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Next Capital Management Portfolio holdings

AUM $370M
1-Year Est. Return 13.07%
This Fund
S&P 500
This Quarter Est. Return
+11.39%
1 Year Est. Return
+13.07%
3 Year Est. Return
+61.26%
5 Year Est. Return
+63.83%
10 Year Est. Return
–
AUM
$370M
AUM Growth
+$40.3M
Cap. Flow
+$6.97M
Cap. Flow %
1.88%
Top 10 Hldgs %
48.42%
Holding
148
New
14
Increased
39
Reduced
35
Closed
10

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$3.02M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.57M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.36M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$949K
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$704K

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$3.07M
2
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$1.09M
3
GBDC icon
Golub Capital BDC
GBDC
+$805K
4
RYAM icon
Rayonier Advanced Materials
RYAM
+$569K
5
ALAB icon
Astera Labs
ALAB
+$568K

Sector Composition

Rank Sector Weight
1 Miscellaneous 63.54%
2 Financials 20.83%
3 Technology 5.14%
4 Communication Services 3.96%
5 Consumer Discretionary 2.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
126
UnitedHealth
UNH
$356B
$216K 0.06%
+519
New +$192K
PM icon
127
Philip Morris
PM
$284B
$215K 0.06%
1,191
-2,189
-65% -$380K
BKNG icon
128
Booking.com
BKNG
$145B
$214K 0.06%
1,200
– –
AEVA
129
Aeva Technologies
AEVA
$1.09B
$211K 0.06%
+7,355
New +$145K
WEC icon
130
WEC Energy
WEC
$34.5B
$211K 0.06%
1,806
– –
MRK icon
131
Merck
MRK
$371B
$204K 0.06%
1,591
-148
-9% -$17.3K
JFR icon
132
Nuveen Floating Rate Income Fund
JFR
$1.23B
$179K 0.05%
23,402
– –
SERV
133
Serve Robotics
SERV
$429M
$174K 0.05%
26,425
– –
WVVI icon
134
Willamette Valley Vineyards
WVVI
$11.1M
$138K 0.04%
54,800
– –
ACVA icon
135
ACV Auctions
ACVA
$1.19B
$108K 0.03%
15,047
-1,659
-10% -$9.4K
CRBU icon
136
Caribou Biosciences
CRBU
$168M
$35.2K 0.01%
20,000
– –
EDF
137
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$171M
– –
-10,000
Closed -$47.8K
GLW icon
138
Corning
GLW
$133B
– –
-2,000
Closed -$272K
HD icon
139
Home Depot
HD
$320B
– –
-675
Closed -$222K
JPST icon
140
JPMorgan Ultra-Short Income ETF
JPST
$41B
– –
-21,598
Closed -$1.09M
MA icon
141
Mastercard
MA
$507B
– –
-411
Closed -$205K
MGM icon
142
MGM Resorts International
MGM
$10.4B
– –
-5,780
Closed -$214K
OWL icon
143
Blue Owl Capital
OWL
$8.04B
– –
-29,006
Closed -$265K
RYAM icon
144
Rayonier Advanced Materials
RYAM
$575M
– –
-51,422
Closed -$569K
ALAB icon
145
Astera Labs
ALAB
$53.8B
– –
-5,182
Closed -$568K
AMRZ
146
Amrize Ltd
AMRZ
$24B
– –
-3,750
Closed -$210K
2 3 4 5
6

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Next Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Next Capital Management held 148 positions worth $370M, up 12% from $330M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Next Capital Management's Q2 2026 filing shows 14 new, 39 increased, 35 reduced and 10 closed positions. Its largest new stake was Broadcom: 1,142 shares worth $431K. The largest sale was Amazon, an estimated $3.07M.

By sector, the portfolio is most concentrated in Miscellaneous at 64% of assets, up from 60% a quarter earlier, followed by Financials and Technology.

  • Next Capital Management's largest Q2 2026 buy was Broadcom: 1,142 shares worth $431K.
  • Next Capital Management added most to Blue Owl Capital in Q2 2026, an estimated $3.02M increase.
  • Next Capital Management's biggest Q2 2026 reduction was Amazon, cutting an estimated $3.07M.
  • Next Capital Management fully exited JPMorgan Ultra-Short Income ETF in Q2 2026, selling an estimated $1.09M.
  • Next Capital Management's ten largest holdings make up 48% of its $370M portfolio in Q2 2026.
  • Next Capital Management opened 14 new positions and closed 10 in Q2 2026.
  • Next Capital Management's portfolio value rose 12% quarter-over-quarter to $370M.

Based on Next Capital Management's 13F filing for Q2 2026, filed 3 Aug 2026.