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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
TCPC icon
51
BlackRock TCP Capital
TCPC
$278M
$829K 0.37%
70,612
– –
MSFT icon
52
Microsoft
MSFT
$2.9T
$824K 0.37%
2,608
+109
+4% +$36K
VGT icon
53
Vanguard Information Technology ETF
VGT
$133B
$799K 0.36%
15,400
– –
PPG icon
54
PPG Industries
PPG
$24.9B
$675K 0.3%
5,204
– –
PM icon
55
Philip Morris
PM
$309B
$652K 0.29%
7,038
-6,836
-49% -$658K
EFA icon
56
iShares MSCI EAFE ETF
EFA
$76.4B
$646K 0.29%
9,366
– –
XLK icon
57
State Street Technology Select Sector SPDR ETF
XLK
$109B
$634K 0.28%
7,738
-818
-10% -$70.1K
NRK icon
58
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$630K 0.28%
66,704
– –
IWP icon
59
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
$630K 0.28%
6,894
-250
-3% -$23.9K
CMCSA icon
60
Comcast
CMCSA
$87.3B
$614K 0.27%
13,838
– –
HD icon
61
Home Depot
HD
$337B
$602K 0.27%
1,992
+75
+4% +$24.1K
GOOGL icon
62
Alphabet (Google) Class A
GOOGL
$4.12T
$600K 0.27%
4,586
+289
+7% +$37.4K
OLP
63
One Liberty Properties
OLP
$542M
$588K 0.26%
31,165
– –
CBZ icon
64
CBIZ
CBZ
$2.98B
$571K 0.26%
11,000
– –
OKE icon
65
Oneok
OKE
$56.7B
$507K 0.23%
8,000
+2,380
+42% +$155K
OPP
66
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$189M
$505K 0.23%
64,663
+31,716
+96% +$263K
VUG icon
67
Vanguard Morningstar Growth ETF
VUG
$212B
$498K 0.22%
10,962
+1,632
+17% +$77.1K
DIVB icon
68
iShares Core Dividend ETF
DIVB
$1.71B
$465K 0.21%
+12,487
New +$484K
VWO icon
69
Vanguard FTSE Emerging Markets ETF
VWO
$117B
$461K 0.21%
11,768
-770
-6% -$31.4K
ATVI
70
DELISTED
Activision Blizzard
ATVI
$449K 0.2%
4,800
-562
-10% -$51.3K
NEAR icon
71
iShares Short Maturity Bond ETF
NEAR
$4.82B
$448K 0.2%
8,975
– –
CE icon
72
Celanese
CE
$4.82B
$439K 0.2%
3,500
– –
BOND icon
73
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
$438K 0.2%
4,987
– –
SLRC icon
74
SLR Investment Corp
SLRC
$704M
$424K 0.19%
27,520
– –
VEA icon
75
Vanguard FTSE Developed Markets ETF
VEA
$223B
$423K 0.19%
9,685
+216
+2% +$9.88K
1 2
3
4 5

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KFBMI
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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.