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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
+11.56%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$118M
AUM Growth
+$4.28M
Cap. Flow
-$7.74M
Cap. Flow %
-6.54%
Top 10 Hldgs %
44.12%
Holding
280
New
46
Increased
25
Reduced
43
Closed
27

Top Buys

Rank Stock Value
1
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$1.76M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.21M
3
IWD icon
iShares Russell 1000 Value ETF
IWD
+$1.14M
4
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$833K
5
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$744K

Top Sells

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$5.86M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$3.86M
3
IWB icon
iShares Russell 1000 ETF
IWB
+$1.72M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$1.07M
5
SCHM icon
Schwab US Mid-Cap ETF
SCHM
+$844K

Sector Composition

Rank Sector Weight
1 Communication Services 4.61%
2 Financials 3.23%
3 Healthcare 2.97%
4 Technology 2.87%
5 Industrials 1.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSL
76
DoubleLine Income Solutions Fund
DSL
$1.22B
$212K 0.18%
10,662
– –
XLK icon
77
State Street Technology Select Sector SPDR ETF
XLK
$115B
$212K 0.18%
5,730
– –
EFA icon
78
iShares MSCI EAFE ETF
EFA
$78B
$207K 0.18%
3,186
-198
-6% -$12.5K
V icon
79
Visa
V
$684B
$205K 0.17%
1,310
+120
+10% +$17.3K
IWB icon
80
iShares Russell 1000 ETF
IWB
$48.2B
$203K 0.17%
1,290
-11,381
-90% -$1.72M
FNDX icon
81
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
$201K 0.17%
15,894
-1,755
-10% -$21.6K
STWD icon
82
Starwood Property Trust
STWD
$5.92B
$189K 0.16%
8,380
– –
IUSV icon
83
iShares Core S&P US Value ETF
IUSV
$27.2B
$181K 0.15%
3,306
-3,585
-52% -$192K
MA icon
84
Mastercard
MA
$502B
$159K 0.13%
674
+43
+7% +$9.25K
SBUX icon
85
Starbucks
SBUX
$120B
$150K 0.13%
2,014
– –
PRF icon
86
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
$146K 0.12%
6,435
– –
GE icon
87
GE Aerospace
GE
$374B
$144K 0.12%
2,889
+2,847
+6,779% +$134K
SCHE icon
88
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
$143K 0.12%
5,506
-126
-2% -$3.19K
BF.B icon
89
Brown-Forman Class B
BF.B
$13.2B
$139K 0.12%
2,625
– –
RWL icon
90
Invesco S&P 500 Revenue ETF
RWL
$9.62B
$137K 0.12%
2,660
– –
BAC icon
91
Bank of America
BAC
$435B
$134K 0.11%
4,856
– –
COP icon
92
ConocoPhillips
COP
$147B
$133K 0.11%
2,000
– –
EXEL icon
93
Exelixis
EXEL
$13.3B
$131K 0.11%
5,500
– –
INTU icon
94
Intuit
INTU
$86.5B
$131K 0.11%
500
– –
UL icon
95
Unilever
UL
$137B
$129K 0.11%
1,989
+629
+46% +$38.3K
IWN icon
96
iShares Russell 2000 Value ETF
IWN
$14.3B
$128K 0.11%
+1,066
New +$127K
EXC icon
97
Exelon
EXC
$47.2B
$125K 0.11%
3,505
– –
GBDC icon
98
Golub Capital BDC
GBDC
$3.34B
$125K 0.11%
7,127
– –
SCHF icon
99
Schwab International Equity ETF
SCHF
$66.6B
$125K 0.11%
8,014
+126
+2% +$1.92K
SPOT icon
100
Spotify
SPOT
$103B
$119K 0.1%
860
– –
2 3
4
5 6

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KFBMI
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Next Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Next Capital Management held 280 positions worth $118M, up 3.8% from $114M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Next Capital Management withdrew a net $7.74M in Q1 2019, closing 27 positions and reducing 43 holdings. Its most notable exit was ConvergeOne Holdings, Inc. Class A Common Stock, an estimated $162K position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 4.6% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Next Capital Management opened a new position in Blackstone Long-Short Credit Income Fund worth $1.78M.

  • Next Capital Management's largest Q1 2019 buy was Blackstone Long-Short Credit Income Fund: 116,901 shares worth $1.78M.
  • Next Capital Management added most to iShares Core S&P 500 ETF in Q1 2019, an estimated $1.21M increase.
  • Next Capital Management's biggest Q1 2019 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $5.86M.
  • Next Capital Management fully exited ConvergeOne Holdings, Inc. Class A Common Stock in Q1 2019, selling an estimated $162K.
  • Next Capital Management's ten largest holdings make up 44% of its $118M portfolio in Q1 2019.
  • Next Capital Management opened 46 new positions and closed 27 in Q1 2019.
  • Next Capital Management's portfolio value rose 3.8% quarter-over-quarter to $118M.

Based on Next Capital Management's 13F filing for Q1 2019, filed 22 Apr 2019.