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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
-0.39%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$19.3M
Cap. Flow
-$18.3M
Cap. Flow %
-13.32%
Top 10 Hldgs %
43.86%
Holding
117
New
9
Increased
20
Reduced
26
Closed
14

Top Buys

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$724K
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$707K
3
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$611K
4
MDXG icon
MiMedx Group
MDXG
+$586K
5
SGFY
Signify Health, Inc.
SGFY
+$509K

Top Sells

Rank Stock Value
1
GMED icon
Globus Medical
GMED
+$8.61M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$2.73M
3
META icon
Meta Platforms (Facebook)
META
+$2.67M
4
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$1.8M
5
GBDC icon
Golub Capital BDC
GBDC
+$1.04M

Sector Composition

Rank Sector Weight
1 Financials 7.92%
2 Technology 6.45%
3 Communication Services 5.02%
4 Healthcare 4.5%
5 Consumer Staples 1.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OKE icon
76
Oneok
OKE
$56.7B
$326K 0.24%
5,620
-619
-10% -$33.3K
TPYP icon
77
Tortoise North American Pipeline ETF
TPYP
$871M
$299K 0.22%
13,708
– –
BXMT icon
78
Blackstone Mortgage Trust
BXMT
$2.77B
$298K 0.22%
9,723
+678
+7% +$21.5K
CSGS
79
DELISTED
CSG Systems International
CSGS
$289K 0.21%
6,000
– –
BRMK
80
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$282K 0.2%
28,597
– –
PH icon
81
Parker-Hannifin
PH
$120B
$280K 0.2%
1,000
– –
SCHM icon
82
Schwab US Mid-Cap ETF
SCHM
$14.2B
$280K 0.2%
10,947
+12
+0.1% +$314
INTU icon
83
Intuit
INTU
$91.1B
$270K 0.2%
500
– –
VCIT icon
84
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
$264K 0.19%
2,794
+210
+8% +$20K
MRK icon
85
Merck
MRK
$322B
$256K 0.19%
3,412
-100
-3% -$7.61K
CLX icon
86
Clorox
CLX
$12B
$248K 0.18%
1,500
– –
MGM icon
87
MGM Resorts International
MGM
$11.7B
$248K 0.18%
5,750
– –
DBEF icon
88
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.1B
$239K 0.17%
6,331
– –
PFF icon
89
iShares Preferred and Income Securities ETF
PFF
$13.1B
$230K 0.17%
5,917
+767
+15% +$30.1K
NFLX icon
90
Netflix
NFLX
$307B
$228K 0.17%
+3,730
New +$205K
SPMB icon
91
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$6.97B
$227K 0.16%
+8,820
New +$228K
SHYG icon
92
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.6B
$219K 0.16%
+4,794
New +$219K
NET icon
93
Cloudflare
NET
$96B
$214K 0.16%
+1,900
New +$227K
EUSGU
94
DELISTED
European Sustainable Growth Acquisition Corp. Unit
EUSGU
$193K 0.14%
+18,415
New +$190K
NVG icon
95
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
$186K 0.14%
10,818
-15,506
-59% -$276K
CNVS icon
96
Cineverse
CNVS
$56.9M
$33K 0.02%
654
– –
BGX
97
Blackstone Long-Short Credit Income Fund
BGX
$135M
– –
-29,912
Closed -$452K
DIS icon
98
Walt Disney
DIS
$171B
– –
-2,000
Closed -$352K
EPD icon
99
Enterprise Products Partners
EPD
$83.7B
– –
-13,061
Closed -$315K
EVF
100
Eaton Vance Senior Income Trust
EVF
$89.9M
– –
-56,589
Closed -$383K
1 2 3
4
5

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KFBMI
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Next Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Next Capital Management held 117 positions worth $138M, down 12% from $157M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Next Capital Management withdrew a net $18.3M in Q3 2021, closing 14 positions and reducing 26 holdings. Its most notable exit was Globus Medical, an estimated $8.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.9% of assets, up from 7.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Next Capital Management opened a new position in Signify Health, Inc. worth $354K.

  • Next Capital Management's largest Q3 2021 buy was Signify Health, Inc.: 19,793 shares worth $354K.
  • Next Capital Management added most to State Street Financial Select Sector SPDR ETF in Q3 2021, an estimated $724K increase.
  • Next Capital Management's biggest Q3 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $2.73M.
  • Next Capital Management fully exited Globus Medical in Q3 2021, selling an estimated $8.61M.
  • Next Capital Management's ten largest holdings make up 44% of its $138M portfolio in Q3 2021.
  • Next Capital Management opened 9 new positions and closed 14 in Q3 2021.
  • Next Capital Management's portfolio value fell 12% quarter-over-quarter to $138M.

Based on Next Capital Management's 13F filing for Q3 2021, filed 19 Oct 2021.