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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
+3.23%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$239M
AUM Growth
-$8.72M
Cap. Flow
-$16M
Cap. Flow %
-6.68%
Top 10 Hldgs %
46.38%
Holding
152
New
7
Increased
40
Reduced
48
Closed
16

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$8.33M
2
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$4.52M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$799K
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$740K
5
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$731K

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$19.4M
2
IWB icon
iShares Russell 1000 ETF
IWB
+$3.78M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$2.76M
4
AFT
Apollo Senior Floating Rate Fund Inc.
AFT
+$2.2M
5
VGT icon
Vanguard Information Technology ETF
VGT
+$1.04M

Sector Composition

Rank Sector Weight
1 Financials 12.89%
2 Technology 6.64%
3 Consumer Discretionary 6.08%
4 Communication Services 5.94%
5 Healthcare 2.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPGI icon
126
S&P Global
SPGI
$123B
$221K 0.09%
+495
New +$212K
ZGN icon
127
Zegna
ZGN
$3.99B
$216K 0.09%
18,275
– –
WVVI icon
128
Willamette Valley Vineyards
WVVI
$13.5M
$215K 0.09%
54,800
– –
BLK icon
129
Blackrock
BLK
$170B
$214K 0.09%
+272
New +$212K
SCHM icon
130
Schwab US Mid-Cap ETF
SCHM
$14.3B
$210K 0.09%
8,085
– –
BIV icon
131
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
$209K 0.09%
+2,686
New +$200K
TRV icon
132
Travelers Companies
TRV
$82.4B
$205K 0.09%
1,007
-22
-2% -$4.73K
BKNG icon
133
Booking.com
BKNG
$155B
$202K 0.08%
+1,275
New +$189K
ETWO
134
DELISTED
E2open Parent Holdings
ETWO
$109K 0.05%
24,295
– –
VWE
135
DELISTED
Vintage Wine Estates, Inc. Common Stock
VWE
$13.9K 0.01%
100,049
– –
ABT icon
136
Abbott
ABT
$191B
– –
-2,223
Closed -$253K
BA icon
137
Boeing
BA
$167B
– –
-1,063
Closed -$205K
BOND icon
138
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
– –
-4,987
Closed -$458K
BSL
139
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
– –
-10,964
Closed -$157K
DHR icon
140
Danaher
DHR
$142B
– –
-826
Closed -$206K
FNF icon
141
Fidelity National Financial
FNF
$14.7B
– –
-4,708
Closed -$250K
IWB icon
142
iShares Russell 1000 ETF
IWB
$47.5B
– –
-13,135
Closed -$3.78M
MANH icon
143
Manhattan Associates
MANH
$12.5B
– –
-865
Closed -$216K
MJ icon
144
Amplify Alternative Harvest ETF
MJ
$96.6M
– –
-4,371
Closed -$219K
NVG icon
145
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.69B
– –
-10,818
Closed -$131K
PARA
146
DELISTED
Paramount Global Class B
PARA
– –
-17,576
Closed -$207K
PAYC icon
147
Paycom
PAYC
$7.98B
– –
-1,574
Closed -$313K
PLD icon
148
Prologis
PLD
$135B
– –
-1,643
Closed -$214K
VGT icon
149
Vanguard Information Technology ETF
VGT
$134B
– –
-15,912
Closed -$1.04M
2 3 4 5
6

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KFBMI
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Next Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Next Capital Management held 152 positions worth $239M, down 3.5% from $248M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Next Capital Management withdrew a net $16M in Q2 2024, closing 16 positions and reducing 48 holdings. Its most notable exit was iShares Russell 1000 ETF, an estimated $3.78M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 17% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Next Capital Management opened a new position in TransUnion worth $422K.

  • Next Capital Management's largest Q2 2024 buy was TransUnion: 5,691 shares worth $422K.
  • Next Capital Management added most to Golub Capital BDC in Q2 2024, an estimated $8.33M increase.
  • Next Capital Management's biggest Q2 2024 reduction was Blue Owl Capital, cutting an estimated $19.4M.
  • Next Capital Management fully exited iShares Russell 1000 ETF in Q2 2024, selling an estimated $3.78M.
  • Next Capital Management's ten largest holdings make up 46% of its $239M portfolio in Q2 2024.
  • Next Capital Management opened 7 new positions and closed 16 in Q2 2024.
  • Next Capital Management's portfolio value fell 3.5% quarter-over-quarter to $239M.

Based on Next Capital Management's 13F filing for Q2 2024, filed 20 Aug 2024.