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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
-15.68%
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
-$10.5M
(-7.1%)
Cap. Flow
+$16.1M
Cap. Flow
% of AUM
11.7%
Top 10 Holdings %
Top 10 Hldgs %
42.04%
Holding
129
New
12
Increased
60
Reduced
9
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BGX
Blackstone Long-Short Credit Income Fund
BGX
|
+$2.87M |
| 2 |
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
|
+$2.55M |
| 3 |
AFT
Apollo Senior Floating Rate Fund Inc.
AFT
|
+$2.11M |
| 4 |
Blue Owl Capital
OBDC
|
+$1.86M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$1.63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JRO
Nuveen Floating Rate Income Opportunty Fund
JRO
|
+$2.43M |
| 2 |
iShares US Energy ETF
IYE
|
+$1.71M |
| 3 |
ExxonMobil
XOM
|
+$1.02M |
| 4 |
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
|
+$619K |
| 5 |
RIV
RiverNorth Opportunities Fund
RIV
|
+$418K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 10.47% |
| 2 | Technology | 5.18% |
| 3 | Consumer Discretionary | 4.24% |
| 4 | Healthcare | 3.82% |
| 5 | Communication Services | 2.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Amazon
AMZN
$2.49T
| $1.53M | 1.11% |
14,440
+8,740
| +153% | +$1.09M |
|
27
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $1.48M | 1.07% |
29,473
+7,822
| +36% | +$392K |
|
28
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $1.33M | 0.96% |
29,330
+2,445
| +9% | +$121K |
|
29
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $1.32M | 0.96% |
7,530
| – | – |
|
30
Vanguard Real Estate ETF
VNQ
$39.9B
| $1.29M | 0.94% |
14,224
| – | – |
|
31
Blackstone
BX
$105B
| $1.26M | 0.92% |
13,812
+11,240
| +437% | +$1.21M |
|
32
Coca-Cola
KO
$362B
| $1.25M | 0.91% |
19,859
+39
| +0.2% | +$2.47K |
|
|
EFT
33
Eaton Vance Floating-Rate Income Trust
EFT
$283M
| $1.1M | 0.8% |
+93,811
| New | +$1.17M |
|
|
CSGS
34
DELISTED
CSG Systems International
CSGS
| $1.09M | 0.79% |
18,318
| – | – |
|
35
iShares Russell 1000 ETF
IWB
$47.6B
| $1.08M | 0.78% |
5,181
| – | – |
|
36
Vanguard S&P 500 ETF
VOO
$966B
| $1.07M | 0.78% |
3,093
+329
| +12% | +$124K |
|
|
OLP
37
One Liberty Properties
OLP
$552M
| $1.02M | 0.74% |
+39,171
| New | +$1.09M |
|
|
38
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$904M
| $991K | 0.72% |
89,704
-55,153
| -38% | -$619K |
|
39
McDonald's
MCD
$192B
| $939K | 0.68% |
3,806
+9
| +0.2% | +$2.22K |
|
40
iShares S&P 500 Growth ETF
IVW
$71.9B
| $822K | 0.6% |
13,623
| – | – |
|
41
KKR & Co
KKR
$90.7B
| $810K | 0.59% |
17,503
+20
| +0.1% | +$1.05K |
|
42
Apollo Global Management
APO
$71.4B
| $776K | 0.56% |
+16,019
| New | +$872K |
|
43
Walmart Inc
WMT
$891B
| $776K | 0.56% |
19,152
+45
| +0.2% | +$2.08K |
|
44
Vanguard Large-Cap ETF
VV
$51.8B
| $763K | 0.55% |
4,429
| – | – |
|
45
Microsoft
MSFT
$2.92T
| $723K | 0.53% |
2,818
+71
| +3% | +$19.3K |
|
46
Nuveen New York Quality Municipal Income Fund
NAN
$370M
| $722K | 0.52% |
61,565
+21,781
| +55% | +$255K |
|
47
ProShares Short High Yield
SJB
$51.9M
| $691K | 0.5% |
+35,000
| New | +$662K |
|
48
Philip Morris
PM
$305B
| $685K | 0.5% |
6,941
+17
| +0.2% | +$1.73K |
|
49
Direxion Daily 7-10 Year Treasury Bear 3X ETF
TYO
$12.4M
| $676K | 0.49% |
59,000
+15,000
| +34% | +$172K |
|
50
PPG Industries
PPG
$26.4B
| $666K | 0.48% |
5,831
-592
| -9% | -$74K |
|
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Next Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Next Capital Management held 129 positions worth $138M, down 7.1% from $148M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Next Capital Management deployed $16.1M of net new capital in Q2 2022, opening 12 new positions and adding to 60 existing holdings. Its largest new stake was Blackstone Long-Short Credit Income Fund: 229,604 shares worth $2.64M.
By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 8.5% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was iShares US Energy ETF, an estimated $1.71M trimmed.
- Next Capital Management's largest Q2 2022 buy was Blackstone Long-Short Credit Income Fund: 229,604 shares worth $2.64M.
- Next Capital Management added most to Apollo Senior Floating Rate Fund Inc. in Q2 2022, an estimated $2.11M increase.
- Next Capital Management's biggest Q2 2022 reduction was iShares US Energy ETF, cutting an estimated $1.71M.
- Next Capital Management fully exited Nuveen Floating Rate Income Opportunty Fund in Q2 2022, selling an estimated $2.43M.
- Next Capital Management's ten largest holdings make up 42% of its $138M portfolio in Q2 2022.
- Next Capital Management opened 12 new positions and closed 13 in Q2 2022.
- Next Capital Management's portfolio value fell 7.1% quarter-over-quarter to $138M.
Based on Next Capital Management's 13F filing for Q2 2022, filed 20 Jul 2022.