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NCM

Next Capital Management Portfolio holdings

AUM $330M
1-Year Est. Return 11.54%
This Fund
S&P 500
This Quarter Est. Return
+11.56%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$118M
AUM Growth
+$4.28M
Cap. Flow
-$7.74M
Cap. Flow %
-6.54%
Top 10 Hldgs %
44.12%
Holding
280
New
46
Increased
25
Reduced
43
Closed
27

Top Buys

Rank Stock Value
1
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$1.76M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.21M
3
IWD icon
iShares Russell 1000 Value ETF
IWD
+$1.14M
4
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$833K
5
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$744K

Top Sells

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$5.86M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$3.86M
3
IWB icon
iShares Russell 1000 ETF
IWB
+$1.72M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$1.07M
5
SCHM icon
Schwab US Mid-Cap ETF
SCHM
+$844K

Sector Composition

Rank Sector Weight
1 Communication Services 4.61%
2 Financials 3.23%
3 Healthcare 2.97%
4 Technology 2.87%
5 Industrials 1.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGF
251
Aberdeen Government Markets Income Fund
MGF
$91.6M
– –
-8,758
Closed -$39K
MHN
252
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
– –
-6,026
Closed -$72K
MYN icon
253
BlackRock MuniYield New York Quality Fund
MYN
$372M
– –
-3,132
Closed -$36K
RFV icon
254
Invesco S&P MidCap 400 Pure Value ETF
RFV
$335M
– –
-1,524
Closed -$86K
RODM icon
255
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.62B
– –
-1,477
Closed -$38K
RPV icon
256
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
– –
-270
Closed -$15K
STZ icon
257
Constellation Brands
STZ
$22.2B
– –
-120
Closed -$19K
TIP icon
258
iShares TIPS Bond ETF
TIP
$14.5B
– –
-165
Closed -$18K
VTN icon
259
Invesco Trust for Investment Grade New York Municipals
VTN
$159M
– –
-6,752
Closed -$81K
EVY
260
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
– –
-481
Closed -$6K
CHK
261
DELISTED
Chesapeake Energy Corporation
CHK
– –
-2
Closed -$1K
ROX
262
DELISTED
Castle Brands, Inc.
ROX
– –
-16,400
Closed -$14K
P
263
DELISTED
Pandora Media Inc
P
– –
-10,000
Closed -$81K
CVON
264
DELISTED
ConvergeOne Holdings, Inc. Class A Common Stock
CVON
– –
-13,100
Closed -$162K
7 8 9 10
11

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Next Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Next Capital Management held 280 positions worth $118M, up 3.8% from $114M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Next Capital Management withdrew a net $7.74M in Q1 2019, closing 27 positions and reducing 43 holdings. Its most notable exit was ConvergeOne Holdings, Inc. Class A Common Stock, an estimated $162K position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 4.6% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Next Capital Management opened a new position in Blackstone Long-Short Credit Income Fund worth $1.78M.

  • Next Capital Management's largest Q1 2019 buy was Blackstone Long-Short Credit Income Fund: 116,901 shares worth $1.78M.
  • Next Capital Management added most to iShares Core S&P 500 ETF in Q1 2019, an estimated $1.21M increase.
  • Next Capital Management's biggest Q1 2019 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $5.86M.
  • Next Capital Management fully exited ConvergeOne Holdings, Inc. Class A Common Stock in Q1 2019, selling an estimated $162K.
  • Next Capital Management's ten largest holdings make up 44% of its $118M portfolio in Q1 2019.
  • Next Capital Management opened 46 new positions and closed 27 in Q1 2019.
  • Next Capital Management's portfolio value rose 3.8% quarter-over-quarter to $118M.

Based on Next Capital Management's 13F filing for Q1 2019, filed 22 Apr 2019.