Next Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BGX
Blackstone Long-Short Credit Income Fund
BGX
|
+$1.76M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$1.21M |
| 3 |
iShares Russell 1000 Value ETF
IWD
|
+$1.14M |
| 4 |
Schwab US Large- Cap ETF
SCHX
|
+$833K |
| 5 |
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
|
+$744K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$5.86M |
| 2 |
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
|
+$3.86M |
| 3 |
iShares Russell 1000 ETF
IWB
|
+$1.72M |
| 4 |
BRW
Saba Capital Income & Opportunities Fund
BRW
|
+$1.07M |
| 5 |
Schwab US Mid-Cap ETF
SCHM
|
+$844K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 4.61% |
| 2 | Financials | 3.23% |
| 3 | Healthcare | 2.97% |
| 4 | Technology | 2.87% |
| 5 | Industrials | 1.91% |
Similar funds
Next Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Next Capital Management held 280 positions worth $118M, up 3.8% from $114M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Next Capital Management withdrew a net $7.74M in Q1 2019, closing 27 positions and reducing 43 holdings. Its most notable exit was ConvergeOne Holdings, Inc. Class A Common Stock, an estimated $162K position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 4.6% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Next Capital Management opened a new position in Blackstone Long-Short Credit Income Fund worth $1.78M.
- Next Capital Management's largest Q1 2019 buy was Blackstone Long-Short Credit Income Fund: 116,901 shares worth $1.78M.
- Next Capital Management added most to iShares Core S&P 500 ETF in Q1 2019, an estimated $1.21M increase.
- Next Capital Management's biggest Q1 2019 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $5.86M.
- Next Capital Management fully exited ConvergeOne Holdings, Inc. Class A Common Stock in Q1 2019, selling an estimated $162K.
- Next Capital Management's ten largest holdings make up 44% of its $118M portfolio in Q1 2019.
- Next Capital Management opened 46 new positions and closed 27 in Q1 2019.
- Next Capital Management's portfolio value rose 3.8% quarter-over-quarter to $118M.
Based on Next Capital Management's 13F filing for Q1 2019, filed 22 Apr 2019.