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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
-1.07%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$223M
AUM Growth
+$7.16M
Cap. Flow
+$10.6M
Cap. Flow %
4.75%
Top 10 Hldgs %
52.34%
Holding
126
New
9
Increased
33
Reduced
23
Closed
11

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$9.3M
2
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$4.76M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$810K
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$607K
5
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$578K

Top Sells

Rank Stock Value
1
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
+$2.5M
2
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$2.02M
3
NSL
NUVEEN SENIOR INCM FD
NSL
+$1.7M
4
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$675K
5
PM icon
Philip Morris
PM
+$658K

Sector Composition

Rank Sector Weight
1 Financials 23.63%
2 Consumer Discretionary 11.01%
3 Technology 3.87%
4 Communication Services 3.51%
5 Consumer Staples 1.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOO icon
26
Vanguard S&P 500 ETF
VOO
$973B
$2.16M 0.97%
5,490
+1,980
+56% +$810K
SCHA icon
27
Schwab U.S Small- Cap ETF
SCHA
$22.2B
$2.16M 0.97%
104,088
-1,716
-2% -$37.7K
JPM icon
28
JPMorgan Chase
JPM
$928B
$2.15M 0.96%
14,817
– –
IJH icon
29
iShares Core S&P Mid-Cap ETF
IJH
$123B
$2.14M 0.96%
42,950
+2,060
+5% +$108K
TFX icon
30
Teleflex
TFX
$5.95B
$1.91M 0.86%
9,723
+409
+4% +$92.8K
IWB icon
31
iShares Russell 1000 ETF
IWB
$48B
$1.78M 0.8%
7,579
+204
+3% +$49.9K
JPST icon
32
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
$1.62M 0.73%
32,281
+11,537
+56% +$578K
BX icon
33
Blackstone
BX
$105B
$1.51M 0.68%
14,104
-2,357
-14% -$245K
VOT icon
34
Vanguard Mid-Cap Growth ETF
VOT
$19.3B
$1.47M 0.66%
7,530
– –
SHYG icon
35
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
$1.34M 0.6%
32,763
-4,615
-12% -$191K
BRW
36
Saba Capital Income & Opportunities Fund
BRW
$337M
$1.18M 0.53%
152,705
– –
IWM icon
37
iShares Russell 2000 ETF
IWM
$80.5B
$1.17M 0.52%
6,595
+2,704
+69% +$508K
EFT
38
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$1.15M 0.51%
93,219
– –
SPY icon
39
State Street SPDR S&P 500 ETF Trust
SPY
$785B
$1.09M 0.49%
2,541
– –
KKR icon
40
KKR & Co
KKR
$91.1B
$1.08M 0.48%
17,483
– –
VNQ icon
41
Vanguard Real Estate ETF
VNQ
$40.1B
$1.08M 0.48%
14,224
-6
-0% -$495
EEM icon
42
iShares MSCI Emerging Markets ETF
EEM
$28.2B
$1.05M 0.47%
27,557
+1,600
+6% +$63.4K
WMT icon
43
Walmart Inc
WMT
$909B
$1.03M 0.46%
19,386
+279
+1% +$14.8K
MCD icon
44
McDonald's
MCD
$193B
$1.03M 0.46%
3,918
+81
+2% +$23.1K
KO icon
45
Coca-Cola
KO
$382B
$977K 0.44%
17,450
-2,370
-12% -$142K
CSGS
46
DELISTED
CSG Systems International
CSGS
$936K 0.42%
18,318
– –
EMLP icon
47
First Trust North American Energy Infrastructure Fund
EMLP
$4.12B
$885K 0.4%
33,496
– –
APO icon
48
Apollo Global Management
APO
$70.2B
$882K 0.4%
9,824
– –
BRT
49
BRT Apartments
BRT
$284M
$870K 0.39%
50,351
– –
VV icon
50
Vanguard Large-Cap ETF
VV
$52.1B
$867K 0.39%
4,429
– –
1
2
3 4 5

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Next Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Next Capital Management held 126 positions worth $223M, up 3.3% from $216M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Next Capital Management deployed $10.6M of net new capital in Q3 2023, opening 9 new positions and adding to 33 existing holdings. Its largest new stake was Nuveen Floating Rate Income Fund: 590,327 shares worth $4.85M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $2.02M trimmed.

  • Next Capital Management's largest Q3 2023 buy was Nuveen Floating Rate Income Fund: 590,327 shares worth $4.85M.
  • Next Capital Management added most to Amazon in Q3 2023, an estimated $9.3M increase.
  • Next Capital Management's biggest Q3 2023 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $2.02M.
  • Next Capital Management fully exited NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND in Q3 2023, selling an estimated $2.5M.
  • Next Capital Management's ten largest holdings make up 52% of its $223M portfolio in Q3 2023.
  • Next Capital Management opened 9 new positions and closed 11 in Q3 2023.
  • Next Capital Management's portfolio value rose 3.3% quarter-over-quarter to $223M.

Based on Next Capital Management's 13F filing for Q3 2023, filed 18 Oct 2023.