Latest Next Capital Management LLC Stock Portfolio

$330Million– No. of Holdings #134

Next Capital Management LLC Performance:

2026 Q1: -5.62%YTD: -5.62%2025: 11.2%

Performance for 2026 Q1 is -5.62%, and YTD is -5.62%, and 2025 is 11.2%.

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

On 2026-05-07, the fund reported it's updated stock portfolio. In the 13F Holdings report, Next Capital Management LLC reported an equity portfolio of $330.2 Millions as of 31 Mar, 2026.

The top stock holdings of Next Capital Management LLC are IJR, AIB, . The fund has invested 14% of it's portfolio in ISHARES CORE S&P 500 ETF and 6.4% of portfolio in MIDCAP FINL INVESTME.

The fund managers got completely rid off BERKSHIRE HATHAWAY INC DCLASS A, TELEFLEX INC (TFX) and CSG SYS INTL INC (CSGS) stocks. They significantly reduced their stock positions in RAYONIER ADVANCED MA (RYAM), JPMORGAN ULTRA-SHORT INCOME ETF (BBAX) and VANECK GOLD MINERS ETF (AFK). Next Capital Management LLC opened new stock positions in SALESFORCE INC (CRM), TPG INC CLASS CLASS A (TPG) and SPDR GOLD SHARES (GLD). The fund showed a lot of confidence in some stocks as they added substantially to APOLLO GLOBAL MGMT INC NCLASS CLASS A, BLACKSTONE INC (BX) and KKR & CO INC (KKR).

Next Capital Management LLC Equity Portfolio Value

Last Reported on: 07 May, 2026

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

Our best estimate is that Next Capital Management LLC made a return of -5.62% in the last quarter. In trailing 12 months, it's portfolio return was 8.49%.

Performance
S&P 500

New Buys

Ticker	$ Bought
salesforce inc	2,118,700
tpg inc class class a	1,052,370
spdr gold shares	851,544
ishares expanded tech-software sector etf	769,337
philip morris intl inc	559,127
wisdomtree japan hedged equity fund	372,663
ishares russell 2000 value etf	359,842
corning inc	271,940

New stocks bought by Next Capital Management LLC

Additions

Ticker	% Inc.
apollo global mgmt inc nclass class a	1,142
blue owl cap corp	610
blackstone inc	389
kkr & co inc	135
golub cap bdc inc	132
achieve life	116
ishares s&p small-cap 600 value etf	70.15
ishares russell mid-cap value etf	65.27

Additions to existing portfolio by Next Capital Management LLC

Reductions

Ticker	% Reduced
rayonier advanced ma	-37.48
jpmorgan ultra-short income etf	-33.67
vaneck gold miners etf	-27.48
capital one finl corp	-26.06
cytodyn inc	-23.08
nuveen floating rate inc	-21.62
ecolab inc	-19.97
invesco s&p 500 quality etf	-17.92

Next Capital Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
vaneck bdc income etf	-652,280
docgo inc	-13,167
wise plc ordf	-133,451
comcast corp new trades with due bills	-326,638
teleflex inc	-1,271,970
csg sys intl inc	-690,210
vanguard total international bnd etf	-266,678
ishares silver trust etf	-295,366

Next Capital Management LLC got rid off the above stocks

Sector Distribution

Next Capital Management LLC has about 73.9% of it's holdings in Others sector.

Others
Financial Services
Technology
Communication Services
Consumer Cyclical
Healthcare

Sector	%
Others	73.9
Financial Services	9.7
Technology	5
Communication Services	4.1
Consumer Cyclical	3
Healthcare	1.1

Market Cap. Distribution

Next Capital Management LLC has about 19.3% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
MEGA-CAP
LARGE-CAP
SMALL-CAP
MID-CAP

Category	%
UNALLOCATED	73.9
MEGA-CAP	13.4
LARGE-CAP	5.9
SMALL-CAP	3.8
MID-CAP	2.7

Stocks belong to which Index?

About 17.6% of the stocks held by Next Capital Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500

Index	%
Others	82
S&P 500	17.6

Top 5 Winners (%)		%
RYAM	rayonier advanced ma	71.5 %
PSX	phillips 66	41.2 %
XOM	exxon mobil corp	40.0 %
IJR	ishares u.s. energy etf	36.3 %
	ge vernova inc	33.4 %

Top 5 Winners ($)		$
EMGF	ishares core msci emerging markets etf	0.4 M
RYAM	rayonier advanced ma	0.3 M
XOM	exxon mobil corp	0.3 M
JNJ	johnson & johnson	0.2 M
IJR	ishares core s&p small-cap etf	0.2 M

Top 5 Losers (%)		%
ACVA	acv auctions inc class a	-47.1 %
MDB	mongodb inc class class a	-41.2 %
	astera labs inc	-34.1 %
ACHV	achieve life	-33.5 %
TCPC	blackrock tcp cap corp	-32.6 %

Top 5 Losers ($)		$
TCPC	blackrock tcp cap corp	-5.3 M
IJR	ishares core s&p 500 etf	-2.2 M
META	meta platforms inc class class a	-1.4 M
KKR	kkr & co inc	-1.2 M
	blue owl cap corp	-1.1 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 134 stocks in it's portfolio. About 48.2% of the portfolio is in top 10 stocks. TCPC proved to be the most loss making stock for the portfolio. EMGF was the most profitable stock for Next Capital Management LLC last quarter.

Last Reported on: 07 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.05	26,623	6,756,680	reduced	-6.08

AAXJ	ishares msci acwi ex u.s. etf	0.21	9,959	681,893	unchanged	0.00

AAXJ	ishares micro-cap etf	0.15	3,123	498,462	unchanged	0.00

ABBV	abbvie inc	0.00	0.00	0.00	sold off	-100

ACHV	achieve life	0.03	34,995	102,885	added	116

ACSG	xtrackers msci eafe hedged equity etf	0.10	6,331	312,751	unchanged	0.00

ACVA	acv auctions inc class a	0.02	16,706	70,833	unchanged	0.00

AEP	american elec pwr co inc	0.22	5,652	740,864	added	11.37

AFK	vaneck gold miners etf	0.24	8,522	782,064	reduced	-27.48

AFK	vaneck bdc income etf	0.00	0.00	0.00	sold off	-100

AGNG	global x artificial intelligence & technology etf	0.07	4,848	226,256	unchanged	0.00

AGZD	wisdomtree japan hedged equity fund	0.11	2,350	372,663	new

AIB	midcap finl investme	6.37	1,871,650	21,037,400	added	26.09

AMPS	ishares msci india indexetf	0.00	0.00	0.00	sold off	-100

AMZN	amazon.com inc	2.69	42,650	8,882,720	reduced	-5.62

ARKF	ark genomic revolution etf	0.10	13,046	344,675	unchanged	0.00

BAB	invesco nasdaq 100 etf	0.80	11,148	2,649,040	reduced	-0.24

BBAX	jpmorgan ultra-short income etf	0.33	21,598	1,093,060	reduced	-33.67

BDX	becton dickinson & co	0.00	0.00	0.00	sold off	-100

BGRN	ishares core dividend etf	0.00	0.00	0.00	sold off	-100