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Next Capital Management Portfolio holdings

AUM $330M
1-Year Est. Return 11.54%
This Fund
S&P 500
This Quarter Est. Return
-0.39%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$19.3M
Cap. Flow
-$18.3M
Cap. Flow %
-13.32%
Top 10 Hldgs %
43.86%
Holding
117
New
9
Increased
20
Reduced
26
Closed
14

Top Buys

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$724K
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$707K
3
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$611K
4
MDXG icon
MiMedx Group
MDXG
+$586K
5
SGFY
Signify Health, Inc.
SGFY
+$509K

Top Sells

Rank Stock Value
1
GMED icon
Globus Medical
GMED
+$8.61M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$2.73M
3
META icon
Meta Platforms (Facebook)
META
+$2.67M
4
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$1.8M
5
GBDC icon
Golub Capital BDC
GBDC
+$1.04M

Sector Composition

Rank Sector Weight
1 Financials 7.92%
2 Technology 6.45%
3 Communication Services 5.02%
4 Healthcare 4.5%
5 Consumer Staples 1.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWD icon
26
iShares Russell 1000 Value ETF
IWD
$82.2B
$1.42M 1.03%
9,059
+125
+1% +$20K
BGB
27
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$1.38M 1%
99,496
-1,706
-2% -$23.7K
JPST icon
28
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
$1.3M 0.94%
25,605
-11,507
-31% -$584K
IYE icon
29
iShares US Energy ETF
IYE
$1.69B
$1.29M 0.94%
45,653
– –
IJH icon
30
iShares Core S&P Mid-Cap ETF
IJH
$123B
$1.28M 0.93%
24,365
-700
-3% -$37.7K
IWB icon
31
iShares Russell 1000 ETF
IWB
$47.9B
$1.24M 0.9%
5,109
– –
XOM icon
32
ExxonMobil
XOM
$634B
$1.18M 0.86%
20,039
-2,500
-11% -$142K
AMZN icon
33
Amazon
AMZN
$2.48T
$1.17M 0.85%
7,100
– –
KKR icon
34
KKR & Co
KKR
$92.2B
$1.06M 0.77%
17,483
– –
VOO icon
35
Vanguard S&P 500 ETF
VOO
$971B
$1.05M 0.77%
2,673
– –
IVW icon
36
iShares S&P 500 Growth ETF
IVW
$71.9B
$1.02M 0.74%
13,855
– –
BOND icon
37
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.42B
$1.01M 0.73%
9,148
– –
AVB icon
38
AvalonBay Communities
AVB
$27.2B
$922K 0.67%
4,160
– –
KO icon
39
Coca-Cola
KO
$380B
$916K 0.67%
17,450
– –
MSFT icon
40
Microsoft
MSFT
$2.92T
$915K 0.66%
3,247
– –
VV icon
41
Vanguard Large-Cap ETF
VV
$52B
$890K 0.65%
4,429
– –
XYZ
42
Block Inc
XYZ
$49.5B
$793K 0.58%
3,305
– –
EMLP icon
43
First Trust North American Energy Infrastructure Fund
EMLP
$4.14B
$746K 0.54%
31,501
-1,645
-5% -$40K
HCA icon
44
HCA Healthcare
HCA
$92.8B
$728K 0.53%
3,000
– –
WVVI icon
45
Willamette Valley Vineyards
WVVI
$13.5M
$697K 0.51%
54,800
– –
XLK icon
46
State Street Technology Select Sector SPDR ETF
XLK
$112B
$662K 0.48%
8,866
+262
+3% +$20.2K
CMCSA icon
47
Comcast
CMCSA
$85.8B
$659K 0.48%
11,780
-200
-2% -$11.7K
DHR icon
48
Danaher
DHR
$140B
$658K 0.48%
2,436
– –
TOTL icon
49
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.11B
$632K 0.46%
13,080
-842
-6% -$40.8K
IWM icon
50
iShares Russell 2000 ETF
IWM
$80.4B
$625K 0.45%
2,858
– –
1
2
3 4 5

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KFBMI
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Next Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Next Capital Management held 117 positions worth $138M, down 12% from $157M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Next Capital Management withdrew a net $18.3M in Q3 2021, closing 14 positions and reducing 26 holdings. Its most notable exit was Globus Medical, an estimated $8.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.9% of assets, up from 7.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Next Capital Management opened a new position in Signify Health, Inc. worth $354K.

  • Next Capital Management's largest Q3 2021 buy was Signify Health, Inc.: 19,793 shares worth $354K.
  • Next Capital Management added most to State Street Financial Select Sector SPDR ETF in Q3 2021, an estimated $724K increase.
  • Next Capital Management's biggest Q3 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $2.73M.
  • Next Capital Management fully exited Globus Medical in Q3 2021, selling an estimated $8.61M.
  • Next Capital Management's ten largest holdings make up 44% of its $138M portfolio in Q3 2021.
  • Next Capital Management opened 9 new positions and closed 14 in Q3 2021.
  • Next Capital Management's portfolio value fell 12% quarter-over-quarter to $138M.

Based on Next Capital Management's 13F filing for Q3 2021, filed 19 Oct 2021.