reduced -458.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 1.2m $21.7m | Added +140.2k |
| Ancora Advisors LLC 0.37% of their portfolio | 1.1m $19.3m | Reduced -1.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.1m $19.3m | Added +12.3k |
| GROUP ONE TRADING LLC 0.53% of their portfolio | 1.0m $18.4m | Reduced -182 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 878.2k $15.7m | Added +84.2k |
| INGALLS & SNYDER LLC 0.42% of their portfolio | 868.7k $15.5m | Added +111.4k |
| Warberg Asset Management LLC 4.54% of their portfolio | 859.8k $15.3m | New |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 855.6k $15.3m | Added +399.8k |
| Weiss Asset Management LP 0.16% of their portfolio | 798.3k $14.2m | Not comparable |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 779.8k $13.9m | Added +34.8k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 722.4k $12.9m | Added +529.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 653.3k $11.6m | Added +30.2k |
| GENERAL AMERICAN INVESTORS CO INC 0.70% of their portfolio | 649.8k $11.6m | Added +29.6k |
| FMR LLC 0.00% of their portfolio | 632.7k $11.3m | Added +520.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 596.0k $10.6m | Added +522.5k |
| SONA ASSET MANAGEMENT (US) LLC 0.38% of their portfolio | 569.7k $10.2m | Added +48.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 552.2k $9.8m | Added +292.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 523.1k $9.3m | Reduced -104.0k |
| BARCLAYS PLC 0.00% of their portfolio | 452.5k $8.1m | Reduced -115.5k |
| Trexquant Investment LP 0.05% of their portfolio | 445.8k $7.9m | New |
| Prentice Capital Management, LP 15.33% of their portfolio | 439.7k $7.8m | Added +11.9k |
| Greenhaven Road Investment Management, L.P. 5.09% of their portfolio | 439.5k $7.8m | Added +90.1k |
| MORGAN STANLEY 0.00% of their portfolio | 438.9k $7.8m | Added +66.6k |
| Nuveen, LLC 0.00% of their portfolio | 361.3k $6.4m | Added +84.5k |
| LPL Financial LLC 0.00% of their portfolio | 359.2k $6.4m | Added +46.7k |
| Owl Creek Asset Management, L.P. 0.54% of their portfolio | 341.8k $6.1m | New |
| Jupiter Topco LLC 0.00% of their portfolio | 337.0k $6.0m | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 336.5k $6.0m | Added +13.3k |
| IMC-Chicago, LLC 0.05% of their portfolio | 305.7k $5.5m | Added +100.9k |
| AYAL Capital Advisors Ltd 2.57% of their portfolio | 281.6k $5.0m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 280.7k $5.0m | Added +26.2k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 260.9k $4.7m | Added +113.7k |
| SCOGGIN MANAGEMENT LP 1.06% of their portfolio | 250.0k $4.5m | New |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 2.00% of their portfolio | 250.0k $4.5m | New |
| Steward Partners Investment Advisory, LLC 0.02% of their portfolio | 243.2k $4.3m | Added +1.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 234.0k $4.2m | Reduced -62.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 229.1k $4.1m | Added +172.8k |
| BlueCrest Capital Management Ltd 0.17% of their portfolio | 225.0k $4.0m | New |
| Interval Partners, LP 0.12% of their portfolio | 214.3k $3.8m | Reduced -220.6k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 214.1k $3.8m | Added +171.7k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 197.0k $3.5m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 187.8k $3.3m | Reduced -14.9k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 181.8k $3.2m | Reduced -120.2k |
| WITTENBERG INVESTMENT MANAGEMENT, INC. 1.08% of their portfolio | 176.8k $3.2m | Added +48.5k |
| MOORE CAPITAL MANAGEMENT, LP 0.07% of their portfolio | 169.3k $3.0m | New |
| KELLY FINANCIAL GROUP LLC 0.61% of their portfolio | 153.5k $2.7m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 152.1k $2.7m | Added +71.0k |
| Swiss National Bank 0.00% of their portfolio | 149.6k $2.7m | Added +3.5k |
| Potrero Capital Research LLC 1.58% of their portfolio | 145.0k $2.6m | New |
| Quinn Opportunity Partners LLC 0.11% of their portfolio | 136.0k $2.4m | Reduced -9.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 133.6k $2.1m | Added +23.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 126.8k $2.3m | Added +15.0k |
| Cresset Asset Management, LLC 0.01% of their portfolio | 125.1k $2.2m | Added +87.0k |
| BOSTON FAMILY OFFICE LLC 0.14% of their portfolio | 125.0k $2.2m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 115.8k $2.1m | Added +22.2k |
| ROYCE & ASSOCIATES LP 0.02% of their portfolio | 113.9k $2.0m | Added +10.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 113.1k $2.0m | Added +96.7k |
| XTX Topco Ltd 0.02% of their portfolio | 103.6k $1.8m | Added +88.6k |
| Sender Co & Partners, Inc. 0.74% of their portfolio | 99.1k $1.8m | Reduced -103.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 93.5k $1.7m | Added +13.0k |
| CITIGROUP INC 0.00% of their portfolio | 91.9k $1.6m | Added +62.2k |
| VARCOV Co. 0.60% of their portfolio | 88.8k $1.6m | New |
| Perigon Wealth Management, LLC 0.02% of their portfolio | 87.7k $1.6m | Added +39.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 85.0k $1.5m | Reduced -12.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 83.4k $1.5m | Added +13.3k |
| Numerai GP LLC 0.12% of their portfolio | 83.3k $1.5m | Reduced -40.7k |
| Potomac Capital Management, Inc. 1.03% of their portfolio | 79.0k $1.4m | Added +41.5k |
| Verition Fund Management LLC 0.01% of their portfolio | 75.0k $1.3m | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 71.8k $1.3m | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 68.0k $1.2m | Added +15.5k |
| LMR Partners LLP 0.01% of their portfolio | 65.4k $1.2m | New |
| Legal & General Group Plc 0.00% of their portfolio | 63.7k $1.1m | Added +6.1k |
| Cruiser Capital Advisors, LLC 0.67% of their portfolio | 60.5k $1.1m | Reduced -28.3k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 60.0k $1.1m | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 59.6k $1.1m | Added +5.4k |
| DigitalBridge Group, Inc. 0.06% of their portfolio | 58.0k $1.0m | Reduced -61.5k |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 57.1k $1.0m | Added +71 |
| T3 Companies, LLC 1.16% of their portfolio | 57.0k $1.0m | Added +12.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 56.8k $1.0m | Added +8.2k |
| Wharton Business Group, LLC 0.03% of their portfolio | 56.4k $1.0m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 55.9k $995.9k | Reduced -10.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 53.6k $955.2k | New |