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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
+13.1%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$142M
AUM Growth
-$8.06M
Cap. Flow
-$23M
Cap. Flow %
-16.15%
Top 10 Hldgs %
41.4%
Holding
120
New
22
Increased
22
Reduced
30
Closed
9

Top Buys

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$2.7M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$2.61M
3
AAPL icon
Apple
AAPL
+$2.32M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$1.51M
5
MCD icon
McDonald's
MCD
+$989K

Top Sells

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$10.9M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$7.17M
3
SH icon
ProShares Short S&P500
SH
+$5.71M
4
RWM icon
ProShares Short Russell2000
RWM
+$2.38M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.82M

Sector Composition

Rank Sector Weight
1 Healthcare 9.47%
2 Financials 7.25%
3 Technology 6.32%
4 Communication Services 5.33%
5 Consumer Staples 2.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATVI
51
DELISTED
Activision Blizzard
ATVI
$599K 0.42%
+6,450
New +$524K
NAN icon
52
Nuveen New York Quality Municipal Income Fund
NAN
$368M
$584K 0.41%
41,272
– –
PM icon
53
Philip Morris
PM
$299B
$573K 0.4%
+6,924
New +$539K
VWO icon
54
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$546K 0.38%
10,894
– –
XLK icon
55
State Street Technology Select Sector SPDR ETF
XLK
$115B
$528K 0.37%
8,118
– –
IEMG icon
56
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
$521K 0.37%
8,398
-954
-10% -$55K
PBW icon
57
Invesco WilderHill Clean Energy ETF
PBW
$407M
$517K 0.36%
+5,000
New +$405K
SPY icon
58
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$502K 0.35%
1,342
-293
-18% -$104K
HCA icon
59
HCA Healthcare
HCA
$85.7B
$493K 0.35%
3,000
+1,000
+50% +$146K
IWM icon
60
iShares Russell 2000 ETF
IWM
$80.2B
$485K 0.34%
2,474
– –
SLRC icon
61
SLR Investment Corp
SLRC
$696M
$482K 0.34%
27,520
– –
DHR icon
62
Danaher
DHR
$138B
$480K 0.34%
2,436
– –
SPOT icon
63
Spotify
SPOT
$107B
$472K 0.33%
1,500
– –
QCOM icon
64
Qualcomm
QCOM
$160B
$457K 0.32%
3,000
– –
IWF icon
65
iShares Russell 1000 Growth ETF
IWF
$120B
$447K 0.31%
7,412
+568
+8% +$32.3K
PFE icon
66
Pfizer
PFE
$142B
$447K 0.31%
+12,137
New +$445K
HD icon
67
Home Depot
HD
$332B
$441K 0.31%
+1,661
New +$457K
NVG icon
68
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.69B
$436K 0.31%
25,982
+145
+0.6% +$2.33K
BGX
69
Blackstone Long-Short Credit Income Fund
BGX
$136M
$415K 0.29%
30,942
-5,255
-15% -$69K
SH icon
70
ProShares Short S&P500
SH
$913M
$387K 0.27%
5,384
-74,750
-93% -$5.71M
MO icon
71
Altria Group
MO
$113B
$382K 0.27%
+9,320
New +$374K
IWC icon
72
iShares Micro-Cap ETF
IWC
$1.45B
$371K 0.26%
3,123
-501
-14% -$53K
RDS.A
73
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$369K 0.26%
10,493
– –
WVVI icon
74
Willamette Valley Vineyards
WVVI
$13.3M
$357K 0.25%
56,121
– –
DIS icon
75
Walt Disney
DIS
$167B
$344K 0.24%
1,900
-100
-5% -$14.4K
1 2
3
4 5

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KFBMI
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Next Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Next Capital Management held 120 positions worth $142M, down 5.4% from $150M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Next Capital Management withdrew a net $23M in Q4 2020, closing 9 positions and reducing 30 holdings. Its most notable exit was ProShares Short Russell2000, an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 9.5% of assets, up from 6.4% a quarter earlier, followed by Financials and Technology.

Against the trend, Next Capital Management opened a new position in State Street Health Care Select Sector SPDR ETF worth $2.71M.

  • Next Capital Management's largest Q4 2020 buy was State Street Health Care Select Sector SPDR ETF: 23,925 shares worth $2.71M.
  • Next Capital Management added most to State Street Financial Select Sector SPDR ETF in Q4 2020, an estimated $2.7M increase.
  • Next Capital Management's biggest Q4 2020 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $10.9M.
  • Next Capital Management fully exited ProShares Short Russell2000 in Q4 2020, selling an estimated $2.38M.
  • Next Capital Management's ten largest holdings make up 41% of its $142M portfolio in Q4 2020.
  • Next Capital Management opened 22 new positions and closed 9 in Q4 2020.
  • Next Capital Management's portfolio value fell 5.4% quarter-over-quarter to $142M.

Based on Next Capital Management's 13F filing for Q4 2020, filed 27 Jan 2021.