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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
+10.23%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$235M
AUM Growth
+$11.7M
Cap. Flow
-$9.98M
Cap. Flow %
-4.25%
Top 10 Hldgs %
48.32%
Holding
131
New
16
Increased
32
Reduced
26
Closed
6

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$3.73M
2
VYM icon
Vanguard High Dividend Yield ETF
VYM
+$1.41M
3
IUSV icon
iShares Core S&P US Value ETF
IUSV
+$759K
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$524K
5
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$473K

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$9.23M
2
GBDC icon
Golub Capital BDC
GBDC
+$5.06M
3
OBDC icon
Blue Owl Capital
OBDC
+$1.68M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$1.14M
5
BX icon
Blackstone
BX
+$905K

Sector Composition

Rank Sector Weight
1 Financials 21.06%
2 Consumer Discretionary 7.83%
3 Technology 4.06%
4 Communication Services 3.95%
5 Consumer Staples 1.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMLP icon
51
First Trust North American Energy Infrastructure Fund
EMLP
$4.09B
$858K 0.37%
30,979
-2,517
-8% -$67.8K
IUSV icon
52
iShares Core S&P US Value ETF
IUSV
$27.2B
$822K 0.35%
+9,747
New +$759K
TCPC icon
53
BlackRock TCP Capital
TCPC
$273M
$815K 0.35%
70,612
– –
PPG icon
54
PPG Industries
PPG
$25B
$778K 0.33%
5,204
– –
BX icon
55
Blackstone
BX
$102B
$752K 0.32%
5,743
-8,361
-59% -$905K
XLK icon
56
State Street Technology Select Sector SPDR ETF
XLK
$115B
$745K 0.32%
7,738
– –
IWP icon
57
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$711K 0.3%
6,810
-84
-1% -$7.96K
EFA icon
58
iShares MSCI EAFE ETF
EFA
$78.5B
$706K 0.3%
9,366
– –
NRK icon
59
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$903M
$702K 0.3%
66,704
– –
PM icon
60
Philip Morris
PM
$299B
$691K 0.29%
7,341
+303
+4% +$27.9K
CBZ icon
61
CBIZ
CBZ
$3B
$688K 0.29%
11,000
– –
OLP
62
One Liberty Properties
OLP
$532M
$683K 0.29%
31,165
– –
HD icon
63
Home Depot
HD
$332B
$662K 0.28%
1,910
-82
-4% -$25.4K
GOOGL icon
64
Alphabet (Google) Class A
GOOGL
$4.08T
$641K 0.27%
4,586
– –
EFT
65
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$612K 0.26%
48,759
-44,460
-48% -$543K
GOOG icon
66
Alphabet (Google) Class C
GOOG
$4.08T
$609K 0.26%
4,323
+1,248
+41% +$169K
CMCSA icon
67
Comcast
CMCSA
$84B
$607K 0.26%
13,838
– –
VUG icon
68
Vanguard Morningstar Growth ETF
VUG
$218B
$568K 0.24%
10,962
– –
OKE icon
69
Oneok
OKE
$56.1B
$562K 0.24%
8,000
– –
NFLX icon
70
Netflix
NFLX
$305B
$541K 0.23%
11,120
+2,820
+34% +$123K
OPP
71
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
$534K 0.23%
64,663
– –
DIVB icon
72
iShares Core Dividend ETF
DIVB
$1.68B
$513K 0.22%
12,487
– –
VIG icon
73
Vanguard Dividend Appreciation ETF
VIG
$112B
$501K 0.21%
+2,942
New +$473K
VWO icon
74
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$484K 0.21%
11,768
– –
PH icon
75
Parker-Hannifin
PH
$121B
$481K 0.2%
1,045
– –
1 2
3
4 5

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KFBMI
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Next Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Next Capital Management held 131 positions worth $235M, up 5.3% from $223M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Next Capital Management withdrew a net $9.98M in Q4 2023, closing 6 positions and reducing 26 holdings. Its most notable exit was Activision Blizzard, an estimated $449K position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Next Capital Management opened a new position in Vanguard High Dividend Yield ETF worth $1.5M.

  • Next Capital Management's largest Q4 2023 buy was Vanguard High Dividend Yield ETF: 13,427 shares worth $1.5M.
  • Next Capital Management added most to Vanguard S&P 500 ETF in Q4 2023, an estimated $3.73M increase.
  • Next Capital Management's biggest Q4 2023 reduction was Amazon, cutting an estimated $9.23M.
  • Next Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $449K.
  • Next Capital Management's ten largest holdings make up 48% of its $235M portfolio in Q4 2023.
  • Next Capital Management opened 16 new positions and closed 6 in Q4 2023.
  • Next Capital Management's portfolio value rose 5.3% quarter-over-quarter to $235M.

Based on Next Capital Management's 13F filing for Q4 2023, filed 19 Jan 2024.