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 ($572.9k this quarter). Holder counts are more reliable. Shares outstanding: 133.1m as of 2025-08-04, 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 ≈ $15.20. Options: 19 managers hold calls ($89.0m notional), 14 hold puts ($43.4m).
Trends to Q2 2025
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 |
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 2023 | 34 | 28 |
| Q4 2023 | 63 | 13 |
| Q1 2024 | 53 | 37 |
| Q2 2024 | 83 | 26 |
| Q3 2024 | 73 | 36 |
| Q4 2024 | 96 | 44 |
| Q1 2025 | 122 | 41 |
| Q2 2025 | 111 | 57 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $27.2m | $6.8m | 0.25 |
| Q4 2024 | $59.2m | $24.8m | 0.42 |
| Q1 2025 | $67.6m | $21.3m | 0.32 |
| Q2 2025 | $89.0m | $43.4m | 0.49 |
Biggest buyers
| VANGUARD GROUP INC | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +631.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +508.1k |
| Interval Partners, LP | Added | +348.6k |
| JANE STREET GROUP, LLC | Added | +318.9k |
| FIRST TRUST ADVISORS LP | New | +310.9k |
| SONA ASSET MANAGEMENT (US) LLC | Added | +302.7k |
| GROUP ONE TRADING LLC | Added | +268.3k |
| BlackRock, Inc. | Added | +266.5k |
| BANK OF AMERICA CORP /DE/ | Added | +230.0k |
Biggest sellers
| FLEMING JAMES B JR | Reduced | -1.1m |
| Invesco Ltd. | Reduced | -896.5k |
| Troluce Capital Advisors LLC | Sold out | -421.7k |
| CITADEL ADVISORS LLC | Reduced | -393.4k |
| Wolf Hill Capital Management, LP | Reduced | -363.6k |
| Ancora Advisors LLC | Reduced | -362.4k |
| BRC Group Holdings, Inc. | Sold out | -209.9k |
| Blue Owl Capital Holdings LP | Sold out | -198.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -135.7k |
| MORGAN STANLEY | Reduced | -126.7k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $18.4m1.2m shares |
| Caption Management, LLC | Added | $12.2m803.7k shares |
| Point72 Asset Management, L.P. | Added | $9.0m590.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.6m593.1k shares |
| CITADEL ADVISORS LLC | Added | $8.4m550.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.5m490.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.0m458.0k shares |
| WOLVERINE TRADING, LLC | Added | $6.9m460.7k shares |
| IMC-Chicago, LLC | Added | $5.9m386.9k shares |
| JANE STREET GROUP, LLC | Reduced | $1.7m111.5k shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $11.8m777.0k shares |
| CITADEL ADVISORS LLC | Reduced | $5.4m357.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.0m329.5k shares |
| SIMPLEX TRADING, LLC | Added | $4.5m294.5k shares |
| Crawford Fund Management, LLC | Added | $4.2m274.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.6m171.4k shares |
| IMC-Chicago, LLC | Added | $2.4m155.5k shares |
| JANE STREET GROUP, LLC | New | $2.1m136.2k shares |
| Caption Management, LLC | Reduced | $2.0m130.0k shares |
| Walleye Capital LLC | Added | $1.5m97.8k 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 in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 6 | $346.9k | $6.5k |
| Q4 2023 | 0 | — | 5 | $692.2k | $690.1k |
| Q1 2024 | 1 | $688.0k | 5 | $433.2k | $152.5k |
| Q2 2024 | 1 | $1.1m | 3 | $597.8k | — |
| Q3 2024 | 1 | $1.7m | 3 | $28.9k | — |
| Q4 2024 | 0 | — | 5 | $4.3m | $4.2m |
| Q1 2025 | 0 | — | 4 | $1.1m | $1.1m |
| Q2 2025 | 0 | — | 3 | $1.1m | $1.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-20 | Sorond Mariam CEO, President and Director, director | Sold plan | $1.0m69.9k shares |
| 2025-06-20 | Shams Sammaad Chief Accounting Officer | Sold plan | $1.5k102 shares |
| 2025-06-17 | Gates Christian D. Chief Financial Officer | Sold plan | $89.3k6.4k shares |
| 2025-06-17 | Shams Sammaad Chief Accounting Officer | Sold plan | $19.6k1.4k shares |
| 2025-05-12 | Gates Christian D. Chief Financial Officer | Sold plan | $16.2k1.3k 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 2025
| Manager | Shares | Change |
|---|---|---|
| Fortress Investment Group LLC 30.51% of their portfolio | 14.2m $215.5m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 6.5m $99.5m | Added +266.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 6.3m $96.0m | Added +1.6m |
| SUSQUEHANNA ADVISORS GROUP, INC. 2.91% of their portfolio | 4.8m $73.3m | Unchanged |
| FLEMING JAMES B JR 97.39% of their portfolio | 3.9m $59.6m | Reduced -1.1m |
| Wolf Hill Capital Management, LP 4.68% of their portfolio | 3.7m $56.4m | Reduced -363.6k |
| PLUSTICK MANAGEMENT LLC 19.71% of their portfolio | 2.2m $33.2m | Reduced -53.8k |
| GROUP ONE TRADING LLC 1.09% of their portfolio | 2.2m $33.1m | Added +268.3k |
| STATE STREET CORP 0.00% of their portfolio | 2.1m $32.3m | Added +59.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.9m $29.4m | Added +115.3k |
| Ancora Advisors LLC 0.59% of their portfolio | 1.9m $28.5m | Reduced -362.4k |
| Empyrean Capital Partners, LP 1.19% of their portfolio | 1.7m $25.6m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 1.5m $22.4m | Added +96.8k |
| UBS Group AG 0.00% of their portfolio | 1.5m $22.2m | Added +16.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.2m $19.0m | Added +508.1k |
| Interval Partners, LP 0.40% of their portfolio | 1.2m $17.6m | Added +348.6k |
| GENERAL AMERICAN INVESTORS CO INC 1.14% of their portfolio | 1.1m $17.0m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $16.7m | Added +631.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 737.7k $11.2m | Added +26.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 610.7k $9.3m | Added +34.0k |
| SONA ASSET MANAGEMENT (US) LLC 0.30% of their portfolio | 575.1k $8.7m | Added +302.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 541.0k $8.2m | Reduced -393.4k |
| MORGAN STANLEY 0.00% of their portfolio | 537.2k $8.2m | Reduced -126.7k |
| INGALLS & SNYDER LLC 0.28% of their portfolio | 513.9k $7.8m | Added +49.2k |
| Prentice Capital Management, LP 10.94% of their portfolio | 432.0k $6.6m | Added +102.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 427.0k $6.5m | Reduced -135.7k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 386.9k $5.9m | Added +190.7k |
| BARCLAYS PLC 0.00% of their portfolio | 383.9k $5.8m | Added +107.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 373.8k $5.7m | Added +230.0k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 363.0k $5.5m | Added +102.6k |
| Epoch Investment Partners, Inc. 0.03% of their portfolio | 359.4k $5.5m | Reduced -89.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 359.4k $5.5m | Reduced -68.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 341.9k $5.2m | Added +318.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 310.9k $4.7m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 270.3k $4.1m | Added +21.4k |
| Nuveen, LLC 0.00% of their portfolio | 267.7k $4.1m | Added +58.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 260.7k $4.0m | Added +125.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 242.8k $3.7m | Added +23.8k |
| Steward Partners Investment Advisory, LLC 0.03% of their portfolio | 219.9k $3.3m | Added +6.0k |
| LPL Financial LLC 0.00% of their portfolio | 212.2k $3.2m | Added +40.4k |
| GILDER GAGNON HOWE & CO LLC 0.03% of their portfolio | 197.7k $3.0m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 191.3k $2.9m | New |
| Verition Fund Management LLC 0.02% of their portfolio | 178.2k $2.7m | Added +3.5k |
| ROYCE & ASSOCIATES LP 0.03% of their portfolio | 172.9k $2.6m | Added +11.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 171.2k $2.6m | Added +78.0k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 167.4k $2.5m | Added +96.8k |
| Utah Retirement Systems 0.03% of their portfolio | 166.1k $2.5m | Unchanged |
| WOLVERINE TRADING, LLC 0.06% of their portfolio | 158.9k $2.4m | Added +82.2k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 157.6k $2.4m | Reduced -98.7k |
| Sender Co & Partners, Inc. 1.03% of their portfolio | 147.3k $2.2m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 146.1k $2.2m | New |
| DigitalBridge Group, Inc. 0.22% of their portfolio | 145.8k $2.2m | Reduced -29.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 144.7k $2.2m | Added +58.8k |
| Swiss National Bank 0.00% of their portfolio | 138.8k $2.1m | Added +12.3k |
| Caption Management, LLC 0.19% of their portfolio | 135.5k $2.1m | Reduced -73.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 125.5k $1.9m | Added +101.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 125.4k $1.9m | Added +19.5k |
| BOSTON FAMILY OFFICE LLC 0.13% of their portfolio | 125.0k $1.9m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 112.9k $1.7m | Added +107.3k |
| Quinn Opportunity Partners LLC 0.14% of their portfolio | 105.5k $1.6m | Reduced -48.4k |
| Fairway Wealth LLC 0.49% of their portfolio | 100.0k $1.5m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 95.7k $1.5m | Added +8.0k |
| IMC-Chicago, LLC 0.03% of their portfolio | 91.0k $1.4m | Reduced -23.8k |
| Cannell & Spears LLC 0.03% of their portfolio | 84.9k $1.3m | Reduced -92.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 79.7k $1.2m | Added +8.7k |
| Legal & General Group Plc 0.00% of their portfolio | 68.9k $1.0m | Added +13.0k |
| Cruiser Capital Advisors, LLC 1.34% of their portfolio | 68.9k $1.0m | Added +10.0k |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.20% of their portfolio | 67.8k $1.0m | Added +10.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 66.1k $1.0m | Reduced -6.5k |
| Walleye Trading LLC 0.02% of their portfolio | 65.2k $990.6k | Added +62.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 61.8k $938.9k | Added +15.6k |
| Greenhaven Road Investment Management, L.P. 0.32% of their portfolio | 60.0k $912.0k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 57.0k $866.4k | Unchanged |
| MAI Capital Management 0.01% of their portfolio | 56.5k $859.1k | Added +7.0k |
| Wharton Business Group, LLC 0.04% of their portfolio | 56.4k $857.0k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 53.1k $807.0k | Added +6.9k |
| KITCHING PARTNERS, LLC 0.77% of their portfolio | 50.2k $762.9k | Added +10.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 49.8k $756.8k | Added +573 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 49.6k $753.3k | Added +8.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 48.3k $733.4k | Added +714 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 44.0k $669.0k | Added +9.6k |
| Invesco Ltd. 0.00% of their portfolio | 43.9k $666.6k | Reduced -896.5k |
| CITIGROUP INC 0.00% of their portfolio | 43.6k $662.3k | Reduced -24.0k |
| Walleye Capital LLC 0.01% of their portfolio | 41.7k $634.1k | Added +19.9k |
| Cadence Bank 0.04% of their portfolio | 41.0k $623.2k | Unchanged |
| SummitTX Capital, L.P. 0.03% of their portfolio | 39.7k $603.7k | Reduced -14.4k |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 38.0k $577.6k | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 36.9k $560.3k | Added +388 |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 36.6k $556.4k | Reduced -6.6k |
| Waverly Advisors, LLC 0.01% of their portfolio | 36.5k $555.6k | Added +2.2k |
| WHITEBOX ADVISORS LLC 0.02% of their portfolio | 36.3k $551.7k | Unchanged |
| DELTEC ASSET MANAGEMENT LLC 0.09% of their portfolio | 35.0k $532.0k | Unchanged |
| Amundi 0.00% of their portfolio | 34.6k $534.4k | Added +5.8k |
| Quadrature Capital Ltd 0.01% of their portfolio | 34.0k $516.6k | Added +20.0k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 32.9k $500.8k | Added +12.7k |
| Obermeyer Wealth Partners 0.02% of their portfolio | 32.5k $494.0k | Added +7.4k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 29.8k $453.0k | Reduced -25.7k |
| Creative Planning 0.00% of their portfolio | 29.2k $443.6k | Added +13.1k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 29.0k $440.8k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 28.9k $439.4k | Unchanged |