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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
IWF icon
51
iShares Russell 1000 Growth ETF
IWF
$117B
$610K 0.44%
8,900
+196
+2% +$13.9K
NAN icon
52
Nuveen New York Quality Municipal Income Fund
NAN
$369M
$586K 0.43%
39,784
-1,488
-4% -$22.5K
BX icon
53
Blackstone
BX
$104B
$585K 0.42%
5,029
+14
+0.3% +$1.63K
PARA
54
DELISTED
Paramount Global Class B
PARA
$582K 0.42%
14,718
-3,310
-18% -$135K
IEMG icon
55
iShares Core MSCI Emerging Markets ETF
IEMG
$144B
$578K 0.42%
9,365
– –
SPY icon
56
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$576K 0.42%
1,342
– –
VWO icon
57
Vanguard FTSE Emerging Markets ETF
VWO
$117B
$545K 0.4%
10,894
– –
SLRC icon
58
SLR Investment Corp
SLRC
$704M
$526K 0.38%
27,520
– –
GOOGL icon
59
Alphabet (Google) Class A
GOOGL
$4.12T
$524K 0.38%
3,920
– –
ATVI
60
DELISTED
Activision Blizzard
ATVI
$499K 0.36%
6,450
– –
ECL icon
61
Ecolab
ECL
$79.8B
$471K 0.34%
2,254
-1,073
-32% -$235K
LLY icon
62
Eli Lilly
LLY
$1.08T
$456K 0.33%
1,975
+40
+2% +$9.87K
NEA icon
63
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
$456K 0.33%
30,038
-12,277
-29% -$194K
IWC icon
64
iShares Micro-Cap ETF
IWC
$1.42B
$451K 0.33%
3,123
– –
MDXG icon
65
MiMedx Group
MDXG
$630M
$428K 0.31%
70,619
+52,000
+279% +$586K
PINS icon
66
Pinterest
PINS
$13.7B
$426K 0.31%
8,370
– –
GOOG icon
67
Alphabet (Google) Class C
GOOG
$4.11T
$392K 0.28%
2,940
– –
QCOM icon
68
Qualcomm
QCOM
$164B
$387K 0.28%
3,000
– –
VEA icon
69
Vanguard FTSE Developed Markets ETF
VEA
$223B
$382K 0.28%
7,567
– –
SGFY
70
DELISTED
Signify Health, Inc.
SGFY
$354K 0.26%
+19,793
New +$509K
JNJ icon
71
Johnson & Johnson
JNJ
$640B
$350K 0.25%
2,165
– –
SPOT icon
72
Spotify
SPOT
$108B
$338K 0.25%
1,500
– –
TYG
73
Tortoise Energy Infrastructure Corp
TYG
$1.08B
$335K 0.24%
+12,355
New +$333K
NEAR icon
74
iShares Short Maturity Bond ETF
NEAR
$4.82B
$330K 0.24%
6,573
+598
+10% +$30K
SH icon
75
ProShares Short S&P500
SH
$928M
$328K 0.24%
5,384
– –
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.