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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
-1.07%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$223M
AUM Growth
+$7.16M
Cap. Flow
+$10.6M
Cap. Flow %
4.75%
Top 10 Hldgs %
52.34%
Holding
126
New
9
Increased
33
Reduced
23
Closed
11

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$9.3M
2
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$4.76M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$810K
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$607K
5
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$578K

Top Sells

Rank Stock Value
1
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
+$2.5M
2
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$2.02M
3
NSL
NUVEEN SENIOR INCM FD
NSL
+$1.7M
4
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$675K
5
PM icon
Philip Morris
PM
+$658K

Sector Composition

Rank Sector Weight
1 Financials 23.63%
2 Consumer Discretionary 11.01%
3 Technology 3.87%
4 Communication Services 3.51%
5 Consumer Staples 1.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPHQ icon
101
Invesco S&P 500 Quality ETF
SPHQ
$19B
$230K 0.1%
4,596
– –
PSX icon
102
Phillips 66
PSX
$82.9B
$229K 0.1%
+1,904
New +$214K
PINS icon
103
Pinterest
PINS
$13.7B
$226K 0.1%
8,370
– –
DBEF icon
104
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.1B
$221K 0.1%
6,331
– –
MGM icon
105
MGM Resorts International
MGM
$11.7B
$211K 0.09%
5,750
– –
BSL
106
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
$161K 0.07%
12,166
– –
NVG icon
107
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
$112K 0.05%
10,818
– –
ETWO
108
DELISTED
E2open Parent Holdings
ETWO
$110K 0.05%
+24,295
New +$120K
NOTV
109
DELISTED
Inotiv
NOTV
$97K 0.04%
31,503
– –
VWE
110
DELISTED
Vintage Wine Estates, Inc. Common Stock
VWE
$56.9K 0.03%
+100,049
New +$84.1K
ADSE icon
111
ADS-TEC Energy
ADSE
$908M
– –
-11,915
Closed -$76.3K
ARKG icon
112
ARK Genomic Revolution ETF
ARKG
$1.53B
– –
-6,716
Closed -$229K
AVB icon
113
AvalonBay Communities
AVB
$27.5B
– –
-3,275
Closed -$620K
BXMT icon
114
Blackstone Mortgage Trust
BXMT
$2.77B
– –
-13,143
Closed -$277K
MO icon
115
Altria Group
MO
$125B
– –
-6,649
Closed -$301K
RC
116
Ready Capital
RC
$260M
– –
-11,113
Closed -$127K
WMB icon
117
Williams Companies
WMB
$85.8B
– –
-7,361
Closed -$240K
NSL
118
DELISTED
NUVEEN SENIOR INCM FD
NSL
– –
-371,379
Closed -$1.7M
JSD
119
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
– –
-215,984
Closed -$2.5M
JRO
120
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
– –
-59,807
Closed -$466K
1 2 3 4
5

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PWM
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RWP
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BAM
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KFBMI
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Next Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Next Capital Management held 126 positions worth $223M, up 3.3% from $216M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Next Capital Management deployed $10.6M of net new capital in Q3 2023, opening 9 new positions and adding to 33 existing holdings. Its largest new stake was Nuveen Floating Rate Income Fund: 590,327 shares worth $4.85M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $2.02M trimmed.

  • Next Capital Management's largest Q3 2023 buy was Nuveen Floating Rate Income Fund: 590,327 shares worth $4.85M.
  • Next Capital Management added most to Amazon in Q3 2023, an estimated $9.3M increase.
  • Next Capital Management's biggest Q3 2023 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $2.02M.
  • Next Capital Management fully exited NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND in Q3 2023, selling an estimated $2.5M.
  • Next Capital Management's ten largest holdings make up 52% of its $223M portfolio in Q3 2023.
  • Next Capital Management opened 9 new positions and closed 11 in Q3 2023.
  • Next Capital Management's portfolio value rose 3.3% quarter-over-quarter to $223M.

Based on Next Capital Management's 13F filing for Q3 2023, filed 18 Oct 2023.