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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
+11.56%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$118M
AUM Growth
+$4.28M
Cap. Flow
-$7.74M
Cap. Flow %
-6.54%
Top 10 Hldgs %
44.12%
Holding
280
New
46
Increased
25
Reduced
43
Closed
27

Top Buys

Rank Stock Value
1
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$1.76M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.21M
3
IWD icon
iShares Russell 1000 Value ETF
IWD
+$1.14M
4
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$833K
5
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$744K

Top Sells

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$5.86M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$3.86M
3
IWB icon
iShares Russell 1000 ETF
IWB
+$1.72M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$1.07M
5
SCHM icon
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%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCHX icon
1
Schwab US Large- Cap ETF
SCHX
$71.8B
$8.93M 7.55%
792,768
+76,872
+11% +$833K
SCHA icon
2
Schwab U.S Small- Cap ETF
SCHA
$22.2B
$7.43M 6.28%
425,044
-14,332
-3% -$245K
JPST icon
3
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
$6.72M 5.68%
133,686
-116,539
-47% -$5.86M
BRW
4
Saba Capital Income & Opportunities Fund
BRW
$336M
$5.99M 5.06%
626,627
-112,794
-15% -$1.07M
IEFA icon
5
iShares Core MSCI EAFE ETF
IEFA
$190B
$5.85M 4.95%
96,277
+11,686
+14% +$690K
IJR icon
6
iShares Core S&P Small-Cap ETF
IJR
$109B
$4.43M 3.75%
57,427
+9,302
+19% +$714K
EVF
7
Eaton Vance Senior Income Trust
EVF
$90.3M
$3.82M 3.23%
620,619
-13,406
-2% -$82.2K
IVV icon
8
iShares Core S&P 500 ETF
IVV
$878B
$3.49M 2.95%
12,252
+4,423
+56% +$1.21M
VEA icon
9
Vanguard FTSE Developed Markets ETF
VEA
$229B
$2.89M 2.44%
70,677
-16,749
-19% -$669K
VTI icon
10
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$2.64M 2.23%
18,234
– –
BGB
11
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$2.52M 2.13%
176,648
-269,198
-60% -$3.86M
IJH icon
12
iShares Core S&P Mid-Cap ETF
IJH
$122B
$2.4M 2.03%
63,300
+8,965
+16% +$331K
TFX icon
13
Teleflex
TFX
$6.05B
$2.38M 2.01%
7,880
– –
SBGI icon
14
Sinclair Inc
SBGI
$992M
$2.34M 1.98%
60,768
– –
AFT
15
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$2.04M 1.72%
137,233
+26,901
+24% +$398K
FRA icon
16
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
$2.01M 1.7%
160,969
-12,841
-7% -$162K
CXT icon
17
Crane NXT
CXT
$2.99B
$1.94M 1.64%
66,119
– –
BRK.B icon
18
Berkshire Hathaway Class B
BRK.B
$1.1T
$1.86M 1.57%
9,263
– –
BGX
19
Blackstone Long-Short Credit Income Fund
BGX
$136M
$1.78M 1.51%
+116,901
New +$1.76M
NRK icon
20
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$1.55M 1.31%
122,123
+60,567
+98% +$744K
TPYP icon
21
Tortoise North American Pipeline ETF
TPYP
$875M
$1.53M 1.29%
64,077
-18,691
-23% -$429K
AAPL icon
22
Apple
AAPL
$4.54T
$1.53M 1.29%
32,144
-5,400
-14% -$229K
EMLP icon
23
First Trust North American Energy Infrastructure Fund
EMLP
$4.11B
$1.31M 1.11%
53,049
-14,131
-21% -$335K
IVW icon
24
iShares S&P 500 Growth ETF
IVW
$73.8B
$1.31M 1.11%
30,352
-3,500
-10% -$143K
NSL
25
DELISTED
NUVEEN SENIOR INCM FD
NSL
$1.28M 1.08%
219,664
+5,130
+2% +$29.9K
1
2 3 4 5

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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.