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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
+3.48%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$149M
AUM Growth
+$30.9M
Cap. Flow
+$26.9M
Cap. Flow %
18.01%
Top 10 Hldgs %
44.86%
Holding
907
New
654
Increased
110
Reduced
22
Closed
25

Top Buys

1
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.47M
2
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$2.68M
3
AFT
Apollo Senior Floating Rate Fund Inc.
AFT
+$1.61M
4
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$1.55M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.27M

Top Sells

1
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$1.78M
2
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$372K
3
DSL
DoubleLine Income Solutions Fund
DSL
+$212K
4
IWC icon
iShares Micro-Cap ETF
IWC
+$128K
5
SCHA icon
Schwab U.S Small- Cap ETF
SCHA
+$121K

Sector Composition

1 Communication Services 4.92%
2 Technology 3.89%
3 Healthcare 3.71%
4 Financials 3.71%
5 Industrials 1.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCHX icon
1
Schwab US Large- Cap ETF
SCHX
$72.4B
$12M 8.05%
1,026,372
+233,604
+29% +$2.68M
JPST icon
2
JPMorgan Ultra-Short Income ETF
JPST
$39.8B
$8.29M 5.55%
164,455
+30,769
+23% +$1.55M
IVV icon
3
iShares Core S&P 500 ETF
IVV
$891B
$8.16M 5.47%
27,664
+15,412
+126% +$4.47M
SCHA icon
4
Schwab U.S Small- Cap ETF
SCHA
$22.8B
$7.47M 5.01%
418,176
-6,868
-2% -$121K
IEFA icon
5
iShares Core MSCI EAFE ETF
IEFA
$187B
$7.19M 4.82%
117,085
+20,808
+22% +$1.27M
BRW
6
Saba Capital Income & Opportunities Fund
BRW
$340M
$7.05M 4.72%
740,257
+113,630
+18% +$1.09M
EVF
7
Eaton Vance Senior Income Trust
EVF
$90.3M
$4.88M 3.27%
783,813
+163,194
+26% +$1.02M
IJR icon
8
iShares Core S&P Small-Cap ETF
IJR
$111B
$4.55M 3.05%
58,078
+651
+1% +$50.5K
BGB
9
Blackstone Strategic Credit 2027 Term Fund
BGB
$506M
$3.69M 2.48%
251,816
+75,168
+43% +$1.09M
AFT
10
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$3.65M 2.45%
244,376
+107,143
+78% +$1.61M
VEA icon
11
Vanguard FTSE Developed Markets ETF
VEA
$227B
$3.33M 2.23%
79,714
+9,037
+13% +$372K
SBGI icon
12
Sinclair Inc
SBGI
$1.03B
$3.26M 2.18%
60,768
– –
FRA icon
13
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$2.78M 1.86%
216,600
+55,631
+35% +$715K
VTI icon
14
Vanguard Total Stock Market ETF
VTI
$664B
$2.74M 1.83%
18,234
– –
TFX icon
15
Teleflex
TFX
$5.99B
$2.63M 1.76%
7,931
+51
+0.6% +$15.4K
IJH icon
16
iShares Core S&P Mid-Cap ETF
IJH
$123B
$2.58M 1.73%
66,265
+2,965
+5% +$114K
TPYP icon
17
Tortoise North American Pipeline ETF
TPYP
$887M
$2.32M 1.56%
97,087
+33,010
+52% +$786K
BRK.B icon
18
Berkshire Hathaway Class B
BRK.B
$1.06T
$2M 1.34%
9,368
+105
+1% +$21.7K
AAPL icon
19
Apple
AAPL
$4.89T
$1.94M 1.3%
39,260
+7,116
+22% +$347K
NRK icon
20
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$931M
$1.93M 1.29%
147,096
+24,973
+20% +$323K
CXT icon
21
Crane NXT
CXT
$2.99B
$1.83M 1.23%
63,329
-2,790
-4% -$81.2K
NSL
22
DELISTED
NUVEEN SENIOR INCM FD
NSL
$1.77M 1.18%
298,314
+78,650
+36% +$462K
JRO
23
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$1.63M 1.1%
167,769
+94,385
+129% +$922K
VWO icon
24
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$1.57M 1.05%
36,898
+22,560
+157% +$949K
IWD icon
25
iShares Russell 1000 Value ETF
IWD
$82.4B
$1.37M 0.92%
10,788
+1,294
+14% +$162K
1
2 3 4 5

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Next Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Next Capital Management held 907 positions worth $149M, up 26% from $118M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Next Capital Management deployed $26.9M of net new capital in Q2 2019, opening 654 new positions and adding to 110 existing holdings. Its largest new stake was Nuveen New Jersey Quality Municipal Income Fund: 17,550 shares worth $247K.

By sector, the portfolio is most concentrated in Communication Services at 4.9% of assets, up from 4.6% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was FIRST TRUST MLP AND ENERGY INCOME FUND, an estimated $372K trimmed.

  • Next Capital Management's largest Q2 2019 buy was Nuveen New Jersey Quality Municipal Income Fund: 17,550 shares worth $247K.
  • Next Capital Management added most to iShares Core S&P 500 ETF in Q2 2019, an estimated $4.47M increase.
  • Next Capital Management's biggest Q2 2019 reduction was FIRST TRUST MLP AND ENERGY INCOME FUND, cutting an estimated $372K.
  • Next Capital Management fully exited Blackstone Long-Short Credit Income Fund in Q2 2019, selling an estimated $1.78M.
  • Next Capital Management's ten largest holdings make up 45% of its $149M portfolio in Q2 2019.
  • Next Capital Management opened 654 new positions and closed 25 in Q2 2019.
  • Next Capital Management's portfolio value rose 26% quarter-over-quarter to $149M.

Based on Next Capital Management's 13F filing for Q2 2019, filed 2 Aug 2019.