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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
-15.68%
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
-$10.5M
Cap. Flow
+$16.1M
Cap. Flow %
11.7%
Top 10 Hldgs %
42.04%
Holding
129
New
12
Increased
60
Reduced
9
Closed
13

Top Buys

Rank Stock Value
1
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$2.87M
2
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
+$2.55M
3
AFT
Apollo Senior Floating Rate Fund Inc.
AFT
+$2.11M
4
OBDC icon
Blue Owl Capital
OBDC
+$1.86M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.63M

Top Sells

Rank Stock Value
1
JRO
Nuveen Floating Rate Income Opportunty Fund
JRO
+$2.43M
2
IYE icon
iShares US Energy ETF
IYE
+$1.71M
3
XOM icon
ExxonMobil
XOM
+$1.02M
4
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$619K
5
RIV
RiverNorth Opportunities Fund
RIV
+$418K

Sector Composition

Rank Sector Weight
1 Financials 10.47%
2 Technology 5.18%
3 Consumer Discretionary 4.24%
4 Healthcare 3.82%
5 Communication Services 2.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BXMT icon
76
Blackstone Mortgage Trust
BXMT
$2.81B
$367K 0.27%
+13,143
New +$398K
TYG
77
Tortoise Energy Infrastructure Corp
TYG
$1.1B
$365K 0.27%
12,355
– –
DSL
78
DoubleLine Income Solutions Fund
DSL
$1.23B
$364K 0.26%
+30,030
New +$396K
OPP
79
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
$354K 0.26%
+32,947
New +$366K
NEA icon
80
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.35B
$352K 0.26%
30,038
– –
WVVI icon
81
Willamette Valley Vineyards
WVVI
$13.5M
$343K 0.25%
54,800
– –
NEAR icon
82
iShares Short Maturity Bond ETF
NEAR
$4.82B
$342K 0.25%
6,958
+385
+6% +$19K
GOOG icon
83
Alphabet (Google) Class C
GOOG
$4.07T
$341K 0.25%
3,120
+80
+3% +$9.45K
RING icon
84
iShares MSCI Global Gold Miners ETF
RING
$2.27B
$338K 0.25%
15,530
– –
VEA icon
85
Vanguard FTSE Developed Markets ETF
VEA
$225B
$334K 0.24%
8,193
+626
+8% +$27.8K
IWC icon
86
iShares Micro-Cap ETF
IWC
$1.45B
$324K 0.24%
3,123
– –
PSX icon
87
Phillips 66
PSX
$82.5B
$320K 0.23%
3,904
– –
TRS icon
88
TriMas Corp
TRS
$1.44B
$318K 0.23%
11,500
– –
MRK icon
89
Merck
MRK
$326B
$313K 0.23%
3,436
+24
+0.7% +$2.13K
OKE icon
90
Oneok
OKE
$55.9B
$312K 0.23%
5,633
+13
+0.2% +$843
SPY icon
91
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$309K 0.22%
820
+93
+13% +$38.1K
PH icon
92
Parker-Hannifin
PH
$125B
$246K 0.18%
1,000
– –
VCIT icon
93
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.4B
$242K 0.18%
3,031
+237
+8% +$19.3K
ABBV icon
94
AbbVie
ABBV
$465B
$230K 0.17%
1,507
+7
+0.5% +$1.07K
SPMB icon
95
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
$230K 0.17%
10,095
+1,275
+14% +$29.4K
WMB icon
96
Williams Companies
WMB
$85.8B
$229K 0.17%
7,361
– –
MDLZ icon
97
Mondelez International
MDLZ
$80.2B
$227K 0.16%
3,656
– –
VZ icon
98
Verizon
VZ
$201B
$227K 0.16%
4,489
-1,500
-25% -$75.9K
DBEF icon
99
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.16B
$220K 0.16%
6,331
– –
SHYG icon
100
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
$213K 0.15%
5,259
+465
+10% +$19.7K
1 2 3
4
5

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BAM
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KFBMI
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Next Capital Management's Q2 2022 Portfolio in Review

As of Q2 2022, Next Capital Management held 129 positions worth $138M, down 7.1% from $148M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Next Capital Management deployed $16.1M of net new capital in Q2 2022, opening 12 new positions and adding to 60 existing holdings. Its largest new stake was Blackstone Long-Short Credit Income Fund: 229,604 shares worth $2.64M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 8.5% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was iShares US Energy ETF, an estimated $1.71M trimmed.

  • Next Capital Management's largest Q2 2022 buy was Blackstone Long-Short Credit Income Fund: 229,604 shares worth $2.64M.
  • Next Capital Management added most to Apollo Senior Floating Rate Fund Inc. in Q2 2022, an estimated $2.11M increase.
  • Next Capital Management's biggest Q2 2022 reduction was iShares US Energy ETF, cutting an estimated $1.71M.
  • Next Capital Management fully exited Nuveen Floating Rate Income Opportunty Fund in Q2 2022, selling an estimated $2.43M.
  • Next Capital Management's ten largest holdings make up 42% of its $138M portfolio in Q2 2022.
  • Next Capital Management opened 12 new positions and closed 13 in Q2 2022.
  • Next Capital Management's portfolio value fell 7.1% quarter-over-quarter to $138M.

Based on Next Capital Management's 13F filing for Q2 2022, filed 20 Jul 2022.