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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
+13.1%
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
-$8.06M
(-5.4%)
Cap. Flow
-$23M
Cap. Flow
% of AUM
-16.15%
Top 10 Holdings %
Top 10 Hldgs %
41.4%
Holding
120
New
22
Increased
22
Reduced
30
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$2.7M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$2.61M |
| 3 |
Apple
AAPL
|
+$2.32M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$1.51M |
| 5 |
McDonald's
MCD
|
+$989K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$10.9M |
| 2 |
BRW
Saba Capital Income & Opportunities Fund
BRW
|
+$7.17M |
| 3 |
ProShares Short S&P500
SH
|
+$5.71M |
| 4 |
ProShares Short Russell2000
RWM
|
+$2.38M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.47% |
| 2 | Financials | 7.25% |
| 3 | Technology | 6.32% |
| 4 | Communication Services | 5.33% |
| 5 | Consumer Staples | 2.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
GE Aerospace
GE
$368B
| $156K | 0.11% |
2,889
| – | – |
|
102
Annaly Capital Management
NLY
$17.4B
| $87K | 0.06% |
2,578
| – | – |
|
|
BRW
103
Saba Capital Income & Opportunities Fund
BRW
$342M
| $57K | 0.04% |
6,329
-813,771
| -99% | -$7.17M |
|
104
Cineverse
CNVS
$56M
| $8K | 0.01% |
654
| – | – |
|
|
SHLO
105
DELISTED
Shiloh Industries Inc
SHLO
| $1K | ﹤0.01% |
20,000
| – | – |
|
106
Brookfield
BN
$103B
| – | – |
-19,619
| Closed | -$347K |
|
107
CBIZ
CBZ
$3B
| – | – |
-11,000
| Closed | -$252K |
|
|
NXJ
108
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| – | – |
-50,100
| Closed | -$678K |
|
|
109
ProShares Short Russell2000
RWM
$132M
| – | – |
-70,000
| Closed | -$2.38M |
|
110
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| – | – |
-33,400
| Closed | -$7.08M |
|
111
TriMas Corp
TRS
$1.36B
| – | – |
-11,500
| Closed | -$262K |
|
112
Tesla
TSLA
$1.22T
| – | – |
-2,355
| Closed | -$337K |
|
|
PRTY
113
DELISTED
Party City Holdco Inc.
PRTY
| – | – |
-83,680
| Closed | -$218K |
|
|
XOG
114
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| – | – |
-16,523
| Closed | -$1K |
|
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Next Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Next Capital Management held 120 positions worth $142M, down 5.4% from $150M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Next Capital Management withdrew a net $23M in Q4 2020, closing 9 positions and reducing 30 holdings. Its most notable exit was ProShares Short Russell2000, an estimated $2.38M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 9.5% of assets, up from 6.4% a quarter earlier, followed by Financials and Technology.
Against the trend, Next Capital Management opened a new position in State Street Health Care Select Sector SPDR ETF worth $2.71M.
- Next Capital Management's largest Q4 2020 buy was State Street Health Care Select Sector SPDR ETF: 23,925 shares worth $2.71M.
- Next Capital Management added most to State Street Financial Select Sector SPDR ETF in Q4 2020, an estimated $2.7M increase.
- Next Capital Management's biggest Q4 2020 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $10.9M.
- Next Capital Management fully exited ProShares Short Russell2000 in Q4 2020, selling an estimated $2.38M.
- Next Capital Management's ten largest holdings make up 41% of its $142M portfolio in Q4 2020.
- Next Capital Management opened 22 new positions and closed 9 in Q4 2020.
- Next Capital Management's portfolio value fell 5.4% quarter-over-quarter to $142M.
Based on Next Capital Management's 13F filing for Q4 2020, filed 27 Jan 2021.