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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
CMCSA icon
51
Comcast
CMCSA
$85B
$461K 0.39%
11,530
– –
KKR icon
52
KKR & Co
KKR
$91.1B
$435K 0.37%
18,500
– –
SPY icon
53
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$434K 0.37%
1,535
-29
-2% -$7.88K
GOOGL icon
54
Alphabet (Google) Class A
GOOGL
$4.36T
$432K 0.37%
+7,340
New +$414K
MSFT icon
55
Microsoft
MSFT
$3.45T
$407K 0.34%
3,450
-436
-11% -$47.6K
NEA icon
56
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$401K 0.34%
30,038
-4,646
-13% -$60.4K
JSD
57
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$387K 0.33%
24,890
– –
GOOG icon
58
Alphabet (Google) Class C
GOOG
$4.36T
$378K 0.32%
6,440
-5,160
-44% -$290K
IWF icon
59
iShares Russell 1000 Growth ETF
IWF
$121B
$371K 0.31%
+9,800
New +$352K
SCZ icon
60
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
$363K 0.31%
6,315
-820
-11% -$45.9K
XYZ
61
Block Inc
XYZ
$48.4B
$322K 0.27%
4,295
– –
BXMT icon
62
Blackstone Mortgage Trust
BXMT
$2.45B
$315K 0.27%
9,045
– –
XLC icon
63
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
$307K 0.26%
6,563
– –
VOO icon
64
Vanguard S&P 500 ETF
VOO
$979B
$305K 0.26%
1,174
-248
-17% -$61.9K
SIRI icon
65
SiriusXM
SIRI
$9.98B
$277K 0.23%
4,889
+1,440
+42% +$85.8K
LLY icon
66
Eli Lilly
LLY
$1.02T
$268K 0.23%
2,067
– –
JFR icon
67
Nuveen Floating Rate Income Fund
JFR
$1.24B
$257K 0.22%
26,677
+10,362
+64% +$101K
CSGS
68
DELISTED
CSG Systems International
CSGS
$254K 0.21%
6,000
– –
BABA icon
69
Alibaba
BABA
$293B
$240K 0.2%
1,316
– –
PSX icon
70
Phillips 66
PSX
$84.9B
$238K 0.2%
2,500
– –
QCOM icon
71
Qualcomm
QCOM
$155B
$233K 0.2%
4,082
– –
VIG icon
72
Vanguard Dividend Appreciation ETF
VIG
$111B
$230K 0.19%
+2,094
New +$221K
TWTR
73
DELISTED
Twitter, Inc.
TWTR
$230K 0.19%
7,000
– –
XBI icon
74
State Street SPDR S&P Biotech ETF
XBI
$9.95B
$226K 0.19%
2,500
– –
VCIT icon
75
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
$224K 0.19%
2,584
– –
1 2
3
4 5

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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.