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Next Capital Management Portfolio holdings

AUM $370M
1-Year Est. Return 13.07%
This Fund
S&P 500
This Quarter Est. Return
+11.39%
1 Year Est. Return
+13.07%
3 Year Est. Return
+61.26%
5 Year Est. Return
+63.83%
10 Year Est. Return
–
AUM
$370M
AUM Growth
+$40.3M
Cap. Flow
+$6.97M
Cap. Flow %
1.88%
Top 10 Hldgs %
48.42%
Holding
148
New
14
Increased
39
Reduced
35
Closed
10

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$3.02M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.57M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.36M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$949K
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$704K

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$3.07M
2
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$1.09M
3
GBDC icon
Golub Capital BDC
GBDC
+$805K
4
RYAM icon
Rayonier Advanced Materials
RYAM
+$569K
5
ALAB icon
Astera Labs
ALAB
+$568K

Sector Composition

Rank Sector Weight
1 Miscellaneous 63.54%
2 Financials 20.83%
3 Technology 5.14%
4 Communication Services 3.96%
5 Consumer Discretionary 2.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COF icon
101
Capital One
COF
$135B
$335K 0.09%
1,668
– –
FDX icon
102
FedEx
FDX
$76.3B
$326K 0.09%
+1,040
New +$378K
XME icon
103
State Street SPDR S&P Metals & Mining ETF
XME
$4.87B
$318K 0.09%
+2,975
New +$349K
AIQ icon
104
Global X Artificial Intelligence & Technology ETF
AIQ
$10.2B
$318K 0.09%
4,848
– –
XBI icon
105
State Street SPDR S&P Biotech ETF
XBI
$11.7B
$317K 0.09%
2,000
– –
IYE icon
106
iShares US Energy ETF
IYE
$1.86B
$311K 0.08%
5,500
– –
PSX icon
107
Phillips 66
PSX
$102B
$294K 0.08%
1,738
– –
MAYS icon
108
J.W. Mays
MAYS
$85.5M
$286K 0.08%
7,326
– –
TRV icon
109
Travelers Companies
TRV
$77B
$284K 0.08%
860
– –
ERAS icon
110
Erasca
ERAS
$5.66B
$280K 0.08%
+15,300
New +$219K
ILOW
111
AB International Low Volatility Equity ETF
ILOW
$1.89B
$273K 0.07%
6,013
– –
HON icon
112
Honeywell
HON
$66.4B
$273K 0.07%
1,220
-1,382
-53% -$308K
HONA
113
Honeywell Aerospace
HONA
$51B
$270K 0.07%
+1,220
New +$269K
ITOT icon
114
iShares Core S&P Total US Stock Market ETF
ITOT
$97.6B
$269K 0.07%
+1,637
New +$260K
NMFC icon
115
New Mountain Finance
NMFC
$707M
$268K 0.07%
37,340
+7,660
+26% +$61K
SMH icon
116
VanEck Semiconductor ETF
SMH
$69.5B
$264K 0.07%
+403
New +$220K
VO icon
117
Vanguard Morningstar Mid-Cap ETF
VO
$108B
$261K 0.07%
3,238
+2
+0.1% +$155
WY icon
118
Weyerhaeuser
WY
$16.6B
$239K 0.06%
+10,000
New +$243K
ZGN icon
119
Zegna
ZGN
$5.32B
$238K 0.06%
18,275
– –
SCHF icon
120
Schwab International Equity ETF
SCHF
$70.1B
$236K 0.06%
8,535
+344
+4% +$9.27K
DAL icon
121
Delta Air Lines
DAL
$52.7B
$234K 0.06%
+2,500
New +$189K
ACHV icon
122
Achieve Life Sciences
ACHV
$874M
$229K 0.06%
34,995
– –
PANW icon
123
Palo Alto Networks
PANW
$272B
$225K 0.06%
+660
New +$151K
VB icon
124
Vanguard Morningstar Small-Cap ETF
VB
$81.1B
$224K 0.06%
+738
New +$212K
MO icon
125
Altria Group
MO
$115B
$216K 0.06%
3,000
-683
-19% -$47.7K
2 3 4
5
6

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Next Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Next Capital Management held 148 positions worth $370M, up 12% from $330M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Next Capital Management's Q2 2026 filing shows 14 new, 39 increased, 35 reduced and 10 closed positions. Its largest new stake was Broadcom: 1,142 shares worth $431K. The largest sale was Amazon, an estimated $3.07M.

By sector, the portfolio is most concentrated in Miscellaneous at 64% of assets, up from 60% a quarter earlier, followed by Financials and Technology.

  • Next Capital Management's largest Q2 2026 buy was Broadcom: 1,142 shares worth $431K.
  • Next Capital Management added most to Blue Owl Capital in Q2 2026, an estimated $3.02M increase.
  • Next Capital Management's biggest Q2 2026 reduction was Amazon, cutting an estimated $3.07M.
  • Next Capital Management fully exited JPMorgan Ultra-Short Income ETF in Q2 2026, selling an estimated $1.09M.
  • Next Capital Management's ten largest holdings make up 48% of its $370M portfolio in Q2 2026.
  • Next Capital Management opened 14 new positions and closed 10 in Q2 2026.
  • Next Capital Management's portfolio value rose 12% quarter-over-quarter to $370M.

Based on Next Capital Management's 13F filing for Q2 2026, filed 3 Aug 2026.