We are live on ! Find out more
NCM

Next Capital Management Portfolio holdings

AUM $330M
1-Year Est. Return 11.54%
This Fund
S&P 500
This Quarter Est. Return
+5.88%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$185M
AUM Growth
+$53.1M
Cap. Flow
+$48.1M
Cap. Flow %
25.92%
Top 10 Hldgs %
48.84%
Holding
131
New
19
Increased
37
Reduced
37
Closed
7

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$17.1M
2
GBDC icon
Golub Capital BDC
GBDC
+$6.83M
3
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$5.6M
4
IVW icon
iShares S&P 500 Growth ETF
IVW
+$3.65M
5
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$2.78M

Top Sells

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$711K
2
QQQ icon
Invesco QQQ Trust
QQQ
+$488K
3
NSL
NUVEEN SENIOR INCM FD
NSL
+$454K
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$409K
5
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$318K

Sector Composition

Rank Sector Weight
1 Financials 22.79%
2 Technology 3.8%
3 Consumer Discretionary 3.14%
4 Healthcare 2.89%
5 Communication Services 2.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WMB icon
101
Williams Companies
WMB
$85.8B
$242K 0.13%
7,361
-132
-2% -$4.3K
HCA icon
102
HCA Healthcare
HCA
$88.4B
$240K 0.13%
+1,000
New +$224K
VCIT icon
103
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
$235K 0.13%
3,031
– –
SPMB icon
104
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$6.97B
$219K 0.12%
10,095
– –
GS icon
105
Goldman Sachs
GS
$289B
$217K 0.12%
+631
New +$220K
ABBV icon
106
AbbVie
ABBV
$465B
$213K 0.11%
1,315
-378
-22% -$58K
CLX icon
107
Clorox
CLX
$12B
$210K 0.11%
+1,500
New +$213K
MO icon
108
Altria Group
MO
$125B
$209K 0.11%
+4,576
New +$207K
DBEF icon
109
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.1B
$204K 0.11%
6,331
– –
PINS icon
110
Pinterest
PINS
$13.7B
$203K 0.11%
+8,370
New +$200K
SPHQ icon
111
Invesco S&P 500 Quality ETF
SPHQ
$19B
$202K 0.11%
+4,596
New +$201K
ZGN icon
112
Zegna
ZGN
$4.01B
$191K 0.1%
18,275
– –
BSL
113
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
$151K 0.08%
+12,166
New +$153K
ETWO
114
DELISTED
E2open Parent Holdings
ETWO
$143K 0.08%
24,295
– –
NVG icon
115
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
$131K 0.07%
10,818
– –
RC
116
Ready Capital
RC
$260M
$126K 0.07%
11,113
– –
BRMK
117
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$102K 0.06%
28,597
– –
NOTV
118
DELISTED
Inotiv
NOTV
$99K 0.05%
+20,000
New +$249K
ADSE icon
119
ADS-TEC Energy
ADSE
$908M
$40K 0.02%
12,915
– –
AMT icon
120
American Tower
AMT
$83.5B
– –
-1,006
Closed -$216K
ARKG icon
121
ARK Genomic Revolution ETF
ARKG
$1.53B
– –
-6,716
Closed -$221K
BP icon
122
BP
BP
$112B
– –
-7,690
Closed -$220K
CNVS icon
123
Cineverse
CNVS
$56.9M
– –
-654
Closed -$5K
NEA icon
124
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
– –
-30,038
Closed -$318K
RING icon
125
iShares MSCI Global Gold Miners ETF
RING
$2.26B
– –
-15,530
Closed -$291K
1 2 3 4
5

Similar funds

ML
Maniro Ltd Nassau $330M AUM
PCM
Payne Capital Management New York $331M AUM 19.65% 1-Year Est. Return
PWM
Provident Wealth Management Brentwood, Tennessee $331M AUM 15.75% 1-Year Est. Return
AV
Aspiring Ventures Cincinnati, Ohio $330M AUM 36.17% 1-Year Est. Return
RWP
Reliant Wealth Planning Louisville, Kentucky $331M AUM 10.94% 1-Year Est. Return
BAM
Blueshift Asset Management Red Bank, New Jersey $330M AUM 7.9% 1-Year Est. Return
HLAM
Hidden Lake Asset Management New York $331M AUM 122.92% 1-Year Est. Return
KFBMI
Kentucky Farm Bureau Mutual Insurance Louisville, Kentucky $329M AUM 25.23% 1-Year Est. Return

Next Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Next Capital Management held 131 positions worth $185M, up 40% from $132M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Next Capital Management deployed $48.1M of net new capital in Q4 2022, opening 19 new positions and adding to 37 existing holdings. Its largest new stake was BRT Apartments: 50,000 shares worth $982K.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 12% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund, an estimated $711K trimmed.

  • Next Capital Management's largest Q4 2022 buy was BRT Apartments: 50,000 shares worth $982K.
  • Next Capital Management added most to Blue Owl Capital in Q4 2022, an estimated $17.1M increase.
  • Next Capital Management's biggest Q4 2022 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $711K.
  • Next Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $318K.
  • Next Capital Management's ten largest holdings make up 49% of its $185M portfolio in Q4 2022.
  • Next Capital Management opened 19 new positions and closed 7 in Q4 2022.
  • Next Capital Management's portfolio value rose 40% quarter-over-quarter to $185M.

Based on Next Capital Management's 13F filing for Q4 2022, filed 12 Jan 2023.