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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
-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
(-12%)
Cap. Flow
-$18.3M
Cap. Flow
% of AUM
-13.32%
Top 10 Holdings %
Top 10 Hldgs %
43.86%
Holding
117
New
9
Increased
20
Reduced
26
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$724K |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$707K |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$611K |
| 4 |
MiMedx Group
MDXG
|
+$586K |
| 5 |
SGFY
Signify Health, Inc.
SGFY
|
+$509K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Globus Medical
GMED
|
+$8.61M |
| 2 |
BRW
Saba Capital Income & Opportunities Fund
BRW
|
+$2.73M |
| 3 |
Meta Platforms (Facebook)
META
|
+$2.67M |
| 4 |
BlackRock Floating Rate Income Strategies Fund
FRA
|
+$1.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
VanEck Gold Miners ETF
GDX
$22.5B
| – | – |
-6,450
| Closed | -$219K |
|
|
102
Globus Medical
GMED
$11.1B
| – | – |
-111,098
| Closed | -$8.61M |
|
103
Invesco WilderHill Clean Energy ETF
PBW
$379M
| – | – |
-5,000
| Closed | -$466K |
|
104
Pacira BioSciences
PCRX
$1.04B
| – | – |
-3,500
| Closed | -$212K |
|
105
Phillips 66
PSX
$82.9B
| – | – |
-2,500
| Closed | -$215K |
|
106
Teladoc Health
TDOC
$1.66B
| – | – |
-1,222
| Closed | -$203K |
|
107
Williams Companies
WMB
$85.8B
| – | – |
-8,809
| Closed | -$234K |
|
|
MMP
108
DELISTED
Magellan Midstream Partners, L.P.
MMP
| – | – |
-4,564
| Closed | -$223K |
|
|
NXU.U
109
DELISTED
Novus Capital Corporation II Units, each consisting of one share of Class A common stock and one thi
NXU.U
| – | – |
-26,900
| Closed | -$272K |
|
|
RDS.A
110
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| – | – |
-7,419
| Closed | -$300K |
|
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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.