Laughing Water
NN · Phone & cable networks

NextNav

Builds a backup to GPS that can also tell which floor a phone is on.
Owns it

What the manager says

In short: Backup to GPS that owns valuable airwaves; waiting on a US regulator’s decision to unlock their value.

The numbers

Share of the fund
Not disclosed
Named in
Q2 2026 letter
Also owned by
No other fund we follow
More about NextNav
This fund doesn’t file the government report, so share counts aren’t public.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works