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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
+12.09%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$142M
AUM Growth
+$17.1M
(+14%)
Cap. Flow
+$6.19M
Cap. Flow
% of AUM
4.37%
Top 10 Holdings %
Top 10 Hldgs %
50.65%
Holding
119
New
10
Increased
23
Reduced
25
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$6.05M |
| 2 |
ProShares Short Russell2000
RWM
|
+$2.86M |
| 3 |
Golub Capital BDC
GBDC
|
+$1.79M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$1.22M |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$885K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 ETF
IWB
|
+$1.78M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$1.52M |
| 3 |
Schwab U.S Small- Cap ETF
SCHA
|
+$973K |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$747K |
| 5 |
FG
FGL Holdings Ordinary Shares
FG
|
+$741K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 6.58% |
| 2 | Financials | 3.6% |
| 3 | Communication Services | 3.31% |
| 4 | Technology | 2.97% |
| 5 | Energy | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Kinder Morgan
KMI
$70.9B
| – | – |
-7,334
| Closed | -$102K |
|
102
Netflix
NFLX
$307B
| – | – |
-6,230
| Closed | -$234K |
|
103
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| – | – |
-6,435
| Closed | -$119K |
|
104
Phillips 66
PSX
$82.9B
| – | – |
-2,500
| Closed | -$134K |
|
|
TYG
105
Tortoise Energy Infrastructure Corp
TYG
$1.08B
| – | – |
-6,125
| Closed | -$63K |
|
106
Visa
V
$701B
| – | – |
-915
| Closed | -$148K |
|
107
Vanguard Mid-Cap ETF
VO
$106B
| – | – |
-3,712
| Closed | -$122K |
|
108
Verizon
VZ
$197B
| – | – |
-2,341
| Closed | -$126K |
|
109
Williams Companies
WMB
$85.8B
| – | – |
-8,165
| Closed | -$116K |
|
110
Essential Utilities
WTRG
$11.5B
| – | – |
-2,500
| Closed | -$102K |
|
111
Xcel Energy
XEL
$49.2B
| – | – |
-3,809
| Closed | -$230K |
|
|
FG
112
DELISTED
FGL Holdings Ordinary Shares
FG
| – | – |
-75,583
| Closed | -$741K |
|
|
PSXP
113
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| – | – |
-3,310
| Closed | -$121K |
|
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Next Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Next Capital Management held 119 positions worth $142M, up 14% from $125M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Next Capital Management deployed $6.19M of net new capital in Q2 2020, opening 10 new positions and adding to 23 existing holdings. Its largest new stake was ProShares Short Russell2000: 70,000 shares worth $2.53M.
By sector, the portfolio is most concentrated in Healthcare at 6.6% of assets, up from 6.5% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was iShares Russell 1000 ETF, an estimated $1.78M trimmed.
- Next Capital Management's largest Q2 2020 buy was ProShares Short Russell2000: 70,000 shares worth $2.53M.
- Next Capital Management added most to JPMorgan Ultra-Short Income ETF in Q2 2020, an estimated $6.05M increase.
- Next Capital Management's biggest Q2 2020 reduction was iShares Russell 1000 ETF, cutting an estimated $1.78M.
- Next Capital Management fully exited FGL Holdings Ordinary Shares in Q2 2020, selling an estimated $741K.
- Next Capital Management's ten largest holdings make up 51% of its $142M portfolio in Q2 2020.
- Next Capital Management opened 10 new positions and closed 25 in Q2 2020.
- Next Capital Management's portfolio value rose 14% quarter-over-quarter to $142M.
Based on Next Capital Management's 13F filing for Q2 2020, filed 31 Jul 2020.