We are live on ! Find out more
NCM

Next Capital Management Portfolio holdings

AUM $370M
1-Year Est. Return 13.07%
This Fund
S&P 500
This Quarter Est. Return
+9.89%
1 Year Est. Return
+13.07%
3 Year Est. Return
+61.26%
5 Year Est. Return
+63.83%
10 Year Est. Return
–
AUM
$271M
AUM Growth
+$62.1M
Cap. Flow
+$41.4M
Cap. Flow %
15.31%
Top 10 Hldgs %
47.1%
Holding
142
New
24
Increased
65
Reduced
14
Closed
5

Top Buys

Rank Stock Value
1
TCPC icon
BlackRock TCP Capital
TCPC
+$7.96M
2
MFIC icon
MidCap Financial Investment
MFIC
+$6.82M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$4.05M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$3.19M
5
IWB icon
iShares Russell 1000 ETF
IWB
+$2.16M

Top Sells

Rank Stock Value
1
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$1.05M
2
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$958K
3
GBDC icon
Golub Capital BDC
GBDC
+$925K
4
AEP icon
American Electric Power
AEP
+$307K
5
CVX icon
Chevron
CVX
+$203K

Sector Composition

Rank Sector Weight
1 Miscellaneous 60.72%
2 Financials 13.93%
3 Technology 6.95%
4 Communication Services 6.33%
5 Consumer Discretionary 4.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
51
Goldman Sachs
GS
$273B
$1.07M 0.4%
1,519
+377
+33% +$218K
SPHQ icon
52
Invesco S&P 500 Quality ETF
SPHQ
$18.4B
$1.04M 0.39%
14,621
+10,013
+217% +$677K
VYM icon
53
Vanguard High Dividend Yield ETF
VYM
$81.1B
$1.04M 0.38%
7,778
– –
SCHD icon
54
Schwab US Dividend Equity ETF
SCHD
$110B
$1.03M 0.38%
39,007
+717
+2% +$18.7K
JPST icon
55
JPMorgan Ultra-Short Income ETF
JPST
$41.5B
$1.02M 0.38%
20,185
-18,966
-48% -$958K
ECL icon
56
Ecolab
ECL
$76.8B
$1.02M 0.38%
3,775
-455
-11% -$116K
XLK icon
57
State Street Technology Select Sector SPDR ETF
XLK
$120B
$1.01M 0.37%
7,942
+314
+4% +$34.8K
IWM icon
58
iShares Russell 2000 ETF
IWM
$76.5B
$953K 0.35%
4,417
-177
-4% -$35.6K
EFA icon
59
iShares MSCI EAFE ETF
EFA
$77.6B
$913K 0.34%
10,216
+1,159
+13% +$99K
MDB icon
60
MongoDB
MDB
$30.3B
$902K 0.33%
+4,297
New +$794K
JNJ icon
61
Johnson & Johnson
JNJ
$644B
$883K 0.33%
5,783
+3,129
+118% +$481K
BRW
62
Saba Capital Income & Opportunities Fund
BRW
$320M
$804K 0.3%
+99,725
New +$758K
CBZ icon
63
CBIZ
CBZ
$2.96B
$789K 0.29%
11,000
– –
SCHB icon
64
Schwab US Broad Market ETF
SCHB
$43.9B
$785K 0.29%
32,926
+97
+0.3% +$2.14K
VEA icon
65
Vanguard FTSE Developed Markets ETF
VEA
$233B
$771K 0.29%
13,532
+889
+7% +$47.6K
HD icon
66
Home Depot
HD
$302B
$731K 0.27%
1,993
+139
+7% +$50.3K
EMLP icon
67
First Trust North American Energy Infrastructure Fund
EMLP
$4.09B
$726K 0.27%
19,345
– –
PH icon
68
Parker-Hannifin
PH
$116B
$723K 0.27%
1,035
– –
XOM icon
69
ExxonMobil
XOM
$672B
$703K 0.26%
6,522
+739
+13% +$79K
BX icon
70
Blackstone
BX
$92.7B
$677K 0.25%
4,526
+716
+19% +$98.4K
SPOT icon
71
Spotify
SPOT
$113B
$660K 0.24%
860
– –
BN icon
72
Brookfield
BN
$82.7B
$649K 0.24%
15,750
– –
OKE icon
73
Oneok
OKE
$58.4B
$643K 0.24%
7,880
– –
GDX icon
74
VanEck Gold Miners ETF
GDX
$27.9B
$612K 0.23%
11,752
– –
ACWX icon
75
iShares MSCI ACWI ex US ETF
ACWX
$12.2B
$607K 0.22%
9,959
– –
1 2
3
4 5

Similar funds

CPC
Congress Park Capital Saratoga Springs, New York $370M AUM 26.01% 1-Year Est. Return
WE
Wealth Effects Boston, Massachusetts $370M AUM 97.79% 1-Year Est. Return
VC
Veracity Capital Atlanta, Georgia $370M AUM 45.62% 1-Year Est. Return
BOSSRA
B.O.S.S. Retirement Advisors Lehi, Utah $370M AUM 21.67% 1-Year Est. Return
GCM
Gunderson Capital Management Mt. Pleasant, South Carolina $370M AUM 211.56% 1-Year Est. Return
PWMA
Pension & Wealth Management Advisors Waltham, Massachusetts $371M AUM 16.82% 1-Year Est. Return
RWM
Reston Wealth Management Reston, Virginia $371M AUM 23.47% 1-Year Est. Return
CC
Cypress Capital Franklin, Tennessee $370M AUM 16.36% 1-Year Est. Return

Next Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Next Capital Management held 142 positions worth $271M, up 30% from $208M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Next Capital Management deployed $41.4M of net new capital in Q2 2025, opening 24 new positions and adding to 65 existing holdings. Its largest new stake was MongoDB: 4,297 shares worth $902K.

By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, down from 65% a quarter earlier, followed by Financials and Technology.

On the sell side, the largest reduction was JPMorgan Ultra-Short Income ETF, an estimated $958K trimmed.

  • Next Capital Management's largest Q2 2025 buy was MongoDB: 4,297 shares worth $902K.
  • Next Capital Management added most to BlackRock TCP Capital in Q2 2025, an estimated $7.96M increase.
  • Next Capital Management's biggest Q2 2025 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $958K.
  • Next Capital Management fully exited iShares 0-5 Year High Yield Corporate Bond ETF in Q2 2025, selling an estimated $1.05M.
  • Next Capital Management's ten largest holdings make up 47% of its $271M portfolio in Q2 2025.
  • Next Capital Management opened 24 new positions and closed 5 in Q2 2025.
  • Next Capital Management's portfolio value rose 30% quarter-over-quarter to $271M.

Based on Next Capital Management's 13F filing for Q2 2025, filed 5 Aug 2025.