Latest Next Capital Management LLC Stock Portfolio

Next Capital Management LLC Performance:

2025 Q4: -0.69%YTD: 8.35%2024: 9.76%

Performance for 2025 Q4 is -0.69%, and YTD is 8.35%, and 2024 is 9.76%.

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

On 2026-02-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, Next Capital Management LLC reported an equity portfolio of $312.3 Millions as of 31 Dec, 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 WALMART INC (WMT), PHILIP MORRIS INTL INC (PM) and MCDONALDS CORP (MCD) stocks. They significantly reduced their stock positions in ABBVIE INC (ABBV), CHARLES SCHWAB CORP (SCHW) and JPMORGAN CHASE & CO (JPM). Next Capital Management LLC opened new stock positions in VANECK BDC INCOME ETF (AFK), CAPITAL ONE FINL CORP (COF) and CHARLES SCHWAB US MC ETF (FNDA). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), BLUE OWL CAP CORP and STATE STRET TEC SELECT SEC SPDR ETF (XLB).

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

Our best estimate is that Next Capital Management LLC made a return of -0.69% in the last quarter. In trailing 12 months, it's portfolio return was 8.35%.

Performance
S&P 500

New Buys

Ticker	$ Bought
vaneck bdc income etf	652,280
capital one finl corp	540,341
charles schwab us mc etf	305,767
ishares silver trust etf	295,366
vanguard total international bnd etf	266,678
vanguard mid cap etf	234,446
mgm resorts intl	209,818
ishares core dividend etf	204,862

New stocks bought by Next Capital Management LLC

Additions

Ticker	% Inc.
netflix inc	554
blue owl cap corp	407
state stret tec select sec spdr etf	107
brookfield corp fclass a	50.00
jpmorgan ultra short income etf	37.5
ishares core s&p us value etf	35.86
invesco nasdaq 100 etf	34.02
ishares core msci emerging etf	33.39

Additions to existing portfolio by Next Capital Management LLC

Reductions

Ticker	% Reduced
abbvie inc	-43.16
charles schwab corp	-39.18
jpmorgan chase & co	-26.97
vanguard s&p 500 etf	-15.93
becton dickinson & co	-9.77
visa inc class class a	-9.32
palantir technologies inclass class a	-6.18
booking hldgs inc	-5.88

Next Capital Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
talga group ltd ordf	-14,555
walmart inc	-2,123,010
critical metals corp. f	-124,288
beyond meat inc	-18,981
philip morris intl inc	-1,230,770
altria group inc	-335,321
direxn dly arspc dfns bl3x shrs etf	-343,750
mcdonalds corp	-1,217,690

Next Capital Management LLC got rid off the above stocks

Sector Distribution

Next Capital Management LLC has about 72.5% of it's holdings in Others sector.

Sector	%
Others	72.5
Financial Services	8.6
Technology	5.7
Communication Services	5
Consumer Cyclical	3.7
Healthcare	1.7

Market Cap. Distribution

Next Capital Management LLC has about 20.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	72.5
MEGA-CAP	15
LARGE-CAP	5.6
SMALL-CAP	5.5
MID-CAP	1.2

Stocks belong to which Index?

About 19% of the stocks held by Next Capital Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	80.3
S&P 500	19

Top 5 Winners (%)		%
ACHV	achieve life	57.8 %
LLY	eli lilly and co	40.9 %
ILMN	illumina inc	38.1 %
MDB	mongodb inc class class a	34.9 %
SCHW	charles schwab corp	33.5 %

Top 5 Winners ($)		$
IJR	ishares core s&p 500 etf	1.1 M
SCHW	charles schwab corp	0.6 M
LLY	eli lilly and co	0.6 M
AMZN	amazon.com inc	0.5 M
AAPL	apple inc	0.5 M

Top 5 Losers (%)		%
NFLX	netflix inc	-87.2 %
XLB	state stret tec select sec spdr etf	-41.5 %
DCGO	docgo inc	-35.5 %
CRBU	caribou biosciences inc	-31.8 %
	brookfield corp fclass a	-29.2 %

Top 5 Losers ($)		$
NFLX	netflix inc	-4.2 M
TCPC	blackrock tcp cap corp	-1.9 M
META	meta platforms inc class a	-1.2 M
XLB	state stret tec select sec spdr etf	-0.9 M
AIB	midcap finl investme	-0.8 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 136 stocks in it's portfolio. About 50.3% of the portfolio is in top 10 stocks. NFLX 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: 11 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.47	28,346	7,706,240	added	2.32

AAXJ	ishares msci acwi ex us etf	0.21	9,959	668,548	unchanged	0.00

AAXJ	ishares micro cap etf	0.16	3,123	492,497	unchanged	0.00

ABBV	abbvie inc	0.06	889	203,229	reduced	-43.16

ACHV	achieve life	0.03	16,130	80,166	unchanged	0.00

ACSG	xtrackers msci eafe hdgdeqy etf	0.10	6,331	304,584	unchanged	0.00

ACVA	acv auctions inc class a	0.04	16,706	133,982	unchanged	0.00

AEP	american elec pwr co inc	0.19	5,075	585,198	unchanged	0.00

AFK	vaneck gold miners etf	0.32	11,752	1,007,970	unchanged	0.00

AFK	vaneck bdc income etf	0.21	46,000	652,280	new

AGNG	global x fund glb x art intl tgy etf	0.08	4,848	246,569	added	3.15

AIB	midcap finl investme	5.44	1,484,350	16,981,000	added	10.64

AMPS	ishares msci india indexetf	0.07	4,000	216,200	unchanged	0.00

AMZN	amazon.com inc	3.34	45,188	10,430,300	reduced	-3.02

ARKF	ark genomic revolution etf	0.12	13,046	377,943	unchanged	0.00

BAB	invesco nasdaq 100 etf	0.90	11,175	2,826,380	added	34.02

BBAX	jpmorgan ultra short income etf	0.53	32,562	1,647,300	added	37.5

BDX	becton dickinson & co	0.07	1,164	225,897	reduced	-9.77

BGRN	ishares core dividend etf	0.07	3,854	204,862	new

BIL	state street spdr s&p biotch etf	0.08	2,000	243,860	unchanged	0.00