Latest Next Capital Management LLC Stock Portfolio

Next Capital Management LLC Performance:

2025 Q3: 3.69%YTD: 5.91%2024: 12.67%

Performance for 2025 Q3 is 3.69%, and YTD is 5.91%, and 2024 is 12.67%.

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 $299.6 Millions as of 30 Sep, 2025.

The top stock holdings of Next Capital Management LLC are IJR, AIB, TCPC. The fund has invested 15.3% of it's portfolio in ISHARES CORE S&P 500 ETF and 5.4% of portfolio in MIDCAP FINL INVESTME.

The fund managers got completely rid off ISHARES MSCI GERMANY ETF (ACWV), MERCK & CO. INC. (MRK) and PFIZER INC (PFE) stocks. They significantly reduced their stock positions in CBIZ INC (CBZ), JPMORGAN CHASE & CO (JPM) and APPLE INC (AAPL). Next Capital Management LLC opened new stock positions in RAYONIER ADVANCED MA (RYAM), ISHARES CORE MSCI TOTL INTL STCK ETF (IBCE) and AB INTERNATIONAL LOW VOLATILITY EQUITY ETF. 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 CHARLES SCHWAB US MC ETF (SCHW).

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

Our best estimate is that Next Capital Management LLC made a return of 3.69% in the last quarter. In trailing 12 months, it's portfolio return was 8.16%.

New Buys

Ticker	$ Bought
rayonier advanced ma	478,289
ishares core msci totl intl stck etf	409,762
ab international low volatility equity etf	255,673
caterpillar inc	255,275
becton dickinson & co	241,449
global x fund glb x art intl tgy etf	232,133
wec energy group inc	206,950
spdr s&p biotech etf	200,400

New stocks bought by Next Capital Management LLC

Additions

Ticker	% Inc.
blackrock tcp cap corp	111
midcap finl investme	84.94
charles schwab us mc etf	60.87
honeywell intl inc	48.44
ishares core msci emerging etf	29.98
direxn dly arspc dfns bl3x shrs etf	25.00
schwab fundmntl us largecom etf	23.5
vanguard ftse developed markets etf	18.41

Additions to existing portfolio by Next Capital Management LLC

Reductions

Ticker	% Reduced
cbiz inc	-59.09
jpmorgan chase & co	-56.4
apple inc	-37.06
vanguard s&p 500 etf	-36.26
the coca-cola co	-24.54
procter & gamble co	-23.34
vanguard mid cap growth etf	-21.93
invesco s&p 500 quality etf	-20.61

Next Capital Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
pfizer inc	-433,965
e2open parent hldgs inc class a	-47,116
ishares msci germany etf	-485,507
charles schwab us mc etf	-227,200
merck & co. inc.	-460,988
pepsico inc	-229,486
abbott labs	-222,240
unitedhealth group inc	-388,715

Next Capital Management LLC got rid off the above stocks

Sector Distribution

Next Capital Management LLC has about 69.4% of it's holdings in Others sector.

Sector	%
Others	69.4
Financial Services	9.1
Technology	5.7
Communication Services	5.5
Consumer Cyclical	4.4
Consumer Defensive	1.8
Healthcare	1.6

Market Cap. Distribution

Next Capital Management LLC has about 23.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	69.4
MEGA-CAP	16.8
LARGE-CAP	6.6
SMALL-CAP	5.8
MID-CAP	1.3

Stocks belong to which Index?

About 21.8% of the stocks held by Next Capital Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	77.4
S&P 500	21.8

Top 5 Winners (%)		%
CRBU	caribou biosciences inc	84.9 %
JPM	jpmorgan chase & co	50.1 %
MDB	mongodb inc class a	47.8 %
GOOG	alphabet inc class class a	37.9 %
GOOG	alphabet inc class c	37.3 %

Top 5 Winners ($)		$
IJR	ishares core s&p 500 etf	3.1 M
AAPL	apple inc	2.2 M
QQQ	invsc qqq trust srs 1 etf	1.1 M
IJR	ishares russell 1000 growth etf	0.8 M
NVDA	nvidia corp	0.8 M

Top 5 Losers (%)		%
ACVA	acv auctions inc class a	-37.9 %
WVVI	willamette vy vineyard i	-34.1 %
CBZ	cbiz inc	-26.1 %
SCHW	charles schwab us mc etf	-15.4 %
DCGO	docgo inc	-13.4 %

Top 5 Losers ($)		$
TCPC	blackrock tcp cap corp	-1.7 M
SCHW	charles schwab us mc etf	-0.3 M
GBDC	golub cap bdc inc	-0.3 M
CBZ	cbiz inc	-0.2 M
PM	philip morris intl inc	-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 139 stocks in it's portfolio. About 49.7% of the portfolio is in top 10 stocks. TCPC 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 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.35	27,703	7,054,020	reduced	-37.06

AAXJ	ishares msci acwi ex us etf	0.22	9,959	647,435	unchanged	0.00

AAXJ	ishares micro cap etf	0.16	3,123	465,608	unchanged	0.00

ABBV	abbvie inc	0.12	1,564	362,121	reduced	-16.68

ABT	abbott labs	0.00	0.00	0.00	sold off	-100

ACHV	achieve life	0.02	16,130	50,810	new

ACSG	xtrackers msci eafe hdgdeqy etf	0.10	6,331	293,885	unchanged	0.00

ACVA	acv auctions inc class a	0.06	16,706	165,556	added	4.37

ACWV	ishares msci germany etf	0.00	0.00	0.00	sold off	-100

AEP	american elec pwr co inc	0.19	5,075	570,938	unchanged	0.00

AFK	vaneck gold miners etf	0.30	11,752	897,853	unchanged	0.00

AGNG	global x fund glb x art intl tgy etf	0.08	4,700	232,133	new

AIB	midcap finl investme	5.37	1,341,580	16,085,600	added	84.94

AMPS	ishares msci india indexetf	0.07	4,000	208,240	unchanged	0.00

AMZN	amazon.com inc	3.42	46,594	10,230,600	added	5.97

ARKF	ark genomic revolution etf	0.12	13,046	362,287	unchanged	0.00

BAB	invesco nasdaq 100 etf	0.69	8,338	2,060,580	added	2.33

BBAX	jpmorgan ultra short income etf	0.40	23,682	1,201,380	added	17.32

BDX	becton dickinson & co	0.08	1,290	241,449	new

BIL	spdr s&p biotech etf	0.07	2,000	200,400	new