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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
+3.23%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$239M
AUM Growth
-$8.72M
Cap. Flow
-$16M
Cap. Flow %
-6.68%
Top 10 Hldgs %
46.38%
Holding
152
New
7
Increased
40
Reduced
48
Closed
16

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$8.33M
2
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$4.52M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$799K
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$740K
5
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$731K

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$19.4M
2
IWB icon
iShares Russell 1000 ETF
IWB
+$3.78M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$2.76M
4
AFT
Apollo Senior Floating Rate Fund Inc.
AFT
+$2.2M
5
VGT icon
Vanguard Information Technology ETF
VGT
+$1.04M

Sector Composition

Rank Sector Weight
1 Financials 12.89%
2 Technology 6.64%
3 Consumer Discretionary 6.08%
4 Communication Services 5.94%
5 Healthcare 2.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFLX icon
51
Netflix
NFLX
$304B
$1.02M 0.43%
15,130
+750
+5% +$46.8K
LLY icon
52
Eli Lilly
LLY
$1.09T
$1.02M 0.43%
1,123
-46
-4% -$36.8K
GOOGL icon
53
Alphabet (Google) Class A
GOOGL
$4.1T
$944K 0.39%
5,180
-599
-10% -$101K
IWM icon
54
iShares Russell 2000 ETF
IWM
$80.3B
$925K 0.39%
4,615
+229
+5% +$46.3K
IWP icon
55
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
$892K 0.37%
8,294
+1,484
+22% +$163K
XLK icon
56
State Street Technology Select Sector SPDR ETF
XLK
$112B
$887K 0.37%
7,844
+106
+1% +$11.2K
VYM icon
57
Vanguard High Dividend Yield ETF
VYM
$81.8B
$875K 0.37%
7,374
-6,079
-45% -$721K
EMLP icon
58
First Trust North American Energy Infrastructure Fund
EMLP
$4.15B
$873K 0.37%
28,673
– –
CBZ icon
59
CBIZ
CBZ
$2.5B
$815K 0.34%
11,000
– –
NRK icon
60
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$903M
$740K 0.31%
66,704
– –
EFA icon
61
iShares MSCI EAFE ETF
EFA
$76.8B
$734K 0.31%
9,366
– –
HD icon
62
Home Depot
HD
$343B
$734K 0.31%
2,131
-76
-3% -$25.9K
BX icon
63
Blackstone
BX
$107B
$709K 0.3%
5,730
-162
-3% -$19.9K
VUG icon
64
Vanguard Growth ETF
VUG
$216B
$663K 0.28%
10,632
– –
PPG icon
65
PPG Industries
PPG
$27B
$655K 0.27%
5,204
-16
-0.3% -$2.12K
OKE icon
66
Oneok
OKE
$55.9B
$653K 0.27%
8,003
-79
-1% -$6.31K
QCOM icon
67
Qualcomm
QCOM
$171B
$621K 0.26%
3,119
-139
-4% -$26.3K
VEA icon
68
Vanguard FTSE Developed Markets ETF
VEA
$225B
$617K 0.26%
12,494
+302
+2% +$15K
CRM icon
69
Salesforce
CRM
$150B
$617K 0.26%
2,401
+1,109
+86% +$297K
OBDC icon
70
Blue Owl Capital
OBDC
$5.47B
$616K 0.26%
40,121
-1,214,118
-97% -$19.4M
MRK icon
71
Merck
MRK
$325B
$606K 0.25%
4,891
+533
+12% +$68.7K
AEP icon
72
American Electric Power
AEP
$72.9B
$588K 0.25%
6,707
-4
-0.1% -$350
CMCSA icon
73
Comcast
CMCSA
$85.5B
$584K 0.24%
14,918
+905
+6% +$35.4K
DIVB icon
74
iShares Core Dividend ETF
DIVB
$1.71B
$552K 0.23%
12,487
– –
OPP
75
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$191M
$552K 0.23%
64,625
-38
-0.1% -$318
1 2
3
4 5

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Next Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Next Capital Management held 152 positions worth $239M, down 3.5% from $248M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Next Capital Management withdrew a net $16M in Q2 2024, closing 16 positions and reducing 48 holdings. Its most notable exit was iShares Russell 1000 ETF, an estimated $3.78M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 17% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Next Capital Management opened a new position in TransUnion worth $422K.

  • Next Capital Management's largest Q2 2024 buy was TransUnion: 5,691 shares worth $422K.
  • Next Capital Management added most to Golub Capital BDC in Q2 2024, an estimated $8.33M increase.
  • Next Capital Management's biggest Q2 2024 reduction was Blue Owl Capital, cutting an estimated $19.4M.
  • Next Capital Management fully exited iShares Russell 1000 ETF in Q2 2024, selling an estimated $3.78M.
  • Next Capital Management's ten largest holdings make up 46% of its $239M portfolio in Q2 2024.
  • Next Capital Management opened 7 new positions and closed 16 in Q2 2024.
  • Next Capital Management's portfolio value fell 3.5% quarter-over-quarter to $239M.

Based on Next Capital Management's 13F filing for Q2 2024, filed 20 Aug 2024.