Latest Next Capital Management LLC Stock Portfolio

Next Capital Management LLC Performance:

2025 Q2: 6.45%YTD: 3.05%2024: 12.23%

Performance for 2025 Q2 is 6.45%, and YTD is 3.05%, and 2024 is 12.23%.

About Next Capital Management LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Next Capital Management LLC reported an equity portfolio of $270.6 Millions as of 30 Jun, 2025.

The top stock holdings of Next Capital Management LLC are IJR, META, QQQ. The fund has invested 14.7% of it's portfolio in ISHARES CORE S&P 500 ETF and 4.5% of portfolio in META PLATFORMS INC CLASS A.

The fund managers got completely rid off ISHARES HIGH YIELD CORPORAT BOND ETF (ACWF), CHEVRON CORP NEW (CVX) and PARAMOUNT GLOBAL B MERGER ELECTION EXP: 04/03/25 (PARA) stocks. They significantly reduced their stock positions in JPMORGAN ULTRA SHORT INCOME ETF (BBAX), AMERICAN ELEC PWR CO INC (AEP) and VANGUARD FTSE EMERGING MARKETS ETF (VEU). Next Capital Management LLC opened new stock positions in MONGODB INC CLASS A (MDB), SABA CAPITAL INCOME OPPO and ILLUMINA INC (ILMN). The fund showed a lot of confidence in some stocks as they added substantially to BLACKROCK TCP CAP CORP (TCPC), MIDCAP FINL INVESTME (AIB) and JPMORGAN CHASE & CO (JPM).

Next Capital Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Next Capital Management LLC made a return of 6.45% in the last quarter. In trailing 12 months, it's portfolio return was 9.29%.

New Buys

Ticker	$ Bought
mongodb inc class a	902,327
saba capital income oppo	803,784
rivernorth doublline str	545,994
astera labs inc	468,556
tortoise energy infrastr	428,805
illumina inc	341,377
ark genomic revolution etf	317,670
new mtn fin corp	275,883

New stocks bought by Next Capital Management LLC

Additions

Ticker	% Inc.
blackrock tcp cap corp	2,131
midcap finl investme	329
jpmorgan chase & co	231
invesco s&p 500 quality etf	217
unitedhealth group inc	142
alphabet inc class a	130
johnson & johnson	117
ishares russell 1000 etf	117

Additions to existing portfolio by Next Capital Management LLC

Reductions

Ticker	% Reduced
jpmorgan ultra short income etf	-48.44
american elec pwr co inc	-36.78
vanguard ftse emerging markets etf	-22.1
golub cap bdc inc	-18.52
comcast corp new class a	-12.16
ecolab inc	-10.76
lennox intl inc	-4.09
ishares russell 2000 etf	-3.85

Next Capital Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
ishares high yield corporat bond etf	-1,045,990
paramount global b merger election exp: 04/03/25	-185,978
energy transfer l p lp	-161,882
sony group corp fsponsored adr 1 adr reps 1 ord shs	-93,562
chevron corp new	-202,962

Next Capital Management LLC got rid off the above stocks

Sector Distribution

Next Capital Management LLC has about 67.4% of it's holdings in Others sector.

Sector	%
Others	67.4
Financial Services	8
Technology	6.8
Communication Services	5.9
Consumer Cyclical	4.7
Consumer Defensive	2.4
Healthcare	2.1

Market Cap. Distribution

Next Capital Management LLC has about 26.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	67.4
MEGA-CAP	19.4
LARGE-CAP	7.1
SMALL-CAP	3.9
MID-CAP	1.9

Stocks belong to which Index?

About 25% of the stocks held by Next Capital Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	74.2
S&P 500	25

Top 5 Winners (%)		%
ETWO	e2open parent hldgs inc class a	61.5 %
NFLX	netflix inc	41.4 %
CRBU	caribou biosciences inc	35.5 %
NVDA	nvidia corp	31.0 %
META	meta platforms inc class a	28.0 %

Top 5 Winners ($)		$
IJR	ishares core s&p 500 etf	3.6 M
META	meta platforms inc class a	2.7 M
QQQ	invesco qqq trust	1.8 M
AMZN	amazon.com inc	1.2 M
IJR	ishares russell 1000 growth etf	1.2 M

Top 5 Losers (%)		%
UNH	unitedhealth group inc	-22.1 %
OKE	oneok inc new	-17.7 %
TFX	teleflex inc	-12.3 %
ABBV	abbvie inc	-9.7 %
JPM	jpmorgan chase & co	-9.6 %

Top 5 Losers ($)		$
AAPL	apple inc	-0.7 M
XLB	select sector health care spdr etf	-0.2 M
GBDC	golub cap bdc inc	-0.2 M
TFX	teleflex inc	-0.2 M
JPM	jpmorgan chase & co	-0.2 M

Next Capital Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Next Capital Management LLC

Next Capital Management LLC has 137 stocks in it's portfolio. About 47.1% of the portfolio is in top 10 stocks. AAPL proved to be the most loss making stock for the portfolio. IJR was the most profitable stock for Next Capital Management LLC last quarter.

Last Reported on: 05 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	IJR	ishares core s&p 500 etf	14.72	64,149	39,829,900	added	9.5
Historical Trend of ISHARES CORE S&P 500 ETF Position Held By Next Capital Management LLC What % of Portfolio is IJR?: Number of IJR shares held: Change in No. of Shares Held:
	META	meta platforms inc class a	4.54	16,657	12,294,500	added	0.26

	QQQ	invesco qqq trust	4.44	21,800	12,026,000	added	0.13

	IBCE	ishares core msci eafe etf	3.59	116,335	9,711,600	added	11.42

	AMZN	amazon.com inc	3.56	43,967	9,645,920	added	12.32

	AIB	midcap finl investme	3.38	725,401	9,154,560	added	329

	AAPL	apple inc	3.34	44,014	9,030,280	added	4.81

	VB	vanguard s&p 500 etf	3.31	15,748	8,958,640	added	95.87

	TCPC	blackrock tcp cap corp	3.23	1,134,830	8,738,160	added	2,131

	VB	vanguard total stock market etf	2.98	26,563	8,073,370	added	1.63

	IJR	ishares russell 1000 growth etf	2.85	18,167	7,713,500	reduced	-1.01

	IJR	ishares s&p 500 growth etf	1.94	47,773	5,259,760	added	2.3

	EMGF	ishares core msci emerging etf	1.82	82,147	4,931,290	added	10.85

	IJR	ishares russell 1000 etf	1.60	12,734	4,324,100	added	117

	NVDA	nvidia corp	1.58	27,033	4,270,990	added	114

	IJR	ishares core s&p small cap etf	1.53	37,949	4,147,460	added	8.82

	IJR	ishares russell 1000 value etf	1.53	21,295	4,136,050	added	3.48

		berkshire hathaway class b	1.52	8,449	4,104,270	added	14.39

	GBDC	golub cap bdc inc	1.51	279,444	4,093,860	reduced	-18.52

	IJR	ishares core s&p mid capetf	1.50	65,682	4,073,590	added	1.8