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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
VNQ icon
26
Vanguard Real Estate ETF
VNQ
$39.2B
$1.24M 1.04%
14,224
– –
IWD icon
27
iShares Russell 1000 Value ETF
IWD
$82.2B
$1.17M 0.99%
+9,494
New +$1.14M
SCHM icon
28
Schwab US Mid-Cap ETF
SCHM
$14.5B
$1.03M 0.87%
55,725
-47,205
-46% -$844K
META icon
29
Meta Platforms (Facebook)
META
$1.42T
$1.01M 0.85%
6,063
-50
-0.8% -$7.95K
IWC icon
30
iShares Micro-Cap ETF
IWC
$1.44B
$1M 0.85%
10,832
+3,040
+39% +$280K
IWM icon
31
iShares Russell 2000 ETF
IWM
$79.8B
$975K 0.82%
6,372
-962
-13% -$145K
IEMG icon
32
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$961K 0.81%
18,592
-5,541
-23% -$281K
EEM icon
33
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$890K 0.75%
20,738
-837
-4% -$35.2K
VOT icon
34
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.2B
$874K 0.74%
6,120
– –
TOTL icon
35
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.09B
$841K 0.71%
17,403
-720
-4% -$34.4K
KO icon
36
Coca-Cola
KO
$377B
$776K 0.66%
16,565
– –
WVVI icon
37
Willamette Valley Vineyards
WVVI
$12.7M
$731K 0.62%
101,400
– –
FEI
38
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$726K 0.61%
63,143
– –
JRO
39
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$705K 0.6%
73,384
– –
RSP icon
40
Invesco S&P 500 Equal Weight ETF
RSP
$97B
$700K 0.59%
6,698
-97
-1% -$9.78K
NAN icon
41
Nuveen New York Quality Municipal Income Fund
NAN
$368M
$690K 0.58%
51,554
+36,781
+249% +$475K
VWO icon
42
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$609K 0.51%
14,338
– –
FG
43
DELISTED
FGL Holdings Ordinary Shares
FG
$595K 0.5%
75,583
– –
BOND icon
44
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.37B
$587K 0.5%
5,564
– –
VV icon
45
Vanguard Morningstar Large-Cap ETF
VV
$52.4B
$575K 0.49%
4,429
– –
QQQ icon
46
Invesco QQQ Trust
QQQ
$453B
$557K 0.47%
3,101
– –
EFT
47
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$536K 0.45%
40,605
-27,150
-40% -$363K
NTC
48
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$527K 0.45%
43,765
– –
AMZN icon
49
Amazon
AMZN
$2.92T
$513K 0.43%
5,760
-780
-12% -$64.9K
FEN
50
DELISTED
First Trust Energy Income and Growth Fund
FEN
$513K 0.43%
23,606
– –
1
2
3 4 5

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RWP
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KFBMI
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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.