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Next Capital Management Portfolio holdings

AUM $330M
1-Year Est. Return 11.54%
This Fund
S&P 500
This Quarter Est. Return
-5.48%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$330M
AUM Growth
+$17.8M
Cap. Flow
+$38.1M
Cap. Flow %
11.55%
Top 10 Hldgs %
48.16%
Holding
151
New
15
Increased
60
Reduced
24
Closed
17

Top Buys

1
OBDC icon
Blue Owl Capital
OBDC
+$14.3M
2
MFIC icon
MidCap Financial Investment
MFIC
+$4.27M
3
GBDC icon
Golub Capital BDC
GBDC
+$4.14M
4
KKR icon
KKR & Co
KKR
+$2.9M
5
APO icon
Apollo Global Management
APO
+$2.49M

Top Sells

1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$1.51M
2
TFX icon
Teleflex
TFX
+$1.27M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$810K
4
CSGS
CSG Systems International
CSGS
+$690K
5
BIZD icon
VanEck BDC Income ETF
BIZD
+$652K

Sector Composition

1 Financials 22.98%
2 Technology 5.22%
3 Communication Services 4.26%
4 Consumer Discretionary 3.09%
5 Healthcare 1.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
126
Booking.com
BKNG
$143B
$202K 0.06%
1,200
– –
ZGN icon
127
Zegna
ZGN
$3.87B
$190K 0.06%
18,275
– –
JFR icon
128
Nuveen Floating Rate Income Fund
JFR
$1.24B
$176K 0.05%
23,402
-6,456
-22% -$49.5K
WVVI icon
129
Willamette Valley Vineyards
WVVI
$13.6M
$141K 0.04%
54,800
– –
ACHV icon
130
Achieve Life Sciences
ACHV
$612M
$103K 0.03%
34,995
+18,865
+117% +$83.8K
ACVA icon
131
ACV Auctions
ACVA
$1.33B
$70.8K 0.02%
16,706
– –
EDF
132
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$169M
$47.8K 0.01%
10,000
– –
CRBU icon
133
Caribou Biosciences
CRBU
$165M
$38K 0.01%
20,000
– –
ABBV icon
134
AbbVie
ABBV
$449B
– –
-889
Closed -$203K
BDX icon
135
Becton Dickinson
BDX
$44.1B
– –
-1,164
Closed -$226K
BIZD icon
136
VanEck BDC Income ETF
BIZD
$1.65B
– –
-46,000
Closed -$652K
BNDX icon
137
Vanguard Total International Bond ETF
BNDX
$82.2B
– –
-5,519
Closed -$267K
BRK.A icon
138
Berkshire Hathaway Class A
BRK.A
$1.06T
– –
-2
Closed -$1.51M
CBZ icon
139
CBIZ
CBZ
$2.31B
– –
-4,500
Closed -$227K
CMCSA icon
140
Comcast
CMCSA
$86.1B
– –
-10,928
Closed -$327K
CSGS
141
DELISTED
CSG Systems International
CSGS
– –
-9,000
Closed -$690K
DCGO icon
142
DocGo
DCGO
$63M
– –
-15,000
Closed -$13.2K
DIVB icon
143
iShares Core Dividend ETF
DIVB
$1.6B
– –
-3,854
Closed -$205K
INDA icon
144
iShares MSCI India ETF
INDA
$6.8B
– –
-4,000
Closed -$216K
LII icon
145
Lennox International
LII
$19.4B
– –
-563
Closed -$273K
PLTR icon
146
Palantir
PLTR
$322B
– –
-1,578
Closed -$280K
SLV icon
147
iShares Silver Trust
SLV
$26.9B
– –
-4,585
Closed -$295K
TFX icon
148
Teleflex
TFX
$5.99B
– –
-10,423
Closed -$1.27M
V icon
149
Visa
V
$694B
– –
-603
Closed -$212K
2 3 4 5
6

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Next Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Next Capital Management held 151 positions worth $330M, up 5.7% from $312M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Next Capital Management deployed $38.1M of net new capital in Q1 2026, opening 15 new positions and adding to 60 existing holdings. Its largest new stake was Salesforce: 11,350 shares worth $2.12M.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 17% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $810K trimmed.

  • Next Capital Management's largest Q1 2026 buy was Salesforce: 11,350 shares worth $2.12M.
  • Next Capital Management added most to Blue Owl Capital in Q1 2026, an estimated $14.3M increase.
  • Next Capital Management's biggest Q1 2026 reduction was Invesco QQQ Trust, cutting an estimated $810K.
  • Next Capital Management fully exited Berkshire Hathaway Class A in Q1 2026, selling an estimated $1.51M.
  • Next Capital Management's ten largest holdings make up 48% of its $330M portfolio in Q1 2026.
  • Next Capital Management opened 15 new positions and closed 17 in Q1 2026.
  • Next Capital Management's portfolio value rose 5.7% quarter-over-quarter to $330M.

Based on Next Capital Management's 13F filing for Q1 2026, filed 7 May 2026.