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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
+8.24%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$207M
AUM Growth
+$21.7M
Cap. Flow
+$10.1M
Cap. Flow %
4.89%
Top 10 Hldgs %
49.51%
Holding
133
New
9
Increased
25
Reduced
19
Closed
6

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$7.55M
2
SCHW
Charles Schwab
SCHW
+$2.74M
3
OBDC icon
Blue Owl Capital
OBDC
+$1.28M
4
GBDC icon
Golub Capital BDC
GBDC
+$954K
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$860K

Top Sells

Rank Stock Value
1
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$1.3M
2
IVW icon
iShares S&P 500 Growth ETF
IVW
+$1.03M
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$835K
4
LLY icon
Eli Lilly
LLY
+$766K
5
PSX icon
Phillips 66
PSX
+$406K

Sector Composition

Rank Sector Weight
1 Financials 23.18%
2 Consumer Discretionary 7.31%
3 Technology 4.11%
4 Communication Services 2.96%
5 Healthcare 1.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWP icon
51
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$802K 0.39%
8,809
-3,202
-27% -$286K
MSFT icon
52
Microsoft
MSFT
$3.35T
$755K 0.36%
2,620
– –
VGT icon
53
Vanguard Information Technology ETF
VGT
$139B
$724K 0.35%
15,016
+16
+0.1% +$707
EFA icon
54
iShares MSCI EAFE ETF
EFA
$78.5B
$712K 0.34%
9,953
-369
-4% -$25.8K
PPG icon
55
PPG Industries
PPG
$25B
$698K 0.34%
5,223
– –
IWM icon
56
iShares Russell 2000 ETF
IWM
$80.2B
$694K 0.34%
3,891
+529
+16% +$97.4K
NAN icon
57
Nuveen New York Quality Municipal Income Fund
NAN
$368M
$680K 0.33%
61,565
– –
PM icon
58
Philip Morris
PM
$299B
$673K 0.33%
6,924
– –
XLK icon
59
State Street Technology Select Sector SPDR ETF
XLK
$115B
$646K 0.31%
8,556
– –
HD icon
60
Home Depot
HD
$332B
$566K 0.27%
1,917
– –
DHR icon
61
Danaher
DHR
$138B
$562K 0.27%
2,514
– –
SCHD icon
62
Schwab US Dividend Equity ETF
SCHD
$103B
$553K 0.27%
22,671
+10,398
+85% +$260K
AVB icon
63
AvalonBay Communities
AVB
$26.8B
$550K 0.27%
3,275
– –
CBZ icon
64
CBIZ
CBZ
$3B
$544K 0.26%
11,000
– –
CMCSA icon
65
Comcast
CMCSA
$84B
$525K 0.25%
13,838
– –
TCPC icon
66
BlackRock TCP Capital
TCPC
$273M
$524K 0.25%
50,858
– –
BXSL icon
67
Blackstone Secured Lending
BXSL
$5.39B
$514K 0.25%
20,635
– –
VWO icon
68
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$507K 0.24%
12,538
+770
+7% +$31.4K
ATVI
69
DELISTED
Activision Blizzard
ATVI
$504K 0.24%
5,890
+1,090
+23% +$84.7K
JRO
70
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$480K 0.23%
59,807
– –
GOOGL icon
71
Alphabet (Google) Class A
GOOGL
$4.08T
$469K 0.23%
4,520
– –
BOND icon
72
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
$463K 0.22%
4,987
– –
VEA icon
73
Vanguard FTSE Developed Markets ETF
VEA
$230B
$419K 0.2%
9,265
+1,109
+14% +$49.4K
TOTL icon
74
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.1B
$417K 0.2%
10,155
– –
SLRC icon
75
SLR Investment Corp
SLRC
$696M
$414K 0.2%
27,520
– –
1 2
3
4 5

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KFBMI
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Next Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Next Capital Management held 133 positions worth $207M, up 12% from $185M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Next Capital Management deployed $10.1M of net new capital in Q1 2023, opening 9 new positions and adding to 25 existing holdings. Its largest new stake was Charles Schwab: 37,466 shares worth $1.96M.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was iShares 0-5 Year High Yield Corporate Bond ETF, an estimated $1.3M trimmed.

  • Next Capital Management's largest Q1 2023 buy was Charles Schwab: 37,466 shares worth $1.96M.
  • Next Capital Management added most to Amazon in Q1 2023, an estimated $7.55M increase.
  • Next Capital Management's biggest Q1 2023 reduction was iShares 0-5 Year High Yield Corporate Bond ETF, cutting an estimated $1.3M.
  • Next Capital Management fully exited Eli Lilly in Q1 2023, selling an estimated $766K.
  • Next Capital Management's ten largest holdings make up 50% of its $207M portfolio in Q1 2023.
  • Next Capital Management opened 9 new positions and closed 6 in Q1 2023.
  • Next Capital Management's portfolio value rose 12% quarter-over-quarter to $207M.

Based on Next Capital Management's 13F filing for Q1 2023, filed 28 Apr 2023.